Money and Finance
- Hussman Weekly Market Comment: Stream Of Anecdotes
Is the economy at an inflection point, or are we simply in the calm before the storm? Though economic reports have been relatively muted on balance, they have also come in somewhat above expectations in recent weeks – particularly the advance estimate...
- Hussman Weekly Market Comment: Valuing The S&p 500 Using Forward Operating Earnings
It is impossible to properly estimate long-term cash flows based on a single year of earnings, regardless of whether one uses actual net earnings or projected operating earnings. It is impossible to properly value the stock market based on a single year...
- Mark Sellers: Take Advantage When Good Companies Come To Market
As it turned out, Google’s stock was incredibly cheap at its IPO price of $85. Over the following year, the company’s actual (not estimated) earnings turned out to be $4.27 per share. This meant that it was priced at just 19.9 times its forward earnings...
- Can United Technologies Corporation Move Your Portfolio?
As part of building a diversified dividend growth portfolio, it's important to own not only a number of companies but also companies that operate in a variety of industries. Previously I've looked at some restaurants, beverages, and consumer staples...
- Exxonmobil Stock Analysis
As mentioned in my previous post, I'm going to try and have 1 stock analysis report for some popular dividend growth stocks come out prior to their latest earnings release this week. I was originally going to post about International Paper (IP) since...
Money and Finance
Steven Romick’s Q3 Letter
At the end of 2011, we believed that economists and Wall Street analysts were generally too optimistic with respect to 2012 expectations. Since then, we’ve been proven correct. United States (and EU) GDP is far lower than expected. The U.S. deficit (and thus our national debt) is larger than projected. And predictions of corporate earnings turned out to be too optimistic. In fact, analysts now expect third quarter earnings for the S&P 500 to come in below 2011 levels.
…..
We continue to be haunted by Mr. Bernanke’s admission that we “have been in the process of learning by doing.” One can always hope that academic work translates to the field, but we think it’s unlikely. Instead, we expect unintended consequences to create future dislocation, and with it, opportunity. We’re ready, and we’d prefer it occur sooner rather than later.
- Hussman Weekly Market Comment: Stream Of Anecdotes
Is the economy at an inflection point, or are we simply in the calm before the storm? Though economic reports have been relatively muted on balance, they have also come in somewhat above expectations in recent weeks – particularly the advance estimate...
- Hussman Weekly Market Comment: Valuing The S&p 500 Using Forward Operating Earnings
It is impossible to properly estimate long-term cash flows based on a single year of earnings, regardless of whether one uses actual net earnings or projected operating earnings. It is impossible to properly value the stock market based on a single year...
- Mark Sellers: Take Advantage When Good Companies Come To Market
As it turned out, Google’s stock was incredibly cheap at its IPO price of $85. Over the following year, the company’s actual (not estimated) earnings turned out to be $4.27 per share. This meant that it was priced at just 19.9 times its forward earnings...
- Can United Technologies Corporation Move Your Portfolio?
As part of building a diversified dividend growth portfolio, it's important to own not only a number of companies but also companies that operate in a variety of industries. Previously I've looked at some restaurants, beverages, and consumer staples...
- Exxonmobil Stock Analysis
As mentioned in my previous post, I'm going to try and have 1 stock analysis report for some popular dividend growth stocks come out prior to their latest earnings release this week. I was originally going to post about International Paper (IP) since...