There’s a lot of cross currents, emotions, and macroeconomic forces intermingling right now. And that’s got the markets and most everybody running money losing confidence. And panicking. And running for the hills. I’ve been saying since this sell off really started getting vicious last week that trying to catch a perfect bottom is the […]
The markets appear to be trying to attempt to sort of stabilize a little bit…
The markets appear to be trying to attempt to sort of stabilize a little bit…. kind of…. maybe. I’m serious. It’s just squishy and panicky out there. We need to let the psychology play itself out. The S&P downgrade, while in some sense, meaningless to everybody is nonetheless the first time the U.S. has had […]
On that S&P downgrade of the US debt…
Letting The Days Go By/Let The Water Hold Me Down Letting The Days Go By/Water Flowing Underground Into The Blue Again/After The Money’s Gone Once In A Lifetime/Water Flowing Underground. Same As It Ever Was…Same As It Ever Was… – Talking Heads S&P downgrades US debt. I’ll just start by saying I’m so thankful I […]
An absolutely huge intraday swing to the upside hits now…
An absolutely huge intraday swing to the upside hits now. And that’s why we don’t panic at the lows. I did sell some WFC puts and I bought some Apple and Visteon at the lows of the day. The portfolio is now up huge on the day too. I’m going to let it play […]
Just a nibble, just a scale in to your best stocks…
It’s slippery out there. And the path of least resistance seems to be down for now. Take a look at how the markets just keep fading lower intraday today (again): That is tough to fight guys. Stay in the game, don’t panic. But don’t fight this too hard. Just a nibble, just a scale in […]
One of the most important (because it’s actually true!) sayings on Wall Street is…
Power down the computer. Shut down the Bloomberg terminal. Turn off the TV. And go take a walk. You won’t see a 5% intraday sell off in the Nasdaq very often, and if you’re shaken up after today’s sell off, there’s a darn good reason for it. On the other hand, hopefully, you had some […]
Moving on from the gold short for now…
Investing well is as much about selling as it is buying. Sometimes you have to take profits. Sometimes you have to stop yourself out on a losing position despite your high conviction level.Investing well is as much about selling as it is buying. Sometimes you have to take profits. Sometimes you have to stop yourself […]
Don’t forget that you can meet me today at 2pm EST to chat with me on here…
Good hump day morning to you. Or not. Those markets are taking it hard on the chin this morning and many of our stocks are lower too. As much cash as we’ve raised in the last few days when the markets were at their highs, we’ve got some flexibility to navigate this sell off. Reasons […]
Some perspective on the US debt ceiling and how it impacts our trading…
You guys panicked about the US debt impasse yet? Sigh. Let’s break down some relative numbers and see just how worried we should be about what the papers and TV are sure is the Most Important Economic Story of the Year. Remember the original TARP bill? It was for less than $700 billion or so. […]
Now’s the time to sell stocks because of the Greek crisis…
Oh, man, it’s all about Greece…oh wait. No, it’s not. Nobody anywhere is talking about Greek debt today and how it’s supposedly going to create contagion and collapse. You remember how palpable that “Greek debt is going to destroy the world’s economies” fear was a few weeks ago? To be sure, it’s not that we […]
It would be great if he would comment today on his calls position in GOOG…
Google’s earnings report is tonight. Here’s an email I got this morning from a subscriber: I know Cody cannot provide advice, but it would be great if he would comment today on his calls position in GOOG and if he’s holding through earnings tonight. Thx, great service. LP — The short answer is yes, of […]
In the short-term here…
Well, the good news is that I did what I said I wanted to do and built up the SLV and XLF shorts a bit more in the morning rallies before the markets started crashing. The bad news is I sure feel stupid for having written “I’d guess that the path of least resistance is […]
And then we will continue to scale into those favorite…
I’ve explained in detail the supposed US budget impasse won’t matter to your portfolio in the long run. I’ve compared the trillions in ongoing explicit corporate welfare and homeowner subsidizations to the tens or hundreds of billions that the Republicans and Democrats want to cut from social services for all citizens and shown you guys […]
Remember the Great Greek Economic Crisis — of May 2010?…
Here’s some thing I came across last night doing some research for a piece I’m writing. Take a look at the date….did you remember that Greece had huge social uprisings and budget crises and austerity measures going thru….back LAST May? As in May 2010! Read the column, read my analysis and conclusions and you’ll see […]
You had to pick your timing to catch the gain…
Let’s talk more about the importance of contrarianism in our trading and how it applies to the markets vs. the economy in our analysis and approach. Whether looking at the impact of unprecedented monetary easing and ongoing 0% Fed loans, or at the record-levels of corporate cash, both of which will continue funding buybacks, or […]
Here’s the write up on three of our telecom equipment longs from the newly rewritten…
Here’s the write up on three of our telecom equipment longs from the newly rewritten, “50 Stocks for the App Revolution” report that you guys get full access to for free at the link at the bottom of this post. == RVBD – Riverbed Technology, Inc. Summary Riverbed’s technology helps to improve the performance of […]
Let’s do this…
Futures are mixed, there’s some M&A action (biggest one being BLUD being taken private at a 30% premium), and yet more headlines and worry over Greece’s bailout (the panicky headlines will continue until the first deposit is made from the EU to the country) and the supposed budget impasse in the US (the market will […]
I am going to sell some of the common stock in that one right now…
The Nasdaq is now up almost 150 this week. Yes, it turns out that Greece’s budget crisis hitting just when QE2 is ending and there’s supposedly a huge budget impasse in this US even as Japan’s nuclear nightmares continue and…well, you know well what everybody wanted you panicking and selling out your stocks back last […]
I don’t care one iota about the existence of the Euro…
I just snuck out of a bunch of fascinating meetings with the Dow Jones folks to address the markets and the latest “the Euro still exists!” relief rally. I’ve been saying for weeks that we should ignore Greece because it doesn’t matter and that any and all Greece-related selling was a great buying opportunity. I […]
50 Stocks for the App Revolution – Updated June 2011
PDF version: 50StocksfortheAppRevolutionJune2011 Introduction Since I first published 50 Stocks for the App Revolution back in November 2010, the stocks in the report have more than doubled the mid-single digit returns of the broader markets. And why not? I mean, think about what is happening to the technology, content, phone, television, news, magazine, and even the […]