Trading

Bear Market Rallies Are Like Drug Addicts

Below is a post I did for Clusterstock (The Business Insider) last week… I make it a point not to make directional calls on my site or give any specific investment advice. That said, I’ve seen this movie before and I know how it ends. If the rally continues (BIG IF), the next leg is…

Hot Links: Poor Celebs, Spitzer, Analysts in Love & Holy Trading

Hot Links for Weekend Reading Let’s kick things off with Stockwire’s list of Celebrities who are poorer than you, including Gary Coleman and Kim Basinger. Next up, here’s the story of an analyst who fell in love with the CEO of a company she covered and what FINRA decided to do about it…Bill Singer’s BrokeAndBroker.com…

Who Is Tyler Durden of ZeroHedge?

This guy is a machine. I’m a blogger, and a fairly prolific one, so I know a machine when I see one. “Tyler Durden“, the anonymous blogger who writes ZeroHedge, is writing night and day and breaking huge, market-moving stories left and right. I’m blown away. For the uninitiated, ZeroHedge is a financial blog with…

Hot Links: Trading, PPIP, Protests, Spices & Econoland!

Hot Links for Weekend Reading Ever wonder about the “being responsible” side of trading on your own for a living?  I have a lot of trader friends and I respect the discipline they show in terms of segregating moneys and so forth in the heat of the battle.  Michael Higgins of Tickerville wrote a really…

Behold the Power of the 13D

  SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. –)* (Name of Issuer) …………………………………………………………………………………………………. (Title of Class of Securities) …………………………………………………………………………………………………. (CUSIP Number) …………………………………………………………………………………………………. (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) …………………………………………………………………………………………………. I plan to do a lot of posts…

Keep Your Filthy Hands Off My Clients' Money, D.C.

Oh Boy.  Talk about adding insult to injury.  The same Washington D.C. that brought us the TARP fund and all the lackadaisical oversight that came with it now has a new way of raising the money to pay for it. It seems there is an academic named Dean Baker, who would like to add a…

CNBC's Most Annoying Commercials

I don’t know if it’s the advertisers who produce the commercial or CNBC who runs them ad nauseumthat I blame, but below is my list of the most obnoxious, annoying and pointless commercials on CNBC. Please put them out of our misery, Network Brass.

Barron's Buzz: January 4th, 2009

Quick thoughts on this week’s Barron’s… Bubble in Treasuries?  Yeah, probably…Read the cover article, called Get Out Now by Andrew Bary and you decide. Kopin Tan does the obligatory “cash on the sidelines about to come into the market” story in The Trader column.  I’ll admit, the figures are huge, but they’ve always seemed huge,…

Pick Sectors, Not Stocks

These are the days when you either need to have a 20 year time frame or a 20 minute time frame, and either can be extremely profitable. In either case, owning the sector is going to give you all you need in terms of volatility, so leave the stock picking to the masochists.

Read This Book: Reminiscences of a Stock Operator

When people who are starting to get involved in the markets, whether as professionals or investors, ask me what books I suggest they read, this is the first one I always mention.

Reminiscences of a Stock Operator is a quasi-biography of trader Jesse Livermore, who went from early 1900’s bucket shop speculator to master trader, having won and lost large fortunes along the way in everything from stocks to cotton futures.