Toro's Running of the Bulls Market Blog
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Dollar v. Euro
I am not a currency guy, but I do like reading about currencies since they are, after all, money. I was reading a piece in the Gartman Letter recently comparing the dollar and the euro, in particular, a comparison of...
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Random Irrelevant Musings
I hate those Schwab ads. You know, the Talk to Chuck ones. The first 15 seconds have the tone of some guy announcing to you that he had just been diagnosed with prostrate cancer juxtaposed by the last 15 upbeat...
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Are You Kidding Me?
= I was absolutely astonished when I read today that George Gilder is launching a new fund. The Gilder Technology Fund (the “GTF”) seeks exceptional returns for its investors by identifying the companies that are shaping this new Millennial era...
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Surely - SURELY - the Top is In for Calgary!
We have to be approaching a top for Calgary. I have no doubt about it. Evidence? Consider this. Housing prices that make London/New York/Tokyo blush, in a city where the natural boundaries to urban expansion are - nothing! The last...
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Time to Buy the Homebuilders?
We here at Running of the Bulls are value investors. In the short-term, we'd trade anything - if we traded, that is. But for investment purposes, we fall soundly in the value camp. One of our favourite strategies is to...
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Bad Wal-Mart?
From an old editorial I hadn't seen before. Wal-Mart's critics allege that the retailer is bad for poor Americans. This claim is backward: As Jason Furman of New York University puts it, Wal-Mart is a progressive success story. Furman advised...
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Africa's Poverty Trap - William Easterly
There is a sad law I have noticed in my economics career: the poorer the country, the poorer the economic analysis applied to it. Sub-Saharan Africa, which this month marks the 50th anniversary of its first nation to gain independence,...
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Deconstructing the Bull Market
With the dramatic melt-up yesterday, I began to wonder if maybe I was being too negative. And if I were being too negative, then I should stop being so negative. Otherwise, I could lose out on money-making opportunities. My negativity...
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Clarification
Two things. First, in my post yesterday on the Fed statement, I may have left the impression that I thought the next move was up. That is not the case. I actually think the next move is probably down, but...
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"The Longer it Lasts, the Worse it Will Be."
Alas, William Conway, co-founder of the Carlyle Group, speaks from experience. Carlyle Group co-founder, William Conway, said in a leaked email to investors that lenders, including those who work with Carlyle, are making “very risky credit decisions” when providing financing...
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