Author

Comstock Partners 63 posts 0 comments

Comstock Partners, Inc. analyzes economic and financial conditions from a long-term macro-economic perspective and makes adjustments based on cyclical and shorter-term considerations. In pursuit of its goals, the firm invests in various asset classes including domestic and foreign stocks, bonds, currencies and derivatives including indices and options. For the Capital Value Fund, Comstock Partners can buy or sell short and make use of leverage in order to maximize returns under various market conditions. In effect, we believe our operation resembles a modern-day hedge fund in its scope of activities.

Markets

Another Bear Market Trap

Comstock Partners Oct 27, 2011

The sharp rally off the October 4th intraday low of the S&P 500 is a result of the assumed prospect of a real plan to save the Euro and slightly improved U.S. economic numbers indicating that we may not be in a recession right now. In…

Economy

Jobs! Jobs! Jobs! Business Roundtable and Challenger

Comstock Partners Oct 6, 2011

Since the fourth quarter of 1972 (when founded) the most important thing that the BRT does is a survey once a quarter which provides a forward looking view of the economic outlook of BRT's 140 member CEOs. One of the other major changes…

Markets

Total Private Market Debt’s Decline Should be a Glaring Warning Sign

Comstock Partners Sep 22, 2011

The earnings estimates on the S&P must go down significantly. With the problems in Europe, and then the potential slow-down in China (after building more residential and commercial construction than presently needed) we would have to…

Markets

Questionable Rally

Comstock Partners Sep 15, 2011

We continue to be amazed at the eagerness of the market to rally in the face of negative fundamental data. The U.S. stock market rallied today on the news that the European Central Bank is getting together with other Central Banks (Bank of…

Markets

Market volatility and double dip mean re-test of March 2009 low

Comstock Partners Sep 6, 2011

This extra $4.5 trillion of household mortgage debt is a terrible burden on the economy since consumers make up over 70% of our economy. This is why consumer spending has been so tepid over the past few years. U.S. consumers spent well…

Markets

Debt is the Problem and Private Debt is Even More of a Problem

Comstock Partners Aug 26, 2011

Comstock Partnrs writes that its fund is currently positioned to benefit from a declining stock market. This bearishness is mostly due to the enormous debt built up over the last few decades (total debt-including private debt-- was $11…

Markets

Bear market is far from over

Comstock Partners Aug 19, 2011

We believe that the market has now entered a major downtrend. It is a mistake to dismiss the slide we've seen to date as mindless and devoid of fundamentals as many strategists maintain. These are not just scary headlines----they are scary…

Markets

Secular Bear Market Still Intact Regardless of Interim Rallys

Comstock Partners Aug 12, 2011

Comstock Partners present lengthy lbullet points supporting thesis that secular bear market is still intact.

Markets

Suddenly It All Matters

Comstock Partners Aug 5, 2011

A few weeks ago (July 7th) we wrote a comment entitled "Nothing Matters Until It Does". Now it suddenly does all matter, although all of the problems every one is talking about today have been pretty obvious for some time. These include the…

Economy

Deficit Deal Could Derail Growth

Comstock Partners Jul 22, 2011

Comstock Partners argues that while the stock market seems ready cheer any agreement that increases the debt ceiling and avoids a default, such cheering may be extremely short-lived as the economy sinks further under the burden of…