2009 Starts With A Dissonant Bang

As evidenced by last week’s thinly traded rally and action this morning, the stock market doesn’t want to stay down. By its nature, the winter holidays and the New Year imbue folks with a sense of optimism (except for those who get increasingly depressed during holidays, but I digress). I wouldn’t get too caught up [...]

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In the Bond Market, A Warning

The rise in the stock indices today may signal time for relief to some investors but there is a serious warning being sounded in the bond market. Late last year, I published a couple of posts (here and here) noting that some pundits were calling for the 10-year Treasury note to come down to 2.5% [...]

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Barron’s Chart Watcher Article

I don’t follow technical analysis too much but like most people, I am more than happy to click on any link that confirms my view of the world¬† Michael Kahn’s technical analysis article from Barron’s is interesting.¬† I don’t know about all that fancy mumbo-jumbo about double bottoms and whatnot but I do agree with [...]

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Indices Diverge

Today’s market action is a bit of a head-scratcher. Many of the major world indices (FTSE, Nikkei, All-Ords, TSX, etc.) are down at least 2 – 3%. Even the NASDAQ & S&P 500 are down around 2% but the Dow is holding ground at a slight loss. Energy sector getting sold off hard today. Probably [...]

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Portfolio Performance: +11.5% YTD as of 03/07/2008

As always, you can view the complete portfolio here: Enlightened-American Portfolio Last August during the first major credit dislocation, my portfolio took a bigger hit than the broader market which really disturbed me. During that time, the gold and energy stocks sold off really hard (and bounced back even harder) and while I expect volatility [...]

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The True Wall of Worry Resides in Commodities, Not Equities

A few peculiarities I’ve noticed about mainstream financial media: * Seemingly everyone is a contrarian. It doesn’t matter which argument, bull or bear, is being made, it is usually prefaced by “I’m a contrarian by nature” or some variation thereof. Obviously people don’t really know what that word means. * No one is ever called [...]

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