Archive for September, 2012

TrimTabs CEO Charles Biderman Says Fed Easing Seems to Have Run out of Steam


Companies and Insiders Are Big Sellers, Signaling Pessimistic Outlook


Sausalito, CA, Sept. 28 — TrimTabs Investment Research CEO Charles Biderman says the Fed’s latest easing seems to have run out of steam.


“Back on Monday, September 17 when the S&P 500 closed at 1461, which was 15% higher than the June 4 low of 1278, I asked if a 20% pop in stock prices was the most we could expect from the Fed easing. It now looks as if I was right about the limitations of the Fed easing, and only a little too optimistic about how far it would boost the markets.” Read More

Bianco & Biderman Discuss Cost-Benefit of Fed Easing


Fed Easing Only Helped Stocks, Not Economy


Is the Bernanke Put dead or at least dying? I think so. Over the past seven trading days, the market value of all stocks is down half a trillion dollars, meaning that a quarter of the $2 trillion gain from the current easing has been given back. Read More

Did Stocks Peak September 17 When We Asked If Rally Was Over?


Back on Monday, September 17 when the S&P 500 closed at 1461, which was 15% higher then the June 4 low of 1278, I asked if a 20% pop in stock prices was the most we could expect from the Fed easing announced the prior Thursday, September 14. It now looks as if I was right about the limitations of the Fed easing, and only a little too optimistic about its effect on the market. Excuse me for a second while I pat myself on the back. Read More

Local Governments & States Hiding Entitlement Funding Gap Data


Today’s New York Times reported, “The Chicago Teachers’ Pension Fund has about $10 billion in assets, but is paying out more than $1 billion in benefits a year, much more than it has been taking in. That has forced it to sell investments, worth hundreds of millions of dollars a year, to pay retired teachers. Experts say the fund could collapse within a few years unless something is done.” Read More

Most Believe Easings Will Fail Yet Stocks Stay Up


Our good buddy Jim Bianco has a poll asking institutional types: Three years from today, what will be your opinion of the ECB’s unlimited bond buying and the Fed’s open ended purchases? No surprise to me, 77% are saying that the easings will be a complete failure that actually hurts the economies. Only 10% believe that it will be a modest success. Even worse 4% say they will be a big success. The rest say they are not sure. Read More

Is 20% Pop in Stocks Most We Can Expect From Current Fed Easing?


The US stock market is now up about 16% since early June when the Fed Wire, also known as Wall Street Journal Reporter John Hilsenrath, pre announced the fourth Fed easing. In order to answer the question how much more in higher stock prices can we expect from the current Fed easing, let us look at what happened after prior Fed easing. The first Fed easing was announced March 2009, and stocks soared 50% through April 2010 before correcting 20%. To be clear, by stocks I mean the S&P 500. Then in August 2010, when the second Fed easing was preannounced stocks jumped 40% up until April 2011 before another 20% correction. Then in September 2011 after the third easing was announced stocked popped 30% peaking in April of this year, but dropped only 11% before fourth easing was preannounced in June. Read More

Biderman’s Market Picks 9/17/2012


Biderman’s Market Picks Available Now!

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.

If you’re already a subscriber, please log in here. If you’re not a subscriber, you can buy single issues for just $10. For the next month, you can also buy an annual subscription for just $260, which is half off the regular price of $519.

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.

Put Charles’ insights to work in your portfolio right away! You can buy single issues for just $10 or buy an annual subscription for just $260.


The Latest Edition of TrimTabs Market Timing Index is now available!


The TrimTabs Market Timing Index lets you put the power of TrimTabs’ quantitative research to work in your own portfolio.

Betting against ETF investors, whom our research shows are usually horrible market timers, gives you the opportunity to profit from their mistakes. A back-tested model portfolio based on the TrimTabs Market Timing Index’s two-week market calls has outperformed the S&P 500 by 4.6% annualized since 2000 — May 2012.***

We offer three different market calls based on the TrimTabs Market Timing Index. You can choose the frequency that’s right for you based on how often you want to trade, or you can receive two or three market calls. Read More

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To Care About Election You Must Believe it Matters


Do you really care who will win the presidential election? If you do, you must believe that one of the two can really make a difference. I mostly avoid reading or watching anything about this upcoming election. The reason is that I don’t believe it matter who wins. Neither candidate has any chance, none, of making major changes in the way our special-interest dominated US representative form of government works, and therefore neither can make the changes to prevent the coming economic disaster. Read More

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 ( 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.