Month

July 2015
Today the Shanghai index posted its worst day since 2007, plummeting a whopping 8.5%.  This took a significant chunk out of rally that has occurred since the Chinese government took efforts to actively halt the declines in the market, via capital injections, trading restrictions, and public proclamations against bearish participants.   China is significant for a...
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Hello Everybody, It has now been over a year since oil began its precipitous decline, from prices well over $100 per barrel to its current range in the low to mid-$50s. Pessimism is still incredibly high and just about every investment in anything energy-related has been massacred.  It is not just energy prices that have...
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Hello Everybody, Earnings season has started off very strongly for the big U.S. banks, which we’ve owned for over 5 years now.  Credit conditions started improving about 3 or 4 years ago and is now absolutely pristine.  Unfortunately, litigations and most importantly penalties imposed by government agencies have cost these companies and shareholders tens of...
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Read our latest research report from Chief Investment Officer Tim Travis on JP Morgan Chase & Co. (JPM) JPMorgan Chase – Premier Competitive Position But Just Adequate Value
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Hello Everybody, Needless to say, the last 30 days have been quite dramatic for world markets.  In China, roughly $4 trilling in equity value was wiped out in a crash that has many similarities to that experienced in 1929, partly for the interventionist policies that transpired as a result.  This story is likely not over...
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Hello Everybody, The last few weeks have seen a torrential downpour of bad news.  To briefly recap:  Greece is very likely headed out of the Eurozone, barring a massive last minute effort on both sides to come together to preserve the Union.  The Chinese stock market after being up 135% over the last year, has...
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Hello Everybody, While Western news has been dominated by the “Greek Crisis,” an extremely important and cautionary tale is unfolding in China.  Loosening restrictions on outside investment into mainland Chinese shares have created a bull market of epic proportions.  The Shanghai index returned well over 100% over the last year.  The situation was almost reminiscent of...
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Hello Everybody, I hope that you all had a safe and enjoyable Independence Day holiday!  Today’s news is that the people of Greece have rejected the terms of its creditors’ by voting no in the referendum.  Now it will be very difficult for this radical leftist government to come to terms on a package to...
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Read our latest research report from Chief Investment Officer Tim Travis on Assured Guaranty (AGO). Puerto Rican Sell-Off Brings Forward Tremendous Opportunity for Assured Guaranty  
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