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Behavioural Finance turns to magic Pills in the search for the elusive alpha!
Achieving abnormal profits, the so-called alpha in the stock market, is becoming ever more difficult and in the process, for many of the so called “hedge” funds (which do precisely the opposite and simply chase beta in a levered manner), justifying the fees that are charged to clients is also a hot topic. While the…
Nomura’s Bob Janjuah updates with his thoughts on the markets
Time has come to update my views. I have not written since late January as markets and economies have by and large moved as we expected back then. That late January note – which set out in detail my market views into April/May – is reproduced in its entirety below, and below each main bullet…
How has your fund manager performed this year?
Past performance is not necessarily a guide to the future.
First his penthouse, now a $1bn loan against his art collection – is Steve Cohen strapped for cash?
Is our friend Steve “Stevie” Cohen struggling in the old readies department at the moment? He has had some heavy legal bills in recent months and of course a painful fine of hundreds of millions of dollars (without admitting any “wrongdoing” – work that one out!) SAC Capital was recently renamed now Point 72 (a…
Titan Inv Partners – The message from the Coppock indicator one should not ignore
Richard Jennings, Titan Inv Partners Markets are, by their very nature, forward looking beasts. They are largely unconcerned with what has been and gone, rather they want to look to the future – be it 6, 12 or 24 months out. This is essentially the reason that if a company beats earnings estimates when it…
Zak Mir on Hunting for Hydrocarbon
Given the way that Crude Oil has been practically flat lining either side of the $100 level in recent months, it seems that the real action as far as the commodity is concerned stems from equities related to it. Indeed, the surprise is that we are actually seeing some of the big oil & gas…
Zak Mir on SBM’s “Dear” founder & The Mining stocks challenge!
Every now and then I like to take a look at what can only be described as the “favourite” stock of Spreadbet Magazine founder Richard Jennings – Kazakhmys (KAZ). As luck would have it, the last big move for the shares to the upside was spotted as a Cup & Handle buy formation and indeed,…
US Small Caps act as canary in coal mine for the wider market…
In another classic sign of the market topping, the leaders of the long bull run – US small cap and technology stocks continue to implode while the headline indices like the Dow Jones Industrials and the S&P 500 remain stubbornly near their record highs. This is typical of a market rollover pattern. The smart money…
Zak Mir on Small Cap Oiler favourites – Xcite Energy, Bowleven, Gulf Keystone, Gulfsands Petroleum & Rockhopper
CLICK THE VIDEO IMAGE BELOW TO VIEW MY VIDEO ON THESE STOCKS Xcite Energy (XEL): Bullish Shares rocket on news of Statoil / Shell partnership. Second, higher support in April above 60p was a “flag” of the impending deal and a break higher for the stock. Best case scenario target towards top of…