Value Investors Assemble
The equity markets are in their second worst start to a year in history, the crypto-mania is showing (long awaited) signs of death, and there is the growing risk that we are already in economic [...]
Robinhood’ Told To Jump – Robinhood’ Asks How High?
The hottest story of 2021 so far is WallStreetBets. WSB is a Reddit forum that has made headlines after members' successfully triggered short squeezes against many hedge funds. While many investors study short interest to [...]
Monkey See Monkey Do
"The market drama surrounding GameStop Corp. is spreading ever further beyond Wall Street, whipsawing stocks from Amsterdam to Sydney as traders race to bet on where the flood of retail money might head next." ~ [...]
Is it Time To Dump Gold Stocks?
As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell? The concern, for the uninitiated, is that [...]
Just Another Mania Moment?
Shares in Wish List holding American Shared Hospital Services skyrocketed yesterday on more than 3.4 million shares traded (or more shares than had been traded in all of 2020). While these gains were not warranted [...]
Did Bill Gates Break Warren Buffett?
In the first quarter of 2020 Berkshire dramatically raised its cash position while stock holdings fell, sequentially, by 27%. In other words, during the largest collapse in Berkshire’s equity holdings since 4Q08 (when Buffett was [...]
Buffett’s Infatuation With a “terrible long-term asset”
At the height of the 2008 panic, when all seemed lost, out peered a wise man by the name of Warren Buffett:“So ... I’ve been buying American stocks. This is my personal account I’m talking [...]
Fed Buys Junk
It took a lot of money and/or or electronic equivalents for the Federal Reserve to paper-over the 2008 meltdown. Moreover, the process of bailing out the insolvent U.S. financial system took many years, and the [...]
The Return of Bill Ackman
In recent weeks one of the most notorious book talkers in history, Pershing Square’s Bill Ackman, has been at it again:“Ackman’s extraordinary doom-laden appearance on CNBC, in which he revealed he had evacuated his family [...]
Strange Days Indeed
In the last 3 trading sessions the Dow has logged two of its top six worst percentage declines in history. The Fed, already out of traditional rate cut ammo, is almost certainly contemplating more extravagant [...]