Subscribe

Get the latest investment articles in your inbox.

Hong Kong Retail Sales Takes a Nose Dive

What happens when your stores are blocked with protestors every weekend. Hong Kong retail sales have tanked since protests began.  In the months leading up, retail sales had been contracting year-over-year for four consecutive months. The reading for May came in at...

Dumb Money Back to Confident and Fear Missing Out

Be careful out there. Risk is rising as the DUMB money is on the loose. Jason Goepfert's blog, Sentimentrader.com, keeps you up to date on how confident DUMB and SMART money are at a given moment. When DUMB money is relatively confident, measured as the red line below...

STOCK MELT UP COMING FROM BOND SELLING

Higher treasury yields = selling of treasuries.  Selling of treasuries = proceeds that typically get reinvested in equities.  Reallocation of funds from the bond market to the stock market = exactly what we've been witnessing for the past several months, a...

POSITIVE EARNINGS ESTIMATE REVISIONS HIT TEN YEAR HIGH

Chart of the Day:We’ve been noting recently that bullish sentiment from the American Association of Individual Investors (AAII) has finally exceeded 50% after nearly three years below that level.  In today’s Chart of the Day, we wanted to highlight another sentiment...

MOST HEDGE FUNDS DON’T CARE ABOUT CARRIED INTEREST LOOPHOLE

Private Equity and Real Estate Funds Benefit - Not Most Hedge Funds There is not a "carried interest loophole" for hedge fund managers! Hedge fund managers pay the same tax rates on long-term capital gains as everybody else - 23.8%. Most people consider it a loophole...

Why is everyone so afraid? Another cluster of DJIA Records.

Chart of the Day:It is the dog days of August, so we wouldn’t fault anyone for not noticing that the DJIA has been up for nine straight trading days (through Friday) and has seen record high closes on each of the last eight.  As shown in the red lines of the chart...

Value Investing: Back to the Garden

In the beginning, there was the idea of investment – straightforward, unconstrained investment – whose goal was to maximize long-term after-tax returns...PERIOD It was a simpler, happier time when the essence of investment was to seek out value; to buy what was cheap...

1st Half Update: ValueAligned Hedge Fund, Portfolio

1st Half Update: VAP Hedge Funds, Portfolio The ValueAligned Hedge Fund was up +7.9% in the first half of 2014, and that compares to +1.0% for other stock hedge funds like ours, as measured by the HFR Equity Hedge Fund Index. The ValueAligned® model portfolio that is...

Big Investors Miss Out On Rally Since 2009

Big Investors Are Missing Out Learn how big investors are missing out on the opportunity to grow their assets because of a continuing fear of the stock market. "It was pretty startling when I looked at the numbers how little ... big endowments -- Harvard, Yale,...

Hedge fund is +6.0%; ValueAligned Model Portfolio +5.2%

Mergers & Acquisitions Power VAP Portfolios Mergers & acquisitions are mostly to thank for our YTD results through May 31, 2014. The hedge fund is +6.0% year to date, while other stock hedge funds are down -0.3%. The ValueAligned model portfolio is up +5.2% on...