That’s what this Bloomberg article suggests:
Weak Dollar Illusory as Correlated Trade Shows Gains
It is always beneficial to confront our own beliefs and analyses. For those of us fearing for the long-term future of the US economy, this article puts a different light on the widely disseminated fact that the dollar has lost most of its [...]
The first big deal in the energy E&P space was announced yesterday as Exxon Mobil struck an agreement to buy XTO Energy. While I do not have a vested interest in either party, this deal has some implications for the energy markets and our largest position, Chesapeake Energy (CHK).
Exxon’s move into the US natural gas [...]
All alliteration aside, two interesting articles popped up this morning on the VIX index, the so-called fear gauge for stocks.
Mark Gongloff pens a fairly pedestrian piece in today’s Wall Street Journal, suggesting possible complacency in the stock market as traders enjoy the holidays. The year-end holiday trading action is well-known and markets tend to drift [...]
THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET
Enlightened-American Portfolio: +37.7% YTD (my actual IRR, including cash balance)
DJIA: +17.9%
Nasdaq: +36.0%
S&P 500: +21.3%
DJ Wilshire 5000: +16.9%
Russell 2000 (smallcap): +12.7%
Our portfolio lagged the broader market during November but continues to outpace the major indices for the year. In any case, I implore members to take caution against focusing on monthly or even [...]
OK, that has to be one of the most misleading post titles ever but I couldn’t resist. Seth Klarman recently held the first-ever Baupost Group annual meeting after two-plus decades of existence. At the meeting, Klarman shared his views on the markets, housing, investment strategies and more.
For those who may need an introduction to Seth [...]
View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through October 31, 2009.
THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET
Enlightened-American Portfolio: +33.5% YTD (my actual IRR, including cash balance)
DJIA: +10.7%
Nasdaq: +29.7%
S&P 500: +14.7%
DJ Wilshire 5000: +16.9%
Russell 2000 (smallcap): +12.7%
(What's this?)
Dow 10,000: Buy it, Or Sell [...]
