I’m not that impressed with the recent bounce in the Shanghai Composite. Some have called it a new Bull Market (it has risen 20% from its August lows). Bu to me it feels like a …
Continue readingBear Market
As you are well aware, it is our belief that the price action over the last past 18 months in global risk assets, which has included an outright crash in commodities, and a crash up …
Continue readingBy no means can I definitively say that we are headed for a bear market in equities. While there are plenty of risk assets that have entered bear market territory (down 20% from highs), some …
Continue readingIt’s a fact, stock markets go up over time. Investors spend most of their time in what are commonly referred to as Bull Markets. The latest Bull Market has lasted five years and has accounted …
Continue readingMorningWord 11/27/13: While the major equity indices all hovered above nice round numbers yesterday (SPX 1800, Nasdaq 4000 and Dow 16,000), one of the largest Tech stocks in the market quietly went into and quickly …
Continue readingMorningWord 6/24/13: If you are waking up this morning and the price action in China surprises you (Shanghai dropping 5.23% to bring it to down ~13.5% on the year), it really shouldn’t. If you respect …
Continue reading