Archive for Market Commentary
Fleck – How Can They Call Themselves Professional Money Managers?
Posted by: | Comments1.28.10
Bill Fleckenstein gave a great interview with Eric King of King World News:
One of the best lines (paraphrasing)- “how could anyone who held financial stocks claim to know what he was doing?…How can they be managing money?”
great stuff – enjoy!
See Bill’s regular articles on MSN by clicking the link to the left – “Contrarian Chronicles”
Grant: “Do you know how good you have to be?”
Posted by: | Comments6.9.09
“Do you know how good you have to be to not make a mistake leveraged 20 to 1?”
Jim Grant commenting on Morgan Stanley being leveraged 40:1 before the credit markets crashed
This video is a good reflection on the credit crisis of last Fall. Here is Part 3 of a fun and informative interview with credit market genius Jim Grant:
Enjoy!
Chris Grande
Grantham – Efficient Market Hypothesis is “Dangerous”
Posted by: | Comments6.5.09
From one of the truly great rational money managers in the world, here is an interview with Jeremy Grantham of GMO in Boston on “what to do now.”
Enjoy!
Chris Grande
Spectacular Dylan Ratigan Interview
Posted by: | Comments4.22.09
Here is an excellent interview with Dylan Ratigan (of CNBC) on the problems US citizens have with the poor job our politicians have done in this financial crisis as they allowed (and like profited from) the total raping of our financial/banking system by some financial executives. He contends that we must start with FULL disclosure and that no one is forcing these companies to disclose.
Listen here: LINK
Enjoy!
Chris Grande
Monday Thoughts – Commodity Prices
Posted by: | Comments4.13.09
A strong underlying current of the recent market/economic rebound has been the rising prices of industrial metals and platinum group metals (PGM).
Copper and platinum come strongly to mind for a couple of different reasons. Copper, because it is used for water pipes and electric wiring, two highly important needs in a new construction project; Platinum because it is simultaneously a precious metal and an industrial metal used in catalytic converters, in high precision equipment, and for jewelry.
Are the rising prices reflecting an economic upswing? Or does it represent just a rebound off a ZERO-activity 4th quarter of 2008? Or in platinum’s case, a bounce off of an oversold low level for investors worried about inflation seeking haven in a precious metal?
Some Clues
Recently, South Korea ordered 55,000 tons of copper to refill depleted supplies, but, in the 4th quarter of 2008, no one ordered ANYTHING so there was bound to be a “bounce” up in orders and economic activity in 1Q 2009!
Copper ETN - Source: Yahoo Finance
Therefore, whether copper demand over the past 3 Read More→
Monday Thoughts – What About the Jobs?
Posted by: | Comments4.6.09
I was just listening to the Jim Rogers video (again) that I have on my front page. From time to time, you need to listen to wisdom to keep your head steady so this was a bit of a refresher.
Listening to Jim say “why should healthy economies bail out the US?” And that they should “take care of themselves” is very good advice for those countries and counters what our government is trying to do in encouraging the EU, etc to spend and stimulate the global economy back up to growth (or said better, back to its fantasy/inflated level of 2-3 years ago). There is a good chance that these countries will wisely Read More→
Had to Share Jimmy
Posted by: | CommentsJust saw this Jim Rogers interview in BusinessWeek and had to share:
Enjoy!
3.9.09 – Editor’s note: Had to add this other recent video where he says “Farmers will be driving Lamborghinis not bankers.”
Chris Grande
“Greenspan Took the Socialist Approach”
Posted by: | CommentsAs a follow up to my response to Charles Wheelan in my last post, who tried to claim that capitalism had failed the market because “free market Greenspan” had failed, I am posting a good interview with Jim Rogers where he covers this quite efficiently as well as outlines many of his other thoughts on Read More→
“I Think Mr. Bernanke is a Disaster”
Posted by: | CommentsMarc Faber – he outdoes himself every time he talks:
Enjoy! Oh and a bonus, Bill Fleckenstein:
Chris Grande
Marc Faber on China
Posted by: | CommentsI’m still in San Francisco and will be here for a while. I’ll keep my usual posting volume of every other day or so but as is typical with me, if one of my favorite wise men makes an appearance on TV, I will post it. Here is Marc Faber on China and the recession and other topics (various videos from CNBC):
Faber on Investing in Volatile Markets
Faber on Commodities (halfway through the video)
Chris Grande
Not Going to Say I Told You So – What To Do Now?
Posted by: | CommentsHello everyone – I am writing to you today from San Francisco where I am visiting a couple of clients; and when I’m here, I always take the opportunity to visit 2-4 investment companies (SF counts many interesting investing companies as residents – some of the better known are Dodge & Cox and Barclays, along with Matthews, Icon, and Pensco – a leading provider of self-directed IRA’s). Interestingly, this weekend is the start of Fleet Week where there will be among other events, airshows by fighter pilots. Also being Columbus Day weekend, there will be a fireworks show tonight in North Beach, the Italian (restaurant) section of the city.
Ok enough of the side-talk and let’s get to the point of today’s article. Read More→
Marc Faber on the Market & Gold
Posted by: | CommentsMarc Faber spoke this AM on CNBC regarding his view of the current markets and the money printing being carried out by central bankers. It’s a short video but it is also good anytime he speaks:
http://www.cnbc.com/id/15840232?video=880660896
Chris Grande
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Watch for the Next Leg Down (Plus Fleck on video)
Posted by: | CommentsI hope that the numerous videos of Marc Faber, Jimmy Rogers, and Bill Fleckenstein that I have paraded in front of you on my site here helped you avoid this calamitous stock market.
If, however, you simply read or watched, said “oh my” and then did nothing, then you really must have paid for your inaction. As of yesterday, the market as measured by the S&P 500 Index was down almost 19% for 2008 – how about that! Nonetheless, if you think that is the end, then you’ve got another thing coming. There is a high possibility that… Read More→