Over the last few weeks I have highlighted several changing market concerns. We worried about the government shutdown and the debt ceiling. More recently my emphasis has moved from earnings and seasonal worries, to the possibility of a year-end rally. Last week we highlighted the "bubble talk" and that proved to be a big theme. […]
Continuing with the Eight Traits of the Insightful Investor…. The Insightful Investor is open to other viewpoints. Every question can be approached this way. It is a useful investment skill, but it requires discipline. It is so easy to fall in love with your own ideas and positions. It is especially dangerous when you mix […]
In the early days of television (starting in 1955), one of the most popular programs was The Lawrence Welk Show. The audience demographic can be inferred from the sponsors, which featured Geritol (which addressed the issue of "tired blood"), Polident (for dentures) and Serutan (spell it backwards). The effervescent dance sound from Welk's orchestra was […]
Last week I asked whether it was time for the regular year-end rally. This was a pretty good guess about the media focus for last week. With little fresh data on the calendar, it is open season for pundits. Here are the themes I see: Technical traders who see a short-term top; The regular parade […]
Continuing with the Eight Traits of the Insightful Investor – The Insightful Investor looks beyond the headline. There is no substitute for reading carefully and critically. Today's news provides a fine example. There is an interesting research note from Bank of America Merrill Lynch. (Am I the only writer frustrated by needing to use this […]