Posts filed under “Really, really bad calls”

Marc Faber: Here Comes the Bear Market

Give credit where credit is due: Faber admits his prior crash forecast(s) were wrong.

How wrong? Calculated Risk observes that the market is up 40% since his 2012 prediction.

 

Marc Faber: The asset bubble has begun to burst, here comes the bear market

Source: CNBC

 

Category: Really, really bad calls, UnGuru, Video

Corporate America = UnAmerican

Today’s must read comes to us from Fortune, where editor at large Allan Sloane rails against “Positively un-American tax dodges.” Its your must read for today.     Let’s see if the our elected representatives can manage to stop behaving like 10 year olds long enough to resolve this.  

Category: Corporate Management, Economy, Really, really bad calls, Taxes and Policy

Worst Investment Ideas of 2014 (so far)

    My Sunday Washington Post Business Section column is out. This morning, we look at the worst investing ideas of the year. The print version had the full headline Where dumb money goes; the online version is the worst investing ideas this year. Here’s an excerpt from the column: “Here is the first half of…Read More

Category: Apprenticed Investor, Really, really bad calls

July 4th Park Rules

Freedom:   Source: The Vulgar Trader

Category: Humor, Really, really bad calls, Regulation

Another Epic Failure From the Worst Congress in History

This will be a short rant, as we prepare to head off to celebrate the birth of our nation with fireworks, barbeques, and the usual trappings of summer. I spite of the celebratory mood, I am troubled by the unrelenting incompetence of the U.S. Congress. Its inability to pass even the most basic legislation is…Read More

Category: Politics, Really, really bad calls

All NSA Revelations in One Chart

Source: ProPublica

Category: Digital Media, Legal, Politics, Really, really bad calls, Technology, War/Defense

Today in 1994: Garzarelli Fund Closed

via Jason Zweig: 1994: Remember Elaine Garzarelli, the “guru” at Shearson Lehman Brothers who “called” the Crash of 1987? Her Smith Barney Shearson Sector Analysis Fund, which sucked up $700 million in 1987 from investors dazzled by her forecasting ability, is shut down today as Smith Barney quietly merges Garzarelli’s fund into its Strategic Investor…Read More

Category: Investing, Really, really bad calls, UnGuru

Another Idiot Economist: “We Need a Major War to Save the Economy

Definitive Analysis: War Is Bad for the Economy Preface: Two weeks ago, well-known economist Tyler Cowen (a professor at George Mason University) argued in the New York Times that wars – especially “major wars” -  are good for the economy. Cowen joins extremely influential economists like Paul Krugman and Martin Feldstein – and various talking heads…Read More

Category: Really, really bad calls, Think Tank, War/Defense

Why I am Crossing Off the Red Cross From My Charity List

Whenever there is some global catastrophe, we break out the checkbook, sending a donation to the Red Cross. Whether it’s an earthquake in Haiti or a tsunami in Japan, many people’s natural inclination is to send money to one of world’s best-known charities. Superstorm Sandy hit the Northeast U.S. in October 2012, devastating parts of…Read More

Category: Really, really bad calls

Single Variable Market Analysis is for Losers

If you work in finance, you will invariably come across an example of single-variable analysis. Almost daily, we see terrible examples of this sort of analytic error, rife with logical weakness, yet offered with the highest degree of certainty. The way this works is as follows: Some ominous data point will be shown, along with…Read More

Category: Analysts, Data Analysis, Investing, Philosophy, Psychology, Quantitative, Really, really bad calls