All Posts Tagged With: "Justice Litle"

How Contrarians Can Beat the Bear

Editor’s Note: General Motors is back in the 50s, at least in terms of its share price. The Dow Jones is in a bear market. Starbucks is downsizing its US presence. But Justice Litle says contrarian investors shouldn’t fear the doom-and-gloom economic news. There is always a bull market hiding somewhere among the bears. Finding it is what makes a great contrarian investor…

Starbucks Throws in the Towel

In a sign of the times, the mighty Starbucks (NASDAQ: SBUX) is in retreat. The iconic coffee company will be closing 600 U.S. stores and laying off as many as 12,000 employees.

How to Profit From Shorting Newly-Listed Tech Stocks

Editor’s Note: Justice Litle says new and exciting tech start ups often face a heavy dose of reality in the year after their IPO. It’s stock price falls off the peak it has climbed. This, says Justice, makes clever short plays a lucrative strategy…

Two Strong Buys in a Tough Market

So I had a flashback recently. (Not an acid flashback, mind you — never tried the stuff — but a market flashback). It was almost 10 years ago on the nose: August 1998. I was a wet-behind-the-ears college grad, and I’d just flown into Reno/Tahoe for a job interview with Commodity Resource Corp. I’d never seen Tahoe except in pictures (though, of course, I’d heard how amazing the place is).

I’d Like to Buy the World an Ounce (of Gold)

It was nearly 40 years ago, in 1971, when photogenic people from a few dozen countries got together on a hill top and sang, “I’d like to buy the world a Coke.” In one of life’s little ironies, President Nixon shut the gold window that same year.

Anatomy of a Double Play

Last week was a thing of beauty for the bears. The major indexes were all hit hard, with the Dow and the S&P looking ready to explore new depths. The Dow also closed below 12,000 on Friday, an area of psychological importance.

Hurricanes and Heat Waves Put Natgas Traders on Edge

Natural gas prices are up about 75% from the beginning of this year. With all the fuss over crude oil and the cost of food, it’s easy to overlook what a dramatic move this is. But natural gas could have even further to go.

Corn Prices Hit All-Time High

Corn prices surged to a record high today following flooding the Midwest.

Reuters reports that “front month July corn on the Chicago Board of Trade rose to a contract high of $7.57-3/4 a bushel, up more than 3.5 percent from Friday’s close, while July 2009 soared to an all-time peak of $8.07.”

Get ready to pay through the nose for food, says Brian Hunt in DailyWealth:

The states of Iowa and Illinois are the world capitals of corn production. Over 27 million acres there are devoted to growing corn.

Midwest Flooding Pushes Corn to New Record

Flooding in the Midwest and fears of crop damage caused corn prices to climb in Chicago for the eighth consecutive day — their biggest gain in 11 weeks. Prices are expected to hit $8 a bushel by next week.

Corn is in trouble because of the wet spring that has drenched the midwest,” says Justice Litle in Taipan Daily.

Yesterday, the USDA said in a report that American corn output will be down significantly from last year’s estimate.

BP Battles Russian Billionaire Partners

The relationship between BP and the shareholders in its Russian joint venture, TNK-BP, Russia’s third largest oil firm, has very publicly fallen apart, reports Britain’s The Guardian newspaper:

Yesterday BP and the Russian shareholders were forced to acknowledge differences over strategy, with the Russian billionaires who own 50% of the company arguing that TNK-BP, Russia’s third-largest oil producer, should be able to expand abroad even if that meant its coming into direct competition with BP itself.

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