Confessions of a Market Timer
Ken Solow | December 3, 2011
I am a market timer. I reduce portfolio risk and earn excess returns by selling securities that are overvalued and using the proceeds to buy securities that are undervalued. Once I couple the purchase of one security with the sale of another, I’m no longer a Buy And Hold investor, and must cheerfully and defiantly declare myself as a market timer. [...]
Read More →Chinese and U.S. Relative Strength
Sean Dillon | December 2, 2011
China may be sporting a 9.1% Year over Year Real GDP, but the stock market certainly does not reflect that strength. The chart below displays the S&P 500, which is the green line in the top chart, and the Chinese Stock market measured through FXI ETF, which is the red line in the top chart. It also shows the relative [...]
Read More →Central Banks to the Rescue
Carl Noble | November 30, 2011
Markets exploded higher today on the news of a couple big actions from global central banks. First was the report that China had lowered its reserve ratio by a half percentage point, indicating that it has now shifted to policy easing and boosting economic growth, rather than continuing to battle inflation through policy tightening (as they’ve been doing for the [...]
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