Growth vs Income Investing: Why Choose?
Are Some of The Best Blue Chip Stocks in the S&P 500 Financials Sector? In light of our recent pieces, “Debt to EBITDA Ratios: The Spiral Higher Continues” and...
Speculators in Stock Markets: The Price of Quick Profits
Bloomberg’s Lu Wang wrote a piece on the 7th noting that “....risk-taking traders roared back to life….where frenzied selling eventually gives way to a bounce whose size defies logical expectations.”
10 Year Rolling Returns: A Warning?
*The chart shows the rolling 10-year period returns since 1800 *Where available we show the Shiller PE peak and trough valuations *The chart shows a reasonably consistent pattern of 10-year runs followed by dismal decades...
Is Richard Sylla a Legendary Forecaster in Hiding?
What is the Future Outlook for the Stock Market? If you are reading this, the odds are you read our recent CFTC that discussed the incredibly consistent pattern of ...
SNAP Price Predictions: Are you an Investor or Speculator?
The chart shows the performance of social media company SNAP over the last three years • Since the stock’s most recent peak on August 31, 2021, it has stalled, falling -31% in a +2% tape...
The Costliest Stocks: A Lifetime Earnings Analysis
This piece is based on academic research done in-part by KCR’s expert in behavioral finance. Bhojraj & Co-Authors Provide Compelling Proof that “Price is What You Pay, Value is What You Get”
The Next US Financial Crisis: The Problem with Expensive Stocks and High Leverage
Our recent piece Debt to EBITDA Ratios: The Spiral Higher Continues documented the explosive growth in leverage using aggressive accounting to fund deals. This piece intends to...
Are Cleantech Stocks a Short?
This week’s “Chart for the Curious” follows up on our CFTC from last week and our piece on Andrei Shleifer’s legendary book on Behavioral Finance. In those pieces, we discussed how investors piled into Gold after the GFC implosion, which ended up being precisely the wrong time to do so.
Investor’s Long Term Stock Forecasts: A Perfect Path to Poverty?
This week’s “Chart for the Curious” offers less optical intrigue and requires more “Curiosity” than our normal Friday missives. The piece reads more like our typical Quick Takes. Having ...
Andrei Shleifer’s Inefficient Markets: An Introduction to Behavioral Finance — KCR’s Key Lessons from a Legend in the Field
Many Academics believe in Market Inefficiency In 2000 Andrei Shleifer published “Inefficient Markets.” The book brings together some of the best research in Behavioral Finance. Dr. Shleifer’s “Acknowledgements” section ...
Andrew Jassy Amazon’s Next Bob Nardelli?
Andrew Jassy Amazon’s Next Bob Nardelli? So this morning Amazon turfed numbers and guidance. The company missed on both revenues and profits for Q3. The company explained that the ...
Stocks Analysts Loathe & Love
The chart below takes all the stocks in the S&P 500 and breaks them into five groups The first group on the left are the stocks analysts loathe (the ...