Silver as an investment

Category Archives: Financial ratios

Bogle, Buffett, Shiller & Tobin – Valuations Are Expensive

Authored by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across a couple of very interesting articles that tied a common theme relating to the current risks in the financial markets. Via Zerohedge: 88-year-old investing icon John “Jack” Bogle, founder of the Vanguard Group, said: “The valuations of stocks are, by my standards, […]

Q3 Earnings Season Begins This Week: Here Are The 3 Things Goldman Clients Are Focusing On

It's that time in the quarter again: 3Q earnings season begins this week with Wall Street consensus expecting S&P 500 EPS growth of just 5% (3% ex-Energy), a sharp drop from the last two quarters (Q1 was+14% and Q2 +11%). According to Goldman's Davis Kostin, "solid economic activity coupled with a weak USD will support […]

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 […]

Exactly How Many Warnings Do You Need?

Authored by Lance Roberts via RealInvestmentAdvice.com, When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in life that I learned that such knowledge did not come from books, but through experience. One of my favorite pieces of […]

Fed’s Kaplan Admits Stock Valuations Are Elevated, But He’s Not Worried For One Reason

There were two explicit warnings about stock market valuations in the latest Fed Minutes: first, the Fed warned that “vulnerabilities associated with asset valuation pressures had edged up from notable to elevated, as asset prices remained high or climbed further, risk spreads narrowed, and expected and actual volatility remained muted in a range of financial […]

“Why Does Extraordinarily Low Volatility Matter” Baupost Explains…

With elites increasingly sounding the alarm about the state of the stock market, and various market participants fearing the complacency is masking the fragility of the market's true character; it is no surprise that Baupost's recently named President and Head of Public Investments, Jim Mooney, has joined the chorus. While Mooney (and Klarman's) warning regarding […]

How Big Of A “Deleveraging” Are We Talking About?

Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the following. “You argue that rising debt levels lead to slower economic growth, but what if it is slower growth leading to rising debt levels?” This is […]

The Difference Between “Old” And “New” Retail? A Record 50x PE Turns

In the battle between “old” (bricks and mortar) and “new” (online) retail, few will survive although according to the market, the winner couldn’t be more clear. As BofA’s Savita Subramanian writes in her latest relative value cheat sheet report, “retailers compete for share of the total consumer wallet, and it is old news that online […]

A VIX Below 10 Means This…

The CBOE VIX Index closed today at 10.11 (having traded with a 9 handle briefly intraday), which got ConvergEx's Nicholas Colas wondering what a single-digit reading may indicate about US stocks.  Three historical periods back to 1990 feature a sub-10 VIX: December 1993, January 1994, and Dec 2006/Jan 2007.  In each case, US equities were […]

Building the “Perfect” Digital Investment Portfolio & How to Value “Hard to Value” tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many “professional” investors and analysts seem to miss the point. You often hear, those who only see rewards (or lack thereof, ie. “Hey, Ether went up […]