In October 2004, the New York Yankees did the unthinkable. They blew a 3-0 lead and lost the World Series against their archrivals the Boston Red Sox. Is a similar epic collapse happening in the precious metals market?
After racking up a 144% gain from late 2008 to mid-2011, gold prices... Read More
Every single day we are barraged with an array of conflicting data about the stock market.
“Stocks are expensive,” says Guru A. In the same conversation, Guru B proclaims, “Stocks are cheap.” With the S&P 500 (NYSEARCA:SPY) hitting all-time highs, do stock valuations matter?
Using... Read More
Are ‘smart beta’ strategies really a new and better breed than competing investment strategies or just an innovative word trick for something else?
James Montier, a member of GMO’s asset allocationteam observes:
“When these strategies are corrected for their exposure to ‘value’... Read More