Trader’s Narrative

Guest post by Wayne Whaley, CTA
Valuation is a funny bird because we are forced to use trailing information to attempt to estimate whether the market is fairly priced relative to future information (earnings) and there is substantial guesswork involved.
This allows analysts a great deal of flexibility to mode the statistics to serve one’s agenda. […]

Guest Post by Nico Isaac
The following article includes analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, […]

Jeremy Grantham declares most of the easy money made in his latest quarterly letter from GMO. I respect Grantham as one of the few ‘elder statesmen’ of the stock market because he approaches it with an impressive amount of perspective and discipline. No doubt, a result of having survived many market cycles.
He was one […]

Guest Post by Vadim Pokhlebkin
It’s corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market:

US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal)
Stocks Open Down on J&J Earnings (Washington Post)
European Stocks Surge; US Earnings Lift Mood (Wall Street Journal)

With so […]

Here’s an interesting chart from Merrill Lunch’s recent “Hedge Fund Monitor” report. It shows that traditional long short hedge funds have returned to a historically normal market exposure after the shock late last year:

With the end of the year barreling closer, hedge funds, like any other money manager out there wants to coast to an […]