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Volatility of an Impossible Object: Risk, Fear, and Safety in Games of Perception
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"The market is no longer an expression of the economy… it is the economy."
Artemis Capital Management, October 4th, 2012 , Christopher Cole
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Bearish Observations from a Leading Value Fund Manager
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"We have a tendency to be appropriately fearful, when we have cause, but usually too early."
FPA Crescent Fund, Quarterly Commentary, 2nd Quarter, June 30, 2012 , Steven Romick, July 18, 2012
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How Good An Indicator Was "The Death of Equities" Cover
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In his monthly outlook for August, famous bond investor Bill Gross declared that "The cult of equity is dying." Naturally, Bill Gross' comments brought up memories of the famous "The Death of Equities" BusinessWeek cover from 1979, and what a good buying opportunity that was for US equities.
Bespoke Investment Group, August 1, 2012
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Can It Really Be That Easy?
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"If the pattern continues, the S&P 500 could be set up for a nice rally to end the Summer. Will it hold? Only time will tell, but if the historical pattern has worked so far, what's to stop it from continuing?"
Bespoke Investment Group, July 29, 2012
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"Europe and Global Equity: It’s Better Than You Think"
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Some contrarian remarks from the ultimate value fund manager.
The Oakmark Funds, 05/22/2012 , David G. Herro
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Apple vs PIIGS
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As of April 2012, Apple was worth almost as much as all the companies In Spain, Portugal and Greece combined.
Investments Office; Birinyi & Associates
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These PIIGS Went to Market
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For the two PIIGS still going to debt market (Italy and Spain, the others have been bailed out), where are we now? Debt auctions so far have largely gone just fine, with ample coverage and falling yields.
Fisher Investments MarketMinder , 03.02.2012
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January Jonesing
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When January winds down, there’s one thing you can usually count on: A stream of articles touting the so-called January effect, which claims January’s returns will set the year’s course. Yet today, with one week till month’s end, a quick Internet search yielded only one.
Fisher Investments MarketMinder , 24.01.2012
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Foreign Holdings of U.S. Treasuries and U.S. Treasury Yields
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The Federal Reserve Board, Working Paper, 2012-1041 (January 2012) , Daniel O. Beltran, Maxwell Kretchmer, Jaime Marquez, and Charles P. Thomas
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A Web of Misperceptions
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A look around the web at some common misperceptions—and some alternative perspective to consider.
Fisher Investments MarketMinder , 02.01.2012
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