Archive for the ‘Celebrities’ Category
What Legendary Trader Paul Tudor Jones Thinks About Oil…
You know how I’m always saying don’t listen to anybody in the financial media cuz none of them have any major trading gains/wealth, all just claim to have “experience”. (And no, Cramer’s $50mil does not count as “major” trading gains.) Well, there are a few good men out there that have more than experience, they have fortunes, so when they talk, you should listen.
Before I featured what billionaire George Soros had to say about the economy (see interview HERE), now it’s time for you to hear what fellow legendary/billionaire hedge fund manager Paul Tudor Jones (see bio HERE), a guy who banked during the 1987 crash, now oversees $18 billion, and hasn’t had a down year since he began in 1980, says about oil coming at you thanks to an article in Alpha by way of a great post on 1440:
Is the price of oil high for fundamental reasons, or are hedge fund managers and Wall Street driving it up?
It’s a very bullish supply-and-demand situation, and the peak oil theory is probably correct. But the run-up in prices is now bringing in an enormous amount of speculative, nontraditional capital such as pension funds and university endowments — principally through index products.
Commodities have been the worst-performing asset class behind stocks, bonds and real estate for the past 200 years, but Wall Street doesn’t highlight that long history when selling commodity index instruments today. Instead, it shows a chart of the bull market of the past 12 years to rationalize why some pensioner should be long cattle futures in the derivatives markets as part of a basket.
I am sure they were using similar logic about tulips three centuries ago. Oil is a huge mania, and it’s going to end badly. We’ve seen it play out hundreds of times over the centuries, and this is no different. It’s just the nature of a rip-roaring bull market. Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic.
Click the links above to the original article, but yes, you heard it from the billionaire himself–he thinks the oil bubble goes pop. Interesting, to say the least, especially for longterm shareholders of Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), ConocoPhillips (COP), Schlumberger Limited (SLB) who have all become fat and cocky with too many profits. Now, there are several billionaires who would disagree, but they mostly got that way through investing in the industry whereas PTJ is one of the greatest traders of all time.
On a slow pump and dump day like today, this is something to think about…a fun little guessing game. A few months back, I was fortunate enough to have an hour or so chat with PTJ’s right hand man, Peter Borish, and came away thoroughly impressed so based on that convo and PTJ’s track record, I’d go with them, just as people thinking about trading penny stocks should learn from someone with a superior track record like me (see the ultimate guide to Penny Stock trading aka PennyStocking HERE!)
MarketMania Cage Match: Jim Cramer vs. Ken Heebner
Unlike most financial freaks, you know I like to stay faaaaaaar away for the economic guessing game, not because I don’t have opinions/do research on consumer spending, oil, housing, etc. but because I don’t pretend to be able to guess the changing time lags associated with pricing these issues into the stock market. Yup, that’s right, there are tons of time lags and we petty humans have no friggin idea.
So, I’ll keep making my pretty non-scalable 7 month 70% returns and let others whose business is scalable guessing games duke it out.
Tonight’s death match is between two “financial experts” who are polar opposites:
“There’s Always A Bull Market Somewhere” Jim Cramer who has suddenly started saying inappropriate/dangerous/emotional stuff like
Why Tiger Woods Makes You Smile & Exemplifies The Beautiful Democracy Of Online Video
I was busy working on a dozen or so projects yesterday so unfortunately I missed seeing Tiger Woods’ US Open amazing comeback. Almost immediately, I wanted to see clips of the miraculous shots that were being blogged and written about far and wide…I went To ESPN.com–no updated video, just commentary…Yahoo! Sports, same…PGATOUR.com, same…USOPEN.com, guess.
Is That Really Maria Bartiromo?
I
A Legendary Trader’s Music Video…Seriously
Other than legendary billionaire traders, you should listen to legendary-not-quite-a-billionaire-but-still-damn-successful-traders like Ed Seykota who’s featured in required reading Market Wizards. There’s little doubt as to his trading abilities, his musical talent, well,that’s a whole different story…let’s see what you guys think:
Gratzie Covel
The Second CNBC Stock Pump In As Many Days
I’m always ripping on Inspectd.com for being too simplistic/dangerous/giving chart reading a bad name…here’s a perfect example why, GTE, the latest Jim-Cramer/The Rock CNBC/WWE pump…yup, it’s been a whole 2 days since the last one…hurtful to naive investors…unethical…great for speculators…wake the f%#@ up SEC!
Chart shows a clear breakout, but it’s already off its high cuz this ain’t big-time breakout-type news. Sure, shorts are scared—as they should be—Jim/Dwayne/Cramer/Johnson’s no dummie for picking a solidly uptrending stock near its highs…but c’mon, can you smell the fakeout cookin’?
UPDATE: Now TITN breaks out to a new high thanks to a CNBC ention–damn, stock promotion is a happening biz, Lebed, you must be making some good $, right? Maybe CNBC should think about getting reimbursed by these companies, just put a lil disclaimer that no naive investor would ever see…c’mon Ge, you know you wanna, get those annual profits up from $300mil to $400mil, you can do it, you can do it all night loooooooooong!
Disclaimer: I have no position in either stock, I’ve tried playing The Rock’s picks from both sides, some stay up, some reverse, no edge, not much predictability, no thanks…I just think it’s wrong how the WWE frames it, creates a lot of unnecessary bad blood, ya dig
Good Financial Advice From Real Wall Streeters: Listen To Billionaires Over Journalists And Talking Heads
Here’s a great 3-part interview the man himself, Mr. George Soros, whose current net worth is north of $8 billion, all created through financial speculation. If you don’t know who he is, first be ashamed, then see his bio HERE. Then click the picture below to watch the pathetically unembeddable video:
Now that’s an interview! Always trust the views of experienced/proven-successful billionaires over that of the experienced-sounding but success-lacking journalists, marketers and talking heads who infest our great industry.
Ashley Dupre Girls Gone Wild Pics, aka It Never Ends!
Forget about at least one of her $1 million offers, now it turns out all around “classy” girl AA Dupre has already filmed weeks worth of “classy” videos for Girls Gone Wild, owned by all around “classy” guy Joe Francis. Check out the pics below and try to guess which guy/guys paid nothing for what Spitzer paid with his career!
UPDATE: Now, we’re hearing Dupre was 17 when she filmed GGW so a blockbuster video looks to be out…for now. You know Dupre’s lawyers are gonna try and turn this around on Joe Francis–the twists and turns never end!
TIM Lesson: Ashley Dupre Proves Hype Lasts Longer Than Expected
Now we can throw another celebrity into the Ashley Dupre mix: Charlie Sheen. THIS article inspired my good friend Fattie Mattie to craft this pic.
UPDATE: Apparently, Dupre also was close with legendary short seller Jim Chanos!! (says the trashy New York Post) Article is from yesterday, gotta do better gossip research, maybe I just don’t care anymore since there’s no stock with which to play!
I liked it so much, I gave it my website seal of approval—so all you starving artists out there, send me your work and I might also feature it, giving due credit of course.
PS Considering she’s a “high-class” call girl, my Spidey sense tells me the list of celebrity hook ups is just beginning. If you’re a celebrity, raise your hand if you have NOT had sex with Dupre, that line is probly shorter than those who have/will have…
PPS I notice less than 300 people have signed up for my FREE GIVEAWAY of my NO BS $300 Instructional DVD PennyStocking to be awarded to some luck soul at noon on Thursday, March 20. If that’s really all the interest out there, I’ve severely overestimated my market size! It’s 100% free, sign-up damnit!
I’m Loving Sundance 2008
This is my fourth trip and it just seems to get better every year. Great movies (well, maybe not this year…yet), crazy party scene (even though Utah’s drinking laws are ridiculous), still managed to sneak my way into a private U2 performance for 300 guests, including some big time Hollywood people like Harvey Weinstein and Colin Farrell and some good food (the restaurants here suck, but my boy Cleaver cooked his incredible annual steak dinner).
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
