Archive for Market Commentary
The Future of Energy
Posted by: | Comments7.19.2010
Curious about how the energy industry will play out in the coming years? Will we wean off of oil or continue to be enslaved to black gold? Will some new technology take its place?
Extremely well-respected resource investor Rick Rule lays out his thoughts on the coming years in energy in this excellent inteview:
Rick Rule
Rick gives maybe one interview every quarter so we don’t see or hear from him often – but when he appears, it pays to listen.
Pounded
Posted by: | Comments5.6.2010
When the market goes up steadily for 12 months in a row with only one small hiccup (February), I knew that the next move would be sudden as I’ve mentioned in past articles.
Not sure what happens tomorrow but interesting points to take away from today:
1. As the Euro currency and region gets pounded, the dollar and Yen are rising as safe havens. Both will have their day in the dark, but for now, they’re considered safe. As an aside, I was short the Yen for a few makes but took profits once I got the first clue that the Yen would rise on weak market days. Since my overall view was that a correction was imminent, I didn’t want to be in the Yen. I’m sure this trade will come up later.
2. Interestingly, gold has been rising the past few days as the dollar has been rising. In the bull market up til 2007, and in correction of 08/09, we had stocks up, gold up, stocks down gold down. Now it appears gold may be going its own way. That has yet to be proven though. I do think massive buying by Europeans is adding to demand.
Let’ s see what happens. I have noticed that shorting the retail sector has been a good hedge to a diversified portfolio since the retail sector has risen much higher than the market indices this year.
note: just watched the market (DJIA) fall over 1,000 points then pop back up. Apparently an erroneous trade entry caused a blip in trading which scared the poop out of a lot of people. It was an interesting day.
disclosure: Currently long XRT puts
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→