Trading in Our Scalpel for a Hatchet
Rick Vollaro | August 15, 2011
Somewhere during the last few weeks the weight of the evidence changed enough in our minds to declare that we are likely at the beginning of a new bear market. As always, the ultimate decision to call for a bear market was part quantitative, part qualitative, and part pure judgment. We wouldn’t single out any one data point in particular [...]
Read More →>Springing into Action
Carl Noble | August 12, 2011
>And we thought last week was volatile. Apparently, it was just a mild preview to this week’s fireworks in the stock market. Just in case you haven’t been paying attention, the daily S&P 500 returns so far this week are -6.6%, +4.7%, -4.4%, and +4.6% (through Thursday). Whew. If you’ve been following along, you probably noticed that there’s been a [...]
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Is it Time to Trim the Hedges?
Rick Vollaro | August 11, 2011
At the moment we have concluded as a firm that the higher probability is that we are in a new bear market rather than a severe correction like we witnessed last year. Therefore we have been busily crafting and re-crafting strategies to deal with this hostile period for the market. Luckily we have some hedges in the portfolio that are [...]
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