Is JP Morgan as Dumb as the Rest?
As you will read below, I don’t think this is the beginning of another leg in the financial crisis, nor do I think we will see more of this from JPM or other banks. When you trade and invest, you don’t always win and sometimes the losses can be large, especially if people make some pretty stupid decisions en masse. This is Jamie Dimon’s first real black eye since taking the helm at JPM years ago. My takeaways are that Jamie […]
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Date: May 14, 2012
FOX Business
I am going to be on FOX Business this Friday, May 11, at 1:20pm discussing some short-term paths for the stock market as well as some interesting long-term scenarios.
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Date: May 10, 2012
Once Again, It’s About Europe
Socialist candidate Francois Hollande won the election in France, throwing the Eurozone into a tizzy as Germany no longer has a fiscally conservative partner in France. This is going to get very interesting as we have Germany favoring austerity and a more hard line fiscal path, while France will look to curb the expense cuts, raise taxes and possibly increase spending. Markets cratered overnight, especially in Asia, but by the time the US opened, losses were more muted. And by […]
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Date: May 7, 2012
The Most Unloved Investment
Last Wednesday, I participated in an interesting discussion on CNBC’s Closing Bell regarding what I consider to be the most “unloved” investment. Most continue to scratch their heads as to why they haven’t cratered with the trillions of the dollars our Fed has created over the past few years. But there are bigger stories at play. For years, most have thought that inflation would really kick into high gear, but that certainly hasn’t happened. You may have seen it at […]
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Stocks at Inflection Point
Here is the article based on my interview with CNBC’s European Closing Bell from May 1. http://www.cnbc.com/id/47243367 The 2012 bull market still has further to run, according to Paul Schatz, president of Heritage Capital, an independent investment banking and advisory firm. Instead of a major selloff, Schatz believes that the equity markets will only peak later on in the year, or early in 2013. But he’s undecided about whether this will incorporate a “sell in May and go away” mantra. […]
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CNBC’s Closing Bell
I am going to be on CNBC’s Closing Bell with Maria & Bill at 3:10pm today discussing (defending) why I am the only treasury bond bull left on earth!
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Date: May 1, 2012
Local Bank News in Connecticut
Long time readers know how critical I was of how the whole New Alliance Bank merger with First Niagra went. While it was a good deal at the time for shareholders, their CEO and the bank said one thing over and over, yet their actions did the opposite. http://www.ctpost.com/news/article/Former-NewAlliance-CEO-taking-over-at-BNC-3492708.php New Canaan-based BNC Financial Inc., a $500 million institution, has hired Peyton R. Patterson, former NewAlliance chief executive officer, to lead an expansion that one day could include a public offering. BNC […]
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Date: April 30, 2012
Is Apple in Trouble?
My negative Apple segment on Yahoo’s Breakout continues to be picked up by other websites… http://blog.experts-exchange.com/ee-tech-news/is-apple-in-trouble-aapl-apple-stock/ After a historic rise to nearly $650 per share, Apple stockhas dipped back below the $600 mark after a steady decline over the past week. As a result, the soothsayers have unsurprisingly emerged from the woodwork with their less-than-certain predictions about the company’s future. And somewhat ironically, I’m going to make one of my own. But first, let’s see what everyone else is saying. […]
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Date: April 25, 2012
The Bubble in Apple
It’s amazing that every time I take the unpopular view on the market, a sector, a general security or a stock, people come out of the woodwork to so easily dismiss the majority view as implausible or crazy, which is fine. Everyone is entitled to their own opinion and I have always believed that respectful and constructive disagreement is healthy communication. The “problem” is that it usually and eventually leads to personal attacks or worse from anonymous cowards sitting behind […]
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Date: April 24, 2012
Europe’s Debt Problems are Here for Many More Years
In my bi-weekly interview with my friends from ET NOW in India, I continue to share my long-term view that Europe’s debt problems are not going away anytime soon. Although that may seem bad on the surface, markets have a way of discounting known and anticipated news into current prices. Remember 2008? Who could forget it?!?! The stock market turned down long before the economy and news. And right at THE bottom in March 2009, the news was about as […]
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Date: April 22, 2012
