Sign inRecent Commentaries tagged (holy-grails)
401(k) Reforms?
This is scary. At first blush this sounds like a massive “everyone will be invested in one big mutual fund” Ponzi scheme extravaganza. Here is more from the Department of Labor. An excerpt that caught my eye: “Mutual funds pool and invest the money of many people. Each investor owns shares in...
Goldline Might be Starting to Show Some Tarnish
I just called the Goldline guys: First thing I asked, “If I buy gold from you when do I ever sell?” The punk on the phone (and that is being charitable) said: “Gold has never crashed.” “If gold was to go again from $800 to $200 you would have plenty of warning to sell.” I asked who was going to...
Jeff Zucker on CNBC’s Mission
Jeff Zucker offers: “CNBC is a network for those who are wealthy and those who want to be wealthy, and that’s what we stay focused on every day.” How do they do this?
Stephanie Loiacono Brown Noses Warren Buffett; Dear Mister Fantasy…
Stephanie Loiacono writes a little love poem to Warren Buffett here… Um, Stephanie, where is the part about the big W.’s massive bailout? Is that part of the value investing equation now too? Or do we just forget that happened and head back to fantasy land… Dear Mister Fantasy play us a...
“They Raped the Taxpayer, and They Raped Their Clients”
From Matt Taibbi: “The nation’s six largest banks set aside a whopping $140 billion for executive compensation last year, a sum only slightly less than the $164 billion they paid themselves in the pre-crash year of 2007. The question everyone should be asking, as one bailout recipient after...
I Love It When Stocks Melt & People Get Crazy
To watch the financial news today, to see attempts by talking heads at offering investment advice, is pure comedy. I paraphrase a few of my favorite lines caught today: “The markets are down today what should you do?” “We see the markets going lower stay away!” “Greece might default, be...
Numbers to Consider for Buy and Hold Acolytes
The NASDAQ stock exchange hit it’s all-time high point on March 10th, 2000 at 5132.52. Now it is at 2,151.19. We are close to the 10 year anniversary of the high. -58% ShareThis
‘Happy Talk’ from Simon Maierhofer
From Yahoo I caught this tonight. An excerpt: Deep down, every investor is an artist. Your portfolio tools are your paintbrushes and the next trading day or trading year is the blank canvas. Artists will tell you that the first few strokes are the toughest as they set the stage for the entire...
Up and Down, But Mostly Up Recently
From Yahoo today: Investors had hoped that FedEx’ raising of its guidance in early December for its fiscal second quarter meant a more thoroughgoing economic recovery than the company described in its results on Thursday, said Edward Jones analyst Dan Ortwerth. “The market had decided this meant...
Warren Buffett Spin Machine
A young guy from the U.K. has been writing me this morning. He has been making a case for why Buffett is the best investor ever. I have said, “Sure up until his bailouts and sweetheart government daddies helped save him in the Fall of 2008. If not, he was toast.” The young guy responded: As...
Meltdown Prevention?
President Barack Obama’s outgoing communications director Anita Dunn: “At the end of the year, there’s going to be the toughest financial reform law signed by President Obama that we have seen in generations. And hopefully be able to prevent future meltdowns.” How does one stop human behavior?...
Turtle BS
I caught this nugget from a Turtle no longer in the game hyping a “new” trading method: “…I tend to get bored doing the same things for long periods of time…for somebody like myself, I have a lot of interests, and if you’re trend following, you need to be there when the trend’s happening, since...
Forget Trend Following…”Survival Seed Bank!”
I spit out my drink over this one: You don’t have to be an Old Testament prophet to see what’s going on all around us. A belligerent lower class demanding handouts. A rapidly diminishing middle class crippled by police state bureaucracy. An aloof, ruling elite that has introduced us to an...
