October 28, 2008
I continue watching company news releases for air pockets, companies that aren’t just seeing revenues go lower on a glide path, but are seeing a complete disappearance of their core business. Today’s example: Wolfson. Wolfson Microelectronics (Edinburgh, Scotland) has again...
Some quick links to items of interest: Survivorship bias in capital markets: Why your market isn’t what you think it is (HSotM) Europe most exposed to emerging market debt – more than twice as big as subprime (Morgan Stanley) Volatility...
Eye-opening airline industry factoid from Foreign Policy: More airlines around the world have gone belly up this year than in the aftermath of September 11....
Useful chart from Crestmont of S&P 500 earnings-per-share over time, and how that has oscillated around a historical trendline tied to GDP growth. It provides support for my view that mean reversion plus an overshoot could easily get us to...
