23 May, 2009
I had a good week in the markets this week. Treasuries were brutalized, while precious metals, especially silver, did well. I have been gradually pushing more portfolio in favor of commodities, especially silver, and betting against treasuries for a couple months now.
I believe politics and government will affect the economy significantly. With our current economic crisis and the people’s belief that the government must “do something,” I think we’ll see a lot of intervention.
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17 Jun, 2008
Over the past year, oil (the commodity) has rocketed upwards. In 2008 alone, USO (an ETF that track’s oil’s price) is up 44%. Over the past 52 weeks, this ETF is up around 12%. Oil’s price increase, and the associated increase gas costs, are all over the networks and on television. It seems you can’t watch a half hour news show without someone whining about the rising gas costs.
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26 May, 2008
The classic tech behemoth, Microsoft, has both a consumer and business customers. Most of us are familiar with its consumer side, though its business side is actually which brings in most of its revenues. Most of my knowledge is about Microsoft’s consumer side, whose prospects are looking increasingly atrocious in my opinion.
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13 May, 2008
The old stock market saying “buy low and sell high” is the opposite of what most individual investors do. While investors obviously want to see increasing returns, most inadvertently end up “buying high and selling low” instead. This is largely the result of human psychology and our tendency of wanting to chase yesterday’s hot returns.
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