Financial vs. Capital Expenditures and Equities

Yesterday, I made a bullish case for equities over the long run (especially when compared to bonds), today I will outline one of the reason...

Valuation Matters.... Equity vs Bonds Edition

I've shown that valuation matters numerous times over the years when it comes to long-term equity returns (see here , here , and here f...

The VIX as an Equity Hedge

Back in January I posted a pair of VIX / S&P 500 tables that outlined the performance of the VIX and the S&P 500 given recent ch...

Revisting The Equity Side of Ugly Bond Math

A few weeks back I outlined the Ugly Bond Math that an aggregate bond index with a 2% yield to maturity means for investors: It means that ...

Equity Valuation Based on GDP Growth 2.0

This is based on my post Equity Valuation Based on GDP Growth with a slight twist. As I've outlined previously, over the long run equit...

S&P 500 / VIX Matrix

As a follow up to last week's VIX as a Predictor of Equity Returns and Model Building / Data Mining posts, I put together the followi...

Bill Miller Stepping Down as CIO

Update: the Yahoo Finance data for LMVTX that I had used appears to be wrong (no clue why and quite frankly concerning). The chart has been ...

Industrial Production "Inflection" to Lead Equities Higher?

The WSJ reports: U.S. industrial production grew in September but the gain was small, underscoring the economy's lack of vigor. Product...