I thought it would be a good time to update the timing model I’ve discussed on the blog before. The model is based on 200-day moving averages and is called the Ivy League Portfolio. See Mebane’s website for more details. I also highly recommend his book on the topic. While Read more…
I’m sure it won’t surprise many value investors that stock correlations are at an all time high. It’s not like value investors need even more challenges thrown in their face. There were two posts late last week that showed data on this rise in correlations. Lets take a look. First, Read more…
Today I wanted to update my top 3 contrarian indicators. The market selloff continues and looking at contrarian indicators can give an investor an edge in determining the right time to buy. I introduced these indicators in this post; money flows; investors sentiment, and margin debt. Lets see what they’re Read more…
With all the discussion of the current economic situation in the US, jobs, deficits, etc.. it constantly amazes me how short term oriented and myopic investors can sometimes be. In this regard I think we could gain some insight by looking at what’s happened in Japan since 1990. Barry Ritholz Read more…
Its pretty common investment wisdom that a bull market hides a lot of mistakes. Companies of all types, quality, and sizes go up together. Fortunately, this doesn’t last forever. Tough markets tend to separate the wheat from the chaff and expose any weaknesses in business models, cost of capital, etc… Read more…
Earlier this week my wife and I were discussing the stock market events that were taking place in front of us; markets gripped by political intrigue, both domestic and overseas, violent swings in volatility, slowing economic growth, and lots of uncertainty. I then started telling her about what my plan Read more…
It’s time again to update mREIT earnings results. All of the mREITs that I track have now announced Q2 2011 earnings with MFA finishing up the announcements this morning. Instead of doing separate posts for each of the 7 mREITs on my list I decided to do a summary post Read more…
It’s time again for the monthly update of the income investor dashboard. July was an exciting month with stocks dropping in general, bonds defying the consensus chorus and rallying, and volatility spiking higher. Below is the updated income investor dashboard. As usual the highlighted green cells are for those areas Read more…
Yesterday was sure an interesting day for the mortgage REIT (mREIT) market. Early in the morning trade investors seemed to be fleeing mREITs. At one point the biggest mREIT, NLY, traded down 18% from its opening price then came back to close down about 3% for the day. This was Read more…
My apologies for the lack of posting lately. I’ve had some significant repair issues with the RV and have been spending most of my time at a repair shop and re-routing travel plans for the next 2 months. So, I figured I’d jump in with a post on my favorite Read more…
Earnings season for the MLP sector officially got underway last night with Kinder Morgan reporting Q2 2011 results. The highlight of the release was a distribution increase to $1.15 per unit or $4.60 annualized. KMP currently yields 6.3% on this dividend. From the release: HOUSTON, July 20, 2011 – Kinder Morgan Read more…