Archive for July 13th, 2010

A Comparison of Passive Investment Strategies

A Comparison of Passive Investment Strategies

| July 13, 2010

Many commentators on financial television have lamented the “death” of buy-and-hold as a viable investment strategy, citing negative returns for stocks over the past decade. However, this sentiment reflects a lack of understanding of secular market cycles. Of course stocks have lost value over the past ten years: they have been in a secular bear [...]

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The Current State of the Secular Bull Market in Gold

The Current State of the Secular Bull Market in Gold

| July 13, 2010

In early 2001, US and European stock markets were in the early stages of a secular bear market that continues today. In response to the deflationary pressures that accompanied the onset of the secular bear, the central banks of the world engaged in an obligatory campaign of monetary inflation, and the latest secular bull market [...]

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Stocks Continue to Rally on Relatively Low Volume

Stocks Continue to Rally on Relatively Low Volume

| July 13, 2010

The pattern of high volume declines followed by low volume rallies since the long-term high in late April continues to unfold as anticipated, with the most recent oversold reaction on the S&P 500 index bouncing about 7% over the course of one week. The current rally has now moved up to an area of multiple [...]

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Short-term Forecast for July 13, 2010

Short-term Forecast for July 13, 2010

| July 13, 2010

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