Peak Margin Debt and Subsequent Returns
By: greenbackd Margin debt in the United States — money borrowed against securities in brokerage accounts — has risen to … Read more
By: greenbackd Margin debt in the United States — money borrowed against securities in brokerage accounts — has risen to … Read more
By: greenbackd Butler|Philbrick|Gordillo & Associates is out with a great new post “Triumph of the Ostriches” discussing the market’s current level … Read more
By: greenbackd Warren Buffett’s favored market valuation metric, market capitalization-to-gross national product, has passed an unwelcome milestone: the 2007 valuation … Read more
By: greenbackd In a great article The Wiki Man: If you want to diet, I’m afraid you really do need one … Read more
By: greenbackd David Tepper was on CNBC this morning arguing that stocks are historically cheap: [Tepper] said the post showed … Read more
By: greenbackd I’m back from the Value Investing Congress in Las Vegas. There were a number of outstanding presentations, but, … Read more
By: greenbackd Chris Turner has a guest post at Doug Short’s Advisor Perspectives called When Warren Buffett Talks … People Listen examining Warren … Read more
By: greenbackd I’ve posted here regularly about the implications of mean reversion in elevated profit margins (see, for example, The Temptation … Read more
By: greenbackd Source: “What Goes Up Must Come Down!” James Montier (March 2012) In his recent piece The Endgame is Forced … Read more
By GREENBACKD Corporate profit margins are presently 70 percent above the historical mean going back to 1947, as I’ve discussed … Read more
By GREENBACKD We wrote an article for the April issue of Value Investing Letter giving an overview of Quantitative Value, discussing the quantitative … Read more
By: greenbackd Value Line’s Median Appreciation Potential (VLMAP) 2009 Marketwatch’s Mark Hulbert has a great article Finding the best four-year market … Read more
By: greenbackd Ratio of Corporate Profits-to-GDP and Returns (1947 to Present) Source: Hussman Weekly Comment “Taking Distortion at Face Value,” … Read more
By: greenbackd Butler|Philbrick|Gordillo and Associates have an interesting post called What the Bull Giveth, the Bear Taketh Away on the duration and magnitude … Read more
By: greenbackd Butler|Philbrick|Gordillo and Associates’ argue in Valuation Based Equity Market Forecasts – Q1 2013 Update that “there is substantial value in … Read more