Fredric Mishkin, former Fed governor, last week opined that all bubbles are not created equal, that only the credit variety are really damaging to the economy. The other kind of bubble - the internet, irrational exuberance variety - isn’t so bad and doesn’t do the sort of damage that the credit driven, real estate variety does. I suppose [...]

The Global Opportunities model portfolio has recently been updated. Changes to the model are:
Buy Baker Hughes BHI
     Raise from 0.0% to 1.96% 

Sell Toyota Motors TM
     Entire Position

For the complete list of holdings, or for the breakdown of the model portfolio’s asset allocation, as well as its track record, please refer to the Global Opportunities model page.

The Global Opportunities model portfolio has recently been updated. Changes to the model are:
Buy Goldcorp [[GG]]
     Raise from 1.96% to 4.0% 
Buy Credit Suisse CS
     Raise from 2.0% to 2.96% 

Sell MEMC WFR
     Entire Position

For the complete list of holdings, or for the breakdown of the model portfolio’s asset allocation, as well as its track record, please refer to the Global Opportunities model page.