Weekend Reading

Links for the Week ending Feb-20, 2011 Here are some of my favorite reads from the past week The Links….. Why people like economics but not economists by Robert Shiller (Slate) All You Need to Know About Why Things Fell Apart by Michael Lewis (Bloomberg) Viewing Chairman Bernanke’s Remarks Through the Lens of Emerging Economies [...]

Sentiment Update: Slight Decline but Still Bullish

Investor sentiment declined slightly last week but remains very bullish. The NAAIM (active money managers) survey for this week showed a decrease of 2.6% in bullish sentiment while the AAII (individual investors) survey showed decrease of 2.8%. This week, active managers have, on average, an 84% allocation to equities down from 86% last week. The median [...]

Taibbi: Why Isn’t Wall Street in Jail?

A good, yet infuriating article today from Matt Taibbi at Rolling Stone. I think this sums up nicely why Main Street is fed up with Wall Street and their minions in Washington. An excerpt below but the whole article is definitely worth reading. The deal looked like a classic case of insider trading. But in [...]

Weekend Reading: A Day Late Edition

Links for the Week ending Feb-13, 2011 I apologize for the delay. I had a rather busy weekend and did not get this out yesterday. Here are some of my favorite reads from last week but first the early candidate for quote of the week comes from John Hussman. As always his weekly market comment [...]

Thoughts on Fixed Income Portfolio Positioning

Note: This article is longer than most at a little over 2,000 words. If you choose, click here for a pdf version. A few days ago, I was asked how I would position the fixed income portion of a portfolio. In order to provide an answer in a timely fashion I basically responded that due [...]