Posts Tagged ‘losses’
University Of Miami Now Hoping To Find Football Players By Distributing ‘Help Wanted’ Fliers On Campus
The image below (from The U on Facebook, via Miami New Times ) is one of numerous fliers that have been posted on the campus at the University of Miami.
While walk-ons are a normal part of big-time college football, it is a little odd for Miami to target a specific demographic, in this case, offensive linemen that “at least 6’1″ and 230+ lbs.” But when you have averaged nearly six losses per year over the last six seasons, recruiting may no longer be that easy.
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- Urban Meyer Is Settling In Ohio Nicely With This Newly Purchased $1.45 Million Mansion
PRESENTING: The 10 Ominous Signs That Will Portend Another Spring Stock Market Sell-Off
So what happens next with stocks as they continue to trade near four-year highs?
“In each of the past two years the stock market began a slide in the spring, a phenomenon often referred to by the old adage ‘sell in May and go away,’ which lasted well into the summer months,” wrote LPL Financial’s Jeff Kleintop in his latest weekly market commentary.
The pattern is almost eerily similar.
“In both 2010 and 2011 an early run-up in the stock market, similar to this year, pushed stocks up about 10% for the year by mid-April. On April 23, 2010 and April 29, 2011, the S&P 500 made peaks that were followed by 16 – 19% losses that were not recouped for more than five months.”
We still have a few weeks before the end of April. But until then, Kleintop is carefully watching 10 indicators that turned ahead of the sell-off.
Inflation expectations jump
“The University of Michigan consumer survey reflected a rise in inflation expectations in March and April of the past two years. In fact, in 2011, the one-year inflation outlook rose to 4.6% in both March and April. This year, inflation expectations have also jumped higher so far in March, reaching 4%.”
Source: LPL Financial
Jobless claims spike
“It was evident that initial filings for unemployment benefits had halted their improvement by early April 2010, and beginning in early April 2011, they deteriorated sharply. So far, in 2012 initial jobless claims continue to improve at a solid pace, but it may yet be too early, and so we will be watching for any weakening as April gets underway.”
Source: LPL Financial
The volatility index (VIX) falls to 15
“In each of the past two years the VIX, an options-based measure of the forecast for volatility in the stock market, fell to a relatively low 15 in April. This suggested investors may have become complacent and risked
being surprised by a negative event or data. This year, the VIX has recently declined once again to 15 in the past two weeks.”
Source: LPL Financial
See the rest of the story at Business Insider
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European Markets Are Falling At The End Of An Ugly Week
(Scroll to bottom for updates.)
Stocks are higher in Europe just a few minutes into the trading day after a day of nasty losses in Asia. The DAX is trying to build on gains of +0.30% and the CAC 40 is up +.21%.
U.S. futures are also slightly higher.
Analysts are blaming investor concerns about weak data for that Asian slump. The Nikkei fell 1.11% and the Hang Seng closed down a similar 1.14%.
It’s a light day for data today, so in the absence of some unexpected action investors will probably be focused on lingering concerns about a hard landing in China and European woes.
UPDATE (5:53 AM ET): Nearly two hours into trading, the momentum leading this rally is starting to turn around. The CAC 40, DAX, IBEX 35, and FTSE MIB are all down slightly, and only the FTSE 100 is hanging on to gains.
UPDATE II (6:13 AM ET): European markets are beginning to extend losses here, with a sharp drop in just the last twenty minutes.
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VIDEO: Asia’s travel sector set to grow
Asia’s travel sector is set to grow, despite recent losses from regional airlines, says Abacus International’s Robert Bailey.
Seth Klarman Knows Exactly Why His Hedge Fund Is So Successful
Although no exact figures have been released, we know from Baupost Group’s final 2011 letter to investors that the Boston-based hedge fund ended the year on a gain. Without any quantitative factors, that in itself is good news—we all know how badly 2011 crushed hedge funds.
In the letter, Baupost founder Seth Klarman reflected on the impactive events of 2011, and also took some time to brag about his $24 billion fund’s good performance amid such a tumultuous economic landscape.
Klarman used a recent anecdote involving one of Baupost’s investors to explain why the hedge fund may be so successful. The investor told Klarman that it is because Baupost doesn’t strive or care about that “best” title (but in effect, when they become one of the best, they will brag about it). Klarman whole-heartedly agreed:
We don’t try to be anyone’s best performing manager in a given year because such an attempt would almost certainly fail. It would distract us from our focus on risk-aversion and the pursuit of excellent long-term results, while shifting our attention toward quick gains, short-term trades and market momentum. We doubt anyone with such a focus could excel, and are certain that attempting to do so would involve heightened risk and diminished long-term returns. In frothy markets, we would rather disappoint clients by being under invested than try to keep up While incurring the risk of large losses.
He’s tooting his own horn a bit, but if Klarman ended 2011 in the green, he probably deserves that moment in the limelight.
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- There’s Only One Investment John Paulson Is Really Excited About In 2012
- John Paulson’s Explanation Of Why 2011 Was Such A Disastrous Year
- John Paulson Lost More Money Last Year Than Long Term Capital Management Did In Its 1998 Collapse