The Oh-So-Sweet Sleep of the Certain

Recently I had the opportunity to review the investment results of two different money managers who had correctly called the market top in 2007 and by January of 2008 had safely invested 100% of their investment capital in cash. The resulting investment results are, as you can imagine, spectacular. Both firms are quantitative in nature,…

Steel Magnolias

For the calendar year 2009, steel stocks have the led the stock market higher. Most stocks in the sector have posted well over 100% gains. To put those gains in context though the stocks still need to rise another 250% to reach their May 2008 peak levels. Steel stocks sold off heavily last year before…