http://www.catamountcp.com Just another WordPress weblog Thu, 06 Oct 2011 20:04:34 +0000 http://backend.userland.com/rss092 en To All, The markets have been rough. The S&P 500 was down (-7.18%) in September and is down (-10.04%) for the year. In my last blog, I surmised that we were entering the next phase of the bear market. On the first day of trading this month, the S&P 500 index ... http://www.catamountcp.com/?p=246 For several years I have asserted that the US Stock markets would endure a prolonged cycle of extraordinary volatility and below average returns.  In financial circles, these cycles are coined “Secular Bear Markets.”  Anyway, my conviction that we were in the midst of a secular bear market was so strong ... http://www.catamountcp.com/?p=230 Some of my comments today will sound a little too much like “trader talk" for my liking. But after all, I have been saying that there’s nothing from a valuation standpoint that a money manager can hang his hat on these days.  At today’s stock prices, investors are paying too ... http://www.catamountcp.com/?p=224 To All Clients, The market is near the precipice of serious trouble.   The Dow is trading below the psychologically important 10,000 level and the S&P 500 has fallen almost 15% in the last 2 months.  Although the short-term oversold market conditions may provide a good setup for at least a brief ... http://www.catamountcp.com/?p=205 It is old news that the market has enjoyed a very strong rally since last March. In my opinion, it has occurred on the back of misguided confidence that the next economic boom would soon follow.  I give an abundance of credit to the news headlines, government stimulus, and market ... http://www.catamountcp.com/?p=199 The following represents an email I sent to Catamount clients on November 27, 2009.  I'm publishing the email on my blog because it has particular relevance to topics that I intend to discuss in the near future. Dear Clients, The markets produced neurotic action today in the wake of Dubai’s debt ... http://www.catamountcp.com/?p=189 Stocks have been rallying with little pause since March 9.  Last Friday, the Dow Jones Industrial Average closed above 9500 for the first time since November of last year.  After falling 58% from the October 2007 high, the S&P 500 has rallied 54% from the bottom.  Still, the market remains ... http://www.catamountcp.com/?p=173 By proceeding, I acknowledge that I have read and understood the Disclosure and Copywrite Statements. In my Year End Review, I predicted that the capital markets would present historic challenges for investors in 2009.  Though my writings have been plenty fervent for more than two years, that quote may go down ... http://www.catamountcp.com/?p=147 By proceeding, I acknowledge that I have read and understood the Disclosure and Copywrite Statements. Lately, I've been fielding numerous calls and emails from people that have recently engaged in gut wrenching conversations with their investment advisors about their hemorrhaging portfolios. Apparently unsatisfied with the answers, they have asked me to ... http://www.catamountcp.com/?p=86 By proceeding, I acknowledge that I have read and understood the Disclosure and Copywrite Statements. The numbers are in. The S&P 500 Index returned -38.5% in 2008 and -41.9% since the bear market began in October 2007. Most of the world’s stock markets behaved worse. Virtually every asset class including real ... http://www.catamountcp.com/?p=60