Stocks Hit with the Ugly Stick
Stocks got hit with the ugly stick on Friday after continued worries in Europe led to overnight weakness and then the market got thumped by the horrid jobs report. Gold and treasury bonds were the only bright spots. Did gold just see “THE” low or “a” low? We will tackle this in an upcoming Street$marts. Stocks should be in the early stages of the bottoming process. It’s too soon to offer how long it lasts, days or weeks. But the market […]
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Date: June 4, 2012
The Facebook Fiasco… A Guide of How NOT to IPO
Here is the latest Street$marts with a detailed article on the bust that is Facebook. http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120525.pdf
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Date: May 29, 2012
CNBC’s Closing Bell TODAY at 4:10pm
I am going to be on with Maria and Bill at 4:10pm today discussing ethics versus business on Wall Street in the face of Facebook’s epic bust. Now that should make for interesting conversation!
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Date: May 25, 2012
Facebook, Facebook, Facebook
Is the world so boring a place that unless we can beat a story stock to death, there is nothing else to report? Have we forgotten about the need to create jobs in the private sector? First it was Apple; then it was JP Morgan; and now it’s Facebook. Thankfully, the IPO is over, Mark Zuckerberg is now worth $19B and the markets have created thousands of new paper millionaires. It also means that in a few weeks, the buzz […]
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Date: May 22, 2012
STILL Targeting JP Morgan?
It’s really amazing how the media latches on to a story. Not long ago, Apple was all the rage. Positive story after positive story. As you know, I took the very unpopular other side of that equation publicly. And they trashed me all over the place. Funny how that chatter has really quieted down! Now we have JP Morgan in the very unenviable position of being at the other end of that spectrum. Negative story after negative story. The media just […]
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Date: May 21, 2012
JP Morgan, The Next Recession and The Wave of New Jobs
I did an interview with FOX Business on Friday where I offered my comments on the overblown mess at JP Morgan, which is the story of the day/week. I also opined that the next recession in the US will likely be seen in 2013 or 2014. I was somewhat surpised that the anchor thought that was so outrageous. Except for the 1990s, we typically see one or two recessions per decade with one being more severe than the other when […]
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Date: May 15, 2012
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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