Barron’s article on gold

I like the contrarian approach of Barron’s and this is a nice article for gold bugs who are feeling long on self-pity and short on their ... in gold and the bear market in paper,” John Hathaway, portfolio manager of Tocqueville Asset Management, wrote recently. “It is more likely that this massive shakeout has set the stage for a dynamic [more...]

Date: 2008-11-01 08:52:38

Blog posts (110) | Videos (38)
 

Media-Whore D'Oeuvres "The Hollywood hunk, who has umpteen best looking man in the world titles to his name, ... of Massachusetts and Bear Stearns Asset Management Inc [more...]

Date: 2009-01-14 21:23:19

When investments become trades

This resonated with me, and I thought it was worth reprinting in it’s entirety, ... investment officer at Al Frank Asset Management, who owns shares of Dryships. “Our objective is to double ... Steven Wolf, managing director of investments at Source Capital Group. But bear markets, particularly [more...]

Date: 2009-01-12 13:33:46

More Lessons From The 2008 Financial Markets

Larry Swedroe, principal of an asset management company and investment book author, ... that covered a variety of topics from active management to Madoff to your “Plan B”. Here ... . ... If their money managers could protect you, why did firms like Lehman Brothers and Bear Stearns go belly [more...]

Date: 2009-01-06 07:46:53

Dow Plummets Again

Via Bloomberg: U.S. stocks slid and the Standard & ... of the asset management unit of Huntington Bancshares Inc. in Columbus, Ohio. ``The economy ... reached during the bear market in 2002. The Dow Jones Industrial Average sank 443.8 points, or 5.6 [more...]

Date: 2008-11-20 21:01:32

Four at Four: The Tide Is Turning

If this was a test, the stock market flubbed it ... investment officer of O’Shaughnessy Asset Management, said at the conference that this should be the point ... strategist at Meridian Equity Partners. Meanwhile, uber-bear Bill Fleckenstein announced the closure [more...]

Date: 2008-12-09 12:43:00

Markets Get an 'F' in P/E

by The Mogambo Guru "The Next Big Storm to Hit the Markets" is the headline for an essay by John Robson & Andrew Selsby of Full Circle Asset Management ... ?") that it is still near where, historically, the market soon started down in a huge bear market [more...]

Date: 2008-12-15 21:47:54

Setting the Bull Trap

This post is a guest contribution by Bennet Sedacca*, President of Atlantic Advisors Asset Management ... to believe that was a low point, but not THE low point for this bear market. We were large buyers [more...]

Date: 2009-01-07 23:33:42

Setting the bull trap

This post is a guest contribution by Bennet Sedacca*, President of Atlantic Advisors Asset Management ... to believe that was a low point, but not THE low point for this bear market. We were large buyers [more...]

Date: 2009-01-06 07:01:59

SEC's Report On Mark-To-Market Under EESA Says FAS 157 Not A Major Factor In Financial Crisis Or Bank Failures

Section 133 of the EESA required the SEC to study mark-to-market accounting under FAS 157, and, in particular, ... financial institutions, including specifically Bear Stearns, Lehman and AIG.  The Staff concluded that liquidity pressures brought on by poor risk management and "concerns about asset quality" were [more...]

Date: 2009-01-13 05:54:01

Comparing Bear Markets, What’s Behind the Sell-Off, The 13 Stocks Not in the Red, Auto Bailout On Vacation, and More!

by Addison Wiggin & Ian Mathias S&P 500 sinks to 11-year low… Chris Mayer explains massive forced selling on Wall Street Probably a ... Cohen, went from $14.4 billion to $7.7 billion Vinik Asset Management, lead by Jeffrey Vinik [more...]

Date: 2008-11-21 17:51:45

Obama Administration: Senate Charges of "Mumbo Jumbo"

Senator Bill Nelson (D-FL) is quoted in The Hill as saying Obama's incoming OMB (Office of Management and Budget) ... spend the second half of the $700 billion financial rescue package, known as the Troubled Asset ... of the charge. I'm thinking that Bush will continue to bear the brunt of our country's abuse [more...]

Date: 2009-01-13 19:01:00

The Right Way to Icahn-Proof Your Board

As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled “How to ... to demand answers from management they are charged with overseeing. Such a board should be capable ... job of maximizing asset values and not feathering their own nests, and soaking up huge bonuses [more...]

Date: 2009-01-07 18:41:38

Market Vertigo

I get a lot of newsletters from money managers around the country, which I try and read as they are written by people who are “in the trenches,” actually making decisions on behalf of their clients. It broadens my perspective. Frankly, most are not all that well written and unimaginative, but who ever said writing was easy? [more...]

Date: 2009-01-08 15:33:22

Could the Satyam/PwC fraud be the visible part of an iceberg? Where are India’s “Generally Accepted Accounting Principles”? Isn’t governance rather poor all over corporate India? Bad public finance may be a root cause

  In a March 5 2007 article in The Statesman, I said: “Our farmers are peaceful hardworking people who should be paying taxes and user-fees normally but should not be otherwise disturbed or needlessly provoked by outsiders. It is the businessmen wishing to attack our farm populations who need to look hard in the mirror – to improve their [more...]

Date: 2009-01-08 07:40:36

The Right Way to Icahn-Proof Your Board

As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled " ... and courage to demand answers from management they are charged with overseeing. Such a board should ... on their primary job of maximizing asset values and not feathering their own nests, and soaking up huge [more...]

Date: 2009-01-07 18:26:36

“Swap” Inventor Blames Regulators for Financial Crisis

David Swensen, of Yale University Endowment investment management fame discusses the current state of the market and derivatives trading ... to the financial system should be regulated. “I don’t think it is the tool that is the problem,” he says ... value is derived from an underlying asset or income stream. As a part of this trend, musician David [more...]

Date: 2009-01-05 22:12:51

More bad advice from supposed market experts

I trust all who are reading this had an enjoyable holiday season. Unfortunately, now it is back to the real world and for the most part, the economic picture remains ugly. In fact, early this week minutes from the December meeting of the Federal Open Market Committee of the Federal Reserve revealed that an economic recovery is not likely until [more...]

Date: 2009-01-08 22:04:13

written about my Bernie Madoff panel-moderating experience, but now that other people are posting an abridged YouTube video of the event (with contributions from Madoff and his employee Josh Stampfli, plus a few of my questions), I figure I'd better do the same: A friend suggests that I "might get some branding from this." Any suggestions? ( [more...]

Date: 2008-12-16 00:14:28

Get Out Now!

Get Out Now! By Andrew Bary, Barron's | 9 January 2009The bubble in Treasuries looks ready to pop, sending prices on government debt sharply lower ... , very expensive,"Mohamed El-Erian, chief investment officer of Pacific Investment Management Co ... may involve one of the safest asset classes: U.S. Treasuries. Yields have plunged [more...]

Date: 2009-01-08 16:52:00

Bankruptcy Rules Thwart the Recovery

As seen in the Wall Street Journal The epic financial crisis afflicting the banking industry over the past 18 months is largely the result of cratering loan and other asset values stuck on bank balance sheets. When the market for such loans ... mainly benefits equity holders and managements, not creditors. But why should the same management [more...]

Date: 2009-01-08 02:30:21

THE FINTAG NEWSLETTER @ 14 January 2009

FINTAG COMMENT Junk. Interest rates are nearly zero; equities, real estate, ... asset with a high probability that you will lose your capital is an ideal strategy if there is a good ... of distressed debt funds is being driven by asset allocators who have lost a lot and want to make a quick buck [more...]

Date: 2009-01-14 11:53:57

Satyam scandal threatens future foreign investment

BANGALORE - The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, ... in India,” said R.K. Gupta, managing director at Taurus Asset Management in New Delhi. Raju, who founded ... , a management graduate from Ohio University, said in his letter, adding he was prepared to face [more...]

Date: 2009-01-11 22:45:48

Nine Surprises For 2009

In the spirit of Byron Wien, who every year releases a list of surprises to expect during the coming year, I submit my own surprises for 2009:1 ... out for months during the Energy Bear market, Matt Simmons is finally located in Carthage, Illinois and beaten ... by the mob.7. Hedge Funds admit that Hedge Funds are not a separate asset class. “We just go [more...]

Date: 2009-01-12 20:18:00

Bernie Madoff: Scammer and Ponzi Schemer!

Gawd! After reading more about this Bernie Madoff creep low class ass human and his stupid little classless act Ponzi scheme. I might just wanna roll over and die. Pity those who make the decision to invest with him. GREED it seems has a huge fucking influence on everyday little people. It makes you go wild flushes with adrenaline [more...]

Date: 2009-01-09 00:38:00

Satyam Fraud: India’s Enron - The Fact’s

News courtesy-morungexpress.com BANGALORE : The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, ... said R.K. Gupta, managing director at Taurus Asset Management in New Delhi. Raju, who founded ... to get off without being eaten,” Raju, a management graduate from Ohio University, said in his letter [more...]

Date: 2009-01-08 19:02:46

As The Politicians Battle It Out Ukraine’s Economy Tunnels South In Search Of Australia

“In Ukraine, the evidence is still that policymakers do not quite understand the seriousness of the challenges they face,”. Timothy Ash, analyst at the Royal Bank of Scotland. “There is a burgeoning economic crisis in the European periphery,” Krugman said on the ABC network Dec. 14. “The money has dried up [more...]

Date: 2008-12-25 16:06:18

New Year Scams 3

My Greeting To Me, I am Mr. Peter Phillip a Bank Manager here in Uk. I write you this proposal in good faith, believing that you will not betray me. I believe it is the will of God for us to meet through this means. One Mr. Pedro Brito Rodriguez a US citizen and businessman made a (Fixed deposit) [more...]

Date: 2009-01-12 08:13:15

Quelle Surprise! Banks Increase "Mark to Make-Believe" Assets to $610 Billion

Banks are, if nothing else, entirely predictable. If there is a way to game the system, they will avail themselves of it ... , which required financial firms to identify how they arrived at the "fair value" for their assets. Level ... firms have playes fast and loose with this rule: 1. In the first quarter of 2007, Wells Fargo created [more...]

Date: 2008-12-11 06:53:17

Bag ‘Monster’ Returns With These 4 Absurdly Cheap Stocks

Some of the valuations in today’s market are absurd, says Chris Mayer. Though market volatility means high risks in the short-term, now is the time to “plant the seeds of monster future returns.” Chris picks four deep value stocks with big upside potential. This from The Rude Awakening: The panic in this market is incredible [more...]

Date: 2008-12-11 14:59:59

An Optimist Looks Back on a Rough Year

In a year that figures to see the Standard & Poor’s 500-stock index lose more than 40% of its value, ... out to be.) But that has not dimmed the spirits of James Paulsen, chief investment strategist at Wells Capital Management. Mr ... the turnaround a “cyclical” bull rally amid a longer-term bear [more...]

Date: 2008-12-29 09:16:00

16 months?

Jim Welsh of Welsh Money Management has been publishing his monthly investment letter, “The Financial Commentator”, since 1985 ... this time.” In his March 2008 letter, he forecast a rally in the S&P to 1420-1440, before the bear ... for the coming bull market. Getting run over by the bear market was not good. But missing the new bull [more...]

Date: 2009-01-05 20:05:11

2008: Annus Horribilis, RIP

I meant to take yet another Friday away from my writing, but as I am researching for next week’s annual prediction issue, there is so much material that begs to be covered that I thought I would put out a short letter with 3 or 4 points as a preface to my prognostications of next week [more...]

Date: 2009-01-03 12:42:15

An Example of the Perils of Tactical Asset Allocation

Reading through the Management Discussion of Fund Performance for the Accumulus Talisman Fund reveals a textbook example of a major problem with tactical asset allocation: your call might eventually prove to be the right one but the market ... index futures contracts to freeze the Fund’s asset value until we could determine whether [more...]

Date: 2009-01-14 14:20:43

Foretaste of worse things to come -- a Singa perspective

IT TAKES A LION TO TAKE A BULL BY ITS HORNS. So Desi Today borroweth fro our neighbour South Of The Border to try send a subtle message to sleepy heeds enscounced in Putrajaya who must have eaten too much OSTRICH meat -- in Perth getaway by Ribber Swanneh? -- and now burying their kepala in the sand [more...]

Date: 2009-01-05 02:24:00

FT 4th January 2009 -Building wealth with tens of thousands of small accounts

The article below provides another practical example of microfinance, ending with the following paragraph: ... was as a gofer at Raffeisen Capital Management in Vienna. Although he was not a trainee portfolio manager, he asked the right questions. Twenty-three years later Seiler Asset Management looks after [more...]

Date: 2009-01-05 03:53:40

AEI Subprime IV.1 — Pollock Introduction

Housing Doom is pleased to present the first installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the introduction by session moderator Alex Pollock. It uses a short slide deck. [more...]

Date: 2008-11-13 07:05:48

Wall Street, Circa 2010: Disaggregation and Specialization

The Wall Street of today is almost unrecognizable from that at which I worked for almost two decades ... word. Securitization? Don't want to hear about it. Asset-backed what? Sell - sell now! What started ... complexity and distance from its intended goal, risk management, was a key contributor to the financial [more...]

Date: 2009-01-08 16:07:45

Citi Group Next to Epic Fail?

Citi Group Next to Epic Fail? by Steven D Wed Nov 19th, 2008 at 07:30:39 PM EST It sure seems that's the way the market is betting: ... , a fixed-income manager at Cabot Money management in Salem, Massachusetts. ... While shares ... low. "The whole thing echoes quite frankly of Bear Stearns," said David Dietze, chief investment [more...]

Date: 2008-11-20 00:46:36

Many Investors Discover That It's Not "Just the Market"

Just as a falling tide can reveal shipwrecks, a falling market can reveal financial industry abuses of investors ... promised. As a result, investor lawsuits rose 19% in 2008 in the wake of the worst bear market ... of U. S. millionaires believe their investment advisors provided poor investment management and advice, according [more...]

Date: 2009-01-08 16:03:15

2008 Lookback: The Blame Game

Harry S. Truman is associated famously with the phrase, “The buck stops here ... it was revised to more favorable terms), and how risk management didn’t worsen until he left ... that he held a firmer control over risk management made bedfellows out of CNBC’s usual bickering duo [more...]

Date: 2008-12-26 12:00:00

Michael Ignatieff on Transit

Over the weekend, I received news from Michael Ignatieff’s “Town Hall” meeting in Halifax.  (For the benefit of foreign readers, Ignatieff is now the Leader of the Opposition in Ottawa, the Liberal Party.)  Marcus Garnet sent an email to a Transport 2000 list, and this found its way [more...]

Date: 2009-01-08 17:14:04

Fed Intervention: Managing Moral Hazard in Financial Crises

"Moral hazard has its costs, but it also has its benefits": Fed Intervention: Managing Moral Hazard in Financial Crises, by Harvey Rosenblum, ... its lending beyond the commercial banking sector. In March, it assisted with J.P. Morgan Chase’s buyout ... two earlier financial interventions: in the case of Long-Term Capital Management (LTCM) in 1998 [more...]

Date: 2008-11-26 20:51:00

Investors should stop worrying about the jobs data

Historically, stocks have surged following gloomy reports On Friday, the Labor Department released its employment report for December. You’re no doubt already aware of the data; 524,000 more jobs were lost in December, making for a total of 2.6 million lost in 2008. The losses have been accelerating, with 1 [more...]

Date: 2009-01-14 18:14:20

DrumBeat: November 17, 2008

EIA: OPEC 10 Month Oil Export Revenue +32% On Full-Year 2007 NEW YORK -(Dow Jones) ... and the global system of dominance that rests on it will run into limits it cannot transform -- so that it cannot ... the system of production and destruction to such a degree that it prevents it from resurrecting itself [more...]

Date: 2008-11-17 13:33:17

Roth IRA FAQ, Income Streams and Financial Q & A @ The Carnivals

new logo design is now over. As for which logo won? It was a tight vote between 2 logos. Now how about I surprise you all with it when I put it up? Also, Trent from The Simple Dollar has an e-book for sale called 365 Ways To Live Cheap! Do check it out when you get a chance [more...]

Date: 2008-12-03 22:11:44

GOPUSA ILLINOIS Daily Clips - December 17, 2008

GOPUSA ILLINOIS Daily Clips for December 17, 2008 includes news and commentaries on the following topics: Republican Party candidates, elected officials, party leaders, and events Republican Party platform issues including promoting a strong national defense, respect for the rule of law, individual responsibilitiy, traditional values, [more...]

Date: 2008-12-17 16:22:23

Be wary of U.S. treasury bonds in 2009

There’s a potential serious problem shaping up Last year was not only an unusual year for the stock market, but also for bonds. It’s no secret that as the interest paid on bonds (the yield) declines, the prices of bonds rise. That’s because if you own a bond that pays you a yield of 6%, and new bonds being issued are only paying 4%, [more...]

Date: 2009-01-06 15:54:02

The Stock Market Crash Predicted by a Rumford Native

Jay Carrier, formerly of Rumford, wrote this article in January 2007.Were you sick to your stomach back in 2003 when the stock market dropped more than 40%? I bet you were!It’s been 7 years since the beginning of 2000 when the stock market began its nauseating roller coaster ride which left investors worried sick [more...]

Date: 2009-01-12 02:50:00

Redefining Deficits, Inflation Plummets, Market and Oil Forecasts, The Dububble and More!

Feel like getting angry? Treasury publishes latest debt/deficit details… But Fed now encouraged to intervene more… latest data show historic ... .” Not to worry, just some “serious financial management problems at the Dept. of Defense” and other [more...]

Date: 2008-12-16 22:40:52

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