August 2008

I won't do this often, but I figured I'd share some of the notes I sent to my producers and what not in preparing for yesterday's show.  Topics are in bold...my notes are below each topic. - How is Dow holding up above 11-4 with anemic jobs growth? It’s down 20% plus from its highs…it’s not “holding” much of anything. - Is a second stimulus pkg needed? A new works project needed ... read more

1.  I talked about TSCM earlier this week as a buy.  Stock was up huge today on a good earnings report.  But I’ll tell you that it’s a lot easier to talk about stocks than to trade them.  Don’t fool yourself into thinking you’d be printing money trading just because you “called” a few good trades.  Being bullish is so much easier than being long. 2.  On a related note, one of ... read more

People think I'm crazy, but I mean it when I say that the $120-150 oil is creating a perfect storm of economics that will result in $30-50 oil in the next couple years. Think about how upside down economic principles get turned temporarily as a result of oil spiking 500% in the last five years and more than doubling even at its current quote this year. You know you can ignore those who say that ... read more

Try to see if I'll give up but there wasn't any luck it's a fact, fact of life that's the games, games of strife everything is all in stride So I'm sailin, well I'm sailin on Well I'm movin, hey I'm movin on Sail on, sail on. -- Bad Brains It was one of the best nights of my life. Rebecca and I had just hosted a block party on Wall Street(!) and I was boarding a plane for Milan ... read more

I've long recognized Google as the fastest growing company in the history of capitalism.  I owned the stock from the day it came public until I sold everything to focus on TV.  And Google's certainly blown away every other company on the planet when it comes to building value on the Internet. Indeed for a very long time I used to stay long Google and while shorting Yahoo: Battle of the ... read more

1.  Oil, Rates, Stocks Correlation 2.  Full-Size Slice of Moto 3.  We Knew We Were Screwed Already 1.  Over the last decade or so, stocks have risen when oil’s been rising and both have risen when the Fed’s been raising rates.  In other words, they’ve been correlated for years.  This year, stocks and rates have plummeted.  And lately oil’s joined the plummeting.  You oil bulls ... read more

I'm left with a chilling thought -- if you and I start asking for government handouts too, then who's left to tax? The banks? Uh, no. The big corporations...they already get hundreds of billions of tax relief that small businesses and consumers don't (how about those energy companies who have spent millions trying to stop a movement to simply make them pay property taxes like everybody else ... read more

1. Forget the Gain, Remember the Pain 2. That’s what Bankruptcy Laws Are For! 3. Fallible People With Too Much Power That was a beautiful rally today and it felt great for most everybody. That said, do you remember how painful the last few sell offs have been? If you’ve been stressing over the recent collapse in the market, then you’re still too long. Sell some now while you ... read more

Contrary to popular belief, I don't simply choose to be contrarian for the sake of contrasting.  I do strive to be contrarian -- I trademarked the term Flip It in large part because the only way to be anything other than average is to make sure you're not part of the consensus...the average.  Extraordinary things only happen when you do something totally extra-ordinary, right? Let's think ... read more

1. FRE Stimulus Check 2. Chambers Full of Salt 3. Respect the Cycles 1. So Freddie Mac says it’s going to cut its dividend some this year. Yeah, it’s only going to take $100 million of yours to send to its rich equity investors even as it’s bordering on insolvency. I say we taxpayers should get that money instead of shareholders who took bad risks on this stock. 2. , So ... read more