Slip Into Something More Comfortable?

Posted on Wednesday, July 24th, 2013

Has Bernanke’s jawboning of the market recreated the bubbly asset prices that FOMC members were afraid of? Bernanke had managed to talk down asset prices with his taper talk but asset prices and bond yields moved too far and too fast for his liking. His latest testimony may have just pumped the bubble back up read more.

The Wise Man

Posted on Thursday, July 18th, 2013

Leon Cooperman, the head of Omega Advisors, has been around this business a long time and to do that you have to have a great track record. Cooperman who was bullish on  equities last year and correctly predicted 10 of his 10 stock picks at last year’s Delivering Alpha conference had this to say at read more.

Blackthorn Quarterly Letter Q2 2013

Posted on Friday, July 12th, 2013

The air goes out of the balloon much faster than it went in.  -Howard Marks Last quarter we talked about the madness of crowds and the fantastic gains put in for the market to start the year. If one were to extrapolate those gains to an annualized basis one could see that the pace of read more.