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From Egypt, From Israel
Reader NT asked me what the financial analyst discovered in the TelMex books two decades ago which led me to sell the shares of the company of the world's richest man. It was not a Lehman-style sophiticated scam. Mexicans applying for a telephone account paid a large deposit to Carlos Slim...
Forbes Billionaire
Just what linkage is there between Carlos Slim Helu being selected as the richest man on earth by Forbes, and the outlook for his native Mexico? In my view, nada. To be sure Matthew Miller, the senior editor of the magazine who does the billionaire tables thinks otherwise. But he would,...
My Stamp Collection and A Gold Fund
Two readers asked the same question from Atlanta and Albuquerque. One wrote: Picking so many stocks means you're just trying to get lucky and hit a few big winners. It reminds me of playing roulette, hardly a science. And the other wrote: I'd like to hear your thoughts on how many different...
Anniversary News
Today is the first anniversary of the bottom of the global stock markets on March 9, 2009. Here is what I wrote that day: The main optimistic view is that because the U.S. was first into the mess, it will be first out. FIFO in fact. Since we never have been in a comparable economic downturn...
Monday Trades
Today we did some trading. We sold Stada Arzneimittel (STDAF) at $39.35/sh and also EZU at $35.51/sh. I had not noted that we also got a 2.941% dividend on that ETF last year which enhances our return.Full content is available to subscribers only. Subscribe now.
A Departure for Paid Subscribers
Today's newsletter is a new departure. We run for paid subscribers a pair of article by... paid subscribers, each about his or her favorite stock in the Global Investing universe which we have not written about yet. This violates one of our rules. Normally Vivian and the editorial team do not...
test
Here is my final rebuttal to Tom McClellan's taste for charting. It is a news item from today's Bloomberg about a Singapore gambling stock:: Genting Singapore Plc, the worst performing stock on the Straits Times Index this year, may extend declines should key moving averages intersect in a 'dead...
Automated Mindless Censorship
Here is my final rebuttal to Tom McClellan's taste for charting. It is a news item from today's Bloomberg about a Singapore gambling stock: Genting Singapore Plc, the worst performing stock on the Straits Times Index this year, may extend declines should key moving averages intersect in a 'dead...
Eurodollars and Female Viagra
Right of response was granted to Tom McClellan who emailed about my charts note yesterday: "1. You misstated my assertions about the meaning of the eurodollar COT data. It shows an important top due in mid-March, and not an upswing at the end of March as you stated. Furthermore, you should...
I Wander Through Each Chartist Street to Where the Chartist Pound Does Flow
Today I wander through each chartist street to where the chartist pound does flow, with apologies to Blake. I am quoting a report on one of our hard-to follow stocks a subscriber sent me from a chartist service in Cambridge England, so I thought it might be a good idea to share with you all my...
Gross Gross
Here is the latest from Bill Gross, CEO of Pimco: He begins with the usual conundrum of sovereign debt rating ceilings. This means that a country, however badly managed, gets a higher or equal bond rating than the bonds of companies located there. The reason is that a sovereign is assumed to be...
When Wen Wants Now amd Wowkodaw
What Wen wants now. I can assume that Premier Wen Jiaobao can get what he wants from the Chinese housing industry, more homes for sale to Chinese buyers at a reasonable price. And no favor to Chinese flippers and buy-to-rent investors. And more houses in second tier fast-growing provincial...
Latest Purchase
This morning I am in deep contract negotiations and will not be filing an additional blog beyond what went out last night. I was wrong about the short-euro short-Greek bond trade unrolling fast. It is unrolling slowly maybe because some hedge fund investors already pulled back before the...
Night Wire
The economical advantages of commerce are surpassed in importance by those of its effects, which are intellectual and moral. It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and...
