Executive Officer at SME
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Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU.

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E My Take On Recessionary Indicators
Despite the regularity of economic downturns and the existence of business cycles in a free market economy it is quite obvious that recession calling remains an art more than a science with the scientists being wrong consistently.
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Latest Comments
There Are No Shortcuts
3 days ago

The main reason why hedge funds return so poorly these days are fees to make the operators rich and regulations that require more overhead to weigh down what little they earn. Watch out for outsized gains, they are often had by taking outsized risks which aren't apparent until they are realized.

It’s Just A Normal Correction At The Right Time Of Year
5 days ago

I'm in 100% agreement. It's not even that severe of a correction.

In this article: SPY
The Last Time Our ‘Gold Direction Indicator’ Was As Positive As Today, Gold Rose From $1220 To $1280
5 days ago

The good signs are mostly due to the dollar weakening. Recently it seems to have gotten some support. If the dollar falls further gold may not be the only sign things are not going well despite the hype that all is well in America.

In this article: PALL, GDX, GLD
Can Japan End Its Easy-Money Addiction?
5 days ago

Expecting change in Japan is practically hopeless as the lost generation has found out. We will see what the next generation will be in Japan. The only thing keeping many afloat is that the population is decreasing thus the slow erosion of standard of living continues as the young inherit more from their parents to keep them afloat as the economy stagnates further. It is true the economics of Japan have improved recently, but it is not sustainable and not prudent. The fear is that Japan may embark on even more monetary loosening as the author points out and risk an accelerated collapse which is almost already inevitable.

Lack Of Industrial Momentum Is (For Now) Big-Auto Problem
5 days ago

The closest way to understand all of this is to look at Japan when it implemented low interest rates and QE. If you want to kill your economy, this is a almost surefire way to do so.

Hindenburg Omens Flashing Major Warning Signal For The Stock Market
5 days ago

Thanks, it's certainly worth watching although I don't see the market blowing up this quarter. Earnings were reasonable. We will see about the next slew of reports although the weak dollar is really pumping up big corporations with foreign sales. I'd tend to believe it won't be until at least next year to start worrying. Maybe that's why volatility is so low, others may feel the same as me.

In this article: SPX
Signs That Investors May Be Shying Away From Indiscriminate Risk
5 days ago

Indescriminate risk is relative. More worrisome than risky investments is the increasing tandem movements of stocks driven by mutual funds and the like. This is causing good and bad stocks to move in lockstep leaving a lot of stocks with large room to fall in a downturn. When they break lockstep is when to start worrying. All boats rise together but bad ones sink faster than good ones.

I don't think we have reached risk off, however, it is possible that we are entering summer doldrums, especially with the political circus in Washington. Those hoping for major tax breaks to help the economy next year are overly optimistic. In the end, the market will fall when corporate earnings growth slows or drops. Likewise debt growth isn't the major issue. It is the rise in debt versus the rise in earnings and assets. Right now personal debt isn't the problem although corporate debt is becoming a concern given its not being used to buy capital equipment or assets to grow the economy as much as to pay dividends and buy back stock.

In this article: SPX, NYA
Health Insurance Innovations - Chart Of The Day
5 days ago

Nice catch. Is it still a buy in your estimation? Also is their growth and earnings sustainable in the long run?

In this article: HIIQ
The Fiscal Benefits Of Free Trade
5 days ago

Very good explanation regarding free trade and the benefits. Unhooking from free trade may make a nice story about supporting your country, but it is quite the opposite. As for the economic mess we are in today. Indeed the focus on preventing lower prices is absurd, especially if you want economic growth. Sadly, the current administration in tandem with the Federal Reserve are deflating the dollar and thus eroding the value of it's citizens assets in order to stimulate growth.

However, those with assets aren't fools and like in Japan, it causes them to hold their assets and not spend as it takes more money to generate their income streams and buy things like houses. It is true this also causes the rich to diversify out of the US which will eventually lead to an even weaker dollar later.

When Will The Market Move Higher?
7 days ago

Thanks for the insight. Some people may not know this factoid.

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Moon Kil Woong Commented on There Are No Shortcuts:

The main reason why hedge funds return so poorly these days are fees to make the operators rich and regulations that require more overhead to weigh down what little they earn. Watch out for outsized gains...

more
Moon Kil Woong Commented on It’s Just A Normal Correction At The Right Time Of Year:

I'm in 100% agreement. It's not even that severe of a correction.

Moon Kil Woong Commented on The Last Time Our ‘Gold Direction Indicator’ Was As Positive As Today, Gold Rose From $1220 To $1280:

The good signs are mostly due to the dollar weakening. Recently it seems to have gotten some support. If the dollar falls further gold may not be the only sign things are not going well despite the hype t...

more
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