Trump solves all our woes
Baltimore — (TFN): Another drop in the dollar and another big day for the equities markets. And yes, gold is on the rise as well, precariously perched at the psychologically pertinent $1,200 an ounce mark.
Enough alliteration. Let’s talk business.
While I will never complain about a day that sends almost every position in our portfolio into the green, there are way too many red flags in the air for me to celebrate today.
Sure, the TFN Strategic Trader portfolio currently boasts six plays worth double-digit gains (47%, 44%, 50%, 10%, 29%… and 200%), but it’s a contrarian mix if I’ve ever seen one.
In other words, if our current portfolio is on fire (and it is), something is not right with the nation’s economy.
As…
Time to dump gold?
Gold gained yet another powerful ally yesterday — hedge fund icon Paul Tudor Jones. The man who famously called Black Monday in 1987 and the Nikkei crash a few years later now thinks “gold appears to be cheap.” In a note to his investors, Tudor said, “I have never been a gold bug. It is just an asset that, like everything else in life, has its time and place. And now is that time… gold’s value should increase as its scarcity relative to printed currencies increases.”
So gold is now publicly loved by armchair investors, famous hedge fund managers and central banks… even as we write, Erin Burnett is “squawking” about it on CNBC. Are your contrarian senses tingling yet?
“So many…
Welcome to Notes Version 2.0
Baltimore (TFN): Welcome to Notes version 2.0. As Will moves on to his next successful endeavor at the family office, I could not be more pleased and nervous to be at the helm. After all, he set the bar high.
What a time to be part of such a popular, well-regarded newsletter. From what I’ve heard and read, Notes subscribers are some of the most-informed, thought-provoking readers anywhere. I sincerely look forward to opening a dialogue with all of you.
As you know, there has never been a more pivotal time in this country’s financial future than right now.
The dollar is weak.
The word “jobs” has become an atrocious four-letter symbol for economic despair.
The government owns Detroit, Wall…
Jim Cramers Stay Mad for Life Get Rich Stay Rich Make Your Kids Even Richer
Jim Cramers Stay Mad for Life Get Rich Stay Rich Make Your Kids Even Richer
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How to Make Money in Stocks A Winning System in Good Times and Bad Fourth Edition
How to Make Money in Stocks A Winning System in Good Times and Bad Fourth Edition
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What economic recovery?
By InvestorPlace’s Michael Shulman.You hear it all around you. The economic recovery this, the economic recovery that. Only problem is we’re not in an economic recovery.In fact, we are not at the end of this recession, we are in the middle of it. This …
Moore and Ratigan talk big bonuses
Filmmaker Michael Moore and MSNBC host Dylan Ratigan went on the Today Show Thursday to talk about the obscene bonuses on Wall Street this year — and they actually agreed.It’s not the bonuses themselves that are evil. It’s more that the financial syst…
Soros, Icahn, and Stiglitz on what’s next
The investment world is filled with new theories and new ideas about how best to make money. But over the years, I’ve found that the best way to produce solid, market-beating returns is to take advantage of the wisdom of history’s best investors. That’…
New heir at the house of Morgan
This morning I saw an interesting interview with Alan “Ace” Greenberg, former chief executive of Bear Stearns, on CNBC. Asked to comment on the views of JP Morgan (JPM) Chief Jamie Dimon, Greenberg demurred and backed the banking genius 100%.“Wha…
Gurus have eyes on stocks — and the next bubble
My investment philosophy is rooted in the idea that beating the market is less about reinventing the wheel and more about listening to the right people. That’s how I came to develop my Guru Strategy computer models, and it’s why I take a look every Fri…
Wall Street Back to Business as Obama’s Regulatory Overhaul Loses Momentum
It was more than a year ago – Sept. 14, 2008 – that Lehman Bros. Holding Co. (OTC: LEHMQ) finally collapsed under the weight of its own bad investments.
But since then, little progress has been made on financial regulatory reform, and many of the large investment banks that received billions of dollars in government bailouts are booking huge profits on the same risky wagers they were making before the financial crisis.
In fact, the five biggest banks in the country – Goldman Sachs Group Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Wells Fargo Corp. (NYSE: WFC), and Bank of America Corp. (NYSE: BAC) – posted second quarter profits totaling $13 billion.
That’s more than double what…
How to Turn Ordinary Profits into ‘Xcelerated’ Profits
Most of the time, we’re no fans of Wall Street analysts. They’re often behind-the curve, biased, and flat out wrong.
But sometimes, we make exceptions – especially when their over-zealous attitude causes a stock to blast higher and hand us triple-digit gains.
I remember one such occurrence in particular with a high-tech company that we own in our Xclerated Profits Report portfolio. Thanks to some giddy CNBC analysts pumping up the price, the stock surged from $6 to $20 and we took half our position off the table for a gain of more than 100%.
The small-cap stock has suffered along with the broader market, but there’s no doubt that its business is viable. It’s leading the way in the field of touch screen…
Five reasons to avoid gold rush
By Vitaliy Katsenelson
I was on BNN-TV, a Canadian version of CNBC, discussing my take on American Express –- a good company but not a good (fairly valued at the most) stock. (Click here to watch). Gold had just run through the $1,000 mar…