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TheDumbMoney (76.38)

November 2010



Large Banks and Event Risk

November 30, 2010 – Comments (4) | RELATED TICKERS: C , BAC , JPM

I could go on and on about why I think one should not buy stock in any of the large banks right now:  systemic risks have not been fixed, leverage is still too high, the same people who were in charge still largely are, housing is still a big risk, commercial loans are still a big risk, a double-dip would be horrible, most investors are not properly aware of the ongoing derivatives exposure, etc., etc.  Now add another reason:  Wikilieaks is going to publish a whole bunch of internal emails from a major bank.  Maybe I'm absolutely on the wrong side of this, given quantitive easing and 0.25% discount rates and such, but who needs that kind of event risk?  [more]



It is China, not the U.S., that Should Fear China's Currency Peg

November 23, 2010 – Comments (5)

China's near-peg of its currency to the dollar is not a free lunch for China, and it eventually will end, with gradual appreciation of the renminbi.    [more]



Just HOW linked are stock and commodity prices right now?

November 20, 2010 – Comments (0)

I personally have no clue.   But this is an EXCELLENT little piece by Zweig on the subject.



The U.S. is Plugging Away at Fusion Energy

November 17, 2010 – Comments (2)

The news is dominated by pseudo-intellectual, political jibber-jabber, concern about The Situation and Snooki, human interest stories of no geopolitical import, and chatter about how 30 large stocks performed on any given day.    [more]



No New Stocks, and Other Ruminations

November 01, 2010 – Comments (1)

Every month, I generally either to add to an old position that I believe remains under-valued, or I purchase a new stock I believe has the same characteristic.  This month I am simply sending my allocation into my stock account, as usual, but I am not purchasing anything.  I am doing this for two reasons:   [more]

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