With corporate earnings growth heating up and demand for capital rising, shares of companies with low and stable growth rates will likely perform poorly.
Strategies
3498 posts
Why did we sell Morgan Stanley? Because public disclosures about banks’ sovereign debt exposures are useless in order to ascertain the level of risk with a reasonable degree of confidence.
Call me an optimist, but I don't see Europe allowing such a drastic and negative situation to manifest itself to large scale contagion.
If VIX contango persists, I will replace my short VXZ exposure with a short exposure to VXX to profit from the term structure.
There are plenty of potential candidates to capture today’s mega-trends, but identifying them isn’t the most difficult issue. Timing is the biggest challenge.
The latest central bank actions may have been enough to spark a medium term rally, but many cracks remain in the system that could quickly derail any recovery.
Trying to trade in and out of the broad market is not something I seek to do. I’ll leave that for folks who think they are smarter than the market.