Blog
Asset Class Scoreboard Q1
A look back at the first quarter of 2015 shows that Managed Futures is relatively strong YTD. Attain Capital posted this chart showing the comparative performance of eight asset classes. via Attain Capital. It will be interesting to see how the next three quarters play out.
Knowing What To Do - Versus Doing It!
Approximately 12 years ago, former Secretary of Defense Donald Rumsfeld sent what was perhaps one of the great memos of all time. Titled "issues with various countries," it alludes to major Bush administration foreign policy challenges, and asks Undersecretary of Defense Doug Feith to fix them. Here is the memo. Identifying issues is
Is Margin Debt Growth Something to Worry About - Or Celebrate?
Margin debt hit a record of almost $465 billion on the New York Stock Exchange in February, as investors borrowed more money than ever to buy into the post-financial-crisis bull market. On one hand, that’s a good thing, for now, because it shows confidence. But, on the other hand, some traders believe that rapidly rising margin
Bill Gates: 40 Years in 83 Seconds
Bill Gates co-founded Microsoft, becoming the world's richest man. For his second act, he is becoming world's greatest philanthropist. Here is the letter he wrote to his employees on the 40th anniversary of Microsoft, last week. Tomorrow is a special day: Microsoft's 40th anniversary. Early on, Paul Allen and I set the goal of
Thoughts from the Market Technicians Association Conference
I recently attended the Market Technicians Association's Annual Symposium in New York City. It's always interesting for me to hang around with the leaders in our industry and to talk with other technical traders. This picture is with Barry Ritholtz, the founder and Chief Investment Officer of RWM. Barry did a great job
Stocks are the Most Expensive They've Ever Been
For what it is worth, the median stock in the S&P 500 is the most expensive it has even been. Moreover, many valuation indicators are now at "the highest ever, except 2000". Perhaps when the economy is truly booming, that might make sense … or be considered a good sign. At this point,