December 7, 2011 - Quote of the Day
?Europe is in the terminal phase of its life,? said David Murrin of Emergent Asset Management.
Entries by DougD
There is a Method to My Madness
Take a look at the charts below, and you will see what prompted me to knock out some shorts on the S&P 500 (SPY) on Friday. The longer the current trading range in the index works, the more traders pile into it, confining it to an ever narrowing range. I am even hearing that fundamental
Europe Whispers the Magic Words
I heard the magic words today from German chancellor Angela Merkel and French president Nicolas Sarkozy: ?treaty changes?. That will be the gist of their joint proposal at the European summit this coming Friday to deal with the sovereign debt crisis. To me, this means that the two besieged leaders are finally biting the bullet
Testimonial
Dear John, I'm extremely passionate about markets and am already building a hedge fund at the age of 31. Please continue to be yourself and inform. I want to learn from you all I can to successfully understand the next likely moves based on your insights and reasoning. I just wish you were my uncle
December 6, 2011 - Quote of the Day
?Bull markets don?t die, they are killed by central bankers,? said JJ Burns of JJ Burns & Co., an investment advisor.
Trade Alert Service Posts a Blistering One Year 42% Return
Last week marked the one year anniversary of my Trade Alert Service, and subscribers could not be happier with the results. The first year return came in at 42.2%, putting us in the top one tenth of one percent of all hedge fund managers. By comparison, the S&P 500 Index came in wheezing with a
November Unemployment Plunges to 8.6%
The November nonfarm payroll came in at 120,000, better than the consensus. The unemployment rate plunged an eye popping 0.5% to 8.6%, the lowest level in 32 months and one of the sharpest contractions on record. Some 140,000 private jobs were added, bringing the 32 month total to an even 3 million, an impressive feat
December 5, 2011 - Quote of the Day
?If you measure the stock market not in dollars, but in gold, it is down 80% since 1999. I no longer regard the US dollar as a valid unit of account. People shouldn't value their wealth in dollars because one day, everyone will be billionaires,? said ultra-bear, Marc Faber, of the Gloom, Boom, and Doom
Hedge Funds: The New Dumb Money
Much of the fury in yesterday?s nearly 500 point ?melt up? in the Dow was generated by hedge funds panicking to cover shorts. Convinced of the imminent collapse of Europe, the impotence of governments, and the death spiral in sovereign bonds, many managers were running a maximum short position at the Monday opening, and for
December 2, 2011 - Quote of the Day
?Don?t get greedy. Don?t expect much. This is a single and double type of market. You?ve got to play it this way,? said Jeffrey Kleintop, a market strategist at LPL Financial.