It’s never easy to be contrarian, especially when everyone else thinks the world is ending, investors are panicking, and markets are tumbling. But it often pays to be greedy when others are fearful. However, it takes balls the size of boulders to put one’s money where their mouth is, and buy on these dips. If [...]
contrarian strategy
Wall Street: Inside The Collapse
Like we’re not outraged enough with the causes of The Great Recession, I just had to watch the CBS 60 Minutes episode, Wall Street: Inside the Collapse. This episode was basically an interview of non-fiction author and financial journalist, Michael Lewis and his insight into what caused Wall Street’s collapse. According to 60 Minutes: If [...]
Is It Different Now?
If you’ve been a long time reader of my blog and haven’t figured it out just yet, there’s one thing that really jerks my gherkin. It’s the oft-used phrase “it’s different now”. Let me explain why this bothers me. During the Thrift Savings crisis of the 1980′s new rules were instituted to prevent banking corruption [...]
Kindred Healthcare, Inc.
I placed a limit-order for 100 shares of Kindred Healthcare (KND) at $11.25 a couple of weeks ago after noticing that it was trending down. My order was filled on Friday after KND reached an intra day low of $11.13. A little primer – Kindred Healthcare is in the business of providing long-term health care. [...]
Contrarian Kicked To The Curb
One can’t discuss the concepts of contrarian investment strategies without mentioning the name David Dreman. Mr. Dreman is considered by many to be the Guru of contrarian investing and literally wrote the book on the subject. So, although it’s a little belated, I’d be remiss if I didn’t mention recent news of Mr. Dreman being [...]
Weekly Wrap
Another bullish rally in the stock markets this past week. The Dow ended up the week with 0.6% gain, the Nasdaq up 2.1%, and the S&P 500 up 1.4%. But where are we headed now? I mean, stocks can’t go any higher, right? What to do? What to do? Is it time to ditch stocks [...]