LATEST INSTABLOGS POSTS

  • Oil’s Big Push on Corn
    You would think that with oil crisis levitating over $100/barrel and gasoline continuing its relentless march towards $5/gallon, farmers would be wringing their hands, wondering how they can afford the fuel for their machinery. Not so. The burgeoning demand for energy has spilled over to the... More »
    Mar. 7, 2011
  • Thursday, March 31 New York Strategy Luncheon
    The Mad Hedge Fund Trader’s Global Strategy Update will be held at 12:00 noon on Thursday, March 31, 2011. The event will be held at an exclusive private club on Central Park South.  A three course lunch will be followed by a 30 minute PowerPoint presentation and a 45 minute question... More »
    Mar. 7, 2011
  • Quote of the Day
    “A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender –often protected by a government guarantee—facilitates his fantasy,” said Warren Buffet.
    Mar. 6, 2011
  • Watch Out for the Millennial Voter
    I have been banging the table for years now about the importance of demographic trends for the economy, the financial markets, and the housing market. Well, politics is no different, as the table below of Obama’s approval rating shows. Millennials, who are now aged 18-29 (I have three of... More »
    Mar. 6, 2011
  • Conspiracy Theory of the Day
    A confidential report from the Pentagon just made public says that the 2008 financial crisis was the result of targeted attacks by terrorists groups. A ramp up of oil prices that began in 2007 led to the bear raids against Bear Stearns and Lehman Brothers in 2008. The final phase may be in place... More »
    Mar. 6, 2011
  • Why Warren Buffet Hates Gold
    The “Oracle of Omaha” expounded at length today on why he despises the barbarous relic. The sage doesn’t really care if the yellow metal hit an all-time high today of $1,440. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then... More »
    Mar. 6, 2011
  • Quote of the Day
    “Bankers will get away with whatever they can get away with…Our banking system is socially useless,” said an oversight body in the United Kingdom.
    Mar. 6, 2011
  • The Death of the Mutual Fund
    ETF’s are much more attractive than mutual fund competitors, with their notoriously bloated expenses and spendthrift marketing costs. You can’t miss those glitzy, overproduced, big budget ads on TV for a multitude of mutual fund families. You know, the ones with the senior couple... More »
    Mar. 6, 2011
  • Bidding for the Stars
    A few years ago, I went to a charity fund raiser at San Francisco’s priciest jewelry store, Shreve & Co., where the well-heeled men bid for dates with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled with champagne, I jumped into a spirited bidding... More »
    Mar. 6, 2011
  • The “New Normal” Calls for a Lower Market Multiple Range
    I am getting tired of the endless procession of perma bulls who keep insisting that, at a 15 times multiple, the S&P 500 is cheap. The last time I heard this was in 2000, when NASDAQ multiples went from 100 to 50, on their way to 10. Before that, it was in Japan in 1990, when multiples went... More »
    Mar. 6, 2011