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Now that we’ve rallied a full 1% off the…
Allow me to reprint much of the meat from the actual report and you’ll probably laugh that anybody would care what these idiots at S&P have to say about anything:
Trading
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There won’t be a bell rung to let you kn…
There won’t be a bell rung to let you know when the sell off has played itself out. Again, I don’t expect we’ll see much if any lift intraday today…and tomorrow will be a new day that we’ll evaluate when it gets here. More importantly,
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S&P negative on U.S. debt Standard …
S&P negative on U.S. debt Standard & Poor’s cuts its ratings outlook on the U.S. to negative from stable, keeping its Triple-A rating on the world’s largest economy. Stocks decline even as Treasury Department mounts defense. • Text of S&P’s downgrade of
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And as we close out the week, I don’t ex…
And as we close out the week, I don’t expect I’ll be doing any more trades other than having doubled my Google long position, using only common stock in that one so far. I’m flying out to Dallas to be a “celebrity” waiter at a charity event
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I really am buying some real estate here…
I really am buying some real estate here in NM. Here’s my recent real estate asset class write up from the 20 Trades to Save Your Portfolio in 2011 report: Real estate The single biggest concern about real estate is that the robo-signing/mortgage fraud and all the other
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Another day at the casino, and the marke…
Another day at the casino, and the markets are trying to crawl higher despite the ugly reaction to a decent fundamental Google report. Google’s down 6% on the day and having a hard time stabilizing, despite my theory last night that we’d likely see it trade to flat
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Remember — it’s not the news that matte…
Remember — it’s not the news that matters, but the market’s reaction to the news that matters. Google reports… Topline at $6.54 billion is about 5% better than consensus. Bottomline at $8.08 per share is inline versus the $8.10 consensus. The media will call it a
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The only trigger I pulled today was putt…
The only trigger I pulled today was putting a down payment on some acreage here in my hometown of Ruidoso. No stock trades, which is no surprise given my wanting to get through earnings season before doing much more stock/option trading for now. Here comes Google. Buckle up!
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I’m republishing this for the email subs…
I’m republishing this for the email subscribers so you can tell where Marcin’s comments stop and mine start (look for the =====) 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,
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One of my Wall Street mentors wrote the …
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 …
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 Process…
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