Mike Stathis
Loading...
Symbols:
Loading...
Symbols:
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Trading Center
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
Latest Comments35 Comments
Dow in Secular Bear Market When Priced in Ounces of Gold
Now, when adjusted for the price of gold or the dollar's slide, the market is much worse.
Russell 3000 Sheds Nearly $2 Trillion in Cap Value
This is precisely why the Russell is in shambles. Those who did not see the full extent of what was going on by August were lost. Unfortunately, the follow-the-leader mentality so widespread on Wall Street led to 99.99% of the "experts" missing everything.
Have the Financials Found Their Bottom?
Investors Beware: Reporters Trying to Help
Thanks for the post Kevin. I rarely waste time reading print media, but now that I have seen this I am going to contact the Post and let them know how irresponsible they were for interviewing these agenda-minded clowns.
I'm so disgusted at the continued irresponsibility of the media. They only care to sale headlines like "Ways to Profit In A Declining Market" or downplaying the realities via orders from Washington. They should keep it simple and tell the truth - get out and stay out!
Investors need to understand these people with agendas will always steer you wrong to make a buck. Funds will try to keep you in a declining market by preaching "think long term" or "stay the course."
Diversification will not help you navigate this market. Everything will be taken down, including the 4 companies Trejos names. They may hold up longer than others (excluding GE and GS) but they will eventually join the rest of the pack. "It's the market stupid!"
I will tell you this as well..Goldman Sachs is going to get cut in half. No financial firm can escape the wrath of this correction; at best they can only delay the inevitable as BAC has for so long. But now we see BAC has gotten crushed and will soon be at $18. MER will soon join BAC.
The best advice for this market is cash. If you are a skilled trader wanting some excitement and willing to take your licks, you can play the momentum swings...get in and get out. Otherwise, stay completely out until the washout is complete (several years).
A global meltdown is on the way. I will be looking to get into Brazil after a correction and China after things bottom out.
Is the Equities Party Over?
seekingalpha.com/artic...
At the time, the Dow was around 13,100.
Stay Clear of Traditional Asset Classes
You are right on both accounts - I try to be conservative so as not to disappoint. I find my success rate on predictions is extremely high when I am conservative. Yet, to many I seem extreme. remarkable isn't it? And yes indeed - no one in the position to fix things is. Indeed, I am sure Volcker is puking in disgust as he watches Bernanke intentionally destroy the dollar, along with the opportunities Americans once claimed made this nation filled with hope. At least you have the California coast to enjoy - something the Fed cannot easily destroy.
Diving Into the Water ETF
Learning From Bill Miller's Recent Underperformance
When you hear the praise of the media making ridculous and unfounded claims that he has beaten the S&P for 15 years, you need to investigate whether his holdings and percentage of holdings is in fact comparable to the S&P 500.
Bill Miller is not impressive. he has benefited from Legg Mason's huge marketing that has made inaccurate claims which have fooled the investment public, most of which who are clueless.
Stay Clear of Traditional Asset Classes
How is it that the U.S. spends 18% of GDP on healthcare and has the highest rate of medical errors, 50 million without coverage, nearly 1 million medically-related bankruptcies each year, and a ranking of 37th by the WHO – yet, most of the rest of the world has healthcare expenditures ranging from 6-8% of GDP, with virtually no fraud, less waste, much fewer medical errors, and much better rankings? Answer: a healthcare "free-for-all&quo... among the providers who focus on profits and often sacrafice quality care.
In fact, according to studies from John’s Hopkins (Dr. Starfield--google it), due to medical errors, physicians are now the #3 cause of death in America.
The Beginning of the End of the Credit Crisis?
Financials ETF: The Worst May Be Behind Us
If you really are interested in the banks, I suggest you keep a close eye on all of the stock offerings that have been going on, most without much media fanfare. Shareholders are getting diluted down to nothing and this will continue. Just take a look at the recent dilution of WM. So with all of this dilution occuring combined with banks having to sell off their assets, how do you expect earnings to recover anytime soon???
With so much blood in the streets, yet so much more waiting to spill, why get involved in the financials of all things????
Stick with oil, other commodities, foreign currencies, precious metals, and healthcare.
Material Sciences: Small Company to Post Big Earnings
Okay here's my take. With all due respect, the fundamentals look potentially promising, but only for risk-averse, long-term investors. The big concern I have right now are the miserable profit margins. Management will need to turn that around or else they won't do anything.
As far as technicals, I can't see the "very bullish" pattern you mention. In fact, short-term, it has significant downside as it just broke through the 50 DMA.
"They have missed on earnings for the last three quarters, but they beat earnings by 250% the first quarter of last year.." That should serve as an indicator. As far as last year in concerned, that was last year - a year that saw the Dow surpass 14,000, a year in which the real estate and banking fall out had just begun, a year when global inflation was not yet detected, etc.
Be careful using generic chart patterns (double tops, etc.) as indicators. Ofetn they can do more harm than good. I personally don't pay attention to them. I look at basic charting elements. If you know how to read charts, you won't have a need to look to spot these generic patterns (preached by IBD to novices) to spot bull/bear trends.
Monsanto: Turn Rising Food Prices Into Profits
(1) I think this material is a bit outdated – by at least 3 years. If you take a look at the stock price since then as well as the current food problems, especially with corn, ethanol, etc., it appears to me that some less informed investors might rush into this stock thinking it will soar from here.
(2) I did not see any treatment of risk or any of the controversial issues that are rising in momentum. Without this, there is no way an investor can make a reasonable decision. Namely, many nations have banned Monsanto’s GM crops, which puts a nice cap of growth. As well, even in the USA, many consumers are protesting the safety of GM-crops, and there is significant scientific evidence that these concerns have merit. At some point, growth will be limited to population growth plus some premium. While that point may not occur for a while, the lack of global acceptance of GM crops is concerning.
Finally, the future of patent laws for biotech is highly uncertain. In support of the author’s estimates (although not mentioned), the fact is that the USPTO has permitted Monsanto to establish a monopoly in GM crops due to its world-leading number of biotechnology claimed patents, at nearly 700. This bodes well for them. However, the laws surrounding biotechnology intellectual property are still way up in the air and things could change at any time. If the USPTO ruled that Monsanto was no longer able to claim ownership rights to GM, this could turn the company upside down overnight. As you will recall, prior to 2003, MON was struggling for growth, and the stock bottomed in the low teens.
In conclusion, it's easy to be bullish on a stock that's had a great run, especially when the dumb money has recently bought it (i.e. the clowns who watch Cramer, who apparently recommended the stock a month ago). But the sophisticated investor will weigh all of the data - the pros and cons - and look at current market risk as well as the run that stock has made prior to making the determination whether it fits his or her investment horizon and risk tolerance. It looks as if bkinn understands this philosophy.
JPMorgan, Bear Stearns: More Smoke from Wall Street
jimmy46, not true at all. I'm saying you have to treat all banks fairly. I think there should be no bailouts. Read my previous artcles and you will see.
Asset Allocation as a Method for Risk Management
Diversification is best used for passive investors and investors with short horizons; otherwise, it actually lowers your total returns.