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The Fed as a Fig Leaf

posted to A Dash of Insight on Thu 23rd May 13

Everyone who has been wrong about the market has now joined in a familiar refrain: The Fed is printing money. It is the only thing holding up stocks. It will all end badly. Background A little research on these sources shows that as of a few months ago their
Weighing the Week Ahead: Are You Ready for Some Fedspeak?

posted to A Dash of Insight on Sat 18th May 13

Ready or not, we should expect a week dominated by an even greater focus on Fed policy. There are four reasons: The economic data calendar is very light; Earnings season has ended; Many will be heading for the exits early, anticipating a holiday weekend; and
A Flaw in the Tepper Analysis

posted to A Dash of Insight on Tue 14th May 13

When David Tepper speaks, the market listens. In Autumn, 2010, Tepper, the highly successful billionaire hedge fund manager, explained that for stock investors, the Fed had your back. Using options jargon he said that there was a "put" (downside protection)

The Employment Report and the Birth/Death Adjustment

posted to A Dash of Insight on Thu 6th Aug 09

Nearly everyone interested in the markets pays special attention to the monthly employment situation report. Briefing.com gives it the highest rating for importance. CNBC commentators today said that everyone was breathless, waiting for the announcement. (This
Book Review: The Big Short by Michael Lewis

posted to A Dash of Insight on Tue 24th Aug 10

I have been reading books about the financial crisis, and I plan to write a review of each. A reviewer should have an audience in mind. Mine is the financial community, especially those of us wanting to learn. I look specifically for what lessons we might find
What Can You Know, and When Can You Know It?

posted to A Dash of Insight on Wed 11th Aug 10

Access to information is crucial for investors and traders. Even a small advantage in timing can make a big difference. An enduring theme is access for the "little guy" versus big-time traders.An interesting chapter in that story is playing out with little

Links for 05-19-2013

posted to Economist's View on Sun 19th May 13

Old-fashioned Austerity - Paul KrugmanThe 1 Percent Are Only Half the Problem - NYTUnconventional Monetary Policies - The Irish EconomyFor Stock-Picking Advice, Dont Ask an Economist - Greg MankiwThe Week Ahead: Ready for Some Fedspeak? - Dash of InsightCookbook
Friday links: bear insurance

posted to Abnormal Returns on Fri 24th Sep 10

The David Tepper rally. (Dealbreaker, Pragmatic Capitalism, NetNet, Market Folly)Resistance has become support. (Stock Rabbi also Trader’s Narrative)Has macro investing killed stock picking? (WSJ, Money Game, Capital Spectator)Has sentiment gotten a touch
Friday links: not dead yet

posted to Abnormal Returns on Fri 17th Sep 10

Stock pickers aren’t dead yet. (Crossing Wall Street)Where do we stand on the “investor sentiment cycle“? (Kirk Report also A Dash of Insight, VIX and More)What is a reasonable rate of return on equities? Think 6% not 11%. (Marketwatch)Junk