Brilliant chart from the Leuthold Group. We are in the third longest and sixth largest bull market in history. Look at the second largest. 400% in 55 months following the great depression. Could you imagine the uncertainty? Seemingly everything was unprecedented at that point. Advertisements
Elon Musk’s decision to attempt an acquisition of SolarCity in an all-stock deal wasn’t because of impending financial doom at SolarCity, though that may have contributed. Incorporating solar was part of Elon Musks original master plan written 10 years ago. This is a logical time to buy solarCity based on Tesla’s progression and a current focus […]
Flooding of Coast, Caused by Global Warming, Has Already Begun The market is discounting the effects of global warming. I worry for oblivious, and often old investors chasing yield in worn out oil names.
“If you desire a ride to Baghdad, here is a magic carpet; if you desire your enemy dead, here is a magic doll; if you desire unlimited riches, here is a forecast of interest rates.” – Deirdre McCloskey
Markets have been volatile in 2016, not 2008 volatile, but the worst we’ve seen since then. You can blame it on a number of factors but two stand out to me, a slowing Chinese economy, and the price of oil. Slowing Chinese demand may be the biggest issue plaguing the U.S. economy. Fortunately, the PBOC […]
The Shaperfunds portfolio returned 3.65% in 2015, 5.3% better than my benchmark, the S&P 500 Index. According to the Absolute Return Composite Index, the average hedge fund lost 0.09% for the year. Below is a chart showing the Shaperfund portfolio versus my benchmark. The 5.3% outperformance is a result of stock selection and market timing. The […]