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Category: Articles
We’ve addressed our feelings on the uselessness of CAPE before but I am seeing it being used frequently once again so it is time to revisit….
In fact, the WSJ just referred to it again…..CAPE hasn’t “worked” in over a decade at predicting anything (not that it ever really did)…it.s time to put it to bed
We need to put to bed once and for all the notion the Fed is ahead of things and set rates to lead the market. It simply follows the market’s lead…..
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Economies Drive Markets
Some of Davidson’s best work….
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Private GDP Continues It’s Rise
GDP came in at 3% today despite two hurricanes……..that means we ought to see Q4 above 3% also as reconstruction begins. It’ll be the first time we’ve seen 3% plus growth for three consecutive quarters since before the financial crisis.
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Invest In Well Defined Behavior
“Davidson” submits:
You can’t forecast what you cannot see…or can you? People are more predictable than things.
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Subs: GSE Docs Hacked????
Fairholme just won a “quick peek” at GSE docs……. might we all get a peek soon?
Today’s jobs report showed a loss of US jobs. This is but hurricane induced a blipa All the underlying data continues to support a growing economy and thus equity markets.
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Dollar Rises As Capital Seeks Returns
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Rate Spread Positive for Equities
The 10yr/T-bill spread is telling a different story than the media….
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“Davidson”: Consensus v Reality
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The Dollar & Oil