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Gold and Silver Mining ETFs Allocation Increased
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iShares Silver Mining ETF Allocation Increased
The price of silver has been declining due to...
- March 30, 2021
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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?
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Alarming Chart of the Stock Markets of 1987 and 2012-2013
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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% |
Russell Napier: Best Long-term Returns Available in Europe Currently
Financial historian and author of Anatomy of the Bear
, Russell Napier was interviewed by The Financial Times a few days ago.
Although Napier didn’t say he would be buying them now, he finds European stock markets attractively priced. He said some of the markets are back to the levels they were in 1982.
Napier said the trigger for a European market turnaround would be the countries establishing their own central banks and embarking on reflation.
Napier said he wasn’t so sure European equity prices would decline much upon countries exiting the Euro currency. He added if he could leave investors one tip it would be that equities can become so cheap that they discount just about everything. We’re getting close, but we’re not their yet said Napier.
Risks that investors can’t discount for is governments seizing company assets or the enemy bombing of cities according to Napier.
The interview (available at the source link) continued with Napier commenting on what would make the Greek stock market recover (reduction of bankruptcy risk), his view that things will get much worse in the U. S., and what could lead to a collapse of the U. S. Treasury market.
Source: FT.com
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