Author Archives: John Coumarianos

Morningstar: Slim pickings in stocks

Current starting valuations are high.

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Indices for January

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Indexers having their day

There’s no questions that indexing has become more popular. And since most active managers can’t beat the index, that’s probably a good thing. Here’s the latest piece arguing that it’s impossible to identify market-beating managers before the fact. Larry Swedroe … Continue reading

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Greek Default: Get on with it

Brett Arends calls for Greece to default.

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Okie from Muskogee struggling (The negative consequences of cheap oil)

According to this LA Times piece, the Kern County supervisors have declared a fiscal state of emergency due to lack of anticipated property tax revenues because of the low price of crude. Not many people know Kern County (110 miles … Continue reading

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Gundlach: Deflation

The Fed is in a difficult spot. It will raise in order to have more tools in the future. If the economy seriously rolls over before they raise, they will have no tools left. That’s what they’re trying to avoid. … Continue reading

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Sam Zell: Opportunities for gravedancing

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Today’s Reads

The NYTimes has a good piece and a data segment detailing the shrinking of the middle class. Megan McArdle discusses the taxation of the upper middle class by targeting its savings. Morningstar discusses the Illinois retirement plan initiative mandated by … Continue reading

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Gold: not linked to industrial commodities

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Correlation

This isn’t the way value investors typically think, but correlations have been very high for the past 18 months or so — except for high yield and commodities. Are they the canaries in the coal mine? Especially if you think … Continue reading

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