Marc Faber is a well known investor. To the best of my knowledge, he is the only one who has bee consistently correct in foreseeing every major turn in every major economy in the world. His timing is also very good. He spoke to Reuters on Sept 22. Watch the video here, or if doesn’t […]
In the news roundup segment of my Sept 16th show I made a mention of Ron Suskind’s book on Obama’s Presidency. This may be the first book of real substance about the inner workings of Obama Presidency. It sort of confirms my own instincts, which I commented here or on my show from time to […]
Netflix now trading at 139 (premarket) dropped another 20 points from when I exited my tiny bearish bet last Thu. Yesterday the CEO issued a mea culpa letter to the customers and announced that they will spin off their DVD business as “Quickster!” I messed up. I owe everyone an explanation. It is clear from […]
If you think that pic of Netflix pitchman Jason Alexander is funny, you have to know the jokes that were in circulation about AOL disks arriving mail. One example: 101 uses for all the unsolicited AOL trial disks you received. As I mentioned a couple of months ago on my TORi show, Netflix will implode […]
I haven’t had much chance to post something about the market action last week. To say the least, even in the face of extremely bearish news, at the outset it looks bizarre to see markets gain for each of the five trading days last week. Two things that explain this: a) triple witching options expiry; […]
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Do you listen to Bozo Cramer on CNBS’ Mad Money show? Long before he became a TV “star,” he and I used to exchange messages and jabs on the Silicon Investor website. Back in early 1999 I said to him, (paraphrased) “For a long time after the tech bubble deflates, cheerleaders you who pump worthless […]
1:45 PM Update: News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels – which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it […]
For decades, US consumers’ rampant borrow and spend habits have propelled the economic engine in US. I wrote earlier in July that a major slowdown in consumer spending has been the real reason for economic weakness in the so called “Great Recession.” Zero Hedge just put out a simple chart that explains current weakness succinctly. […]
This is a good read. Via CNN. For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion. Extrapolating over the coming decade, the […]
Not just Amazon, DISH is going to start competing with Netflix. DISH also bidding for HULU. Netflix, the stock, is a toast. (Via Bloomberg) Dish Network Corp. (DISH), the second largest U.S. satellite-TV provider, will introduce a Blockbuster streaming-movie service to compete with Netflix Inc. (NFLX) next month, according to a person with direct knowledge […]
Remember this colorful exchange between Senator Carl Levin (D-MI) and Dan Starks of Goldman Sachs, who described in an internal e-mail that the securities Goldman sold was (on Timberwolf) is “one shitty deal?” Watch this video on YouTube ————- Watch this video on YouTube Well now, chickens are coming home to roost and Goldman could […]
The month of August accounted for zero job growth in the USA.(HuffPo) The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1 percent, the Bureau of Labor Statistics reported on Friday, the most concrete sign yet that the recovery has stalled out and a double-dip recession may well […]
I often get asked about where to invest savings. I express opinions on markets, but I don’t dish out investment advice. i.e. I won’t tell you what to do with your money. I can point to some information that I believe is credible – like this gentleman’s advice on what to do with your money. […]
“Never believe in anything until it has been officially denied” – unknown. After days of denying speculation that Bank of America needs more capital, Bank of America did the expected – it raised capital. No ala carte. They went straight to Buffet and gave him a sweet deal. Uncle Buffet knows that sooner or later […]
Most retail investors are out of stock market in the US. 50-60% of the daily volume is now accounted for by High Frequency Trading (HFT). Many have said this before – the next major crash will be brought to us by the HFT firms.
