I did a video May 8 entitled Sell in May and Then Go Away, in which I suggested that stocks this May would sell off for the third straight May. I was right. US stocks are down over 4% since then. The reason for the decline this May is pretty much the same as in May 2010 and May 2011. It is all about supply and demand: More shares chasing less money. Read More
TrimTabs President & CEO Charles Biderman sat down with Executive Vice President David Santschi to talk about some of the major problems facing Europe and the Euro, and how delusional thinking led to them.
Sausalito, CA – May 30, 2012 – TrimTabs Investment Research is launching the Biderman’s Market Picks video and print market advisory newsletter, which is currently positioned in a highly defensive manner.
“Thousands of retail investors have asked me through the years for a TrimTabs research product they can afford,” said Charles Biderman, CEO of TrimTabs. “This newsletter is designed for them.”
TrimTabs Says May Job Growth Too Weak to Lower Unemployment Rate
Sausalito, CA – May 30, 2012. TrimTabs Investment Research estimates the U.S. economy added 124,000 jobs in May, up only 7% from 116,000 new jobs in April. Meanwhile, the consensus view is that the Bureau of Labor Statistics will report job growth of between 150,000 and 175,000 on Friday.
The TrimTabs Money Blog is pleased to announce the launch of Biderman’s Market Picks, a weekly video newsletter by Charles Biderman. This newsletter is designed to help you maximize long term investment gains while minimizing short term risks.
Each weekly issue of Biderman’s Markets Picks has three parts. The first part covers what Charles is thinking about the stock market. The second part presents Charles’ views on the economy. The third part shows how Charles is investing a $100,000 model portfolio to try to profit from the information in the first two parts.
You don’t need an Einstein IQ to realize the world needs an economic ambulance. Just click on your TV set or scan the pages of your local paper and the message is loud and clear: the global economies are turning increasingly sour, what with U.S. economic data turning softer, China slowing and the Eurozone undergoing a deepening recession. In brief, it’s getting a lot scarier out there on Main Street, although you would be hard pressed to convince Wall Street of that fact, given the stock market’s vigor this year. Read More
Today there are two stories that describe the coming financial train wreck ahead — here and in Europe. Bloomberg quoted Mikel Echavarren, who heads a Madrid-based finance company as saying, “Spain has engaged in a policy of delay and pray. The problem has not been quantified by anyone because there is huge pressure not to tell the truth.” Today there are two stories that describe the coming financial train wreck ahead — here and in Europe. Bloomberg quoted Mikel Echavarren, who heads a Madrid-based finance company as saying, “Spain has engaged in a policy of delay and pray. The problem has not been quantified by anyone because there is huge pressure not to tell the truth.” Read More
Talking about gold with Mark Leibovit, one of the country’s dogged and frequently controversial gold trackers, is never dull or boring. Unlike many of his peers, Leibovit, a long-term gold bull, has no qualms about shouting fire when he thinks the price of the metal is headed south. You never know what he’s going to say or when he’ll occasionally shock you with some seemingly strange, off-the-wall forecast. Here’s a case in point. During a chat we had in September of 2009, just a few days after the price of the precious metal had just topped $1,000 an ounce on inflation worries and a weakening dollar, he suddenly struck me with the kind of talk you might expect from the strait-jacket crowd. “We will never see gold again below $1,000 in our lifetime.” he told me. Read More
By now there is no question that the Facebook IPO was totally screwed up. Not only was just about every aspect of the deal FUBARed, but the overall size of the deal, $18 billion, magnified the mess. Yes, Nasdaq and Morgan Stanley both did a horrible job. But ultimately the blame for the disaster is solely on Facebooks 27 year old CEO Mark Zuckerberg. All final decisions regarding each aspect of the IPO had to be made by Zuckerberg. That is what CEOs do. Read More