John DevaneyJohn Devaney | Hedge Fund ManagerA few days ago I read an odd article within the New York post on John Devaney and how he was supposedly booed off of stage at a recent conference. Click here to read this article now. This seemed far fetched but I figured anything could happen in today's market environment. Here is an excerpt:Devaney, who made no friends after his United Capital Markets' flame-out left investors with zero payout, began to speak during a Monday morning discussion at the conference but soon began a rant on why the markets were wrong and he was right.The crowd began to boo and the microphone was taken away from him, according to several spies in attendance. This morning Mr. Davaney is claiming that this story has been completely fabricated by a ...

The fundamental question in buying stocks is the expected earnings (or cash flow, depending upon the sector) compared to the stock price. One compares this to alternative choices like bonds or real estate or foreign markets. On a risk-adjusted basis, one’s asset allocation should favor the undervalued asset classes.

At “A Dash” we believe that U.S. equities, despite a multi-year, double-digit profit expansion, and some market reaction, still reflect intense investor skepticism about future earnings. The biggest cloud over the earnings picture is the continuing (and so far incorrect) forecast of a recession by bearish pundits, mostly non-economists.