Market Update – March 31, 2010
The argument about the true cost of the health care bill is not being fought in Congress or by the CBO. Instead, it is being fought in the US Treasury market. The Treasury market auction last week had long- term yields moving higher and was met with less enthusiasm than past months. The bond market’s […]
Market Update – March 16, 2010
More Government Spending? Ask your friends or colleagues if they believe the U.S. Government should be spending more in order to get us out of the recession. The reaction we have gotten from both conservatives and liberals alike has been a resounding “NO” – many times it has been a resounding reaction. In our last […]
Market Update – March 1, 2010
Individuals are Getting Their Balance Sheets Healthy The past year has served as a wake up call to individuals about the risk of too much debt. Many have reduced their spending and are now saving more. Frivolous spending has been replaced with saving. Cash is king and the “good ‘ole days” of living on borrowed […]
Market Update – February 17, 2010
The Problem with Wild PIIGS For years, we at THOR have talked about the potential problems with the European Union (“EU”). As long as there are no stresses on the system, the system works relatively well. However, our real concern with the EU was if and when one of the weaker countries ran afoul of […]
Market Update – February 3, 2010
The January Effect Revisited In our last market update, we talked about “the January effect”, a phenomena in which a positive market in January has a high correlation to a positive market for the entire year. Below is a copy of that e-mail: “The January Effect This is an anomaly where the stock market rises […]
Market Update – January 18, 2010
The January Effect This is an anomaly where the stock market rises during the first week of January. The explanation to why this occurs is that those investors that sold off in late December to capture gains/losses in their portfolio reinvest those assets back into the market at the beginning of the following year. The […]
Market Update – January 8, 2010
The New Year 2009 ended up being a very good year for the US stock market. And yesterday’s gains provided an optimistic beginning to the New Year. While we welcome the positive stock market, we recognize the potential risks and remember very acutely just how quickly such gains can be derailed. However, we believe we […]
Market Update – December 15, 2009
Death of the Euro??? Almost every day you read an article or hear a story about the fall of the dollar. We believe there is a greater story occurring across the pond: the possibility of the euro collapsing. We believe for this reason we are starting to see the US dollar strengthen as money starts […]
Are We in a Bubble?
Mark and I remember March of 2000 when several individuals called to inquire about our opinion of Cisco – during the two days when it was the largest company in the United States based on market capitalization. When we asked these individuals if they knew what Cisco did, not one of them could tell us. […]
Market Update – November 17, 2009
Getting back to work With the unemployment rate at its highest rate in 25 years, many are asking if things will get better. The answer is yes. In some sectors it is already getting better. According to Forbes magazine, there are some businesses actually hiring: Sub-Zero has just added 165 people; Bank of America has […]