Dan Amoss, CFA, is a student of the Austrian school of economics, a discipline that he uses to identify imbalances in specific sectors of the market. He tracks aggressive accounting and other red flags that the market typically misses. Amoss is a Maryland native, a graduate of Loyola University Maryland, and earned his CFA charter in 2005. In spring 2008, he recommended Lehman Brothers puts, advising readers to hold the position as the stock fell from $45 to $12. Amoss is managing editor of the Strategic Short Report.
When investors extrapolate temporary conditions well into the future, trouble ensues. Right now, investors in industrial stocks — chemical, steel, machinery, and the like — are extrapolating the conditions of mid-to-late 2009 well into 2010.
Industrial companies enjoyed a unique boom time in the second half of 2009. Not only did ...read more
Kansas City Fed President Thomas Hoenig is one of the few policymakers who appear to grasp the following simple economic truism: There is no free lunch. In his April 7 speech “What About Zero?” Hoenig says, “Low rates, over time, systematically contribute to the buildup of financial imbalances by leading ...read more
The chasm between Wall Street and Main Street continues to grow. In the latest leg of the stock market rally, the attention of traders has focused more on the grammar in each Federal Reserve policy statement than on the “soft” depression that’s taking hold across America. Traders should really get ...read more
With new details emerging on the Lehman Brothers bankruptcy – including additional insights into why a firm with “robust liquidity positions” crumbled in 2008, investors are getting new insights into the tricks used by big banks to hide additional risk in their financials. Here’s a look at why the major ...read more
Who wants to bail out a very distant neighbor from the consequences of his foolish behavior?
European politicians are debating how to sell the idea of a bailout to their taxpaying, voting populations. This is an attempt to contain the damage from the last decade’s overspending of the Greek government. This ...read more
Wall Street continues to position itself for a typical rebound from a typical inventory-led recession. The groupthink among Wall Street strategists shows astonishing consensus in a recent research piece published by Birinyi Associates.
Birinyi compiled all of the 2010 strategist forecasts and calculated the following averages: a yearend S&P 500 target ...read more
While investors take a break from the market – busying themselves with holiday plans and vacation days instead – the equity bubble is getting closer and closer to popping once again. And right now, one recession-prone industry stands to fall the furthest. Here’s a look at why trucking stocks are ...read more
Leaders the world over are sowing the seeds of the next big financial crisis. When it comes, the few that were ready are going to have the opportunity of a lifetime to make a fortune. Here’s what you need to know to make sure you’re one step ahead…
Rising living standards ...read more
Don’t be fooled into thinking that we’re out of the woods yet. “Junk stocks” are setting themselves up for a colossal fall in the coming months – and it’s going to make some investors incredibly rich. Here’s how you play this doomed industry for gains…
“Junk stocks” have dramatically outperformed the ...read more
The pundits on CNBC and the nightly news are dead wrong about the economic recovery. And as Wall Street’s pros praise the economic strides they’re seeing, the market’s real fundamentals keep getting worse, while more and more regular investors are falling into the trap.
Here’s why the only way to make ...read more
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