BULL VERSUS BEAR
by ilene - September 10th, 2010 12:52 pm
BULL VERSUS BEAR
Courtesy of The Pragmatic Capitalist
In today’s segment of bull versus bear we pit a bullish Jeff Saut against an ultra bearish Nouriel Roubini. Mr. Saut, who helps oversee $235B at Raymond James, says there is not a whole lot of downside to U.S. stocks and that there is a “bubble in pessimism”. Roubini, on the other hand, believes we are on the verge of a double dip.
Bull:
Bear:
Bears
by ilene - March 21st, 2010 6:21 pm
Robert Prechter’s Thoughts on Valuation and Sentiment
Courtesy of Adam Sharp at Bearish News
Nice interview via CNBC. Mr. Elliot Wave talks about current extreme bullish sentiment and what it means, among other things.
*****
Don’t let the bears eat you while you’re sleeping! (I know, you’re not worried now.)
THE SLEEPING BEAR
Courtesy of Jason Louv at Dangerous Minds
This is perhaps the greatest camping accessory ever made. A sleeping bag that looks like a bear—perfect for scaring away bears that show up in the night… unless they fall in love and try to get all up in that shit….?
This is a greatest sleeping bag. You can wear it to sleep when you go camping. It is safe that no bear will attack your camp and eat you? Or you just want to wear it, and then scare your friend when he(she) wake up in the morning. (a good idea!) Well made and Cool! By artist Eiko Ishizawa.
(Thanks, @leashless!)
BULL VERSUS BEAR: JIM VERSUS JIM
by ilene - March 18th, 2010 12:18 pm
BULL VERSUS BEAR: JIM VERSUS JIM
Courtesy of The Pragmatic Capitalist
James Barty from Arrowgrass Capital Partners says investors should continue buying the dips as stocks continue climbing the wall of worry. Meanwhile, Jim Rogers says we are on the verge of another recession.
Bull:
Bear:
Source: CNBC
Wall Street’s Naked Swindle
by ilene - November 8th, 2009 7:34 am
Worth reading if you haven’t yet. – Ilene
Wall Street’s Naked Swindle
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits
By MATT TAIBBI in Rolling Stone
On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.
But what’s even crazier is that the bet paid.
At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history.
The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or…
Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff…
Is David Tice the John the Baptist of Wall Street?
by ilene - October 30th, 2009 9:00 pm
Is David Tice the John the Baptist of Wall Street?
Courtesy of Damien Hoffman at Wall St. Cheat Sheet
John the Baptist is responsible for the Apocalyptic stories in our cultural consciousness. He envisioned a world in which a total hell would descend on earth more wild than Marylin Manson’s most drug induced hallucinations. Similarly, as Liz Claman correctly notes in the following video, David Tice sees the world from a different prism: a completely hellish one.
David manages a bearish fund. So, like anyone who knows how the Wall St. machine works, he makes the rounds to talk his book. However, like all evangelists before him, David’s repetition has not done much in the way of changing reality.
Permabulls and permabears share the same common flaw: they take one extreme view and carry it to its logical (although improbable) conclusion. As a result, they fail to account for the ever-changing nature of societies and the complexity of the unknown.
Humor yourself and decide whether David is a consistent investment adviser — his fund’s performance (Nasdaq: BEARX) is not — or one step away from the loony bin:
Click here to watch the video.
Note: Wall St. Cheat Sheet is offering a FREE 14-day, no risk trial of the Premium Newsletter - just click here.
Dinnertime Conversation with a Lone Bear
by Chart School - July 22nd, 2009 2:42 pm
Visit with Tim Knight and Mrs. Bear.
Bulls 7, Bears 0
Dinnertime Conversation
Mrs. Bear: "So are you still bearish on the market?"
Tim: "Yes."
Mrs. Bear: "Everything I’m reading says the economy is being really well-managed."
Awkward, long silence.
It is getting really lonely being a bear, people!