Archive for March, 2010

• Thursday links: perfect foresight
  abnormalreturns, March 25th, 2010 at 11:12 am, Comments: 0

  The stock market is unusually overbought.  (Trader’s Narrative) Individual investors are becoming less bullish as the market hits new highs.  (Sentiment’s Edge) Based on P/E [...]

• Wednesday links: credit standards
  abnormalreturns, March 24th, 2010 at 11:19 am, Comments: 0

  The number of stocks hitting new highs has dropped off.  (Trader’s Narrative) A measure of corporate profitability points to a somewhat overvalued market.  (The Pragmatic [...]

• Tuesday links: inflection points
  abnormalreturns, March 23rd, 2010 at 10:07 am, Comments: 0

  How institutional investors are positioned for the next inflection point.  (Big Picture) Four guys who got this bull market correct.  (The Reformed Broker) A golden [...]

• The risks of return envy
  abnormalreturns, March 22nd, 2010 at 2:05 pm, Comments: 0

  The financial media is filled with stories of outstanding investors and their market-beating returns.  There is some value in these tales as they can be [...]

• Time horizons and the benefits of international diversification
  abnormalreturns, March 22nd, 2010 at 1:24 pm, Comments: 0

  What is the proper time frame to judge the benefits of international diversification? This question was raised in the midst of the financial crisis when [...]

• Monday links: lumber on fire
  abnormalreturns, March 22nd, 2010 at 11:29 am, Comments: 0

  Valuations looked stretched no matter how you look at them.  (Hussman Funds) The sentiment picture is becoming cloudy.  (Marketwatch) Why a mid-teens VIX is not [...]

• Sunday links: loss lessons
  abnormalreturns, March 21st, 2010 at 7:46 am, Comments: 0

  China is the new dot-com.  (WSJ) The rhetoric over the Chinese yuan is heating up.  (WSJ, 24/7 Wall St.) Equity market sentiment at week-end.  (Trader’s [...]

• Friday links: a bullish extreme
  abnormalreturns, March 19th, 2010 at 11:53 am, Comments: 0

  The CBOE equity put/call ratio has reached a bullish extreme.  (VIX and More) Credit spreads keep coming in.  (FT Alphaville) Individual investors have gotten a [...]

• Thursday links: shake it up
  abnormalreturns, March 18th, 2010 at 11:38 am, Comments: 0

  Should we care that this rally has occurred on low volume?  (Barron’s) 52 week highs explode.  (Bespoke also TraderFeed) John Carney, “So they may not [...]

• Wednesday links: unparalleled disequilibrium
  abnormalreturns, March 17th, 2010 at 11:19 am, Comments: 0

  The VIX has “little or no predictive value” as a market timing tool according to Laszlo Birinyi.  (BusinessWeek also Daily Options Report) 85% of the [...]