Clik here to view.
Macrotrader Melkman cometh
The Long and the Short: Save Your Bottlecaps.Aug.13 -- Ben Melkman, founder of Light Sky Macro, expects the Covid-19 pandemic will usher in a world of permanently low interest rates, huge deficits,...
View ArticleClik here to view.
New Fed Inflation Tact: May not Upset the Hellbound Cart
Learn every day especially from the experiences of others. It's cheaper! - John BogleThe Fed is taking a new approach to inflation in order to focus on full employment (?) after under-shooting its mark...
View ArticleChannel Maker - 2020 - The Sword Dancer
The Sword Dancer turf event at Saratoga..a race won by such vaunted steeds as Gallant Bob, Flintshire and John Henry .. enjoyed an exciting renewal this year, despite the raging pandemic, which...
View ArticleClik here to view.
No roar of crowd for Authentic, winner of 2020 Kentucky Derby
We missed out on Tiz the Law Travers. He looked the best, but the money was short. It's shorter now in this Kentucky Derby.BackgroundAs winner of the Travers, Tiz the Law is the first horse (maybe in...
View ArticleWhy is investment so low?
Why is investment so Low? Could it be the 'rich love their money'? Or, as formulated by Thomas Picketty r > g (for 'the rate of return on capital tends to exceed the rate of economic growth'). Some...
View ArticleCoined phrases
What are the most useless phrases in finance.I'll share a few of mine: Risk On / Risk Off Don’t Get ComplacentProfit Taking110%What are some of yours?— Barry Ritholtz (@ritholtz) September 16, 2020
View ArticleClik here to view.
Emerging Market Bonds Re-Emerging?
The Wall St Journal sees evidence bond investors are re-entering emerging markets. Inflows into emerging-market bond mutual funds have hit 10 consecutive weeks, the longest stretch since 2017. This...
View ArticleBLACK SWAN RISING
SEPT 23 - Six months to the day in March when the market broke hit a bottom, it did plunge. The Nasdaq and S&P 500 fell more than 2%, and all 11 of the major S&P sectors closed lower. Energy...
View ArticleClik here to view.
Goodbye, Yellow Brick Road
Now is always the hardest time to invest. - Bernard BaruchNine months into the year, and the market competitors are revving for the final leg.As Barron’s Forsyth points out, stats like “S&P is up...
View ArticleClik here to view.
Augured: The gold ship has sailed Or, Gold price rise slowdown?
The real world was ablaze during the week as a fly landed on the Vice President during debates and President Trump with Covid-19 lurched toward election night. The markets’ decline ended with solid...
View ArticleClik here to view.
This just happened.
Sean MacGowan's Immortal Choice comes through. BOTTLE OF SMOKE never far back to the second turn, bid three wide to the stretch, rallied in the drive and edged clear under steady urging.
View ArticleClik here to view.
Clik here to view.
Living it up while locking it down
Sell, by Jack Vaughan, circa 1977Most of the successful people I've known are the ones who do more listening than talking.” ... Bernard BaruchIt’s been a week since reports on Saturday Nov 7 fairly...
View ArticleClik here to view.
Something in the air
Before unpacking the December 21 issue of Barrons, I want to look back at December 14th issue.The decision all investors must make right now is how they stand in relation to the method of Index...
View ArticleTrue Timber Shows True Timber
A bit less robust a slate of horses in this year's Cigar Mile than in some recent years, but still one with compelling interest for the betting throngs.Among notable contestants were Performer (7-5...
View ArticleSkinny Dip Blip on the Screen
Markets have priced in a stimulus bill. Where are we going to be in 12 months? Valuations in risk off tech stocks have exploded. Next year as risk off is pulled back, cyclical trades and value buys...
View ArticleClik here to view.
First week of the new year
“Mob Storms Capitol” blares the WSJ headline Thursday. US Capitol Breached roars CNN. Still, the capital markets go up up up. But Gold is neither bull nor bear. The Capital is stormed but the ship of...
View ArticleClik here to view.
Week of Jan 11 - Mop up
The week before the inauguration saw Joseph Biden begin to take on the mantle of leader, outlaying a plan for medical and economic response to Pandemic. State Capitols are fortified and Wall Street...
View Article