I have been braying on this video channel that the European banking problem is so big as to be unsolvable. On a May 29 video I quoted a Spanish financier as saying: The Spanish loan loss problem has not been quantified by anyone because there is huge pressure not to tell the truth. Spain has engaged in a policy of delay and pray.
Apparently the delay is over, the can has gone as far down road as it could be kicked, whatever. Spanish banks are so broke that they are willing to open their books to the auditors. Yesterday the Spanish Economy Minister said that three groups of auditors, that include the top five American and one German firm as well as the IMF. Read More
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.
The Sting, starring Paul Newman, is one of my favorite films. It’s about a group of wily con men who rip off a gangster for big bucks in a phony racetrack betting scheme, a caper known as the “the big con.” Lo and behold, some market watchers suggest Wall Street, once again, is attempting to perpetrate its own version of the big con, this one on the average investor, what with its dogged and persistent pitch that it’s time to go fishing in the stock market because it’s deeply oversold and a big-time rally should get under way any time now. Read More
TrimTabs President & CEO Charles Biderman chatted with Warren Pollock about the future of Social Media and its potential impact in the future. Pollock calls social media an “unproductive endeavor” while Biderman claims it will be way people “govern themselves after the current system collapses.”
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.