Last week, we discussed investors throwing caution to the wind, and the need take on defensive positioning. One week later, the bulls and bears are squaring off at the 200-dma line to see who will gain control.
For the last several years, Robo-advisors have been touted as the "holy grail" of investing. Unfortunately, the first major review of reveals they all failed their first big test of benchmark performance.
Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
Market pundits seem to have strong opinions about how fast or slow the economic recovery will be once it starts. Such clairvoyance is stunning given the uncertainty of the current GDP forecast, which is already two-thirds in the books.
With investors throwing investing caution to the wind, technically speaking, it's time to take on defensive positioning. Such was the warning we discussed in this past weekend's newsletter.
Often it is stated viewing something in hindsight is like having 20/20 vision. In this case, expectations of a "V-shaped" economic recovery will likely leave everyone disappointed.
The two previous 20-year secular bull markets begin with valuations in single digits. At the end of the first decade of those secular advances, valuations were still trading below 20x.The 1920-1929 secular advance most closely mimics the current 2010 cycle. While valuations started below 5x earnings in 1919, they eclipsed 30x earnings ten-years later in 1929. The rest, as they say, is history. Or rather, maybe "past is prologue" is more fitting.
Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
Speculators are dumping gold, which may actually be bullish. This judging from futures and alleged jewelry demand, the price of gold ought to be falling. But it isn't.