Toro's Running of the Bulls Market Blog



What Matters is Valuation

In the near-term, momentum and news flow are what most determines moves in stocks.  However, in the long-term, i.e. a generation, valuation matters most.

From EconomPic

Tobin's Q is Very Low Implying Long-Term Gains

However, the market could still go down in the near-term.

From Manual of Ideas

This is Not The Great Depression 2.0

From Curious Capitalist.  The rate of job loss is no where near the pace it was during the 1930s.

The Problem with Mark-to-Market

In an interview with Nicole Arnaboldi, chairman of Credit Suisse Group's DLJ Merchant Banking Partners, she notes

Stock Market Crashes and Depressions

A new study at the NBER.

Insider Buying

Last week, we noted that insiders have been buying.  Fox Business picked up the latest trend.

Individual investors may be wary of the stock market, but corporate insiders are putting their money where their mouths are.  Executives are buying shares of their own companies at levels not seen since last fall.

Condo Supply Explodes

I am kicking around the idea of buying a condo on the beach some time within the next 2-3 years. 

Whether I do or not, there will be plenty of supply around.  Thus, there is no rush.

From The Wall Street Journal.

Signs of Life in Housing

I am currently in Palm Springs.  This morning, the lead headline in the local newspaper, The Desert Sun, was that home sales in the Coachella Valley had risen 58%.  Sales of entry-level homes drove the surge.

Sales of entry-level homes dominated the Coachella Valley real estate scene during the fourth quarter of 2008, while big-ticket properties turned in a disappointing performance, new data shows. ...

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