Investing

Short-term Thinking

Rules to Remember I worked at Merrill Lynch a number of years ago in the Equity Research department. The Chief U.S. Economist at the time was David Rosenberg, a very savvy and well-respected analyst on the Street. He would from time to time share “10 Market Rules to Remember” created by Bob Farrell, a former …

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Investing

Sell Everything?

According to a blog post from Pension Partners, the Dow is trading at one of its most overbought levels in history on a relative strength basis (RSI) going back to 1900. https://pensionpartners.com/one-of-the-most-overbought-markets-in-history/ However historically, similar signals have been bullish in the near-term, on average. According to the author’s analysis, the Dow has actually been higher …

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Investing

An ETF Bubble?

I listened to a webcast yesterday with the Mauldin Economics team. Jared Dillian, one of the members of said team, talked about bubbles and specifically highlighted ETFs and passive investment strategies. He made a very interesting point about how ETFs are basically the asset class “you have to own now”, similar to tech stocks at …

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