Fat Pitches Few And Far Between

Another positive week for markets meant most stocks, including those on our watchlist, saw gains in share prices, leaving us on the sidelines once again. This week, I’d also like to direct members toward this Bloomberg article: Akre Adding Cash Joins Stock Pickers Looking Beyond Valuations In addition to noting these professionals’ movement toward a [...]

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Monthly Commentary: Wild Market Swings Continue

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +6.3% through Oct 1, 2010 (my actual IRR, including cash balance) DJIA: +3.9% Nasdaq: +4.5% S&P 500: +2.8% DJ Wilshire 5000: +4.4% Russell 2000 (smallcap): +7.1% Any worries about a September market dip  were heartily misplaced, with all the major indices racing to big gains. While many investors may [...]

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So Much For Scary September

So much for scary September. With stocks rallying near the year’s highs, our watchlist count dropped to the lowest number in a few months. A bit discouraging for bargain hunters but there are perhaps some signs the markets are getting close to something approaching normal. For much of the last 2-3 years, stocks seemed to [...]

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Opportunities In Healthcare Stocks

Another week, another ride — in this case, a ride up as the major indices got back to even on the year and erased 2010 losses. Since most stocks enjoyed gains last week, a fair number of stocks dropped off our watchlist and a few saw double-digit gains. However, we must remain unaffected by the [...]

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Trading Range Leads To Stockpicker’s Market

The market’s refusal to set on a clear course in either direction demonstrates the level of uncertainty now confronting the economy and investors. Whereas many pundits had previously posited economic recovery was clearly at hand, the latest round of economic data and indicators are forcing a double-take at such a hastily drawn conclusion. Today, the [...]

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Economic Dissonance In Corporate Profits

A passing sentence in Barron’s this week caught my eye and really highlighted the disparity I’m seeing between the macro corporate outlook and economic reality on the ground. Market analysts are predicting $96.43 of S&P 500 earnings in 2011, which would top 2006 as the record year for corporate profits. Yet a quick survey of the [...]

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