Believe it or not, but based on the classic Wall Street definitions, we’re in a new bull market. As of last Friday, all three major market indices recovered more than 20% from their March 9 lows.
Last week, Forbes magazine released its annual list of billionaires. No surprise, the rolls shrank.
Let me start off with a morsel of clarification. I don’t hate gold. I own it, or more accurately, an interest in gold via gold mining shares.
Going green may be fashionable among some investors right now, but Lou Baseness of Investment U points out you need to be a cautious investor when shopping for stocks in the green sector.
Here he distinguishes the pros, the cons and how you could profit on the “largest speculative bubble” he has ever seen.
Income investing is a good idea in today’s hostile markets. But Louis Basenese says General Electric’s (NYSE:GE) high dividend doesn’t compensate for the company’s current problems. Louis recommends TEPPCO Partners (NYSE:TPP), a master limited partnership with a solid revenue stream and ample liquidity.
In the darkest hours of the market, we need to be looking for the next bull. Louis Basenese says the lessons from history show that traditionally riskier small-cap stocks could actually be the smartest bet right now.
Louis Basenese says those calling the death of the US dollar as the world’s reserve currency are forgetting one vital detail: there is no alternative right now. In addition, more global rate cuts, de-leveraging and uncertainty should sustain the current dollar rally for a while longer. Louis selects three ways to profit from this trend.
Forget unemployment. Inflation. Consumer confidence. Personal Incomes…
You can even ignore the ever-popular gross domestic product (GDP).
Most of the indicators that the market relies on to forecast the future are worthless in this type of environment. The truth is the data coming out of the traditional economic indicators isn’t current. By the time it’s being reported, the information is already weeks or even months old.
If you want to know when the global slowdown that’s erased $28 trillion in wealth (so far) will finally reverse course, pay attention to the obscure Baltic Dry Index. And nothing else. Here’s why…
What Is The Baltic Dry Index?
Despite the name, the Baltic Dry Index has nothing to do with markets in Lithuania, Latvia or Estonia. Instead,…
I’m no stranger to controversial stock market predictions. In fact, a few weeks ago I angered an entire room of investors at the Agora Financial Symposium with my latest trio of “crazy” recommendations…
If you think subprime was bad, wait until “prime” hits. The whole mortgage market mess is going to get much, much worse, according to a report in The New York Times.
The paper reports today that although the first wave of subprime mortgage defaults is peaking, a second and far more damaging wave of defaults in building – this time in the alt-A and prime mortgage brackets.
Alt-A mortgages in arrears quadrupled to 12 percent in April from a year earlier. And delinquencies among prime loans, which account for most of the $12 trillion market, doubled to 2.7 percent over the same period.
