Carl Icahn recently made some comments at the CNBC Delivering Alpha conference about the High Yield market: “More importantly, they are overpriced, because if you go down and look at the index — and now I could get into some arcane stuff, but what a lot of these guys do, including BlackRock and the others, …
(YAHOO FINANCE) Waiting For Money Market Funds To Pay Interest? Think Again
If recent statements by Janet Yellen are any indication, it appears that the Fed is finally going to start raising interest rates in the next few months. That news is music to the ears of many investors who have had their assets parked in money market mutual funds generating a hefty 1 bp of return …
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(YAHOO FINANCE) US Equity Market: Evaluation of Valuation
The US Equity market is at historically extreme valuations and a 40% correction is about to occur… No. Wait. I meant to say that the US Equity market is fairly valued and should continue to deliver returns that are consistent with long-term averages… Actually, no, the US Equity market is still relatively cheap and should …
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(YAHOO FINANCE) Silencing the Roar of the Bond Bear
The bond market bears are roaring again. The pundits are out in full force, announcing that the fixed income market has finally reversed direction and yields are going to start their inevitable march higher on a path to “normalization.” These predictions are often accompanied by advice to sell your bond portfolio before it melts down …
(YAHOO FINANCE) Crude Awakening: Why a Long Oil Position Could Ruin Your Portfolio
Many investors are looking for a way to express a long position in crude oil to coincide with the view that the current supply glut will be worked off over the remainder of the year. The best way to express this view is to buy USO, the $3 billion ETF which trades an average of …
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(YAHOO FINANCE) 3 Ways To Tell the Difference Between Value and a Value Trap
There is nothing like a sudden drop in the price of a particular security or sector to evoke the primitive “fear and greed” emotion ever present in an investor’s psyche. Any rapid revaluation justifiably launches us on a search to comprehend what triggered the volatility and why we failed to foresee the decline. We have …
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(YAHOO FINANCE) What the Next Bear Market Might Look Like
Let me start by saying that I am not one of those perma-bears that constantly warn that another stock market crash is around the next corner. In fact, I think the equity market is likely one of the better places to invest over the next 1-2 years, given the other alternatives currently available. Click here …
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(YAHOO FINANCE) Currency-Hedged ETFs: Know What You Own
Increased volatility in developed market currencies should cause investors to examine the impact that these rapid and material foreign exchange movements can have on international equity allocations. Click here to read the entire article that appeared on Yahoo Finance.
(RISK MAGAZINE) Fixed income traders should embrace options strategies, says III’s Friesen
Garth writes a piece on using options strategies for Risk Magazine. Read the full article here.
(BARCLAY) Smooth Sailing for Hedge Funds During Two-Year Credit Rally
Garth contributes to a Barclay Roundtable discussion regarding positioning fixed-income investment portfolios in the post-crisis era. Click here for the full roundtable discussion.
