October 18, 2006 – Steve Wynn, the Las Vegas billionaire casino mogul, recently agreed to sell a 1932 Picasso painting “La Reve” to Connecticut hedge fund billionare Steven Cohen for USD $139 million, a $91 million profit in just 9 years of holding the painting. That is until he was showing off the painting in [...]

October 18, 2006 – As I’ve mentioned many times before, I expect to see a significant correction coming soon in the U.S. markets. Were it not for the imminent mid-term elections on Nov. 7th, I would call for strong and steep corrections to start within the next couple of weeks. However, the looming presence of [...]

October 17, 2006 – I’ve said many times on previous blog posts that the reasons I discuss the U.S. markets so often is that the U.S. markets drive all other markets around the world. It is quite common to see a record day on the S&P 500 followed by stellar days on the LSE and [...]

October 16, 2006 – U.S. Federal Reserve Chairman Ben Bernanke recently stated that the enormous U.S. trade deficit that the U.S. has incurred over the years is nothing to worry about because it merely reflects global savings patterns. He states that emerging economies have a huge glut of savings and thus the U.S. necessarily must [...]

October 14, 2006 – When you look at satellite images of Africa at night, it is truly amazing. It’s beautiful yet eerie at the same time. The entire continent, with the exception of the coasts of Algeria, Tunisia, and Morocco, and the nations of Egypt and South Africa, is just about dark. Especially in contrast [...]

Q: What Investment Film Do You Recommend? As the weekend is approaching, I thought I would keep today’s entry very light. Saw a trailer today for what looks like an amazing film about a man, Chris Gardner, who traveled a textured and emotionally challenging journey from the depths of homelessness in the early 1980′s and [...]

October 12, 2006 – As an afterthought on my blog entitled “State of Denial”, I thought about the accusation author Bob Woodward made that the Bush Administration, prior to the 2004 Presidential elections, asked then Saudi Ambassador to the U.S., Prince Bandar bin Sultan, to keep oil prices down (watch the video here). Again, given [...]

Q: Why am I Still Staying Away from Investing in Russia? I’ve written here a couple of times that Russia, now with the 4th largest reserves of any central bank in the world, is not to be ignored. However, I’ve also stated that until they clean up their political corruption issues, I’m staying away. First, [...]

Q: Why Do I Ask for Comments? To keep a pulse on investment topics that people would like to read, I glance at the analytics for my website quit often. I noticed that a reader in Namibia was reading my blog frequently and then disappeared. I noticed this week that new readers from Uruguay, Argentina, [...]

October 10, 2006 – On September 13th, I wrote this entry “Gold has increased volatility these days because of all the morons that run hedge funds that pump and dump commodities such as gold. Recently I’ve already read of numerous hedge funds that were forced to close due to millions of dollars they have lost [...]

October 10, 2006 On September 25th, I wrote a blog titled, “I’m Not Looking So Smart…Yet”. I added the “Yet” because I knew that both the events I was predicting despite media reports much to the contrary, would happen. I just wasn’t sure they would happen in the six weeks I had predicted them to [...]

October 9, 2006 – While I still like certain individual Chinese stocks, I don’t particularly like the banking industry in China. This week, there has been enormous hype surrounding the largest IPO in history planned on October 27th by the Industrial and Commercial Bank of China, which plans to raise USD $22 billion. To gain [...]

October 8, 2006 – In a previous blog, we mentioned that an abundance of perspective is a critical key to building significant amounts of wealth. Why? Because perspective is the only tool that allows you to sort out reality from the masses of junk contained in information that is circulated by the mass media today. [...]