Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
And,
What would his indices be based on if nobody ever bought , or owned, any individual names?
For the past three years, traders have made a killing buying the dips. Not today, says CNBC's Bob Pisani. After days of trying, buyers have now stepped away, staging a sort of "buyers strike" and leaving stocks to drift lower. That can be dangerous, Pisani warns, because spikes in the VIX, like what we saw today, leave the markets extremely vulnerable to big moves down over the coming days. [View news story]
The current consensus view of U.S. equity strategists is for investors to allocate just 52% of their portfolios to equities. This is the lowest allocation since March 2009, and the most negative they've been on stocks since the bull market began more than three years ago. "Sounds like a buying opportunity," says Bespoke co-founder and contrarian investor Justin Walters. Simply put, when strategists hate stocks most, it is usually near the best time to buy. [View news story]
Steven Cohen's SAC Capital Advisors sold off more than 1M shares of Apple (AAPL) in Q1, and increased stakes in several other techs, including Advanced Micro Devices (AMD), Cisco (CSCO), Oracle (ORCL) and Hewlett-Packard (HPQ). The firm also cut is holdings in the SPDR Gold Trust (GLD) and sold off sizable chunks of ExxonMobil (XOM) and Pfizer (PFE). [View news story]
General Motors (GM) faces a potential showdown with European unions as it tries to trim operations and return to profitability on the continent. One of the biggest obstacles standing in the way of the automaker is a labor deal that won't allow forced layoffs or plant closures before the end of 2014 - unless extremely weak economic conditions are cited. [View news story]
Sounds like economic conditions in europe are extreme.
President Obama's advance team might want to do a little more fact checking next time they send the president out with the housing crisis' latest "victims" to tout home refinance. The president visited a Nevada couple on Friday, describing them as “responsible” homeowners who owe more on their mortgage than it's currently worth. The fact is, the couple did a cash-out refinance in 2007, borrowing $178K off the equity in the home. Had they not taken that money out, and continued paying on the original mortgage, they would not be underwater today. [View news story]
Chrysler Paid the money back.
GM, yet to be determined how that will work out.
If the Gov't did not give money to a creditor (UAW) in bankruptcy, they may have been a bit less underwater.
But that's vote buying with "Other people's money."
President Obama's advance team might want to do a little more fact checking next time they send the president out with the housing crisis' latest "victims" to tout home refinance. The president visited a Nevada couple on Friday, describing them as “responsible” homeowners who owe more on their mortgage than it's currently worth. The fact is, the couple did a cash-out refinance in 2007, borrowing $178K off the equity in the home. Had they not taken that money out, and continued paying on the original mortgage, they would not be underwater today. [View news story]
Yes,
I have some trades I lost money on.
I want my money back.
Ironically, the Banksters think the same way.
I win, I win. I lose, you lose.
Just getting some taste of their own medicine I suppose.
Accountability is not very popular, while American Idol, I-Phones & I-Pads are.
Just two days after JPMorgan (JPM) announced a massive $2B trading loss, Pimco's Bill Gross comes to its defense, calling it one of the “best-run banks in the world." It’s a decently capitalized bank, Gross says, with $120B of Tier-1 capital. "That’s 10.5%, which is higher than the 9% U.S. average.” And capital quality, according to Pimco, is what you need to trust most in a situation like this. [View news story]
I'm sure they are Cronies, sharing common interests in some circles.
JPMorgan's (JPM) $2B trading hit is a big blow to the reputation of Jamie Dimon, a CEO whose image was, up until now, almost teflon. Dimon not only survived the financial crisis intact, but actually grew in popularity with the sage guidance of his firm through one of the toughest periods in its history. Unfortunately, as the adage goes, "you're only as good as your last trade" in the finance world. [View news story]
Losses can be avoided and profits increased, via reduction in the obscene compensation of these, "not really, very talented" individuals.
National Oilwell Varco (NOV) paid $800M for Schlumberger's (SLB) Wilson oilfield equipment distribution business, according to an SEC filing. The deal was announced last month, but financial terms were not disclosed until today; the price is in line with analyst estimates. [View news story]
Today's auto industry reality: Business is booming, profits are strong, but investors are indifferent. They want to see losses in Europe ending soon - not likely - and expanding margins. GM and Ford (F) are each down ~30% YTD; parts suppliers JCI and LEA aren't a lot better. An exception: Borg Warner (BWA), which has skied ~147% in three years. [View news story]
Federal authorities have charged 107 doctors, nurses and social workers with Medicare fraud today in a nationwide crackdown on mental-health scams that has already bilked the program of nearly $452M. In dollar terms, the take-down ranks as the largest Medicare bust in U.S. history. Community mental-health centers are the latest trend in Medicare fraud, a crime seems to continually morph itself into increasingly more-complex schemes as the years progress. [View news story]
After years of luring workers with the promise of lucrative pensions, state governments are now scrambling to revamp public pension policies in the face of massive budget crunches. Since 2009, 43 states have increased contribution requirements or changed the age when a retiree can get benefits, and the moves are now triggering a spate a legal and political battles over whether states are reneging on their promises to millions of public-sector workers. [View news story]
Why should the people be obligated to honor promises that never should have been, by past politicians, that said anything to buy votes?
GM plans to start negotiations next month about buying a 10% stake in Isuzu Motors (ISUZY.PK) as part of an agreement to jointly develop and sell commercial vehicles in Asia and Latin America, Nikkei reports. Any agreement might lead to Toyota (TM) selling its 5.9% holding in Isuzu, and would follow GM's link-up with Peugeot. [View news story]
The relationship goes back a very long time.
All one has to do is recall the Chevy Luv Pickup fron the ealrly 1970's
Vanguard's Jack Bogle takes advantage of Facebook's (FB) plunge and the negative impact it's had on the psyche of the retail investor to hammer home the merits of index investing. Bogle says: "It all comes down to value and it all goes away from price, and avoiding IPO's and avoiding individual stocks is the best strategy for investors." (video) [View news story]
What would his indices be based on if nobody ever bought , or owned, any individual names?
Time for the old Gheezer to retire.
For the past three years, traders have made a killing buying the dips. Not today, says CNBC's Bob Pisani. After days of trying, buyers have now stepped away, staging a sort of "buyers strike" and leaving stocks to drift lower. That can be dangerous, Pisani warns, because spikes in the VIX, like what we saw today, leave the markets extremely vulnerable to big moves down over the coming days. [View news story]
dips in the last 3 years?
TVIX was over a $100 last summer.
Even at that level, it still worked out.
This time, who knows?
The current consensus view of U.S. equity strategists is for investors to allocate just 52% of their portfolios to equities. This is the lowest allocation since March 2009, and the most negative they've been on stocks since the bull market began more than three years ago. "Sounds like a buying opportunity," says Bespoke co-founder and contrarian investor Justin Walters. Simply put, when strategists hate stocks most, it is usually near the best time to buy. [View news story]
At least for the time being.
You have bben warned.
FSLR, AONE
Steven Cohen's SAC Capital Advisors sold off more than 1M shares of Apple (AAPL) in Q1, and increased stakes in several other techs, including Advanced Micro Devices (AMD), Cisco (CSCO), Oracle (ORCL) and Hewlett-Packard (HPQ). The firm also cut is holdings in the SPDR Gold Trust (GLD) and sold off sizable chunks of ExxonMobil (XOM) and Pfizer (PFE). [View news story]
That's what they do.
General Motors (GM) faces a potential showdown with European unions as it tries to trim operations and return to profitability on the continent. One of the biggest obstacles standing in the way of the automaker is a labor deal that won't allow forced layoffs or plant closures before the end of 2014 - unless extremely weak economic conditions are cited. [View news story]
So, what's the problem?
President Obama's advance team might want to do a little more fact checking next time they send the president out with the housing crisis' latest "victims" to tout home refinance. The president visited a Nevada couple on Friday, describing them as “responsible” homeowners who owe more on their mortgage than it's currently worth. The fact is, the couple did a cash-out refinance in 2007, borrowing $178K off the equity in the home. Had they not taken that money out, and continued paying on the original mortgage, they would not be underwater today. [View news story]
GM, yet to be determined how that will work out.
If the Gov't did not give money to a creditor (UAW) in bankruptcy, they may have been a bit less underwater.
But that's vote buying with "Other people's money."
Corzine & Obama, two peas in a pod.
http://bit.ly/HAHsk8
President Obama's advance team might want to do a little more fact checking next time they send the president out with the housing crisis' latest "victims" to tout home refinance. The president visited a Nevada couple on Friday, describing them as “responsible” homeowners who owe more on their mortgage than it's currently worth. The fact is, the couple did a cash-out refinance in 2007, borrowing $178K off the equity in the home. Had they not taken that money out, and continued paying on the original mortgage, they would not be underwater today. [View news story]
I have some trades I lost money on.
I want my money back.
Ironically, the Banksters think the same way.
I win, I win. I lose, you lose.
Just getting some taste of their own medicine I suppose.
Accountability is not very popular,
while American Idol, I-Phones & I-Pads are.
"The Biggest Loser." How Ironic.
Just two days after JPMorgan (JPM) announced a massive $2B trading loss, Pimco's Bill Gross comes to its defense, calling it one of the “best-run banks in the world." It’s a decently capitalized bank, Gross says, with $120B of Tier-1 capital. "That’s 10.5%, which is higher than the 9% U.S. average.” And capital quality, according to Pimco, is what you need to trust most in a situation like this. [View news story]
JPMorgan's (JPM) $2B trading hit is a big blow to the reputation of Jamie Dimon, a CEO whose image was, up until now, almost teflon. Dimon not only survived the financial crisis intact, but actually grew in popularity with the sage guidance of his firm through one of the toughest periods in its history. Unfortunately, as the adage goes, "you're only as good as your last trade" in the finance world. [View news story]
Adapt or die.
National Oilwell Varco (NOV) paid $800M for Schlumberger's (SLB) Wilson oilfield equipment distribution business, according to an SEC filing. The deal was announced last month, but financial terms were not disclosed until today; the price is in line with analyst estimates. [View news story]
The correct symbol would be NOV
The Current Rally Is Coming To An End [View instapost]
There are many ways to make money in the market, varying based on one's strategy and timline.
Both yours, as well as Josh's can be effective when deployed properly.
Although you may disaggree with Josh's methods, his observations and comments are worth consideration for even a fundamental investor, imo.
As far as Josh's article, I agree. It was well written given the current conditions as applied to his preferred market strategy.
Today's auto industry reality: Business is booming, profits are strong, but investors are indifferent. They want to see losses in Europe ending soon - not likely - and expanding margins. GM and Ford (F) are each down ~30% YTD; parts suppliers JCI and LEA aren't a lot better. An exception: Borg Warner (BWA), which has skied ~147% in three years. [View news story]
GM, YTD rate of return 10.3%
F, YTD, 0.9%
Federal authorities have charged 107 doctors, nurses and social workers with Medicare fraud today in a nationwide crackdown on mental-health scams that has already bilked the program of nearly $452M. In dollar terms, the take-down ranks as the largest Medicare bust in U.S. history. Community mental-health centers are the latest trend in Medicare fraud, a crime seems to continually morph itself into increasingly more-complex schemes as the years progress. [View news story]
Who will investigate that one?
After years of luring workers with the promise of lucrative pensions, state governments are now scrambling to revamp public pension policies in the face of massive budget crunches. Since 2009, 43 states have increased contribution requirements or changed the age when a retiree can get benefits, and the moves are now triggering a spate a legal and political battles over whether states are reneging on their promises to millions of public-sector workers. [View news story]
That's what the bankruptcy process is for.
GM plans to start negotiations next month about buying a 10% stake in Isuzu Motors (ISUZY.PK) as part of an agreement to jointly develop and sell commercial vehicles in Asia and Latin America, Nikkei reports. Any agreement might lead to Toyota (TM) selling its 5.9% holding in Isuzu, and would follow GM's link-up with Peugeot. [View news story]
All one has to do is recall the Chevy Luv Pickup fron the ealrly 1970's