Shock Absorbers

Shock Absorbers

  Mass crowd psychology in action. That’s one way you could describe the action of the stock market. Sure, plenty of financial professionals are doing discounted cash-flow analyses and other fundamental calculations on stock prices. So we tend to hear things...
The Risk Switch

The Risk Switch

  Risk is like a switch. Or, at least in the investment world, it can be helpful to think of risk as sort of like a dimmer switch. It slides between the “On” and “Off” positions depending on the investment setting and how much risk tolerance is out there. When...
Adjusting the Volume

Adjusting the Volume

  Stock prices like to travel in trends. And one of the core tenets of our risk management process is to follow significant stock price trends. But prices aren’t the only things that trend. We’ve also found that stock trading volumes have their own trends...
Shareholder Yield

Shareholder Yield

  A lot of the valuation metrics out there today paint a picture of a grossly overvalued stock market. Many of these metrics compare stock prices to things like earnings or sales. However, some valuation metrics—like shareholder yield—suggest that stock prices...