Louis Basenese
Co-Founder, Chief Investment Strategist
Wall Street Daily
A former Wall Street consultant and analyst, Louis helped direct over $1 billion in institutional capital before founding Wall Street Daily where he serves as Chief Investment Strategist. In addition to being an expert on technology and small-cap stocks, Louis is also well versed in special situations, including Mergers & Acquisitions and spinoffs.
Ever the contrarian, his investment philosophy can be summed up by the words of Humphrey B. Neill: "When everybody thinks alike, everyone is likely to be wrong." Louis delights in challenging conventional Wall Street wisdom to unearth consistent double- and triple-digit winners. And for the last 10 years, he's done just that for readers who follow his recommendations.
Louis has been featured on CNBC's "Worldwide Exchange" and has appeared as a guest expert on several prominent financial radio shows. His commentary has been published in multiple online media outlets, including The Wall Street Journal, MarketWatch, Morningstar, MSN Money, The Street and AOL's Blogging Stocks, among others. Louis is also a top-rated speaker at financial conferences throughout the United States. A New Jersey native, Louis earned his MBA with honors from the Crummer Graduate School of Business at Rollins College.
Articles by Louis Basenese:
May 2013
Friday Charts: The World’s Worst Investors, Bernanke’s Legacy and Tragic Lies
Often imitated – but never duplicated – we’re serving up another round of our weekly charts. Remember, the concept couldn’t be any more straightforward. Since a picture can be worth 1,000 words, I try to zip my lips (well, mostly)… More »
How to Book 45% Gains in the Next Leg of the Real Estate Recovery
The world’s largest fixed-income manager, Pimco’s Bill Gross, told Bloomberg recently that he “see[s] bubbles everywhere.” Talk about an ominous statement for investors. But if his “everywhere” includes the residential real estate market, Mr. Gross is sorely mistaken. As I… More »
It’s An Inventory Problem, Stupid! Not Another Bubble
Sound the alarm! We’re witnessing another real estate bubble. At least, that’s what the mainstream financial press wants to scare us into believing. A recent Bloomberg article, entitled “Brooklyn to California Bubble Threat Grows in Rebound,” recounts an all-too familiar… More »
Beware of This Insidious New Currency Scam
It’s time to put some ice on a hot investing topic. Some ice cube, that is. In his 1993 hip hop anthem, O’Shea Jackson, better known as Ice Cube, raps… “You better check yo’ self before you wreck yo’ self…. More »
The Most Nagging Question About Stocks
If you constantly find yourself asking when the market is going to crash, you’re a paranoid freak. You’re not alone, either. By our best estimates, there are roughly 1.2 million such freaks trading the market each day. What would happen… More »
Time to Sell Stocks? Consult This Bear Market Checklist First
0-for-9. If any professional baseball player (particularly one in New York) puts up stats like that, he’s immediately booed and ridiculed. But when it comes to a particular stock market indicator, it’s actually a reason to celebrate. And guess what?… More »
Exposing the “Great Rotation” Exaggeration in One Chart
Let this be yet another reminder to trust, but verify, every bit of information on Wall Street. For months, we’ve heard that a “Great Rotation” is underway. That is, investors are dumping bonds and promptly putting the money back to… More »
My Three Proven Keys to Contrarian Investing
Over the course of my career, I’ve gone out on a limb multiple times… In the summer of 2008, when oil topped $140 barrel – and Wall Street banks predicated a “super spike” to $200 – I told readers to… More »
Friday Charts: A New Baby Boom, Inflation and the Scariest Jobs Chart Ever
If you’re a newbie to the Wall Street Daily Nation, you’re in for a treat. Each Friday, we abandon long-winded analysis to let some carefully selected graphics do the talking for us. But don’t let our brevity fool you. Most… More »
10 Shocking Earnings Season Trends (Part 2)
In yesterday’s column, I shared the startlingly low expectations analysts had for first-quarter earnings. And, of course, their predictions were rendered totally irrelevant. For the second consecutive quarter, S&P 500 companies are on pace to grow earnings by about two… More »
10 Shocking Earnings Season Trends (Part 1)
While most investors continue to track every jot and tittle of the market to see if we hit yet another record high, a more important situation is still unfolding. What could that possibly be? Oh, just a little something called… More »
Will the Real Unemployment Rate Please Stand Up?
Only in the government’s fantasy land does its math add up. On Friday, the Labor Department reported that the economy added 165,000 new jobs in April. It also revised February and March data up by a combined 114,000 jobs. More… More »
Dangerous Price Manipulation Rocks Energy Markets
A new investigation released by Wall Street Daily just revealed a disturbing pattern of price manipulation in the energy markets. The six-month investigation, conducted by renowned energy analyst, Karim Rahemtulla, was triggered by the incredible disparity in gas prices between… More »
Is Windstream the Next Dividend Death Trap?
As the saying goes, once you hit the top, there’s nowhere to go but down. And that’s especially true for companies making it to the list of the top five highest-yielding stocks in the S&P 500. Consider: Over the last… More »
Sell in May? Not According to These Three Charts
If repetition breeds retention, it’s time for an annual warning. Especially since it’s the first day of May. At this time of year, countless media outlets can’t help but regurgitate the investing adage “sell in May and go away.” Recent… More »
