November 30, 2010 –
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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]
November 23, 2010 –
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]
November 20, 2010 –
I personally have no clue. But this is an EXCELLENT little piece by Zweig on the subject.
November 17, 2010 –
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]
November 01, 2010 –
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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