Academia vs Technical Analysis

There’s a guy I know who runs a long/short fund and all day long he tells me he’s buying and selling stocks. But he disdainfully refers to technical analysis as “magic” and insists it’s irrelevant. I have no idea, then, what he is basing these intraday buys and sells on. Can’t be “valuation” because things…

Escaping the Fear Factory

Are the birds chirping? Is tranquility close at hand? There are many who believe so or at least admit that they can see it in sight. The world is awash in liquidity and opportunity abounds in every region around the world: Distressed investors in Europe are now reaping the benefits of their midnight maneuvers where…

Bull Market Returns Almost Entirely Dependent on Duration

Every once in awhile a comet shoots across my screen and in an instant I become aware that I’m seeing something special. In this case, it’s a research report from Lighthouse Investment Management’s Alexander Gloy that reaches an conclusion so brilliant in its obviousness that everyone ought to be aware of it. I want you…