SubscribeTDI Podcast 160: Strategic Lessons from Markman
May 9, 2010 11:59 pm
Guest: Jon Markman provides insight into the markets and direction. We talk about buying and selling pressure, sell-stops and signals. We start this episode with a in depth look at the market plunge this week and the possible outcomes for the Greece debacle. Earnings, jobs and China are also in focus. A few stocks to look at as well.
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Jon Markman, a veteran money manager and award-winning journalist, is editor and founder of the investment research newsletters Trader’s Advantage and Strategic Advantage. A pioneer in the development of stock-rating systems and screening software, Markman is a co-inventor on two Microsoft patents and author of the best-selling books “Swing Trading” , “The New Day Trader Advantage” and “Reminiscences of a Stock Operator – Annotated Edition”
Markman was a portfolio manager and senior investment strategist at a multi-strategy hedge fund from 2002 to 2005; managing editor and columnist at CNBC from 1997 to 2002; and an editor, investments columnist and investigative reporter at the Los Angeles Times from 1984 to 1997. Markman is also currently a weekly columnist for MSN Money and a contributor to TheStreet.com.
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4 Responses to “TDI Podcast 160: Strategic Lessons from Markman”
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Great Show Andrew! What about the Australian government taxing the miners to help fund the Mum and Dad's superannuation funds plus other stuff. All Australians Super funds (your 401k) are heavily invested in mining stocks, work that one out? Crazy stuff.
Dino
Good show! Sachs had another perfect quarter…63 trading days without one loss. And how about that libor? It does not look like it thought much of the 1 trillion bail out plan.
Andrew, thanks for another fine show. Jon has been a good guest but he had one inconsistent point about stops.
Jon said that pros don't use hard stops, only retail investors and they got run and robbed on Thursday, May 6th. However, 3 minutes later he said that with the April action they were seeing he told his newsletter subscribers "to tighten their stops", and he began stuttering when he went to that point of contradiction. The market came back some that day, but we had days in 2008 when it didn't and stops were prudent.
So if stops are a bad idea, then what are people supposed to do that can't be at their computers during the day? Too bad that point wasn't addressed.
Regarding the action on Thursday, may 6th, agreed that we don't know exactly what caused the sell off, perhaps a number of events. I suspect it could be related or perhaps caused in part by robotic trading systems. Remember awhile back that GS had some software stolen that a spokesman for them said it could be used to manipulate markets if in the wrong hands? (as if it would be in safe hands with GS.)
[...] A great episode, see the show notes and listen HERE [...]