ManyPeaks.com

There are occasions — sometimes years — when stock markets are so unrelentingly strong that a good active manager who was previously known to be “prudent” becomes viewed as a laggard. This most often happens near major tops in the stock market. Teresa Lo of PowerSwings.com discussed just such situations in a very […]

We have been honoring some of my mentor RevShark’s words this week. Saved from a long-ago post on RealMoney.com, I break out this quote whenever the market gets dicey.
“Keep the Damage to a Minimum.
If you can avoid taking a large hit now, you will be much better positioned when things get better.”
Words to invest […]

And this one dwarfs what’s going on in the Oil patch.
A Chinese hedge fund manager just paid $2.1 million for lunch with Warren Buffett. As the figures show (source: Bloomberg), the value of this “asset” has absolutely exploded.. more than a 100-bagger since the 2001 low !

2000 Anonymous $25,000
2001 Anonymous $18,000
2002 Edward Jones Co. […]

The latest Case/Shiller S&P data (for April — seems dated but whatever) showed home prices down an average of 15% from the year before. That’s huge. Vegas was the worst, losing 26.8% ! Interestingly, Charlotte fared the best, at breakeven.
Even NFL players’ homes aren’t selling well. Ousted Cincinnati Bengal Chris Henry’s […]

There’s lots of wrangling about who in government is going to “fix the problem” of high energy prices. It doesn’t need fixing.
Now I’m no proponent of tobacco consumption, but MSNBC’s report that — far from expectation at the time — production of the golden leaf has done nothing but increase since the federal price […]

Quint over at Tickerville.com has a comical post up called “You Know You’re a Trader When…” I can relate to several in the list.
While discussing my guilt, might as well note that while it’s simply over-the-top, there’s a little part of me that would enjoy owning this monster 24-screen trading setup:

I’m not sure I’d […]

This headline hit my screen today.. I believe the author’s name was Captain Obvious.
Surge in credit card use could bring more woes
Analysts warned that the situation likely will lead to long-term problems for the consumers, banks and the overall economy.
Ya think? Excessive credit card debt is not anything new. If it were, there […]

Both technically — our forte — and fundamentally.
Our friends at 1440 Wall Street posted some solid logic today from Pimco’s El-Erian today regarding when it’s smart to buy either the debt or equity of companies in an industry that’s recapitalizing rather than expanding. Umm, kind of like where the financial sector finds itself today.
We […]