Archive for the 'Stock market' Category
Who owns these stocks?
November 17th, 2008After months of internal debate at Goldman, the seven top executives at the firm, including Chief Executive Officer Lloyd Blankfein, asked the board’s compensation committee to grant them no bonuses. The board approved the request on Sunday.
The executives will only be eligible for their base salaries, $600,000 for each. A firm spokesman said the executives […]
Food Supply Catastrophe of 2009
October 28th, 2008You can stop driving and use less oil and gas. You can buy less things and use less copper, cotton and steel, but it is pretty hard to stop eating. It is in that simple thought that guides me to believe that we are heading to a global food catastrophe in 2009. How do I […]
Buffett addresses the market
October 17th, 2008This is an absolute must read to everyone scurrying for cash right now:
Buffett speaks
Cramer Unwittingly Calls a Bottom
October 6th, 2008I’m calling it now. Jim Cramer, CNBC and Thestreet.com commentator and former hedge fund manager, has officially called the bottom.
Well, he actually went on the Today Show and told every investor to “PANIC!” The sky is falling! SELL! And this after the market has fallen 30%! This is the ultimate sign of a market bottom […]
The United States of Pakistan
September 22nd, 2008The actions of the SEC of banning short selling and forcing short sellers to publicly report their short positions are a disaster waiting to happen. The new rules will cause liquidity in the stock market to fall even more than it already has and will result in uncertainty at a time when we desperately need […]
Puking of stocks
September 10th, 2008Howard Lindzon writes what I think is an excellent column on the forced selling and puking of stocks in the US and in Canada. Check it out:
Puking of Stocks
Bailout is necessary, but not a good thing
September 9th, 2008I wouldn’t pay attention to the short covering rally that the market experienced on Monday. And this rally may have some short term legs. But make no mistake about it, the government bailout of Fannie Mae and Freddie Mac has several negative implications for the economy, real estate and the stock market. Here are the […]
Financial Lies from Merrill
July 28th, 2008After the close on July 17th, Merrill Lynch announced earnings. Actually it wasn’t earnings, because they lost money. They lost $4.65 billion on writedowns. On the 18th, the stock rebounded from earlier losses and closed slightly higher for the day on hopes and beliefs that the worst was over and that financial stocks had put […]
Sir John Templeton
July 9th, 2008Sir John Templeton, one of the great investors of all time, has died at age 95. He was a great influence on me as a young kid trying to learn about investing. Not only was he a great investor, he was a great human being. Below is a link to an old Wall Street Week […]
This is what I do for a living!
June 30th, 2008Academic studies finally back up what I have found in 10 years of investing:
No trade stocks outperform