In reading Alexandra Scaggs' recent article in the Wall Street Journal titled "Dow Closes At Record High As Fed Reassures On Rates," I was struck how different the mainstream thinks from some of the people with whom I find myself in simpatico.
Scaggs quotes Curtis Holden, senior investment officer with Tanglewood Wealth Management, "We're not looking for any sudden moves by the Fed, and the comments were confirmation of that…Stocks look OK, and at the same time they don't look cheap either," said Tanglewood's Mr. Holden. "But relative to [bonds], stocks look pretty compelling…"
Continue reading "More than the Mainstream: Media" »
It looks like the real estate bubble is
back! I just got back from a conference where the CEO of Meritage Homes, Steve
Hilton, was bragging that Phoenix home prices were going up 2% a month.
He told investors that the cash on his balance sheet would go down as he
buys more lots. He doesn't want to miss the boat on this boom. Then
I saw this article in the Washington Post.
Continue reading "More than the Mainstream: Greater Fools" »
Last month, the Dow, S&P 500, and Russell 2000 were all up 4-6%. After that round of QE, everyone in the financial markets and mainstream media seemingly cheered.
“It’s clear that the global leaders are doing all they can to combat the slow economy…we look forward to a strong year-end rally,” Ryan Detrick, chief technical strategist at Schaeffer’s Investment Research said on CNBC.
Continue reading "More than the Mainstream: Mish’s Global" »
For years, people would complain about what they saw as the inherent partisanship of the mainstream media, “The Times is too liberal!” a Republican would yell. “The Journal is too right-wing!” Democrats would yell.
While I found this to be true, what really bothered me was the inability of mainstream media to create a connection between the day’s headlines and the larger picture.
So while I would use sources like the Wall Street Journal, the New York Times, and Bloomberg to monitor the headlines, I always was searching for sources that would help me bring context to them.
Continue reading "More than the Mainstream: Bronte Capital" »