Meb Faber Research – Stock Market and Investing Blog

Trading at $980.  In previous posts I talked about round numbers (and why support and resistance works), and how once a trading vehicle breaks through a BIG round number it can fly (ie I expect gold to rip if it breaks through $1000).  I mentioned selling $1000 calls and buying lots of out of the money calls as a possible...

AlphaClone is hiring!  Here is the ad on Craigslist, and the full text below: AlphaClone, a privately-held 10 month-old San Francisco start-up, has an exciting opportunity available for a 'HEAD OF SALES & MARKETING' who wants to be part of the birth of a new web-delivered financial services company. We are generating revenues, founder funded and currently raising our first...

(Quick note - I'm playing around with Twitter, and you can follow my updates here.  I would be surprised if I last more than a month or two on here but who knows...) ---- Q: What country's equity market has had the best performance over the past 109 year? This is an awesome PDF from CSFB - lots of good commentary from...

I am traveling to Big Sky this weekend, so if there are any readers in Bozeman or on the ski hill drop me a line. . . ---- Longtime readers will know that I am a big fan of the work put out by Bridgewater Associates.  In fact, the subtitle of the blog, "Engineering Targeted Returns and Risk" is lifted from...

Results for risk-parity versions of the GTAA model.  ----   If you have had an overdraft at Bank of America, they probably owe you some $$. (HT: Sea.) ---- Hussman on the need for debt restructuring.  He includes some highlights from the great interview with Ray Dailo in Barron's this weekend. ---- LovelyCharts ---- Global X has ETFs in the works for Argentina, Egypt, Peru, Nordic, Philippines, and...

I was at dinner the other nite and someone mentioned Decision Moose, so I thought I would do an update on a very simple system.  I have written a lot on World Beta about cross market momentum in the past (ie asset class rotation).  Some previous posts are listed at the end of this blog.  Anyways, below are some log...

This is a nice paper by the folks at Barra, although I am not so sure why this doesn't fall in the portable alpha camp... Portfolio of Risk Premia: a new approach to diversification by Briand, Nielsen, and Stefek  

I remember clipping this graphic out of the newspaper in college (I may still have it somewhere).  Although it seems to me the current value is closer to previous market tops than bottoms, no?  From Fortune mag:    

Kahneman and Taleb ---- Great post over on dshort focusing on serial correlation in market returns.  ---- Arnott on fundy indexing and vol as an asset class. ---- Why SPAC Investors Should Listen to the Market Abstract:      Special purpose acquisition companies (SPACs) have raised around $21bn from investors since 2003, and comprised 20% of total funds raised in US IPOs in...

Anyone going to this conference next week?  I will be there Monday, and if you're there drop me a line.   Although I wish I was going to the TED conference.  Anyone want to sneak me in? ---- I just added a linkfest of books and research papers on the reading list tab above.    If you have any links, papers, or...