SubscribeTDI Episode 66: Stock Tips and Mish-O-Nomics
July 20, 2008
Guest: Michael “Mish” Shedlock and Andrew discuss the current economy, the financial stocks and the unbelievable rules that are coming from the SEC and the FED. What are they thinking? Short-selling may break the back of the banks that have the biggest problems as they are now fair game, while the big brokerages have been…officially excluded. Even though it is a temporary action, I have to say: Nice work fellas! (not)
As promised, Andrew gives you a few stocks to look at as they are exhibiting strong fundamentals, good technicals and are setting up to move. If you want to learn more about how to find, research and invest in 
stocks, this episode is for you….
Mike Shedlock / Mish is a well sought after blogger that has been spot-on with the current economic debacle we are seeing. He is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance, low volatility, regardless of market direction. They provide wealth management for investors seeking strong performance with low volatility.
LISTEN TO PODCAST | LISTEN @ ZUNE - @ iTUNES
Mish’s blog provides global economics commentary 7-10 times a week. He is also a “professor” on Minyanville. Make it a habit to visit his Minyanville Profile. Mish also does weekly live radio on KFNX on the Charles Goyette show every Wednesday.
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Stocks discussed: Apple Inc. (AAPL), Aecon Tech (ACM), Adobe (ADBE), ITT Educational Services (ESI), Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers (LEH), Goldman Sachs (GS)
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The ZachZone Stocks: Fannie Mae (FNM), Freddie Mac (FRE), GT Solar International, Inc. (SOLR), China Distance Educational Holdings (DL)
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CLICK HERE for a Virtual Tour of The Disciplined Investor Managed Growth Strategy
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Get your free copy of The Disciplined Investor or any audiobook HERE
TDI Podcast 65: Psyched Out ?
July 13, 2008
Guest: Brett Steenbarger, Author of The Psychology of Trading (Wiley, 2003) and Enhancing Trader Performance (Wiley, 2006). I want to know…What is it that psyches-out traders? How can we overcome some of the trading pitfalls and the we explore what tools the pros do not use. Brett schools me…
LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES
Brett N. Steenbarger, Ph.D. has been actively involved in the financial markets since the late 1970s. He has served as Director of Trader Development for Kingstree Trading, LLC in Chicago and currently consults with traders in a number of professional trading organizations. Visit his site HERE.
He is also Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. A clinical psychologist and active trader, writer, and researcher for the past 20 years, Brett is the author of Enhancing Trader Performance (Wiley, 2006); The Psychology of Trading (Wiley; 2003); and numerous articles on trading psychology for print and online financial publications.
His book chapters on brief psychotherapy can be found in such reference works as
The Psychologist’s Desk Reference (Oxford University Press, 1998), Encyclopedia of Psychotherapy (Academic Press, 2002), Clinical Strategies for Becoming a Master Psychotherapist (Academic Press, 2006), and the forthcoming editions of Kaplan & Sadock’s Comprehensive Textbook of Psychiatry and The Handbook of Clinical Psychology. His coedited book, The Art and Science of the Brief Psychotherapies (American Psychiatric Publishing, 2004), has been selected as a core training text for psychiatry residency programs.
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CLICK HERE for a Virtual Tour of The Disciplined Investor Managed Growth Strategy
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Greenberger on the Hill - Enron Loophole Video
June 29, 2008
As a follow up to to the recent articles you may have read here, you may want to consider watching this. The recent testimony of Prof. Michael Greenberger on The Enron Loophole…Scary Stuff.. (turn your sound down a bit.. it is a touch loud!)
(Note: Prof Greenberger joined us on TDI Podcast #63 to answer some of difficult questions…)
TDI Podcast 63: OIL-OIL-Enron Loophole-OIL-OIL
June 29, 2008
Guests: Prof. Michael Greenberger and John C. Dvorak discuss the Enron Loophole, the London Loophole and the skyrocketing price of oil. We also find out how closing the loophole could bring the per barrel price of oil down 25%!
LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES
Since July 2001, Michael Greenberger has been a professor at the University of Maryland School of Law, where he teaches a course entitled “Futures, Options and Derivatives.”
Professor Greenberger was a partner for more than 20 years in the Washington, D.C. law firm of Shea & Gardner, where he served as lead litigation counsel before courts of law nationwide, including the United States Supreme Court.
In 1997, Professor Greenberger left private practice to become the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission (CFTC).
Professor Greenberger has frequently been asked to testify before Congressional committees on issues pertaining to dysfunctions within United States financial markets caused by complex and unregulated financial derivatives. He has also appeared both in the media and at academic gatherings to discuss this subject, including appearances on CNN, ABC’s “World News Tonight,” the CBS Evening News, NBC Evening News, CNBC, MSNBC, The Jim Lehrer News Hour, NPR’s “Fresh Air,” and C-SPAN, where he also commented on financial dislocations arising out of the Enron collapse, the subprime meltdown, and the manipulation of crude oil and natural gas prices by unregulated energy traders.
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Additional Reading and Info related to this discussion:
MSN Article - House Passes Bill to Reverse oil price increases
Write You Senator, Copngressman or President with your concerns about oil
HUGE Listing (with emails) of your elected officials
* * Fill-in Form on Site and will Auto-Send to your Officials (COOL!) **
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ZachZone Stocks: Central European Distribution (CEDC), Energy Recovery, Inc. (ERII), Galiot Capital Corp. (GTC)
Stocks to look at from this episode: ProShares UltraShort Oil & Gas (DUG), ProShares Ultra Oil & Gas (DIG)
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CLICK HERE for a Virtual Tour of The Disciplined Investor Managed Growth Strategy
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Banks failing, so they are changing the rules….
June 19, 2008
The Wall Street Journal is telling us that there is a new game being played by banks to help make their book of businesses, “look” better. It is a desperate move but the problem is the lack of regulation that continues to allow for this latest form of unethical behavior.
In January, Astoria Financial Corp. told investors that its pile of nonperforming loans had grown to about $106 million as of the end of last year. Three months later, the thrift holding company said the number was just $68 million.
How did Astoria do it? By changing its internal policy on when mortgages are classified on its books as troubled. The Lake Success, N.Y., company now counts home loans as nonperforming when the borrower misses at least three payments, instead of two.
This type of blatant disregard for the consumer and shareholders will continue as the FED and the Treasury turn a blind eye. Yet, the truth is that this immoral and I daresay borderline criminal action will continue. Let’s face it, there is really no teeth and not enough of a deterrent that provides for a second thought by any of the laws on the books today.
As long as off-balance sheet deals and creative bookkeeping is allowed, feel confident that this will go on indefinitely.
On the other hand, if the banks continue to operate under the current rule set, how long will they be able to stave off the inevitable if their book of business is failing. AND, one more thought…are we all culpable as well as it is somehow in our best interests that they stay solvent and therefore ignore the obvious?
What can we as investors do anyway except vote with our buy or sell orders?
Stocks: (NCC) (WM) (COF)
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