November 10, 2013

Housing Stocks in 2014?

McClellan has a great chart in his weekly column examining lumber as a leading indicator for housing stocks: “Housing industry stocks as a group appear poised to start a strong pop up into early 2014.  That’s the message from looking […]
November 3, 2013

Global Value Valuations

Alliance Bernstein is quickly becoming a must read for me. Quick chart then download: —- —- Link to Article Getting Back into Value Equities Website
October 27, 2013

How it All Works

I’m sure many of you have already seen these, but below is the video and accompanying 200+ page white paper from Bridgewater. Quick chart then download: —- —- Download PDF How the Economic Machine Works (PDF) Video Website
October 24, 2013

How Good are You?

My buddy Wes at Empiritrage & Turnkey Analyst just put out a fun new study going back to the 1920’s.  He wanted to know the answer to the question: “What if you had perfect foresight in picking stocks, and could […]
October 17, 2013

TIPS of the Iceberg

Ambassador Capital takes a look at TIPS, a poorly understood asset class.  They come to the simple conclusion – don’t buy them. Quick chart before the download: —- —- Download PDF TIPS of the Iceberg Website
October 14, 2013

The Worst Stock in the Market

I sat down for sushi with John Del Vecchio in Dallas this past week, and as always, it was an interesting conversation.  For those unfamiliar, John is a forensic accountant who worked for some of the most famous names in […]
October 11, 2013

Guide to Markets

I’m always a sucker for chart books, and we’ve featured JPM’s Guide to the markets before.  Here is their new quarterly update. Quick chart then the download: —- —- Download PDFs Guide to the Markets Website
October 7, 2013

Quant Summaries

It’s hard to keep up with all the academic literature out there.  I used to post summaries from AlphaLetters, some of the banks do research summaries, and CXO always does a good job. Below are two summaries from another source, […]
October 6, 2013

Reducing Turnover with Smart Beta

I saw an analysis a few months ago on rebalancing portfolios sorted on CAPE monthly, which really didn’t make a lot of sense to me.  Many long term valuation metrics need a little time to work out.  Brightman talks about […]
October 5, 2013

Sector and index CAPEs

Below is our quarterly CAPE update with sectors and indexes… —- S&P 500 24 EAFE & EEM both 15 —- Website
October 1, 2013

CAPE Updates

Below is our quarterly CAPE update with the frontier markets included. —- Country Latest Greece  3.48 Ireland  6.45 Argentina  6.54 Russia  6.94 Italy  7.78 Jordan  7.86 Austria  8.92 Pakistan  9.39 Hungary  9.52 Spain  9.52 CzechRepublic  9.88 Israel  10.04 Lebanon  10.09 […]
September 29, 2013

Sunday Reading

A fun read from Grant’s to print out during Sunday football…I’ll be in NYC, Chicago, and Dallas next two weeks if anyone wants to meetup! Quick pic before the download: —- —- Link to the PDF Grant’s August 2013 Website […]
September 27, 2013

Cloning Managed Futures

A fun guide on how to clone or index managed futures.  Why pay for a Winton when you can do it all yourself? —- —- Link to the Article Demystifying Managed Futures Website
September 26, 2013

Market Cap to GDP for Global

One of Buffett’s favorite indicators is stock market cap to GDP.  Below, Minerd looks at the indicator for global countries relative to their history.  Not surprisingly, lots of cheap countries out there… —- —- Link to the Article MKT CAP […]
September 25, 2013

Does CAPE Work on Stocks?

My buds Wes Gray and Jack Vogel  just put out a killer new paper where they asked the above question.  The simple answer is “yes it does”. The more interesting answer is 1) there are other cyclically adjusted measures that […]