Mar 13, 2015
This week’s program goes around the world in one hour in a whirlwind hunt for bargains. With the dollar bizarrely strong, international investments, by definition, are less expensive. Euro (EURUSD) - US Dollar Spot Exchange Rate
- Graph courtesy of Bloomberg L.P.
US Dolloar Index (DXY)
- Graph courtesy of Bloomberg L.P.
“All of us, whether or not we are warriors, have a cubic centimeter of chance that pops out in front of our eyes from time to time. The difference between an average man and a warrior is that the warrior is aware of this, and one of his tasks is to be alert, deliberately waiting, so that when his cubic centimeter pops out he has the necessary speed, the prowess, to pick it up.”
- Carlos Castaneda
S&P 500 with Current Earnings Yield (SPX)
- Graph courtesy of Bloomberg L.P.
Russell 2000 Index with Current Earnings Yield (RTY)
- Graph courtesy of Bloomberg L.P.
STOXX Europe 600 Index with Current Earnings Yield (SXXP)
- Graph courtesy of Bloomberg L.P.
“THE PRICE OF OIL IS ABOUT TO BLOW A HOLE IN CORPORATE ACCOUNTING”
WTI Crude Since 1983 (CL1)
- Graph courtesy of Bloomberg L.P.
As the valuations for reserves are written down gradually this year as required by the SEC pricing rules for reserves, energy company write offs could dent the overall corporate profits enough to cause profits in 2015 to be lower than the totals from 2014. Further, bankruptcies have already started coming fast and furious: Crude Collapse Has Investors Braced for ’80s-Like Oil Casualties
Overreactions to Federal Reserve changes in posture this year could provide a window of opportunity similar to 2010 and 2013 CBOE 30 Year T-Bond Yield Index (TYX) - 15 Years
- Graph courtesy of Bloomberg L.P.
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