September 21, 2012 -- Quote of the Day
?It?s all artificial stimulation. The market wouldn?t be here without quantitative easing,? said a NYSE floor trader.
Entries by DougD
Get the Most Bank Per Buck From my Research.
Sometimes market moves call for options, and I?ve used a lot of them recently. Can options be profitable? The proof is in the pudding as my strategies have paid off handsomely. However, I do get a lot of questions about option strategies and how best to place trades. In an effort to help my readers
Why Apple May Go Ballistic.
I went into my local Apple store last week to buy an iPhone 5 to replace my aging iPhone 4s. The sales girl looked at me like I was out of my mind. She gave me a website address where I could pre-order and said good luck. I found out later that the company sold
September 20, 2012 -- Quote of the Day.
?The reality is that the iPhone 5 is going to do more for the economy than QE3,? said Kevin Warsh, a former Federal Reserve governor.
If You Had Any Doubts About Gold ...
Since Ben Bernanke?s announcement of QE3 last week, new forecasts for gold have been popping up like acne at a high school prom. They range from the conservative to the absurd, from $1,900 to $55,000. But they all have one thing in common: higher. Before you head down to the local coin store to load
The Ultra Bull Case for Gold.
I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only
Testimonial.
I really like your daily take on the markets and world issues. You have earned your stripes over and over. You are a statesman of the money world. I will see you on your next visit to Seattle. Stay safe, Mike Seattle, Washington
September 19, 2012 -- Quote of the Day
?The old yardsticks don?t seem to be working anymore,? said Art Cashin, a strategist at UBS.
Emergency Strategy Reversal.
I think that Ben Bernanke?s QE3 is such a game changer, that we have to throw all existing strategies into the trash and start all over again from scratch. ?Suddenly, investors and traders have to face the prospect of adding $500 billion to $1 trillion to the Fed?s balance sheet, taking it to a record
September 18, 2012 -- Quote of the Day
As opposed to the mentality of the last couple of years where you faded every piece of good news, we may be moving to a period where you fade the bad news because you know there is a clear game plan below it,? Jim O?Neill, chairman of Goldman Sachs International in London.