People find lots of reasons to hate things, but shorting a stock that represents a place you spend your money is ludicrous, and is not unusual these days.
In his annual letter, Bill Gates opens with a statement that I've been saying for a few years. In fact, my investment thesis begins with global peace and prosperity. It's amazing how many people snicker at this notion without ever taking a second to consider its authenticity or merits.
It's rare that I think anything in Time magazine is intriguing, or even true, but it's become so paper-thin that I still thumb through it. After all, there are powerful people who continue to hold it in high esteem. But a headline I saw on Monday was compelling.
What are the warning signs that a stock might get hammered on earnings? Last week there were many stocks that got hammered for missing earnings.
America is on sale and China keeps stepping up to the plate. This week we learned China holds a record $1.31 trillion of our nation's debt after adding $12.2 billion in December (they're closely followed by Japan at $1.18 trillion).
By now we all know the line immortalized by the Iron Lady of England, and these days it should be mandatory for those tax-and-spend politicians to recite it every morning,(along with the Pledge of Allegiance). What doesn't get mentioned often enough is the next act; what happens after you have run out of other people's money?
In his pitch for yet another extension of “emergency” unemployment benefits, President Obama dug into his typical bag of rhetoric, and in the process underscored why this has been a failed presidency.
It's been a rough start so far this year, which got even rougher yesterday, when the market took its cue from the news and from the retail sector.
It proves once again we live in a trickle-up economy, where the masses give away their money in return for short-term pleasure. Somehow, once those pleasures are exhausted, the masses are exhorted by leftist troublemakers, who demand economic justice.
Well, Chris Christie proved he can say, 'I'm sorry,' with the best of them. (It's clear the governor has come home with chocolates and flowers at least once in his married life.) Of course the question now isn't his performance, but what did he know, and when did he know it?
Things are looking better, but we aren't a cocky bunch yet. In fact, the country is grudgingly coming around to the notion that it might survive, despite all the risk and all the unnecessary obstacles in the path of the recovery.
Of course nature, while unpredictable, is going to punish at times and provide idyllic backdrops at others. Humans are just as unpredictable as nature, and from time to time are completely self destructive. We can't help it.
The Consumer Electronics Show kicks off in Las Vegas today, and promises to be a spectacle. Products introduced this week will go on to be household names, and make life easier. From an investment point of view, opportunities will be revealed as well.
The misguided movement for the so-called living wage as a reward for not running the good race threatens to upend an economic system.
This Dickensian tale of woe being woven by the left is a dangerous gambit for several reasons. On the one hand, they could blow it badly for themselves if people begin to realize how many years we've been doing thing their way. On the other hand, they could stay in power and really have to follow up on the rhetoric.
The New Year ushered in the inauguration of a new mayor in the largest city in America, which also happens to be the most important city in the world. New York City ushered in the era of Bill de Blasio, and the leftist agenda that aims to make the Big Apple "fairer."
Historically when a corporate takeover deal is announced, shares of the acquiring company move lower, while the acquisition target moves higher. The reasoning is simple.
There has never been an economic system better adapted for bringing out that competitive nature in mankind than American-style capitalism. There's no doubt it's under assault, but those who point the fingers and cry foul have no better alternative.
All of those end-of-the-year lists are being complied, and they promise to be a serious challenge when determining what were the worst business and worst political blunders.
Right now, it's safe to say the US economy is heating up, and while it is too early for superlatives like cookin with gas, momentum is pointing in the right direction. But, it's too soon to be cocky or to confuse a resilient economy with proof that economic policies are working.