while at Fidelity Pyramis Global Advisors
(Prohibited from having any contact with the media from 2003-2013)
- Early-2006 his work turned Bearish on the Housing stocks
- Mid-2007 his work turned Bearish for the US stock market, with the Brokerage and Banking stocks in particular
- In the summer of 2008 his work turned Bearish on Crude Oil @120. After suffering a 75% decline to 32 in early-2009, his work turned Bullish @45
- In late-2008, his work began to turn more Bullish on the global Equity markets, and then turned outright Bullish in early-2009
- After under-performing for three years, Retailers gave a Buy signal in his work in late-2008
- His work turned Bearish on Emerging Markets in late-2011 – signaling a major shift back into “Developed” Markets
- After suffering a generational Bear Market, Japanese Equities issued a major Buy signal in his work in late-2011, with an accompanying a Sell signal on the Japanese Yen
Some of his “Buy” recommendations included:
- ONXX PHARMACEUTICALS @45 in April 2012 – acquired by Amgen @125
- FUJI HEAVY @659 (Yen) in August 2012 – reached 4500 in December 2014
- FACEBOOK @24 in October 2012 – reached 80 in October 2014
- VIPSHOP HOLDINGS @3 in March 2013 – reached 24 in November 2014
- MAZDA @349 (Yen) in April 2013 – reached 3100 in November 2014
Some of his “Sell” recommendations included:
- RAIFFEISEN BANK @28.50 (Euro) in February 2013 – reached 11 December 2014
- AMERICAN EAGLE @18.25 in March 2013 – reached 10.5 in May 2014
- WALTER INVESTMENT @36.50 in May 2013 – reached 16 in November 2014