Archive | March, 2011

March 2, 2011 – The 'New Normal' Calls for a Lower Market Multiple Range

SPECIAL END OF THE MUTUAL FUND ISSUE Featured Trades: (PE MULTIPLES IN THE NEW NORMAL)   2) The 'New Normal' Calls for a Lower Market Multiple Range. I am getting tired of the endless procession of perma bulls who keep insisting that, at a 15 times multiple, the S&P 500 is cheap. The last time […]

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March 2, 2011 – Bidding for the Stars

SPECIAL END OF THE MUTUAL FUND ISSUE Featured Trades: (BIDDING FOR THE STARS)   3) Bidding for the Stars. A few years ago, I went to a charity fund raiser at San Francisco’s priciest jewelry store, Shreve & Co., where the well-heeled men bid for dates with the local high society beauties, dripping in diamonds […]

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March 2, 2011 – The Death of the Mutual Fund

SPECIAL END OF THE MUTUAL FUND ISSUE Featured Trades: (DEATH OF THE MUTUAL FUND)   4) The Death of the Mutual Fund. ETF’s are much more attractive than mutual fund competitors, with their notoriously bloated expenses and spendthrift marketing costs. You can’t miss those glitzy, overproduced, big budget ads on TV for a multitude of […]

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March 2, 2011 – Quote of the Day

'Bankers will get away with whatever they can get away with'┬ŽOur banking system is socially useless,' said an oversight body in the United Kingdom.  

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