Silver as an investment

Category Archives: Asset allocation

Emerging Market Junk Debt Issuance Surges To New Record As The “Search For Yield” Intensifies

It seems that the never-ending “thirst for yield” from the world’s massive pension funds, combined with the ever-present “cash on the sidelines” problem, is driving the creation of yet another global financial bubble in emerging market junk bonds.  Alas, as the FT points out today, the world’s largest fixed income investors can’t seem to get […]

Jack Bogle Slams Wall Street’s “Unrealistic” Earnings Guesses, Says Market Valuations “Rather High”

88-year-old investing icon John "Jack" Bogle, founder of the Vanguard Group, says that the market seems to be "fully valued," and suggests investors adjust their asset allocation. In an interview with The Street, Bogle said: "The valuations of stocks are, by my standards, rather high," adding that "my standards, however, are high." When considering stock […]

Two Key Indicators Show The S&P 500 Becoming The New “Cash”

Authored by Daniel Nevins via FFWiley.com, Pension plan administrators do it. Their actuaries and consultants do it. Professional endowment and foundation investors do it. Financial advisors do it. Private investors may or may not do it, but they probably should. Do what? All of these folks already are or should be asking themselves the following […]

Cryptocurrency Hedge Fund Returns 2,129% YTD

We’ll preface this post by saying we have never heard of the Alternative Money Fund – which “Specializes in Returning Freedom and Value” – and very well may never hear of it again, however it is notable for two things: i) it is a “hedge fund” invested entirely in cryptocurrencies and ii) it has allegedly […]

Lord Rothschild: “Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk”

One year ago, the financial world was abuzz when the bond manager of what was once the world’s biggest bond fund had a dire prediction about how “all of this” will end (spoiler: not well). Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova […]

T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest Since 2000

One day after DoubleLine chief Jeff Gundlach told Bloomberg TV that it is time for investors to head for the exits as his highest conviction trade is “volatility is about to go up”, and that he is reducing his positions in junk bonds, EM debt and other lower-quality investments on fears investor sentiment may roll […]

BofA: The “QE Monster” Only Ends When “The Wall Street Bubble” Finally Shocks The Fed

Below we excerpt some of the latest observations from BofA’s Michael Hartnett, who nearly a year ago first penned the “Icarus trade” concept – i.e., the final push in the US stock market to its all time highs –  and who has been expecting a “blow off top” to stocks, before it all comes crashing […]

Seth Klarman On ‘Trumptopia’: “Investors Are Being Too Trusting”

Via RealInvestmentAdvice.com, Baupost Group’s Seth Klarman laid out his concerns with the market in a recent client letter… “Risk, Klarman wrote, is the most important consideration when investing, and investors are being too trusting.   When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually […]

Axel Merk: “There’s More To Investing Than Chasing Companies That Want To Make Mars Inhabitable”

Authored by Axel Merk via MerkInvestments.com, How does one construct a portfolio in an era of seemingly ever rising and highly correlated asset prices? Years of asset prices moving higher has changed both retail and institutional investors; it has changed the industry; and, in my humble opinion, those changes spell trouble. The prudent investor might […]

Five Charts That Obliterate the Common Market Narratives of 2017

Market narratives are myths. Look at this chart. Which asset class would have been better to own in 2017 thus far… the blue line or the black line? It’s obviously a no brainer, the black line has nearly doubled the blue line’s performance year to date. Here’s the chart with legends included. Surprised? Thus far […]