Margin Debt: Move Along, Nothing to See Here
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.
A Dodgy League Table
I found this site that gives a bit of a league table as to how various equities markets have performed over the past year.
Probably The Saddest Graphic I Have Seen This Year
I snipped the following from The Economist. It shows that the march to economic equality still has a very long way to go.
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How Many Tulips Can You Buy With One Bitcoin?
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…
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RED Market Update
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…
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Comparative Performance
It has been sometime since I looked at the comparative performance of various markets. I have taken these markets back to a nominal starting date of 13/03/09 which could be considered the date markets reversed after the GFC.
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