Vitaliy Katsenelson
The pain of mean reversion
The stock market has dropped. Corporate profits have collapsed. And profit margins have reverted toward the mean. What is next?
Jeremy Siegel is brilliant, uplifting and just plain wrong!
S&P 500 earnings topped out at about $84 a share in June 2007, while corporate profit margins were 44% above their average since 1980.
Exxon Apostasy Continued…
A very interesting cover story article in BusinessWeek about Exxon Mobil (XOM). I am usually skeptical of cover story articles, especially from BusinessWeek.
Worries in the Middle East
The Middle East is not immune to the problems around the world and to some degree it’s probably more vulnerable as these countries have not faced a crisis in a while.
Putin – the New Capitalistic Pig?
I found myself in a very awkward state when I read this. Though I agree with Mr. Putin, how can I argue with this flawless rhetoric?
Chrysler – Fiat Deal is Horrible for GM and Ford
Fiat's and Chrysler's new partnership is borderline good or, at a minimum, a non-event for Chrysler. It's great for Fiat, but horrible for General Motors (GM) and Ford (F).
Super Value In Groceries
SuperValu's name and ticker symbol, SVU, are quite contradictory. One indicates a value manager's dream - super value, a great investment, while the other is an acronym for the special victims unit.
Dear Mr. Ex-KGB
Dear Mr. Ex-KGB, desperate times call for desperate measures. No kidding. I understand why you took the collapse of the Soviet Union model added some wishful thinking and applied it to the United States.
Exxon Apostasy
A basic property of religion is that the believer takes a leap of faith: to believe without expecting proof. Often you find this characteristic of religion in other, more unexpected places--like the stock market.
Exxon Apostasy
Today's discussion is about another religion stock that is about to get its religious veil stripped. I have to warn you, it is another infallible corporate icon that can do nothing wrong: Exxon Mobil--the biggest oil company in the world.
Frame of Reference
It is important to have an appropriate frame of reference when we evaluate things. Yes, things in the US will get worse in the near future, especially if your frame of reference is the recent past, late 90s and 2000s.
Expect Tensions with Russia
Russia's economy is deteriorating at a very fast pace. The Stabilization fund - a giant $450 billion savings account - has been depleted by a quarter since September as Russia tried to defend its currency.
A Far-East Fiasco?
An article on China piqued my interest. China plays a very important role in the global economy and thus I pay close attention to it.
Investing Books For The Stockings 2008
Read books that will bring you sanity, the ones that will snap you back into the shell of investor and out of the sorry shell of nervous observer of the daily stock market melodrama.
Russia Wrestles With Ruble Collapse
Bad decisions when times were fat spell a rough road ahead for those who hold their savings in Russian currency. It is amazing how things change in a few months.
The Incredible Jos. A. Bank
When I think of the Jos. A. Bank (JOSB), I think of Yogi Berra's saying "Nobody goes there because it is too crowded."
I’ll Buy “Stuff” Stocks When…
Let me tell you when I'll buy "stuff" stocks. It's when everyone stops telling me how cheap they are and that they are "buys."
The Process
Successful investing is about following a successful, time-proven process in good and bad times. Of course, the problem with the process - it may produce rather painful results.
Bail Out Capitalism, Not The Big Three
Government intervention in the financial system via the Troubled Asset Relief Program made me sick to my stomach, but without it, there is a real possibility that our economy would have come to a screeching halt
Audio Interview with Chuck Jaffe at MarketWatch
I had a fun radio/podcast interview today with Chuck Jaffe at MarketWatch, we “played” hold it or fold it with some of the stocks we own.
