?Right now, our politics are holding us back. It?s like being the children of permanently divorcing parents. The political environment is a real downer for a lot of people, and their holding back,? said New York Times columnist, Tom Friedman, author of the book, That Used To Be US.
During my recent meeting with the senior portfolio managers of the big Swiss banks, I kept hearing the same word over and over: yield, yield, yield! The search for yield by end investors has become so overwhelming that it now trumps all other considerations. So I am starting a series of major pieces on the
With oil (USO) getting ready to take a run at $100 a barrel once again, the first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank goodness that we have the oil
?Today, 20% of enterprises are using Apple computers on their desktop. For the first time in 30 years, for developers, it is Apple first, not Apple second. This fundamentally changes our investment thesis,? said Ann Winblad of Winblad Hummer Venture Partners.
Global Trading Dispatch?s Trade Alert Service posted a new all-time high yesterday, clocking a 52.8% return since inception. The 2012 YTD return is now at 12.62%. That takes the average annualized return up to 30.2%, ranking it among the top performing hedge funds in the world. Those happy subscribers who bought my service on May
Much of the fury in this morning?s nearly 60 point ?melt up? opening in the Dow was generated by hedge funds panicking to cover shorts. Convinced of the imminent collapse of Europe, the impotence of governments, and the death spiral in sovereign bonds, many managers were running a maximum short position at the opening, and
?Rock stars get room keys. I get business cards,? said New York Times columnist, Tom Friedman, and author of the book, That Used To Be US.
It is a fact of life that markets get overstretched. Think of pulling on a rubber band too hard, or loading too many paddlers at one end of a canoe. Whatever the metaphor, the outcome is always unpleasant and sometimes disastrous. Take a look at the charts below and you can see how extended markets
While in Zermatt, Switzerland recently, I took the opportunity to undergo my annual physical. Over the years, I have discovered that American doctors are so paranoid about getting sued that I can never get a straight answer about anything, so I do all of my physicals abroad. I like visiting Dr. Christian because he is
I?ve said it many times. Energy?s share of GDP at 17% is a wall. When we get to 17%, we almost always have a recession. And by the way, we are at 15% now,? said Joe Petrowski, CEO of the Cumberland Gulf Group, a petroleum marketer.