The Trouble with Oil (Part Two)20160129201734
The Trouble with Oil (Part Two)
Two weeks ago we wrote a post on oil (The Trouble with Oil Part 1) – why it matters to equities these days, and how the initial market response (and ...
Japan & Abenomics redux20160129192454
Japan & Abenomics redux
Overnight, Japan’s central bank pushed short term interest rates into negative territory and pledged more monetary stimulus. For a brief overview of ...
Why Don’t Value Investors Always Buy the Dips?20160120192947
Why Don’t Value Investors Always Buy the Dips?
In the short run, the market is a voting machine; in the long run, it’s a weighing machine. For fun, let’s assume you’re a value investor looking at G...
The Trouble with Oil20160116192938
The Trouble with Oil
In an earlier post, we talked about market volatility when new risks move to center stage. Well, crude oil is center stage, to say the least. Why? O...
An Excerpt from the Mid-Month Update20160115192619
An Excerpt from the Mid-Month Update
Given the market volatility, we provided a mid-month update to our investors. The following is a brief commentary on the markets: For purposes of thi...
Market Psychology and the Investor Narrative20160107152634
Market Psychology and the Investor Narrative
History doesn’t repeat itself, but it often rhymes. So said Mark Twain, or possibly someone else, depending on whom you believe. You might say the sam...