Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


Archives by tag

Equity Mania Reaches Fever Pitch As Even Famed “Value Investors” Throw In The Towel On Shorts

Once upon a time, the chart below would have resulted in value investors loading up on short positions, or at the very least moving money to the sidelines, while poking fun at the ‘momo’ crowd for once again convincing themselves that “this time is different” as they chased equities ever higher.  Alas, as Bloomberg points […]

The Rude Awakening Of Slumbering Bulls

Authored by Lance Roberts via RealInvestmentAdvice.com, Near the end of each year, Barron’s magazine highlights the outlooks for the next year from 10, or so, Wall Street strategists. As noted recently by Sentiment Trader: “Strategists are a little more optimistic than the Big Money was, forecasting a gain of around 7% for the S&P 500 […]

What Causes Asset Bubbles?

As we showed yesterday, the price of bitcoin has finally surpassed "Tulips" in the global bubble race. Overnight the former Bridgewater analysts Howard Wang and Robert Wu, who make up Convoy Investments, released their thoughts on what happens next… and most importantly, what causes asset bubbles… When we see a dramatic rise in asset prices, […]

Bloomberg Has Identified Buffett’s Successor At Berkshire Hathaway (It Thinks)

Normal 0 false false false EN-GB X-NONE X-NONE Normal 0 false false false EN-GB X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:”Times New Roman”; mso-bidi-theme-font:minor-bidi; mso-fareast-language:EN-US;} /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table […]

UK’s Top Fund Manager: “So Many Lights Flashing Red, I’m Losing Count”

Neil Woodford is the founder of Woodford Investment Management, with $20 billion under management, and was appointed a Commander of the Order of the British Empire (CBE) for services to the economy in the Queen’s 2013 Birthday Honours List. However, he’s not very happy in his latest outlook for equity markets, nor is he happy […]

Tax Reform Rotation

Authored by Kevin Muir via The Macro Tourist blog, I have often said that as traders, it is not our job to pass judgment on what should be, but, instead, to take advantage of what is. I will try to stick to that mantra when discussing the US tax “reform” package, but I must admit, […]

SocGen: Asian Equities Are So Awesome, A China Minsky Moment Is “Manageable”

If we’re going to discuss Asian equities in the context of “awesome”, we should begin with Tencent. Tencent, which has more than doubled this year, drove Asian stocks higher during Tuesday’s trading session. Trading on the main board of the Hong Kong Stock Exchange hit a 28-month high of HK$157 billion with one fifth of […]

Traders Puzzled After Chinese Media Warning Triggers Market Selloff

Overnight we highlighted that despite a massive weekly net liquidity injection by the PBOC (which ended on Friday when the PBOC drained a net 10bn in liquidity) Chinese stocks failed to hold on to Thursday’s gains, and resumed their slump…   … headed for their worst week in 7 months.   However, it was more […]

Finnish Fund Manager Launches ‘Buffett-In-A-Box’ A.I.-Based Fund… There’s Just One Thing

Amid the empty-vessel-driven "deep-learning", "artificial-intelligence", and "algorithmic" narratives-du-jour, more and more fund managers are jumping on the bandwagon. The latest is Finnish fund manager FIM, who is introducing the first investment fund in the Nordic region, where a self-learning algorithm gets to pick all the stocks. As Bloomberg reports, targeting returns of 3 percentage points […]

Einhorn: “None Of The Problems From The Financial Crisis Have Been Solved”

A month ago, a downbeat David Einhorn exclaimed "will this market cycle never turn?" Despite solid Q3 performance, Einhorn admitted that "the market remains very challenging for value investing strategies, as growth stocks have continued to outperform value stocks. The persistence of this dynamic leads to questions regarding whether value investing is a viable strategy. […]

The 12-Point List To Identify Value Traps

Submitted by Nick Colas of Datatrek Research Poor, Poor Pitiful… Value Stocks "Value trap". That’s a phrase we haven’t heard much in recent years, but GE seems to be bringing it back. And as we looked at the dramatic outperformance of growth stocks over value this year, it is clear that there are many such […]

More New Normal – Buy Bloomberg’s “Bubblicious” Index Of Bubbles – Make Out Like A Bandit

If only every year was this “easy”. Unfortunately, the old adage of the trend being your friend becomes harder to adhere to as a guidepost as one asset market after another goes into bubble territory. As we discussed here, Alberto Gallo of Algebris Investments has ranked (see here) the top 14 bubbles worldwide, according to […]

‘Value Investing’ Deadpool

Authored by Kevin Muir via The Macro Tourist blog, I sure hope Julian Robertson is a Ryan Reynolds fan. And although I doubt the MacroTourist Letter is on the legendary hedge fund manager’s daily reading list, if he happens across this post, Julian (and the rest of you on the board) – know it was […]

“I’m Out Of The Game” – Traders Abandon China As ‘National Team’ Kills Equity Market

While all eyes have been focused on the collapse in US equity market volatility and its unending upward ramp in the face of 'event risk' large and small, the complacency has crossed the Pacific and crushed China's stock markets to a shadow of their former selves. While we noted yesterday the seasonal tendency towards lower […]

A $1.5 Trillion “Quantamental” Market Opportunity

While the debate rages if retail investors have eased on their boycott of the stock market, making it increasingly difficult for institutional investors to dump their holdings of risk assets to Joe and Jane Sixpack even as active investors continue to suffer unprecedented redemptions amid a historic shift from active to low-cost, factor-driven passive management, […]