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…
McDonald’s beats the Street
Now that’s the kind of quarter investors own McDonald’s (MCD) for.
Earnings for the third quarter, reported before the market open on Oct. 22, climbed to $1.15 a share from $1.05 in the third quarter of 2008. That was above Wall Street expectations…
Private equity unloading investments
Be careful about private equity firms selling chunks of companies they control to the public, writes Daniel Gross in Slate. They may be looking for a way out.Gross analyzes this week’s RailAmerica (RA) initial public offering, which raised about $300 m…
The New Market Wizards Conversations with Americas Top Traders
The New Market Wizards Conversations with Americas Top Traders
In this sequel to the bestselling Market Wizards, [...]
The Eternal Depression
Yesterday was another exciting day on Wall Street. The Dow rose 131 points…and gold shot up $25 to a new record, $1043.
Investors must be pondering the future.
What will the future look like? No one knows. But investors thought they saw things they liked.
For one thing, there was the Federal Reserve governor from New York, who told the world that there was no risk of a rate hike anytime soon. Bill Dudley knows which way the wind is blowing. He said the Fed would hold money policy loose “indefinitely.”
Indefinitely is otherwise known as “as long as it takes.”
But as long as it takes for what? Ah…as long as it takes until the economy appears strong again.
How long will that be? Ah…maybe…
Sirius XM management sells stock
There are two ways to look at management’s sales of millions of shares in Sirius XM (SIRI). One is that the executives saved the company from an almost certain bankruptcy and deserve a payday for that. The other is that the people running Sirius beli…
Prudent Speculator
Prudent Speculator
For over 30 years, our time-tested, value-based investing approach has provided our readers with actionable investment [...]
Are You One of “Them”, Too? Options Focused Post
I’ve had the pleasure of meeting and enjoying a beer with Ron Ianieri from OptionUniversity.com. For those of you who’ve had the opportunity of learning options from him, you know what I mean when I say he’s awesome! He’s experience, poised, and his knowledge from REAL LIFE trading is outstanding.
Well Ron (the linebacker looking [...]
Kiplingers Personal Finance magazine
Kiplingers Personal Finance magazine
KIPLINGER’S PERSONAL FINANCE MAGAZINE provides affluent readers with the information they need to make [...]
Saturday Success Story – Bryan, California
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.
Here’s great news from a member…
“I want to say thank you to Adam Hewison and MarketClub [...]
The Bear Market is Not Over
Yesterday might turn out to be an important day. The market should have bounced. It didn’t. Instead, it fell 29 points. It’s September, too…a dangerous month. And this rally has already run longer than the rally following the ’29 crash.
Mr. Market can do what he wants, of course. We’re just trying to read his mind. If we were Mr. Market, what would we do? We’d give investors a fright!
Two things make us think the bear market is not over.
First, there is market history. Bear markets do not end with stocks still trading at nearly 20 times earnings and the dividend yield barely at 3%. And they don’t end when people are hoping, praying and expecting them to end. They end in…
September, the worst month for stocks
By Vitaliy N. Katsenelson
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. – Mark Twain
Sept. 1 i…
Learning from our Winners, what I learned from a 10 bagger
Since I’m sure you’re just as tired as I am with blogs about how I “called” Sirius (SIRI) at $0.05, and since I’m equally sure that you don’t want to hear someone bragging about how great of an investor they are, (especially if your portfolio …