I believe a big trade is developing but not sure which direction. The Apple/Steve Jobs health dilemma is impossible to game. I want him to live forever, and I think he believes he can but I don’t trust the Apple PR machine on this one. I sold most of my Apple into this 10 point …
From: January 2009
Up, Down or Sideways?
At market tops and bottoms, no bell is rung. Do not expect to find one here. When push comes to shove, price action rules and although we are not going down these days, I see no real reason to get long. Here is what I continue to see: 1. All-Time Highs – Drizzle 2. The …
Black Swans, Yellow Goats and Pink Toads…
It has not taken long for me to get sick of the name Nassim Taleb. Big woop already, so he made a few already rich, stuffy people 65 percent on their money last year. Joe Nocera at The New York Times is the latest journalist to wax poetic (10 pages) about Taleb and also what …
Some 2009 Web Predictions From Some Bigshots
Charlie O’Donnell had an idea to mesh some video predictions together for 2009. My daughter Rachel was kind enough to quickly film mine last week and Charlie did a great job. He used two web services that I had never heard of to pull it together which with all the different formats sent, could not …
Schvitz Etiquette…We Have Chaos!
I am surprised by two things as 2009 begins: 1. The calm nature of the markets and Americans in General despite the savage losses of 2008. 2. The complete breakdown of ‘SCHVITZ’ etiquette. For you gentiles, ‘SCHVITZ’ is a yiddish term that means ‘SWEAT’ and that’s my term for a steam room. There are a …
Which Brands Will Go BYE BYE in 2009…
The year 2008 saw many brands disappear : RETAILERS * Mervyns filed for bankruptcy protection in July and began liquidation sales at remaining stores. * Linens ‘n Things filed for bankruptcy protection in May. It announced liquidation sales at its stores in October. * Steve & Barry’s filed for bankruptcy protection in July, then later …
ONE Tip for 2009 – Identity Theft Still Rampant so Sign up for Lifelock.com
I got this email from some very close friends yesterday who were asking to spread the word about their identity thefts: Feel free to pass this along to everyone. Over the past couple months Todd and I have been fighting an identity theft issue that arose because our mail was accidentally delivered to the Desert …