Category: Research
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Fresh Ideas From Great Investors & More COVID-19 Fallout
Didn’t March feel like an eternity? Not even the entire month. Just the last two and a half weeks. It’s amazing the power a constant stream of news has on your perception of time. I’m not sure we’ll have another month as crazy as March for financial markets.Then again, I bet that’s what people said…
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Monday Dirty Dozen [CHART PACK] #2
The people that I know who are the most successful at trading are passionate about it. They fulfill what I think is the first requirement: developing intuitions about something they care about deeply, in this case, trading… They develop a deep knowledge of whatever form of analysis they use. Out of that passion and knowledge,…
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The Fed’s Unlimited QE, PE Discrepancies and Michael Mauboussin’s Latest Paper
The FED threw the kitchen sink, refrigerator, dining room table and the chairs at this market on Monday. Markets didn’t seem to care, shrugging off another 3% after the news alert. Yet as I sit here typing, futures are locked limit-up.Crazy times.What did the Fed announce? Oh, you know. The casual UNLIMITED QUANTITATIVE EASING plan.…
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Bulls Fighting To Save March
***The following is an excerpt from a report sent out to Collective members Tuesday morning*** We have 5 trading days left in the month of March. As I pointed out in the Brief over the weekend, the bulls are trying to close the month above the 2018 lows (roughly 2,350 on the SPX) and reclaim…
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The Volatility Machine
***The following is an excerpt from a report sent out to Collective members over the weekend*** As for what I think now, I believe that the health, economic, and market impact of the coronavirus will be much greater than most people are now conveying. For example, the profit losses for businesses are likely to be…
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Monday Dirty Dozen [CHART PACK]
[The] principal characteristic of a bear market is very sharp down movements followed by quick retracements… In a bear market, you have to use sharp countertrend rallies to enter positions. ~ Bruce Kovner Click here to get the Dirty Dozen straight to your inbox every Monday morning Good morning!In this week’s Dirty Dozen [CHART PACK]…
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Lessons From 11 Years of Operating: Mestek, Inc. (MCCK)
A few months ago, I shared a longer-form essay on Bowl America’s CEO Annual Shareholder Letters. Those letters (twenty-four in total), told the story of owner-operator Leslie Goldberg. Goldberg won’t win any 100-bagger awards, nor will his name appear on any Forbes 500 list. Yet the man excelled at his job. He stewarded a company,…
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Coronavirus Cheat Sheet
Updated: April 8, 2020In light of the many disparate and conflicting opinions out there, especially on the Twitters… I thought I’d put together a comprehensive coronavirus cheat sheet with the key numbers, best resources, and info that I’ll update regularly. What it is: The virus is a respiratory disease caused by a novel (new) coronavirus which…