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All posts tagged "business development company"

Prospect Capital Removed From the SMA Portfolio
I decided to sell Prospect Capital (PSEC) since it has rebounded 25% from lows reached earlier this month.
- Posted November 17, 2017
- 0
PSEC added to the SMA Portfolio
In a move that some may see as capitulation, I've decided to allow the SMA Portfolio more leeway to capitalize on opportunities provided by the market.
- Posted February 25, 2014
- 6

Position in Teekay Tankers Increased
Daily rates have dropped faster than expected in the oil...
- Posted June 25, 2020
- 0
Euronav NV Sold
On June 12, 2020 Euronav NV (EURN) was sold at...
- Posted June 22, 2020
- 0
Scorpio Tankers Increased
I made a decision to increase the allocation to Scorpio...
- Posted June 1, 2020
- 0
SandRidge Energy Sold
I decided to sell the position in SandRidge Energy (SD)...
- Posted May 28, 2020
- 0
Scorpio Bulkers Added and International Seaways Increased
As part of my new focus on profiting from the...
- Posted April 30, 2020
- 0
Diamond S Shipping Increased
Today I increased the allocation to Diamond S Shipping (DSSI)...
- Posted April 28, 2020
- 0
Nordic American Tankers Sold
Having achieved over a 100% gain in the stock of...
- Posted April 27, 2020
- 0

Position in Teekay Tankers Increased
Daily rates have dropped faster than expected in the...
- June 25, 2020
- 0
Euronav NV Sold
On June 12, 2020 Euronav NV (EURN) was sold...
- June 22, 2020
- 0
Scorpio Tankers Increased
I made a decision to increase the allocation to...
- June 1, 2020
- 0

Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
- 12
Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
- 8
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
- 7

Based on a scale of 1 (major complacency) to 10 (extreme fear): Current and Selected Past Readings:

Date	Index	SMA Comment
3/23/2020	7.0	Coronavirus and oil price war panic investors to the highest level of fear since March 2009
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