The China Catastrophe
China is about to make an announcement that will shake the world to its foundations - and that will destroy everything you've ever worked for. So says a renowned financial journalist on assignment in Asia - and the crazy thing is, he's famous for being right. He was one of the few to warn of the great tech stock meltdown of 2000… the housing and banking bust of 2007… and the recent boom in gold and commodity prices. Is he right again? Watch this shocking videofor free and judge for yourself.
March 16, 2012
"Jerry Maguire" Waves Goodbye to Goldman Sachs and its Muppets
By Shah Gilani, Capital Waves Strategist
By now you've heard about Greg Smith.
He's the former executive director of Goldman Sachs (NYSE: GS) who pulled a Jerry Maguire on Wednesday while resigning from the illustrious Vampire Squid.
In his New York Times op-ed piece, otherwise known as the scorched-earth letter, Mr. Smith explained that he resigned from Goldman because he could no longer abide by the firm's culture of ripping-off clients to line their own pockets.
The blunt frontal assault on the firm he once revered was a career move. What kind of career move remains to be seen.
But before I get into what really goes on behind Wall Street's velvet ropes and what Mr. Smith's pronouncements about Goldman's culture says about Goldman, let me say this about his future employment prospects.
I'd come out of retirement and start a new hedge fund if Mr. Smith would come on board.
In fact, after hearing all the hoopla about how he has burned any and all bridges he might have had as a Goldman alum and how he'll never work on The Street again, I can't help but laugh.
And I'm not the only one.
Bill Singer, a noted New York securities attorney who's not shy about speaking his mind openly and honestly, said to me, "Seriously, if the guy has as little as a $10 million book of business there'll be people all over him to come on-board. Not only that, but there are a lot of firms that would want to throw this in Goldman's face by hiring the guy."
Greg Smith's Jerry Maguire-like moment might just be the best career move he's ever made.
And I'm serious; I think he'd be a great addition to my new hedge fund operation. What do you say Greg?
Nothing New About Goldman Sachs
One thing is for certain: as biting as Smith's commentary was on Goldman Sachs, there were no new revelations about how the firm operates.
The bottom line about Goldman, according to Smith's op-ed piece, is that "people [at Goldman] push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client's goals. Absolutely. Every day, in fact."
Like I said, Smith's not delivering any revelations. It's not an insight into just Goldman, either. This mantra is essentially the Street Creed.
Wall Street only needs clients to make money for itself.
If you don't understand that, you don't know how the game is played − or how it's won.
To continue reading, please click here...
------------------------------
The crisis we'll ALL be talking about in five minutes
Right now, the pundits, politicians and analysts are talking about a looming crisis in energy - and that's important, to be sure. But the predicament that's REALLY going to knock the world for a loop is just now getting started... And as you'll see in this brief presentation, what happens in the next "five minutes" will change all of our lives, forever.
------------------------------
Forget About the Trade Deficit, Now is The Time to Invest in China
By Keith Fitz-Gerald, Chief Investment Strategist
You may have heard that China just posted the biggest trade deficit figures in over a decade .
Naturally, this caused the usual suspects who have been waiting - some would say hoping - for a Chinese crash to jump up and down with excitement.
But not so fast guys... one set of figures doesn't tell the entire story.
The truth is the $31.5 billion trade deficit is actually a sign that things inside China are growing and that imports are becoming a more viable part of China's future than ever before.
It's exactly as I've been telling Money Morning readers for several years now.
Up some 39.6% year-over-year, the numbers are far ahead of expectations and a good deal higher than the 15.3% contraction China experienced in January.
True, exports climbed at only 15.3% versus the 18.4% expected rate, but that's still plenty positive at a time when the so-called developed world is on track for overall growth of 1.3% according to The Conference Board.
Get used to it.
As China's wealth rises and its internal consumption strengthens, imports are going to decouple from exports and deficits like these will be the norm.
If anything, these numbers reinforce the notion that investors should be actively looking to China and be accumulating Chinese investments.
What Smart Investors Recognize about China
What's changed?
For starters, how China processes its imports. It used to be that the majority of stuff we sold them was fashioned into exportable goods that came boomeranging back to our shores as finished products.
In other words, we sold China handles and steel and they sold us shovels.
Maybe I'm exaggerating, but not by much. Today, more of China's imports now go straight to domestic consumption than we've ever seen before.
What's happening is not magic. There is no rocket science. No hocus pocus.
To continue reading, please click here...
Tech Stocks Soar on "Off the Charts" Demand for Apple Products
By Don Miller, Contributing Writer
If you're invested in technology stocks, you've had a great ride lately.
With demand for Apple Inc.'s (Nasdaq: AAPL) products soaring, tech stocks will continue to do well.
Tech stocks have posted a whopping 16% return in 2012, the top performing sector in the Standard & Poor's 500 index. By comparison, the broader market has notched just a 9% gain year-to-date (YTD).
"Large-cap technology stocks have exceeded our expectations with better revenues, earnings, margins and cash flows," Michael Sansoterra, a sub-adviser for the Ridgeworth Large Cap Growth Fund, told The Wall Street Journal. "You just can't find that elsewhere in the large-cap growth space."
Tech Stocks Offer Bargains
Even as they march higher, prices for tech stocks are a relative bargain.
To continue reading, please click here...
China is about to make an announcement that will shake the world to its foundations - and that will destroy everything you've ever worked for. So says a renowned financial journalist on assignment in Asia - and the crazy thing is, he's famous for being right. He was one of the few to warn of the great tech stock meltdown of 2000… the housing and banking bust of 2007… and the recent boom in gold and commodity prices. Is he right again? Watch this shocking videofor free and judge for yourself.
March 16, 2012
"Jerry Maguire" Waves Goodbye to Goldman Sachs and its Muppets
By Shah Gilani, Capital Waves Strategist
By now you've heard about Greg Smith.
He's the former executive director of Goldman Sachs (NYSE: GS) who pulled a Jerry Maguire on Wednesday while resigning from the illustrious Vampire Squid.
In his New York Times op-ed piece, otherwise known as the scorched-earth letter, Mr. Smith explained that he resigned from Goldman because he could no longer abide by the firm's culture of ripping-off clients to line their own pockets.
The blunt frontal assault on the firm he once revered was a career move. What kind of career move remains to be seen.
But before I get into what really goes on behind Wall Street's velvet ropes and what Mr. Smith's pronouncements about Goldman's culture says about Goldman, let me say this about his future employment prospects.
I'd come out of retirement and start a new hedge fund if Mr. Smith would come on board.
In fact, after hearing all the hoopla about how he has burned any and all bridges he might have had as a Goldman alum and how he'll never work on The Street again, I can't help but laugh.
And I'm not the only one.
Bill Singer, a noted New York securities attorney who's not shy about speaking his mind openly and honestly, said to me, "Seriously, if the guy has as little as a $10 million book of business there'll be people all over him to come on-board. Not only that, but there are a lot of firms that would want to throw this in Goldman's face by hiring the guy."
Greg Smith's Jerry Maguire-like moment might just be the best career move he's ever made.
And I'm serious; I think he'd be a great addition to my new hedge fund operation. What do you say Greg?
Nothing New About Goldman Sachs
One thing is for certain: as biting as Smith's commentary was on Goldman Sachs, there were no new revelations about how the firm operates.
The bottom line about Goldman, according to Smith's op-ed piece, is that "people [at Goldman] push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client's goals. Absolutely. Every day, in fact."
Like I said, Smith's not delivering any revelations. It's not an insight into just Goldman, either. This mantra is essentially the Street Creed.
Wall Street only needs clients to make money for itself.
If you don't understand that, you don't know how the game is played − or how it's won.
To continue reading, please click here...
------------------------------
The crisis we'll ALL be talking about in five minutes
Right now, the pundits, politicians and analysts are talking about a looming crisis in energy - and that's important, to be sure. But the predicament that's REALLY going to knock the world for a loop is just now getting started... And as you'll see in this brief presentation, what happens in the next "five minutes" will change all of our lives, forever.
------------------------------
Forget About the Trade Deficit, Now is The Time to Invest in China
By Keith Fitz-Gerald, Chief Investment Strategist
You may have heard that China just posted the biggest trade deficit figures in over a decade .
Naturally, this caused the usual suspects who have been waiting - some would say hoping - for a Chinese crash to jump up and down with excitement.
But not so fast guys... one set of figures doesn't tell the entire story.
The truth is the $31.5 billion trade deficit is actually a sign that things inside China are growing and that imports are becoming a more viable part of China's future than ever before.
It's exactly as I've been telling Money Morning readers for several years now.
Up some 39.6% year-over-year, the numbers are far ahead of expectations and a good deal higher than the 15.3% contraction China experienced in January.
True, exports climbed at only 15.3% versus the 18.4% expected rate, but that's still plenty positive at a time when the so-called developed world is on track for overall growth of 1.3% according to The Conference Board.
Get used to it.
As China's wealth rises and its internal consumption strengthens, imports are going to decouple from exports and deficits like these will be the norm.
If anything, these numbers reinforce the notion that investors should be actively looking to China and be accumulating Chinese investments.
What Smart Investors Recognize about China
What's changed?
For starters, how China processes its imports. It used to be that the majority of stuff we sold them was fashioned into exportable goods that came boomeranging back to our shores as finished products.
In other words, we sold China handles and steel and they sold us shovels.
Maybe I'm exaggerating, but not by much. Today, more of China's imports now go straight to domestic consumption than we've ever seen before.
What's happening is not magic. There is no rocket science. No hocus pocus.
To continue reading, please click here...
| I Really Wish You'd Bought This Stock A Message from William Patalon III, Executive Editor,Money Morning One morning a couple weeks ago, our e-commerce director handed me a stack of printouts - each one a glowing e-mail from aPrivate Briefing subscriber. "It looks like they made some serious cash on that recommendation," my colleague told me. "Bill, there are dozens more. I've never seen anything even close to this." He was referring to a biotech stock I had recommended only one month before. The company crushed analyst estimates - just as we predicted. In only 30 days, its shares zoomed as much as 60%. Happy e-mails have been rolling in ever since ... Charles P. said: "To say that I am happy would be an understatement"... Steve T. said: "I jumped on it and have been enjoying the ride up." Richard P., a California software expert, told me: "The recommendations and insight [your experts have] had is spot on. Your service is well worth the money... thank you!" If you still haven't joined Private Briefing, you're missing this and a whole lot more. Since that service was launched only six months ago, we've given our readers 41 winners - including 24 for double-digit gains. It's not surprising. After all, I cherry pick these recommendations from our top analysts - including Keith Fitz-Gerald, Dr. Kent Moors, Shah Gilani and Peter Krauth. The best part: It costs only $5. Go here to see what we have for you today. Don't miss the next winner. |
Tech Stocks Soar on "Off the Charts" Demand for Apple Products
By Don Miller, Contributing Writer
If you're invested in technology stocks, you've had a great ride lately.
With demand for Apple Inc.'s (Nasdaq: AAPL) products soaring, tech stocks will continue to do well.
Tech stocks have posted a whopping 16% return in 2012, the top performing sector in the Standard & Poor's 500 index. By comparison, the broader market has notched just a 9% gain year-to-date (YTD).
"Large-cap technology stocks have exceeded our expectations with better revenues, earnings, margins and cash flows," Michael Sansoterra, a sub-adviser for the Ridgeworth Large Cap Growth Fund, told The Wall Street Journal. "You just can't find that elsewhere in the large-cap growth space."
Tech Stocks Offer Bargains
Even as they march higher, prices for tech stocks are a relative bargain.
To continue reading, please click here...
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