Again and again I have to keep reminding myself that most portfolio managers, as well as individual investors, firmly believe that not only can the US economy grow its way out of its current mess, but that the US economy has already begun that process. The fact that the Fed continues to create $100 billion of new money each month to support the economy is not as important to them as is the cumulative 60% growth in the federal deficit since 2008… Read More
Here at the Inside ETF conference, where there are 1300 attendees, a record number, it is readily apparent that Exchange Traded Funds is where the action is in today’s stock market. Even we at TrimTabs have started one, called the TrimTabs Float Shrink ETF, ticker symbol TTFS… Read More
Returning from two weeks traveling around Costa Rica, I am currently at the Inside ETF Conference and what has most impressed me so far is the seeming universal bullishness of most of the speakers and attendees. None of that should be surprising since our brilliant associate David Santschi in a video last week reported that institutions and individuals are as bullish currently as they have been in quite some time… Read More
The Congressional Budget Office’s (CBO) Budget and Economic Outlook starts out with this sobering statement. “The United States is facing profound budgetary and economic challenges. The $1.3 trillion budget deficit for 2011 is the third largest shortfall in the past 65 years.” In stark language the CBO paints a grim financial picture confronting policy makers heading into an election year… Read More
Last week, I discussed how retail investors have been putting most of their money under the mattress. In 2011, a whopping $932 billion flowed into checking and savings accounts, eight times higher the $117 billion that flowed into stock and bond mutual funds and exchange-traded funds… Read More
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As economic woes continue, private betting in many Wall Street quarters says that Romney wins Nomination and Presidency. But big UK bookmaker says odds for presidency still favor Obama.
Mitt-mania is sweeping political circles, what with Mitt Romney winning both Iowa and New Hampshire and now favored to take South Carolina and Florida, as well. Similarly, some Wall Streeters privately are betting big bucks among themselves that the former Massachusetts governor will win the nomination and the White House. That’s also a bet, it appears, on continuing economic and market deterioration as the catalyst to explode chances of an Obama second term… Read More
What Trends Do ETFs Exhibit During Holiday Months? TrimTabs Demand Index at 76.24
The TrimTabs Demand Index (TTDI), which uses 21 flow and sentiment regressions to time U.S. equities, closed at 76.24 on December 20 – comfortably north of the neutrality line of 50.0. The TTDI model portfolio is 2 times bullish (200% long) because the TTDI is greater than 75.0. Note that the TTDI was 200% leveraged long on November 25, right before the market surged, and currently is signaling a strong finish to the year… Read More
Investment Flows: December has seen no break in the bearish grip on global markets. Foreign equity funds have posted outflows for the fifth week in a row, and ETF outflows for the first two weeks of December are already matching the total for all of November.
Supply and Demand: New equity issuance in Asia, Latin America, and Western Europe totals $14 billion in December, down from $18.8 billion in November.
Mr. Charles Biderman is an associated person of Trim Tabs Asset Management, LLC, an SEC-registered investment adviser. All opinions expressed by Mr. Biderman on this website are solely those of Mr. Biderman and do not reflect the opinions of Trim Tabs Asset Management, LLC, Trim Tabs Investment Research, Inc., their affiliates (collectively, “Trim Tabs”), or any other associated persons of Trim Tabs. No part of Mr. Biderman’s compensation from Trim Tabs is related to opinions which he expresses on this website, elsewhere on the internet, or in any other medium.
You should not treat any opinion expressed by Mr. Biderman as a recommendation to make an investment in any company discussed or cited in any of his postings. Mr. Biderman’s opinions are based upon information he considers credible, but which does not constitute research by Trim Tabs. Neither Mr. Biderman nor Trim Tabs warrants the completeness or accuracy of the information upon which Mr. Biderman’s opinions are based.