Investors Guide to the Galaxy
Good Investors Study History Along with Math
Albert Einstein defined insanity as doing the same thing over and over again while expecting different results.
Most people intuitively agree.
Despite that knowledge many traders fail to learn from well-documented historical experience. The chart below shows [Continue Reading]
By Paul Price
The Virtual Value Portfolio hit a new closing high today.
The original $100,000 stake has grown to $123,504 since our Oct. 26, 2012 inception date. We have accomplished this 23.5% return (36.5% annualized) without any leverage or use of options.
The benchmark Standard & Poors 500 [Continue Reading]
Biggest Bond Bubble In History Is Turning Into Carnage
Courtesy of Wolf Richter at www.testosteronepit.com
See also: www.amazon.com/author/wolfrichter
“We’ve intentionally blown the biggest government bond bubble in history,” confessed Andy Haldane, Executive Director of Financial Stability at the Bank of England, to Members of Parliament in London last [Continue Reading]
Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Cyprus' President Nicos Anastasiades has realized (as we warned), too late it seems for the thousands of domestic and foreign depositors who were sacrificed at the alter of monetary union, that the TROIKA's terms are "too onerous."
Anastasiades has [Continue Reading]
Courtesy of Lee Adler of the Wall Street Examiner
Lately the Wall Street and media noise machine has taken up the Fed bashing bullhorn in conjuring a “reason” to explain the recent selloff in Treasuries. In fact, the Treasury market has been in a bear market for almost a year, with yields making higher [Continue Reading]
U.S. Small-Caps Become Global Big Dog
Courtesy of Wade of Investing Caffeine
With the emerging market currencies and financial markets under attack; Japan’s Nikkei index collapsing in the last three weeks; and the Federal Reserve hinting about its disciplinarian tapering of $85 billion in monthly QE3 bond purchases, one would [Continue Reading]
Courtesy of Pam Martens.
A review of deeds and mortgages in some of the toniest towns on the East Coast reveals that not only is New York University financing luxury Manhattan brownstones and high rise condos for its faculty and administrators out of its nonprofit coffers, it has also been [Continue Reading]
Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Few others are better equipped to comprehend both the insiders' and outsiders' perspective on what the government, the Fed, and the banks are doing in this so-called 'recovery' than David Stockman. Nowhere does he detail this better than [Continue Reading]
We're going to live a virtual life, with virtual wealth, using virtual energy. Can it get any better?
Courtesy of James Howard Kunstler
Societies periodically go insane. Fallacious memes sweep through a frightened and confused populace and bad things happen, bad choices get [Continue Reading]
Courtesy of Larry Doyle.
Would you ever want to do business with an individual or an entity that lied to you? Probably not, right?
Should we add Bank of America to the list of those entities (financial institutions, regulators, our government) that have been less than forthright in engaging those with whom it was [Continue Reading]
Courtesy of Pam Martens.
(This column, with updates, runs periodically at Wall Street on Parade. Please consider emailing it to friends and family members.)
A study conducted by Edward N. Wolff for the Levy Economics Institute of Bard College in March 2010 made the following findings:
The richest 1 [Continue Reading]
In this week’s newsletter, we present reasons for being long stocks and discuss the “Taper.”
Click on link: Don’t Fear the Taper, 6-14-13.
Excerpt:
Quantitative easing (QE) programs, courtesy of the Federal Reserve, have pushed cash into Primary Dealer accounts at the fastest rate in history. [Continue Reading]
Courtesy of Paul Price
Five weeks ago I wrote that the Thomson Reuters Insider Transaction Ratio was screaming ‘caution’. An excerpt of that May 11, 2013 column is shown below:
“A normally reliable short-term indicator is looking bearish.
“Insiders, on balance, always sell more shares than they [Continue Reading]
Courtesy of Mish.
Reader Bernd from Germany (not Bernd Lucke, AfD anti-euro party leader) has emailed me several times since Friday about polls conducted by the German tabloid Bild.
Emphasis must be placed on the the word “tabloid” because intellectuals and academics do not tend to read the paper, nor even acknowledge its [Continue Reading]
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