Investing and Trading News, with a Contrarian, Sarcastic Twist!
Barron’s Midyear Roundtable continued with a bearish duel “heating up”, as Marc Faber weighed in with an outlook that didn’t see a lot positive in the short term, nor long term. (Also see Felix Zulauf’s gloomy outlook here). Faber sees no sustainable resolution in Europe, and cites the West’s problem again as too much government […]
While gold may be a barbaric relic to the Oracle of Omaha, tungsten is apparently a shrewd buy. Resource Investor reports: IMC International Metalworking, part of Buffett’s Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) empire, recently invested $80 million in a tungsten mining project in South Korea. The deal gives Buffett a 25% stake in what used […]
In early March, my wife and I spent eight days vacationing in Sydney – it’s a fantastic place, but that’s also priced in. Everything is very, very expensive (as in London expensive…Sydney leaves New York in the dust price-wise!) While it’s always fun to travel internationally, these days it takes on a new level of […]
By Chuck Butler, EverBank Good day, and welcome to another wonderful Wednesday. As Chuck mentioned yesterday, the call to the bullpen has been made, so Chris and I will split shifts over the next couple of days. When I got home last night, I sat on my back porch to collect some thoughts and not only […]
Felix Zulauf – one-half of the nucleus of the Barron’s Roundtable – was tracked down for his mid-year take. He believes European markets are cheap – but not necessarily good buys… Adjusted for inflation, Italy trades at levels last seen in Mussolini’s era. Greece trades at 1.5 times the Shiller P/E ratio [the market’s current […]
David Rosenberg says his shift to perma-bull status may come as soon as November if broader despair continues and a few outstanding messes get cleaned up: For the record, I do see a light at the end of the dark tunnel. Don’t be surprised if I end up turning bullish ahead of the pack — though […]
Currencies: Markets Shift Focus Back to Greece By Chuck Butler, EverBank Good day. A crazy day in the markets yesterday, but a very peaceful evening for me. With everyone gone, I treated myself to eating out and had a steak dinner. I reduced my intake of red meat after the cancer discovery five years ago, so […]
A BIG supply hit is on the way for platinum, as the world’s fourth-largest platinum miner announces it will suspend operations in South Africa: Aquarius Platinum said it would suspend operations at its Marikana operations in South Africa, citing low platinum prices, and said trading conditions in the industry were expected to remain difficult in […]
No surprise here, Jim Rogers is not a big fan of Europe’s largest bailout to date. Today he was a guest on CNBC’s Fast Money – here are the links and videos themselves: On the Spain bailout: “The solution to too much debt is not more debt!” Also, he notes he’s not buying Chinese shares at […]
Here’s the latest on Jim Chanos’ favorite short sell ideas, courtesy of Chris Mayer, reporting on Chanos’ presentation from Grant’s Investment Conference. Pay attention here, as Chanos has been on the money of late with a very prescient call on Dell’s swoon. (See also: Jim Chanos Says Short Dell, China) Three Investment Ideas to Avoid…or […]
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