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excerpt from this week's report*: "The traditional method of fundamental analysis implies a market that is substantially undervalued. Even under a strong recessionary scenario of 12.5 times $72 (= 900), the current S&P 500 price produces a positive return. Only a deflationary scenario puts...
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excerpts from this week's report*: Technical Analysis "Last week’s market performance pushed the Moving Averages Scorecard to its worst level thus far, at 16.67% bullish. A potential key reversal might be forming in the Financials but there is still considerable work to be done before...
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commentary from this week's "Sector and Styles Strategy Report*: Back on February 11th I wrote a report titled “What are the Sell Side Analysts Smoking?” The commentary and report focused on the excessively optimistic outlook earnings forecasts for 2008 by bottom up analysts. Excessively...
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commentary from this week’s “Sectors and Styles Strategy Report”*: Unless one buys into the idea implied by the recent price action of US consumer related sectors (see pages 4 and 8*) that economic matters in the US are about to get much better, the only reasonable conclusion one can...
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"Last week’s tepid US market action belied the much stronger decline in global markets (see page 8 of the report). Additionally, emergent strength in US consumer related sectors was evident. The combination of the two was modestly offset by the exceptional performance in the Small Cap growth...
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commentary from this week's "Sectors and Styles Strategy Report : “Of all the newfangled financial creations that have caused problems this past year, arguably the most nerve-wracking are derivatives traded over-the-counter…” Economist August 8, 2008 And the beat goes on....
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The great value add in moderating events and conducting interviews is the ability to select the topics to discuss and questions to pose to some of the best minds in the investment, economic, and geopolitical worlds. So, here are a few takeaways from this Tuesday’s NYSSA Market Forecast luncheon...
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excerpts from this week's " Sectors and Styles Strategy Report " commentary: idiom: Betwixt and Between “neither the one nor the other; in a middle or unresolved position” The past ten days have seen a drift in US equities with a certain amount of sector turmoil, mostly Financials...
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commentary from this week’s “Sectors and Styles Strategy Report”*: Sell Boardwalk. Buy Water Works. In economic life as in the game of Monopoly, what you buy determines how large your pool of assets will be. If the Republicans are advocates of the high life, then the Democrats are more...
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excerpts from this week’s report: Model Growth Portfolio (MGP) “ Last week’s modest decline in relative performance moved the year-to-date results off its high to 346 basis points over the S&P 500 …” Expected Return Valuation Model “ While risk expectations declined...
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commentary from this week's Sectors and Styles Strategy Report: The Democrats in Congress appear poised to exercise the political version of the second coming with a second coming of their own – a stimulus package targeted toward consumers for the last half of this year: the election half....
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excerpts from this week’s report: Model Growth Portfolio (MGP) “ Wow. A fantastic week as the strong underweight in Energy finally paid big dividends most of the relative performance gains at 63 basis points. Combined with a modest 13 basis points and no major negatives produced one of the...
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commentary from this week’s “Sectors and Styles Strategy Report”*: Sunday evening’s US Treasury and Fed actions may seem bold to some. I beg to differ. Here are a few thoughts for your consideration: A recent report from respected consultancy Bridgewater Associates upped the ante...
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excerpts from this week’s report: Model Growth Portfolio (MGP) “A strong relative performance recovery due to the aforementioned strong underweight in Energy and moderate underweight in Financials along with the absolute positive performance in the Smid growth positions lifted the year to...
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commentary from this week’s “Sectors and Styles Strategy Report”*: “So let it be written. So let it be done.” Pharaoh The Ten Commandments Labeling, such as equities are now in a bear market, seems to have taken on a meaning that transcends reasoning and analysis and has...