Market is going higher. Healthy consilidation and built a strong base. Should breakout to new yearly highs from here into new year. Top picks EPD, Ez Corp. (EZPW), LG Display (LPL). And short higher edu school stocks, specifically Grand Canyon Education (LOPE), and basically anyone in the business of giving online diplomas in communication/business areas of study. Implementation of thesis Friday at the close and have been rewarded thus far. However with the exception of LG Display, these have 1-3 month time frame in my mind.
"These days investors have relearned that the investments everyone is talking about are usually ones you don't want to buy. The risks of chasing a highflier generally outweigh the rewards. It takes a 100% profit to recover from a 50% loss.
The best investments are usually the ones nobody is talking about. Ten years ago, everybody was talking about which technology stocks to buy. Almost nobody was talking about gold. The Bank of England could barely give the stuff away at $260 an ounce." Don't Chase Highflying Stocks - (WSJ)
"The sticker price of colleges has gone up well over the rate of inflation, for decades," he said. Indeed, if the price of gas had grown as much as the cost of a bachelor's degree since 1980, drivers would be filling up today for about $7.50 per gallon."
New street high price target for Amazon issued by Shittygroup - $170 (AMZN) No denying that they are bellwether and one of the most important/innovative in tech space. Along with AMZN my best of breed large cap tech names remain Apple (AAPL), and Google (GOOG).
If you have even a toe dipped in the stock market some exposure in these names is a no brainer. Look to (QTEC) for a diversified vehicle to take advantage of all three. (It's the Nasdaq 100, which includes pretty big weights in all three). The estimates got jacked much higher and quite a few shorts have gotten comfortable in the name. They will shit themselves and cover their bets like they have before.
Food for thought pertaining to the hyper inflation thesis. My thought is that it won't pan out in the doom and gloom scenario many are predicting but inflation will have to come in much higher than expected. Gold Isn't The Best Hedge For Inflation (Bloomberg) You can't just turn on the printing press like we have without the pendulum swinging the other direction.
I am all for being green and improving the system but I think this would just be yet another ponzi tax (ie: social security, the federal reserve) on the great majority. (Guardian: Carbon Trading Market - Bigger Than Oil?) This would be bullish for the exchanges if it gets rolled out in a big way. CME Group &; ICE
Although I wonder what compels people to agree to their photo session aesthetic. No one does long-form profiles like 'em. (VF: The Bank Job (Goldman) Muggin' it up for the camera knowingly. Like they just created programming algorithm to make trillions for firm using mental math, of course. Phhsst.
LINK: Rejection Lowers IQ: "Don't let other people belittle your ambitions. Only small people do that. Truly great people make you feel that you, too, can also become great."
Many of our peers are the modern day equivalent of horse-buggy sales reps biding their time as the new-fangled assembly line began pumping out car after car.Can't speak for all but I'm checked out for the weekend.
Ah, intellectual leverage & the social web.
The top 10 jobs in demand for 2010 did not even exist six years ago. Education can't keep with it. Meaning someone entering high school (even college) now need to be able to perform jobs that don't yet exist using technologies that have yet to be invented.
Know University of Phoenix right? Them the 'online' college. And will I am certain steamroll you or if no initial contact, try to trick you into getting on the line for the hard sell. (must read internal training memo) Oh other fun fact, our tax-dollars are bank rolling over 75% of loans. (link)
Outlet for the personal commentary, nervous energy, and youthful ambition of ingenuous young investment management professional. Taken by the allure and insanity of modern finance markets in a pre-TARP world my commentary reflects a cynical somewhat irreverent outlook. Overall, the tone is light and educational, because after all "stocks are fun"
