Posts Tagged ‘Joshua M Brown’

Media: What Isn’t Priced In Yet?

Courtesy of Joshua M Brown, The Reformed Broker

One of the toughest calls to make here is whether or not we’ve got enough negativity in these S&P 500 levels yet.  The answer is that we’re probably almost there in terms of apathy and disgust for stocks, but valuations aren’t yet alarmingly cheap and there is some difficulty in determining whether Europe has gotten close enough to the abyss to drop the big money bomb on it’s problems just yet.  The washout, in my opinion, is still out there somewhere…

I dropped in on the CNBC Street Signs gang for a live taping from New Jersey today, we talked about this very subject and Hedgeye’s Keith McCullough was also in the mix.  Enjoy!

Source:

CNBC 


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Media: Expanded Thoughts on Potential Currency Trading Bubble

Media: Expanded Thoughts on Potential Currency Trading Bubble

Courtesy of Joshua M Brown, The Reformed Broker 

Oil being poured into water, studio shot

I gave an interview to My Private Banker the other day. They wanted to take my discussion of the potential bubble in currency trading a step further. 

Enjoy:

Investing in currencies is all the rage in wealth management. Currency ETFs, ETNs and currency structructured products are springing up like mushrooms. Inspired by the Euro crisis many private investors in the EU have started investing in currency products. Wealth managers and bankers play also a big role as more and more products are pushed on to their clients. But does currency investing make any sense? We talked about this topic to Josh Brown, who is one of the best known global finance bloggers providing daily comments on The Reformed Broker. Josh Brown has been recently a vocal critic of the boom in currency investing.

MyPrivateBanking: Why do you see a bubble in currency trading – comparable to bubbles in stocks or house prices?

Josh Brown: With currencies, we are still at the stage where we’re talking "prospective bubble", but all the ingredients are there. This isn’t going to be a Price Bubble, it will be an Activity Bubble should the mania take over.

MyPrivateBanking:  What differentiates this bubble from “normal” investment bubbles?

Josh Brown: Normal investment bubbles require a certain backdrop of speculative fervor along with some exogenous encouragement to fan the flames (think innovative mortgages or freely available margin leverage). This one is more akin to the Texas Hold ‘Em craze of the mid-2000′s where all of a sudden all your friends and neighbors were poker sharks out of nowhere.

MyPrivateBanking:  Why do wealth managers increasingly recommend currency products to their clients?

Josh Brown: I think wealth managers are introducing ETFs that are currency-related because of what’s known as "reverse inquiry". The financial media has done a really terrific job of painting the currency markets as unstable and exciting, this has led to product introductions and marketing which has in turn led to inquiries from the public to their advisors – "How can we get in on this". The reality is that it’s foolish to "invest" in a currency from an asset management standpoint, unless we’re talking about swinging for the fences with the Iraqi Dinar or something. Currency is not an investment, it…
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Media: Appearance on The Keiser Report

Media: Appearance on The Keiser Report

Courtesy of Joshua M. Brown, The Reformed Broker 

The other day I was over at the Associated Press building taping an episode of the Keiser Report with Max Keiser and Stacy Herbert.  We talked financial reform, the Econ Gangs of New York and the failure of the stimulus plan.

Now keep in mind, the camera adds 10 pounds, and I had at least 3 cameras on me.  Anyway, my segment comes in at the 13 minute mark, enjoy:


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Decoding Fund Brochures

Decoding Fund Brochures

Courtesy of Joshua M Brown, The Reformed Broker

I’ve been reading these things for 14 years, I think I finally got the hang of it. Feel free to use this as a reference guide during your next mutual, exchange traded or closed end fund selection.

Here’s the all-text version:

Fund Brochure Says… What It Really Means…
Ultra Leveraged to the Hilt
Global Growth We’ll Chase Stocks For You in Whichever Country is Most Overheated Right Now
Clean/ Green A Basket of Government-Subsidized Experiments and Some Shares of GE
Deep Value We Will Invest in Sewing Machine and Typewriter Companies
Premium We Will Pay Up for High-Multiple Stocks/ You Will Pay Up in Fees
Socially Responsible No Such Thing – All Corporations are Evil, Sucker
Diversified We Will Basically Buy the Index and Go Golfing
Enhanced Uses Exotic Derivatives You’ve Never Heard Of
Balanced We Will Underperform Both the Bond AND the Stock Market.  You’re Welcome.
Aggressive Growth Collection of Chinese Online Gaming Stocks and New Jersey Biotech Startups
Lifecycle We Can See 20 Years Into the Future, Only Putnam Knows When and How You Will Die
Moderate Allocation Gutless Fund Manager
Quantitative Manager Will Take Credit for Up Years, Blame Computers for Down Years
Endeavor/ Opportunities We Will Throw Darts
Core No Need to Spread it Out, Send Us Everything You Have

 


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Phil's Favorites

What the coronavirus does to your body that makes it so deadly

 

What the coronavirus does to your body that makes it so deadly

SARS-CoV-2 virus particles (pink dots) on a dying cell. National Institute of Allergy and Infectious Diseases, NIH

Benjamin Neuman, Texas A&M University-Texarkana

COVID-19 is caused by a coronavirus called SARS-CoV-2. Coronaviruses belong to a group of viruses that infect animals, from peacocks to whales. They’re named for the bulb-tipped spikes that project from the virus’s surface and give the appearance of a corona surrounding it.

A coronavirus infection usually plays o...



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Biotech/COVID-19

What the coronavirus does to your body that makes it so deadly

 

What the coronavirus does to your body that makes it so deadly

SARS-CoV-2 virus particles (pink dots) on a dying cell. National Institute of Allergy and Infectious Diseases, NIH

Benjamin Neuman, Texas A&M University-Texarkana

COVID-19 is caused by a coronavirus called SARS-CoV-2. Coronaviruses belong to a group of viruses that infect animals, from peacocks to whales. They’re named for the bulb-tipped spikes that project from the virus’s surface and give the appearance of a corona surrounding it.

A coronavirus infection usually plays o...



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Zero Hedge

Mysterious Colorado Doomsday Shelter For When "Law & Order Breaks Down" Sees Spike In Interest

Courtesy of ZeroHedge View original post here.

As the pandemic unfolds across the US, city dwellers are getting the hell out of dodge and escaping to rural areas. We noted this last week, with many leaving large metro areas in California, fleeing for the mountains and rural communities to limit their probabilities of ...



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ValueWalk

Junior gold stocks offer a place of refuge in a falling market

By Michelle Jones. Originally published at ValueWalk.

Junior gold stocks have taken a beating alongside other stocks, but history suggests this could be the time to dive in. The Vaneck Vectors Junior Gold Miners ETF is down from where it was in February, although it’s starting to show signs that it could revive soon.

Q4 2019 hedge fund letters, conferences and more

Crescat likes junior gold stocks

In their March update to investors, Crescat Capital said junior gold stocks retested the lows of a nine-year bear market. ...



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Kimble Charting Solutions

Depression Coming or Is the Bottom Already In? Joe Friday Says Your Answer Lies Here!

Courtesy of Chris Kimble

Are we headed towards a Depression or is the worst already behind us? In today’s world, comparisons to the great depression are easy to find.

Are the Depression concerns well founded or are the declines of late already pricing in a bottom?

In my humble opinion, this chart and the upcoming price action of this index will go miles and miles towards telling us if we are headed towards very tough times or if the huge declines of late are actually in a bottoming process.

This chart looks at the Thomson Reuters Equal Weighted Commodity Index on a monthly basis over the past 54 years. The index has been heading south, reflecting weakness in demand for basi...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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The Technical Traders

Founder of TradersWorld Magazine Issued Special Report for Free

Courtesy of Technical Traders

Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

There is only one article in this special supplement, click on the image or link below to download and read it today!

...

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Chart School

Big moving Averages and macro investment decisions

Courtesy of Read the Ticker

When price is falling every one wonders where demand will come in.


RTT black screen Tv videos study the simplest measure of price (simple moving average). What has happen before guides us now. 














Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, ...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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