Category Archives: Not Categorized

The Beauty of Robyn Dawes – Proof that Intuition is No Match for a Simple Model

Dan Goldstein of the London Business School was kind enough to contact me and show me more intellectually accurate ways of interpreting and explaining the concepts of cognitive bias after reading my blog post, “To Price Target or Not to Price Target…that is the question.” Through our conversations he forwarded along a paper written in 1979 by Robyn Dawes called […]

Healthcare Vote Drives the Equity Markets Higher?! U.S. – China Trade War Brewing

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 […]

Greece Update: Bond Vigilantes Return, Credit Markets Elsewhere Recover, California Bonds in Demand?!

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 […]

Hedge Funds Leaders Forum 2010

The Hedge Funds Leaders Forum 2010, “Generating Alpha in Challenging Times”, is being held March 18th, in New York City. The GoldenNetworking.com event will review recent performance of multi-strategy hedge funds, at panel “Generating Market-Beating Returns Under the Watchful Eye of the SEC”. Dow Jones reported: “The average hedge fund lagged behind the nearly 3% return of the Standard & […]

Rosenberg: Anniversary of 666 & Government Sponsored Volatility

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: Greece, Euro and the Speculator

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 10 Year Bond Deal Priced, Unique Perspective Into Sovereign CDS Hedge Farce

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 […]

Inflection Point For Gold?

My Feb. 25th remarks  stressed the need for a solid defense based on the current market environment. Today, let’s have some fun and talk offense. We at RCM have carried the precious metals torch for quite some time. We have explained on countless occasions via this blog, via radio interviews and through one on one conversations, that prodigious fiat currency […]

The Hedge Fund Industry Association on New CESR Short Selling Plansh

“The Alternative Investment Management Association, believes that short-selling is a wholly legitimate market practice, that helps capital markets function more effectively.” Andrew Baker, CEO of AIMA said in a statement, “We welcome the recognition by the Committee of European Securities Regulators (CESR) that ‘legitimate short selling plays an important role in financial markets. It contributes to efficient price discovery, increases […]

Lending Falls, Bad Loans Haunt Big Banks, Mass Layoffs Surge, Greece vs California

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 […]