Warren Buffett says buy. Jeremy Grantham says it will get worse. Both are celebrated value investors. Who is right? It all depends upon your view of the third derivative of investing. Today we look at valuations in the stock market. This is the second part of a speech I have given in the past few [...]
“I’ve seen an elephant fly”,weather forecasts, and why the worst will soon be over
It is almost sad for us that the worst of the world’s largest ever bank crisis is just about to or may even have passed its peak. It was fun not to hold any and be thought a crazy, even though if [...]
by Dennis Gartman, Gavekal, and Wolfgang Munchau
First, from Dennis Gartman:
The dollar and the Japanese yen reign absolutely supreme as the world continues the rush to exit from the EUR in whatever form it now holds them. Stock markets around the world are imploding it seems, and as they do, “risk” in any form is being [...]
In this issue: The Curve in the RoadNecessary but Not SufficientWhy the Government Had to Step InAll the King’s HorsesHow Can I Be 59?
The “Bailout Plan” was passed. Will it work? The answer depends on what your definition of “work” is. If by work you mean no more government intervention and no further costly programs and [...]
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