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A Conversation with Andrew Horowitz of The Disciplined Investor

It has been just over a year since the last conversation with Andrew Horowitz and his weekly podcast, so we just had our return engagement at the end of last week (right before the big Friday drop).   Most of the focus was on the market that just won't quit, the constant rotation, the lack of correction, the divergences that have yet to matter and the like.   Feel free to…

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tuesdaystie

Tuesdays with Benjamin

This chart sums it up – the market has been all about Tuesdays since mid January.  Flat otherwise.   What is peculiar is that while some of us were talking about this pattern 6-7 weeks ago, it has in the last few weeks become obvious to everyone – yet still continues.  That's not how it used to work…once something becomes obvious on Wall Street it traditionally fails quite quickly….

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detour

SPX Reaching Historical Extremes on Weekly/Monthly Chart

We are starting to see some very extreme readings on our monthly and weekly index charts since there has been no correction this year.  I posted below first the monthly chart of the S&P 500 going back 15 years showing bollinger bands – rarely do we get above the upper monthly one, and never have we been this far above during this time frame.  Then below that I posted…

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Paladinfunds290

Launch of Paladin Long Short Fund (PALFX)

Hanna Capital is proud to announce the launch of its flagship fund, the Paladin Long Short Fund (PALFX).  Available through a variety of brokers as well as direct purchase, this no-load fund seeks capital appreciation.  See the fund's prospectus here. Distributor: Capital Investment Group, Inc., Member FINRA/SIPC , 17 Glenwood Ave, Raleigh, NC 27603, (800) 773-3863.  There is no affiliation between Hanna Capital LLC, including its principals, and Capital Investment Group, Inc….

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Feb10

And Still Not a Single 1% Down Day in 2012

A little flurry of buying in the closing 5 minutes tacked on 2 S&P points and took the major indexes off the lows.  Only the Russell 2000 finished with a greater than 1% loss (1.4%) as it has been relatively weak versus the senior indexes for the past few sessions.   While today was the "worst day of the year" – it was quite a low bar as the previous biggest loss on the S&P 500 was -0.57%.

The S&P 500 held well above the 10 day moving average (didn't even really touch it) and did not even attempt to fill the gap from last Friday's employment report.  The teflon market rolls on for now.  Speculators on twitter are already whispering about Chinese bank easing over the weekend – woo hoo.

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Feb10

Has PIMCO Become Too Big to Fail?

While I knew PIMCO was massively influential during the financial crisis, I did not realize a mutual fund shop could potentially be thrown in with banks as "systematically important" institutions.  But considering just how many bonds they own, I guess it makes sense.  Obviously, Mr. Gross is not happy with this potential situation, as it would come with more cost and oversight. …

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Feb10

Hulbert: Insiders Selling at Heavy Pace

Per Marketwatch's Mark Hulbert, corporate insiders are dumping shares at a pace last seen in July 2011.   While not a perfect timing mechanism it's certainly worth noting. …

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Feb10

It's a Bird… It's a Plane…

… it's a bona fide premarket selloff.  Haven't seen one in eons.  Certainly not in 2012.

As mentioned Wednesday evening, VIX was suspiciously strong mid week, despite the grind upward in the indexes.  That action in volatility continued yesterday.  That said, the grind upward tossing aside the morning selloff ALSO continued for a 4th straight session, causing ever more frustration for those hoping to catch a mid day turn.

…

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Feb09

Manoj Bhargava, the Man Behind 5 Hour Energy

Manoj Bhargava.

Who?

Yes that is what I said too…

While this is a private company, I found it to be a fascinating story since it is always interesting to hear where these out of the blue blockbuster products come from.   I had no idea it was a local story as well.  I had heard Detroit Lions coach Jim Schwartz was at the Super Bowl, on the dole (i.e. pitching) 5 Hour Energy and it seemed like a strange connection, but now I see why he was a choice (again, local).   Believe it or not I've never imbibed any sort of energy drink such as Monster or Red Bull, nor have I touched this 5 Hour Energy thing – but apparently I am in the minority as these are huge sellers.  It's a long write up in Forbes – some snippets below: …

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