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The Lows For The Year Are In
Reading Time: 4 minutesIt’s my opinion that we’ll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year. – Todd Harrison, “Have we seen the 2008 trading…
Citi Pulls A Merrill – CEO Prince Steps Down
Reading Time: 2 minutes“We estimate that there’s over $10 billion of write downs in the fourth quarter for the industry for banks and brokers.” – Mike Mayo (subscription required), Brokerage Analyst, Deutsche Bank Yesterday Citigroup (C) announced that CEO Chuck Prince will step down…
Newsweek Cover: The Recession Is Over
Reading Time: 1 minuteAnd here’s Obama commenting on the cover at a Town Hall meeting in Raleigh, NC Wednesday morning:
UBER $1 Trillion
Reading Time: 3 minutesGrowth stock investing is not my forte. I’m a macro guy first and a value guy second. But Uber (UBER) is a growth stock that is just too good to pass up. UBER is divided into two segments: Mobility and…
Markets Consolidate Gains, Wait On Fed
Reading Time: 2 minutes“Now the market smells a move by the Fed in two weeks.” – Jim Swanson, Chief Investment Strategist, MFS Investment Management. Quoted in “Fed’s Hints of a Rate Cut Cheer Markets” (subscription required). Today was actually a pretty positive day…
Another Eloquent Case For A Secular Bear Market
Reading Time: 2 minutesRight now being bearish is nothing more than being realistic. – David Hefty, Cornerstone Wealth Management I’ve never heard of David Hefty before but he makes a solid case for a secular bear market. He emphasizes three big problems: resets…


