Volatility Means “I’m Losing My Shirt!”
Caroline Baum has been writing for Bloomberg for as long as I can remember. I recall viewing her articles straight off the Bloomberg machine in Woodside, California a decade ago. She has a neat way to call it like it is, and I always like to hear what she has to say. Click here for a link to her most...
Just What We Need
Investors relaxed as media reports of a government bail-out plan for subprime mortgage holders seemed to be taking shape. The idea is to freeze interest rates for homeowners whose mortgages are scheduled to balloon to higher rates that would push them into default. We are wary that any such plan will...
Trapped in a Bear Fund
Read an article at cbsmarketwatch today whereby the author mentions getting hit with email regarding bear funds and asking if now was the time to buy. Click here for the article. This is classic investor behavior. After a significant decline for the averages in November, we find investors now believe...
Home Stretch
December is here and 2007 is turning out to be a year many investors would prefer to forget. It is, of course, still possible that a Santa Claus rally will help the record books record an “average” year. Stranger things have happened. Yet the evidence suggests that whatever December brings,...
Crunchy Credit
If humility is a virtue, then the leaders of Citigroup may be some of the more virtuous people in New York. This week they agreed to sell $7.5 billion in convertible stock to an investment fund controlled by the government of Abu Dhabi, one of the United Arab Emirates. The terms of the transaction are...
