Icahn is right though. So many large companies have levered up their balance sheets at low interest rates to buy back stock at ever increasing prices in order to manufacture rising EPS. When there's a recession, these companies will come under pressure of their heavier debt burden. He also...
And you were right. VRX tripled after this post, but today a lot of smart money lost big money on this stock: Ackman, Valueact, Sequoia Fund, Paulson, and others.
$20 billion Sequoia Fund had $7 billion riding on VRX as of 6/30/15...
http://www.valuewalk.com/2015/09/john-burbank-explains-qe-liquidity-risk-investing-in-innovation/?utm_source=mailchimp&utm_medium=email&utm_campaign=EMAIL_DAILY&utm_content=quick_link
I enjoyed the interview, but what's up with the ventriloquest dummy at the end?
Icahn had been bearish on high yield for about a year already. The video probably just reiterates his longstanding views. Nothing new really. He did once say if you want a friend on Wallstreet, get a dog.
I think it's worth watching what happens to Shanghai Index after Xi Jingping leaves the US on 9/28/15. Will the PPT over there keep holding up the market?
http://www.theguardian.com/world/2015/sep/22/china-president-xi-jinping-first-us-visit-seattle
According to the Guardian, "US officials plan...
Investors lost at least 21.7% (non-compounded loss) staying with his fund for the 3 years from 2012 to 2014, at a time when the stock market has been going virtually straight up.
Suddenly on Saturday a couple of Fed officials (Williams and Lacker) are again calling for a 2015 rate hike. I can't imagine that would be good for sentiment when stocks open for trading on Monday. So probably would have been wise to not be long this weekend. I'm flat...
Yes, the article confirms that "Fewer than 1% of day traders were able to predictably and reliably earn money from trading, according to a paper published in the Journal of Financial Markets last year."
If you didn't ace every single math class throughout your school years and get a 99%tile on the math portion of standardized exams, then the question is moot.
I like her front view more than her back view.
Here's another. Left one is good. Right one is somewhat thick. Got the feeling they're lesbos to get matching tatoos in the same location on the left ass cheek.