Another year in the books and I’ve updated my Investing Fads and Themesby Year guide accordingly. It begins with 1996 because that was my first summer working on The Street and my earliest exposure to the market.
So what was 2011 about?
Well, it was basically about Risk-On Risk-Off. Stocks were the most correlated they’d been in 80 years and by the fall it was shown that 84% of S&P 500 stocks were moving in the same direction as the S&P 500 each day.
This meant that investors could skip out on doing intense stock-specific research and just focus on getting the market right. In order to get the market right, one needed to pay closer attention to the euro versus the dollar more than anything else. When the euro was in favor, so were stocks and risk assets, when the dollar was in favor, stocks and commodities were schmeissed almost universally.
This seesaw arrangement meant paying attention to the headlines coming out of Europe – and none were more important than those mentioning Angela Merkel. As the chancellor of the Euro’s strongest economy (and shotcaller), Merkel has held the key to whether or not Europe’s monetary union and common currenc y would survive. We still don’t know as of this posting.
Dividend stocks were all the rage this year as interest rates remained low and bond yields remained paltry. This was easy to foresee and many of us positioned in the highest-yielding and most consistently paying sectors. The big winners this year were those who overweighted Healthcare, Telecommunications, Consumer Staples and Utilities.
Social media IPOs were also a major trend this year – on the bull side and the bear side. I correctly predicted this at the end of 2010 and I was not disappointed with the hype and headlines of these deals. LinkedIn, Groupon, Pandora and Zynga were the most talked about deals of 2011. Spectacular opening valuations gave way to gravity for many of them but the incessant interest in them has not yet abated. Besides, Facebook and Twitter are still waiting in the wings.
Anyway, here is my updated guide to the Investing Fads and Themes by Year, 1996 – 2010. Enjoy!
[…]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless really really worth taking a look, whoa did one study about Mid East has got far more problerms as well […]
[…]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely worth taking a appear, whoa did one study about Mid East has got far more problerms too […]
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
Subscribe & Reform
Get a Full Investor Curriculum: Join The Book List
Every month you'll receive 3-4 book suggestions--chosen by hand from more than 1,000 books. You'll also receive an extensive curriculum (books, articles, papers, videos) in PDF form right away.
legit work at home jobs
[…]we came across a cool web site that you simply could appreciate. Take a look for those who want[…]
G-Spot Vibrator
[…]one of our guests not too long ago encouraged the following website[…]
adam and eve sex toys
[…]below youll discover the link to some web pages that we believe you should visit[…]
earn money working from home
[…]just beneath, are various entirely not connected internet sites to ours, even so, they may be certainly really worth going over[…]
anal sex plug
[…]Here are several of the websites we advise for our visitors[…]
Buy android reviews
[…]The details talked about inside the report are a few of the most effective readily available […]
Σαλόνια
[…]the time to read or visit the subject material or sites we’ve linked to below the[…]
peru packages
[…]The data mentioned within the post are a few of the ideal available […]
peru vacation
[…]the time to read or visit the subject material or web-sites we have linked to below the[…]
sex toys for couples
[…]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless really really worth taking a look, whoa did one study about Mid East has got far more problerms as well […]
adam and eve sex toy
[…]please stop by the web sites we adhere to, like this one, because it represents our picks from the web[…]
free cash
[…]Every after inside a though we pick out blogs that we read. Listed beneath are the latest web-sites that we choose […]
sexy dress
[…]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely worth taking a appear, whoa did one study about Mid East has got far more problerms too […]
tips for weight loss
[…]The data talked about within the article are a few of the most effective obtainable […]
Anal Play
[…]check below, are some absolutely unrelated sites to ours, on the other hand, they may be most trustworthy sources that we use[…]