Archive for January, 2010

• Sunday links: January hangover
  abnormalreturns, January 31st, 2010 at 8:33 am, Comments: 0

  The market pullback is getting a bit nasty.  (VIX and More)
  The so-called January indicator in perspective.  (dshort)
  The state of investor sentiment at week-end.  (Trader’s Narrative, The Technical Take)
  Your equity portfolio allocations are all off.   (WSJ)
  In praise of home bias.  (Aleph Blog)
  Why are so many companies hoarding cash instead of paying out dividends?  (Barron’s)
  Some much needed [...]

• Trading sabbaticals
  abnormalreturns, January 29th, 2010 at 3:22 pm, Comments: 0

  An investment in knowledge pays the best interest. – Benjamin Franklin
  Have you ever taken a structured break from your trading, not unlike that of an academic sabbatical?
  For some one who spends their time tracking and trading the markets it seems like there is never enough time to do the reading and research necessary to advance [...]

• Friday links: rich fund, poor fund
  abnormalreturns, January 29th, 2010 at 12:22 pm, Comments: 0

  Equity fund managers are asset rich and cash poor.  (Sentiment’s Edge)
  A historical review of equity allocations.  (Big Picture)
  What happens when the S&P 500 goes from a 50 day high to a 50 day low in 8 days.  (Quantifiable Edges)
  The S&P 500 Material Sector (XLB) is decidedly oversold.  (Bespoke)
  You can’t chart the VIX like you would [...]

• Thursday links: breaks and BRICs
  abnormalreturns, January 28th, 2010 at 12:16 pm, Comments: 0

  Two notable breaks of the 200 day moving average:  the US Dollar Index and China’s Shanghai Composite Index.  (Bespoke also Trader’s Narrative)
  The BRICs are falling by the wayside.  (Barron’s also Behind the Headlines)
  Where this pullback ranks during this market upswing.  (VIX and More)
  Jeremy Grantham’s “Lessons Learned in the Decade.”  (Big Picture)
  On the relationship between earnings [...]

• Wednesday links: zero yields
  abnormalreturns, January 27th, 2010 at 12:49 pm, Comments: 0

  S&P 500 sector performance over the past three decades.  (Big Picture, EconomPic Data)
  The time for small cap outperformance is coming to an end. (Marketwatch)
  The last week put a big dent in the number of bulls out there.  (Sentiment’s Edge)
  The first three days of the month have a disproportionate effect on stock market returns.  (Crossing Wall [...]

• Tuesday links: news reading machines
  abnormalreturns, January 26th, 2010 at 12:46 pm, Comments: 0

  Was it really a “lost decade” for investors?  Rob Arnott begs to differ.  (IndexUniverse)
  With the carry trade on the backburner have fundamental reasserted themselves?  (The Reformed Broker)
  Why next month might be better for the market.  (James Altucher)
  By this measure the US stock market is short-term oversold.  (Trader’s Narrative)
  What is the “Andrews Pitchfork” and what does [...]

• Monday links: Tablet talk
  abnormalreturns, January 25th, 2010 at 12:49 pm, Comments: 0

  Anything fixed income is winning the YTD performance race.  (EconomPic Data)
  The bull market in Treasuries is dead and buried. (Gregor Macdonald)
  What to do if you were caught unawares by the recent market pullback.  (CSS Analytics)
  Investors seem to have already factored in better than expected earnings.  (Bespoke)
  Underlying weakness in the iShares FTSE/Xinhua China 25 Index (FXI).  [...]

• Abnormal Returns 3.0
  abnormalreturns, January 25th, 2010 at 11:16 am, Comments: 0

  The Internet is a massive content creation machine. We are witnessing an explosion in the amount of content getting created every day. Most of it is garbage. But some of it is not. Machines can help us find what is good. But with the help of machines, our friends and trusted sources can and will [...]

• Sunday links: strategic defaults
  abnormalreturns, January 24th, 2010 at 9:30 am, Comments: 0

  Next week should be a busy one for the markets.  Get ready now.  (A Dash of Insight)
  More oversold readings.  (Bespoke, Chart.ly)
  The state of investor sentiment at week-end.  (Trader’s Narrative, The Technical Take)
  IBD just got more cautious on the market.  (The Pragmatic Capitalist)
  Is the uptick rule coming back albeit in limited form?  (naked capitalism)
  2009 was a [...]

• Friday links: emerging overvaluation
  abnormalreturns, January 22nd, 2010 at 11:50 am, Comments: 0

  Emerging markets are “no longer cheap.”  (Capital Spectator)
  In the short-term the market seems a bit stretched on the downside.  (Quantifiable Edges also Bespoke)
  What the huge move down in junk bond spreads tells us about risk-taking these days.  (Credit Writedowns)
  The ducks are quacking.  Closed-end funds are issuing shares.  (WSJ)
  A slew of sentiment indicators from Jason Goepfert.  [...]