Here is Bloomberg’s Chart of the Day, it’s the returns over the last decade for six asset classes. “Paper” lost to everything, especially the “Hard” stuff.
stocks
The New Gameplan?
Is this the gameplan, then? “Dollar Bulls, you guys get to win Tuesdays and Thursdays, we will announce something nasty out of the Eurozone before the NY markets open on those days. Dollar Bears and Investors, y’all need to be patient and wait for Mondays, Wednesdays and alternating Fridays. On those days, we’ll throw you…
Exactly 9 Months Since the Bottom
It’s been exactly 9 months since the S&P 500 put in a bottom (March 9th). Hard to believe how far we’ve come since that day.
The Death of the Intermediate Term
Trying to formulate an intermediate-term opinion on a stock right now is like building a house on quicksand.
There, I said it.
Interview With Elliot Q. Wave, Technical Analyst Extraordinaire
I’ve spent the greater part of 11 months ripping sell-side fundamental analysts to shreds on this site for their slavish dependence on discounted cash flow analysis. Today, I thought I thought it would be nice to visit with my old friend Elliot Wave, technical analyst extraordinaire, to ask some basic questions about how he sees…
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.
Hot Links: The New King of Wall Street
Stuff I’m Reading this Morning… Ending second worst decade for US stocks in history, The Dow has lost 9.2% over the last 10 years. (Bespoke) No stranger to scandal himself, Larry Kudlow has some advice for Tiger Woods. (CNBC) BlackRock passes $3.2 trillion in assets, CEO Larry Fink is the new King of Wall Street. …
Market Rallies Without the Banks
Did you happen to notice that today’s triple digit rally happened without the banks? JPMorgan cut estimates on its peers in financialville and no one seemed to care. Here’s what some of the Money Center banks did on the day: Laggards in Price Performance (Intraday) SUNTRUST BANKS [sti] -1.82% T C F FINANCIAL CORP [tcb]…
The Biggest Market Call of the Decade
Yes, I’m about to give props to Goldman. Deal with it. The single biggest, most profitable market call of the last decade was made in 2001 by economist Jim O’Neill, then working at none other than Goldman Sachs. The call was made in Global Economics Paper #66 aka “Building Better Global Economic BRICs” and it…
New Glossary of Finance Terms Volume II
Back in March, I updated the definitions of several finance terms to better suit the times. Due to popular demand, I’m bringing this feature back this afternoon and covering a handful of definitions for y’all. Here’s the New Glossary of Finance Terms Volume II… Stagflation: This occurs when the number of male deer grows too…
