Archive for March, 2007
March 30, 2007 - I’m writing somewhat of an educational series now on why the only person you can depend on to build wealth is yourself. Although I’ve blogged about this before, I was reminded of this topic because when oil passed the $66 a barrel mark this week, all of a sudden, the $100 a barrel oil articles came out of the woodwork again. No more than just a couple of months $30 oil and $20 oil articles flooded the media as oil dropped to about $50 a barrel. In this blog I’m going to lay out the many reasons why investors that follow newsletters and the mass media often are goaded into extremely poor decisions that they regret down the road. Read more …
March 30th, 2007
March 21, 2007 - Everywhere global stock markets have rebounded whether in China, Australia, Europe, or the U.S. , short positions have decreased dramatically, and the bulls are back in full force. However, there are still two scenarios that every investor should be wary of, one that is very likely, and one that is near inevitable. The first event is that a more significant correction in those markets that have run up for the last six months with hardly a speed bump is necessary for them to experience additional significant growth. So the likelihood of a more significant correction, despite any short-term, or even intermediate strength, is still strong. Read more …
March 21st, 2007
March 20, 2007 -
“It’s the Wild West,” says Noritaka Akamatsu, the World Bank’s lead financial economist in Hanoi. This Is her description of the Vietnamese stock markets today In 2007. Perhaps we should say it is the “Wild Wild East”, the modern version of yesteryear’s Wild Wild West. Currently, there are an estimated 150 listed stocks publicly traded in Vietnam on the Ho Chi Minh Securities Exchange with hundreds more unlisted stocks Read more …
March 20th, 2007
March 13, 2007 - In a Special Bulletin that I sent to SmartKnowledgeU members only last week I wrote, “If you go back and check archived news in the U.S. financial media you will actually find stories of financial journalists who wrote about the correction in the U.S. markets being a one-day event. I noted that this was foolish and that sustained weakness was far more likely.” Read more …
March 13th, 2007
March 13, 2007-
Sometimes the U.S. Congress is foolish. In order to cover up the inadequacies of the federal reserve and poor fiscal policy, Congress wants to impose tariffs on Chinese goods, and in doing so, supposedly make U.S. goods more competitive against Chinese goods. Read more …
March 13th, 2007
March 11, 2007 - I’m sure you know of people that are perpetual bulls. These are the people that no matter what the situation in the global markets are always telling you that things are positive. Perpetual bulls tend to inhabit certain positions – Chief investment advisors at global firms, editors at investment newsletters, and so on. Why? Read more …
March 11th, 2007
Q: Has Your Blog Name Changed?
Just a quick note. We decided to change our blog title to “The Underground Investor™” from “Zen of Investing” because we noticed that someone unaffiliated with our company is constructing a website with the title “zen of investing” in the URL, presumably to capitalize off of our regular blog traffic. To make it clear that this website with the “zen of investing” title has absolutely zero affiliation with SmartKnowledgeU™, LLC, and to avoid any future confusion, we have decided to change the name of our blog.
March 9th, 2007
March 9, 2007 -
This week, in Kaeho’s Corner, my blog entry is going to focus on a particularly zen topic. O’ Sensei, the founder of Aikido scripted many lessons cumulatively that were thought to embody the art of peace. Here is one of those lessons: “The key to good technique is to keep your hands, feet, and hips straight and centered. If you are centered, you can move freely. The physical center is your belly; if your mind is set there as well, you are assured of victory in any endeavor.” Read more …
March 9th, 2007
March 7, 2007
Yesterday, just like clockwork, we received the bounce in global markets that always follows strong corrections. European, Asian, U.S. and Canadian markets all experienced a nice bounce in their respective stock markets. If we look at the Gold Bugs HUI index below, it is not uncommon for a reversal to occur after a breakdown below the crucial 200-day Simple Moving Average Read more …
March 7th, 2007
March 6, 2007 - Here’s an update regarding gold. I believe the big drop in gold prices that we saw last Friday was largely due in part to speculators at hedge funds that were forced to cover their positions in an appreciating yen (which they use to leverage their hedge funds) and in a weakening global stock market. Read more …
March 6th, 2007
March 4, 2007 - It’s funny how I continuously see articles originating out of the U.S. financial media that slam foreign markets as being dangerously risky, a crap shoot, and so on, yet never speak about the weaknesses of the U.S. markets. When foreign markets correct, it’s always due to their “greater risk” but when U.S. markets correct, it’s just a blip not to worry about. I guess it’s ignorance and part nationalistic pride. Read more …
March 4th, 2007
