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The New York Times Magazine published a big Roger Lowenstein cover piece on JP Morgan CEO Jamie Dimon. Some reactions: Simon Johnson: “in every significant detail it confirms that Mr. Dimon is now – without question – our most dangerous banker.” My biggest problem with Lowenstein’s piece is that he never […]
The Fundamental Asset Allocation model managed by Prism Capital uses a fundamental approach to investing and focuses on long-term capital appreciation as well as risk management. The model is diversified globally among many different asset classes and is designed to have minimal volatility in order to enhance the model’s long-term […]
The National Association of Realtors added a little fuel to the market-rising fire today with their October Pending Home Sales report (found here). The report states that pending home sales increased by 10.4 percent in October. Also bolstering investor confidence was an article on Reuters reporting that Cyber Monday sales […]
We added a few new model managers and models to Covestor this week. The first is Sreeni Meka, a value investor who has a sixteen year history investing. In order to choose positions for his model, Sreeni conducts an in-depth analysis of companies by reviewing their annual and quarterly financial […]
U.S. markets rose substantially today after a spate of positive news and forecasts were released. First, the ADP National Employment Report for November was issued and noted that there was an increase of 93,000 private-sector jobs for the month. In addition, the increase of 43,000 noted for October was revised […]
Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.
In the Luxury Liner model, Covestor manager GEARS takes a fundamental approach based on financial statement analysis and uses documentation interpretation software to identify unusually depressed companies. Recently, Direxion Daily Large Cap Bear 3X Shares (BGZ) was added to the model. The goal of the fund is to deliver results […]
The S&P/Case-Shiller Home Price Indices showed a 2 percent decline in home prices in the third quarter of 2010, a disappointing (though not entirely surprising) follow-up to the 4.7 percent increase in prices reported in quarter two. The report (found here) also states that house prices are currently 1.7 percent […]