May 24, 2012 - Quote of the Day
?Green pictures of dead presidents suddenly have a lot of appeal,? said Art Cashin of UBS Securities.
Entries by DougD
Japan Downgrade Sends Yen Reeling
The next step has been taken in the coming Japan crisis. American ratings agency, Fitch, has downgraded Japanese government debt to A+, with a negative outlook. The move cut the knees out from under the country?s dubious currency, sending it down sharply. Fitch expects the country?s debt to reach a nosebleeding 240% of GDP by
Why My Boeing Trade Crashed and Burned
This trade was an unmitigated disaster, and hopefully it will be the worst of the year. I?m glad we had one of these because it provides a wonderful opportunity to illustrate everything that can go on with a trade. Every loss is a learning opportunity, and a loss not learned from is an opportunity wasted,
May 23, 2012 - Quote of the Day
?Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,? said former Federal Reserve governor, Bob McTeer.
Facebook Flop Frustrates Ferocious Fans
This had to be one of the greatest change of life weekends in human history, endured by one Mark Zuckerberg. On Friday, he earned $9.2 billion with the flawed Facebook (FB) flotation. On Saturday, he married a Chinese doctor and longtime girlfriend, Pricilla Chan. Then on Monday, oops honey, I lost $1.2 billion. Talk about
Testimonial
Holy Cow! Somehow I missed the May 4 trade alert about selling the (GLD) June $160 puts at $3.40 -- guess I didn't scroll up far enough on the ol' iPhone and only saw the alerts about (FXY) and (FXE) that day. And how happy am I that this happened, keeping me in the (GLD)
May 22, 2012 - Quote of the Day
In 1933, a supporter told Franklin Delano Roosevelt that if the New Deal succeeded, he would be remembered as the greatest president in history. He replied, ?If I fail, I will be remembered as the last US president.?
I Told You to Buy Mongolia!
The global resource frenzy has grown so heated that money has begun pouring into the marginal fringes of the universe. The Mongolian stock market has been one of the world?s best performers over the last three years, posting two back to back 100% gains. I have been pounding the table on Mongolia for over three
Wal-Mart Is on Safari for Customers in South Africa
It looks like the next ?blue light special? will be offered in South Africa (EZA), (AFK) Apparently, the retail giant, Wal-Mart (WMT), got the memo that the country is a great place to invest (click here for ?On Safari for Trades in South Africa?). It?s $4.3billion bid for retailer Massmart is a huge vote of
Dr. Paul Ehrlich on the Population Bomb
Pack your portfolios with agricultural plays like Potash (POT), Mosaic (MOS), and Agrium (AGU) if Dr. Paul Ehrlich is just partially right about the impending collapse in the world?s food supply. You might even throw in long positions in wheat (WEAT), corn (CORN), soybeans (SOYB), and rice. The never dull, and often controversial Stanford biology