A note on price targets

I have had some price targets posted on the left-hand side in Google doc format since the new year. Most of these targets were for “Armegeddon” pricing (growth never>3%, or sales declines of 15% annualized for 2+ years). However, price targets like these are useful if one believes a bear market is coming [...]

Year-to-date equity performance

Following up my bond post, my Marketocracy equity accounts (left hand side of this blog) continue to do well. The long account is done according to “mutual fund” rules, the short account is “not compliant” but it is meant to be considered as part of a long-short fund where my neutral allocation is about [...]

Update on January bond calls

In January, I posted that it was looking reasonable to short Treasurys, long junk bonds (but a better entry price could be had), and probably avoid (but not short) higher grade corporates and munis in general. How has that done since my post on January 6th?
Using the ETF proxies: TLT (long bond): -13%, so [...]