Entries by DougD

January 10, 2012 - Quote of the Day

?I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,? said Austin Goolsby, former chairman of the Council of Economic Advisors.  

Those Q4 Earnings Reports Will Not Be So Pretty

Traders and investors have grown comfortable with a steady stream of corporate earnings reports. 2011 as a whole may come in as high as $15 a share for the S&P 500. But the gravy train may end starting next week. The number of companies reducing guidance and downshifting expectations is at a three year high.

The Euro Breaks Down

(Note to Newsletter only subscribers: This trade alert went out to paying customers of my Trade Alert Service last Thursday morning.) I am going to start the New Year with a 25% allocation to the double leveraged short ETF (EUO). It?s time to do the hard trade, sell on weakness, and sell the breakdown. The

January 9, 2012 - Quote of the Day

?China is not going to have a hard or soft landing. It is going to keep on flying. There is a tremendous amount of momentum in the Chinese economy. There?s a lot to be done in terms of infrastructure. At the low end there is a lot to be done in housing. And it now

The Heat Turns Up On JP Morgan

Anne Barnhardt was the CEO of a money manager who was forced to shut down her firm in the wake of the MF Global collapse. She is calling for a boycott of the financial markets and JP Morgan (JPM) specifically. To listen to her blistering attack in full in an interview with by Buddy, Peter

The Mystery of the Brasher Doubloon

I?ll never forgot when my friend, Don Kagin, one of the world?s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.? I enquired ?How is that, pray tell?? He told me that he was an investor and technical consultant to a venture hoping to

My 2011 Report Card

If there was ever a year when you wanted a former combat pilot with a current aerobatic license giving you financial advice, it was the one we just completed. After enough loops, spins, barrel rolls, and whip stalls to induce air sickness in the most seasoned of veterans, the major indexes ended almost exactly where

All I Want To Do is Retire

I have always believed that if you don?t have a sense of humor, then you better get the hell out of this business. Below is a link to a YouTube video entitled ?All I Want To Do is Retire? which covers the decline of the brokerage industry over the last 20 years. The video is

January 5, 2012 - Quote of the Day

?The days of leading companies or countries via a one-way conversation are over. The old system of ?command and control? ? using carrots and sticks --to exert power over people is fast being replaced by ?connect and collaborate?,? said author Dov Siedman.

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