SubscribeLinks and Reading for February 17th
February 17, 2009
Some of the more interesting and important items for February 17th :
- One Way Bove – Lost his way – Well, his job at least. Nice call Dick!
- Is Obamanomics D.O.A? Take this six-point quiz to find out – You decide…
- Chavez gets green light – Now that is what I call fun! Make yourself KING and say it was a democratic process to do so.
- Worst GDP since ’74 – Japan is showing signs of sever weakness continuing
- United States is not protectionist, Pelosi says – Says Pelosi…
Why We are Short Exxon
February 17, 2009
This is a recent post from the TDI Managed Growth Strategy blog. We use the site as a conduit to provide regular updates to our clients in an effort to provide transparency as well as education….
Here is a chart that we are looking at with regard to Exxon Mobile (XOM). As you know, we are short Exxon Mobile and working a paired trade with our long position of the ProShares Ultra Oil (UCO). Only the former for the group is working out as it has become apparent that the flight to safety with investors that are desirous of investing in the oil sector may be fading.
(For a 10-day test drive of the TDI Site, send an email to us and we will get you set up)
( As a side note; the position in UCO has become an increasing concern as it is not operating correctly, as we see it. It is no longer highly correlated to the index and we will be moving quickly to determine if it will remain in portfolios)
Lately, Exxon Mobile has been a good stock, relatively, especially in this difficult time for the markets. I say relatively as it has been somewhat resilient in the face of a massive earnings falloff for the entire sector. Comparing the earnings to other competitors reveals that Exxon is running on fumes. The technicals shows us that a break below $73.32 may trigger programmed sell. In fact, This actually occurred today and the position is trading at $71.60 as of now. Read more
Strategy Lab: Final – Horowitz Wins and UP 14.55%
February 17, 2009
This is the final journal from MSN for the 18th round of the MSN Strategy Lab:
As our stock-picking contest comes to a close, one player lives up to his Disciplined Investor nickname, besting the market by nearly 50 percentage points in six months.
How 5 traders survived — and 1 thrived
“…one lesson from the winner in the 18th round of our Strategy Lab stock-picking challenge is that however well you do against the market, it’s a lot more fun if you’re making money.
Horowitz ends with a 13.4% gain ( soon to be updated to 14.55%) over little more than six months while the market — as judged by the Standard & Poor’s 500 Index — declined 34.5%. That’s a whopping 48 percentage point advantage over a market that brought scores of investors to ruin.
How’d he do it? Read his final journal, “5 things I learned as a Strategy Lab player,” for an outline of his opportunistic approach. “I’m often asked if I am bullish or bearish,” he writes. “Fact is, I only care if the market is open; since there is no chance of making money when it’s closed.”
The amazing thing is that our round started with so much promise. As August opened, the market was well off its pre-bear market highs, but it seemed to have leveled off. All our players spent part of the first month in the black. Sure, more trouble was on the horizon, but near the end of August, the S&P 500 crested 1,300.
Of course, you know what happened next. By Thanksgiving, the market was down 40%. We had a holiday rally that spurred some hope, but it didn’t last, and we end this round with the S&P 500 down nearly 35%. One of our players in a final journal calls it the worst market in many of our Read more
Video: A Congressional Castration
February 16, 2009
This is the best of the congressional hearings so far. Rep. Ackerman (from Bayside, NY – my old stomping grounds) does a great job beheading/castrating the SEC Attorney.
By the way, what presidential privilege is he talking about?
You have to love this guy…
TDI Podcast 96: Faber on Bernanke – CLOWN!
February 16, 2009
Guest: Dr. Marc Faber, The Gloom, Boom & Doom Report. We discuss the current stimulus package as well as Dr. Faber’s thoughts on Ben Bernanke. Let’s just say he is not his biggest fan… Also, in this episode, we tell you how to get your free download of my book, The Disciplined Investor! Why? because we are celebrating my being named the champion of the MSN Money Strategy Lab. Yes, it is officially over and my portfolio was up 14.55% versus the S&P 500 down 35%.
LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES
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Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.
Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.
Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW’S GOLD ” was for several weeks on Amazon’s best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
A book on Dr. Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.
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