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Brendan O'Boyle  

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  • Worst may be over for BHP in Brazil mine accident, Morgan Stanley implies [View news story]
    Just an observation: stocks bottom when the maximum number of investors think it's going to get worse.

    I don't know if this is the case yet for BHP, but the stock is definitely in deep value territory. I only have a 1% weighting in RIO in materials. I may add BHP in a similar weighting.
    Nov 15, 2015. 12:58 PM | 1 Like Like |Link to Comment
  • Financials cheer higher rates [View news story]
    I wonder how housing would do if we had a 5% 30 year mortgage rate?

    Who am I kidding, where I live everyone has an ARM...
    Nov 6, 2015. 12:04 PM | 1 Like Like |Link to Comment
  • Kinder Morgan EPS of $0.08 [View news story]
    After everything that has gone on this year I would have expected these results to be priced in. The market is surprised revenue is down? I don't see anything new here.
    Oct 21, 2015. 06:58 PM | 2 Likes Like |Link to Comment
  • Why This Is The Start Of A Bear Market [View article]
    "Valuations are still high: The current 12-month forward P/E ratio of 15.2 is above both the 5- and 10-year average."

    You may as well simply say "we are in a bull market."

    Valuations nearly always expand during bull markets, thus later on valuations are nearly always above long-term averages. This tells you nothing about when the present cycle will end.
    Oct 2, 2015. 03:47 PM | 1 Like Like |Link to Comment
  • Realty Income declares $0.1905 dividend [View news story]
    Why are you compounding a monthly dividend four times?
    Sep 15, 2015. 02:16 PM | 3 Likes Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    The interesting note about your observation is that high flying stocks in this bull market have still been greatly outpacing everything else.

    The NASDAQ is still barely negative for the year and outperforming the S&P.

    IBB still has a positive return YTD also. In fact the gains of the S&P have been increasingly concentrated in stocks whose valuations have become harder and harder to justify (NFLX, TSLA, AMZN, FB, maybe even GOOGL).

    I expect phase 1 would start with >50% corrections in many of these names. The current market action still looks like a garden variety correction to me, particularly with the lack of any discernible catalyst.
    Aug 22, 2015. 05:52 PM | 3 Likes Like |Link to Comment
  • The Second Wave [View article]
    I think what you are saying is you want to buy long-dated futures contracts. I don't trade futures, but this is about as simple as it gets you just buy the contract.
    Aug 22, 2015. 05:33 PM | Likes Like |Link to Comment
  • Think A Correction Is Imminent? You're Still Better Off In Stocks [View article]
    I don't understand why a recession would reduce equity returns from over 90% to 23% by 2025?

    Recessions are simply a part of the business cycle, there is a very low probability that we will run from here until 2025 without a recession.

    Stocks average returns (8-9%) already have recessions baked into them. A better reason to assume returns by 2025 will be lower would be valuation.
    Aug 8, 2015. 02:12 PM | Likes Like |Link to Comment
  • Reports: Qualcomm planning layoffs, could cut over 10% of workers [View news story]
    I feel like announcing layoffs right before a quarterly report bodes poorly for the quarterly report...

    I guess we'll see tomorrow.
    Jul 20, 2015. 04:59 PM | 6 Likes Like |Link to Comment
  • Weighing The Week Ahead: Will Falling Earnings Sink The Stock Market? [View article]
    Saying bonds are going down and investors should move from funds to individual bonds is like saying a bear market is on the horizon and you should sell your mutual funds and buy individual stocks.

    There is a chance you will do better if you pick bonds (stocks) well, but I wouldn't count on it.

    Think about it, if individual bonds could be chosen that automatically outperformed funds it would be the arbitrage opportunity of the century.
    Jul 12, 2015. 02:18 PM | Likes Like |Link to Comment
  • Will Greece be in or out? [View news story]
    If Europe stops funding the Greek banks Greece will be forced to issue its own currency. No bailout means Greece will be forced to abandon the Euro. So I would say your statement is incorrect.
    Jul 8, 2015. 06:50 AM | 1 Like Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    At that time the phrase 'bloodbath' might become appropriate.

    But that is what might happen, not what has happened.
    Jul 7, 2015. 10:49 AM | Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    It depends on the REIT. Down 25% is pretty bad, but the overall index isn't a bloodbath IMHO.

    10% is a correction, not a bloodbath.
    Jul 6, 2015. 04:38 PM | 4 Likes Like |Link to Comment
  • One Photo That Will Convince You To Sell China [View article]
    Long BABA and BABA?

    Maybe it's a typo and he's long ABBA? Mamma Mia here we go again...
    Jul 6, 2015. 03:59 PM | 55 Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    A couple points:

    First, I think using 'bloodbath' or 'carnage' to describe a 5.7% YTD decline is a bit much.

    Second, you should use total return not price return for your REIT vs. SPY chart. On a total return basis REITs were neck and neck with the S&P 500 before this pullback and are now slightly behind. You can't expect REITs to payout 4% a year and keep pace with the S&P 500 in price.
    Jul 6, 2015. 03:37 PM | 11 Likes Like |Link to Comment