I'm wondering (maybe that should be hoping) that yesterday's action revealed some selling exhaustion. After a lot (a ridiculous amount really) of selling we know that the selling will exhaust. That will happen. It doesn't have to signal a bottom (short term or otherwise) but it might. The ... Read more
So I was trolling the Glintir Bank website (the same Glitnir that was saved by the government of Iceland) and found an index for fishery stocks , most of which are Norwegian. There's almost enough Norwegian fishery stocks to create an ETF (Claymore, can I get a hollah?). Marine Harvest MHG.OL ... Read more
I was quite public about my sale of Bank of America (BAC) in the low $29's because of my lack of faith in the merger with Merrill Lynch. I was "right" for a minute or two, then I was "wrong" when they banned short selling and now "right" again because of the earnings, dividend cut and capital ... Read more
Yesterday fear/concern/whatever else kicked up a big notch based unscientifically on many conversations I had with all sorts of people I know (I heard from more people phone and email than I typically do). Also regular visitors may have noticed the that the number comments left on the blog have ... Read more
FT Alphaville has this quote by Jim Cramer that I am guessing is from the Today Show; Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now I don't ... Read more
Literally! I did not take this picture. We have had more mountain lions here lately than normal. One was sighted last night very close to our house. If you live in the woods and feed deer you will attract mountain lions. This is very difficult for people to process but it is true. We ne ... Read more
No not the market, well maybe that, but also this... I had to coral this guy in the dog pen. Our dog Trixie first found him and called our attention to him. The comments have backed up, I have been busy with client email and an interview, I'll try to catch up on the comments ... Read more