Archive - Jan 20, 2011 - Blog entry

Michael Nobrega, chief executive of the Ontario Municipal Employees Retirement System, has to figure out how to deploy about $20-billion into private investments in the next five years. Will he succeed?

Our esteemed Fed Chairman, now claims that QE has helped by raising stock prices. That was never a reason he listed for launching QE before. In fact, this is the first time he’s even mentioned this as a benefit (though everyone with a thinking brain knows that the Fed doesn’t give a hoot for anyone other than Wall Street which is why ALL of its moves were intended to help them juice the markets).

From the past to the present?

Jeremy Grantham with some hard-hitting soundbites ...

Some odds and ends from the "spooks".

Research in Motion's market share has actually eroded far more than even my bearish estimates, yet it's share price has spiked nearly 30%. This was a profitable short in 2010 and the bear story has not changed. If anything, it has been affirmed and is stronger than ever. Let's take a closer look at the 3rd quarter market share metrics.

"just borrow money at this ridiculous low interest rate and just buy the f'ing dip."

"I have known strong minds, with imposing, undoubting, Cobbet-like manners; but I have never met a great mind of this sort. The truth is a great mind must be androgynous."--Samuel Taylor Coleridge

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

The market sold off today as earnings were more mixed than...