December 17, 2017(904) 346-3460info@riverplacecapital.com
In The Lonely Bull Posted

State of the Internals

In spite of a few ugly days here and there, market internal indicators remain very encouraging. Money flows continue to indicate accumulation at very high levels.  The more volatile sectors of the market are outperforming the more defensive ones.  Many investors seem to be negative and positioned for a decline (this is generally a contrary […]
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In The Lonely Bull Posted

He Man or Weakling

We recently got a monthly employment number for May that was disappointing. The labor department reported that only 38,000 new jobs were created for the month.  The trend has been higher than 100,000 per month.  The unemployment rate also fell to 4.7%; the lowest number in years.  One number indicates a weakening trend and the […]
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In The Lonely Bull Posted

EQUILIBRIUM

Oil is fighting to find a new equilibrium. Clearly, $26 per barrel was too low and not sustainable.  Supply was being eliminated at that price at a rapid rate.  Companies were going broke and an awful lot of production cost more than that and would have been shut down.  Somewhere around $60 per barrel, the […]
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In The Lonely Bull Posted

“Don’t Short a Dull Market”

Aphorisms have been part of the investing landscape forever. This one warns to not confuse dull sloppy trading with a forecast of negative outcomes.  As with any heuristic, they are not fool proof, but a guideline that has a history of success and contains some fundamental truth.  Some others are:   “This time it’s different; […]
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In The Lonely Bull Posted

Ying and Yang

There has been a lot of noise from the economy recently. One day, indications are bullish and the next day concerns arise.  Some of this is normal in that no economy has everything going right at any given time.  There are always problems, the question is, are they likely to overwhelm the good.  Most of […]
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In The Lonely Bull Posted

Squalls

During the best of bull markets, squalls periodically hit. They come out of the blue, blow through and usually are short lived.  The selling seems to make sense at the time, but is a response to short-term considerations, not a change in fundamentals.  Interestingly enough, during bear markets, buying stampedes occasionally occur, but also do […]
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In The Lonely Bull Posted

The Lonely Bull……

Good long-term investors never like to have a lot of company. They usually prefer their own counsel and have found through experience that unanimity of opinions usually indicate danger.  When everyone seems to have the same investment view, generally that view has already been priced in and alternatives can come as a surprise.  Surprises are […]
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