By Professors Jay Phelan and Terry Burnham
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1/15/20
Five Important Mistakes of College Students
1/10/20
December 2019, Chicken Little Portfolio Performance
December 2019 was a great month for investors ending an annus mirabilis - Latin for a miraculous, remarkable, and auspicious year. Every risky investment paid off in 2019, ranging from bitcoin, gold, treasury bonds to emerging market stocks. Paraphrasing War Games, the only way to lose, was not to play in 2019.
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| 2019 Free Money for Investors |
12/8/19
Donnie Brasco Investment Returns
Are you unhappy with your investment returns?
The Dow sits at over 28,000, gold is up 20% this year, 30-year Treasury bonds have earned 15%, and bitcoin has doubled. Are you getting your piece of easy money pie? If not, it is the fault of the Donnie Brasco investment world.
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| It is a Donnie Brasco Investment World |
12/5/19
November 2019, Chicken Little Portfolio Performance
November 2019 was a breakout month for US stocks. The Dow Jones Industrial Average set eight all-time record highs, and closed above 28,000 for the first time in history. The Federal Reserve is cutting interest rates and printing money at historic rates. So far, the Fed has succeeded in inflating asset prices.
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| The Federal Reserve has resumed e-printing |
11/1/19
October 2019, Chicken Little Portfolio Performance
October was another month of waiting. Lots of ups and down, but almost zero movement. The Fed has cut rates three times so far this year. six more and we will be at Depression level zero interest rates.
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| Still Waiting |
10/2/19
September 2019, Chicken Little Portfolio Performance
“Nothing happens. Nobody comes, nobody goes. It's awful.” -Samuel Beckett. The Dow Jones Industrial Average is at 26,500-- the same level as in January 2018. Almost two years with ups and downs, but no overall movement. Chicken Little continues to believe the boredom will be replaced with mayhem.
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| Waiting for the Debt Crisis |
9/1/19
August 2019, Chicken Little Portfolio Performance
Low interest rates cause economic harm and are an indictor of a sick economy. Interest rates in the US continue to collapse toward those in Japan and Germany. Conventional wisdom states that low interest rates "support the economy." This is wrong and dangerous.
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| US interest rates are turning Japanese. |
8/2/19
July 2019 Chicken Little Portfolio Performance
July 2019 was a financial calm before the coming storm. Asset markets of all sorts barely moved in July. Underneath this placid performance, trouble lurks in the form of too much debt and a looming financial depression.
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| Danger below |
7/4/19
June 2019 Chicken Little Portfolio Performance
May 2019 was the best single month in the history of the Chicken Little Portfolio. June 2019 saw some of the biggest changes in the history of the portfolio. Chicken Little exited the Tesla short position, dramatically reduced his long Treasury position, and retained a cryptocurrency beachhead. The baby bear market operation was murdered by Jay Powell.
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| Chicken Little prepares for (financial) Armageddon |
6/20/19
Bond Yields Collapse: Chicken Little Sells Treasuries
Chicken Little has sold half of his 30-year Treasury Bond position. Treasury bonds have soared in price in recent months; Chicken Little is continuing a multi-year move away from Treasury Bonds. Selling now feels like a bad decision as Treasuries look likely to continue to rise in price for a while as yields continue to collapse toward those of German and Japanese bonds.
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| Bond Yields have collapsed, Chicken Little is exiting |
6/18/19
Chicken Little ends Tesla short campaign
Chicken Little has ended his short Tesla campaign. The campaign started on November 19, 2018 at $364/share (click for article). It ended last week by being stopped out at $220/sh.
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| Tesla stock has cratered |