Oh the weather outside is frightful But recovery’s delightful And since we’ve no jobs to go Let it snow, let it snow, let it snow Cartoon Source: Cagle.com
US Dollar
Hot Links: No Balloon Boy Coverage Here
Stuff I’m Reading this Morning… The dollar is not weak where it counts – in China. (FloydNorris) The big BIG stock winners of 2009. (TheFly) Morgan Stanley: according to the Debt-Equity Clock it’s time to own stocks. (PragCap) Rolfe caught George Soros and Stephen Roach at The Economist conference, here are their thoughts: (Reuters) I…
Hot Links: Heir to the Throne
Stuff I’m Reading this Morning… BlackRock is bullish on US and emerging markets stocks. (DealBook) Go out and hug a bear today. (MusingsOfATrader) What’s George Soros up to these day with his positions? (MarketFolly) Peter Schiff under attack on MSNBC, Eddie calls BS. (CrossingWallStreet) Marc Faber on currencies, equities, commodities and India. (InvestmentPostcards) “Buying gold…
BREAKING: The Secret Plot to Kill the Dollar
FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
More Hot Links: Booms, Busts & Viking Treasure
More Hot Links for Weekend Reading… Trader Mark takes us back to what he was saying/ doing the week the market bottomed. (FundMyMutualFund) Unemployed in their 40’s and 50’s. (NYT) Big mistake: commercial fisherman who literally s%$& where they eat. (True/Slant) Killer chart: Rise and fall of the US Dollar, 1800 to 2009. (ZeroHedge) Robert…
Hot Links: Buffett & The Bikers
Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi. (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect. (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us. Sold to you. (DealBook) Chinese pig farmers speculating…
…You Might Be a Gold Bug.
Gold bugs have been around for over 100 years, lurking at the fringes of the investment community and singing the praises of the yellow metal to anyone who will listen. As a result of the plunging US dollar, apocalyptic drops in asset prices and the commodity’s eight year bull market, gold has attracted a huge…
Fed Leaves Rates Unch, Kass Sees Possibility of Much Higher Rates in the Statement
OK, so my excitement for today’s FOMC meeting notwithstanding, today’s statement, on it’s surface, didn’t appear to contain anything new. That said, TheStreet.com’s Doug Kass, my fave market commentator, has come away with a different perspective on what may have been said between the lines. 8/12/2009 2:48 PM EDT From my perch, the Fed report suggests…
Droppin' Knowledge: Matt Horween Unleashed
You guys know how much I love righteous indignation as a writing style. Matt Horween of TheStreet.com is ladling it out thick for anyone with a bowl in his six part op-ed that will run every day this week, enitled Fix America Now. Yesterday’s opener was crackling with skepticism over our military expenses in the…
Breaking: US Dollar to Reverse Split
Breaking News: Washington D.C., Jul. 24, 2009 — The Federal Reserve announced today that its Board of Directors has declared a reverse stock split, at a 1 for 2 ratio for the US Dollar, effective August 1, 2009. As a result of the reverse split, every $2 of outstanding US currency will be changed into one Dollar. All fractional monies…
