SubscribeAre you sick of these anal-ysts?
August 18, 2008
I am sooooo tired of the anal-ysts that are always on the bandwagon looking to hop aboard the late-train of easy predictions.
- Strategist Moron Moran Sees Stronger Dollar in Second Half
Aug. 12 (Bloomberg) — Mike Moran, a senior currency strategist at Standard Chartered Bank, talks with Bloomberg’s Catherine Yang from New York about the outlook for the yen, euro, pound, U.S., Australian and New Zealand dollars, and Moran’s currency trading strategy. (Source: Bloomberg)
- Credit Suisse’s Weissenstein Says Oil Decline `Overdue’
Aug. 11 (Bloomberg) — Robert Weissenstein, chief investment officer at Credit Suisse Private Bank, talks with Bloomberg’s Monica Bertran from New York about the outlook for U.S. stocks, the financial and housing markets and his investment strategy. (Source: Bloomberg)
I really do not have much to say other than…GET SOME FRESH IDEAS BOYS!!!!!! You are late, riding the here-and-now train and just plain pathetic.
Note that these are just two of the dozens I have come across in just the past few days that ave a similar tone. When are they going to give us something that we can use? Seriously!
Am I alone here? What do you think?
CALSTRS lifting ban a smoke screen…?
June 5, 2008
Sometimes, you just have to wonder what is the real reason for some things. Now the California State Teacher’s Retirement System is turning around a long standing ruling that prohibited them from investing in those sinfully smoky tobacco stocks.
In theory, the eight year old ban was put on because of the worries about the pending lawsuits and the downside risk. But I just have to wonder if that was not really a smokescreen for the underlying desire to stay “socially-responsible.”
The CALSTRS policy for investment responsibility is detailed in their desire to invest according to their 20 Risk Factors. It seems that going back to these cancer and environmentally disastrous stocks is a potential violation of their policy against “Environmental” and “Air Quality” concerns and now they face a new problem. How are they going to get past this policy?
Even so, it seems that the policy does not necessarily help the fund from staying out of harms way… OH, how much damage was inflicted to the fund from sub-prime?
Calstrs may remove ban on tobacco stocks: report | Reuters
(Reuters) - Calstrs, one of the largest U.S. pension funds, may remove its eight-year ban on tobacco stocks as risks in this industry have dimmed, the Wall Street Journal reported on Thursday.
The board of the California State Teachers’ Retirement System began deliberating on Wednesday about adding tobacco stocks to its portfolio of more than $160 billion, the newspaper said.
Calstrs divested itself of these stocks in 2000 because of various lawsuits against the industry and looming government regulation, but said missing out on a “market weighting” in tobacco stocks cost it $1 billion in returns in the past several years, the paper said.
It was not clear how much money Calstrs planned to invest in tobacco companies, the newspaper said.
Stocks to consider: (RAI) (UST) (MO) (PM) (BTI)
TDI Episode 50: The Analysts are Wrong (DUH!)
March 30, 2008
Guests: Adam Warner, Professor Woolridge and Gal Arav. In this episode, we explore three topics of interest. First we get the lowdown on options with Adam Warner. Then we find out from Professor Woolridge that stock analysts usually predict earnings to be higher than they actually are. Finally, Gal Arav introduces his newest technology wonder, Newsflashr.
Guest Info and Bios:
Adam Warner is a proprietary option trader
with Addormar Co, Inc. He traded as a member of the American Stock Exchange from 1988-2001, and in several off-floor locations since then. He co-wrote the options column on Street Insight from spring 2003 to spring 2005, and currently writes a blog - The Daily Options Report - dedicated primarily to education about options. In addition, he is a “Professor” at Minyanville, writing a regular roundup column. Adam graduated Johns Hopkins University with a degree in Economics.
Gal Arav is the founder and creator of InstantBull and Newsflashr. Gal’s developing faster ways to monitor huge amounts of news data. Following a successful run of investing in the stock markets, in 2006, Gal invested in his own startup company to create InstantBull.com, a time-saving stock research and message board aggregator. This came after several years of R&D at an MIT spin-off that develops eye-tracking devices where Gal was Product Manager. In 2008, Gal is once again striving to turbo-charge the Web with his latest news aggregator, newsflashr. Gal holds an Engineering degree from The Technion, Israel and a Master’s degree in Operations Research and Decision Theory from Tel Aviv University, Israel.
Dr. J. Randall Woolridge is a Professor of Finance at the Penn State, Smeal College of Business. He is a Goldman Sachs and Co. and Frank P. Smeal Endowed University Fellow and President of the Nittany Lion Fund, LLC. With expertise in investing and capital markets, he has published numerous books and articles including the popular stock valuation book, The StreetSmart Guide to Valuing a Stock. His research has been highlighted extensively in the financial media. Recently, he published a study: Wall Street Analysts Still Exuberant In Their Earnings Projections that we discuss in this episode.
Stocks Mentioned: (COF) (AAPL) (LEH) (SPY) (GOOG) (BSC) (SAFM) (SKF) (WM) (VM) (CROX)
MarketMash: March 14, 2008
March 15, 2008
Brian Shannon of AlphaTrends did a great job wrapping the day up with a superb view of the the markets. You gotta love Brian’s way of explaining technical analysis. His videos get an A+.
The Big Picture did a blogging marathon throughout the day Friday as the Bear story unfolded. Like a virtual chat room, filled with minute by minute info, Barry captured the hysteria of the day with 45+entires from 9:38 am to 2:15 pm. He must have passed out at 2:30 pm when the timely news was released that S&P cut Bear’s rating. Well done S&P, thanks for the update!
A great commentary was presented by Bill Cara. One of the best lines I have seen that shows a simple solution for investors: “The only control the people have is to pull their capital out of this phony market (directly and through their pension plans) and let the liquidity crisis take the whole system down.”
In an odd way, Timothy Sykes makes a good point about how hype can drive stock prices. How does his Facebook chat with Spitzer’s girl Ashley Alexandra Dupre and market manipulation teach about investing? Let him explain, way too much for me to contemplate.
Gal Arav, creator of Instantbull.com has another winner. Newsflashr is an amazingly fast news gathering system. This is a great tool to keep you on top of the hottest news bubbling to the surface. Check it out you will be hooked.
Good news! The greed is tempered by gifts to charity at Blackstone. Thank goodness for that. I would do the same. How would I spend $350,000,000 anyway? The team at Footnoted.org is reading the fine print for us Type-A’s. Thanks guys/gals!
Old chum Howard Lindzon visits Florida, forgets to call and then pisses all over my home state. Nice to read such an interesting summary of your vacation. THANKS! I think you should check out Kabul next time…the forecast is for plenty of sun. I am sure the Kabul Tourist Bureau will provide a welcome that you find more to your liking. :-)
Brett over at TraderFeed has a good idea. KEEP A TRADING JOURNAL.
Herb Greenberg conjurs up a Langone conspiracy against Spitzer. Possible?
CNBC - Conflict Never Bothers Charlie. What a week it was for Charlie Gasparino. He was fighting with everyone it seems.
Timing is everything: on March 13, Felix Salmon wonders why Bear Stearns has a book value below its peers. HUH? Seriously? Felix, did you really ask that?
Stocks/Indicies: (SPY) (DJIA) (BSC)
Links
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