This is an open thread to discuss the question I (and others) continually receive many queries about. What does your portfolio look like? What is the long-term strategy? What are you diversifying into? What are you shorting? What are you bullish about? What economic analysis tools or...
I can recall reading this article by Michael Lewis when it first appeared, but it holds up 6 years later. It is his detailed out of how a 15-year old made the big bucks on Wall Street through day trading -- until the SEC cracked down for...
The Chinese stock markets have been closed for several days to celebrate the new year--the year of the Rat. One wonders what the Chinese market will do when they reopen. During the last three days the less volatile Japanese stock market lost 6% while the Dow lost 3%. Of course the Chinese...
The insufferable Henry Blodget, the disgraced securities analyst who is barred from working in the securities industry (he met up with Eliot Spitzer), is back to his usual chatter....
Although most commentators concede that the free market does a decent job providing regular goods and services day in and day out, for some reason they believe that when it comes to unlikely but catastrophic events, government intervention is necessary. An excellent example of this misguided...
Markets are ruthlessly efficient, meaning in large part that people will not undertake investment projects with risk characteristics that are not aligned with savers' preferences. All profitable opportunities...
As late as 1999, oil was trading at $10 per barrel and gold at $250 per ounce, down from their nominal peaks in 1980 of $39 and $850 respectively. And that's not even adjusted for the fact that the value of a dollar was a lot lower in 1999 than in 1980. Many pundits at the time argued that...
Today it was announced that the Securities and Exchange Commission (SEC) had a material weakness in the internal controls over its financial reporting. The SEC avoided a big fat "E" last year via its...
Peter Eavis has an interesting piece on Fannie Mae and the way it changed how it discloses its bad loans. Fannie's loss ratio appears to be escalating while Fannie's management is...
Markets are ruthlessly efficient, meaning in large part that people will not undertake investment projects with risk characteristics that are not aligned with savers' preferences. All profitable opportunities...
