Tuesday, February 27, 2007

Blog O'Note

Two blogs actually. "Calculated Risk"and "Big Picture."
First Calculated Risk, written by "a senior executive, retired from a public company, with a background in investing, finance and economics.. CR provided ubergeeky insider info on lending and charting the general economy."

Second, Barry Ritholtz at Big Picture. Barry is just one of those people that operate on a higher plane. Despite being smarter than three of us he finds the time to blog on current markets, for free. When you get serious he's got a paid site with advice that I've never heard anyone ever complain wasn't worth ten times what he charges. "Trenchant economic commentary"
- Floyd Norris, NY Times


On a down 200 point day both sites are replete with the absolute quiet certitude of people who know something others are still missing. Both places have authors and posters who know their stuff.

16 comments:

Casey Serin said...

Bwahahahah!!!! Haters!!!! Foreclose on me, and watch the Dow drop 200 points!!!!

Rob Dawg said...

LOL at that comment "Casey." I was just on the phone with my futures broker. Give me volatility. Bring it on. Globex gold plummeting but I was out Friday. Maybe a little lumber action tomorrow.

GameOver said...

Both sites are at the top of my favorites and the first places I read each morning. Well, right behind EN of course!

segfault said...

Speaking speculatively, it seems like the market has been up for several weeks in a row, so we are probably "due" for a pullback.

Most of my investments are mutual funds with no load and low expense ratios--boring, but I've had good returns from them over the years. I've never done the futures thing and don't have a broker.

I've tried to utilize "trading systems" as a small part of my otherwise boring portfolio and been burned every time, so I get really suspicious when someone tells me I can get higher returns. I'm open to discussion and suggestions, though.

Rob Dawg said...

segfault,
You are absolutely correct. I am getting burned in these speculative ventures as well. It doesn't create value and the expenses are just too high. Made money on some, lost on some like feeder cattle today, lost it all in AUS dollars that makes it all gone. Yes, this had better be a small part of one's portfolio but the education is no more than what I paid in tution in 1982 so as long as it pays educational dividends...

Nancy Raygun said...

Uh oh, don't go all learning experience failing forward on us.

Just say no to IAFFisms.

segfault said...

nancy raygun @ 12:00:

I guess no one's gotten burned unless they choose to look at it that way.

Anonymous said...

http://bigpicture.typepad.com/comments/files/airraida.mpg

Casey Serin said...

Bwahahahah!!!! Haters!!!! Just you wait!!!! If you foreclose on me a third time, your precious Dow will go down 300 points!!!!!

ratlab said...

I fail to see how a 10% in the Shanghai Exchange caused the Dow to freak out. It's not even the Hang Seng. It was projected to be a -75 opening for the Dow this morning, but I guess it busted through that.

Rob Dawg said...

First the China 10% was the first 10%. It wasn't allowed to go lower so the signal was "something unknowably more than 10%." Second, our particular focus on housing is rotting out from under a lot of positions. Toll and a bunch of others down 6%. BFD that's half their recent irrational rise. Third, margin investing is at all time highs. Fourth, there is no idea what a subprime meltdown is doing or worse what a hedge dominoe effect would cause. The first Chinese drop was thunder not lightning.

Red Pig and Lucky Element said...

The past three years, Monkey 2004, Chicken 2005 and Dog 2006 are Metal cycles. Year of Red Pig 2007 is the beginning year of the Water cycle. Therefore the coming three years are favorable to people whose lucky element is Water.

Basically, Pig contains Water and Wood. Red is related Fire. In short, people will have better luck in 2007, if their Lucky Element is Water, Wood or Fire.

ratlab said...

I can't get myself to do some sort of short play on the national home builders since there have been no significant drops in stock price despite inventory build-up and land impairments. Maybe today will be the catalyst. Time for me to move money out of CDs and back into a trading account.

ratlab said...

Oh yeah, 400 points down. Day low of 500. Ahh, harkens memories of '00 and '01.

If Your Lucky Element is Earth or Metal said...

If your Lucky Element is Metal, then you need to pay more attention to your people relationships.

Also, your money luck might be cut in half.

If your Birth Chart has no Fire and Lucky Element is Earth, then you need to keep focused, alert and vigilant on your safety, investment, career, health and people relationships

Sprezzatura said...

Ritholz's site kicks ass.