June 19, 2012 - Quote of the Day
?If past history is all there was to the game, the richest people would be librarians,? said Oracle of Omaha, Warren Buffett.
Entries by DougD
Greek Conservative Win Sends Shorts Fleeing
The victory of the centrist pro bailout New Democracy Party in the Sunday Greek elections sparked a furious rally in the overnight Asian markets, much of it driven by hedge fund short covering. The socialist, anti-bailout parties went down in flames. As I write this on Sunday night, the Dow futures are trading up 78
The New Deflation Definition
It seems that all you hear about these days is deflation. That is certainly what the bond market is telling us, with my screen blaring at me a miserable 1.58% yield for the ten year Treasury bond. But there is a new definition for this economic malady that applies to we hapless consumers. In the
June 18, 2012 - Quote of the Day
?For the last 20 days, I feel like I have played psychologist more than I have played money manager,? said financial talk show host, Kyle Harrington.
Be Careful What You Wish For
The wild whipsaw movements in the markets on Thursday reminded us once again how dependent they have become on monetary stimulus from central banks. As if we needed reminding. Almost simultaneously, officials from the US, Japan and the UK hinted at a coordinated move at this weekend?s G-20 meeting in Cabo San Lucas, Mexico. Let?s
June 15, 2012 - Quote of the Day
?This is not 2008 or 2009. People are getting overblown with this hysteria. We are only 10% off the highs and have only given back gains. It?s like your wife may have been expecting diamond earrings and now she got a blender,? said Alan Knuckman, chief trading advisor at onestopoption.com.
The Nationalization of the Bond Market
I was as stunned as anyone when the yield on the ten year Treasury bond (TLT), (TBT) plummeted to 1.42% two weeks ago. Predictions that long dated government paper would reach subterranean Japanese levels, considered loony as recently as a few months ago, are now donning the mantle of respectability, and even plausibility. Where will
Revisiting the First Silver Bubble
With smoke still rising from the ruins of the recent silver crash, I thought I?d touch base with a wizened and grizzled old veteran who still remembered the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered
June 14, 2012 - Quote of the Day
?For Europe to be competitive, to reflect the seizing up of the economy, you need a Euro that is at par or lower,? said John Brynjolfson, managing director of hedge fund Armored Wolf
June 13, 2012 - Quote of the Day
?To get rich is glorious!? said Deng Xiaoping, the Chinese general who launched the country?s modern economy in the seventies.