Steve Leuthold

By: Erik Swarts | Tue, Apr 12, 2011
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I try not to absorb too much outside market commentary from individual money managers. It's not that I think I am better than their work - I just would prefer not to be overly influenced by another investors perspective. As we are all keenly aware of, most market participants talk their own books. Why should I let it influence my individual methodology and approach - if our investments thesis and goals are worlds apart?

With that said, I do listen to whatever Steve Leuthold says with Doberman-like attention. His deep history with the market and unparalleled record for presciently walking ahead of it, speaks for itself.

Here's a rather interesting clip of him I mashed up from March 4, 2009 on Bloomberg Television. It's well worth four minutes of your day; considering he runs through our past, present and potentially future market conditions - all the while commenting from the front row seat of the Financial Armageddon train, that was running a multi billion dollar book on March 4, 2009.

 

 


 

Erik Swarts

Author: Erik Swarts

Erik Swarts
Market Anthropology

Although I am an active trader, I have always taken a broad perspective when approaching the markets. I respect the Big Picture and attempt to place each piece of information within its appropriate context and timeframe. I have found that without this approach, there is very little understanding of ones expectations in the market and an endless potential for risk.

I am not a stock picker - but trade the broader market itself in varying timeframes. I want to know which way the prevailing wind is blowing, where the doldrums can be expected and where the shoals will likely rise. I will not claim to know which vessel is the fastest or most comfortable for passage - but I can read the charts and know the risks.

I am not a salesperson for the market and its many wares. I observe it, contextualize its moving parts - both visible and discrete - and interpret.

I practice Market Anthropology - Welcome to my notes.

Erik Swarts is not a registered investment advisor. Under no circumstances should any content be used or interpreted as a recommendation for any investment, trade or approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational and informational purposes only. All opinions expressed by Mr. Swarts are subject to change without notice, and the reader should always obtain current information and perform their own due diligence before making any investment or trading decision.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/