Articles

Home Prices Soar

  According to the May 28, 2013 Case-Shiller 20-City Home Price Index (HPI) report, home prices rose strongly in March. The report showed that home prices rose a very strong 1.1 percent on a seasonally adjusted basis. The reading marks the fourth straight gain of over one percent. On a year-over-year basis, home prices rose […]

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Fund Flows: Following The Money

On balance, mutual funds and ETFs saw net inflows for the month of April. Source: Lipper Notwithstanding recessionary concerns in Europe and the slowing economy in China, the biggest winners in the world of mutual funds were World Equity Funds and Mixed Equity Funds. According to a report by Lipper, April marked the “tenth consecutive […]

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What’s Really Happening With Housing

This past Wednesday the Mortgage Bankers Association issued its weekly report on mortgage applications. As can be seen in the first table in the above graphic, all of the MBA’s metrics were down for the week ending 5/17/13, and the numbers follow equally large declines for the previous week. However, the report released on Thursday […]

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Myriad Genetics (MYGN): Knowledge Is Power!

Recently, Angelina Jolie announced that she underwent a prophylactic bi-lateral mastectomy in an effort to reduce her chances of being afflicted with breast cancer. Jolie’s mother, Marcheline Bertrand, died of ovarian cancer in 2007 at age 56, and Jolie’s maternal grandmother, who died in 1973 at age 45, was also diagnosed with ovarian cancer. Jolie’s […]

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Major Retailers See A 3.1% Rise In Weekly Sales

Earlier today the ICSC-Goldman Store Sales gauge showed a 3.1 percent increase over the prior week. The report attributed the rise to pent-up demand following the previous week’s weak report, and to the warm weather throughout much of the country. Unfortunately, the gain does little to lift its full month outlook which is flat to […]

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A Little More Sputtering

Earlier today the Federal Reserve Bank of Chicago reported that manufacturing activity decreased 0.53 percent in April. The decline follows a 0.23 decline in March. This information only serves to reinforce information presented in my earlier post (i.e. national economic activity is weak). According to the report: “Three of the four broad categories of indicators that make […]

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VWELX & VWINX — The Perfect Way To KISS!

Many years ago I enrolled in classes which focused on electrical energy and fluid dynamics. In the electrical energy class I learned how electricity always seeks the least resistant path to ground and I remember thinking that all elements in nature (except for human beings — well — most humans anyway) follow a path of least […]

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Spittin’ & Sputterin’ Along

Though the stock market is still rising, and though consumer sentiment is up (from 76.4 in March to 83.7 in April), economic warning signs continue to litter the road to recovery. For the month of April, industrial production declined 0.5 percent, with the manufacturing component of the report showing a 0.4 percent decline (and that […]

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United Technologies: A Marathon Winner For The Ages

Commentary: “Slow and steady wins the race.” Maybe not so true for a short-distance sprint, but true for many long distance races — and certainly true for long term investing. In an age where life moves at the speed of light (or, at lease at the speed of bits and bytes over a high speed […]

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Elbit And Modern Warfare: The New Normal

Commentary: When PIMCO’s CEO, Mohamed A. El-Erian, delivered his “Navigating the New Normal in Industrial Countries” at the Per Jacobsson Foundation lecture in 2010, he stated: “Our use of the term was an attempt to move the discussion beyond the notion that the crisis was a mere flesh wound… instead the crisis cut to the bone. It […]

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