Featured Story: The All American Investor
The All American Investor
America's finest quality is that it has no memory!Three months ago, the topic of the day was which window to jump from; today all I hear is how hot the market is. This morning's conversation on "Squawk Box" was how the market has moved 24 percent and maybe there is too much exuberance.Too much exuberance? Last October we were wondering if there would be a run on the banks. Now it's too... Read More >>
More News
The Ethnic Theory of Plane Crashes According to the new book Outliers by Malcolm Gladwell, countries that have high PDI's (power-distance index) respect authority more and are less likely to speak up to or challenge superiors. The evidence cited is the case of a Korean Air flight where the...
Not All Predictions Are Created EqualT. Boone Pickens thought oil was going to hit $150 last year and go up from there. I don't mean to pick on him. He's worth about $3 billion. He's earned his stripes. I have nothing but respect for the man. Pickens wasn't the only person who got 2008 wrong....
Employment Data Dominates Calendar, Earnings Season Starts Again The economic calendar wastes no time getting off to a busy start in the first full week of 2009. The Construction Spending report for November this morning leads off the week, and carrying over from last year, it should show a continued slowdown. Until the...
Gold is in Play Very few investments held up as well as gold in 2008. Gold started the year at $838. It closed the year above that level, which means it has closed higher in nine out of the last ten years! That is a powerful bull market. It is just now getting warmed up.The...
Where the Sales AreRetailers hoped that Christmas would ultimately save them from a bad season. It didn't happen. It seems that most of us took recession worries seriously and stuck to our vows not to overspend on holiday gifts. Through Christmas Eve, sales this December fell...
A Big Shakeout In Retail Is Coming In 2009 It comes as no surprise to anyone who has set foot in a mall this holiday season that retailers are struggling. The Sunday before Christmas, I went to Target in the early afternoon for some last minute gifts. When I went to checkout, the express line for...
IDE Blogs
Apply Liberally Wow, can you believe it, it's that time of year. I hope you have planned to allow yourself a liberal amount of fun this season... that you'll imbibe liberally, as well as be liberal in the exercise...
Techies and Middle Class: Unite!C.L. reminds me of the lead character, Howard Beale (played by the great British actor Peter Finch) in the great 1976 movie Network who screamed, "I'm as mad as hell, and I'm not going to take...
Ready Yourself for a GM BankruptcyIt was pretty amazing. Last Saturday I wrote about GM. Not only did I write about GM, but I also talked about how I felt they should get government assistance. I only received one bit of reader...
Speaking of Destruction - Cheap and Good versus Cheap and GoneIn a sidebar last week I mentioned that newspapers were falling rapidly to Internet dominion at last—the work of creative destruction. It caught the eye of a veteran of the process. From Bob...
162 Billion Reasons Why History Will Repeat Itself Over the last couple of weeks, I have written a couple of articles telling you why I think 2009 is going to see the market turn around and then the economy is going to turn around.  I received...
Half Way to HellThe US is in a mess that will inevitably be seen as one for the ages. Comparisons will be made with the Great Depression of the 1930s but that one won't hold a candle to the presently unfolding one....
Technology For Electric Vehicles Is Moving, Only It Is In Reverse My previous articles on General Motors and the EV1 generated quite a bit of reader feedback, and many of you asked the same question: If GM could build the EV1 to go up to 150 miles on a full charge...
The Start Of The Next Rally Investors respond to bad news, and our information services love to dish it out. We have been subjected to a non-stop 18-month pounding of nothing but negative news about the economy, the current...
An Investing Lesson from Bernie Madoff Petty criminals go to jail, while the biggest criminals of all are promoted, appointed and elected to the highest positions of power. Bernie Madoff didn't exactly run the country. But he did run one...
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