Yale Endowment Manager: Index
Among individual investors, David Swensen isn’t a household name. But he is an icon in the world of big institutional money...
The Latest – but Not Greatest – Thing: SPACs
What would you think of forming a company to buy those private firms that that have already been looked over and rejected by the best...
Apprenticed Investor: Time Waits for No One
The latest "Apprentice Investor" column is up: Time Waits for No One. It asks the question "Have you made sure the...
The Fog of Katrina
The task of calculating the enormous damage from Katrina – in Human lives, in property damage, and in economic terms – continues. As...
Sometimes, There is No Pony
Wall Street has been sifting through the horrific reports out of the Gulf of Mexico. Their rose-colored glasses allowed them to see...
A few words on Richard Russell
More than a few of you have emailed me about Richard Russell’s "Bullish reversal." Jeff Saut made short work of that...
Delayed Onset: Some Historical Comparisons
I wanted to address some of the historical comparos as to why the market has been moving higher, despite what is obviosuly (at least to...
Sector Analysis
As long as we are pulling out the key graphs from that Rydex pdf, here’s another interesting chart: > Historical Betas of...
DJIA 1966 – 1982
The previous chart reveals the long standing secular moves of the markets; What’s an investor to do during one of the long periods...
Market Cycles: 100 Year DJIA
Yet another look (see prior takes here and here) at the concept of market cycles. The past century shows alternating Bullish and...