Stand Your Ground?

Posted on Wednesday, August 7th, 2013

Howard Marks from Oaktree is out with another investor letter and as you know we read anything that comes across our desk from Howard Marks. Here is the money quote from his letter. Middle Ground. If the economy continues to recover and the Fed’s bond buying eases off, interest rates are likely to go further… read more.

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.