July 2009
29 posts
“I love the mornings! I clap my hands every morning and say, ‘This is gonna...”
– Dicky Fox from Jerry Maguire
The Great American Bubble Machine →
An insanely great Rolling Stone article about how Goldman Sachs has been behind the five biggest financial bubbles in modern times and handsomely profited on every one.
June 2009
19 posts
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“You can’t change people. As a leader, there’s a real temptation to try to change...”
– John Donahoe, president and chief executive of eBay since March 2008 in New York Times April 4, 2009
Market Thoughts June 25, 2009
I think the market is in for a big correction during the summer. The failure of major resistance zones across the key indices is a telling sign that the bear market rally that started on March 10 might be coming to an end.
Tech, energy and commodities have been driving this rally and they are getting exhausted. Crude oil at $75 / barrel is clearly overpriced as we are only mid-way into the...
“Also not being protected: “smart phone” consumers, tied to long-term, fiscally...”
– Jeff Macke, another angry AT&T customer
1 tag
Is it time to buy yet?
I get that question a lot as I warned people to buy into the real estate bubble back in 2006. And the answer is still the same: A big resounding NO! Run as far away from real estate as you can over the next 12-18 months. Remember The Money Pit?
The data that is pumped through the oh-so-objective media channels (FOX, CNBC anyone?) is just a head fake: “green shoots”, home sales...
Keep Your Powder Dry
The fact that people love to spend their future earnings is the impetus of the market economy. Getting folks into debt is what making the economy tick. Disguising consumption as investments (a new kitchen, a new car et cetera) is the easiest way to loose money.
There are always three positions to take: sell, buy or sidelines. And in many cases the best ever investment you can make is to do...
10 Years On the Road
I sold my condo in Stockholm on June 15, 1999, packed my bags and took a limo to the airport. Oh yeah, it was good times for real estate investors. But since I’d been up all night fixing up the kitchen I fell asleep and might as well just have grabbed the airport bus. The champagne bottle I brought stayed untouched… until I landed in Spain…
That day I emigrated from Sweden for...
WatchRitholtz is always spot on.
The 2005 Bordeaux Wines
The dollar is down the drain but we are still getting fantastic deals on a great few Bordeaux from the magic 2005 vintage:
Chateau Laubarit ($8.99) is a great organic Cab
La Gatte ($8.99) is a fantastic Merlot
Both of these drinks like a $30+ Napa wine… In addition to these I recommend a fantastic Campo Viejo from Rioja at $9.99 and the Neil Ellis “The Left Bank” from South...
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iPhone 3.0 Software Update
What a fantastic June 17 release:
Cut, copy paste (great)
Landscape keyboard (awesome)
Send MMS (ok)
Search (great)
Voice memos (good)
Enhanced calendar (very good)
Buy movies and TV shows (awesome)
Enhanced stock apps (fantastic)
WatchMy presentation on Social Media for Employer Branding experts in Johannesburg on June 5, 2009. A fantastic inquisitive, challenging and ambitious audience.