The greatest hockey player ever Wayne Gretzky once said that “the key to scoring goals is going where the puck is going, not where it has been.”  I’ve found this to be a very apt quote to describe value investing.  You don’t chase performance irrespective of valuation, which is what most momentum investors do.  Even...Read More

I just wanted to share this article with you.  It outlines the fact that the S&P 500 has dropped by more than 5% 28 times since 1980.  On average, the market is relatively flat the next week, up 1.65% over the next 4 weeks , and up close to 5% over the next 12 weeks. ...Read More

Stock markets around the globe have been panicking on fears of Chinese growth.  Today’s made news was the China manufacturing index slipped deeper into contraction territory.  The Dow is now down just about 10%, which is correction territory.  In this type of environment, just about all stocks fall.  Yesterday many of the momentum stocks that...Read More

It has been a very interesting summer as far as the equity markets go.  Summertime trading can often be quite volatile and people tend to read too much into short-term movements.  Clearly, the biggest global issue is the apparent slowdown in the Chinese economy, but if growth is anything close to the 7% growth that...Read More

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...Read More

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...Read More

Read our latest research report from Chief Investment Officer Tim Travis on Chesapeake Energy Corporation (CHK)   Chesapeake Energy – 50-100% Upside When The Turnaround ComesRead More

Hello Everybody, I hope that you all had a nice weekend.  I just wanted to let you know that as our firm grows in size, we continue to leverage that with TD Ameritrade to get your costs lower.  Options are only $1.25 per contract now, which is about a 17% discount from the $1.50 we...Read More

Below you’ll find a link to today’s recorded webinar.  I’d strongly suggest that you take the time to watch it.  It is very important to understand that most of the market is extremely expensive and risky.  This is the case in both equities and fixed income.  Over the short-term, it is impossible to know what...Read More

Hello Everybody, Today, the results of the stress tests including capital allocation plans were announced and the results were quite favorable.  These tests are honestly rather silly as the Fed uses hypothetical models and the most draconian assumptions possible to forecast the results.  Also, there are extremely subjective measurements made by a lot of bureaucrats,...Read More