Meb Faber Research – Stock Market and Investing Blog

No wonder the timing model works so well on REITs. ---- Ichan is having a great year. His AlphaClone portfolio (top 10) is up 25% YTD in 2009. ---- New books on the way - "Nerds on Wall St" and "The Leveraged Space Trading Model". Anything by Ralph Vince is required reading.

Customer service (or total lack of) at Stockcharts is driving me crazy. GRRRRR. Hope this works. Timing Updates

Stockcharts now has the 10-month SMA for free (Hat Tip: GK). Go to the tab above for timing updates! ---- Swensen transcript from WealthTrack ---- How to read the WSJ for free. ---- I saw Tim Melvin chatting about Templeton and thought I would update this post from March where we screened for stocks trading below $1 on the New York and American stock exchanges.  It returned...

Lots of markets trending up. ---- AlphaClone video from a recent conference. ---- From FlavorWire, maybe I should be doing this? FP: I read over on Galleycat that you’re doing this strange pass along thing with review copies of your upcoming book, The Adderall Diaries. What inspired that? SE: I’m letting people who request an advance copy of my new book borrow it. They get...

What do the years 1920, 1973/74, 1980/1, 2009 have in common? Routs in the long bond, which is currently in the largest drawdown I can find since 1900.  Zeros are doing even worse. . . Source: Global Financial Data  

I have no idea why someone doesn't launch currency value (PPP) and momentum ETFs/ETNs in addition to the carry strategy. Nice papers: The Revenge of Purchasing Power Parity on Carry Trades during Crisises Currency Benchmarks for Investors Do Professional Currency Managers Beat the Benchmarks?

I wrote a really long post on this topic then managed to delete it.  Instead of recreating it, here are some summary links: Will Hedge Stars Strike Out Again? (Barron's, average pick did 10% worse than S&P including some really terrible picks down 80%+.) Summaries from Zero Hedge, and First Adopter: Peter Thiel, Clarium Capital: fade recovery, commodity inflation, deflation of owned...

All the 13Fs are in and the rebal has taken place for AlphaClone. I started tracking a "Hedge Fund Masters" Clone in Jan 2007 that in backtests showed historical outperformance of about 6-12% per year.  (I did those tests by hand and it took me an entire month.) The ten most popular stocks from ten of my favorite hedge fund...

Some nice Memorial Day Pics. ---- The End Draws Nigh ---- Selecting active mutual fund managers. ---- This is completely unrelated to the markets but I think a really cool project! One of my good friends in producing the documentary film, "The 100 Years Project".  If you are interested consider visiting the website and donating a little coin...(the director and producer are both Emmy award winners...

It's rebalance week for AlphaClone and all the 13Fs are in.  Do my long time readers remember the World Beta Hedge Fund Masters Clone we started tracking in Jan 2007?  We found historical outperformance of about 6-12% per year in backtests I did by hand.  I shudder thinking about how long that took me. The ten most popular stocks from...