Over the past week the majority of our market health indicators improved. None of them improved enough to change our core portfolio allocations. Unfortunately, the indicators still aren’t believers in this rally. They continue to show underlying weakness. Happy New Year everyone!
Timothy B. Lee offers several defenses of surge pricing by Uber and Lyft, including this. It might seem like an obvious point, but it’s often overlooked by people who complain about surge pricing. Surge pricing gives drivers an incentive to spend more time on the road than they otherwise would. It encourages them to re-arrange their…
Happy New Year! We’ve already posted our Trade of the Year for AAPL, rolling it out live on Money Talk back on the 19th and, before that, it was our Top Trade Idea for Dec 17th, along with our runner-up trade on BHI, which we also added to our Long-Term Portfolio (which we reviewed on Wednesday). On the 18th, Top Trades…
Headlines proclaiming last year’s 46% decline in the price of oil are designed to provoke fear while goosing readership and ratings. Professional commodity traders are having a ball and making tons of money as amateurs pay them big bucks to speculate on each day’s fluctuation. The Wall Street Journal noted that crude was at its…
Headlines proclaiming last year’s 46% decline in the price of oil are designed to provoke fear while goosing readership and ratings. Professional commodity traders are having a ball and making tons of money as amateurs pay them big bucks to speculate on each day’s fluctuation. The Wall Street Journal noted that crude was at its…
Well this is not supposed to happen. 2015 appears to have started with the “bad news is bad news” meme engaged as the standard USDJPY-driven opening ramp has collapsed on the back of a triple whammy of terrible data (US PMI, Construction Spending, and ISM). The Santa Rally (theoretically due to finish at the close…
Distorted Markets We have always liked Eclectica fund manager Hugh Hendry for his sound views and outspoken manner. Below is a somewhat dated video compilation showing several moments in which he stunned his opponents in television debates by voicing uncomfortable and politically incorrect truths. Included in the video is a defense of speculators, entrepreneurs and…
The current inconsistency between mid (10 yr) and long-term asset class return-risk relationships suggests a shift to more conservative allocations would be prudent at this time. This inconsistency is due to the extreme valuations in stocks today. Based on the Shiller CAPE historical data for the S&P 500 index over the last 115 years there…
Shares of NephroGenex (NRX) soared as high as 200% on Wednesday after the company announced an excellent safety profile for its drug Pyridorin which treats diabetic nephropathy — diabetic kidney disease. Diabetic nephropathy is a chronic disease of the kidney caused by diabetes. There are around 19 million people in the U.S. diagnosed with diabetes….
