When Less Money Starts Chasing More Shares Stocks Will Drop
For anyone who owns stocks 2013 has been a great year. For everyone else, the economy sucks. In 2013, the US stock market soared 30% and Exchange Traded Funds that invest in companies shrinking the number of shares rose over 42%. Read More
The Bureau of Labor Statistics reported 204,000 new November jobs and everybody said wow, the US economy must be doing better then we thought. Similarly, the Bureau of Economic Analysis reported that the US Gross Domestic Product grew by 2.8 percent in the September quarter. If you only used government data, the impression is that maybe the economy is indeed getting better and we can grow our way out of the current no growth swamp. Read More
TrimTabs’ Charles Biderman was on CNBC Thursday discussing where investors are putting their money after breaking down his data. “A huge amount went in [to equities] starting on Thursday when it became apparent that there would be a deal,” Biderman said. “It was actually a whopping $17 billion went into US equity mutual funds and exchange traded funds [ETFs] combined. That’s a huge amount of money.”
A key belief of mine is that inherent in the nature of government is that governments are not capable of effectively providing services. And by effectively, I mean in terms of dollars and hours. Yet, the biggest of the Big Lies, and one apparently believed by most Americans, is that government can effectively provide services. Read More
The idiocy in Washington on both sides is almost too tough to watch. First off, there is no government shutdown. Yes, about 500,000 government workers are on furlough and not getting paid right now. But over 20 million direct and indirect government workers are still on the job and getting paid! So how can a 2.5 percent, yes 2.5 percent, temporary reduction in workforce be called a shutdown? 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.