Latest Blog: Stop the Game! - 01/31/2021
Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
HOW THE MIGHTY FALLPublished: 11-11-2014
Between March 2000 and October 2002, the NASDAQ Index fell 75%, from over 5,000 to under 1,300. Of course, valuations were beyond silly at the peak, and I confess, following the collapse, I thought my children might one day see the index surpass its previous high.
Well, 12 years later, the NASDAQ is within 10% of its 2000 high. It’s not there yet, and it’s been a long slog to recovery, but it’s getting there.
The chart below, from Barron’s, shows the largest constituents then and now. The top 5 in 2000 still around, but 6-10 have all disappeared, either acquired or taken private. A good reminder how hard it is to stay on top.PRINT THIS ARTICLE
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California Dreamin' 04-02-2015
Well, maybe not dreaming, but some thoughts.Below, my graph shows the unemployment rates for California and the US since ...READ MORE
Memento Mori 04-26-2020
The Romans had a tradition that, following a military victory, the triumphant general was paraded through the city in a ...READ MORE
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