Author: valueplays

Housing Recovery on Track

Housing Recovery on Track

“Davidson” submits: “Single-family housing starts in March were at a rate of 764,000; this is 9.2 percent (±10.3%)* below the revised February figure of 841,000.” https://www.census.gov/construction/nrc/pdf/newresconst.pdf   “U.S. housing starts fell more than expected in March and permits for future […]

Actually, the Private Economy Is Doing Just Fine

Actually, the Private Economy Is Doing Just Fine

The biggest risk in the investing world is the risk of going against the crowd and being wrong! Everyone fears that all will remember if you have been horribly wrong especially if you have fiduciary responsibility for someone else’s pension […]

Chart via Cap IQ

MetLife Ruling On SIFI Status Analyzed

MetLife Ruling On SIFI Status Analyzed There are a few moving parts here. The full marked up pdf is linked to below for those who want to read the decision. The judge ruled for $MET based on the FSOC’s ruling […]

S&P Intrinsic Value Rises to 2,048

S&P Intrinsic Value Rises to 2,048

“Davidson” submits: There is nothing from my perspective to argue about our economic trends since 2009. The trends continue higher with employment hitting new highs, 246,000 added to the March Household Survey, vehicle sales continue at record levels, 17.1 March […]

Salomon Brothers and Valeant

Salomon Brothers and Valeant

With all the attention on Valeant lately it has reminded me of Buffett’s Salomon adventure. No, I am not saying these two situations are “exactly” the same but there are a ton of similarities. For those who want the crib […]

Dollar Reversal

Dollar Reversal

“Davidson” submits: My call of 18mos ago that the US$ would reverse once this Momentum Trade had run its course was based on understanding Free Markets. One cannot time these things, but one can understand then qualitatively. Many losses in […]

Market Psychology Inputs

Market Psychology Inputs

“Davidson” submits: Markets have as inputs market psychology which sloshes about concerning 3 key investor perceptions-see figure: 1)      Basic to all is the Prevailing Rate which is economic growth + inflation. The psychology around this is something you just experienced. […]