January 2013

Upside Risks

This morning I opened up my hometown paper, Newsday, to see that the S&P’s breaking above 1500 was the story on page 2. If and when the Dow breaks its old record high above 14,000, that will not be on page 2, it will be on the cover. Not just of Newsday but of every…

The Next Big Thing: Make Your Own Trading Algo

I can see for miles and miles, and a few years from now all of the online brokerage firms are going to be offering retail frequent traders the ability to build, backtest and employ their own trading algorithms.  In an article two years ago I foresaw this, see ‘Where Are the Customers’ Bots?‘ at the…

The word is out, just so you know…

Just so you know, tonight this Breaking News Alert went to every email box in the country signed up for such alerts with the New York Times: BREAKING NEWS Friday, January 25, 2013 4:06 PM EST S. &. P. 500 Closes Above 1,500 After millions of people all but abandoned the market following the 2008…

The Day Everyone Laughed at Me

On April 26th of last year, I participated in the first annual CNBC Stock Draft – a competition where we were given a choice of 20 stocks and then had to hold one of them until Feb 2nd, 2013. I had the first pick, could have gone with pre-IPO Facebook, Google, JNJ etc. Instead, I…

Qualcomm and Ford Earnings Consensus via Estimize

Over at Leigh’s site, Estimize, the non-Wall Street consensus takes a look at two big earnings reports coming next week, Qualcomm and Ford. You can click on the ticker symbols to head over for more information: Ford Motor Company (F) 17 Estimates Reports 01/29 Estimize EPS consensus has beaten Wall Street consensus in 3 of…

The Markets Have Moved On (BusinessWeek)

Roben Farzad’s article at BusinessWeek the other day about investors being better off sitting tight than reenacting the Stock Market Civil War day after day was a good read. Your boy has a quote in it: Indeed, on that total-return basis, including reinvested dividends, the S&P 500 set new all-time highs last year. As Josh…

Vanguard: People Need an Advisor

Vanguard’s always had a do-it-yourself ethos around their products and message, the idea that high-priced fund managers and stock pickers were inferior compared to the power of an individual investor using low-cost index exposure. But in recent years, its utility to the new breed of fee-only financial advisors and planners has exploded and a nice…