“keep your winners and sell your losers”……………great advice but I didn’t follow it with ABT…………WHAT A WINNER! I sold: ABT 0 (+$39.20) +17.72% 1/13/2012 4 $55.30 $221.20 8/25/2012 -2 $64.00 -$128.00 9/7/2012 -2 $66.20 -$132.40 and it paid a dividend! … Continue reading
Most important Kass noninvesting comment: More to It Aug 7, 2012 | 7:24 AM EDT Policymakers must recognize a more complete picture of the U.S. economic experience. But, as many of you will discuss this week, aggregate statistics can sometimes … Continue reading
Kass has been shouting about HFT and now brings our attention to this article in Wired magazine: Raging Bulls: How Wall Street Got Addicted to Light-Speed Trading By Jerry Adler Email Author 08.03.12 5:53 PM Wall Street used to bet … Continue reading
Rigged? Manipulated? Erratic! NOT Regulated! SEC=Shanda I’ve written about the SEC and The Obama Administration not having a clue or deciding not to regulate any Trading Vehicle or investigate any stock manipulation! Why? Who knows; he was elected to … Continue reading
NEW YORK (TheStreet) — The private sector added 176,000 jobs in June, according to Automatic Data Processing. Economists expected 105,000 private-sector jobs to be added in June, compared with 133,000 new jobs in May. http://www.thestreet.com/story/11606525/1/private-sector-adds-176000-jobs-in-june-adp.html
Kass’ gives some data for market so far: Very bad breadth today! S&P 500 — 25 advancers vs. 473 decliners NYSE — 140 advancers vs. 1,675 decliners Nasdaq — 291 advancers vs. 1,682 decliners Russell 2000 — 171 advancers vs. … Continue reading
Kass updated his market analysis–good clear read: I have recently downgraded my previously more optimistic expectations for the U.S. stock market, reflecting the confluence of the following four factors, which form a potentially toxic market cocktail.http://realmoneypro.thestreet.com/dougs-daily-diary?published%5Bvalue%5D%5Bdate%5D=2012-07-10#more-fast-times–20120710 Cramer on CNBC … Continue reading
Kass’ article, this morning at promoney on thestreet.com, is an easy read and warning about stock prices based on momentum of price or based on expected profits to stock price. Although it is an easy read, it is not an … Continue reading
Another good article on RealMoney at thestreet.com: Adapt or Perish By James “Rev Shark” DePorre | Jun 12, 2012 | 8:16 AM EDT | It is not the strongest of the species that survives, nor the most intelligent that survives. It is … Continue reading