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Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
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Maz Jadallah is the founder of AlphaClone, a technology-driven investment management firm where he serves as CEO and Portfolio Manager. Prior to founding AlphaClone, Maz spent 12 years in senior financial analyst, strategy and technology management roles. Most recently Maz was SVP of Corporate Development at Nasdaq-traded OpenTV. Prior to that, Maz worked at Time Warner Inc where amongst other roles he served as Senior Director reporting directly to Richard Parsons, the then co-COO. Maz is a life long investor, a registered investment advisor representative and has a Series 65 license. He holds an MBA with honors in Finance and Management from Rollins College and a BS in Industrial Engineering from Texas Tech University.
About a year ago, a company asked me to write a daily blog for them. I told them that I’d never read a blog and had absolutely no idea how to write one but sure, if you want to pay me for it, I’ll give it a shot. It was either my good or bad fortune to start at the beginning of the credit crisis. Good because there was a lot to write about, bad because they didn’t really want me to chronicle and opine on the disaster of the day. Guess who won that standoff. But I was hooked on blogging, so I started my own blog, called it But Then What and here we are.
I’m not sure that credentials mean much when it comes to writing about things but people seem to want to see them, so briefly here are mine. I have an undergraduate degree in economics from an undistinguished Midwestern university and masters in international business from an equally undistinguished Southwestern University. I spent a number of years working for large banks lending to lots of different industries. For the past few years, I’ve been engaged in real estate finance – primarily for commercial projects. Like a lot of other finance guys, I’m looking for a job at this point in time.
Given all of that, I suggest that you take what I write with the appropriate grain of salt. I try and figure out what’s behind the news but suspect that I’m often delusional. Nevertheless, I keep throwing things out there and occasionally it sticks. I do read the comments that readers leave and to the extent I can reply to them. I also reply to all emails so feel free to contact me if you want to discuss something at more length. Oh, I also have a very thick skin, so if you disagree feel free to say so.
Enjoy what I write and let me know when I’m off base – I probably won’t agree with you but don’t be shy.
Visit my blog http://www.butthenwhat.com or follow me on twitter at twitter.com/tomlindmark.
Kathy Lien is Managing Director for FX Strategy at BKAssetManagement.com and Co-Founder of BKForex.com. Having graduated New York University’s Stern School of Business at the age of 18, Ms. Kathy Lien has more than 13 years of experience in the financial markets with a specific focus on G20 currencies. Her career started at JPMorgan Chase where she worked on the interbank FX trading desk making markets in foreign exchange and later in the cross markets proprietary trading group where she traded FX spot, options, interest rate derivatives, bonds, equities, and futures. In 2003, Kathy joined FXCM and started DailyFX.com, a leading online foreign exchange research portal. As Chief Strategist, she managed a team of analysts dedicated to providing research and commentary on the foreign exchange market. In 2008, Kathy joined Global Futures & Forex Ltd as Director of Currency Research where she provided research and analysis to clients and managed a global foreign exchange analysis team. As an expert on G20 currencies, Kathy is often quoted in the Wall Street Journal, Reuters, Bloomberg, Marketwatch, Associated Press, AAP, UK Telegraph, Sydney Morning Herald and other leading news publications. She also appears regularly on CNBC – US, Asia and Europe and on Sky Business. Kathy is an internationally published author of the best selling book Day Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game – all published through Wiley. Kathy’s extensive experience in developing trading strategies using cross markets analysis and her edge in predicting economic surprises serve as key components of BK’s analytical techniques.
I have over 25 years of Wall Street experience trading and managing risk in multiple markets. Early on I traded High Grade Corporates for Drexel Burnham. This gave me an in-depth knowledge of credit spreads as well as how and why they move. Later in my career I was Chief Dealer of Interest Rate Options for Barclays Bank Plc. in New York. This allowed me to gain practical knowledge of the derivatives market as well as how to manage option risk. Additionally I have built technical trading models and managed commodity portfolios for Tamiso & Company a CTA that has been in business since 1983 as well as my own small CTA, Market Strategies Mgmt., LLC.
These experiences formed the pool of knowledge from which I drew to build the CEC Strategy. A practical, in-depth understanding of credit spreads and optionality combined with well disciplined risk management learned from the commodity markets all join together to produce a trading strategy that produces high quality, low volatility returns.
Visit his websites: Market Strategies Management (http://www.marketstrategiesmgmt.com/)
Financial curmudgeon from birth, and mad as hell about the direction we are going. Born in New England and educated at the University of Chicago, Stockton enjoys reading the hundreds of financial articles and opinions put out everyday and tries to clarify the important ones and call "bluff" on the bad ones.
With over twenty years of experience in corporate management and financial analysis, and as a CPA, Bill offers his perspective on fundamental stock valuation and portfolio management. He wrote institutional research for Behind the Numbers in Dallas, worked at a hedge fund and also managed money for a large family office. Bill currently resides in the DFW area and manages private accounts.
Scott Grannis was Chief Economist from 1989 to 2007 at Western Asset Management Company, a Pasadena-based manager of fixed-income funds for institutional investors around the globe. He was a member of Western's Investment Strategy Committee, was responsible for developing the firm's domestic and international outlook, and provided consultation and advice on investment and asset allocation strategies to CFOs, Treasurers, and pension fund managers. He specialized in analysis of Federal Reserve policy and interest rate forecasting, and spearheaded the firm's research into Treasury Inflation Protected Securities (TIPS). Prior to joining Western Asset, he was Senior Economist at the Claremont Economics Institute, an economic forecasting and consulting service headed by John Rutledge, from 1980 to 1986. From 1986 to 1989, he was Principal at Leland O'Brien Rubinstein Associates, a financial services firm that specialized in sophisticated hedging strategies for institutional investors.
Visit his blog: Calafia Beach Pundit (http://scottgrannis.blogspot.com/)
Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics. He is a co-founder of The Baseline Scenario.
James Kwak is a former McKinsey consultant, a co-founder of Guidewire Software, and currently a student at the Yale Law School. He is a co-founder of The Baseline Scenario.
All opinions expressed here are those of the authors alone, and not necessarily those of the organizations with which they are affiliated or any other organization or person. Visit The Baseline Scenario (http://baselinescenario.com/ )
Great ideas are the lifeblood of the investment business and the exclusive focus of The Manual of Ideas. Authored by investment and finance professionals who have grown up on the teachings of Ben Graham, Warren Buffett and Joel Greenblatt, and have studied under or worked with luminaries such as Yale Chief Investment Officer David Swensen and Economics Nobel Laureate James Tobin, MOI delivers timely, differentiated investment ideas. In a market flooded with data and opinion, we deliver clarity.
GT McDuffy is read and followed globally by the world's top financial pros, as well as by members of Congress, international government and economic policy makers- along with numerous US Federal & State agency officials. He was the first person in the financial markets to correctly predict the end of the 2008 stock market crash & the ensuing March 2009 market rebound and 5-year bull run (against tremendous numbers of professional & pundit naysayers). McDuffy also invented the notion of disallowing short-selling on the bid price - now known as the "upbid rule" - which has been implemented into law via the SEC. Additionally, he was the first writer to champion reform in FAS 157 (mark-to-market) accounting- which was a key ingredient in the market rebound of spring 2009.
As a stock picker, GT's stocks have been approximately 80% accurate with average overall returns of almost 275%.
On a lighter note: McDuffy's article "Why Kudlow And Cramer Are The Sexiest Men Alive" is still Larry Kudlow's favorite link from his CNBC page (over 5 years running).
For booking information, please contact: email@example.com
Kingsley Anderson (pseudonym) is a long-time individual trader that primarily relies on technical analysis to decipher the markets. Before becoming a trader, he worked as an attorney at a law firm, handling such issues as financial and white collar crimes. He also served as a judge advocate in the U.S. Army for five years and continues to serve in the Army Reserve. Aside from his articles published on Seeking Alpha, one of Kingsley’s pieces will be published in Technical Analysis of Stocks and Commodities in the near future. Visit Kingsley's website: Trade the Breakout (http://www.tradethebreakout.blogspot.com)
James F. Wood is a retired Country Manager for Citibank in three Latin American countries.
At 71, James is devoted to analyzing markets and where our economy is going. He believes that the next few years will be some of the toughest we have had since the Depression which started in 1929.
The Options Insider.com (http://TheOptionsInsider.com) is the premier online source for free options information. From breaking industry headlines to detailed options education and advanced options analysis, you can find it all on The Options Insider.com. You can even subscribe to Options Insider Radio and ask questions in our Discussion Center, all at absolutely no charge. Our content is provided exclusively by options traders, brokers, market makers and others with a unique understanding of this marketplace. Our network of industry insiders allows The Options Insider.com to offer what other financial websites and print publications cannot - expert insight into the world of options. The Options Insider.com (http://TheOptionsInsider.com) was founded by Mark S. Longo, one of the most respected voices in the options industry today. Mr. Longo is an options trader and former member of the Chicago Board Options Exchange. He is also the creator of The Options Observer, a monthly examination of the options industry that appears in Traders Magazine. Over the years, Mr. Longo's analyses of the options market have appeared in a wide variety of domestic and international publications. As one of the few industry commentators with practical options trading experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complicated marketplace.
I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in Moscow. In 1996 I moved to the US, where I continued working as an IT professional, which is still my main source of income. I became a US citizen in 2006 and started investing in 1998. I had an extremely successful 1998 and 1999, very bad 2000 and 2001, then recovered. I mostly invest in what I know, which means mostly high tech companies, but wouldn't discard any opportunity. I'm trying to make my performance better and share my thoughts in my blog Muddling Investor (http://muddlinginvestor.blogspot.com/).
I have a background in banking, finance, and capital markets for over two and a half decades and can humbly claim to have some insights into the global and Indian economic environment with a good grasp of its underlying dynamics. This has been possible due to my exposure to the global and Indian environment when I was with Standard Chartered Bank and Oracle Finance (formerly i-flex solutions). I have also spent a reasonable time working with a boutique stock broking company where I set up debt dealing capabilities. I later headed their equity research desk during which period I had the benefit of interaction with many institutional investors. Currently I consult in the areas of equity research and corporate finance.
Deflation, debt destruction, money printing, unserviceable debt and impossible unfunded liabilities. One hell of a mess. Keep some cash around, some hard assets, maybe even some stocks. Live within your means. Don't assume your bank will be open tomorrow. Don't assume there will be food on the shelves tomorrow. Don't assume the electricity will work tomorrow. Be prepared. These are precarious times.
History/Trading Style: I have been trading for 12 years, since I was 15, and have studied a variety of trading techniques and strategies. I combine many trading philosophies and combine technical analysis, fundamental analysis, and macro-economic analysis into every trade. I mostly trade options and implement complex option strategies to take advantage of favorable risk-reward set-ups.
I also believe in industry specific metrics and am developing a trading strategy around these metrics.
As for technical analysis I use a variety of techniques, but favor trading triangles and basic trend line support and resistance in channels and breakdown/breakout patterns, with a major focus on volume on the moves.
I am a trend trader and will not fight a trend, because that is a losing strategy. I take pride in my stock picking ability and have had a lot of success in finding under the radar stocks that provide huge returns, and often find stocks that are eventually taken over.
Options provide the flexibility and leverage so that traders can make major returns in any market. I am an active trader and set strict profit taking targets and stop losses.
Education: Graduated Bentley University in 2005 with a bachelor's degree in finance. Graduated Boston University in 2007 with a master's degree in investment management. Passed Level 1 of the CFA in December 2006
Career: Most recently worked as an Equity Analyst for Thomson-Reuters on a new venture at ThomsonSquawkBox.com (http://www.ThomsonSquawkBox.com). I provided a wide array of live market analysis which includes but is not limited to swing trades, long-term trades, monitoring of the options market, option trading strategies, sector analysis, conference call coverage, earnings previews, trading tools, intraday trades, and other trading strategies. The product never got the chance to get off the ground as we launched when the market was crashing, so it was cut out of the budget.
I then started my own Company, OptionsHawk, where I provide the fastest, most thorough, and most accurate options analysis on Wall Street. I also design trading strategies and provide clients with live market analysis throughout the trading day. My clients are always on the inside, and the first to know, and we swing trade options with a high success rate.
Starting my own Company was the best thing I could have done and has opened up a lot of avenues. I enjoy not having a boss, taking lunch breaks at the beach, and not having to deal with the antics of the Corporate World. My analysis has been featured on Reuters, Bloomberg, and other financial publications.
Rakesh Saxena is a risk pricing specialist for Quote Platform Syndicate Inc. (http://www.quoteplatform.com/), part of a network of international risk buying and arbitrage pools. He has been active in the execution of derivatives and insurance contracts, and asset securitizations, particularly in relation to the emerging markets, for nearly three decades.
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.I've developed a market timing system that determines when it's best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what's going on right now in the markets, rather than reacting to daily fluctuations.View my personal blog http://zentrader.ca/
Peter Cooper is the editor and publisher of the ArabianMoney Investment Newsletter and ArabianMoney.net website. He was formerly a partner in AMEInfo.com, sold in a private equity deal in 1996. His book 'Opportunity Dubai: Making a Fortune in the Middle East' was a best seller, and his latest 'Dubai Sabbatical: The Road to $5,000 Gold' is a sign of where he sees the future. Peter is a Dubai resident and contributes columns to many local publications. He was a contemporary of British foreign minister William Hague at Oxford University.
Tom Evslin's career has taken him from nerd to CEO to novelist and consultant with a brief stop as Vermont's Transportation Secretary in the early 1980s.
Recently Tom was volunteer Chief Technology Officer for the State of Vermont. Immediately prior to that he was Chief Recovery Officer for the State responsible for coordinating the state's use of federal stimulus funds and focusing them on the priorities of universal broadband penetration, a smart electrical grid, e-health, and e-education.
Tom's novel "hackoff.com: an historic murder mystery set in the Internet bubble and rubble" (http://www.amazon.com/exec/obidos/redirect?tag=wwwtomevslico-20&creative=373489&camp=211189&link_code=as3&path=ASIN/0977464601) is available from Amazon in hardcopy or Kindle form. A short story "The Interpreter's Tale" can be downloaded to Kindle(http://www.amazon.com/gp/product/B003MGK9XW?ie=UTF8&tag=wwwtomevslico-20&link_code=as3&camp=211189&creative=373489&creativeASIN=B003MGK9XW). His personal blog Fractals of Change is at blog.tomevslin.com.
Tom was cofounder (with wife Mary), Chairman and CEO of ITXC Corp. The NASDAQ-listed company grew from startup in 1997 to the world's leading provider of wholesale VoIP and one of largest carriers of international voice minutes of any kind by 2004 when it was acquired.
He conceived, launched, and ran AT&T's first ISP, AT&T WorldNet Service. WorldNet popularized all-you-can-eat flatrate monthly pricing for Internet access and forced the rest of the industry, including AOL and MSN, to follow suit. Tom has been blamed and praised for this ever since. He is unrepentant.
At Microsoft, Tom was responsible for the server products now in Microsoft BackOffice including Microsoft Exchange and for Exchange's predecessor Microsoft Mail.
Tom went to Microsoft when key assets of Solutions, Inc. (a software company he founded and he and Mary ran) were sold to Microsoft. In the 1970s Solutions developed the first commercial EFT software for banks. In the 1980s Solutions was the first developer of commercial communications software for the Macintosh.
Tom is on the boards of the Vermont Telecommunications Authority and the Vermont Clean Energy Development Fund. In the private sector, he is a board member of FeedBlitz LLC.
For many years Tom was Policy Chairman of the Voice on the Net Coalition and a member of the organization's Board of Directors.
Tom is an inventor on eight granted US patents.
Avery B. Goodman is a licensed attorney concentrating in securities law related cases. He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law School and is a member of the Bar, licensed to practice law in several jurisdictions.
Mr. Goodman serves on the roster of neutral arbitrators of the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). His career has consisted not only of prosecuting cases on behalf of clients, but also in sitting in judgment on the cases involving others, and making important decisions on intra-industry and customer disputes.
An independent investor for decades, Mr. Goodman has observed that markets are being subjected to frighteningly high levels of disinformation. Investors desperately need to hear logic, reason and common sense. For that reason, he is now sharing thoughts with the community.
Dave Young is the president and founder of Paragon Wealth Management (http://www.paragonwealth.com/) in Provo. After graduating with his bachelor's degree in 1980, he started his career as an entrepreneur. He successfully started 12 businesses in the early 1980s.
In 1986 he decided to sell his businesses and invest the proceeds, but was unable to find an investment company that met his needs. As a result, later that year he began managing his own portfolios. Dave continued to research to find the best methods to invest that would produce most profitable returns. He believed in his methods so much that he invested his life savings and started Paragon.
Over 20 years later, Dave continues to invest and research ways he can improve his business to serve his clients better. His methods have attracted national and local attention. He has been interviewed by BusinessWeek, CNBC, the Wall Street Journal, the Deseret Morning News and other national and local media. Visit ParagonWealth.com (http://www.paragonwealth.com/) to learn more about Dave or Paragon Wealth Management.
Peter Morici is a Professor of Business at the University of Maryland. Prior to joining the University, he served as Director of Economics at the U.S. International Trade Commission. He directed the agency's professional economists working on ITC investigations and provided international economic policy advice to the House Ways and Means and Senate Finance Committees, U.S. Trade Representative, Council of Economic Advisors, and other government agencies.
Dr. Morici received his Ph.D. in Economics from the State University of New York at Albany in 1974. From 1974 to 1976, he taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration, and in 1978, moved to the National Planning Association in Washington. At NPA, Dr. Morici served in positions of increasing research and managerial responsibility and was elected a Vice President in 1983. Dr. Morici joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993.
An acknowledged expert on international economics and agreements, macroeconomics, and industrial policy, he has advised many leading corporations and governments regarding trade and regulatory issues. He serves on the Reuters macroeconomic forecasting panel. His views are frequently featured on CNN, Reuters Financial Network, Bloomberg News, CNBC, ABC, Fox, National Public Radio and Broadcasting, and the BBC, and in columns on the opinion pages of newspapers and portals in the United States and abroad.
The Ford, Rockefeller, Sloan, Donner, and several other foundations have supported his work. He is the author of 18 books and monographs. Among these are: Reconciling Trade and the Environment in the World Trade Organization; Labor Standards in the Global Trading System; Antitrust in the Global Trading System: Reconciling U.S., Japanese and EU Approaches; Setting U.S. Goals for WTO Negotiations ; The Trade Deficit: Where Does It Come from and What Does It Do; Free Trade in the Americas: An Architecture for Hemispheric Integration; Trade Talks with Mexico: A Time for Realism; Making Free Trade Work: The Canada-U.S. Agreement; and Reassessing American Competitiveness. He has published widely in leading public policy and business journals such as Foreign Policy, International Economy, Regulation, Asian Wall Street Journal, and the Harvard Business Review.
I am the founder and director of three companies: Euro Pacific Capital (www.europac.net), a full service, registered broker-dealer and RIA which specializes in foreign securities; Euro Pacific Precious Metals (www.europacmetals.com), a gold & silver coin and bullion dealer; and Euro Pacific Asset Management (www.europacificfunds.com), a fund management company that is building a family of mutual funds based on my economic philosophy.
I am most well-known for accurately and publicly predicting the collapse of the housing and credit markets, the subprime crisis, and the increasing price of gold relative to the US dollar, resulting in the viral YouTube video "Peter Schiff Was Right."
I fly around the country and the world speaking to diverse groups, from academic conferences to Tea Party rallies. I have also appeared regularly on cable news stations since the mid-2000s trying to warn people of the impending economic collapse brought on by destructive fiscal and economic policy in Washington.
To that end, I published my first book, "Crash Proof: How to Profit from the Coming Economic Collapse," in early 2007, predicting the 2008 economic crisis while the mainstream commentators were saying it was impossible. Then, at the height of the crisis, I released "The Little Book of Bull Moves in Bear Markets," in which I showed readers how to help protect their finances in turbulent times. I've written updated versions of both Crash Proof and The Little Book since then, talking about how my predictions fared and why the worst of the crash is still ahead of us. I also wrote a book with my brother based on a popular comic book my dad wrote in the '70s. "How an Economy Grows and Why It Crashes" is an illustrated fable that starts with three guys on an island and uses allegory to explain exactly how we got into our current mess.
In the 2010 election season, I ran for the US Senate seat of retiring Senator Chris Dodd in my home state of Connecticut in order to bring attention to the mounting problems in this country. While I did not win the seat, my message of fiscal and monetary sanity was brought to a new audience of voters and political leaders.
I've had a regular video blog on YouTube since 2009, called The Schiff Report (www.youtube.com/user/SchiffReport) and, after giving up my long-running Wall Street Unspun podcast, I am now the host of a nightly radio show called The Peter Schiff Show (www.schiffradio.com).
“Measure, Don’t Model” - Don Fishback has been a pioneer in the field of derivatives for 24 years. In the late-1980s, Don’s original research helped create a revolutionary way of analyzing market sentiment. In the mid-1990s, Don developed an innovative way of valuing options that is based on measuring instead of modeling. Don is the President of Fishback Management & Research. After years of providing ground-breaking research for his customers, Don made available his analysis and commentary via his blog (https://www.donfishback.com/blog/).
I am a strong believer and advocate in the strength of the U.S. capital markets amid the global growth story.
My intentions are to focus on investments with a long-term perspective. Personally, I am a proponent of dynamic hedging and risk mitigation with any portfolio. However, I recognize that many people are not familiar, or entirely comfortable, with using derivatives and options to manage risk.
So, from that perspective, I try to maintain a focus on recommendations that are less speculative and are suited to meeting a strict criteria of fundamental analysis relative to their presence that defines the sector as a leader or best of breed; or that the particular security and underlying instrument trades within reasonable valuations, as opposed to chasing momentum with day trading scenarios.
Please visit my site at http://staticrhetoric.com/blog