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David Moenning

 
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  • Daily State Of The Markets: 2 Indicators That Make You Say, 'Hmmm' [View article]
    Excellent point. However, every money manager on the planet is focused on the next quarter/calendar year.

    For individual investors, the message here is simple: Take your foot off the gas and raise some cash to be put to work during the next meaningful decline.

    Dave M.
    Sep 21, 2014. 11:29 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: It's Fed Day, Here's What We're Watching... [View article]
    Yes, that is indeed the Fed's "big bet." They are basically betting that by warning the markets every month, for many, many months, that they are going to gradually return rates to more normalized levels, that the markets can avoid the traditional freakout. I believe it can play out this way, but there are lots of hurdles/challenges. So, it is best to keep your risk management toolbox at the ready.
    Sep 19, 2014. 09:07 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: Where's The Oomph? [View article]
    Change is coming... just very slowly!
    Sep 19, 2014. 09:03 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: It's Fed Day, Here's What We're Watching... [View article]
    Based on Yellen's bent, you may get your wish starting next summer...
    Sep 18, 2014. 09:22 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: Buyers Decide To Stand Aside Until... [View article]
    Thanks for the advertisement...
    Sep 17, 2014. 09:12 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: The Fed Is Betting Big That... [View article]
    The key is to watch the action in the bond market...
    Sep 16, 2014. 09:22 AM | Likes Like |Link to Comment
  • The Fed's (VERY) Big Bets [View article]
    Good for you! Thanks for sharing your story.
    Sep 13, 2014. 10:39 AM | Likes Like |Link to Comment
  • The Fed's (VERY) Big Bets [View article]
    As the saying goes, sell when you can, not when you have to!
    Sep 13, 2014. 10:38 AM | 1 Like Like |Link to Comment
  • The Fed's (VERY) Big Bets [View article]
    It will likely take years... 5 - 10?
    Sep 13, 2014. 10:38 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: Searching For Value (And Finding It In The VIX) [View article]
    This seems to be the sentiment of Soros, Ichan, and now Sam Zell... hmmm...
    Sep 9, 2014. 08:23 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: Searching For Value (And Finding It In The VIX) [View article]
    Thanks for the input - differing opinions are what makes a market, right!
    Sep 9, 2014. 08:22 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: Searching For Value (And Finding It In The VIX) [View article]
    Thanks for reminding readers of this fact - the VXX, VIXY ETFs are NOT investable... These are trading vehicles only!
    Sep 9, 2014. 08:21 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: Searching For Value (And Finding It In The VIX) [View article]
    JCCIII - First, thanks for the kind words. Second, thanks for your point on oil. I kinda lumped oil in with commodities and you are correct, this is an area that could be a decent play from a longer-term perspective. But, as anyone who has ever invested in oil knows, you've got to be patient!
    Sep 9, 2014. 08:21 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: No Professor Shiller, Stocks Are Not Dangerously Overvalued [View article]
    I knew the moment I wrote that sentence that someone would apply it to 2000. That was not the point in any way shape or form.

    In 2000, analysts were making up indicators to justify sky-high valuations in the internet space. It was sheer lunacy and the game spilled over into tech and growth stocks. (Recall that if one held the Value Line during the 2000-02 period they did just fine because those stocks hadn't gone berserk).

    The point is that the game is indeed different in 2014 than it was in 1974. Therefore, one must look at valuation measures from a relative standpoint.

    I'm not saying stocks are cheap. I'm simply saying that they are not "dangerously overvalued" - except in the mo-mo internet-type names, of course.
    Aug 27, 2014. 09:35 AM | Likes Like |Link to Comment
  • Daily State Of The Markets: No Professor Shiller, Stocks Are Not Dangerously Overvalued [View article]
    LOL - Yes, you can call me a bull at the present time. But I do reserve the right to change my stripes when conditions warrant.

    As for the Media P/E, we look at trailing 12 month earnings and the current reading isn't above 2007 or 2000 - although it is in the same range.

    However, let's remember that in 2000, the issue was insanity relative to valuations. And then in 2008 it was a financial crisis.

    Therefore, I don't feel that valuations are "causal" at this stage.

    Have a great day!

    Dave
    Aug 27, 2014. 09:31 AM | Likes Like |Link to Comment
COMMENTS STATS
558 Comments
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