Gary Dorsch, editor of Global Money Trends magazine, sums up the “important” jobs news released last Friday…. …And 14-months after losing 763,000-jobs in January 2009, US-payrolls, a key driver for the bond and stock markets, rose in March for only the third time since recession struck in late 2007 as the private sector stepped up hiring at the fastest pace in almost […]
March comes to an end and the “celebration” of the year-long market rally remains in full swing. Complacency among investors seems to reach new heights with each passing week as financial news outlets continue to serve up government grog as if it were Cristal. True, we at RCM have participated in this rally. We remain committed to our precious metals […]
The equity markets move higher responding to the results of the healthcare vote Sunday? If you can’t see through that illogical logic then no amount of reading this blog will help you. Please stop reading this post, don’t pass go and choose a card from the community chest as that seems to be the order of the day. For the […]
Time to check in with the Greek narrative. The hysteria has quieted down as new backroom deals to avert a meltdown are reported with some regularity. However, the attempts to sweep Greece’s problems under the proverbial rug are occasionally sidetracked by a pack of rioters, or as is the case below, by the bond vigilantes. If rates continue to creep higher […]
March 10th, 2010 Two remarkably well thought-out pieces by David Rosenberg, brought to us by Zero Hedge, demand our immediate attention. Yesterday, Rosenberg used the anniversary of the S&P 500 low of 666 to draw some meaningful comparisons. Today, his discussion on Government sponsored volatility is spot on and needs to be absorbed if a successful investment strategy is to […]
Jim Rogers, the perennial purveyor of logic and reason, weighs in on Greece, the Euro and governements’ shameful attack on the “speculator” BE ADVISED: The video you are about the witness may cause temporary confusion mixed with bewilderment. It may sound like Jim is speaking a language you cannot identify; rest assured the language is English. However, he is using […]
Greek funding update: Deal complete, interest acceptable, funding crisis averted for now…. New Greek €5 Billion 10 Year Bond Prices At 300 Over Midswaps, 326 bps Over 2020 Bund, Comes With 6.25% Coupon Greek debt chief says bids for 10-year bond at EUR14 bln – DJ DJ reports the Greek government’s offering of 10-year bonds has attracted EUR14 billion […]
The equity markets dropped on average 1.5% Monday and this morning another 1.5% decline is underway. I mentioned, in A Review of the RCM Investment Strategy, the defensive posture we at RCM have taken. I said, “We have deployed our assets in a manner we feel most appropriate for the environment we are experiencing.” The following news items should help illustrate what […]
I have just now ended a conversation with a long-time client and Limited Partner (LP) of our Fortune’s Favor I, LP, (FFI) fund. As I hang up the phone I begin to write. Our healthy dialogue crystallized some thoughts that demand sharing. To begin, a review of the investment strategy that guides FFI may be in order. You may witness our approach in its […]