Meb Faber Research – Stock Market and Investing Blog

Not surprising to readers of World Beta, but the Net Payout Yield strategy is beating all the dividend strategies this year (and did so in 2007 as well). Before you leave any comments please read the background posts on net payout yield - it is NOT dividend yield.Flying Five (Link to original post here.)Dogs of the Dow (Link...

Too funny (Hat tip: CC). http://www.hulu.com/embed/wyUOSXxioQGZEeIn9cTcyw

Wow. There are currently over 100 CEFs that trade at a greater than -15% discount to their NAV. Enterprising investors could be scooping up some funds at nice discounts. ETFConnect is my favorite resource here.  I seem to remember Herzfeld tracks the % of CEFs trading at a discount?

80-100% cash & bonds is a good place to be right now.I think my grandmother's expression to today's market turmoil would be, "Lawd have mercy!".----It is really a shame Wealth Manager magazine doesn't do a better job with their website because James Picerno has an excellent overview of the listed hedge fund space.----Short Target.----A short seller thinks we have...

Maybe the market is trying to tell you something - if you just listened? I have written about this subject a number of times. For background you can check out some earlier posts: Time to Put Money to Work Mean Reversion After Bad Months When is the Time to Buy Homebuilders? When to Buy Japan? Idiocracy and Mean Reversion In one study I examined asset...

3 ETFs Morningstar would like to see. They are not really correct on the momentum front, as Powershares has the Value Line Timeliness (PIV) and Technical Leaders (PDP) ETFs.Direxion had some volatility ETFs in the works, but it looks like they may not make it to market.----Time killer of the day - Chronotron.----Like I needed another excuse to...

The following chart is courtesy of Tom McClellan. He writes a daily report as well as a twice monthly newsletter, and they come highly recommended! You can find more info on his website www.msoscillator.com (as well as his older guest post here). The chart below shows inflation (as measured by the CPI-U) as a leading indicator for unemployment....

...or are you catching a falling knife? Unless you have a plan (and the tactical model I published certainly looks like a good one right now), then subjective guessing about where the markets are going is a recipe for disaster. Do you have your Bad Idea jeans on? A little humor from the SNL vaults for...

Please read my original post here for background information.The ratio of the Barrons Gold Mining Index to cash gold is getting into buy territory where future excess returns are nicely positive (around 1.2 currently).

I feel like I have been on the Moon for the past 10 days - that's what happens when you lose your laptop charger when on a long trip.----It is better to buy stocks when credit spreads are rising rather than falling (at least for a one month hold). It also looks like spreads are predictable.----I always wondered...