By Dan Dorfman
Dorfman And Dollars
Dan Dorfman follows the dollars and sense of the markets
It’s one of the biggest questions in sports, and a billion dollar-plus question at that. Who will buy the LA Dodgers? Even Billy Crystal raised the issue at the Academy Awards ceremony, quipping “Why don’t we chip in and buy the Dodgers?” Read More
Pollyanna is alive and well on Wall Street. What I mean by that is many on Wall Street want to believe that a stock market up by more than $9 trillion, or 100% from the March 2009 low, has to mean that the US economy is in a healthy long term recovery. Unfortunately, the Pollyannas are wrong. Their evidence of an improved labor market, higher corporate earnings and the return of the housing market are all based upon misleading data…Read More
A common question out there is how to be a successful long term investor in a world where the financial markets are being manipulated by the US Federal Reserve, the European and Japanese central banks; the major global economies are shrinking and there is a massive wealth transfer to the emerging world… Read More
Homebuilding stocks have skyrocketed so far this year. The Home Builder ETF (XHB) is up 16%, and KB Home (KBH), is up 76% and Ryland Group (RYL) is also outperforming, up 23%. Almost all the homebuilders are up more than the 8% gain for S&P 500. The melt-up in housing-related stocks is similar to what occurred at the same time a year ago. Back then, investors widely believed the US economy was coming back and therefore the housing market was bottoming. Then reality hit and real estate stock prices were knocked sharply lower…Read More
Greece was bailed out yesterday. Or so the headlines blare. In reality all that will be happening at some point in the near future is that the European Governments will give Greece enough money to pay back the European banks a portion of the money Greece owes those banks. In exchange Greece agrees to retrench its public sector and raise more money from everyone else. As if that will ever happen… Read More
Dorfman And Dollars
Dan Dorfman follows the dollars and sense of the markets
Americans participating in a recent Gallup poll showed the highest level of confidence in an economic recovery in a year. Sounds great, but you can’t ignore the nearly 13 million unemployed, the 46 million people on food stamps and the roughly 29% of the country’s homeowners whose mortgages are under water. They would find it hard to subscribe to the poll’s sunny conclusion. On the other hand, there’s no getting away from a bevy of seemingly increasingly favorable economic data, which, more recently, includes falling weekly jobless claims, four consecutive monthly gains in the leading economic indicators, somewhat perkier retail sales and a pickup in housing starts and business permits. Pounding home this cheerful view is the media’s growing drumbeat of increased economic vigor…Read More
Charles Biderman is the Chief Executive Officer of
TrimTabs Investment Research and Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS).
