Silver as an investment

Category Archives: Robert Shiller

It’s A ‘Turkey’ Market

Authored by Lance Roberts via RealInvestmentAdvice.com, With Thanksgiving week rapidly approaching, I thought it was an apropos time to discuss what I am now calling a “Turkey” market. What’s a “Turkey” market?  Nassim Taleb summed it up well in his 2007 book “The Black Swan.” “Consider a turkey that is fed every day. Every single […]

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, […]

Low Volatility Will Make The Next 5% Drop In The Dow “Feel Like 1987”

The VIX has recently flirted with its all-time closing low, analysts worry that volatility has been so low for so long that analysts are worried that the next sizable negative shock will cause investors to panic and dump their holdings. Other than a handful of selloffs over the past couple of years (Aug. 2015, Jan. […]

Pensions Timebomb In America – “Global Crisis” Cometh

Pensions Timebomb – Pensions “Are Going To Be A National Crisis” – America’s underfunded pension system is “not a distant concern but a system already in crisis”… – Tax may explode as governments seek to bail out insolvent pension plans – Illinois, California, New Jersey, Connecticut, Massachusetts, Kentucky and eight other states vulnerable – The simple mathematical mismatch […]

Why It’s So Difficult To Call The Market Top

Via Global Macro Monitor, This is one of our favorite posts of all-time. Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.  It’s all about yield-seeking capital flows, my friends.   Tell us what interest rate is the tipping point which thwarts that behavior and we […]

The Deck Is Stacked: Putting Risk & Reward Into Perspective

Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com, “The individual investor should act consistently as an investor and not as a speculator.“ – Ben Graham. We are frequently told that valuation analysis is irrelevant because fundamentals do not signal turning points in markets. Scoffers of valuation analysis are correct, as there is no fundamental statistic or […]

The World’s Most Deceptive Chart

Via Lance Roberts of RealInvestmentAdvice.com, I received an email last week which I thought was worth discussing. “I just found your site and began reading the backlog of posts on the importance of managing risk and avoiding draw downs. However, the following chart would seem to counter that argument. In the long-term, bear markets seem harmless […]

“It’s Quiet, Too Quiet”

Submitted by Lance Roberts via RealInvestmentAdvice.com, A Better Way To Use P/E’s There has been an ongoing debate about market valuations and the current state of the financial markets. On one hand, the “bulls” use forward price-earnings ratios to justify current valuation levels while the the “bears” cite trailing valuations based on reported earnings per […]

The Fed’s Fantasy Vs. Reality

Submitted by Lance Roberts via RealInvestmentAdvice.com, Dow 20,000 Last week, I noted the market’s push toward the market milestone of 20,000. To wit: “The Dow broke above 19700 and is within striking distance of the ‘psychological’ summit of 20,000. With just 250 points to go, it is extremely likely traders will try and push stocks to that […]

2007 All Over Again – Stock Valuations Enter “Crash” Territory

Submitted by John Rubino via DollarCollapse.com, The Trump Christmas stock market rally has taken valuations beyond a point that in the past has signaled trouble, which in turn has generated a lot of cautionary press like the following: Market indicator hits extreme levels last seen before plunges in 1929, 2000 and 2008   (CNBC) – […]