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    • Mon Dec 1st 09:03 AM
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      Rating: 0 0
      Commented on:
      Marc Faber Says Time to Buy Gold Exploration Stocks
      How about silver miner CDE which hit .35/share just a week or so ago? Many of the silver miners are down 90-95% YTD--good risk reward or what?

      I'd stay away from the poorly capitalized miners though, as word is that financing has gotten very tight.
      View article »
    • Mon Dec 1st 08:56 AM
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      Rating: 0 -1
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      Troubled Banks in 1991 Were 25 Times Worse Than Now
      Agree with BxCapricorn that this guy's work seems as worthwhile as a cartload of dung. Unbelievable.
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    • Mon Dec 1st 08:36 AM
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      Rating: +2 0
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      Gold Trade Proves Spectacular to the Upside
      Yes, nice call BUT it would be very helpful (and honest) to document how many false starts/head fakes you've bet on in the gold miners over the past several months and how much this has cost you to date. Technically the sector has just broken out from its correction from March/April timeframe, and strict trend followers are now looking for entry points on pullbacks. As someone who has been painfully headfaked by this sector multiple times in the past couple months, I'm learning the old lesson of price confirmation (vs guessing) before jumping aboard this time. Nice to catch the bottom, for sure, but honesty demands we ask how many missed swings you've taken to date before hitting this homerun.
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    • Sun Nov 30th 13:13 PM
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      Thoughts on Giving Thanks: A Trader's Perspective
      Yes, good piece on what the Buddhists call Right Mind or Big Mind, i.e. putting your own neurosis and smallmindedness aside in an attempt to tap into the collective flow that is the market. Thanks for posting.
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    • Fri Nov 28th 10:11 AM
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      Rating: 0 -1
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      Saab May Be GM's Best Hope for the Future
      The title of this absurd piece says it all re the kind of position GM has put itself in. Wagoner and co should be hung by their toes and dangled over fire and brimstone. There's nothing left to save here folks. Auction off the remains to healthier companies and let's move on. See Bob Crandall's op-ed piece in today's WSJ for details.
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    • Tue Nov 25th 09:26 AM
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      Rating: +1 0
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      Gold's Role Reversal
      Agree with pants that gold is looking better by the day, especially the mining stocks. Go look at charts of CDE and SIL to see how badly beaten the silver miners have been. CDE printed .30 a share last week, so a half dozen shares cost less than a medium cappacino at Starbucks. Anyone not at least nibbling hard here is insane IMO, especially give the Fed's admission that the only solution they see is a massive injection of liquidity.
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    • Tue Nov 25th 09:00 AM
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      Watching the New York Times Struggle
      Some good suggestions here, particularly #1. The Times needs to creatively leverage their natonal influence here if they wish to survive and stay relevant. No reason they couldn't tie it all into their terrific free website, which is so good it almost makes paying for the printed copy obsolete.

      I also agree content has suffered over the past few years, and, yes, this is most obvious in the Sunday magazine. The ongoing serial fiction in the magazine was an interesting concept initially, but in the end just an oddity that doesn't deserve anywhere near the page space given to it each week.

      I also agree the Op/Ed pages need fresh blood. Maureen Dowd just isn't a very good writer I'm afraid, and William Kristol could bore the teeth off a (snoring) saw. Keep Frank Rich (IMO the star here, and one of the best political commentators of our era), Friedman, and most of the rest, but add a half dozen more regulars and give each just one column a week.
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    • Fri Nov 21st 08:35 AM
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      Rating: 0 0
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      The Battle of the Batteries
      The Tesla runs on li-ion batteries, thousands of them in fact. And there are plenty of other lithium-assisted HEVs coming to market or already there, including the new Mercedes hybrids; Continental is making their packs.

      In China see ABAT and CBAK.
      View article »
    • Thu Nov 20th 09:20 AM
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      Rating: 0 0
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      Exploiting the Downside of the Markets
      The trend remains down until proven otherwise, and there is still significant risk to the downside here with commercial real estate bonds starting to implode. The relief rallies lately have been pathetic and the institutional buying non-existent; go long at your own risk here. The financials are telling us a story this week--anyone not listening will pay the price.

      Instead of shorting, though, I'm playing 2x inverse ETFs like SKF, FXP, SRS, etc. Measured risk and leveraged potential reward if your timing is good. Take a look at the performance of OTM NOV call options on SKF Wednesday--close to a 1000% gain in one friggin trading session.
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    • Thu Nov 20th 09:10 AM
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      Rating: 0 0
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      Throwing in the Towel on This Market?
      Disagree--the fallout in the commercial REIT and bond markets has just begun, and is looking like the next very big boot to drop. Paulson and BB are very low on ammo at this point and are looking more and more like the Keystone Cops by the day. The whack-a-mole economic disaster game goes on, and I have yet to see real fear or capitulation amongst many so-called pro traders, many of whom went long UYG this week. I'm witnessing some very foolish attempts at bottom-picking here by guys with 20-30 years of trading experience; that ought to tell you something, namely that the old overbought/oversold indicators are worthless in the face of murderous fundamentals and overwhelming selling pressure.

      I've concluded that simple chart-reading/trend-fo... is the very essence of good technical analysis, and that many technical traders have become way too prone to pre-mature bottom-picking, i.e. wise guy trades, based on their formerly successful indicators, which apparently aren't working right now. Stupid and dangerous IMO. I'd compare them to a bunch of blind men standing in a torrential downpour and trying to predict exactly when the showers will stop.

      Good luck with that. The market internals are horrendous, period, and there is NO sign of institutional buying here. Until that changes going long is a fools game--unless it's long SKF, SRS, or EEV/FXP.

      Bottom line: Wait for a CONFIRMED bottom, AND for clear signs the big boys are returning to the market. That's not happening now, and I think we're in for a hellish December as mutual and hedge redemptions snowball with tax-loss selling, etc. Dow 5000-6000 would not surprise me.
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    • Thu Nov 20th 08:52 AM
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      MasterCard Offers a Clear Technical Pattern In an Uncertain Market
      BIDU and SOHU have been in similar very tradeable downward-biased channels for months--at least until BIDU blew up to the downside this week on bad news and plummeted close to $100, somewhat below the channel. After this selloff settles, I'd expect to see the channel to resume, though it may well be a broken stock if it continues to show weakness into next week.
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    • Thu Nov 20th 08:27 AM
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      Rating: +3 0
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      Wall Street Breakfast: Must-Know News
      Agreed-- these morning pre-market summaries are concise, comprehensive, and clearly presented.

      Thanks, Alpha, for this great free service!
      View article »
    • Fri Nov 14th 08:26 AM
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      Rating: +1 -1
      Commented on:
      Bush's Peculiar Wall Street Speech
      Yes, Bush doesn't have a clue, never did, and can't wait to get back to Texas, where perhaps he can find one more business to drive into the ground before he retires. Then he can go on the speaking circuit and do crummy Sammy Davis impersonations of "My Way" while watching the economy tank. And to think he was voted in twice!
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    • Tue Nov 11th 09:06 AM
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      Rating: 0 0
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      This Market Is One of Opportunity
      China's even cheaper, with some decent real companies selling their stock for below cash value of the business. YZC is one.
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    • Tue Nov 11th 09:02 AM
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      Rating: 0 0
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      Be Very Afraid of Deflation
      "GM and Ford are not in trouble because of a inflation/deflation situation. They are in trouble because the products they produce are not competitive, low-quality, and overpriced. "

      Amen to that, nova.

      I was at my local Chevy dealer here in NY yesterday and noticed two spanking new Cadillac Escalade Hybrids on the lot. Gaudy bling-bling cars that really belong in Moscow or the mideast--wherever corrupt petrodollars exist IMO.

      Nearly choked on my coffee when I saw the pricetag--$79,000!!!--... these silly tacky ridiculous beasts. And when I asked the salesman how much gas the hybrids saved, he shrugged and admitted it was probably only 1-2 mpg. Any question re why GM is on the verge of bankruptcy?
      Sickness unto death indeed...
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