Richard Shaw

Contributor since: 26 Feb 2010

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• QVM Letter: Expected Additional Legislation To Change Tax Landscape For Investors

  Published 02 August 2011 | viewed 0 times

  The Congress has passed legislation raising the public debt limit to allow spending to continue essentially as before without reducing current entitlements, the size of…

• Saved By the Bell - Maybe - For a While

  Published 31 July 2011 | viewed 0 times

  SUMMARY The debt fight in Congress may be resolved tonight or tomorrow or before the August 2 deadline. A relief rally in the stock markets…

• Status: Bomb Damage Assessment After a Panic Day

  Published 27 July 2011 | viewed 0 times

  SUMMARY Today was a panic day that increased in intensity as more news of failed debt ceiling negotiations and pending US loss of its AAA…

• QVM Market Note: No US Debt Deal and Markets Tomorrow

  Published 24 July 2011 | viewed 0 times

  QVM Clients: There is still no agreement concerning the US debt ceiling. Standard and Poor's is doing road shows to pension and other institutions preparing…

• QVM Client Letter

  Published 13 July 2011 | viewed 0 times

  There could be some pretty bumpy days in both stock and bond markets in the days between now and early August. Moody's is following through…

• Status: Sovereign Risks and Trailing Asset Category Relative Returns

  Published 11 July 2011 | viewed 0 times

  Greece is still unresolved. Europe is apparently more open to partial default. Risk of contagion is rising. Italy is in the short-seller cross hairs as…

• Sovereign Credit Risks: Focus On China Banks and More on Greece

  Published 05 July 2011 | viewed 0 times

  China is attempting to slow its economy to minimize inflation and the risks of a property bubble, and to improve the underwriting practices and solvency…

• Sovereign Credit Risks: Greek Insolvency and United States Debt Limit

  Published 05 July 2011 | viewed 0 times

  Greece took legislative action and got an apparent short-term bailout relief from default risk last week. Stocks rose, oil and copper rose, while gold and…

• Two Important Current Topics: Money Fund Credit Risk and Strategic Oil Reserve Release

  Published 28 June 2011 | viewed 0 times

  SUMMARY Cash Reserves -- Money Market Funds: We have switched client money funds into Treasury-only money funds, to avoid the European bank credit risk that…

• Markets Survey: Key Test Ahead After Six Down Weeks for SP500

  Published 13 June 2011 | viewed 0 times

  Tomorrow (Monday the 13th) and entire coming week could bring an important threshold event for the S&P 500. The March low of about 1250 is…

• Picture Yourself as a Loan Officer, and Uncle Sam Wants a Loan

  Published 01 April 2011 | viewed 0 times

  Picture yourself as a loan officer for a moment. Then imagine a very nice and sincere, but obviously clueless, person comes to you and says,…

• Condition of the Markets Across Classes, Regions and Sectors

  Published 28 March 2011 | viewed 0 times

  The world is swirling in negative events and pending negative events that are pushing and pulling on market prices, as well as investor emotions. Those…

• QVM Quick Note: What's Going On With the SP 500 Now

  Published 16 March 2011 | viewed 0 times

  Not surprisingly, we have been getting lots of calls about the markets in light of both the unsettling circumstances in the Middle East and the…

• Libya and Oil Positions

  Published 21 February 2011 | viewed 0 times

  Many of you may be watching the reports of the revolt in Libya on TV and listening to breathless commentators. Clearly, the situation in the…

• Dividend Yield Return vs Price Return in Stocks

  Published 31 December 2010 | viewed 0 times

  We hold no bond fund positions at this time, but maintain bond ladders that were constructed for specific purposes. We have deployed a portion of…

• Treasury Rates Rising Steeply

  Published 15 December 2010 | viewed 0 times

  Contrary to Bernanke's goal of lowering interest rates by the QE II intervention, rates have been rising. In fact, they have begun to rise steeply…

• Sell Decision on PIMCO All Asset All Authority (PAUDX)

  Published 14 December 2010 | viewed 0 times

  Today, we closed our positions in PIMCO All Asset All Authority fund (PAUDX) in discretionary accounts. Our rationale is put forth in the attached PDF.…

• Quick Post-Action View

  Published 02 December 2010 | viewed 0 times

  We've had several strong up move and down move days recently, coinciding with sovereign credit drama in Europe, and military nail biting in Korea, seasoned…

• QVM Clients Letter

  Published 22 November 2010 | viewed 0 times

  This is a follow-up to last week's letter suggesting that the best days for bonds are behind us for a while, and that reduction of…

• Restructuring Portfolio Income

  Published 15 November 2010 | viewed 0 times

  What have we been doing about portfolio income in the face of the changing environment? First, we take the view that interest rates are more…