March 2, 2021

Of Course This Ends Badly

Subscribe! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Magic # for Rates – Is 1.5% the level where 10-year Treasury rates become competitive with stocks? How about 1.75%? How about 2%? ►Weak Balance Sheets – Stocks with weak balance sheets are now ou...

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A Bleak Future For Long-Term Government Bonds

Ben Carlson · A Bleak Future For Long – Term Bonds Warren Buffett was none too kind to bonds in his annual shareholder letter this past weekend: And bonds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at yearend – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countr...

Voyager

Our most aggressive asset allocation strategy, named for NASA’s longest duration mission, is called Voyager. The term aggressive is a loaded word, it carries with it a connotation of truculence or irresponsibility – as though being aggressive is somehow an incorrect or reckless posture regardless of the circumstances. This is one of the reasons why we’re so careful about the words we use when sitting wit...

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Update on Enloe State Bank

We posted about the failure of Enloe State Bank in Texas a couple years ago. Here is the update:

To Infinity and Beyond!

My kids are now grown, and Disney is no longer cool. What a shame. I miss the movies like Toy Story and the quips aimed at the adults. One of my favorites was Buzz Lightyear’s line “To Infinity and Beyond!” My kids were toddlers when we first watched Toy Story and they had no clue what that line meant and the impossibility of achieving it. Have you ever pondered the concept of forever or

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Shortages Everywhere You Look

When the pandemic began and the gyms shutdown I scrambled to outfit my home gym like so many others. It’s pretty tough to go running outside in the Michigan winters and I have 3 young kids at home so I liked the idea of a Peloton for cardio purposes. I never would have considered buying one before the pandemic, but Covid forced my hand.1 Somehow we lucked out and got ours shipped in 2 weeks or so. Others haven’...

Only took 12 years, but Wall Street has finally gotten bullish enough

One of the most interesting things that happens after a big, nasty, protracted bear market is that no one wants to be accused of being bullish or upbeat about anything. In the aftermath of a crash, the bulls always look and sound dopey or complacent. Wall Street strategists are only human. And as markets trade higher, they gradually get more and more comfortable sounding positive on stocks. The trauma of having been bulli...

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@MidwestHedgie Tweetstorm on Bank of Utica $BKUT $BKUTK

 You saw our post last week about the Bank of Utica 2020 Annual Report. On Twitter, @MidwestHedgie