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Running Your Portfolio Like A Football Team
Expert "whose picks move markets" Louis Navellier "does a screen" for such tried and true criteria as sales growth, margin growth, return on equity and cash flow and picks the "best" companies available. Strangely absent from this screen are any valuation criteria (Amazon at 45x forward P/E is so 2005 fundamentals) but when you have a bubble to substantiate any rubbish one wants to spin based on conflicts of interest too numerous to even highlight in passing, why care? For those whose heads are about to explode, Louis provides a formidable analogy: he "runs his portfolio like as a football team, mmmk? So, you know, as long as you got all the stats we run with ya." Brilliant.
Like we said, true expert.
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It's pure "dance while the music plays" which has nothing to do with fundamentals. Whatever happened to "fiduciary responsibility"?
Fundamentals? I don't need no stinking fundamentals. P/E ratio? Oh, you mean "pure excitement."
If I ran my clients money like this and the SEC responded to a complaint against me, I'd lose my license. These jokers would get a promotion, a $200 Million bonus and a "job well done" 4 week vacation in Cancun.
Because everyone else is reckless, the only measure required of you is to be no more reckless than the next guy.
I want to insert an image
become a contributor
Cheeky Bastard, do you think that you will be able to insert this image for me?
http://img246.imageshack.us/img246/3238/michellecarusocabrera.jpg
I "really enjoy" CNBC and all its assets!!!
fraid not Pamela; i'm not a contributor and i think the link will suffice; oh and that's some GUNT on MCC.
+1. you will get a call from bignaturals.com for a finders fee on this one
Screw fundamentals. I want Michael Vick in MY portfolio. Throw in a Braylon Edward, maybe a few flashes from the past (I'm thinking Ryan Leaf! And is Earl Campbell available?), oh, and don't forget Derrick Thomas...
Okay, NOW who got game?!
Ryan leaf - flash from the past? Douche from the past.
What, no "eyeballs" or "unique page visits"?
+1
not only do people forget the dot bust, they forgot what happened within the past year!
Trade or die?
Glad I don't have millions under management trying to "iron-man" dark pools. Why not throw the dice on micro-managed 11-man million dollar teams of a billion dollar team conglomerate? Beats betting on expendable platoons "playing" in Afghanistan. Their "disabled" list doesn't have a "temporary".
Tyler it would be a very short show if every day they said
"Dollar down, buy anything priced in dollars. Thank you Ben"
p.s. I just noticed Fast Money no longer is showing in the midnight slot as a 2nd rerun anymore... mmm, I see car people.
To add to that thought, here is a great article about the potential for hyperinflation coming, and how it might play itself out. These are scary times to hold USD.
http://www.prudentbear.com/index.php/thebearslairview?art_id=10296
Yeah. I remeber Louie. Great in up years, terrible in down years. "Uh, Screens...yeah...that's the ticket !"
The only thing his analysis moved was my bowels.
wow - there is so much wrong here.
amzn - i guess $1 more in absolute margin dollars is indeed considered growth
aapl - no one talks about what happens when att's subsidy no longer provides the incremental unit/margin growth needed in the us...just gimme that $1 extra...
sorry, forgot myself here. celebration of life is all this earnings season is about. oh, and guidance for y/y revenue/sales growth off the worst 4q ever experienced in our economy's history.
we ARE back in the dot com...
from cnbc dot com, the current headline:
"tech-tacular"
Sham Wow.
look at the final ah trading on intc....this has to be seen to be believed (Notice all the little 100 shares trades as well). check out the last trade and the closing price.
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=INTC&mkttype=after&symbol=INTC&symbol=KEY&symbol=TEX&symbol=NTAP&symbol=TRGL&symbol=DRYS
The Nikkei missed the memo
actually they just got it a few minutes ago.
I watch CNBC about twice a week for about 15 minutes. I really want to like it. It is after all financial entertainment and I am a finance girl and it is so spunky and positive about the world and like trying to read the sports pages it makes me feel good. (No irony intended.) Then they have on an "expert" guest. I start to listen and I am totally aware that the person (the guy, let's face it, all guys) is going to talk his book, going to say, hey, buy some stocks, buy the stocks I own, never a better time, especially the stocks I own. But half way through this I just start to feel sick. I turn the sound off. That doesn't help. Makes it worse. I think to myself, what's wrong with you, why can't you just listen to this guy, see if he has a good idea. Then I realize, holy Christ, this is the most arrogant asshole I've ever seen on TV, ever. And every time I try to watch again I have the same reaction. Yuck, what an arrogant asshole. Then I realize: the whole goddamn administration, from the leader (Summers), down to the bottom guy (Obama), arrogant, horrible, dishonest assholes. I tried Bloomberg but the second I think they'll have on a smart guy (Biderman) they'll basically spend the whole time humoring him and patronizing him, because you know, he's using facts and all, and yuck, who wants such a downer for a guest. Now I just have on ESPN. Without the sound.
I watch CNBC
why would you do that to yourself ?
I always wanted to be one of the guys, one of the "real" traders. You know, sort of dumb, lots of pizza, big house in Rye.
be yourself,; first and foremost; that will take you places; imitation; not so much ... originality is the name of the game ...
Run your team like fantasy football, oh yeah!!
A pro US team demands, extorts, and bribes politicians to get a free taxpayor subsidy (a free billion$ stadium). So a real US pro team is actually a welfare recipient begging for government largesse and graft. The American way for Socialism. Only in America.
A pro US team demands, extorts, and bribes politicians to get a free taxpayor subsidy (a free billion$ stadium). So a real US pro team is actually a welfare recipient begging for government largesse and graft. The American way for Socialism. Only in America.
hmm...like a football team...maybe like a FANTASY football team...i used to spend a lot of time on a fantasy football team but then I realized all that number crunching and trying to out guess the herd and find diamonds in the rough and playing probabilities could be used to trade...i almost always won in fantasy football, to the point the guys quit playing with this chic...trading, well we will see this fall..but even when you play probabilities, who knows what happens on any given sunday...