Time for Turkey?

Time for Turkey? The Holidays are almost here, but no, I'm not writing about your upcoming Thanksgiving dinner. I'm writing about a Turkey with Lira that's down 90% against USD and an equity market that's down 70% from its highs. TUR data by YCharts When others are fearful Emerging market equities have sold off broadly year-to-date.  … Continue reading Time for Turkey?

Actually, Technically, the Longest

Longest ever? The US stock market closed August to the accolades of  "the longest bull market in history."  By some measures, the S&P 500 achieved its longest rally ever.  Then again, by other measures, it did not. S&P 500, 1927 to 2018  Monthly close, inflation adjusted. Souce: MacroTrends.net There's a lack of consensus on how this … Continue reading Actually, Technically, the Longest

Egypt Waits for Spring

Cradle of civilization  Egypt has been called the "cradle of civilization." Egyptians are tied to some of the earliest forms of language, agriculture, and technology that's known to man.  While the country has experienced its share of modern social and political issues, Egypt today is ripe with potential.  Consider the following characteristics. The most populated … Continue reading Egypt Waits for Spring

Dimming the Lights

Last year I made the case for solar stocks.  I was reasonably optimistic about the long-term prospects for the industry and thought stock prices looked meaningfully undervalued.   I got lucky timing-wise because solar stocks were up 54% in 2017 -- that much I did not expect. Source: etfreplay.com Of course, I'm not complaining. But valuations … Continue reading Dimming the Lights

Greed and Fear

US stocks are at all-time highs and many valuations measures suggest they are expensive.  That doesn't mean the market can't keep rising and it's proven bears wrong for years.  However, it's fair to say US stocks don't look cheap by traditional standards. It's actually getting hard to find any market that looks like a compelling … Continue reading Greed and Fear