Allow me to introduce you to an investment product so disgracefully ridiculous that one could only assume it was launched on a dare. Very quietly, on June 30th 2009, some firm called MacroMarkets LLC (co-founded by the otherwise well-regarded Robert Shiller) launched two ETFs that purport to be able to give investors 300% of the return or it’s inverse of the…
ETF’s
Who's Ready to Start Picking Stocks Again?
Over the long holiday weekend, I was asked the same question in different settings by friends, neighbors and family members again and again. “Is the market going to go up or back down from here?” Don’t get me wrong, it’s a nice change of pace from the big question from January and February, “Why would…
Rise of the Silver Surfer
I have a new sector, a new weapon in my arsenal, an area of the market that I’ve ignored for over 10 years due to the lack of quality pure-plays. I’ve been trading and investing in various gold ideas forever, but a lot has changed with the white metal, and now I’m happy to report…
Creating a Bailout Army of Retail Investors
I’m actually OK with this one. If the taxpayers are going to be on the hook for the losses, they should get a crack at the upside, too (hopefully there will be an upside). And if that opportunity comes in the form of retail funds created by quality organizations like the Pimco‘s and the BlackRock‘s…so…
Dude, Where's My Hedge?
This morning, Bloomberg has an article about how hedge fund managers are no longer in the driver’s seat when dealing with clients. They are now flying to visit with their accounts when they used to force them to come to Connecticut. They are adjusting fees downward to keep assets from CALPERS and other large investors. …
Top 10 ETFs They Haven't Created Yet
With over 400 Exchange Traded Funds (ETF’s) on the market right now and new ones being issued each week, it would seem that we could be reaching the point of ETF overload. That said, it would be tough to say that we have too many ETF’s until we get to the point that we start seeing products like the ones listed below…
Graduating in a Bear Market? Wall Street's Not Hiring.
With graduation approaching for the Class of 2009, college seniors are scrambling to find jobs by the spring. Let’s hope they don’t have their hearts set on Wall Street. By the time the big unwind is through, Wall Street (and peripheral sectors) will probably have lost more than a quarter of a million jobs. Unlike ’87 or ’01-’02, most of these jobs won’t be coming back.
