I continue to believe the market for Closed-End Municipal Income Funds is extremely inefficient. I’m certainly happy with what I observe in the daily fluctuations, income, prospects for monthly dividend hikes, and attractive valuations in the funds I hold.
Monthly Archives: October 2010
89 posts
At GEARS we have developed unique tools to find improving fundamentals companies when their share price is depressed and identify deteriorating fundamentals companies when their share price is extended. To perform that analysis, we have created an accurate set of fundamental performance metrics and a share price volatility calculator.
This week we asked Ben Dickey, one of the founding principals of BSG&L Financial Services, some questions about their two Covestor models, Pure Growth and Growth Plus Income. Covestor Live: Both of your models have been in the top 5 over the last 3 months. What do you find is the […]
The Micro-Cap Aggressive model added Direxion Daily Small Cap Bear 3X Shares (TZA) to their model this week. TZA is a bearish ETF that attempts to deliver results that correspond to 300 percent of the inverse of the Russell 2000 index. On October 8th, the fund was trading at a […]
It was a bumpy day for U.S. markets, even though the bumps were relatively small. For the majority of the day, the Dow Jones Industrial Average remained just above 11,000, but about 30 minutes before the close, it fell to roughly 10,978. Some momentum was regained in the final minutes […]
The Department of Labor released their September Employment Situation Summary today. In the report they announced that the unemployment rate had remained unchanged during September and was still 9.6 percent. They also noted that private sector employment rose by 64,000. You can see the full report here. The U.S. Census […]
It has become accepted wisdom that the stock market will move in an inverse relationship to the dollar. That is exactly what happened last month as the dollar index fell and the stock market rose sharply.
Author: Bob Gay, GEARS Disclaimer: Bob Gay owns FCS in his Covestor Earnings Surprise model. October 8, 2010: At GEARS we have developed unique tools to find improving fundamentals companies when their share price is depressed and identify deteriorating fundamentals companies when their share price is extended. To perform that […]
September was a good month for the market as well as a good month for my own account. Seemingly climbing a wall of worry about renewed real estate foreclosures and concerns about the implementation of healthcare reform, and seemingly endless government red ink, the market found the S&P opening up at 1049 on September 1st and closing at 1,141 by the end of trading on September 30th. This marked the best September in over 50 years for stocks.
Major Indices including the S&P 500 and the DOW gained significantly in the month of September. However, my trading account showed a small gain of .2%.
In the MergerArb model, manager Atlas Capital looks for potential takeover targets and, depending on their liquidity and share price, considers adding them to the model. This week they added two positions. The first was Lions Gate Entertainment Corp (NYSE: LGF). For months, Lions Gate has been attempting to merge […]
Disclaimer: Leif Eriksen owns BBEP in his Covestor Performance with Protection model. October 1, 2010: It’s official. September 2010 is the best September in the market in 71 years! What has traditionally been a seasonally weak period has defied expectations. Another reason not to pay any attention to the noise […]