Global Investing

RIP 2008-2009

January 4, 2010

It was down, down, down in 2008 and up, up , up in 2009. So what will 2010 bring?

Credit rules, ok?

November 17, 2009

Equities may be the poster child for this year’s market recovery, but corporate bonds have been the runaway outperformer.

“Normal” volatility to help rally?

October 16, 2009

As the graphic above shows, volatility in U.S. stocks has re-entered what could be called normal territory after soaring higher during the financial crisis. The blue band is plus or minus one standard deviation around the 1990 to 2007 avverage.

Know when to hold ‘em

October 9, 2009

If you had bought emerging market stocks exactly at the top of the bubble and sold them exactly at the bottom of the crash, you would have suffered a lot of pain (and probably shouldn’t be in the investment business in the first place).  The loss would have been 67 percent of your principal.

Are investors building for a fall?

July 30, 2009

Reuters has taken its monthly snapshot of the investment choices of leading fund management houses across the world. At the end of July, the picture painted was one of investors embracing risk and shutting down their safest holdings.

Befriending a trend

July 20, 2009

Trend is your friend.

This is an old cliche every market player knows, but Jack Ablin, chief investment officer of U.S.-based Harris Private Bank, argues against befriending all trends blindly.

Big Five

May 11, 2009

Five things to think about this week:

VALUATIONS
- The MSCI world stocks index has rebounded 37 percent since March, the VIX fear gauge has hit its lowest level since September 2008, and positive earnings surprises in Europe are marginally outstripping negative ones. But there are serious questions over the equity market’s ability to sustain its rise.

Something to show off

April 23, 2009

Top Chinese officials were busy showing off warships and submarines to celebrate the 60-year anniversary of their navy today, but they have something to boast about when it comes to their economy too.  It is, after all,  the world’s third largest.

The end of the end?

April 20, 2009

While nobody would be rash enough to predict the end of the economic downturn, there are certainly increasingly loud murmurs that the bottom of the stock market fall may have come.

Big Five

April 20, 2009

Five things to think about this week:

EARNINGS DELUGE
– A heavy U.S. earnings week looms and the European reporting calendar is picking up. While more banks and financials will be reporting (e.g. Bank of America, Bank of New York Mellon, Credit Suisse and a trading update due from Barclays), results will start flowing from a wider range of sectors in both the U.S. and Europe (ranging from Apple and IBM to Glaxo SmithKline, Du Pont, Coca Cola). Health of the broader economy on display.