In the most recent issue of his newsletter, Extreme Value, Dan Ferris recommends an equity allocation model that I believe is perfect for today’s market. In fact, my own portfolio was already divided this way, before I heard him articulate his point of view.
In his words,
“I think you should be holding three types of equity positions: great brand names, hard assets, and short sales.
Read the full story
Petty criminals go to jail, while the biggest criminals of all are promoted, appointed and elected to the highest positions of power. Bernie Madoff didn't exactly run the country. But he did run one of the world's largest financial exchanges, when he served as Chairman of the NASDAQ.
Certainly you're familiar with the story. Read the full story
For the better part of a year, the "authorities" in Washington and on Wall Street, as well as most of the "experts" on television have been telling you that the "problems are contained". Bernanke himself said the losses in the financial sector shouldn't exceed $250 billion. The bailout alone is for $700 Read the full story
