market wizards

Now that policy makers worldwide have finally stepped in to stop the bleeding, we have had a relief rally of monumental proportions. Most global indices were deep into oversold territory, meaning that there was lots of pent-up demand for a…

This morning I woke up and was listening to Bloomberg Radio in bed when I heard Robert Shiller and John Ryding talking about about Paul Krugman. I quickly realized he was the Nobel Laureate in Economics for this year. Krugman, the…

You have probably heard people bandy about the term pro-cyclical as it has become a key concept for economists as we enter a downturn. The crux of pro-cyclicality is that some things rise with an upswing, but fall with downswings --…

Jeremy Grantham has seen this crash coming for quite some time. Nevertheless, he is not selling everything and waiting out the market in Kruggerrands and cash. has kept a good long-term perspective about investing that bears repeating here.…

Artificially low interest rates are what got us into this mess. Why should we think that they will help us get out? That's the question I ask myself and Marc Faber, otherwise known as Dr. Doom, answers that they won't.They certainly…

In a move widely anticipated for months by many analysts, Meredith Whitney amongst others, Bank of America has finally cut its dividend. Releasing its earning report two weeks early, BofA said it would cut the dividend 50%. I view the…

Here are five books you will NOT find me touting at the Credit Writedowns Amazon Store.Dow, 30,000 by 2008: Why It's Different This Time - Robert ZuccaroDow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market -…

With the Economic Patriot Act past the Senate - including hundreds of billions in pork barrel - sweeteners, it's time to focus in a little on politics. I'll lead off the round-up there, trying to keep it fair despite my obvious…

Warren Buffett is all over the place these days. He was busy investing at Constellation Energy and Goldman Sachs. Now, he's investing at GE -- $3 billion at that. Judging by his market timing approach, it does seem assets are cheap…

Yesterday, Nouriel Roubini, Professor of Business at New York University and most prescient prognosticator of the bubble, gave an interview to Bloomberg Radio. This is one of the most comprehensive interviews I have heard him give. It is…