Since 2003 I have been a contestant in year-end stock picking contests in which each contestant picks their favorite stock or investment for the upcoming new year. The contests that I participated in were held by Equities Magazine and Fortune Magazine. In the various contests, I was able to compete against dozens of famous stock [...]
For the past two days (Friday 10-23-09 and Monday 10-23-09) the index for Dow Jones Industrial 30 composite opened up significantly higher only to trade down by over 100 points from the previous day’s close. This market action indicates that unsuspecting buyers are being lured by the reports of companies exceeding their earnings estimates. This [...]
The Producer Price Index (PPI) for August was down 4.3% versus August of 2008.
Comment: Both of the above occurred during the Great Depression. Those who are saying that we have avoided the Great Depression are premature.
Richard LeFrak, who was a guest host of CNBC this morning divulged important information on the upcoming crisis in commercial [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
In December of 2008, I wrote an article “The Boogeyman is deflation” on deflation and why I believe that it poses a much bigger risk than inflation to the U.S. and world economies. Many analysts and economists especially those on CNBC have scoffed at those who have concerns about deflation.
Today’s (Friday August 15, 2009) announcement [...]
The action of the spin (stock) market last week ended July 17th was very disconcerting. In my 32 years in the stock market I can-not recall any time in which the major indices were completely driven by media spin on the announcements and news reports that they took out of context. Those who relied on [...]
Dow down 35 points on Friday. Now two consecutive weeks of declines for the Dow. 20/30 Dow stocks down on Friday. Biggest losers down more than 1% were AXP, BA, CVX, HPQ, MSFT, WMT, XOM, Biggest gainers BAC and MRK.
VOLUME is drying up and this spells the end of the bear market rally.
Gartman calls Warren Buffet an idiot and he is currently short Berkshire Hathaway shares.
Comment: I still can not understand on how Buffet invested in GE last fall when the shares were last above $20. With his GE investment he broke his own rules.
http://www.cnbc.com/id/31494704
40 Banks have been closed by the FDIC this year. That’s a [...]
Our family goes to a youth all star baseball tournament in Palm Beach about 45 minutes from where I live in Fort Lauderdale on Father’s Day. My 11 year old son has been playing in the tournament since he was eight years old. We have been making the annual trek for the last [...]
Nationalism is clear and present danger.
China has imposed a requirement for its stimulus projects to use domestically made goods — a move that could strain ties with trading partners after Beijing criticized Washington’s “Buy American” stimulus conditions.
http://www.cnbc.com/id/31398286
Comment: The great depression was partly caused by protectionism and trade barriers that were the outcome of [...]
Written by Michael Markowski on
December 31, 2009 – 2:43 pm
