Other than one very strangely angry comment on my blog yesterday (from someone who I would guess was a Netflix long and in a lot of pain and taking it out on me because I wrote about Netflix) I continue to get a lot of great feedback and click thrus on these “must-read articles” every day. So here are five more must-reads for today along with some quick commentary from me on each.
Home Forecast Calls for Pain – I recently bought some incredibly beautiful ranch land in New Mexico for 70% off where it was listed in 2007. And even though I used to mock Ben Bernanke and others who used to say that all real estate was local and that since we’d never had a national real estate down turn that there’s no way we ever would…well, I do think real estate is again mostly local. Buy smart and/or buy something you plan to own forever and don’t worry about what the “economists, builders and mortgage analysts” think will or won’t happen.
Former Fox Business Anchor Rebecca Diamond joins WallStreetAllStars.com – My dear friend and ex-co-anchor from our old long-time #1-on-the-network-rated NWS Fox Business’ Happy Hour show is back in action. Good luck, Gogo!
Bill Black: Why do Banking Regulators bother to Conduct Faux Stress Tests? – I’ve interviewed Bill Black many times over the years and it’s remarkable to me how he is kept marginalized by the powers-that-be in the government just twenty years after he helped clean up the S&L in a constitutionally-acceptable manner. And as he and the comments to his article allude — the banks remain insolvent. I’ve just added a new short to the Revolution Investing model portfolio in the sector in addition to the existing very, very profitable shorts in Lender Processing Services LPS and Wells Fargo WFC we’ve already had in the sector.
From Apple to Vudu: 8 Netflix Alternatives Compared – Wired answering the question that seemingly every Netflix NFLX customer is asking himself/herself: “What alternatives to this Netflix and its dwindling library are there?” And would you be shocked if I spoil the article for you and just tell you that Amazon AMZN and Apple AAPL offerings top the list? Two incredible companies and success stories that have played out in front of our eyes. I’ve got both Apple calls and common that I’ve added to during August’s crashes and back before the last quarter’s earnings report. And I owned in my hedge fund Apple from the very bottom at $7 to $160 (sold it to become a TV anchor). I still think it’s a must-own. Amazon’s great too, though I don’t own it and kick myself for missing much of its move over the last decade.
Red Alert on the Red Metal? – Very interesting analysis about copper looking toppy (coppertop? Too obvious, sorry.) from the always very interesting Bruce Krasting. I continue to wait to get short the GLD ETF and SLV ETF in size and Bruce has me looking at a basket that include copper ETF, the JJC, too now. Even though he explicitly says he’s not recommending a short in copper. Read the article, it’ll make you think.
And finally don’t forget to meet me in our chat room (TradingWithCody.com/chat) at 2pm EST today for another “Stocks-only chat” where you can can ask me about any stocks you want and I’ll give a full fundamental and trading analysis on each in real-time.