thezikomoletter.wordpress.com
You Are Naturally Short Housing | thezikomoletter
https://thezikomoletter.wordpress.com/2012/12/10/you-are-naturally-short-housing
What Is The Zikomo Letter? Thoughts on Trading, Investing And Personal Finance. You Are Naturally Short Housing. Your house is not an asset. It is a hedge. You are born with a natural short housing position. For the rest of your life, you will need somewhere to live. Ideally, somewhere with a roof. To use a (slightly tortured) trading analogy, you are born with a short housing position. A floating rate (e.g. a short-term lease). A fixed rate (e.g. a long-term lease or a house purchase). Because if you pu...
rp-pix.com
research puzzle pix by tom brakke
http://rp-pix.com/ph
Pieces of the puzzle. Monday, September 9th, 2013. Continuing the celebration of the return of a tablet. It’s always interesting to see how markets react when there is a bit of a regime shift. Last November, I asked what I thought was the big question. Not just how the assets I charted would do in a rising rate environment, but what would happen that no one was talking about. The unambiguous winner of the group I had charted has been SPY. Also last fall, I had speculated that the new bonds.
rpseawright.wordpress.com
Bob Seawright | Above the Market
https://rpseawright.wordpress.com/author/rpseawright
Perspectives on capital markets and personal finance. Skip to primary content. Skip to secondary content. Author Archives: Bob Seawright. Robert P. Seawright is the Chief Investment and Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. August 12, 2016. Please watch the video here. It can’t be embedded) and thank me later. Cognitive and behavioral Biases. Evidence is Not Enough. August 10, 2016. In the real worl...
rp-pieces.com
de-risk and return
http://rp-pieces.com/post/80165601230/de-risk-and-return
An advertising supplement to the latest edition of. Is titled, “Fixed Income Investing: Coping with Low Rates, Volatility and Tapering." The first piece is "It’s a Tale of Two Cities.”. These various constituencies are approaching the investment in fixed income in radically different ways. (The word constituencies is resonating with me because of an article. I read yesterday about the different kinds of equity investors.) The investment ecosystem is full of species, adapting to the same market enviro...
rp-pix.com
research puzzle pix by tom brakke
http://rp-pix.com/gr
Pieces of the puzzle. Wednesday, August 31st, 2011. It came from both barrels. James B. Stewart wrote a column about Hewlett-Packard (HPQ) in the. Al Lewis did one too, for the. Lewis’ piece included a quote from former Hewlett director Tom Perkins that the company had committed “corporate suicide.”. Each recited the storied firm’s litany of errors over the last decade and each gives the reader the impression that everything would be better if Mark Hurd was still in charge.
rp-pix.com
research puzzle pix by tom brakke
http://rp-pix.com/io
Pieces of the puzzle. Wednesday, January 25th, 2012. One of the hottest assets — and hottest topics — is farmland. Here’s the price of land in Sioux County, Iowa, as reported annually by Iowa State. I did a cautionary posting. Last spring and prices have rocketed higher since then. But “it doesn’t pencil,” as they say, unless prices keep going up. Where have we seen that before? Or a special publication, “ Rising Farmland Values: Causes and Cautions. 8221; (Chart: Bloomberg terminal.). 8221; to describe ...
rp-pix.com
research puzzle pix by tom brakke
http://rp-pix.com/oz
Pieces of the puzzle. Sunday, July 7th, 2013. Above, you will find “the indicator.”. I have written about it before, in support of an early chart. On this site, the text of which said that “big trends can be self-reinforcing” — and that the particular indication (at that time, three years ago) was that you shouldn’t “be too quick to assume a change just yet” in the interest rate cycle. It could retrace or continue racing ahead. But a bell is ringing and I have been conditioned to pay attention to it....
rp-pix.com
research puzzle pix by tom brakke
http://rp-pix.com/qa
Pieces of the puzzle. Wednesday, January 1st, 2014. As explained in the item below, I’ve been thinking in seven-year periods lately, so I thought at the turn of the year I’d go back that far and see from where we have come. The three lines represent long Treasuries (TLT), corporate bonds (LQD), and stocks (SPY). I was going to use one of the big junk bond ETFs to show lower grade credit risks, but neither HYG or JNK was in existence at the end of 2006. (Think about that.).
rp-pieces.com
highly doubtful
http://rp-pieces.com/post/121847756428/highly-doubtful
It came to light recently that Pimco, faced with huge withdrawals from its Total Return Bond Fund, executed trades within the fund complex in some of the portfolio positions, which avoided potential market impact from forced sales. Since at least one of the buyers hadn’t owned the securities before, it’s questionable whether there were orders to buy them on the desk when the outflows started in Total Return. Now Pimco can assert. That events show that it and others like it do not pose a threat to the fin...
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