Monthly Archives: July 2014

When the long-always crowd starts switching around their seats (on the equity titanic), it is historically a sign that the great risk-rotation has finally arrived in earnest. The below portrait of the small cap Russell 2000 Index divided by the … Continue reading →

A smile this morning courtesy of one of my favorite Irish cousins: A woman was flying from Melbourne to Brisbane …Unexpectedly, the plane was diverted to Sydney. The flight attendant explained that there would be a delay, and if the … Continue reading →

Stock floggers like to talk about how dividend yields are “attractive” today relative to cash and bonds. Except that in their imaginary world, capital risk in equities is always “contained” to fleeting “corrections of 5 to 10%” that always bounce … Continue reading →