Articles

We will never know if Caterpillar's Q3 result caused today's crash, but the stock was among the biggest Dow losers. I can't figure out why everyone is so scared.

October 19, 1987 was the real thing. Today, 20 years to the second, the markets' extreme declines are just the reaction of the children pushing buttons and the superstition of not very intelligent people. Just listen to CNBC and all the talking heads helping to push the markets even further as they join the panic. But, this will not be 1987, and Monday things will be much better after the children party and rest over the weekend.

Countrywide's stock traded very oddly today, as if someone knew something. I bet they did.

How many times have you said to yourself, why didn’t I invest in that when the opportunity was ripe? The kind of thing most of us have said about the internet in general or Google or Microsoft or Berkshire Hathaway. Looking back, with the advantage of hindsight, so many investment opportunities seem so obvious. There is one now, that many have already become wealthy from, that remains an amazingly attractive opportunity. And, it is not a discovery; it is simply one of the best and most obvious long positions one could have at this time. No surprise – it is OIL.

Regardless of whether it is a bubble, it is quite extraordinary to see these kinds of moves.

Should I stick with Canadian oil trusts?

18 months ago, a friend told me to buy Dryships. I bought it at $9, before selling it at $9.10 the next day. Today the stock hit $130. I missed it. Here is why I would miss it again.

Intel is a buy on the news and Yahoo! is a sell.

The answer is yes if I a judge how my wife's butt looks in their clothing, but it is less certain when I look at the stock's fundamentals.

Definitely time to sell ERIC, QCOM, NOK, ALA, SI and NT.

Medtronic has had a bad week- their stock went down on good news regarding their drug eluting stent and now today the stock plummeted on news of the withdrawal from the market of their ICD leads.

I just spent half an hour watching Fox Business and I could have been watching CNBC. The show had the same look, the same mostly polished anchors, the same ticker at the bottom, etc. I think Fox is going to have to do more to take significant market share away from CNBC.

With today's launch of the Fox Business Channel, I no longer need to let these folks into my living room.

If these companies don't hit the ball out of the park this earnings season, then they never will.

The parallels between the crash in 1987 and the one soon to happen in 2007 are too real for comfort. Just look at the derivatives of 87 and the sub-prime mess of 2007. Or, consumer confidence which is barely holding now, but will fall in a NY minute. Or, many other similarities. The point is that again, like 87, we have our heads in the sand.