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One of my Wall Street mentors wrote the following today: Not the equity bulls. They had their head chopped off in 2008-2009. Even after a historic rally, they are subdued. I mean the commodity/precious metal bulls, currently the most arrogant group of investors on the planet. According to these
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I was asked yesterday to comment on the budget and debt ceiling “crises” by a subscriber who wondered why I hadn’t been talking much about them and how they could affect our portfolio. After all, those two topics are typically dominating the business pages and business TV shows these
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Things are heating up for Lender Processing Services…here are a couple articles detailing how bad LPS is losing in the courts. First, from David Foster of Height Analytics: As background, this involves The Wilsons (homeowner), LPS, and OptionOne. Fidelity is part of LPS, Cash and Goebel represent LPS, Simmons
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They say one of the things that separates the great NFL quarterbacks from the the lesser ones is the amount of time the Peytons and Bradys put in watching film. They go back and watch the replays of their best and worst moves so they learn from experience. Great traders
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A little bit of lift this morning in the broader stock markets to counter yesterday’s deflating action. Quarterly earnings reports are indeed catalyzing some big moves. Oh, including Riverbed. Nice 15% pop after the company reported a better than expected quarter and guided higher for next. I bought more
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Whoa, it’s been a straight down day of action since the open and we’re finally stabilized here down about 1%. It could get be a wild day with another 1% intraday move either up or down before this day is over, given that we’ve been so flattish
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Once again it looks like we will muddle through the day as we have barely gotten to the tip of the earnings iceberg. Riverbed is down more than a buck fifty…sort of like a two-by-four across the forehead with your morning coffee. As you know, I am trying to
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Well, wasn’t that exciting? The DJIA finished up 1/100th of 1% higher by the close. And we came in for that action today! Sigh. Earnings start full blast tomorrow and by Thursday after the close we’ll have tech biggie Google reporting. I’m long a small common
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I nibbled on some Adtran common stock. And I shorted a tiny bit of Cablevision. These two trades aren’t necessarily for earnings season or anything…they’re longer term positions that I just didn’t have on the sheets yet. Here’s my Adtran analysis: Adtran is an old
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Okay, as we start this week, I’m well-rested, prepared and ready to confront earnings season with a clear head and emotions checked. I’ll readily admit that I’m outright excited to see how our stocks react to earnings season. I do think some of the recently highlighted near-term
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Sloppy into the close is how it goes. It’s the Friday contra hour and it’s a sloppy one, but the DJIA is still up more than 1% for the week. And we’re up 800 points from the bottom put in during the Japan crisis a few weeks
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Flattish open as we crawl into earnings season starting next week when the fireworks should really start. The biggest question, as usual, is what fundamentals are priced into these markets? We see Corning this morning getting hit at the open for a couple percent and it’s now almost back
