The Money Runner
S&P 500 won’t break out until earnings do – 3 things that could make it happen
By David Nelson, CFA US markets have frustrated both bulls & bears over the last year with the index unable to break out and sustain a path in either direction. However, the chart below confirms the problem started somewhat sooner, half way through 2014. The blended 12 month forward earnings of the S&P 500 (SPY) […]
2 factors that will make or break the market
By David Nelson, CFA Just 3 months into 2016 and already investors have been forced to deal with a lifetime of emotions. Too often we rationalize our decisions to buy and sell based on a subjective view of the market that can’t help but be influenced by the media and our own fear and greed. There […]
3 steps to a sustainable bull market
By David Nelson, CFA The financial community struggles to find a market bottom most looking to avoid the embarrassment of a wrong call. It’s lonely out on the edge and even lonelier when you get it wrong. Cramer has his 14 steps to a market bottom, I have mine and I’m sure many of you reading […]
Big Blues for IBM
https://www.youtube.com/watch?v=9_0NuRSEw5M&feature=youtu.be David calls out IBM executives for using stock buybacks to hide the fact that they aren’t growing. Revenue and cash continue to decline while debt climbs.
The Twelfth Round – Alpha Select November Update
Alpha Select – November 2014 Update *Alpha Select – November +3.00% YTD +14.51% **S&P 500 – November +2.45% YTD +13.49% * Net of Fees ** Includes Dividends By David Nelson, CFA Nothing short of a December knock out is going to save the Bears this year. With only 3 down months in 2014, the ref’s scorecard has it 8-3 […]
Buyback / Payback – BNN Interview
http://youtu.be/O3GvfEjV18w If CEO’s continue to pick the low hanging fruit it will be at the expense of R&D and the buildout of factories, service centers and jobs.
