Tag Archives: rally

Earnings surprises impotent; Earnings shocks potent!

Evidence supports the notion that strategies targeting ‘earnings surprises’ are relatively impotent these days. I remember twenty years ago (long before these stats were tracked with near precision using quantitative techniques) it became abundantly clear to me that accurately predicting … Continue reading

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Earnings surprises impotent; Earnings shocks potent!

Evidence supports the notion that strategies targeting ‘earnings surprises’ are relatively impotent these days. I remember twenty years ago (long before these stats were tracked with near precision using quantitative techniques) it became abundantly clear to me that accurately predicting … Continue reading

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Why the price of gold skyrocketed and why it’s over!

Everyone is fascinated by the yellow metal.  I’ve been to exploration sites as far north as Nunavut (by the Arctic Ocean) and south to operating mines in Chile.  But determining what it’s worth remains a conundrum to all of us. The price … Continue reading

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When to rotate into cyclicals? NOW!

I’ve been preaching for decades (and discussed in both my books ad nauseum) that the right thing to be doing at any point in time is the exact opposite of what everyone else is doing.  If it’s a difficult thing to … Continue reading

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Is the end near? For yield it just might be!

A huge believer that what we read in the press is always the exact opposite of what we should expect, the universal agreement by pundits that interest rates will remain at rock bottom levels must be a signal.  And the … Continue reading

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Institutional Investors missed the boat….yet again!

Just back from a nice ride on a rented Harley-Davidson motorcycle (in beautiful Arizona), I can’t say that I’m back in the swing of things just yet, but it sure did clear my head. Oh, and an occasional break does … Continue reading

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Out with the Treasuries, in with Corporates!!!

Is it time to gravitate towards U.S. corporate bonds and get out from the behind the sanctuary of treasuries? Many argue that the recent drift upwards of the benchmark 10-year treasury yield is a blip. Others believe that it is … Continue reading

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Move into equities and QUICK! Sell HI & Buy LO!

For the cynics (the ‘wait-and-see’ crowd) this table should be an eye-opener.  Just to recap: On Sept 29th I posted Asset Allocation points to RALLY! On November 17th I recommended Euro-Crisis is just noise – BUY American! Forget the headlines … Continue reading

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Euro-Crisis is just noise – BUY American!

While everyone is obsessed with the financial crisis in Europe, and occasionally China, the real story is in America.  The global market may seem to be on thin ice, but the U.S. recovery is on a solid footing. I argued … Continue reading

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Great News! The consumer is miserable and shopping!

On August 31st, when we learned that consumer confidence had plummeted to rock bottom levels, I said (in the posting Consumer – lower confidence is GOOD news!): “What’s important, is that optimism concerning stock markets is far more warranted when … Continue reading

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