Tag Archives: hedge funds

Stock Prices Will Grind Higher

After being long and wrong in 2007 and 2008, I have been correctly bullish on stocks for the last few years, arguing they would scale the proverbial wall of worry. Bonds, on the other hand, have looked to me to … Continue reading

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Greater Bond Market Volatility Ahead

I agree with comments that RBS’s Alberto Gallo made to Bloomberg in the past few days. Later this year we are likely to run into heightened bond market volatility, which may well hit stock prices for a while. We could … Continue reading

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What’s the Catalyst? — Wrong Question for Long-term Investors

One advantage of being a geezer on Wall Street is that you’ve seen a lot of markets and the different ways people can think about stocks.  In the mid-1980s everyone was looking for “restructuring plays” that a junk-bond financed corporate … Continue reading

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Hedge Fund Madness–Providing a Way to Diversify Out of Sound Investments

On Friday the S&P 500 dropped 1.25% and the NASDAQ fell 2.6%, driven by a sell-off in momentum names such as biotechs, FB, TWTR, AMZN, TSLA, etc.  There was forced selling as leveraged hedge funds and other speculators liquidated positions.  … Continue reading

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Create Your Own Conglomerate, Part Deux

Back in June I argued investors should create their own conglomerate by assembling a diversified portfolio of high quality companies.  Michael Crook of UBS provides a potent factoid validating this strategy. He calculates: “After accounting for inflation, $100 invested in … Continue reading

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Stock Avoidance Syndrome: Positive for Disciplined Individual Investors

100% in Equities? In February 2012 one of the very few Wall Street executives whose stature actually increased during the financial crisis, Blackrock CEO Larry Fink, told Bloomberg why he liked stocks: “I have been pretty consistent on this since … Continue reading

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