01 11 19 WOWS FULL ISSUE
An Alternative Way To View Or Print The Entire Current Issue As A Single Document
1/10/19Attention Paid-Up Subscribers: To read or print the entire current issue as a single document, use the "easyprint" feature in the "Nav bar" to the right to open it, or any of WOWS' individual features, as an Adobe PDF file, and then print it. Alternatively, you can click "more" at the bottom of this paragraph and then click the red Adobe icon that appears. Your second click will download the full issue .pdf file of WOWS' latest issue to your computer, a process that -- depending on the file size and your connection speed -- might take more than the blink of an eye. Then, depending on preferences you've set on your device, it will either open automatically or show up in your downloads folder, waiting to be opened. [More]
Hot On The Trail
Value Sleuths Mark & Jon Boyar See Odds Favoring "Forgotten Forty"
Couldn’t help myself. Surveying the carnage on the battleground of the financial markets upon my return from our holiday sojourn, I felt unaccustomed excitement growing.
Stock after stock that I looked at — not the bloodied but still bubbling FAANGS — but considerably less-decorated soldiers from the middle and even the bottom ranks of that miserable group known as common stocks had been so horrifically pummeled that, dare I say, many are on sale at levels even a diehard value investor could love.
So cheap, in other words, as to be practically irresistible, even if the bear is only catching a nap during this rebound rally and returns to do his worst. [More]
The Late Cycle Lament:
The Dual Economy, Minsky Moments, And Other Concerns
1/10/19 8:00 AMBy James Montier
Over-optimism and overconfidence are two well-known psychological traits of our species. They are particularly dangerous in the late stages of an economic cycle where these terrible twins result in investors overestimating return and underestimating risk — a potentially lethal combination of errors. [More]
A Few Encouraging Signs
Carnage Might Be Over; Regardless, It’s Time For Buying List
1/10/19 6:00 AMBy James Paulsen
Amongst the carnage and ongoing financial market volatility are a few encouraging signs the stock market may eventually regain its footing. As the pictures below illustrate, a proprietary US economic momentum indicator suggests that recession fears may lessen by the spring, valuations have now fallen well below levels justified by bond yields, investor mindsets are quickly shifting away from overheat fears, and the US dollar may finally be breaking down. [More]