Trader’s Narrative

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 […]

This is a guest post by Wayne Whaley (CTA):
Men Who Can Be Right and Sit Tight Are Uncommon.
Reminiscences of a Stock Operator
The S&P 500 has officially closed the month of September up by 3.68%. A few weeks ago I shared some statistics on the significance of a positive September: When September Flexes It’s Muscle. […]

One of the sophisticated investors I track is Jeremy Grantham of GMO. Back in 2007 he warned that the financial world was full of bubbles. The only asset class he liked then was an alternative one: timber.
He was right of course. Bubbles popped in the credit market, mortgages, real estate, the stock market, etc. […]

From City Slickers
This is a guest post by Wayne Whaley (CTA):
Before I share some statistics with you on the impact that positive September’s have on the last quarter, I’m reminded of a scene in one of my favorite comedies, “City Slickers”. Billy Crystal’s character Mitch fancies himself a cowboy and in an attempt […]