Tag Archives: bearish

Market Tanks – Great news for some.

I haven’t published for some time now.  Why bother?  The economy was tanking, and the market was rallying.  Made no sense to someone who’s been managing money for 30+ years, so better to say nothing.  However today’s headlines are providing … Continue reading

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The roller-coaster stock market.

The market continues to behave like a roller-coaster.  But will this ride ever end?  In the past, the ups and downs of stock prices have always mirrored the ups and downs in earnings, but this relationship seems to have broken … Continue reading

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Why Warren Buffett’s Moves are Bewildering.

Everyone is confused – He bought a bunch of airlines at their peak, and sold them all (was the normally undaunted investor suddenly in a panic?) at the bottom.  “Fear is the most contagious disease you can imagine…” said Buffett … Continue reading

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Corporate Bonds not out of the woods yet!

We’ve watched a bit of a bear market rally in stocks, but also saw the same short term narrowing of corporate bond spreads (the difference between the yield offered by corporate bonds versus the virtually risk-free government bonds or treasuries).  … Continue reading

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Why the S&P 500 should fall another 10% to 20%.

The risk of being so right in one’s projections (I called this meltdown months ago) is you begin to second guess yourself – maybe now I should turn bullish? The recent rally (which I covered in my “It’s a Trap” … Continue reading

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Fund flows drive markets, and they suggest many months of misery.

Having (with partners) founded and managed a mutual fund company, I can share some insights when it comes to timing markets.  Some say it’s impossible, but the data (and experience) suggest otherwise. For instance, just before the COVID-19 mayhem which … Continue reading

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Private Equity/Debt Cockroaches emerging.

I published here (in late January) and on SeekingAlpha.com a warning that the surge in private equity (with with emphasis on “private” or illiquid) in the past decade would reek havoc for institutional and individual investors alike.  We’re beginning to … Continue reading

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How long before this bear market hibernates again?

Most of what I read suggests we’re experiencing a Bear Market rally, and that it will be short-lived.  A very respected strategist friend of mind put it this way: It remains our view that stock markets will return to test … Continue reading

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Avoid natural gas companies despite bounce in energy sector.

Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the $20 level.  I did share that on March 20 I … Continue reading

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Optimism markets will rebound fast is just wrong!

Apparently Goldman strategists expect profits for companies in the S&P 500 will decline 33% this year, and rebound 55% next year.  It implies a V-shaped recovery.  Let’s forget that 2021 is a long way off and that their guess is … Continue reading

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