Portfolio holdings 2-5-16
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Why Mike Bloomberg Can Win - WSJ
I guess Mr. Bloomberg is running for President as an independent. When you announce publicly like he has that his "people are exploring a presidency run" that it means he has already decided to run…
To financial markets, the 2016 election will barely matter
I'd like to believe this but I don't. There could be big gyrations in stocks although it might not impact the overall indices. Not much will change, even if the wackiest candidate gets elected.…
Congress Tweet 'Unfortunate,' Lawyer Says as Shkreli Goes Online
If you haven't heard of this, you have been living in a shell. Shkreli is America's newest bad boy AND he is interesting and handsome and extremely bizarre. Martin Shkreli’s lawyer Benjamin Brafman…
Citi: 'We Should All Fear Oilmageddon'
I don't believe oil goes much lower although anything is possible. Oil stocks seem like they are stabilizing or diverging even a bit from the price of crude. That's probably the best indicator of…
Obama proposing $10-a-barrel oil tax to pay for clean transportation - MarketWatch
This would make perfect since if the tax was levied at foreign imports. Instead its designed to hurt a domestic industry already on the ropes. HS President Barack Obama is proposing a $10-a-barrel…
Portfolio holdings 2-1-16
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WhatsApp Hits 1 Billion Users, Fulfilling Zuckerberg's Promise
THE HEADLINE SHOULD READ FACEBOOK MADE JUST $10.2 MILLION IN REVENUE. WHEN YOU CAN DO NO WRONG, THE MARKET IS TELLING YOU TO SELL. When Facebook Inc.’s Mark Zuckerberg agreed to pay a staggering $19…
Trauma Lingers as Stocks' Worst January Since 2009 Incites Angst - Bloomberg Business
Maybe the best thing you can say about the worst January for stocks in seven years is that an excess of optimism won’t be a problem for equities in 2016.Even with the Standard & Poor’s 500…
Time to Buy Bank Stocks
Big U.S. banks are in better shape than they have been in years, and yet they trade at levels last seen in 2011. Why Citi, JPMorgan, BofA, and Wells Fargo could move up 20% or more this year. I hope…