Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, March 22, 2011

Rosenberg investing themes du jour

  • Gold and silver
  • Energy exposure, especially oil and the drillers
  • Canadian dollar denominated corporate bonds
  • Hybrids with oil/gas paper content and a running yield that exceeds U.S. Treasuries
  • Hedge funds that hedge — relative value trades
  • Emerging debt and equity markets, selectively — value has opened up recently
  • Japanese equities for value too ... recession is already priced in Staples over cyclicals; strong balance sheets over weak; large caps over
  • small caps
  • Various muni bonds — states in areas where the economic base is linked to energy and food such as Texas, Kansas, Iowa, and Missouri — what Meredith Whitney dubs “the emerging markets of the U.S.A.”

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