I’ve talked investment ideas on occasion with Gary Mishuris of Silver Ring Value Partners for many years. He’s one of the most disciplined investors I know with a very clear idea of what makes a good stock idea. Gary is also one of the best at explaining complicated investment ideas in an uncomplicated way. With … Read more
Two weeks ago, we wrote about a Wall Street Journal piece titled “Surging Dollar Raises Possibility of Parity With Euro” which explained that the dollar was strengthening against the Euro. Today, the paper printed a new article titled “Dollar’s Climb Stalls Amid Mixed Economic Signals” explaining “The WSJ Dollar Index, which measures the dollar against … Read more
Last week, JP Morgan Chase CEO, Jamie Dimon, said that the economy is “sunny” at the moment but predicted there’s a storm coming. He just doesn’t know if it will be a big storm or a small one. He advised that investors “brace themselves” for the coming hurricane while noting he didn’t know if it … Read more
Overview: My first job on the “buy side” was in risk arbitrage. That’s a fancy name for investing based primarily on capturing the difference between the current price of a stock, and the value shareholders are due to receive in a merger or acquisition. At that time, there were a lot of announced deals, a … Read more
We’ve been critical of the Federal Reserve’s zero interest rate policy which has gone on far too long combined with its $9 trillion balance sheet so many times that it’s not worth putting links here. A quick check of the DKI blog will show it’s been a topic of interest. Today, the Wall Street Journal … Read more
Last week, we put out a piece explaining that foreign exchange traders see the US dollar as being strong and that American consumers are experiencing higher prices (meaning a weaker dollar). Today, the Wall Street Journal published a piece titled “Surging Dollar Raises Possibility of Parity With Euro” explaining that the dollar is strengthening against … Read more
An article about poor earnings reports from retail companies in today’s Wall Street Journal noted, “The results are prompting Wall Street to wrestle anew with the idea that the global economy could be headed for a recession.” We warned about stagflation in February. We said clearly in May that stagflation is here. And we most … Read more
Yesterday, we got the same question from an existing client and a prospective client. They both wanted to know if we were taking off our market short. We’ve been publicly short the S&P 500 (ticker: SPY) and the NASDAQ (ticker: QQQ) since the first week of January. It’s been our most profitable position this year … Read more
Want to know what oil stocks we’re buying and why? This video explains it all:
