- Ex-pitching great, now Senator Jim Bunning nails it when he says “It turns out socialism is alive and well in America.”
- Scott Burns thinks you’re saving too much for retirement. One of the reasons that a lot of people don’t even get started is that financial planners, who are actually sales people, are telling them that they have to set goals that are unrealistic.
- Bullish sentiment ticks higher but there are still a lot more bears than bulls.
- And we could sure use the wisdom of Milton Friedman right about now. By the way, notice the oil chart. This isn’t our first rodeo when it comes to dealing with high oil prices.
Archive for the ‘News and Views’ Category
News and Views 7/18/08
Friday, July 18th, 2008News and Views 7/16/08
Wednesday, July 16th, 2008- The silver ETF (SLV) is filing for a 10 for 1 split.
- The CEO’s of airlines are clueless. That doesn’t surprise me.
- Gold solves the riddle of why oil prices are so high.
- Using the Magic Formula with dividend stocks.
- CXO Advisory tests Mary Zweig’s 4% Model Indicator.
- What if gold gave a party and everyone came?
- Richard Russell on the 50% Principle, the transportation index and the Dow/gold ratio.
- And Jim Rogers on Fannie Mae and why you still want to be in commodities, especially agriculture. And he likes the airlines.
News and Views 7/14/08
Monday, July 14th, 2008- Pran Tiku on “six sizzling markets“: Brazil, Russia, India, China, South Korea and Mexico.
- GLD adds a huge 46 tonnes.
- Ethan Roberts on whether a contrarian can make money.
- 8 lessons from the late and great Sir John Templeton.
- Teresa Lo on paradise lost.
- Using options for short term trading.
- The great Google, Nokia, Apple war.
- 10 steps to profitable trading.
- Small edges = consistent returns.
- John Templeton on the triumph of optimism.
- Why it’s a great time to be an investor. It’s always a great time to be an investor.
- Howard Lindzon says to downsize, focus and pounce.
- What if candidates pandered to economists? Things would be a lot better, that’s what.
- Caroline Baum on “capitalism lite” for a housing bailout.
- And, speaking of bailouts, the big news of the day: “Paulson Seeks Authority to Shore Up Fannie, Freddie.” Here we go again.
Thursday News and Views
Thursday, July 10th, 2008- Get ready for 3-digit silver.
- The airline that has been profitable since Gerald Ford’s administration.
- Ron Paul’s investment portfolio. You can’t say the man doesn’t practice what he preaches.
- Follow the trend with an ETF trend-following plan.
- Super investor Ken Heebner says the worst is behind us.
- Short interest is up 55%: “…36% of companies in the S&P 500 have at least 5% of their shares sold short.” (via The Kirk Report).
- And unless you get position size right, it won’t matter what you trade.
Wednesday News and Views
Wednesday, July 9th, 2008- I don’t give much credence to comparing markets from different periods, but I can’t help but find it interesting. Here’s 1990 vs. today.
- We lost Sir John Templeton on Tuesday. He’s probably the greatest global investor ever. And, more importantly, he’s one of the greatest men to ever be an investor. He’ll be missed.
- The end of the 20-year energy cycle: “Oil will stay expensive until two things happen: the fundamentals of the supply and demand equation changes, and the scarcity psychology around crude oil shifts.”
- One of the most bearish signals is when corporate insiders sell into market declines. During June’s decline, it didn’t happen.
- And if you’re not that familiar with T. Boone Pickens you will be. Between now and November you’ll see his face on TV about as much as you see the two presidential candidates. He’s going to force them to make energy the top campaign issue. That can be nothing but good. The Boone Pickens energy plan.
Monday and Tuesday News and Views
Tuesday, July 8th, 2008- Paul Kedrosky says forget about oil speculators in the futures market. That’s minor. It’s the swaps that are interesting.
- Moo and Oink. Scott Wright says that cattle and hog prices have been going sideways for four years. But that’s about to change.
- Dick Bove. A rarity among Wall Street analysts and a breath of fresh air.
- Want to know which commodities have been the strongest over the last nine years? Oil leads the pack and palladium brings up the rear. In fact, palladium has even been weaker than the stock market.
- Mark Hulbert says that gold timers aren’t worried about gold. That can’t be good.
- And the Aden sisters on gold and inflation.
Weekend News and Views
Sunday, July 6th, 2008- Mark Hulbert on what Dow Theory says about the stock market. As usual, there’s some disagreement among Dow theorists.
- This week’s Barron’s cover story announces, “The Bear’s Back.”
- On the other hand, on April 28 the Barron’s cover story said, “Back in the Pool.” Oh well.
- And this is pretty interesting. Selloffs in the ’60’s and ’70’s.
Thursday News and Views
Thursday, July 3rd, 2008- Eric Bolling on the the way he wants to play gold.
- Whether or not you agree with his conclusion, John Mauldin does a good job of explaining what’s going on with inflation.
- How to go from $300 million up to $27 million down. Why rich athletes go broke.
- And it will take you an hour and fifteen minutes to watch it, but this interview with T. Boon Pickens will be worth every minute of your time.
Wednesday News and Views
Wednesday, July 2nd, 2008- Haven’t heard from Mark Hulbert in awhile, but here he is with his statistical tea leaves.
- What types of stocks are best for sentiment trading? CXO Advisory has some answers.
- Why isn’t the misery index higher than it is? And why aren’t more banks failing? It’s been a lot worse than this, and not all that long ago.
- The American public is saying maybe drill, drill, drill is not such a bad idea after all. (via Instapundit)
- Short seller Doug Kass is looking for a rally and doesn’t even think it’s inconceivable that the stock market has reached a yearly low.
- And looking for the next hot commodity.
Tuesday News and Views
Tuesday, July 1st, 2008- Keith Black on why you don’t want to buy and hold commodities. Actually, you don’t want to buy and hold anything (via Abnormal Returns).
- Why young money managers underperform old money managers. Duh, could it have something to do with experience?
- All about the wind business. It’s just kind of hard to harness it.
- Redistribution of wealth? American’s hate it.
- Carolyn Baum says the Fed should stick with running policy and let somebody else communicate it. Probably a good idea.
- It’s demand, stupid! From Goldman Sachs:
“Current [oil] prices are supported by supply and demand fundamentals. The commodity markets are not behaving in a way that a speculative bubble would suggest.” - And how Tiger Woods and the New York Yankees would fare under Obama’s tax plan. Ouch! (via Instapundit).
