Love smoking crack? Love investing, also? Well now you can combine two of your favorite activities, enjoying both at the same time! How, you ask? Simple! Allow me to introduce you to…AIG, the former insurance company stock that now exists purely for trading purposes: Here’s a “stock” that for any reason (or no reason at all) on…
Trading
Quick Question re: the Stock Market
Quick question for those following the stock market today… Does any of this activity even remotely resemble rational buyers and sellers pursuing their own interests in a logical fashion? Or am I simply looking at computers trading against other computers ad infinitum? Nice way to start the week: Ford surprise profit vs CIT not-surprise bankruptcy…
Hot Links: Greenblatt, Krugman, Roubini & Livermore
Stuff I’m Reading this Morning… What’s all the hubub about with Roubini‘s carry trade prediction from this weekend? (Clusterstock) To hedge a portfolio, diversify or hold cash? Great post. (AbnormalReturns) Love this stuff – 7 Lessons from trading legend Jesse Livermore. (Minyanville) The best and worst stock reactions from this earnings season. (Bespoke) The Bears…
Dear Motley Fool: Please Stop Spamming Yahoo Finance
Dear Motley Fool, Please stop spamming Yahoo Finance. For every 5 Motley Fool articles Yahoo links to in the Headlines section, I estimate 2 or 3 of them are a thinly veiled landing page for you to sell a newsletter subscription. I don’t have a problem with the pitch, just the disguising of that pitch…
A Whole Episode of Fast Money in One Sentence
CNBC’s Fast Money program is definitely entertaining, and if there are no syndicated reruns of Diff’rent Strokes on, I will occasionally tune in. My fave pundit Doug Kass will be on this evening and, I assume, he will try his best to keep up with the frenetic pace of the banter. If he doesn’t, they may…
Follow Up: Ag-Related Stocks Being Harvested
Yesterday I discussed the possibility that portfolio managers may now look to the agriculture-related stocks to play catch up vis a vis the metals and energy stock rally. Guess they were thinking just that: Industry Top Performers Intraday Price Performance % Change Market Cap AGRIUM INC. [AGU] +7.31% $8.4 B POTASH CP SASKATCHEW [POT] +6.17%…
If Galleon Unloads Their Treasures…
For what it’s worth, here’s a quick look at Galleon‘s top ten holdings. I’d imagine that the phones are ringing off the hook with redemption requests as we speak. These are almost all mega-caps, so I wouldn’t expect a great deal of impact should the fund have to unwind these positions quickly. NAME STOCK SYMBOL …
Commodity Plays: The Search For What Hasn't Moved Yet
Crunch time for portfolio managers. I read in Barron’s this weekend that the average US stock mutual fund manager is about 5% ahead of the S&P 500 this year, according to Lipper. OK, but it’s the below-average performing PM that really needs the juice right about now, with 10 weeks or so left to make…
Droppin' Knowledge: Fadel Gheit on Oil & Gas
Now that oil prices have joined the party, I thought I’d share some of Fadel Gheit’s thoughts on the energy sector. Gheit covers oil for Oppenheimer and was ranked #3 on the list of Forbes‘ Best Brokerage Analysts for 2009. He spoke to The Energy Report last week about the energy markets: On the discrepancy between…
Remember the Last Time Intel Reported?
All eyes are on Intel (INTC) this evening as the company is one of the first bellweather names to report earnings. The last time Intel reported, on July 14th, the NASDAQ exploded, with a gap up and 3.5% gain for the composite the following day. Nothing in last month’s report means anything as far as forecasting…
