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!
[…]that will be the finish of this article. Right here you will locate some internet sites that we believe you will appreciate, just click the links over[…]
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.
Sacramento Taxi airport
[…]Every once inside a whilst we opt for blogs that we study. Listed below are the most up-to-date web-sites that we choose […]
ASSCHER
[…]that will be the end of this article. Here you will obtain some web pages that we believe you will enjoy, just click the links over[…]
how to have a threesome
[…]Sites of interest we’ve a link to[…]
Sports news
[…]always a major fan of linking to bloggers that I appreciate but do not get lots of link really like from[…]
prazdniki v kazahstane 2011
[…]always a large fan of linking to bloggers that I like but do not get a lot of link really like from[…]
strap-on dildo
[…]that will be the finish of this article. Right here you will locate some internet sites that we believe you will appreciate, just click the links over[…]
prazdniki 2018
[…]usually posts some really exciting stuff like this. If you are new to this site[…]
trah_net_621
[…]The facts mentioned in the post are a few of the top available […]
women wearing strap ons
[…]we came across a cool web-site that you may well delight in. Take a search when you want[…]
sasha grey sex toy
[…]check below, are some absolutely unrelated websites to ours, having said that, they are most trustworthy sources that we use[…]
online business
[…]always a big fan of linking to bloggers that I like but do not get a lot of link adore from[…]
install america
[…]very few sites that occur to be in depth below, from our point of view are undoubtedly nicely really worth checking out[…]
ejaculating dong
[…]that may be the finish of this report. Here you will come across some web-sites that we assume youll appreciate, just click the links over[…]
Fire Prick
[…]check below, are some entirely unrelated internet websites to ours, nonetheless, they’re most trustworthy sources that we use[…]
giant dildo
[…]that may be the finish of this article. Here you will uncover some websites that we think youll appreciate, just click the hyperlinks over[…]