Michael Lebowitz | TalkMarkets | Page 27
Founding Partner - 720 Global and Partner at Real Investment Advice
Contributor's Links: 720 Global
As a strategic investment consultant, 720 Global focuses on enabling our clients, professional investment managers, to raise their quality of service and increase profitability. Our services provide you with expertise in capital markets, macroeconomic research and analysis, asset allocation, ...more

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16 Months And Counting
With GDP averaging below 1% for the last six months, it will not take much of an additional slowdown to put the U.S. in recession.
Dear Prudence - A Warning In Today’s GDP Data
On the heels of today’s first quarter GDP release we share our concern that the probability of a recession continues rising while stock prices remain at historically high valuations. Now may be a good time to heed history’s warnings.
Limiting Losses
The hardest part in trying to limit losses is not necessarily timing the market, but imparting the wisdom of limiting losses upon your clients.
A Bug In Search Of A Windshield
The greater fool theory is a belief that market prices are not always based on fundamentals. Equities may be the so-called “bug in search of a windshield”.
Buying Dollar Bills For $1.10
Buying dollar bills for $1.10 is not good business for those who stick around.
Bracketology – An Investing Lesson From The NCAA
The art or science of filling out an NCAA tournament bracket provides insight into how investors select investment assets.
Hail Mary
Years of policy designed to encourage spending and discourage savings is likely reaching the end game; the point where those exhibiting prudence must be punished to keep the game going.
A Chilling Forecast For Those With 20/10 Vision
Some investors are pure technicians and only use technical analysis to allocate capital.
Agriculture, An Asset Worth Harvesting
We focus on the relationship of historical price changes that occurred during periods where a flip from El Nino to La Nina occurred. We highly stress that price action during these periods were not solely a result of El Nino and La Nina.
As The Tide Goes Out, Effects Of Buybacks Are Exposed
Money that could have been spent spurring future growth for the benefit of investors was instead wasted only benefitting senior executives paid on the basis of fallacious earnings-per-share.
Do Not Say You Were Not Warned - Again
Declining long term earnings growth forecasts and forward earnings estimates coupled with historically high valuations is a recipe for poor returns.
Time To Extract Value From CEF Investment Recommendation
Due to our concern over the potential for spread widening and weakened prospects for further discount normalization we are recommending that investors sell LEO (Dreyfus Strategic Municipal Fund) as the discount to NAV is nearing zero.
Self-Defeating Monetary Policy
Productivity is a core economic concept which measures the amount of leverage an economy can generate from its 2 primary inputs, labor and capital.
FANG-Less: Facebook, Amazon, Netflix And Google
The acronym FANG represents what has become the most popular investment strategy recently. FANG comprises 4 stocks: Facebook, Amazon, Netflix and Google. But how long can you trust these market darlings?
Buybacks: Washington’s Warning
Stock buybacks are a conflict of interest which has been exposed primarily through extravagant levels of executive pay and income inequality.
Inside The Surprise Index
Paying attention to the signals the Citigroup’s - Citi Surprise Index (CSI) sends in various forms may allow one to see changes not readily apparent to the superficial observer.
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