I was going to produce a more in depth look at how various markets performed over the past year but in doing so I would merely be replicating data others had already assembled. So I took the easy way out and just snipped theirs. The table below is a familiar one from Finviz and it…Details
I talked briefly about margin debt in my Is The Market Overvalued pieces This blog posting does a much better job at looking into the implications of margin debt than I did.
I found this site that gives a bit of a league table as to how various equities markets have performed over the past year.
I snipped the following from The Economist. It shows that the march to economic equality still has a very long way to go.Details
Bitcoin’s sudden rise has people thinking about the ludicrous heights that tulips achieved in the Netherlands in the 1630s. At the peak of that bubble, a single tulip bulb could cost more than ten times a craftsman’s annual salary. While some of these prices were “justified” by market forces—the rarest breeds were enviable luxury goods—the…Details
LB and I caught up with the funds management crew at RED the other day and were able to attend one of their client briefings. They were kind enough to allow me to copy their slide deck. The take home points for me. 1. Equities have positive momentum. 2. The great unknown at present is…Details