As a rational investor, I understand that sentiment and irrational expectations can impact the... Read More
As a rational investor, I understand that sentiment and irrational expectations can impact the market over extended periods of time. When this happens, I focus on the longer-term picture in order to... Read More
Many oil explorers and producers (E&P) are on the precipice right now. Years of high oil prices... Read More
Many oil explorers and producers (E&P) are on the precipice right now. Years of high oil prices have led to a bonanza of land grabs and acquisitions despite premium valuations. Companies took on... Read More
In hindsight, the six-year bull market was an easy rally to predict. Valuations were very low in... Read More
In hindsight, the six-year bull market was an easy rally to predict. Valuations were very low in early 2009, and Federal Reserve policy has been remarkably accommodating. Yet the forward view may not... Read More
The decimation of oil prices has been a dominant theme for the past eight months. However, while... Read More
The decimation of oil prices has been a dominant theme for the past eight months. However, while weaker earnings out of the energy complex are weighing on overall market earnings, the collapse in oil... Read More
Previously seen as little more than as an annoyance to corporate boards, activist investors have... Read More
Previously seen as little more than as an annoyance to corporate boards, activist investors have stepped up the heat in recent years. Backed by hedge funds and the ultra-rich investors, they are... Read More
The housing market is currently giving mixed signals. New Home sales are rising, but sales of... Read More
The housing market is currently giving mixed signals. New Home sales are rising, but sales of existing homes have been disappointing. One of the key headwinds is the issue of affordability.... Read More
When it comes to the energy sector, history has a way of repeating itself. Energy drillers... Read More
When it comes to the energy sector, history has a way of repeating itself. Energy drillers purse debt-fueled growth when times are good and face a debt hangover when energy prices head south.... Read More
The European Central Bank (ECB) has finally joined the global bond-buying party with its 19-month... Read More
The European Central Bank (ECB) has finally joined the global bond-buying party with its 19-month program to inject more than $1.2 trillion into the region. The program calls for the central bank’s... Read More