So by now you’ve probably heard that the Federal deficit is going to reach $9 Trillion dollars within the next 10 years. I feel this spending is so much that most people aren’t grasping how much it really is. To put this somewhat into perspective… this year alone the Federal government will spend $22,000 more [...]
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Here’s another interview with Mohamed El-Erian on CNBC. Most of it is a restatement of his thoughts from his previous interview which I posted a few days ago… nevertheless, I felt it’s still worth posting. Basically, El-Erian is saying the markets are on a sugar high and it’s unsustainable. I agree with the [...] This morning, President Obama officially announced that he is reappointing Ben Bernanke for a second four-year term as chairman of the Federal Reserve. The video below contents The President’s statement. Does anyone have any thoughts on the reappointment? Would you have reappointed Bernanke? If not, who would you have chosen?
I’m in the process of re-reading The Intelligent Investor and found some words of wisdom from Ben Graham to young investors. In his chapter entitled, “The Defensive Investor and Common Stocks” Graham states… Let us not ignore human nature at this point. Finance has a fascination for many bright young people with limited means. They would [...] I found this really interesting chart on calculatedriskblog.com that matches up the lows of the three prior major bear markets and compares it to the market lows we reached in March. It’s a little scary to see that our current market rally is lining up closely to that of the great depression. I guess only [...] The markets have been in a sustained rally since hitting the March lows. Since that time, the S&P 500 has climbed more than 50% from the bottom. While we’ve seen some noticeable improvement in the economy since than, there are still many ominous signs that make me weary. Firstly, second quarter earnings were largely viewed as [...] |
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Doug Kass Calls A Top
Doug Kass of Seabreeze Partners Management was one of the only individuals to properly call the market bottom in March. Here he is in a video today saying the market has topped for the year. He even goes as far as comparing it to the careers of Brittney Spears and Lindsay Lohan (ouch).