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Michael Gayed

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  • Can Turkey's Comeback Continue?

    By Michael Gayed - February 3, 2012 | Tickers: IVV, TUR

    “Comeback is a good word, man.” - Mickey Rourke

    Turkey's market got hammered in 2011 with its stocks down over 30% as a result of not just concerns over a global slowdown due to the Eurozone, but also because the Lira (Turkey's currency) declined strongly as inflation picked up in the country. However, recent strength in risk-assets could result in a strong comeback for emerging and frontier markets, particularly more »

  • Transports Suggest Bull Market Still Early

    By Michael Gayed - January 31, 2012 | Tickers: FDX, IYT, DIA, UPS, VWO

    “There can be no doubt that the transportation sector is the most critical sector of our economy.” - Robert Brady

    I get the growing sense that traders and investors really don't know what to do in this market. After all, equities are having their best start to a year in decades, with some emerging markets (NYSEMKT: VWO) up well over 20% for the year (and the year is only four more »

  • Preferring Preferreds for Income

    By Michael Gayed - January 26, 2012 | Tickers: XLF, IEF, PFF

    “I prefer the folly of enthusiasm to the indifference of wisdom.” - Anatole France

    With low yields and the Fed's stated intention to keep interest rates depressed until at least 2014, its become a harder and harder environment for income-oriented investors to collect cash flow from their positions. As I have noted in prior writings on several financial websites, there appears to be the growing possibility that 2012 ends up more »

  • Japan to Outperform the U.S. in 2012?

    By Michael Gayed - January 24, 2012 | Tickers: FXY, TLT, EWJ, IVV, TBT

    “The real glory is being knocked to your knees and then coming back. That's real glory. That's the essence of it.” - Vince Lombardi

    I've been focusing more and more attention on Japan lately as the Nikkei appears to be recovering and as animal spirits return to equity markets. There appears to be a growing possibility that the markets are moving away from “risk-off” investments and into investments more »

  • The Return of Broker-Dealers

    By Michael Gayed - January 20, 2012 | Tickers: SCHW, GS, IAI, DIA, AMTD

    “Do not let yourself be tainted with a barren skepticism.” - Louis Pasteur

     As I've been writing about on a number of sites I offer my analysis to, the Winter Resolution following the Summer Crash and Fall Melt-Up of 2011 appears to be playing out as I thought it would. I began writing in late December about the idea that the volatile sideways movement of last year was going to more »

  • Coal Ready to Fire Back Up?

    By Michael Gayed - January 16, 2012 | Tickers: IVV, KOL, VWO

    "Diamonds are nothing more than chunks of coal that stuck to their jobs." - Malcolm Forbes

    Despite continued lingering concerns over the recent debt downgrades by S&P of European debt, there does appear to be some kind of return to “normalcy” occurring in stock markets.  I’ve been writing about the idea that we are in for a “Winter Resolution” following the Summer Crash and Fall-Melt Up of last year more »

  • Solar, Europe, and the Winter Resolution of 2012

    By Michael Gayed - January 11, 2012 | Tickers: FSLR

    “Three things cannot be long hidden: the sun, the moon, and the truth.” - Buddha

    Continuing along my theme that after the Summer Crash and Fall Melt-Up calls of last year, we are headed for a Winter Resolution whereby volatility declines, correlations break, and a trend asserts itself, I wanted to focus on the recent price action of the Guggenheim Solar ETF (TAN) relative to the iShares MSCI EAFE Index Fund more »

  • 2012 Could be a Huge Year for ... Lumber?

    By Michael Gayed - January 10, 2012 | Tickers: CUT, SPY, XHB, WY

    Glad to be here on Motley Fool. For those unfamiliar with me or my work, my name is Michael Gayed, Chief Investment Strategist of Pension Partners.  I write for great sites such as Minyanville, MarketWatch, SeekingAlpha, ETFTrends, and now Motley Fool. Last year, Marc Faber of the Gloom Boom and Doom Report published several pieces of mine in which I argued for a deflation pulse to occur in 2011. I more »