Skip to comments.Daily investment & finance thread (5-14-13 edition)
Posted on 05/14/2013 6:11:27 AM PDT by dennisw
Daily investment & finance thread (5-14-13 edition) ---- Freepers lets make some cash
Trying to focus on the markets for today and each day and the economic news
This is where you can impart some investment wisdom to your fellow freepers.
You can complain about the big one that got away.
How Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals and has great presence on ebay for easy quick impulse buys such as a gift for a college boy's graduation. College Girls too! Even high school.
Kitco is the best site for gold and silver charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
Sites that posters have recommended ------
hot stuff here Rush Limbaugh quotes them sometimes
Gold, Out of the Box Thinking etc...
Oil and Gas Industry
I figgered out why the market keeps going up and up.
it would be racist with Obungler in power to do otherwise.
Go watch David Tepper’s interview on CNBC. Very very bullish. Great stuff as always form him.
Stock futures were negative a few hrs ago but not positive. fwiw, Both export and import prices are down per report an hr ago.
S&P futures went up 6 handles during the Tepper interview.
Wow, I remember Joe Pine. Especially the way he bragged about and defended smoking until he died of lung cancer.
huh, somehow I didn’t think future traders paid that much attn to pundits.
that was another big mouth who came after joe pine. whose name escapes me at the moment
It’s all about surfing the wave even pundit generated waves. Just think about the markets as being like logic averse Obama voters living in trailer parks
Some feel that way. My take is markets exist and we either learn to work with them or we think we can replace them with the State. Imho it's not the function of a market to present a logic system that we're allowed to pass judgment on, but it's our function to try and understand how markets work.
Then again, there may be a lot of futures traders who've made trades based on what they understand about the affect pundits can have...
Tepper’s bio has him w/ a degree in econ + experience as a successful fund manager. Another plus is I don’t see any crap about Nobel Prizes or teaching at Princeton...
It is easy to be happy and self-congratulatory when the markets are going up making everyone feel like geniuses. (not referring to you)
But it is hard to explain the large disconnects in valuation (stock price) one sees. A miserable company can have a great valuation and a great company can have an awful one. Making me think that these valuations are 90% based on psychology and trend, as in the trend is your friend. Follow the herd until you predict it will peter out. Surf the wave. Never marry a stock etc etc etc lol
Then you have smaller cap stocks that are highly subject to manipulation, this has less to do with crowd sentiments and psychology
Just from reading his wiki rundown he is someone I respect. I always get sick when I see the wiki on a politician and he has a law degree which is 90% of the time. Law is their step towards a life of slick deceiving BS. Being a master of wordsmanship .. at least enough of a master to pull in the low information voters. I am thinking about going libertarian. As in “When the World Is Running Down, You Make the Best of What’s Still Around”.
Absolutely and that's exactly where you and I earn a living by forcing market prices back to realistic and more functional levels. There will also be times where we only imagine the disconnect when in fact the price is very well connected. I can think of situations where I've known full well what that connection was while having to put up w/ clowns crying about 'mean ol' stupid wall st.
Markets are not rational or irrational, they are arational. Sure, we can say the price of a given transaction is way too high. What that really means (if true) is that somewhere one guy determined that for him owning shares was more important than the money, and it also means that there was some genius that unloaded shares at a super price.
Guy is a really really good investor (full disclosure - Appaloosa is one of my company’s top 10 shareholders - we have never talked to Tepper though)
Thanks for your take on all that!