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LATEST INSTABLOGS POSTS

  • Raising the Red Flags on Commodity ETF’s
     The July 26-August 1, 2010 print edition of  Business Week magazine put out a brilliant piece entitled “Amber Waves of Pain”  detailing how retail investors are getting fleeced when playing the agricultural and commodities ETF’s. The unwary are getting shredded... More »
    Jul. 31, 2010
  • Is “Snookie” our New Investment Guru?
     The ultra bears were sent packing in recent days, thanks to a spate of economic indicators showing some unexpected strength. Take a look at the chart below for rail car loadings showing an unequivocal spike upward. I warned last week that there was some positive action in this area (click... More »
    Jul. 31, 2010
  • Quote of the Day
    In Despicable Me, the latest animated children’s’ film from 20th Century Fox, the Bank of Evil, used to finance the nefarious deeds of villians, has listed under its name “formerly known as Lehman Brothers.”
    Jul. 31, 2010
  • Is Emerging Market Debt the New Prime Credit?
    Last year, I suggested emerging market sovereign debt ETF’s as safe, high yielding investments in which to hide out in case the equity markets swoon again. The stock market has looked pretty grizzly for the last three months, so let’s see how they performed. The Invesco PowerShares... More »
    Jul. 31, 2010
  • It’s Harder Than it Looks
     A recent piece at the underground website, Zero Hedge, by one “pivotfarm” resonated with me in explaining how hard it actually is making money in the market (click here for the link). It looks deceptively easy from the outside. You buy a share, watch it go up under its own... More »
    Jul. 31, 2010
  • Will Gold Coins Suffer the Fate of the $10,000 Bill?
    The conspiracy theorists will love this one. Buried deep in the bowels of the 2,000 page health care bill is a new requirement for gold dealers to file Form 1099’s for all retail sales by individuals over $600. Specifically, the measure can be found in section 9006 of the Patient... More »
    Jul. 31, 2010
  • The Residential Housing Market is Still Burning Down.
     Today, the Commerce Department reported that June new home sales, at 330,000, were up a blistering 24%. So is the crash in residential real estate over? It’s off to the races, right? Wrong! Much of the gains were cancelled out by whopping great downward revisions which caused April... More »
    Jul. 31, 2010
  • Quote of the Day
    “You ever wonder why fund managers can’t beat the S&P 500? It’s because they’re sheep,” said Gordon Gecko in the classic film, Wall Street.
    Jul. 31, 2010
  • The Problem With GM
    Like a heroin addict who just can’t wean himself off of the good stuff, General Motors is going back into subprime lending to finance new auto sales. Although the much diminished company is still over 60% government owned, and has made great strides at reforming its errant ways, they still... More »
    Jul. 31, 2010
  • Where The Economist “Big Mac” Index Finds Currency Value
    My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has just released its “Big Mac” index of international currency valuations (click here for the link). Although initially launched as a joke three... More »
    Jul. 31, 2010