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Cliff Asness On Buybacks – Boosting Returns or Liquidating Companies?
Asset manager Cliff Asness recently wrote an op-ed piece in the Wall Street Journal wondering if those who decried companies buying back their stock didn’t suffer from “buyback derangement syndrome.”...
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Don’t Fear The Yield Curve?
In July of this year, James McCusker penned an article entitled “Don’t Fear The Yield Curve” in which he stated: “There are always a lot of things to worry about in our economy — short range and long...
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The Elephant In The Room: Share Repurchases
In a famous Indian parable [here] a group of blind men encounter an elephant. Since each blind man encounters a different part of the elephant (e.g., the tusk, the leg), there is a great deal of...
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Weekend Reading: Impeachment Risk
Yesterday, the President stated: “If I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking, you would see, you would see numbers...
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The Jackson Hole Pop – 08-24-18
The Jackson Hole Pop Still Long But September Approaches Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Jackson Hole Pop Get out...
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Why U.S. Stocks Hit A Record
The S&P 500 hit an intraday record of 2,876.16 on Friday, surpassing its January 2018 peak that occurred before the violent 12% correction that ensued in February. The official reason for Friday’s...
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Should You Ignore John C. Bogle?
Listen, I get it. When markets are rising everyone wants to be bullish. Why not? As Bob Farrell’s Rule #10 states: “Bull markets are more fun than bear markets.” It is also safer to be “always...
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Technically Speaking: The Bull Market Resumes…For Now
Back in April, I penned an article laying out 10-reasons why from a fundamental and technical perspective the bull market may have ended. To wit: “I think the 9-year old bull market may have ended in...
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Don’t Worry About Trump; Worry About Earnings
If you’re concerned about President Trump’s influence on the stock market you’re concerned about the wrong thing. That’s not because political leaders – and their problems — don’t influence stock...
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Running On Empty
We would like to introduce you to Sam and his finances. Currently, Sam does well for himself, earning $100,000 a year. Sam loves the good life, and to maintain it he consistently spends more than he...
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As Good As It Gets
“Only those that risk going too far can possibly find out how far one can go.” – T.S. Eliot I was reminded of that quote recently as I was reading a great piece by Tim Duy: “Federal Reserve Chairman...
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Weekend Reading: Are Emerging Markets Sending A Signal
I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters a recession, emerging...
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Bulls Hold Into Labor Day – 09-01-18
Bulls Hold Into Labor Day Pick A Side Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Bulls Hold Into Labor Day Last week, we...
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Fundamentally Speaking: Q2-Earnings Review & Market Outlook
With the markets closed yesterday, there is little to update you on with respect to the technical backdrop from this weekend’s missive. However, this is a good opportunity to review the fundamentals...
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Learning Emotional Control From This Year’s Market Moves
Labor Day Weekend has ended, and the year is two-thirds over That means it’s a good time to assess what has happened and where we stand in the markets. It’s also a good time to remember what you might...
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Kass: Fallen Angels & Lessons Learned
“Hello I Mr. Ed. A horse is a horse, of course, of course, And no one can talk to a horse of course That is, of course, unless the horse is the famous Mr. Ed. Go right to the source and ask the horse...
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What Turkey Can Teach Us About Gold
If you were contemplating an investment at the beginning of 2014, which of the two assets graphed below would you prefer to own? Data Courtesy: Bloomberg In the traditional and logical way of thinking...
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S&P 500 Monthly Valuation & Analysis Review – 08-31-18
J. Brett Freeze, CFA, founder of Global Technical Analysis. Each month Brett will provide you their valuable S&P 500 Valuation Chart Book. This unique analysis provides an invaluable long term...
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Experience Is The Only Cure
I recently penned an article which discussed the Fed and the risk of a monetary policy error in the future. This isn’t a possibility, it is a probability given that every Fed rate-hiking campaign in...
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The Most Important Asset Class In The World
Here we are, ten years after the bankruptcy of Lehman Brothers, and one would be hard pressed to find evidence of meaningful lessons learned. “As long as the music is playing, you’ve got to get up and...
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