Blog

Month: June 2016

“Stocks are undervalued.” “Stocks are overvalued.” These are two of the most common sayings on financial TV, trumpeted by bullish and bearish pundits on a daily basis. What value do they provide to the average investor? At best, none at all, and at worst they may lead some to take deleterious action in their portfolio. […]

Amazing what a difference a day makes.  On Tuesday of last week, I wrote the below article which was set to be published on Marketwatch.com for the following day.  Unfortunately, there were some technical issues during the submission process, and I got too busy to try to re-submit the writing Thursday.  It turns out with […]

There is No Impossible in Markets

“Nothing is impossible. The word itself says ‘I’m possible’!” – Audrey Hepburn Ireland’s 5-year bond yields are negative. In 2011 they were yielding over 17% and deemed a “dead cert for default.” The 20-year bond yield in Switzerland is negative, as is the 10-year bond in Japan and the 9-year bond in Germany. Even Italian […]

“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. […]

Crude Oil is at its highest level since last July. Meanwhile, the U.S. Dollar Index is not far from its lowest level since early 2015. Looking at the chart below, they seem to be polar opposites in recent years. The monthly correlation between Crude Oil and the Dollar Index (going back to 1983) is -.21, […]