After yesterday’s huge sell-off I wrote: What say I? DON’T PANIC. Jim Cramer always likes to say: “Nobody ever made a dime by panicking”. In fact, this is the time to have trust in your reasoned convictions and double down. …
Great! Right after I tell everybody to go long the S&P 500 by buying call options the market has it’s worst day in 6 months. The Jan07 SPY 137 calls that I recommended lost a third of their value today…
The Wall Street Journal ran a great article on Monday titled “How Skepticism Can Fuel a Rise: A Rally Too Good to Believe Also Has Cash Waiting to Enter; Acute Optimism Is What to Fear” (subscription required): ‘It is taking…
When I opened up The Wall Street Journal first thing this morning I could hardly believe my eyes. The front page announced two monster deals: Private equity firm Blackstone’s acquisition of Equity Office Properties (NYSE: EOP) (subscription required), the #1 office…
Milton Friedman, the great popularizer of free markets and “Monetarism”, emphasizing the importance of monetary policy in contrast to Keynes emphasis on fiscal policy, is dead at 94. Friedman was one of the important intellectual voices in the movement towards…
In an article posted today on Yahoo! Suze Orman writes: A financial advisor who makes all of his or her money on commission for the investments you buy and sell obviously has an interest in getting you to do alot…
As I wrote a few weeks ago, in my review of Yahoo!’s 3rd quarter, changes in stock options accounting made Yahoo!’s quarter seem worse than it was. In an aside in that post, I also mentioned my criticisms of the…
One often hears that there is no point in voting because millions and millions of people vote so that no one vote makes much of a difference. But, looked at another way, your vote counts more than you might think. In…
A couple weeks ago, regarding the so called “Rebuild California” propositions and their effect on outstanding state of California debt I wrote: If you are an owner of State of CA municipal bonds, as many people are because the interest is…
As I previously wrote, Proposition 90’s complexities regarding regulatory takings have led to doubt and confusion, even among some supporters. Some opponents have pointed to all the lawsuits that have resulted from Oregon’s eminent domain law that passed in 2004. However,…