Gregory Orr

Fair Value for the S&P 500? Tell Me Lies, Sweet Little Lies

I just know it's up almost 45% off the march lows, and earnings look fair but revenue growth sucks. Add in future CMBS and assorted credit losses, and I'm happy, sleeping well, in TIPS and cash...

Is the Inflation Scare Over Yet?

Thanks for a great article. TLT closed at almost 92 1/2 on friday, my target high, so I'm looking for a rebound in financials this week and TLT to drop back towards 88. Inflation will rule in the end, and the impetus will come from foreign investors continuing to lose confidence in the dollar. The future sentiment will be that they'll much rather hold equities than long bonds, which have almost no rational prospect of gaining value, other than "flight to Quality" bounces when stocks take more write-downs and miss earnings targets.