LTCM – the trillion dollar bet Thursday, August 14, 2008
Posted by ei-forum in Miscellaneous.add a comment
Following on from yesterday:
Enjoy!
Beware of Predictions Wednesday, August 13, 2008
Posted by ei-forum in Investing.add a comment
Just a quick post to share some words of wisdom:
Remember, don’t bet the ranch!
That’s it, going back up? Tuesday, August 12, 2008
Posted by ei-forum in Rants.1 comment so far
It looks like the rally continues but we remain increasingly worried about the recent euphoria. We do not want to be negative but do you really think that this is it? That what most people labeled as possibly the most serious financial crisis we have experienced will just go away after a relatively mild bear market?
Again, not to be pessimistic but:
- we still have to understand what the banks have on their books and how this will effect their long-term capital position
- the leveraged business model has to change and we have to accept that returns will not be the same as before
- consumers continue to live ‘above their means’ using credit to larger and larger extents
- the housing bubble still hasn’t stabilized
- economic indicators are not really improving
- etc…
Naturally we hope that we are moving towards solving these issues and get back on track but chances are things will still have to get worse before they get better…..
Davos – Sovereign Wealth Funds Monday, August 11, 2008
Posted by ei-forum in Miscellaneous.1 comment so far
This is an extremely interesting discussion/debate with representatives from the funds, the intermediaries to the policy makers. It is over an hour long but this is quite a thorny topic which needs to be tackled in detail. We hope you enjoy it:
Enjoy!
QSII back on track Friday, August 8, 2008
Posted by ei-forum in US Traded Stocks.add a comment
Back on June 25th we wrote about how we felt that Mr. Market had overreacted with respect to Quality Systems – read post here. Well, we are happy to report that they beat market estimates and increased the dividend by 20%.
We continue to believe that this is a great company with excellent long-term prospect and can’t wait to see how the rest of the year will play out.
More of the same… Wednesday, August 6, 2008
Posted by ei-forum in Interesting Charts.add a comment
Is it possible that it’s all about OIL? Most people tend to agree that Oil is too high and that at the 150 level we incurred demand destruction but when will the markets stop this Oil vs. Financials trade?
Most probably, what is happening is also that with so much uncertainty, this trade is the safest bet! What does this mean for Value investors? Well, it means that we are experiencing a very volatile market that gives us the opportunity to buy 6-10% dips in great companies that are already trading at highly discounted prices.
Remember that you most important task is to filter out the noise and focus on fundamentals, don’t get caught up in the market game!
Meredith Whitney: update Tuesday, August 5, 2008
Posted by ei-forum in Miscellaneous.5 comments
This is one of the most interesting interviews that we have seen in quite a while.This is really a MUST see to get a better understanding of the current situation and what to expect in the future.
Investment roller coaster Monday, August 4, 2008
Posted by ei-forum in Investing Humor.add a comment
It always help to have a sense of humor. Here is the investment roller coaster:
Enjoy!
The future of financials Friday, August 1, 2008
Posted by ei-forum in Investing.add a comment
More and more market observers are starting to compare what is happening to the financials to the faith of tech stocks in 2000-2002.
If this is true, investors should not be betting on such a quick recovery of the sector.
The Bespoke Investment Group (here), has compiled the following data that shows what the discussion is all about.
Maybe, investors should be prepared to accept that the financials will indeed recover but that we will not go back to the levels we experienced in the past.
This would not be the first time one particular sector has experienced a bubble…
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