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Tomlin “Not Gonna Be Presumptous”
A lot has been said about Steelers coach Mike Tomlin. One thing I know is that he has the right attitude. Traders can learn a few things from the coach [VIDEO]:
Keith: . . . is your offense better than their defense?
Tomlin: . . . a lot of times the match ups that don’t get the headlines are the ones that decide the outcome of the game.
Check out what he says 6 minutes into the interview when Keith asks him about the Cardinals:
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David Goldman’s Diabolical Scenario
I said the other day that David P. Goldman is one of my faves. Finally found the January 16, 2009 podcast where he shared his diabolical thoughts as to how banks will be fixed [PODCAST].
Enjoy!
NFLX – Netflix, Inc.
It’s back from the dead as investors stay home, eat pizza and watch movies.
NFLX, Daily Chart Relative to the Russell 2000 Index
Yes, Netflix (NASDAQ:NFLX) is on fire. In addition to being on a certain widely-circulated “100″ list, it has a lot of cheerleaders.
CNBC FastMoney
With Netflix subscriptions up 25%, people are staying at home and downloading movies. People are looking for more, says Pete Najarian. He points out that the stock has been up seven dollars in three days, and he thinks waiting to jump into the profits is a good move.
They executed a transition I actually [...]
The S&P 500 Burmuda Triangle
I know, I know. Everyone says it’s a head and shoulders bottom.
S&P 500 Index, Daily Chart
But data suggests it’s a consolidation…
Good Bank/Bad Bank, Day 3
Charlie Gasparino got the “scoop” that the good bank/bad bank pig ain’t gonna fly [VIDEO]. Quelle surprise!
CLICK TO VIEW VIDEO
But never fear. Krugman has a plan:
The Geithner put
If the reports are right, the plan is to buy up some of the troubled assets — but only those that have already been written way down. The Obama team doesn’t want to buy up the assets that haven’t been written down. For the rest, the Feds will offer a guarantee protecting the banks against large losses.
As best I understand it, the reason not to buy up assets that haven’t [...]
Allstate Not in Good Hands?
There was bad news from Allstate yesterday.
Allstate, Daily Chart
Are investors starting to clue in that annuities = liabilities?
Allstate shares slide on big investment losses
Standard & Poor’s Ratings Services downgraded the company and warned that there’s been a “significant deterioration” in the capital adequacy of Allstate’s main businesses.
Allstate now has $8.8 billion of unrealized losses. The insurer said it can hold these assets until they recover.
“The unrealized losses were the big negative surprise,” said Paul Newsome, an analyst at Sandler O’Neill.
“They were much larger than the realized losses, although those were pretty big too.”
Analysts and investors usually focus on [...]
VOLC – Volcano Corporation
A scan performed after the close for “the 50/200 cross” trade setup found
Volcano Corporation (NASD:VOLC).
Daily Chart with 50- and 200-day Moving Average
Volcano Corporation (VOLC)
Volcano Corporation is designs, develops, manufactures products that seeks to enhance the diagnosis and treatment of vascular and structural heart disease. A JP Morgan analyst is bullish on the health care sector and was also bullish on VOLC. The company recently finished its acquisition of Axsun Technologies.
Relative Momentum vs. Russell 2000 Index, Daily Chart
We applied our relative momentum indicators to the daily chart. They show the company outperformed the benchmark index until mid-December. [...]
Peter Schiff: Right Forecast, Wrong Plan?
This is a big problem in the investment world. A strategist makes a guess (I mean, forecast) and then decides on a course of action. What this means is that he must guess two things correctly: the macro picture AND the way market participants react. Most often, the strategist gets one right, the other wrong:
Right Forecast by Schiff, Wrong Plan?
Peter Schiff predicted a collapse of the U.S. financial system. The bust-up he didn’t foresee was the one that made mincemeat of investors who took his advice in 2008.
Mr. Schiff’s Darien, Conn., broker-dealer firm, Euro Pacific Capital Inc., [...]
GMCR – Green Mountain Coffee Roasters Inc.
A scan performed after the close for “the 50/200 cross” trade setup found
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR).
Daily Chart with 50- and 200-day Moving Average
Green Mountain Coffee Roasters (GMCR)
Green Mountain Coffee Roasters is in the specialty coffee industry. Their biggest competitor is SBUX which we know recently announced poor earnings.
Even though GMCR has earnings that surprised to the upside, Stifel Nicolaus downgraded GMCR citing “sales of K-cup portion packs of coffee, used in Keurig single serve brewers, have not kept pace with sales of the brewers themselves.” Meanwhile, Zacks has
Gold, How Analysts Hedge Their Bets
Joachim Fels & Spyros Andreopoulos of the Morgan Stanley Global Economic forum wrote a piece [archived copy] called:
Could Hyperinflation Happen Again?
Clearly, this is an extreme scenario. Governments and central banks would have to jettison their commitment to long-term fiscal sustainability and keeping inflation low, and the public would have to lose confidence in their credibility. Given the reputation that central banks have built up, and given the commitment of central bankers to maintaining low inflation, a return to high inflation or even hyperinflation would seem to us to be no more than a distant possibility.
However, given the size of [...]
Gold, a Thorny Issue for Managers
Even though I spent most of my working life in the securities industry, I was only a broker for a short time back in 1987. I was just not good at handling clients. Bad at sales. Good at trading.
So when I saw Mebane Faber’s post yesterday, it immediately brought back memories:
A Simple Post on Gold
This is going to be the most subjective and least quantitative post out of the 500 odd posts I have written. I am not a gold bug, and while I have written that gold shares are attractive relative to gold [...]
Gold Climbs to 3-Month High
Can you hear them all screaming, “It’s a breakout!”? Probably time to update the chart, eh?
Bloomberg reported:
Gold Climbs to 3-Month High in London as Fund Demand Increases
Gold in the SPDR Gold Trust expanded by 1.3 percent to 843.59 metric tons, according to data on the company’s Web site. ETF Securities Ltd.’s holdings also reached a record. Bullion is set for a 4.4 percent jump in January, the third straight gain.
“We are only hearing bad news across Europe, the U.S. and the Far East,” Afshin Nabavi, a senior vice president at MKS Finance SA, one of Switzerland’s four bullion [...]
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