Trading Blog - Trader's Narrative.
TraderFeed. Afraid To Trade - By Corey Rosenbloom. MarketClub Trader’s Blog. I hope I'm not dating myself too much, but I remember when the neighborhood chain drugstore was almost a one-stop shop for human needs. For example, you dropped off your film to get developed. You could get the ointment for that embarrassing itch. You could even get a BLT and some fries. (Not necessarily in that order.) The BLTs and fries are long gone, but the chain drugstore on the neighborhood corner has continued to evolve and embed itself into our daily lives. And it will continue to do so in an even bigger way going forward. By far, the two biggest players in the drugstore space are Walgreen Co. Article source:
Lagging Psychology at Turning Points. Over the past few weeks, we’ve been debating the state of the economic recovery. The posts that have emphasized the shift in data towards the positive have generated a lot of pushback. This is something that I want to discuss in general terms — I want readers to not only understand my perspective, but to grasp what typically occurs heading into recessions and recoveries, into new bull and bear markets.
(Note I am speaking generally, and not referring tot he details of this cycle). Over the next week, I will put together a broad overview of the positives and negatives of the economy, looking at the risks and opportunities presented. For now, let’s discuss the sentiment that typically accompanies oscillating phenomena, such as markets or the economic cycle. Today, I want to look at the big overview. Consider: • Humans have an unfortunate tendency of to overemphasize our most recent experiences. Consider this chart, which I first showed back in 2005 — but its worth reviewing again: Selectors reveal the strategies they are backing | Fund Selector. In the first part of a series, we ask three leading fund selectors which they think are the best strategies for ensuring consistent outperformance over the coming year?
Fabrice Roy, Valartis Bank With many uncertainties still in the markets and the macro figures, trend followers and global macro fund managers will find it difficult to generate strong performances this year. In this environment, we favour market neutral hedge funds – such as the Exane Archimedes Fund – which benefit from their pair trading and relative value strategies.
Alpha can also be generated from emerging markets where fund managers – for example Martin Taylor with the Nevsky Fund – can capture market inefficiency and deliver strong returns in 2010. Marianne Rameau, ISGAM AG Comparing fund performances to their stated benchmarks throughout the savage bear market of 2008 and spectacular bull run of 2009 is very interesting. We maintain a core exposure to the global resources sector. Dalibor Kolcava, VZ Vermögenszentrum.