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iShares Silver Mining ETF Allocation Increased
The price of silver has been declining due to rising...
- Posted March 30, 2021
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ViacomCBS Re-initiated
About five weeks ago the entire position of ViacomCBS (VIAC)...
- Posted March 26, 2021
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Rich Bernstein Negative on Tech as Rates Rise
Rich Bernstein, CEO and CIO of Richard Bernstein Advisors, warned...
- Posted March 18, 2021
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Oil & Gas Exploration & Production ETF Allocation Reduced
The SPDR S&P Oil & Gas Exploration & Production ETF...
- Posted March 5, 2021
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Gold and Silver Mining ETFs Allocation Increased
Gold and silver mining stocks, along with precious metals prices,...
- Posted March 3, 2021
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ViacomCBS Sold
On February 17, 2021, the entire position of ViacomCBS (VIAC)...
- Posted February 19, 2021
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iShares Global REIT ETF Sold
Investor euphoria/greed has been elevated with the extension of the...
- Posted January 20, 2021
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Indexes, Currencies, Commodities & Rates
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iShares Silver Mining ETF Allocation Increased
The price of silver has been declining due to...
- March 30, 2021
- 0
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Rich Bernstein Negative on Tech as Rates Rise
Rich Bernstein, CEO and CIO of Richard Bernstein Advisors,...
- March 18, 2021
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Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
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Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
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Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
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T.T.S. Fear Index
Based on a scale of 1 (major complacency) to 10 (extreme fear):
Current and Selected Past Readings:
Date | Index | SMA Comment |
1/20/2021 | 2.3 | Massive stimulus and Fed support have nearly eliminated fear |
3/23/2020 | 7.0 | Coronavirus and oil price war panic investors to the highest level of fear since October 2011 |
12/26/2019 | 2.3 | Lowest level of fear in nearly two years (January 2018) |
12/21/2018 | 6.7 | Raised fears likely setting up a buying opportunity |
1/11/2018 | 1.8 | Unusually low fear could mean we're near the top in valuations |
1/13/16 | 6.3 | Terrible start to 2016 raised fears |
10/3/11 | 8.5 | A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense |
3/9/09 | 7.0 | Market bottom (S&P 500 @ 666); end of the world was nigh |
10/27/08 | 8.8 | Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers |
10/12/07 | 3.2 | Market top (S&P 500 @ 1,562); worldwide housing bubble pricked |
Year-to-Date Performance as of February 24, 2021
Stock Market Advantage (SMA) Porfolio Versus Major Indices
Index/Portfolio | YTD % |
SMA Portfolio | 18.7% |
S&P 500 | 4.8% |
U. S. Small Caps | 12.2% |
Total U. S. Stock Market | 6.0% |
Total Int'l Stock Market | 6.0% |
Total U. S. Bond Market | -2.4% |
Heebner, "I’m a bull on the U. S. economy"
Ken Heebner, considered a fantastic fund manager and generally smart guy by many, in an interview published by the Boston Globe a couple of days ago, expressed his optimistic view on the economy.
Excerpt:
What do you expect US growth rates to be? And inflation?
Our economy will surprise us on the upside, growing between 2 to 4 percent over the next 12 months. I’m a bull on the US economy. Clearly housing has been a negative, but there’s only four states where they walked housing prices to Never Never Land, and now it’s coming back to a realistic level. Because of increasing demand from these developing economies, I can see, three years from now, inflation approaching 10 percent.
How can you be such a bull on the economy and say inflation could be such a potentially big problem?
I didn’t say it’s a big problem. In the 1970s and 1980s, when inflation was high – we made good money investing in stocks in that period. I’m running a portfolio. I’m not running the country. The challenge inflation presents is that price-to-earnings ratios tend to decline. So when you invest money, you want to have enough growth to offset that compression.
The complete interview —
http://www.boston.com/business/articles/2008/07/06/portfolio_manager_casts_an_optimistic_eye_on_economy/
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