The quote of the day comes from Marc Faber via Fleet Street News:
Meanwhile, the cop who had the Wall Street beat when the biggest heist in history was going on… and who engineered the loans to AIG and GM… is now the chief of police. Tim Geithner said he was working night and day on [...]
market wizards's tag archives
Marc Faber: “The feds poured the gasoline and lit the match. Now they’ve joined the fire department
Mar
1,444 views
Marc Faber: Dr. Doom goes bullish
Mar
In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker’s dream. We’re talking about Steven Leuthold, Bill Fleckenstein, Fred Hickey, Jeremy Grantham and Marty Fridson. Let’s add Marc Faber here as well.
2,489 views
Louise Yamada: Dow could hit 4,000
Mar
This prediction does make for a scary headline and gets Louise Yamada some buzz. But, Yamada is a technical analyst and is saying absolutely nothing about the fundamentals here. You should also note that Jeremy Grantham has said similar things about the S&P hitting 450.
4,265 views
PIMCO: “Stay under the umbrella”
Mar
I was just discussing the recent revelation by the Federal Reserve’s Don Kohn that the Fed has secretly been aiding the banking sector via AIG (here, here and here), when it was pointed out to me that a number of smart investors have been following the “follow the bailout money” meme. Witness Warren Buffett.
He [...]
Is the U.S. stock market close to bottoming?
Mar
After another brutal day in the market, whether the market is bottoming does not seem like the question on most people’s minds. Ten stocks declined for every one up today — and on heavy volume. Retail investors are clearly switching into cash and bonds judging from the recent price action. Yet, an increasing number of long-time bears are becoming ever more bullish as the market declines. Witness famous investor Steven Leuthold.
889 views
Fleckenstein: Protect yourself from Financial Armageddon with gold
Mar
Bill Fleckenstein is a well-known money manager and write over at MSN Money. He has been fairly bearish on the medium-term outlook for U.S. equities and technology stocks in particular for some time. His viewpoint stems from what he sees as a reckless monetary policy. Witness his book, “Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve.”
Jeremy Grantham: “Pull the trigger”
Feb
In a Fortune article about how the market is hitting new lows, Jeremy Grantham predicted we will see a material new low. He’s talking about 600, or mind you, 450 on the S&P 500. Now, that’s low.
Nevertheless, he’s fairly bullish here.
Jamie Galbraith: Stimulus not enough
Feb
James Galbraith, a well-known professor at the University of Texas-Austin has joined Paul Krugman in declaring Barack Obama’s nearly $800 billion stimulus plan too small. Below is a video from the Wall Street Journal explaining why the stimulus is not enough and what needs to be done with the banking plan.
265 views
Michael Panzner: Financial Armageddon?
Feb
Fellow econblogger Michael Panzner of Financial Armageddon was on Bloomberg TV and radio today telling folks what all of this credit crisis, bear market, nationalization stuff really means for globalization, the U.S. and stocks. He recently wrote a book on this very topic called “When Giants Fall.”
He is not at all upbeat about the prospects [...]
Nationalization talk everywhere
Feb
Everybody is talking about nationalization. The latest trigger is the Citi discussions with the U.S. government to convert taxpayers’ preferred shares into common equity.
Below are a few Bloomberg video clips from just this morning where experts including Marc Faber, Peter Hahn and Bloomberg’s Tom Keene talk about nationalization. It is a very controversial issue. Hopefully, these clips will give you different viewpoints on the subject.
147 views
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