Investing and Trading News, with a Contrarian, Sarcastic Twist!
David Rosenberg writes in today’s Breakfast With Dave that Obama was channeling Herbert Hoover during the State of the Union! A long-standing colleague and reader sent this off to me yesterday and it blew me away. Read on: Obama’s State of the Union: “Two years after the worst recession most of us have ever known, the […]
First, we turn to Peter Schiff, who tells Yahoo Tech Ticker that he expects China will need to unpeg its currency in order to fight inflation. Raising rates alone won’t do it, he says, because they’ll still be importing too many of our quantitatively eased dollars. Source: Yahoo Finance – Tech Ticker, January 24, 2011. […]
Jim Rogers, a fervent agricultural bull since he launched the Rogers International Commodity Index in 1998, recently cited rice as his favorite grain. He told MoneyNews: “If rice goes down, I will buy more rice. Rice has a great future for the next few years.” When Jim casually name-drops a commodity—especially a grain—it’s usually advisable to […]
Buy and hold sure doesn’t get the respect it used to! Is it still a viable strategy today? Perhaps more importantly – does anyone even care? Guest contributor Sy Harding takes a look at the downtrend in holding periods for stocks – and talk about a bear market, this trend has been firmly entrenched for […]
Looking to diversify your US dollar holdings into some Chinese yuan/renminbi? Now you can – thanks to the Bank of China, which is allowing US customers to deposit up to $20,000 a year: It’s not as crazy as it sounds. As The Wall Street Journal’s Lingling Wei reported Wednesday , the Bank of China here in […]
You may remember that last September, we called out Intel’s management for whining about the company’s stagnant share price: When a CEO constantly bemoans the fact that his/her stock price is wildly undervalued by Wall Street – why don’t they just jack up the dividend, and/or buy back stock hand over fist? Intel’s Paul Otellini is […]
In October I had the great opportunity to get on the horn with Andy Kessler to discuss his latest book Grumby, his outlook for technology, and tips for picking winning tech trends. Well Andy’s written a new book, which means we’ll be able to get on the horn with him again! It’s called Eat People: […]
My article from Monday – in which we looked at the future prospects and rough valuations of our favorite (or at least most well known) technology companies has sure drawn a lot of attention – and anger too! I sent it over to Minyanville’s editor – who liked it a lot, and was kind enough […]
Most bullish commodity cases offer the seemingly irrefutable argument of “China” as a driver of higher prices in the weeks, months and years ahead. The logic is sound—demand for [Insert Commodity X here] is growing like gangbusters, and this trend will not only continue, but is likely to accelerate as China becomes a net importer […]
Richard Russell dismisses the chatter about a bubble in gold in his latest Dow Theory Letter. Here’s an excerpt, courtesy of our friends at The Daily Crux: Question: Russell, what do you make of all the talk about gold being in a bubble? Answer: I’ve seen a number of bubbles in my life, and they […]
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