Stocks
Credit Card Defaults To Increase Losses For Banks
The credit crisis in the financial community continues. Despite the markets rallying off of mid-March lows, we’ve been hit by a string of bad news. Starting it off was Wachovia (WB). The board of this $43 billion bank ousted their senior management. The shares promptly fell to a new 52 week low. Then came Webster […]
Shipping Stocks Offer Big Profit Potential
“I just bought a boat,” my friend Eli announced a while ago. As an investment banker I was used to people spending their huge bonuses on extravagant things. First class vacations, Patek Philippe watches, new Porsches and Mercedes, new homes, second homes, and of course boats. What surprised me was the state this boat was […]
Using The VIX To Gauge Market Sentiment
Professional investors focus on lots of different details. Some focus on fundamentals, some focus on price action, some look at both. Every investor is looking for an edge. If you can figure out what other investors are thinking, you have a definite edge. That’s why many professionals focus on the VIX. So I know what […]
P/E And P/S Ratios
As an investment banker I traveled extensively. I had the opportunity to work in countries as diverse as Taiwan, Singapore, Great Britain, and France just to name a few. During my travels I loved nothing more than meeting people from those countries. While we may have spoken different languages, the language of business was always […]
Warren Buffett Buying Shares Of Kraft
Have you ever had a problem you couldn’t solve? A project that you had never done before? You had no idea where to start? I know I have. We all have. So what do we do? We seek out someone with experience and knowledge. Someone who’s “been there, done that”. Most self help gurus and […]
Avoid Auto Manufacturer Stocks
I’m always amazed at the stupid things people do. From criminals who videotape their crimes to the way some celebrities act, I’m always astounded. Think Paris Hilton, Britney Spears, and Michael Jackson just to name a few. I’d like to think that the business world is different . . . but it really isn’t. It’s […]
Steps To Take With Your Portfolio In A Bear Market
Are you scared yet? I’m looking at the news of the Bear Stearns (BSC) bailout – now takeover – and it makes me sick. I know I wrote about this very topic Friday, but this is a huge news event and you need to know what’s going on. You need to know the truth. This […]
JP Morgan & The Fed Try To Rescue Bear Stearns
Today major news hit the markets and we’re down more than 230 points on the Dow. This is getting scary folks and is no joke. In the last 24 hours, investment banking giant Bear Stearns (BSC) suffered a major liquidity crunch and is on the verge of collapsing. JP Morgan Chase (JPM) and the Federal […]
