David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141

The Next Crash is Upon Us!

August 18th, 2017

Hardly a day goes by without an article predicting an impending stock market crash. As we reiterated in a recent commentary, now is not the time to chase hot investments. However, we do not profess to have any insights on the timing of the next crash, and we certainly do not advocate selling your stocks or stock funds. Since we are now 10 years removed from the onset of the last financial crisis, we’d rather draw a few lessons from history: Read the rest of this entry »


Pundits “Punk’d”

November 16th, 2016

Broadly speaking, the past week made fools of professional forecasters.  Heading into the November 8th election, Hillary Clinton was the consensus favorite to win the presidency, with most polls pegging her chances at greater than 65%.  However, notwithstanding her slim victory in the nationwide popular vote, Clinton’s loss of several traditionally Democratic states in the upper Midwest gave Donald Trump the electoral votes needed to pull off a stunning upset.

Initially, overseas and futures markets reacted negatively to this surprising turn of events (overnight, the S&P 500 futures declined as much as 5%).  Most investors (ourselves included) braced for a wave of panic selling when equity markets re-opened last Wednesday.  Instead, stocks rallied, bonds fell, and speculators scrambled to place bets on the prospective winners and losers of a Trump administration.  Read the rest of this entry »

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