Hedge Fund Blog
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December 14, 2011 at 9:54
While I believe in the long term thesis in farming (indeed I said in 2007-2008 farmland would probably be the best long term i.e. decades long, investment) year over year gains of 40% in Nebraska and 31% in Iowa just are not sustainable. Easy money needs to find a home in something, and this time around farmland is one of them – long time readers will now the horde of investment money coming into this space via pension funds and the like. [Jun 14, 2008: Bloomberg: Farmland Reaps Bonanza for TIAA] [Jun 5, 2008: NYTimes: Food is Gold, So Billions Invested in...
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December 14, 2011 at 9:54
I remember when the first discussions of 24 hour trading gained force in the late 90s thinking to myself “oh no…. won’t they ever let us sleep? This is ridiculous.”* (then again the stock market was “fun” and “easy” then because we all could become millionaires trading NASDAQ stocks – why not have fun 24 hours a day!)
*that said, a lot of us now wake up all sorts of crazy hours in the middle of the night to check to see what greek irish portuguese spanish italian bond debt is doing!
Frankly with the way...
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December 14, 2011 at 9:54
The ‘Battle of the 200 Day’s’ looked to potentially be resolved mid afternoon yesterday but a stick save late in the session pushed the S&P 500 back over the 200 day exponential moving average. There was essentially a bounce off the 50 day moving average …
Over at the DJIA things are actually looking more bullish and one could create a case for a ‘bullish flag’. You can see how the 200 day simple moving average has been support multiple times, and a perfect bottom yesterday.
The NASDAQ on the other hand has a similar situation to the...
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December 14, 2011 at 9:54
With post #8286 I am officially retiring (see the post at 3:40PM before you panic).
This blog started Aug 6, 2007 with a few test posts and Aug 7 the real thing began to an audience of…. errr… 3 or 4. I might be over estimating. Of course at the time, I had no idea we were about to embark on one of the most mind melting and audacious economic (and market) periods in history. In retrospect it was a good time to start a market blog. Thankfully I made some pretty good “Roubini” like calls back in the early days (before he became a well known...
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December 14, 2011 at 9:54
Carry on…
Most importantly a few hawks exit stage right in 2012, and more Yellen and Bernanke types will enter. Also with the ‘inflation is easing’ commentary they take care of any issues with those who claim there should be a break from even easier money due to potential inflation pressures.
The Federal Reserve on Tuesday left monetary policy on hold but said financial market turbulence posed threats to economic growth, leaving the door open to further easing next year. The Fed characterized the economy as expanding moderately despite an apparent slowing in...
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December 14, 2011 at 9:54
As we await the first Fed meeting in a while that no major policy easing or language change should occur, we bring one of FMMF’s favorite grumpy eccentric uncles – Howard Davidowitz. At this point, some of what he is saying is purely for entertainment purposes although there is some underlying reality in much of it. For those who don’t know, Davidowitz plys his trade as a retail analyst so maybe you will take more from the first video than the second, although both provide ear candy. Warning – he is a tad partisan.
Howard Davidowitz: Consumers In...
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December 14, 2011 at 9:54
Dear readers,
After a long period of introspection (nearly 3 minutes) I’ve decided to follow the ideology of the boxing world and come out of retirement.
I shall continue my career in prose at MarketMontage.com beginning tomorrow. Hope to see some of you there.
Read
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December 13, 2011 at 9:42
This is an interesting piece by John Waggoner of USA Today, especially on a personal level, as I’ve been looking at a host of yield producing products to ‘barbell’ against an equity exposure. With the war on savers that Bernanke has waged – and will continue to wage for many years ahead [Mar 31, 2010: Bernanke Content to Sacrifice American Savers to Recapitalize Banks and Benefit Debtors] the choices all come fraught with risk, which many people have learned the hard way of late. While it’s one thing to have avoided European debt for all the obvious...
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December 13, 2011 at 9:42
I did not really “get” the happiness Friday, as not much seemed to be resolved other than some language for more unity and to “hold people accountable” for excessive debt in the Eurozone. However, the current treaties are supposed to “hold people accountable” for excessive debt, and hasn’t done a darn thing. I guess expectations were just so low, anything would have made the market happy for the day.
Well here we are Monday and Italian 10 year debt yields have again exploded upward, and we have another warning – this time from Intel...
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December 13, 2011 at 9:42
Looks like on sheer number of new issues, this is going to be the biggest IPO week since the pre crisis era. Hope it doesn’t take away the shine away from (ahem) the most important debut of the week….
Zynga (ZNGA) is the star of the week [Sep 9, 2011: Zynga - Virtual Goods, Real Profits], but definitely should have came to market last spring when the hype was hottest (along with Groupon). That said, I expect it to fare better once public than the Chicago based coupon magnet. We also get a new way to play the ‘upper income consumer’ via Michael Kors....
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