Brexit is a Bear Stearns moment, not a Lehman moment. That's not to diminish what's happening (markets felt like death in March, 2008), but this isn't the event to make you run for the hills.
I took this week off for a holiday...until the UK Leave vote required a hasty return to address a radical shift in the global politico-economic landscape. Yet, it must be allowed that nobody could have confidently predicted the outcome of the UK referendum on European Union membership.
There are thousands of stories about Britain’s decision to depart the European Union. Here’s a round-up of 10 to catch our attention.
You might have heard, British voters are heading to the polls today, and they’ll decide whether to keep calling their meat pies “meat pies” or to succumb to the eternal damnation of being force fed European goulash.
The top 100 hedge funds averaged a return north of 10.5% in 2015, and the three-year average is a tad below 17%. Meanwhile, there are a lot of equity-long-short funds, indicating that good stock pickers are still around.
For a relatively safe investment, the market says investors should be selling gold and buying platinum. That can be done either by buying a platinum exchange-traded fund and selling a similar amount of a gold ETF or simply by trading gold coins for a greater number of platinum coins.
Janet Yellen just blew all remaining semblances of credibility believed to be still present at the U.S. Federal Reserve Board.
A massive "financial blip" is on the radar screen, headed directly for your position. It's not the government coming to help you. But it is mostly the result of their formulated policies which have stood proverbial common sense on its head.
In a piece subtly titled “Institutional Investors are Delusional,” Meb Faber points out that the mean expectations in a poll of investors on net returns is 13%. That would require a gross return of 20%. Just 1% of more than 400 respondents (so just four people) are rational.