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The author Lance Roberts
Lance Roberts
Lance Roberts has sharpened that lens with 30 years in the investing world from private banking and investment management to private and venture capital. Lance Roberts’ perspective and common sense analysis is sought after by media outlets such as Fox 26 News in Houston, CNBC, CNN and Fox Business News along with numerous publications including the Wall Street Journal, USA Today, Reuters and the Washington Post. Roberts is the Editor of the X-Factor report and publishes the blog Daily X-change.

Lance Roberts Real Investment Advice

The Pre-Election Correction Continues, Is It Over? 09-18-20

In this issue of “The Pre-Election Correction Continues, Is It Over?” The Correction Continues A Historical Look At Pre- And Post-Election Years Will Policy Matter Portfolio Positioning Update MacroView: A Permanent Shift To Valuations Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha We Need You To Manage Our Growth. Are you a strong advisor who wants to grow your practice? We need partners we can work with to manage our...

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#MacroView: Newton, Physics & The Market Bubble

I have previously discussed the importance of understanding how “physics” plays a crucial role in the stock market. As Sir Issac Newton once discovered, “what goes up, must come down.” Andy Kessler, via the Wall Street Journal, recently discussed a similar point with respect to the momentum in stock prices. To wit: “Does this sound familiar: Smart guy owns stock in March at $200, sells it in June at around $600, but then buys it back in July and August for between $900 and $1,000. By...

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#WhatYouMissed On RIA This Week: 09-18-20

What You Missed On RIA This Week Ending 09-18-20 It’s been a long week. You probably didn’t have time to read all the headlines that scrolled past you on RIA. Don’t worry, we’ve got you covered. If you haven’t already, opt-in to get our newsletter and technical updates. Here is this week’s rundown of what you missed. We Need You To Manage Our Growth. Are you a strong advisor who wants to grow your practice? We need partners we can work with to manage our lead flow. If you are...

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Growth or Value? Take Our Blind Taste Test

Growth or Value? Take Our Blind Taste Test Given limited resources, it should be no surprise that we aim to maximize the value of our everyday purchases. In most cases, we seek to optimize between acquiring the best product at the most reasonable price. Intriguingly, most investors do not apply the same discretion when investing their hard-earned wealth. Think about the problem: we seek value when we spend our wealth, but few seek value in protecting and growing their wealth. In this...

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Technically Speaking: Is Everything “Priced In?”

Is everything “priced in?” Investors have gone “all in” with a disregard for caution. But with markets extended and overvalued what should investors do now? As discussed in this past weekend’s newsletter, investors got even more speculative during the recent correction, which is the opposite of what you would expect. But if markets anticipate “good news,” then are there any “surprises” left? In other words, if markets have priced in perfection, then there is not a lot of room for...

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The 5-Ingredients For Another Market Event Remains

A typical mainstream media claim is the March decline was “the bear market,” and the next bull market cycle has begun. Unfortunately, March was not a “bear market,” but just a correction within the ongoing bull market that started in 2009. As such, the 5-ingredients for another market “event” remains. A History Of Crashes Throughout history, there are numerous “financial events,” which have devastated investors. The major ones are marked indelibly in our financial history: “The Crash Of...

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Correction Makes Speculators Even More Speculative 09-11-20

In this issue of “Correction Makes Speculators Even More Speculative.” The Correction We Warned About Speculators Get Even More Speculative Longer-Term Market Still Very Overbought Portfolio Positioning Update MacroView: A Permanent Shift To Valuations Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Catch Up On What You Missed Last Week Special Video Much of today’s commentary is also in the interview I did on Thursday...

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#MacroView: A Permanent Shift In Valuations?

During extended bull markets, rationalization becomes commonplace to justify overpaying for value. One such rationalization is the permanent shift in valuations higher due to changes in accounting rules, share buybacks, and greater adoption by the public of investing (aka ETFs.) The chart shows the apparent shift to valuations. The “median” CAPE ratio is 15.24 times earnings from 1871-1980. The long-term “median” CAPE is 16.52 times earnings from 1871-Present (all-years) The “median” CAPE is...

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#WhatYouMissed On RIA This Week: 09-11-20

What You Missed On RIA This Week Ending 09-11-20 It’s been a long week. You probably didn’t have time to read all the headlines that scrolled past you on RIA. Don’t worry, we’ve got you covered. If you haven’t already, opt-in to get our newsletter and technical updates. Here is this week’s rundown of what you missed. Upcoming Event  – CANDID COFFEE Sign up now for this virtual “Financial Q&A” GoTo Meeting September 12th from 8-9 am Send in your questions, and Rich and...

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How To Find Value In An Upside Down World

How To Find Value In An Upside Down World “When the world turns upside down, the best thing to do is turn right along with it.”   – Mary Poppins Is Mary’s advice proper when it is your hard-earned wealth at stake? There is no doubt that investors are living in an upside down world. A speculative frenzy fueled by extreme monetary policy is sending stock markets to all-time highs and bond yields and spreads to record lows. At the same time, a global recession is raging, and social unrest is...

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