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Dr. Stephen Leeb

 
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  • The Energy Paradox: More Is Less
    Tue, Jul. 8 USO, GLD, SLV 13 Comments

    Summary

    • Whether for unconventional oil or to protect the conventional sources, energy has placed a major albeit largely invisible break on worldwide economic growth.
    • Global annual growth in energy demand this century has run at roughly 2.4 percent, at the high end of prevailing ranges since 1973.
    • From 2000 through 2013, the world directly invested roughly $16 trillion in real dollars in global energy supplies; annual direct investments more than doubled in that period.
  • The Long Side Of Poor U.S. Policies
    Editors' Pick • Fri, Jun. 13 OII, CLB, SLB 90 Comments

    Summary

    • Short-term, I’m bullish on stocks and think any corrections should be brief - providing good buying opportunities. Longer-term, I'm much more gloomy on the U.S. outlook.
    • I especially like oil service companies such as Schlumberger, Core Labs and Oceaneering International.
    • A smart grid is designed to rapidly wheel power from varied energy sources nationwide. Through inaction, America retained a grid that in some cases predates Teddy Roosevelt's presidency.
  • China's Dream, Our Nightmare: How To Invest, How To Hedge
    Tue, May. 6 GLD, SLV 18 Comments

    Summary

    • Longtime students of China well know that it deploys an effective strategy proved over millennia: display weakness over strength to hide the strength.
    • By December 2015, China probably will have nearly 4 times as much electrical transmission cable as the U.S. Here, as with rare earths technology, China is no slouch.
    • I ruefully recommend aggressive hedges against the possibility that America falls further behind. Invest in gold and also silver, an alternative to the buck and important for solar energy.
  • The Long-Term Costs Of Trusting Things 'Flash'
    Fri, Apr. 25 AMZN, BRK.A, BRK.B 12 Comments

    Summary

    • The belief that computers and all things "flash," IT and high-speed can solve all America's problems imposes a high cost on everyone.
    • From 2000 to 2011, the Bureau of Labor Statistics recorded the largest gap ever between annual growth in U.S. productivity and yearly increases in compensation.
    • If the U.S. wants its economy to continue to rule the roost, we must harness computers to fashion long-term strategic goals and investors must start thinking longer term, like Warren Buffett.
  • Shifting Market Bodes Well For Stocks Like Deere
    Thu, Apr. 24 DE, SLB, CAT 11 Comments

    Summary

    • Recent movement in market averages and key stocks strongly suggests a shift in market leadership from growth stocks to cyclical and commodity-related stocks like Deere, Schlumberger, and Caterpillar.
    • Russia’s plans to buy and sell commodities like oil in rubles and gold parallels China’s massive and persistent accumulation of gold, and suggests a currency to rival the dollar.
    • There also remains the potential of an economic bloc to rival the U.S., namely between Germany, Russia and China, as I discussed previously.
  • Ukraine, Russia, Germany And The Real Threat Facing The U.S.
    Tue, Apr. 8 UNP, CP, WAB 32 Comments

    Summary

    • Recent dramatic events in Ukraine seemingly presage an East-West confrontation reminiscent of the Cold War but, long-term, a looming Russian-Chinese-German axis could prove more daunting.
    • Ironically, any Russian plan to barter goods for Iranian via oil could also make Russia the one country able to categorically prevent Iran from obtaining nuclear arms.
    • Profit by investing in rails--Union Pacific and Canadian Pacific, for example--leading rail parts supplier Wabtec, big oil service companies and a major U.S. alternative energy play, Berkshire Hathaway.
  • Is The Pentagon Handing China The Keys To U.S. Defense?
    Tue, Mar. 4 REE, UURAF, GE 10 Comments
  • Check Your Emotions At The Door
    Feb. 22, 2013 NG, NGD 16 Comments
  • Oil, Potential Bear Market Signal, Still Well Behaved
    Feb. 15, 2013 BNO, USO, OIL 13 Comments
  • Google: Apple's Successor... Only Bigger
    Feb. 6, 2013 AAPL, GOOG 29 Comments
  • A Proprietary Indicator Augurs Further Strength And Gains
    Jan. 30, 2013 AAPL, INTC, USO 2 Comments
  • What Intel's Situation Bodes For The Entire IT Space
    Jan. 24, 2013 ACN, IBM, INTC 45 Comments
  • Commodity Prices Continue To Be A Key Issue
    Editors' Pick • Jan. 16, 2013 AG, BIS, BRK.B 21 Comments
  • Good News For The Market From Congress And The Fed
    Editors' Pick • Jan. 9, 2013 HLX, TWI, ROCM 27 Comments
  • BHP As A Bellwether Stock For The Coming Year
    Jan. 3, 2013 GLD, JJC, RIO 1 Comment
  • Amazon: Anathema To Value Investors?
    Dec. 12, 2012 AMZN 119 Comments
  • A Bright Spot In The Global Economic Landscape
    Editors' Pick • Dec. 5, 2012 CHN, FXI, GDXJ 23 Comments
  • Fracking, Climate Change And What Gets Lost In The Shuffle
    Editors' Pick • Nov. 29, 2012 AG, EXK, SLV 757 Comments
  • Our 4 Top Picks In A High-Potential Space
    Oct. 24, 2012 NVR, PCL, RYN 2 Comments
  • One Company Is Growing By Leaps And Bounds Despite The Doom And Gloom
    Oct. 10, 2012 DLTR 3 Comments
  • Between Growth And Safety, The Shadow Of Fear
    Aug. 15, 2012 GD, IBM, LMT 2 Comments
  • China And Gold: A Puzzling Anomaly
    Editors' Pick • Aug. 7, 2012 CLR, GDXJ, MOS 72 Comments
  • The Anniversary Of An Historic Market Event
    Jul. 25, 2012 XOM, SLB, AAPL 3 Comments
  • Fukushima, Climate Change And Stocks To Watch
    Editors' Pick • Jul. 20, 2012 CAT, JCI, JOY 5 Comments
  • Not Your Father's Commodity Markets
    Jul. 3, 2012 DJP, GSP, LSC 6 Comments
  • 3 Outstanding Energy Sector Investments
    Editors' Pick • Jun. 27, 2012 NOV, SLB, OII 7 Comments
  • Silver, Copper, Gold... And China
    Editors' Pick • Jun. 20, 2012 GDXJ, GLD, JJC 21 Comments
  • Cyclicals To Salute In A Tough Market
    Jun. 6, 2012 INTC, JOY, SLB 3 Comments
  • America's Greatness And Technology
    Apr. 3, 2012 BMY, CBST, ELN 4 Comments
  • China's Headlines And What They Mean
    Mar. 7, 2012 FCX, AG, EXK 12 Comments
  • Good Bets To Profit From Fracking, NGLs
    Feb. 28, 2012 CHK, CLR, WLL 10 Comments
  • 3 Quality Stocks That Have Stood The Test Of Time
    Feb. 22, 2012 TIF, DIS, GLD 5 Comments