Archive for November, 2011

Debt-laden Eurozone faces a stark choice

Nov
27

The debt-laden Eurozone faces a stark choice: integrate further or break up.

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How Will U.S. Ever Repay Its Debt Except in Debased Dollars? Ratio of Federal Debt to Federal Revenue Soars to Post-WWII High of 6.8 in Fiscal 2011 as Economy Stagnates

Nov
25

While European countries such as Greece, Italy, Portugal, and Spain are hitting the debt wall now, we believe the U.S. will hit its own debt wall within the next few years if it does not curb its profligate fiscal and monetary policies.

The negotiations of the congressional super committee were pathetic. These politicians could not even cut $1.2 trillion from the deficit over the next ten years. This $1.2 trillion is equal to less than 3% of the $43.9 trillion the Congressional Budget Office projects the U.S. government will spend from fiscal 2012 through fiscal 2021.

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Biderman’s Daily Rant 11/22/2011: Explaining the One Percent’s Ascendancy

Nov
22


Occupy Wall Street is complaining that the top 1% are getting rich while the rest of us are not.

That happens to be an accurate perception. What is not accurate is that it is the capitalist system that is at fault.

No, the reason the rich have been getting much richer is that stock prices have been kept artificially high by government action, while home prices are collapsing, also as a result of government action.

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Biderman’s Daily Rant 11/21/2011: The Solution to Eurozone Mess; Germany takes control

Nov
21


There’s only one solution to the mess in Europe other than a complete breakup of the Eurozone back into its original parts. It’s called Fiscal Union where Germany takes control of Europe’s purse.

Jim Bianco says Fiscal Union is a polite way of saying Germany finally wins World War II. He asks whether the rest of Europe is ready to take orders from Berlin because they are going to have to.

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The Eurozone faces a stark choice: print money or break up

Nov
21

Recent trading in the bond market shows the ECB’s intervention has failed to stem contagion. While TrimTabs’ key demand indicators are moderately bullish, insider selling is soaring to highest level since May…

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Biderman’s Daily Rant 11/18/2011: When will housing prices stop falling?

Nov
18


A most important question for the financial well being of many Americans is when will home prices stop falling.

Unfortunately I still think we have another two to four years of lower home prices ahead of us. When home prices actually stop dropping and turn around really depends on when the US government lets the existing foreclosures be taken off the market by new buyers.
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Biderman’s Daily Rant 11/16/2011: A Sign of a Slowdown?

Nov
17

Individual investors have been taking money out of US equity mutual funds for the past 13 straight weeks and if trends continue, November will be the seventh consecutive month of big money leaving US equity funds. Year to date $90 billion has left US equity funds and over the four years since 2008 $370 billion has fled.

That outflow is probably not just a stock market call. I wouldn’t be surprised if a good portion of that outflow has gone to pay bills.

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Biderman’s Daily Rant for 11/15/2011: US companies are still the only buyers of US stocks

Nov
15


There has been and still is only one buyer of US stocks and that is the public companies themselves.

What’s more, US companies over the past month have increased their buying to $2.7 billion daily net of all share sales up from a $2 billion daily rate over the four months that started in July right after QE 2 ended.

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Schnapp’s Macro Minute: Why the Bureau of Labor Statistics Employment Report may not be the best measure of U.S. real-time employment.

Nov
11

The monthly Bureau of Labor Statistics (BLS) Employment Report is probably the most anticipated and watched economic indicator the U.S. government releases. Many industry decision makers base investment decisions on whether or not the employment numbers are better than expected or worse than expected. Yet more often than not, the BLS employment results are revised substantially from one month to the next.

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Secular Bear Market Probably Has Long Way to Run. Mainstream Media Continues to Tout Stocks for Long Run Despite Lofty Valuations.

Nov
11

The secular bear market that began in 2000 probably has a long way to run. The mainstream media continues to beat the drum of stock investing for the long run even though stocks are richly valued.

“The Young and the Riskless,” which appeared in the November 6 issue of the Wall Street Journal, explains how younger Americans have become more risk averse. The authors opine, “Investors who eschew risk at such a young age might be setting themselves up for disappointment. Without the compound effects that come with investing in equities for a long time, stock-less investors might find it nearly impossible to accumulate a big enough nest egg to retire at all, let alone in their 60s.”

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Charles BidermanCharles Biderman is the Chairman of TrimTabs Investment Research and Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS)

Biderman’s Practices of Success

I recently launched a new online course, Biderman's Practices of Success, on Curious.com (curious.com/charlesbiderman). The key to the practice of success is to be fully present in the moment and to be totally engaged in the important areas of life, particularly when we do not want to be. Read More.

Mr. Charles Biderman is an associated person of Trim Tabs Asset Management, LLC, an SEC-registered investment adviser. All opinions expressed by Mr. Biderman on this website are solely those of Mr. Biderman and do not reflect the opinions of Trim Tabs Asset Management, LLC, Trim Tabs Investment Research, Inc., their affiliates (collectively, “Trim Tabs”), or any other associated persons of Trim Tabs. No part of Mr. Biderman’s compensation from Trim Tabs is related to opinions which he expresses on this website, elsewhere on the internet, or in any other medium.

You should not treat any opinion expressed by Mr. Biderman as a recommendation to make an investment in any company discussed or cited in any of his postings. Mr. Biderman’s opinions are based upon information he considers credible, but which does not constitute research by Trim Tabs. Neither Mr. Biderman nor Trim Tabs warrants the completeness or accuracy of the information upon which Mr. Biderman’s opinions are based.

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