Think Contrarian

The 100x P/E Ratio Time Bomb

The 100x P/E Ratio Time Bomb

What’s the most dangerous investing strategy you can imagine? In other words, if you were trying to systematically lose money, how would you go about doing it? Well, we know that value stocks tend to outperform over the long term. So an easy way to destroy our brokerage accounts should be to buy the most...

Why Now is the Time to Invest in Turkey

As a frequent flyer, I’m often eligible for last-minute upgrades. So when I heard my name called last week while I was waiting in the Newark Airport, I rushed up to the desk to claim my prize. To my dismay, however, I wasn’t getting an upgrade. Instead, I was being called into questioning by two...

Secret Ivy League Society Leaks Market’s Next Move

Secret Ivy League Society Leaks Market’s Next Move

Yesterday, we embarked on a mission to debunk seven of the most prevalent Wall Street myths. Myths like the imminence of hyperinflation and the fragility of the residential real estate recovery, among others. We recruited some helpful graphics to do the trick, too. And today, it’s time to finish the job. We’ve got four more...

Conspiracy Theorists Finally Get Their “Magic Bullet”

Conspiracy Theorists Finally Get Their “Magic Bullet”

For the next two days, we’re combining two of our favorite past times… Myth busting Wall Street’s most widely held beliefs and using carefully selected graphics to cut through the clutter and noise. By doing so, we aspire to take our insights to another level. Investment enlightenment never came so easily. Without further ado, let’s...

The Scariest Margin Call Since 1792

The Scariest Margin Call Since 1792

It’s St. Patrick’s Day, and apparently too many investors are feeling lucky. In the last week, a cacophony of warnings erupted from financial pundits over the latest margin debt figures. Why? Because the amounts of cash that investors are borrowing from their brokers to reportedly buy up more stocks topped $451 billion in January. That’s...

My Boldest Call Ever

My Boldest Call Ever

Last Saturday, I stuck my neck on the block by arguing for a BlackBerry (BBRY) turnaround. I know… it’s the ultimate contrarian call. But hear me out. I mentioned that four pillars hold the key to rebuilding BlackBerry. And I already covered the first pillar – automotive infotainment. This involved QNX – the software “microkernel”...

• China's Premier Falls on His Sword

China’s Premier Falls on His Sword

Words mean little on Fridays in the Wall Street Daily Nation. Instead, we let pretty pictures do most of the talking for us. Each week, I select a handful of graphics to put important economic and investing news into perspective for you. So I’ll try to shut up now… Confirmed: China is Crumbling That didn’t...

CEO Writes His Own Obituary, Then Drops Dead?

CEO Writes His Own Obituary, Then Drops Dead?

Don’t say I didn’t warn you… Nearly a month ago, I pointed out the terrible performance of retail stocks and warned against investing in the sector. Armed with a fresh set of data, it’s time to reiterate my stance. Especially since the talking heads keep trying to convince us otherwise. They swear that the sector’s...

Clerical Error Awards Every Employee $345 Million

Clerical Error Awards Every Employee $345 Million

“Markets can remain irrational a lot longer than you and I can remain solvent.” So said John Maynard Keynes, the famous British economist. And right now, irrationality certainly reigns in Silicon Valley. So much so, in fact, that I’m officially renaming it “Silly Valley.” Because that’s the only way to characterize the valuations being paid....

Largest Bet Against S&P 500 in History ($1.3 Billion)?

Largest Bet Against S&P 500 in History ($1.3 Billion)?

The latest cover of Barron’s rightly proclaims, “It’s a boom time for doomsayers.” But I’m here to tell you that the paranoia-inducing prognostications are only going to get bolder and more frequent. Why? Blame billionaire George Soros. On Friday, it became a matter of public record that his hedge fund firm increased its bearish bet...