February 20, 2018(904) 346-3460info@riverplacecapital.com
In The Lonely Bull Posted

Correction!

We’ve had our long sought-after correction; now what? The first phase is recovery.  So far, we’ve gained back approximately 60% of what was lost.  In time we may gain more.  However, investors may be more discriminating selecting fewer companies to focus upon.  Often after a correction, the new winners are not the past ones.  Leadership […]
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In The Lonely Bull Posted

Yo-Yo

Up down, up down, throw us a sleeper, thanks!  (For anyone growing up without a yo-yo, a sleeper is keeping the yo-yo spinning even.)  “Be careful what you wish for” also comes to mind.  A little volatility seems attractive when calm gets boring. A correction, theoretically, is wished for when you have too much money […]
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In The Lonely Bull Posted

Structural Defects

We recently warned against rising volatility, but the last few days’ action still shocks in its ferocity.  During times like this, investors ask what is the cause.  Sometimes economic or business fundamentals underlie the activity.  Not this time; this time it is structural.  Equity markets around the world have moved rapidly toward indexation; either in […]
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In The Lonely Bull Posted

No Extrapolation Necessary

If you thought you could simply multiply the first month’s stock market return by 12 and get a projection of the year’s return, think again. The S&P 500 was up 5.6% in the first month.  This is a furious start, but not sustainable largess.  Because of the new tax package, prospects have improved, but not […]
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In The Lonely Bull Posted

Hidden Volatility

Beneath the surface of what looks like steady stock market advance is a cacophony of activity on an individual stock basis.  This volatility may also extend to business categories, or even sectors. This hidden violent trading behavior is in response to news events, earnings results, business outlook, as well as other factors.  It’s just that […]
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In The Lonely Bull Posted

“And the Beat Goes On”

Despite some near-term jitters over a potential government shutdown, the stock market has made new highs and continues to look strong.  It would surprise no one if markets took a pause, but the economic and business news continues to impress.  Earnings reports and projections make stock prices look more reasonable with more upside potential. The […]
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In The Lonely Bull Posted

“And the Money Keeps Rolling In”

Money flows into U.S. stocks turned positive during last year’s 4th quarter and have accelerated.  This is a powerful force that drives stock prices higher.  Valuations can go higher without this, but not across a broad front as they are now.  Our stock market is in the midst of a powerful upward thrust. This kind […]
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