Bear Markets

The Rally Apologista's Handbook

I hear and read the same scary statistics every day just like everyone else. But the quote screen doesn’t lie. So I apologize for staying in the game and these are my excuses.

Today's Bucket of Cold Water, Courtesy of Bert Dohmen

Writing for TheStreet.com this morning, Bert Dohmen (The Wellington Letter), did as good a job as anyone else I’ve read at summing up the bear case and why many issues will come home to roost beginning this October: We see many headwinds for the stock market. When Congress is in session, the stock market has…

The Five Stages of Panic Buying

I talk to a ton of traders, portfolio managers, brokers and high net worth investors, both on and off Wall Street.  Most of them have engaged in a bit of panic buying at some point this summer as the 50% rally in US stocks surprised many smart players. Panic buying is what happens when you…

Halfway Through?

Click Image to Embiggen Doug Short‘s really done a fantastic job on this one…a chart comparing our current nasty bear market (summer rally notwithstanding) with both the 20 year bear market that followed the Crash of ’29 and the lost pair of decades for the Nikkei that began in 1989. The most important thing to…

Droppin' Knowledge: Doug Kass Takes on the Perma-Bears

“I have often written that both perma-bears and perma-bulls are attention-getters, not money-makers.” Doug Kass, May 2009 On May 27th, TRB fave commentator Doug Kass of Seabreeze Partners and TheStreet.com took on the Cult of the Perma-Bears.   As someone who is often characterized as a bear, he sought to establish the difference between people who have…

(blank) Is Set To Benefit As Housing Recovers…Duh!

My new favorite cliche from this just -ending earnings season is “(so-and-so company/industry) is set to benefit as housing recovers“. Think about the absurd obviousness of this statement and the frequency with which it’s being repeated from every corner of corporate America. And you can basically put any company or industry name in that blank and the sentence…

Life After Wall Street?

What becomes of the broken bankers when their services are no longer required?  Does a man still look for work on Wall Street when even the guy who fired him has been let go as well?  Is there any incentive to even want to put in a 15 hour day now that the entire compensation…