Up, down, up, down it would seem that the entire market has gone nuts. I have also taken my time to post a blog entry talking about the state of the market. Part of it due to a cold I was working off, and other part is that I am busy finding buying opportunities.
I’m speaking on a panel that will hopefully help some Bryn Mawr and Haverford students get jobs after college. You can see me 7pm EST on 3/18/2008 at this link: http://www.haverford.edu/cdo/opportunities/events/
I wanted to provide a counterpoint to some recent articles posted on Investorgeeks that have suggested commodities are not a good place to invest. More specifically, that the commodities boom is a high risk area of investing and potentially a giant bubble.
I have a different opinion. I personally feel that investing in commodities is the only way to ensure in the coming years that your portfolio is not decimated by hyper inflation.
The Present State of the US Economy
Before we discuss this further, we need to do a quick summary of the present state of the US (world) economy:
I will be releasing my market sentiment blog entry tomorrow, and it is positive. Though what I want to comment on is how the world has changed for the better. What do you think it was? I will not keep you in suspense, but the world changing event is the fact that the Fed has (more…)
He says you should dump Nokia. Why? Because of comments made by TI. Cramer you are a dumb ass! Sorry cannot put it simpler. Cramer do you ever bother to do some basic research on companies? I have a love hate relationship with you, but the more I watch you the more I see that you are a trend trader and not value investor. So quit the act, ok?
Cramer says that Nokia is feeling the heat from Apple, and Motorola. LOL, yeah whatever Cramer. That’s like saying Toyota is feeling the heat from Porsche and Ford.
People have asked me in the recent week why I don’t buy this commodity rally. I gave it some thought, and came to a conclusion that it is like flipping houses.
Before you continue reading, what did you think of those that flipped houses? What did it do to the market and what are the ramifications?
Did you see what happened today? One day and folks on CNBC went from “sell sell” to “hey maybe its time to build up a position.” This is funny because you need to ask yourself, what happened? After all we had market technicians saying, “the world is coming to an end.”
Cramer talked about ABB and selling ABB into a rally because you can pick up ABB cheaper. In fact you hear it everywhere. Sell into the rally.
Is it right to sell into a bear rally? I decided to pursue this using numbers and came to conclusion that selling into a bear rally is wrong. This is based on the assumption that you are out of the market wanting to get in, and not in the market wanting to get out.
Jim Cramer yesterday said that we have yet to reach the bottom in the banking sector. He talked about how there is not yet a banking run and that Citi traded in the 5 dollar range. What Jim Cramer said is that we are still not near the bottom. So is Jim right? Was 1990 (more…)
At the FT.com there is an article with insight that says: Commodity bull run has a long way to go.
