As discussed in our last newsletter, value stocks have roared back strongly to outperform struggling momentum stocks over the last two weeks.  This is only two weeks, but it is worth discussing, because it augurs to how we see the market in the future.  How can we generate the returns we are targeting of double-digit,...Read More

Over the last week, value stocks have poised very impressive gains, while many of the momentum names have really struggled.  This is obviously very good for our deep value investment portfolios.  I want to emphasize, we should never get too excited or upset by short-term performance metrics.  With that said, value stocks are as cheap...Read More

Nearly a decade of unprecedented fiscal stimulus was bound to create bubbles. Last year, we had the great sovereign debt bubble where investors were paying countries and companies for the right to LOAN them money. As interest rates, have climbed, the foolishness of those participants has become more apparent as have their losses. Yield-desperate market...Read More

Well that was one heck of a week.  While I certainly was not smart enough to predict the results of the election, it has had a profound impact on my expectations for us as investors.  For the last 7 years, I’ve been one of the most vocal advocates of financial stocks that I am aware...Read More

While ETF’s have become one of the most popular investment vehicles for investors, their utility as a proxy for certain markets is limited by some structural flaws.  One example is the natural gas market where it is not realistic to store natural gas in the same way that gold or silver can be stored.  This...Read More

This article sheds some light on how these double leveraged ETF’s and ETN’s work.  After having a bad experience with (TBT) which is the ultra-short 20 year treasury ETF, I will never use one of these again.  It really comes down to knowing exactly what you are buying, and due to the way that these...Read More

The article below does a good job of pointing out some of the supply/demand problems that Baby Boomers face in meeting their retirement goals.  It isn’t practical to invest in overly diversified mutual funds or ETF’s and expect the returns that most investors need to maintain their same living standards into retirement.  At T&T Capital...Read More

Today Larry Fink the CEO of Blackrock, recommended that most investors put 100% of their investments in stocks.  While the article mentions that this is against the advice of most money managers who recommend a 60/40 stock/bond allocation, I at least applaud that he isn’t afraid to show his conviction when the relative value of...Read More