Posts filed under “Analysts”

Kelly Evans Slaps Morgan Stanley’s Adam Parker

Category: Analysts, UnGuru, Video

Reagan’s Million-Jobs Month Revisited

* Sigh.* @TBPInvictus here I see once again that the canard about Reagan’s million-jobs-month is making the rounds: “Reagan’s best job month garnered the very top ranking since WWII with 1,114,000 jobs added in September 1983. A single month with more than a million jobs added. So far Obama can only wish for such a…Read More

Category: Analysts, Cognitive Foibles, Data Analysis, Financial Press, Really, really bad calls

Curse of the Macro Tourists

Scene: Dinner, Monday night Dramatis Personae: party of 8, including Fed staffer, Fund manager, VC, Trader, Media, et. al. (Notably absent were economists of any flavor, though some were present for pre-dinner drinks). Discussion: Post-mortem of Bernanke Q&A at press conference, how & when the Fed unwinds, whether the economy is strong enough to withstand…Read More

Category: Analysts, Apprenticed Investor, Investing, Psychology

Time for an important lesson with someone else picking up the tuition costs: It is the Meredith Whitney story, and it is instructive to those of us who work in finance and occasionally engage the media. Any of you who might think an outrageous call is the way to achieve lasting fame and fortune on…Read More

Category: Analysts, Credit, Really, really bad calls

US vs Canadian Bank Regulations: Money Boo Boo

Internal e-mails implicate credit rating agencies in the 2008 financial crisis.

Money Boo Boo

Monday June 24, 2013 (04:33)

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Jason Jones teaches regulation-loving Canadian bankers the advantages of harmless free-market fun.

Money Boo Boo – The Canadian Banking System

Monday June 24, 2013 (05:49)

Category: Analysts, Bailouts, Derivatives, Humor, Really, really bad calls, Regulation, Television, Video

World’s Shortest Analyst Report

      Hat tip Mike P  

Category: Analysts, Trading

Analysts Are Not Paid to Make Stock Recommendations

Source: SSRN, Motley Fool   News flash: Analysts exist to generate investment banking business and trading commissions; they are not here to assist you in making stock buys or sells. That is the conclusion of a recent study, but let’s be blunt: If you have been paying attention, you probably already knew this. At this…Read More

Category: Analysts, Investing, Trading

US Quantitative Primer 2013

Last week, I mentioned Merrill Lynch’s Market Analysis Technical Handbook. I was somewhat smitten by the wire house attempt to explain the basics of technicals to a broader layperson audience. Several BP readers at Mother Merrill (as she used to be known) directed my attention to another annual release: US Quantitative Primer 2013. It is…Read More

Category: Analysts, Digital Media, Quantitative

Bloomberg Economics: Free 2 Month Trial

Yesterday, I used a chart from Bloomberg Economics. An emailer asked: “How do I get access to that publication? The answer is below:     Click fro a trial subscription Source: Bloomberg

Category: Analysts, Digital Media, Financial Press

Dave Ramsey Does Not Understand “All Time Highs”

My wife happened to mention hearing a financial guru on the radio a little while back. I am always interested in knowing what financial gurus are saying (and thinking maybe it was Ritholtz or Rosenberg or Levkovich or someone else I personally know). I asked her who it was.

“Dave Ramsey,” she said.

“Dave who?” was my reply.

So I asked around – colleagues, friends in the business, etc. etc. Couldn’t get a bid. I turned to The Google and in short order realized that Dave Ramsey is the male version of Suze Orman. He seems to be a self-promoter with little actual experience or knowledge of financial markets or economics. But what really struck me was the condescending, patronizing tone he directs toward his callers. This a site refers to him as a “Christian financial guru,” yet he doesn’t seem to preach in very Christ-like manner.

I could write a thesis about all that’s wrong with this ilk. But rather than take the 30,000 feet view (that’s BR’s province), let’s get granular:

Should I Invest In Gold?

Once again, investors are reacting to the uncertainty in the stock market by investing in gold. Since the third quarter of 2010, the price of gold has jumped 40%, peaking at just over $1,900 an ounce. The “experts” are touting gold as the only “safe” investment in a volatile market.

So is now the time to buy gold?

No way!

Think about it: Why would you buy something at its all-time high?

Before we move on to the idiocy of the final sentence, let’s consider another aspect of what’s going on here.

Later in that same post:

Gold Stash is a quality company that will gladly buy any of your unused gold and silver. They do business the right way, going above and beyond. Dave wouldn’t endorse them if they did any less. With Gold Stash, you can take advantage of the high gold prices in a safe and responsible way.

So, not only is Mr. Ramsey advising against gold under nearly all circumstances, he’s recommending selling it to a company he “endorses,” who coinicentally happens to be an advertiser?

Oct. 13, 2009: “He never has, and he never will [advise buying gold]. Companies like GoldStash.com offer an outlet for you to make some money on your unwanted or unneeded jewelry. Dave will only endorse companies that he trusts, and Gold Stash is reputable, honest and absolutely trustworthy.” Gold price then: About $1,050/oz.).

Who is Gold Stash? Hmm. Well, there’s a tab that allows us to see who “Dave Recommends.” There’s Gold Stash. Funny thing is that at the bottom of that drop down is a link for us to “View all Advertisers.”

 

 

Gold Stash is an advertiser of his, and Dave wholeheartedly endorses them (and only them, apparently) and, coincidentally, is always – 100 percent of the time – bearish gold. Dave is so concerned about your financial well-being that he’s going to let those suckers at Gold Stash take the hit on your soon-to-be-worthless gold. What a guy.

Read More

Category: Analysts, Really, really bad calls, Think Tank, UnGuru