Green Book September 2009
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Featured Articles
Lehman Remembered
Market vacuum occurred during the 4 weeks following the collapse of Lehman Brothers, when the S&P 500 dove from 1250 to 900. This occurred during the recession, but it has been the Retailers that are among the few groups that have closed that gap.
Mild Deflation Short Term… Mild Inflation Next Twelve Months
The greatest danger in late 2010 and 2011 is monetary debasement inflation, not demand based inflation. Trillion dollar deficits (or higher) may be acceptable shorter term (2009), but unless our government and politicians provide strong evidence of fiscal responsibility, the dollar’s respectability could be undermined, with foreign lenders and investors going elsewhere.
New Equity Portfolio Group Additions Build Foreign Exposure
New group purchase of Integrated Telecom stocks.
Six Important Trends From The Supply/Demand Front
This month’s “Of Special Interest” section looks at six trends from the Supply/Demand front. Key to several of these trends is that investors chase performance: still seeing big inflows into bond funds, with big outflows from retail money market funds.
Six Months Old And Still Seeking Respect
Doug Ramsey demonstrates that new bull markets can be expected to correct by 10% or more at some point — which may be why so many pundants are looking for a correction now. Past history shows that based on duration it would be early in the current bull market for a correction at this time, but based on magnitude, the timing would be about right.
Taking a Different Stance on Hiring; Meet Sr. Analyst, Jun Zhu
Our first introduction is of Jun Zhu, who broke the mold by not being another white Midwestern guy.
The State of Momentum Investing: A Global Perspective
Most quantitative portfolio managers employ some variation of the momentum strategy, and most have had a hard time with this particular strategy since the end of 2007.
Thoughts On Long-Term Leadership
Bubble groups rarely return as market leaders until after experiencing a prolonged trading range pattern. Technology currently appears to have paid its dues and could develop into the next market leader.
Table of Contents
Stock Market
- Six Months Old And Still Seeking Respect
- Lehman Remembered
- Thoughts On Long-Term Leadership
- The State of Momentum Investing: A Global Perspective
- Taking a Different Stance on Hiring; Meet Sr. Analyst, Jun Zhu
Of Special Interest
Equity Strategies
Inflation Watch
Lehman Remembered
Market vacuum occurred during the 4 weeks following the collapse of Lehman Brothers, when the S&P 500 dove from 1250 to 900. This occurred during the recession, but it has been the Retailers that are among the few groups that have closed that gap.
Mild Deflation Short Term… Mild Inflation Next Twelve Months
The greatest danger in late 2010 and 2011 is monetary debasement inflation, not demand based inflation. Trillion dollar deficits (or higher) may be acceptable shorter term (2009), but unless our government and politicians provide strong evidence of fiscal responsibility, the dollar’s respectability could be undermined, with foreign lenders and investors going elsewhere.
New Equity Portfolio Group Additions Build Foreign Exposure
New group purchase of Integrated Telecom stocks.
Six Important Trends From The Supply/Demand Front
This month’s “Of Special Interest” section looks at six trends from the Supply/Demand front. Key to several of these trends is that investors chase performance: still seeing big inflows into bond funds, with big outflows from retail money market funds.
Six Months Old And Still Seeking Respect
Doug Ramsey demonstrates that new bull markets can be expected to correct by 10% or more at some point — which may be why so many pundants are looking for a correction now. Past history shows that based on duration it would be early in the current bull market for a correction at this time, but based on magnitude, the timing would be about right.
Taking a Different Stance on Hiring; Meet Sr. Analyst, Jun Zhu
Our first introduction is of Jun Zhu, who broke the mold by not being another white Midwestern guy.
The State of Momentum Investing: A Global Perspective
Most quantitative portfolio managers employ some variation of the momentum strategy, and most have had a hard time with this particular strategy since the end of 2007.
Thoughts On Long-Term Leadership
Bubble groups rarely return as market leaders until after experiencing a prolonged trading range pattern. Technology currently appears to have paid its dues and could develop into the next market leader.
Stock Market
- Six Months Old And Still Seeking Respect
- Lehman Remembered
- Thoughts On Long-Term Leadership
- The State of Momentum Investing: A Global Perspective
- Taking a Different Stance on Hiring; Meet Sr. Analyst, Jun Zhu