Creepin' While the Market's Sleepin'

But I’m smart, lay low, creep awhile
And when I see a punk pass, I smile

Man, wake me up when September begins!  Here we are in that time of year again and the market has gotten predictably slow other than some pockets of event-driven strength or weakness.  For every Netflix ($NFLX), which has put on a 40% plus gain in the last 2 weeks, there are 500 stocks slumbering like the Entish tree herders of Fangorn Forest.

So I creep.  The urgency to do something is virtually nil and I have no shortage of blocking and tackling to do on the business side in the meanwhile.

* I’m reading up on the latest S-1 filings as there appears to be a mini-boom in IPOs slated for the next month or so (ten companies have filed in just the last week).

* I’m watching the Treasury melt-up and adjusting some longer-term maturities in response.  I’m also checking out some high dividend payers in the blue chip aisle and kicking the tires on their coverage ratios as possible alternatives to sky high government paper.

* I’m marveling at the inflows in muni bond mutual funds.  Obama Inc just threw $26 billion at the states to keep them from having to layoff public sector workers.  This has aided and abetted investor inflows into muni funds at the second highest weekly rate of the year (a billion dollars last week, what’s up now?).

* I’m reading my friend Mike Bellafiore‘s new book One Good Trade and learning a lot about his firm SMB Capital and what it takes to make it in the prop trading world (I probably couldn’t cut it in that career).  Expect a review sometime this week when I finish it.

* I’m doing a lot of eating.  I know this didn’t need to be in here but I gotta keep it real with you guys.  This summer I discovered buffalo chicken pizza (with like a blue cheese sauce drizzled on it).  My tailor’s gonna need an astrolabe this fall.

* I’m still working on my long-term project of determining the best way to get frontier market exposure.  My hope is to some day have a percentage of all my portfolios invested in the frontier countries in the most efficient way possible.  I want to be early on whatever blows up post-BRIC.  There are a handful of vehicles around right now but none are focused enough on what I’m looking for.

* I’m also talking to clients every day but there isn’t all that much to discuss that they haven’t heard from me already this summer.  There is the usual griping about failed stimulus and non-existent risk-free yields on the money market funds.  A lot of my people are out enjoying themselves, visiting family, lake and beach houses, etc.  This is cool stuff to hear about.  I’m really in tune with everybody lately, which feels good.

So yeah, I’m just creepin’ while the market’s sleepin’…but that doesn’t mean there isn’t plenty to do while waiting for the Fall.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. bitcoin hosting commented on Sep 14

    … [Trackback]

    […] There you will find 83778 more Info to that Topic: […]

  2. bitcoin era login commented on Sep 25

    … [Trackback]

    […] Read More on that Topic: […]

  3. bitcoin era reviews 2020 commented on Sep 30

    … [Trackback]

    […] Find More on that Topic: […]

  4. Vape juice commented on Oct 09

    … [Trackback]

    […] Read More on to that Topic: […]

  5. Intelligent automation consultants commented on Nov 28

    … [Trackback]

    […] Here you can find 34197 additional Info on that Topic: […]

  6. quality engineering commented on Jan 19

    … [Trackback]

    […] There you can find 75036 additional Information on that Topic: […]

  7. Luma Comfort EC220W Manual manuals commented on Jan 20

    … [Trackback]

    […] Find More Info here to that Topic: […]

  8. Thermador PRD484NCGU manuals commented on Jan 22

    … [Trackback]

    […] Info on that Topic: […]

  9. Digital Transformation commented on Feb 03

    … [Trackback]

    […] Find More on on that Topic: […]