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As far as leadership since the start of the nascent US stock market correction on January 20 is concerned, it is interesting that cyclical sectors have been leading the market lower. Traditionally defensive sectors also declined, but to a lesser extent than the S&P 500 Index as a whole and the cyclical sectors. This is the type of pattern one would expect typically to emerge during a correction phase. [...]
Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly newsletter, this month entitled “The Ring of Fire”, therefore always makes for thought-provoking reading. Read on … [...] More on this topic (What's this?) Can You Profit From PIMCO’s World of “Total Returns?” (Wall Street Daily, 3/21/12) Pimco CIO: Is Spain a ‘Tumor’ on the Euro Zone? (Value Investing, 4/18/12) Pimco launches new active ETF for small investors (ETF REPORT, 3/1/12)
With the “Volcker Rule” regarding US financial regulation taking center stage, Paul Volcker’s response to questions on financial innovation at the “Future of Finance Initiative” six weeks ago makes for interesting viewing material. [...]
This week on Consuelo Mack’s Wealthtrack: successfully navigating Wall Street, investment strategy and stock picking with “financial thought leader” Bob Doll, BlackRock’s Vice Chairman, Global Chief Investment Officer, and manager of three highly respected large cap funds. [...] More on this topic (What's this?) Two Long-Term Investing Strategies That Work (and one that doesn’t) (Investment U, 4/25/12) Target Funds: Good in Theory, Bad During Market Volatility (Investment U, 4/9/12) Stock markets saved by bell from confirming next direction - like rabbit from hat? As price resis... (UnBiasedTrading (TM), 11/10/09)
“Deleveraging will take place on a global scale and will take many years to resolve. Japan has already suffered two ‘lost decades’ and has still not solved its problem. We expect this to take place globally and will continue to be painful. We honestly don’t want to be correct in this assessment for the global economy, but we can’t see how this deleveraging process and the consequences of the process be avoided,” said Comstock in this guest post. [...]
In “Fear the boom and bust”, John Maynard Keynes and F.A. Hayek, two of the great economists of the 20th century, come back to life to attend a conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it … [...] More on this topic (What's this?) That's one popular chart (The Mess That Greenspan Made, 1/11/10) Why Housing and the American Dream are Complete Scams (Blogging the Commodity Bull Market, 1/22/10) Here's What Happened to the Tech Stock Rally (Money Morning, 5/11/12) | ||||||||||||||||||||||||||||||||||||||||||||||
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