SubscribeCapitulation? 3 Positions I am adding…
October 9, 2008
I am disgusted and disillusioned. I am sure you are as well. Here is my latest journal from the MSN Strategy Lab (I am currently in 2nd place)
I find myself repeating seven words over and over lately: “This is not funny” and “Oh my God.” The S&P 500 has been systematically taken apart over the past few weeks, and it is no wonder as we have been lied to, cheated against and talked to as if we are imbeciles.
Everyone knows that if confidence is to be restored in the financial markets, the best way is to have transparency and some honesty. For years, financial institutions have been burying the facts deep, to a point that the average investor has no way of understanding what they really are.
These days, the information can be found, but through a convoluted and obfuscating process that renders them all but unintelligible. How can anyone decipher this, and why would anyone want to?
Read the article in detail with my 3 picks HERE
Strategy Lab: My Stock Picks in this Mess
October 7, 2008
In my 20-plus years of professionally investing money, I have never seen such a difficult market. Even 2000-2002 seemed to make more sense than this; there was a clear demarcation that saw a bubble quickly burst, rather than today when we have a slow bleed that eventually pops.
Though I have tried, recently it has been very difficult for me to find any investments I like either for a long or short entry. The markets are taking apart portfolios with a vengeance, and it is clear that a high level of cash with a strategy that is finely disciplined is the only way to survive.
I have carefully searched through the list of securities my team produces using a refined screen that has helped find a few winners even in this market environment. Yet, out of the 65 stocks that it flags as possibilities, only a few seem to have the fundamentals and the technical attributes that are appealing.
Stocks: Chattam (CHTT) Apple (AAPL) Thor Industries (THOR) Flir Systems (FLIR) Preferred ETF (PGF) and more….
Read my picks and the rest of the atricle HERE
Strategy Lab - Andrew’s Portfolio is #2 because of this:
September 22, 2008
From my latest MSN Money - Strategy Lab Journal:
A scandalous number of problems plague our markets. From the supposed problems with naked short-selling to bad math at the rating agencies, we are experiencing historic volatility and an even higher level of investor anxiety.
The powers that be are doing what they can to stop the massive market correction, but it looks as though they are starting to run out of options. They have pumped out upward of $1 trillion in rate cuts, funds and promissory notes in an effort to stem the market sell-off. Read more
How we are beating the S&P 500 by 8% this month
September 21, 2008
If you have been following the blog or the podcast I’m sure you have heard mention of The TDI Managed Growth Strategy. Well, now as the markets are in bull and bear mode, it is a good time to review the merits of The TDI Managed Growth Strategy. So far, the portfolio has had a terrific start and I am very pleased with the success we have had so far.
As this strategy is now open to investors, perhaps it is time to think about looking at what has occurred in the markets and consider taking that next step towards changing a strategy that may not be working. This time is surely different, and buy-and-hold, wait-and-see, hope-for-the-best may not be suitable. I am well aware that you may be shell-shocked by what recently happened, (as we all are) but that is not reason to believe that you cannot be making money in these conditions. Read more
Fannie/Freddie Rally Won’t Fix the Market
September 9, 2008
My latest MSN Strategy Lab Journal:
Monday was the beginning of a short covering rally that will be last for only an instant. From a stock market standpoint, you could not paint a clearer picture if you tried.
Monday morning, the rush was on and panic set in as those that bet against the financial sector came in to clean up their positions. Then it faded with fervor and the markets collapsed from a 350-point gain on the Dow ($INDU) to just over a 100-point gain midmorning. It was not pretty.
Blame it on an analyst’s call or better yet, realize that there is simply no confidence in the financial system.
Either way, it was apparent that by the end of the day Monday, buying would certainly return, as no one is really interested in holding short positions into the night. That is when the really scary stuff starts, only to be trumped by the weekends when the jackals and scamsters work in private to bring a new dawn of horror on a Monday.
Buying did resume — the Dow ended up 290 points -– but what happens next?
Stocks: Fannie Mae (FNM), Freddie Mac (FRE), Proshares Ultra Short Financial (SKF)
See the rest of the story HERE
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