I get a magazine called Stocks. In last week’s stock magazine there was a short article on the investing habits of 2,300 private people worth a total 60 million USD. This study was commissioned by Barclays Wealth.
Before I continue, look at the following image which represents my political leanings (courtesy of www.politicalcompass.org). I have repeatedly taken this test and it always comes out to the same thing: Slightly right, quite a bit libertarian.
Ok what to do with Russia? It seems that there is a new power struggle yes? Between the West and Russia, yes?
Well, not so quick. My brother who works in Russia and keeps me up to date with the events within the land has a different story. Essentially what is happening in Georgia is very similar to what happened with Kosovo. The difference is that Kosovo wanted to be nearer to the West and the Georgian states want to be nearer to Russia. But we can debate this issue round and round and round.
The real question is what do you do with Russia? Answer it depends on your nationality.
Fastmoney and many on CNBC say, "oh look how bad things are in Germany and how we are doing better. And how bad things will get in Europe"
"Debit cards are making us more resilient in this recession… oh wait.. let me take that back…"
CNBC did an entire 3 hour expose on Buffett and I.O.U.USA. Well I don’t agree with everything. Two of his points that stuck with me are as follows: When the tide goes out you will see who is swimming naked, and it seems Wallstreet was a nudist beach. If you apply for a mortgage using (more…)
Oil is up over 5 dollars, and why is that? It’s Russia! It’s Fay and its potential to hit something! Oh it’s the rebels in Nigeria that are being rebellious! WHATEVER!!! Want to know why oil is up? It’s because Goldman said the following: LONDON, Aug 20 (Reuters) – Goldman Sachs (GS.N: Quote, Profile, Research, (more…)
I have two points in this blog entry; analysts that annoy me, and fund managers have capitulated.
It looks like CNBC America is playing with their cast of hosts and giving fresh blood some air time! Good for you CNBC America! Good for you for trying! You make me want to watch CNBC America again!
In a blog posting Jason asks what he is missing regarding Garmin. My answer is that he is missing nothing! This is one those stocks where I was burnt because I jumped in too earlier (still long and will wait this storm out). BUT my basic premise of GPS which I have commented on many times stays.
So why is Garmin down? Because they missed by a bit! The real problem with Garmin is their short interest. Garmin has been on the RegSHO list for 60 days and is naked shorted to the hilt! (Hey SEC you are doing fine, but wake up and start handing out fines!) Garmin has 10 days of volume in short interest. It is absolutely insane!