Category Archives: EQUITIES

Bearish Sentiment Rises to Highest Level Since March 2009

Posted on September 2, 2010 by Denis Ouellet

In mid-August we noted that investment advisers picked the wrong time to turn bullish as bullish sentiment rose sharply just before the S&P 500 began its next leg lower.  While early August was the wrong time to turn bullish, will … Continue reading →

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Detecting Deceptive Discussions in Conference Calls

Posted on August 31, 2010 by Denis Ouellet

In my 35 years career as an equity investment manager, I have interviewed thousands of company executives and attended hundreds of company presentations. Experience has taught me to beware of certain types of executives and certain types of presentations. In … Continue reading →

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Posted in EQUITIES, INVESTING | Leave a comment

RISK APPETITE REMAINS LOW

Posted on August 31, 2010 by Denis Ouellet

The State Street Investor Confidence Index is interesting in that it quantitatively measures institutional investors’ actual equity weightings and translates that into an index. The index assigns a precise meaning to changes in II risk appetite: the greater the percentage … Continue reading →

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Combined profits of China’s listed companies surge 41% in H1

Posted on August 31, 2010 by Denis Ouellet

Most of China’s listed companies posted strong growth in profits amid market fluctuations in the first half, according to figures in reports released by those companies. Of the 1,947 companies listed on the Shanghai and Shenzhen stock exchanges, 1,700 made … Continue reading →

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WORLD EQUITY MARKETS VALUATION SUMMARY

Posted on August 30, 2010 by Denis Ouellet

From Goldman Sachs

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A BREAKDOWN OF CHINESE EQUITIES ALPHABET SOUP

Posted on August 30, 2010 by Denis Ouellet

From Goldman Sachs

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Posted in Chinese Equities, EQUITIES | Leave a comment

RISKS, HEDGES AND OPPORTUNITIES: once-in-a-lifetime opportunity?

Posted on August 30, 2010 by Denis Ouellet

Amid fresh reports of economic weakness in the housing, retail and manufacturing sectors and in the labour market, the complexion of the US economy has shifted toward the deflationist view of a long period of low inflation and low growth … Continue reading →

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Posted in CONTRIBUTORS, ECONOMY, EQUITIES, Risks, Hedges & Opp..., US economy | Leave a comment

TONY BOECKH: INCREASING RISKS

Posted on August 27, 2010 by Denis Ouellet

Tony Boeckh is also getting more cautious on risk assets: A double-dip U.S. recession is still not a done deal but forces are all on the side of economic weakness and deflation, and a double-dip recession next year carries a … Continue reading →

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Posted in CONTRIBUTORS, Chinese Equities, ECONOMY, EQUITIES, FISCAL STIM./DEF., GOLD, INFLATION/DEFLATION, INTEREST RATES, INVESTING, Oil, Tony Boeckh, US equities, bonds | Leave a comment

U.S. Equities: Scaling Back On Risk

Posted on August 27, 2010 by Denis Ouellet

BCA Research advises caution. Also see my post of yesterday  SEASONALITY OF EQUITY MARKETS: HERE COMES SEPTEMBER Our U.S. equity and bond teams have made an important tactical shift to their respective portfolios. We have been overweight risk assets relative … Continue reading →

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SEASONALITY OF EQUITY MARKETS: HERE COMES SEPTEMBER

Posted on August 26, 2010 by Denis Ouellet

September is statistically the most dangerous month of the year, followed by October. Equity markets are cheap but there are several reasons to play the odds and play it safe for the next several weeks. First, the seasonality charts. The … Continue reading →

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NOW WE’LL TELL YOU WHY THIS IS A DEPRESSION

Posted on August 26, 2010 by Denis Ouellet

David Rosenberg: Now we’ll tell you why this is a depression, and not just some garden-variety recession. For all the chatter about whether the recession that started in December 2007 ended sometime last year, here is what you should know … Continue reading →

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Posted in ***RECOVERY WATCH, ANALYSIS, ECONOMY, EQUITIES, US economy, US equities | Leave a comment

Beware of Leveraged Short ETFs

Posted on August 24, 2010 by Denis Ouellet

I wrote about that several times in the past. Here is Barron’s warning. (…) Short ETFs — including the most popular, the ProShares UltraShort S&P 500 (ticker: SDS), with about $3.7 billion of assets under management – aren’t meant for … Continue reading →

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