Tag Archive
Nasdaq Might be a Better Buy in the Short-Term
Get The Wall Street Journal for 75% off! The markets are up really big since March. But while the S&P and Dow Jones are up 37% and 30% respectively, the Banking Index (BKX) is up 135%. Needless to say, a good amount of the upswing in the market has been caused by the Banking Index.... »
Don’t Buy What You Don’t Understand
A friend of mine asked me recently: “Would do you think of Citibank’s stock. I understand the current situation of the finance sector, but what do you think of Citibank?” This is not the first time someone has asked me. A cousin of mine told me he bought Citibank at $5 and I told him... »
Wall Street Bail Out
The government opened up $700 billion to our banking institutions. Some argue that Hank Paulson is partial to his friends at Goldman Sachs. Afterall, these same companies paid out millions of dollars in bonuses to their execs just last year – execs who are supposed to safeguard investor interests. First, the mortgage crisis was... »
Top 5 Life Changing Events in 2008 – The Year That Was
We still have one month left in the year, and while there could be a melt-down or two yet, 2008 will certainly go down in the annals of history as one of the most brutal, most controversial and certainly the most interesting year that we will ever have seen in our life times. If... »
Jim Rogers still Bullish on Commodities, Bearish on the Fed
Jim Rogers, famed author of Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market and Investment Biker: Around the World with Jim Rogers, and chairman of Rogers Holdings is still bullish on commodities. The original bull on commodities has long been a staunch believer in commodities including metals, agriculture and energy... »
Sell Goldman Sachs
Financials look worse everyday. Today’s AIG move, along with Lehmann’s precipitous fall is alarming. I am looking to get out of my Goldman Sachs (GS). Everyone keeps talking about the fact that these are the smartest guys. I can’t believe they while Bear, Lehman and everyone else screwed up so bad that GS did... »
E-Trade Financial Stock Carries High Risk-Reward
E-Trade Financial (ETFC) has had its share of problems. A few years back, E-Trade was the biggest competitor to TD Ameritrade and the stock traded together with the brokerage stocks. Yet, since the mortgage headlines began to hit the wires last year, the stock has dropped from $23 to $3 today. In fact, the... »
Blackstone Group should be bought
Blackstone Group (BX), which went public at around $30 per share just last summer, is now selling for less than $20. Mr. Blackstone himself bought some shares last week. I think that at these levels, BX is a buy. Incidentally, with interest rates low and going lower, and company valuations 15% lower than they... »
Time to Buy Financials
With the market looking like it put some kind of bottom on Wednesday, an financials rebounding the way they did, it is time to buy the beleagured names like Citigroup (C) and maybe even some Merrill Lynch and Morgan Stanley here. These stocks have gotten too cheap and the risk/reward is certainly favorable at... »
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