One of the early signs that a cycle is about to turn down is disorder in junk bonds. That’s because the companies that issue such bonds are by definition financially and/or operationally weak and therefore ultra-sensitive to changes in their environment. A modest drop in, say, consumer spending or the price of wind turbines will…
A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever. But without a doubt, some very important things did happen in September. As I warned about ahead of time,…
“There is a tide in the affairs of men, Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves Or lose our ventures.” William…
Asian markets tanked today: The Nikkei -4.05%, Hang Seng -2.97% and Shanghai -2.06%. Europe fared better, with the FTSE down -0.83% and the Euro STOXX 50 down only -0.32%. Our benchmark S&P 500 opened higher and hit its 0.94% intraday high about an hour later. It then sold off in a couple of waves to…
Table of Contents The 10 Investing Principles of Guy Spier and Aquamarine Funds 1. The Miracle of Compound Interest 2. Don’t Lose Money 3. Avoid Leverage 4. Pay Attention to Incentives 5. Play Center Court 6. Buy Better Businesses at Bargain Prices 7. Work With Great Partners 8. Use A Checklist 9. Become a Hydra…
Table of Contents The 10 Investing Principles of Guy Spier and Aquamarine Funds 1. The Miracle of Compound Interest 2. Don’t Lose Money 3. Avoid Leverage 4. Pay Attention to Incentives 5. Play Center Court 6. Buy Better Businesses at Bargain Prices 7. Work With Great Partners 8. Use A Checklist 9. Become a Hydra…
The 2015 National Football League (NFL) season is well underway — the three weeks of play so far have seen many twists and turns, taking fans by surprise. Fans are turning up in huge numbers in apparel displaying their favorite team logos and merchandise. Sportswear companies sign football celebrities onto their rosters to add more…
ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities. When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth…
Today I deleted Skechers U.S.A. (NYSE:SKX), AMN Healthcare Services (NYSE:AHS), WellCare Health Plans (NYSE:WCG), Threshold Pharmaceuticals (NASDAQ:THLD) and FactSet Research Systems (NYSE:FDS) for the Barchart Van Meerten New High portfolio for negative price momentum. Skechers U.S.A. Barchart technical indicators: 32% Barchart technical sell signals Trend Spotter sell signal Below its 20 and 50 day moving averages 20.64% off its recent high Relative Strength Index 37.26% Recently traded…
Stocks had a wide ranging day, finishing up nearly unchanged. The end of the third quarter is upon us. Shenanigans may be forthcoming. Have a pleasant evening.
