FRED
09-25-06, 10:29 PM
Economic Commentary
by John R. Serrapere
September 26, 2006 (Update: 9/28/06)
(Past results may not be indicative of future results.)
http://www.itulip.com/images/HMIvsSP1985to2006.png
Prior to 1999, 12-month stock returns were low after HMI peaks and high after HMI troughs (a negative correlation). Since 1999, there has been a positive correlation and RGDP has been a more dominant driver of stock returns.
http://www.itulip.com/images/HMISPcorrelation.png
Stocks Have Become More Dependent on Housing
This report was originally written to internally advise private funds for a qualified investor. The posting of this report for public viewing is intended to demonstrate applied research without an intent of business solicitation.
John Serrapere - Investment Analyst & Strategist - Foster Holdings, Inc.
Mr. Serrapere has been advising investors since 1986. He currently is the Investment Analyst & Portfolio Strategist for Foster Holdings, Inc., a large Pittsburgh, PA based family office. His firm also consults other investors seeking alternative investment options. Mr. Serrapere was formerly a principal of Rydex Leveraged Hedges, LLC in Rockville, MD where he designed registered and non-registered products.
Mr. Serrapere has published in The Journal of Indexes (http://www.journalofindexes.com/), Global Financial Data (http://www.globalfinancialdata.com/), Corporate Finance Review (Warren Gorham & Lamont, NY, NY), The Retirement Planning Journal (Commerce Clearing House, Chicago, IL) and has presented for Information Management Network (NY, NY).
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Copyright © iTulip, Inc. 1998 - 2006 All Rights Reserved
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Nothing appearing on this website should be considered a recommendation to buy or to sell any security or related financial instrument. iTulip, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Full Disclaimer (http://www.itulip.com/forums/../GeneralDisclaimer.htm)
by John R. Serrapere
September 26, 2006 (Update: 9/28/06)
(Past results may not be indicative of future results.)
http://www.itulip.com/images/HMIvsSP1985to2006.png
Prior to 1999, 12-month stock returns were low after HMI peaks and high after HMI troughs (a negative correlation). Since 1999, there has been a positive correlation and RGDP has been a more dominant driver of stock returns.
http://www.itulip.com/images/HMISPcorrelation.png
Stocks Have Become More Dependent on Housing
This report was originally written to internally advise private funds for a qualified investor. The posting of this report for public viewing is intended to demonstrate applied research without an intent of business solicitation.
John Serrapere - Investment Analyst & Strategist - Foster Holdings, Inc.
Mr. Serrapere has been advising investors since 1986. He currently is the Investment Analyst & Portfolio Strategist for Foster Holdings, Inc., a large Pittsburgh, PA based family office. His firm also consults other investors seeking alternative investment options. Mr. Serrapere was formerly a principal of Rydex Leveraged Hedges, LLC in Rockville, MD where he designed registered and non-registered products.
Mr. Serrapere has published in The Journal of Indexes (http://www.journalofindexes.com/), Global Financial Data (http://www.globalfinancialdata.com/), Corporate Finance Review (Warren Gorham & Lamont, NY, NY), The Retirement Planning Journal (Commerce Clearing House, Chicago, IL) and has presented for Information Management Network (NY, NY).
Join our FREE Email Mailing List (http://ui.constantcontact.com/d.jsp?m=1101238839116&p=oi)
Copyright © iTulip, Inc. 1998 - 2006 All Rights Reserved
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Nothing appearing on this website should be considered a recommendation to buy or to sell any security or related financial instrument. iTulip, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Full Disclaimer (http://www.itulip.com/forums/../GeneralDisclaimer.htm)