January 2013

re: the guy who runs Whole Foods

The bull case on Whole Foods is that they dominate the category and their typical customer doesn’t give a fuck what she pays for an organic banana so long as she does so in a store with gleaming hardwood floors and recessed lighting. The bear case on the stock is valuation (supermarkets are moribund businesses…

Pulling in the horns

The bulls may want to pull in their horns a bit this week. Apple’s uncertain earnings in the middle of this week combined with the sudden rush of ebullient sentiment are a bit concerning. There are a host of ETFs and stocks with great setups here but patience for better entries is probably warranted. At…

The Outsider’s Guide to Davos

Good morning and welcome to the worst week of the year – it’s the annual World Economic Forum in Davos! If you’re unfamiliar, the World Economic Forum is a gathering of self-appointed Very Important People who make grand pronouncements that are both unfalsifiable in their ambiguity and meaningless in their vague calls to action. For…