The Dow stood up on its hind legs yesterday – up 208 points. Gold rose $1. The dollar continues to fall. What to make of it? Well, it could be we’re wrong about this market. There seems to be a lot of money eager to get into stocks. It’s mostly fund managers and institutions. They [...]
There’s a great deal of debate about where gold is headed next, but at least one billionaire investor has more than made up his mind. Thomas Kaplan, the chairman and chief investment officer of Tigris Financial Group, fears excessive government spending has failed to stop contagion in the world financial system, and that the downturn [...]
Front and center this morning, the euro (EUR) has lost more ground overnight, falling to a 14-month low, trading below 1.25 for the first times since March of 2009. Recall, that in March of 2009, the risk assets turned on a dime, and it wasn’t too far into spring that everyone was dumping dollars again… [...]
Buy early and hang on. Such was the investment process of Thomas Rowe Price. Price is most famous for founding the investment firm that bears his name. But he was a very successful investor in his own right. He was an advocate of buying obscure or out-of-favor growth stocks. In general, Price bought growth stocks [...]
Every crisis comes with political baggage. This morning, the US Justice Department is said to be “requesting” that certain hedge funds reveal their bets against the euro. Under pressure from their EU counterparts, say rumors making their way around the Internet, the Department of Justice is tracking down fund managers who attended a particular dinner [...]
Chris Mayer is winging his way to Australia with a few select subscribers as we write… but we suspect he’d chuckle at this news: 97% of all stock mutual funds are down from where they stood at the beginning of 2008. According to Morningstar, the average stock fund rose 35% last year… but that wasn’t [...]
Investors take note: Fund managers can trump business fundamentals during a rally. Cramer explains how they do it. Original Source >>>
It’s a big day for Stocktwits as a farm system of talent in the financial world. From our blog: Professional traders who use the Bloomberg terminal to monitor markets and news can now get access each day to a selection of some of the best tweets from StockTwits. Bloomberg is well known for its News [...]
Since it peaked in 2007, the UK stock market lost 60% of its value. As of yesterday, it had recovered half of what it had lost. All over the world, the story is about the same. Markets have recovered half or more of what they gave up. The US is a laggard. While the S&P [...]
