Greenlight Capital Q3 Letter to Shareholds – “Desperate measures in non-desperate times”
by on Oct 26, 2012 •Below David Einhorn’s Q3 letter to shareholders. Einhorn has become one of the great hedge fund managers so its worth giving his letter a little time to hear what he says. For note he finished Q3 strongly at +13%. Since 1996 he has achieved an annualized 21.5% return at his firm, Greenlight Capital. For regulars...
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Weekly Market Roundup – “Short Term Risks Of Mild Correction”
by on Oct 15, 2012 •Apologies for the delay in posting up Standard’s report. The SC team have become shorter term bearish it seems but medium and longer term remain committed to their long defensive equities, gold and oil position. If the recent weakness breaks the recent up trend they recommend using the weakness to add to positions. I would...
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Weekly Technical Comments – “Price Structure Remains Bullish Above S&P1430”
by on Oct 9, 2012 •The Swiss team sticking to their pro material and cyclical bullish theme again. They observe the strong rally in defensive and admit being surprised by the relative strength. On the break of 1430 they explore possible alternative scenarios and interestingly the possibility of an early q4 correction in markets. They maintain that this is a...
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Weely Market Roundup – “Don’t Fight The Fed – Short Term “Risk Assets” Overbought”
by on Oct 5, 2012 •An excellent report as usual. Ill leave specific comments for now until i have a little more time but here below the pdf. My brief single comment here, if i may, is that over bough technical indicators can remain over bought for an extended period so whilst i agree I maintain that the next week...
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Weekly Roundup – “Clouds on Horizon” But Positive “Structural Drivers Intact”
by on Sep 28, 2012 •SC’s weekly roundup and recommendations below. An excellent report as usual without any major changes to their stance from last week. They sight “many clouds on the horizon” and a short term risk of a correction in asset markets. They would use the opportunity of a decent correction to buy more of their preferred assets...
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Weekly Round Up – “Short Term Pull Back But Equity Markets Offer Great Value”
by on Sep 24, 2012 •The weekly SC report wasn’t published last week due to holidays in the team. In stead I post up their monthly report. SC remain bullish on the markets though under weight materials and cyclical stocks in general. They debate the low vix vs the bullish erp reading with the summary being for a short term...
Weekly Bullion Technical & Macro Comments – “1791 to 1803 To Provoke A Sell Off – Medium Term View Neutral”
by on Sep 23, 2012 •The German team are increasingly concerned the recent spike up in gold prices has been over done. Technically the metals are over bought and approaching some key resistance zones. Gold short term could extend to 1791 and even to 1803 but this area should provoke profit taking and short sellers to emerge. Gold is over...
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Weekly Technical Comments – “A Break of 1470 Would Call For 1490”
by on Sep 18, 2012 •The Swiss team are torn between near term mild over bought indicators suggesting some profit taking and the strong bullish internal technicals of increasing new 52 week highs and increasing volumes. Sector wise they are pro cyclical stocks advocating material themes. “We see any near-term weakness only as a temporary pause, so that we would...
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Weekly Roundup – “Risk On Rally Likely to Continue”
by on Sep 14, 2012 •Another excellent report, in my view, from the guys at SC. Breakouts for the DOW, SP500 & Nas100 is positive US equities. Many emerging market indexes have also bounced up a long way and the Shanghai significantly stepping back from a continuation of breakdown through her support levels producing a possible failed breakdown which always...
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Weekly Roundup – “ECB’s ‘Unlimited Action Changes the Risk Reward Dynamics”
by on Sep 7, 2012 •Ive been following SC’s (high net worth private client) wealth management weekly report for a while. To my mind its been accurate and timely in its recommendations and insights. It nicely brings together the key fundamental and technical strands of world asset markets, monetary and fiscal policy all in one weekly report. The ECB’s unlimited...
Economic Data Review & Greenlight Capital Q2 Letter
by on Aug 9, 2012 •We remain at the cross roads and to steal the line from UBS a “make or break” moment in world asset markets. So lets use the time to reconsider where we are fundamentally here. In my view the fundamentals are finally in line with the techncials albeut at a higher nominal level than i would...
Weekly Economic Indicator Review..
by on Jun 23, 2012 •Here the regular weekly economic indicator report by WF. WFWeeklyEconomicCommentary-220612 And something below, i found of interest.. student loan data. By hook or by crook money supply must grow in a fiat money system.And note this is now a world wide developed world trend. That is, health, education, heating, water costs that were traditionally...