Traditional and Alternative Investments
a) The recent revelation of the Madoff scheme dwarfs the losses at Societe Generale, Sumitomo or Barings…
Part Α: Today’s Problem
The great classical economist D. Ricardo is regarded as the father of the Equivalence Principle: When the Government borrows in…
“Park Avenue apartments belong to the optimists”
We would like to repeat our longer term view :
Valuations relative to bonds and cash are compelling.…
A quarter that brought a lot of pain to the Bears
At the end of the first quarter of 2009 our report posed the question…
The Mother of all Recessions: All Sectors and Regions Stock market’s predictive Ability
a) It appears that we are experiencing the worst recession since WWII.…
A nice thing about Bear markets is that they do not last Forever.
a) Do we witness a bull rally, a bear rally or a…
A) We experienced the worst stock market performance in January ever, the worst last five months ever, the worst year along 1931 and 1937 and…
Focus on the problems arising from pricing illiquid assets at market distressed prices
a) September was a month that all investors would like to forget.…
Strategic and Tactical Allocation for 2011
We all know that in financial Investments : “The rear view window is much clearer than the front…
In our end of year 2008 report we predicted that the markets might rebound from an extremely oversold condition. Regression to the mean is a…
The death of Business, Finance and of Equities? OR
The Greatest Buying Opportunity of the Last 60 Years???
a) Since 1900 the world economy has…
