Ames Tiedeman

Which Contrarians Are Correct About the Stock Market?

The market has made a huge move. Those who have said to short it have been wrong for months. With low rates and all this liquidity one would be taking great risk in proclaiming a market top. Is this a massive bear market rally? History says it may indeed be. History is not always correct. Severe caution is advised.

Aldia, Inc. Driving Value: Changed Course, Above Par Performance

It is now under 3.50

Buy Walgreen's to Benefit from Obama-Care

I am not sure who is going to benefit from Obamacare. Here is his plan:

What Obama wants to do is to get the Public Option which will then crowd out private insurance over the next 20 years. In 20 years if the Public Option is adopted then you will have no private insurance. Obama and the Democrats want to kill private health insurance. I doubt we will have many good Doctors in 20 year if this happens either....Obama wants a complete take over of the health care industry. All the savings he talks about is all lies. It is laughable that he talks about "Rugged Americans!" Also, how many millions of people will lose their jobs when private insurance is killed off?

Stay Away from AIG - Barron's

Stay as far away from this name as possible. It has been bid up by uneducated retail investors and short covering. Do the math. Negative tangible equity means the common is worth ZERO!

The Case for Shorting Bank of America

Great article. I noticed the divergence too and have wondered what is going on. It is not just the RSI. Look at the MACD on BAC. It has been in decline in the face of a rally in the shares since August 6th.

Analyst Call on Baidu: Why Most Calls Are Useless

Bidu is soon to be a short. I expect it to go down in September and/or October.

Marc Chandler's Compelling Perspective in 'Making Sense of the Dollar'

Give me a break. The United States has not had a trade surplus since 1975. We have not had a trade surplus with Japan since April, 1976. Our first post WWII trade deficits with Europe hit in 1983 with the BMW craze and never went back into surplus. We had a trade surplus with China in 1982, with Russia in 1988. The U.S. was a creditor nation up until 1987. We were the largest creditor nation in 1980. We are now the largest debtor nation the world has ever known. We are not a wealthy nation, but a broke nation. This book is more of the same. An attempt to justify sending more jobs and dollars overseas. I suppose this author thinks it is a good thing that we are sending billions to the middle east for oil instead of tapping our own Natural Gas and getting off foreign oil. One cannot white wash what has happened. We are broke..We produce too little and we consume too much. The collapse of the dollar tells us this..

MACD is bearish on all indexes.

MACD is bearish on WFC and BAC as they move higher. Makes one wonder if a correction in the banks will materialize soon.

Crude Oil: Where to Next?

The oil trade is now down for the next 2-3 months..

Palm: Morgan Advises to Sell on Weak Sales

PALM is done. From 1 to 16 to 13.50 now. Who will buy this phone? Also, PALM needs cash. I read they are burning about 75MM per quarter. When they issue another secondary watch it call to 9.000

Market Is Neither Bear Nor Bull, But 'Cowardly Lion' - Katsenelson

History has not been repealed. This is a BEAR MARKET RALLY. Go study history.

Doug Kass Turns Bearish: Zigging When Others Zag

Further, We blew up a credit bubble and the American consumer has stopped spending. Goldman Sachs has suggested the U.S. Saving rate will go to between 6-10 % from -4%. Go study the 1970's, We are headed backwards, people.

Doug Kass Turns Bearish: Zigging When Others Zag

If you overlay the chart of the DOW from October, 1929 to March, 1930, it looks almost exactly like March 2009 to August 11th, 2009. Both periods were 5 months. Both periods experienced a 50% recovery in the DOW. What do I think well happen next? Answer: The markets will be hammered in September and October. In April 1930 the market started a 24 month bear market that broke the previous low set in October, 1929. Paul Tudor Jones is correct. This is a BEAR MARKET RALLY. How low do we now go? No one has a 100% positive answer but one must look at history. History does not lie.

The Federal Reserve Is Immoral

The dollar has lost 97% of its purchasing power since 1913. Enough said. End the FED! How can we say we live in a free market economy when the cost of money is fixed by a body called the FED? END THE FED!

Insiders Continue to Sell, Sell, Sell

September and October are historically bad months. Why will 2009 play out any differently? It won't. Many people elect to get short by Mid August and stay short until November. So many stocks and indexes are pushing up against resistance. Look at the charts. This market is extremely over bought.