Investing and Trading News, with a Contrarian, Sarcastic Twist!
Have to love that volatility when you’re slinging covered calls on blue chippers! The market has now decided that Microsoft’s outlook is not fatal, at least for the time being. We initially bought MSFT at 29.76 on Oct 5th, selling one covered call simultaneously, and another one into the ensuing crash. This reduced our cost […]
With a Game 7 NLCS game and Monday Night Football on tap, I caught roughly 8 aggregate seconds of last night’s debate (total transit time flipping between games on my hotel room TV). But thanks to the magic of Intrade – and the degenerates around the world who place real money on the US election […]
Fantastic line from Marc Faber in his latest CNBC interview: “If Greece can rebound by 65%, the greatest garbage can rebound by 65%.” He cited Thailand’s 250%+ rally off lows, and Greece’s recent rally of 65%, as reasons that beaten down stocks in China and Japan could also rally. Despite what he concedes as deteriorating […]
The Atlanta Fed issued a chart illustrating where the “big money” is laying down cash for US homes – namely the areas that were hit the hardest by the bust (Arizona, California, Nevada, Atlanta). I know there are hedge funds buying up tracts of homes here in Sacramento, as I have a friend who was […]
Lacy Hunt: “No Increase in Standard of Living Since 1997” There’s a belief among certain economists – and the wider population – that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it’s a false […]
The tech contrarian in me wants to believe that the post-PC era is going to be less apocalyptic for stalwarts like Intel and Microsoft. Sure, Dell and HP are toast – but they’ve been dead in the water for some time. Intel, on the other hand, has a server-side business that is doing great. Even […]
Hong Kong Monetary Authority (HKMA) intervened yesterday against the recent rise of the HK dollar. The HK dollar is pegged at a ratio of 7.8 to the US dollar, but is allowed to trade in a range from 7.75 to 7.85. The top of the range was hit, and the HKMA stepped in to lay […]
Those GWRE calls gave us more than a bit of a scare in terms of getting our shares called away, as Guidewire reported blockbuster earnings and the stock spiked last month. Since then, shares have eased back below the 30 mark, giving us a textbook example of why selling covered calls against shares you want […]
We haven’t heard the “D” word tossed around in a little while! What a welcome Saturday morning change up, as market technician Frank Barbera explained to Jim Puplava that the markets could be facing a deflationary headwind in the near term. Barbera cited the diminishing effects of each QE event (a point also made by […]
The world’s greatest living money printer, Zimbabwe’s Gideon Gono, recently commented on the parallels between the Fed’s continued quantitative easing programs and the policy he has pursued while pancaking the Zim dollar over the last decade. From Mises: These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently […]
Recent Comments