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October 2009

Recs

85

Bash My Stock

October 22, 2009 – Comments (199)

As I sat here reading, the idea just hit me...as the stock market continues to head higher far ahead of many economic indicators, and as I continue to bet against company after company, what better way to unleash my sarcasm than creating a blog about it.  [more]

Recs

17

International Delights

October 20, 2009 – Comments (11) | RELATED TICKERS: MBT , ACH , EWA

Despite a rapid outperformance in international stocks in relation to companies in the United States, I'm definitely feeling that increasing bets on foreign companies is the way to go. I simply don't have any faith in the ability of the US stock markets to continue higher from these levels, especially with unemployment rates still rising and GDP's growing rapidly in other parts of the world. The US could be entering a nasty period of stagflation as many here have contended, so for the moment let's abandon the idea of finding value in the US (because trust me, there aren't any value companies left) and look abroad to find some international delights!  [more]

Recs

45

Garbage Stock Overload

October 15, 2009 – Comments (56) | RELATED TICKERS: DTG.DL2 , GTN , MNI

Well, it's official that the Dow Jones Industrial Average has crossed 10,000 yet again and the S&P 500 is closing in swiftly on that 1100 mark, but how far have we really come? If you look at expected earnings from all S&P 500 companies, the average earnings decrease expected in Q3 is 17% and yet we are just a hair above where we were last year on all three indexes. Understanding the criticism that the market doesn't exactly value things rationally in irrational times, I still have to be very skeptical of a move where we could lose nearly 1/5th of all profits and be HIGHER than where we were last year. This is definitely something that makes me support TMFMarathonMan's (I hope thats who posted the article) hypothesis that irrational exuberance may be making a comeback, or at least irrational expectations. Unemployment is leveling and yet still rising, junk bond rates are soaring, treasury yields are falling, but the truly horrifying fact is just how many of my so-called "garbage stocks" have taken off.   [more]

Recs

87

Ask A Blunt Man

October 06, 2009 – Comments (170)

At the moment I'm blogless, so how about we try something new...  [more]

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