Hedging Long Accounts
We are still long a number of names I have discussed in the past, but we recently added QIDs and SDS to our managed accounts as a hedge....
Aug Existing Home Sales and what happens next?
Existing Home Sales totaled 5.1mm annualized, 250k less than expected and down from 5.24mm in July. The chief economist placed some blame...
Government Spending is the Solution–Not the Problem
Marshall Auerback is a Denver, Colorado-based global portfolio strategist for RAB Capital plc and a Fellow with the Economists for Peace...
Now Starring in Capitalism: A Love Story: Me!
Reader Mike writes in about my big screen debut: I caught an advanced screening of Michael Moore’s new movie, Capitalism: A Love...
Jobless Claims
Initial Jobless Claims totaled 530k, 20k less than expected and down from 551k last week which was revised up by 6k. It is now at the...
jobs, Housing and the Fish That Saved Pittsburgh
Following yesterday’s negative outside day in the S&P’s (trade above the prior day’s high and close below the prior...
Volcker: Reinstate Glass Steagall
What all this amounts to is an unintended and unanticipated extension of the official “safety net”, an arrangement designed decades...
“What if James Dean had lived?”
A fantastic commercial for Allan Gray Investment (in South Africa) by the King James agency that asks the question “What if James...
Protect Insurance Companies PSA
Hollywood speaks out to help insurance companies: Protect Insurance Companies PSA from Will Ferrell