Where Have all the Mergers Gone?
One argument against a top in equities is the lack of M&A. Below are a few charts from IMAA:
The New House of Money
Steve Drobny, author of the great books Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets and The Invisible Hands: Top...
The US is the Most Expensive Stock Market in the World
Out of 44 developed and emerging markets in the world, the US stock market is the most expensive on a 10 Year PE ratio...
Bitcoin vs. South Seas Stock
This is just for fun, I have no idea if or when the bitcoin train will ever get derailed. You could compare this to...
Small Caps, Cheap or Expensive?
It always surprises me when people have not heard of The Leuthold Group. (Maybe because they are based in MN?!)
They put out some great...
Screenshots from Tactical Backtester
Almost done cobbling together this backtester, aiming to send it out later this week. A few screenshots below from the current model...
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In addition to...
The Investment Brief
It is good to see people tackling our 5 Million Dollar Ideas in FinTech. Below is one such example, and I've talked the founder...
Supply and Demand
Same amount of money chasing reduced supply = PE multiple expansion.
Nice piece from Barron's this wknd.
