Hat tip to reader Rob for pointing to a very fascinating interview between Bill Moyer and William Black, author of the the book “The Best Way To Rob A Bank Is To Own One.” You can view the video at: www.pbs.org/moyers/journal/04032009/watch.htmlIt’s about 25 minutes in length, but I was so intrigued by what Bill Black had to say about the …
Tripling Down
Inverse funds and ETFs have made it easier than ever for investors to play the short end of the market. Even double and triple-leveraged funds have been around for a while, and recently Direxion has added another group to its ever growing stable as SeekingAlpha reports: Direxion, the provider of revolutionary triple-leveraged exchange traded funds (ETFs), is out with a …
Disconnect
The stock market has been in a total disconnect mode from economic reality over the past 6 weeks all based on the glimmer of hope that an economic turnaround may be lurking on the horizon over next 6 months or so. It’s too early to tell if yesterday’s sharp sell off means that the markets have shifted back to reality …
Another Hedge Experience
Reader David emailed and had this to say about the recent discussion about the use of the SimpleHedge Strategy: I have enjoyed your weekly newsletters and daily blog for some time. Thank you for sharing your knowledge and wisdom. I noticed a recent blog from ‘Foster’ concerning your simple hedge strategy where he used mutual funds as the long position. …
Sunday Musings: Prison Survival
Hat tip to reader Tom for submitting this article called “Madoff’s Niece Calls Prison-Survival Expert:” Bernie Madoff’s niece is so worried about doing jail time that she’s seeking prison survival tips from a consulting firm, sources told the New York Post. Which brings to mind at least one curiosity: There’s a consulting firm that helps would-be inmates prepare for incarceration? …
Rescuing The Economy
MarketWatch featured an article with the intriguing title “Rescue the economy? Try the SEALS.” Here are some highlights: President Barack Obama has put the wrong federal agency in charge of the rescue of the financial system. Instead of hiring Tim Geithner and the TARP, he should have hired the U.S. Navy and the SEALs. When lawless pirates captured an American …