Congrats Stevie Cohen who has joined the ranks of Jon Corzine for buying off the US Government. The message I get is if you are going to cheat, cheat big, really big, because you can afford to buy your way out. I am pretty confident that Stevie will walk away but a ‘tipping point’ is …
From: March 2013
Silver, Gold, Bitcoins, Cyprus and The US Dollar…The Reckoning?
I am devouring a lot of ‘Chart Art’ from some talented people on Stocktwits today that really has me thinking about turning points. The best place on earth to discover ‘Chart Art’ talent is by following our ‘Suggested Stream‘ and our ‘Charts‘ stream. You can pop them out and leave them streaming on your desktop …
Fishing Where the Fish Are…The Stock Market and The Stocktwits Tape
When I was learning to fish on Lake Simcoe, my dad would spend all his time looking for certain rock piles or underwater trees. He had some favorite spots that were passed on by Indian guides and he was determined to pass them on to me. The idea was to catch fish and I learned …
Momentum Wrap – Biotech Stocks On Fire
New Highs 54 new all-time highs among stocks that gained 1% or more: AXDS ADUS VIPS GILD BCC HY N SPSC SUSS KEYW 93 new 52-week highs among stocks that were up 1%+ today. Some of the notable movers include: Enterprise software is still in fashion: $N $SSNC $SPSC Notable relative strength in biotech stocks. …
Bitcoin…The Jurassic Park of Currencies
You better learn how to code. Math and technology is winning over commodities in this epic run. Obama promised us infrastructure. I guess cheap servers used to build Bitcoin was what he meant by infrastructure. Jurassic Park has been unleashed in the financial world. The economists have been calling for a currency war. While they …
Expensive and Cheap…That’s for Televisions, Not Stocks!
Commodities can get expensive and cheap. Televisions can be expensive and cheap. Phil Pearlman…cheap. Divorce…expensive. Horses…Phetish Stocks are driven by mood and all kinds of supply and demand issues and the words expensive and cheap should not be reasons to own a stock. Wall Street has their fingers in this pie as well so caveat …
Headlines Matter – Just Not the Ones You Read! and the Dow Jones Plunges .0013 Percent on Cyprus Panic
It was just another how hum week of panic and missed opportunities in the market. My pal Phil calls it right with this wrap up post on the ‘Week in Cyprus‘. My friends at Alley Insider (I am a biased investor) were creating their usual breathless and awesome headlines and slideshows of all the great …
Twitter Turns 7 – Thank You WordPress.
Twitter turned 7 years old this week. It makes me more grateful than ever for WordPress. Without WordPress, I would not have learned to write with my own voice and style. WordPress is an awesome platform. WordPress is pretty damn open. Matt Mullenweg is really accesible. Matt is the founder and still pretty much in …
Stock Picking …Just Do It!
I love stocks. I am not ashamed. I believe stock picking matters, but I also believe in simple dollar cost averaging into low cost ETF’s. To each his own. Today’s wonderful stock picking factoid: Nike ($NKE) came public in 1984 at 22 cents (split adjusted). It is trading at the moment at all time highs …
Google is Eating The Internet…But You Don’t Have to Eat Their Food!
My partner and pal Phil is one of my fave thinkers and a great investor. He writes well too. I loved his piece yesterday on $GOOG (I am long) which was quite popular. It’s scary how much data and power Google has, but let’s be honest, they are less evil than the data scoundrels of …