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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

Secular Bear Market?

Comstock Partners Mar 23, 2012

We received a phone call over the weekend from a close friend and someone who reads our comments religiously. He had a question for us. He wanted to know if we were still in the secular bear market camp or have we thrown in the towel since…

Economy

Economy Still Burdened With Excessive Consumer Debt

Comstock Partners Mar 5, 2012

For some time we have maintained that the economy, following the severe 2008 credit crisis, would grow at an exceeding slow and uneven pace, and this is the way it is playing out. This is unlike the garden-variety post-war inventory…

Economy

An Agreement That Few Believe

Comstock Partners Feb 24, 2012

According to their own public comments, the EU, ECB and IMF do not have much confidence that their agreement with Greece will avert default. Instead they are apparently trying to isolate Greece, delay its eventual default, prevent…

Economy

Right Now the Debt Crisis is European, But the Problem is Global

Comstock Partners Jan 5, 2012

In addition to the European economic recession exerting a drag on the rest of the world, the real threat of bankruptcy of a major financial institution can rapidly spread throughout the globe as a result of a run on the banks or the opaque…

Markets

Market Facing Strong Headwinds

Comstock Partners Dec 16, 2011

All in all, the negative fallout from the EU sovereign debt crisis and the outlook for the U.S. economy are likely to have a strong downward pull on the stock market. Rather than reflecting fear, the market seems unusually complacent as…

Economy

Additional Liquidity Is Not A Solution

Comstock Partners Dec 8, 2011

In sum, it seems clear that the next few days will not produce a long-term solution to the European debt crisis. However, the various nations and financial institutions realize the gravity of the situation, and it seems likely that they…

Markets

Central Bank Action Not A Solution

Comstock Partners Dec 1, 2011

European leaders will meet again on December 9th in an attempt to come up with the solution. The important point, though, is that the probable solution would call for European nations to surrender some sovereignty over fiscal policy to a…

Markets

Euro Crisis At A Tipping Point?

Comstock Partners Nov 17, 2011

The European sovereign debt crisis is rapidly approaching what could be a significant tipping point as it threatens to spread to the heart of Europe. In recent days Italian 10-year bond yields have soared to 7.22% and today Spain was forced…

Markets

Euro Crisis Enters Dangerous Stage

Comstock Partners Nov 10, 2011

We see no easy way out of the current turmoil. The result of enough fiscal austerity to relieve the debt pressures is a severe recession or depression. Historically, independent nations undergoing austerity have accompanied the policy with…

Economy

Fed’s Outlook Nothing To Cheer About

Comstock Partners Nov 4, 2011

The bulls assert that the market is already discounting major risk and is reflecting widespread fear that may prove unfounded. That might be true if the market had collapsed as in 2000-2002 or 2008-2009. However, the current market is more…