Cramer VS Roubini – Nasty
Round One? Things got real nasty as two giants in the world of financial commentary engaged in a bare knuckles brawl. Nouriel Roubini earned his reputation by being one of the few to correctly predict the ongoing [...]
The Dow Jones Is Really At 1,000
Larry Summers Says Buy Stocks The President’s economic advisor, Larry Summers, noted last week that: “Although there could be many ways to question this calculation, that the market would be at essentially the same real level as [...]
Stay Long SSO & DIA
My initial assessment on December 3rd that the world had run of sellers has been a win so far – see Breathless Hysteria Overdone? I am maintaining my long positions in SSO and DIA. Although not quite [...]
Newspapers Reveal Secrets To Wealth Accumulation
Today’s horrendous economic news on Singapore would seem to suggest that now is a poor time to be considering the purchase of foreign stocks. Singapore GDP Posts Biggest Fall On Record SINGAPORE — Singapore plunged deeper into [...]
Similar Chart? Similar Ending?
Every bubble in history required easy credit, for without that credit buyers could not buy. As prices rise, more buyers enter, fueled on by easy credit and increasing prices – a positive feedback loop. What happens when [...]
The Good News About Retail Sales
If you only read the headlines, you are probably under the impression that the economy is totally collapsing. The economy is weak and many are paying the price for being over leveraged, but when you see hysterical [...]
Breathless Hysteria Overdone?
The stock market has suffered one of the worst declines in history as we all know. At this point, however, the breathless hysteria over how much worse things will get has become overdone. Markets discount bad news [...]
Where Have All The Stock Buybacks Gone?
Given the magnitude of the stock markets decline, one would think that there would be major announcements from companies announcing stock buybacks. I recall after the crash of 1987 when numerous companies announced major stock buyback programs [...]
Loan Modification – Someone Forgot To Ask The Investors
Purchasers of mortgage debt, formerly known as investors but now known as bag holders were distressed that Bank of America (BAC) did not consult with them prior to deciding to modify customer mortgages, as reported by the [...]
