Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
April 01, 2010
It's amazing how symmetrical the market can be over time. I like to call it the "Pendulum Effect*". Typically when a market swings in one direction, once it reverses, you can expect a counter-reaction of a similar degree (like a pendulum). There's no better example of the pendulum effect than the price action within the equity markets...
March 15, 2010
Earlier this week, Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the almost three-decade bond market rally may be drawing to a close. This might have a lot of investors worried considering they have poured $89 billion into bond funds so far this year! Is this the end of the bull market...
February 17, 2010
Today we share with you yet another edition of "Frank Thoughts". In this edition, Frank recalls back to his days as an analyst at Lehman Brothers in the early 1980's when he covered K-Mart stock. At the time, discount retail stocks were out of favor but came storming back to perform exceptionally well during the ensuing bull market. ...
January 29, 2010
Today we'd like to share with you our year-end letter to clients. In it, Contravisory President Bill Noonan reflects back on 2009 and looks ahead to 2010 with great optimism.
Much like the “Tale of Two Cities”, it was the worst of times it was the best of times. How else to summarize a year that started out so...
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