Posts tagged ‘2010’

Top 10 of 2010

Last year is over, but you can relive some of the memories by enjoying a few of the more popular Investing Caffeine articles of 2010. If you have already read all of these, you can always take a vacation and return 365 days from now and read the best of 2011 then. Happy (not so) New Year!

John Mauldin: The Man Who Cries Wolf

Professional DoubleDip Guesses areProbablyWrong

Technical AnalysisAstrology or Lob Wedge?

Marathon Investing: Genesis of Cheap Stocks

PIMCOThe Downhill Marathon Machine

The Invisible Giant

Jobs: The Gluttonous Cash Hog

Getting off the Market Timing Treadmill

TMI: The Age of Information Overload

Lessons Learned from Financial Crisis Management 101

Wade W. Slome, CFA, CFP® 

Plan. Invest. Prosper. 

www.Sidoxia.com

DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients own certain exchange traded funds, but at the time of publishing SCM had no direct position in any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC “Contact” page.

January 7, 2011 at 1:00 am Leave a comment

My 10 Holiday Thank You’s of 2010

Source: Photobucket

10.) I am thankful for “QE2” (Quantitative Easing) because it broadens my thesaurus with another acronym meaning “printing press.”

9.) I am thankful for the Goldilocks “-flation” fears. Not too hot inflation and not too cold deflation makes Goldy feel just right.

8.) I am thankful for weak housing prices. Who wants to pay high property taxes?!

7.) I’m thankful to have another bloody, partisan midterm election behind us resulting in gridlock. Oops, I forgot, we just started a bloody, partisan 2012 Presidential election cycle. 

6.) I am thankful for May’s “Flash Crash” because I’m an adrenaline junkie and the financial crisis did not provide enough excitement in 2008-2009.

5.) I am thankful for the Irish banking system bailout. Misery loves company.

4.) I am thankful for higher commodity prices, specifically my long wheat futures position. I’ve effectively hedged my daily breakfast bowl of Wheaties

3.) I am thankful for the Chinese…for supporting our gluttonous consumerism by purchasing all our debt.

2.) I am thankful for a record year at Sidoxia. The launch and leading performance of Fusion added  to a memorable 2010 (read more).  

1.) I am thankful for the thousands of readers and followers who stopped by my site in 2010. Not only were the compliments appreciated by the die-hards (“Caffeiners”), but also the constructive feedback from casual visitors (i.e., “Slome, you’re a moron”).

Happy New Year and best wishes for a prosperous 2011!

Wade W. Slome, CFA, CFP® 

Plan. Invest. Prosper. 

www.Sidoxia.com

DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients own certain exchange traded funds, but at the time of publishing SCM had no direct position in BP, wheat futures, or any security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC “Contact” page.

December 22, 2010 at 1:08 am Leave a comment

Top 10 Predictions for 2010

#10.  Federal Reserve Chairman Ben Bernanke decides pundits were wrong on the housing bubble, so he sets Fed Funds target rate at negative -3.0%. Small businesses start receiving loans.

#9.  As part of healthcare reform, Medicare is extended to teens for collagen lip augmentation.

#8.  Goldman Sachs, Morgan Stanley, and Citigroup form tri-merger to guarantee they are too big to fail. 

#7.  Tiger Woods poses in Playgirl to pay for pricey revised terms in his prenup. (see previous post)

#6.  Gold spikes to $3,000 per ounce as government subsidizes dental chains in “cash for crowns” gold melting campaign. Consumers get extra cash, but Jujube candy sales plummet. (see previous post)

#5.  Bernie Madoff escapes from prison. A cigarette Ponzi Scheme created by Madoff generates enough money to bribe guards.

#4.  Apple introduces iPot – a combination iPhone and toilet.

#3.  Kazakhstan pays Brazil, Russia, India and China a 5% GDP royalty to be added to the emerging B-R-I-C-K countries. A win-win for all parties, including spelling teachers around the world.

#2.  Timothy Geithner retires from Treasury after making millions for being cast as Eddie Haskell in new remake of Leave It to Beaver movie. (see previous post)

#1.  Oprah decides to halt her retirement plans. Instead, she signs me to a multi-million dollar deal to co-host a stock & gossip show with her.

HAPPY 2010!!

Wade W. Slome, CFA, CFP®

Plan. Invest. Prosper. 

DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients own certain exchange traded funds (including BKF) and AAPL, but did not have any direct positions in any stock mentioned in this article at time of publication (including GS, MS, C, and GLD). No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC “Contact” page.

December 30, 2009 at 12:01 am Leave a comment

Decade in Review

We laughed, we cried, we kissed another ten years goodbye. It is virtually impossible to cram ten years into one article, nonetheless I will attempt to chronicle some of the central and silly events that bubble up in my memory bank.

2000

Capture of Elian Gonzalez

  • Technology-heavy NASDAQ index peaks at 5,132 before completing its -78% decline by late 2002.
  • Y2K (Year 2000) fears do not materialize and technology orders begin downward slide.
  • AOL buys Time Warner for $164 Billion in hopes of converging media and internet worlds.
  • Al Gore Democratic nominee for the Presidency wins popular vote but loses election to George Bush after effort for Florida recount fails.
  • Elian Gonzalez, six-year old boy returned to Cuba.
  • Reality TV show Survivor finishes first season with Richard Hatch winning prize.

2001

Enron Logo at Headquarters

  • Apple introduces iPod digital music player.
  • Enron files Chapter 11 bankruptcy.
  • Wikipedia online community encyclopedia launches.
  • 9/11 attacks occur pushing economy further down.
  • Alan Greenspan starts 1st of 11 rate cuts  in 2001.
  • China joins WTO (World Trade Organization).

2002

 

  • Severe Acute Respiratory Syndrome (SARS), an atypical form of pneumonia, rears its ugly head in the Guangdong Province of China. 
  • SEC files charges against WorldCom and Tyco international in connection with accounting irregularities
  • United Airlines files for bankruptcy.
  • American Idol television singing contest begins first season.
  • Guantanomo Bay detention camp is opened.

2003

  • Federal Funds rate reaches a 45 year low at 1.00% – fuel for future credit bubble.
  • $350 billion in tax cuts approved, spanning a ten year period.
  • Iraqi Gulf War II commences with “shock and awe” military campaign.
  • Space Shuttle Columbia disintegrates upon attempted reentry into the Earth’s atmosphere.
  • Broad stock market recovery (>90% of stocks in S&P500 climb), including a +50% rise in the NASDAQ index.
  • Martha Stewart indicted for using privileged investment information and then obstructing a federal investigation.
  • Arnold Schwarzenegger, movie star, becomes governor of California.

2004

  • Google (GOOG) goes public with IPO at $85 per share.
  • Mark Zuckerberg unveils Facebook and people begin “friending” each other.
  • Comcast makes failing unsolicited bid for Disney. K-Mart buys Sears with aid of Eddie Lampert
  • Ronald Reagan, 40th President, dies at 93.
  • Janet Jackson and Justin Timberlake experience “wardrobe malfunction” on Super Bowl halftime show.
  • Boston Red Sox win their first World series since 1918.

2005

  • P&G announces $57 billion acquisition of Gillette. Conoco Philips buys Burlington Resources for over $30 billion. Bank of America buys credit card company MBNA.
  • Ben Bernanke is nominated as new Federal Reserve Chairman.
  • Hurricane Katrina overwhelms New Orleans as 80% of city becomes covered with water.
  • North Korea announces its nuclear weapons arsenal.
  • YouTube starts sharing online videos before Google Inc. eventually buys company.
  • Lance Armstrong wins 7th consecutive Tour de France.

2006

  • Inverted yield curve turns out to be an accurate leading indicator for 2008 recession despite markets advance.
  • Internet activity accelerates: Google buys YouTube after News Corp buys MySpace. Twitter is introduced.
  • Playstation 3 (PS3) and Nintendo Wii unveiled.
  • Merger & acquisition activity reaches $3.79 trillion worldwide, surpassing previous 2000 peak (Thomson).
  • Options backdating takes center stage. United Health and technology companies were among those dragged into controversy.
  • Housing market peaks.

2007

 

  • Markets continue multi-year rally with three major indexes holding single-digit gains. Emerging markets build on previous year gains – Shanghai composite +97%.
  • Monoline insurers MBIA and rival Ambac become early canaries in the coal mine given the greater than $1 trillion in exposure on insuring securities.
  • Apple presents the iPhone – part phone, part music, part computer.
  • KKR (Kohlberg Kravis Roberts & Co.) and TPG complete $44.4 billion buyout of Texas power company TXU Corp.
  • Microsoft Vista operating system introduced after five years of development.
  • Housing decline accelerates as Countrywide Financial announces 12,000 job cuts (20% of its workforce), New Century Financial (#2 subprime lender at one point) files Chapter 11 bankruptcy, and two Bear Stearns mortgage based hedge funds go under.
  • Chuck Prince, Citigroup CEO, steps down.

2008

 

  • Bank of America agrees to buy Countrywide mortgage company for about $4 billion.
  • JPMorgan Chase agrees to buy Bear Stearns for $2 per share in a sale brokered by the Fed and the U.S. Treasury – eventually bid revised upwards to $10 per share (~$1.1 billion) to appease angry shareholders.
  • Lehman Brothers goes bankrupt.
  • Bank of America agrees to acquire Merrill Lynch for about $50 billion.
  • Government takes over AIG after providing insurance company $85 billion loan.
  • Goldman Sachs and Morgan Stanley become bank holding companies to improve access to capital.
  • Washington Mutual Inc. is seized by FDIC and sold to JPMorgan Chase in the biggest U.S. bank failure in history.
  • Wells Fargo & Co., agrees to purchase Wachovia for about $15.1 billion, trumping Citigroup’s bid.
  • $700 billion TARP (Troubled Asset Relief Program) eventually approved by Congress to stabilize financial system.
  • Eliot Spitzer resigns after prostitution scandal.
  • Michael Phelps wins eight gold medals at the 2008 Beijing Summer Olympics.

2009

 

  • Barack Obama inaugurated in as 44th President of the United States. Healthcare reform bills pass in both the House and Senate.
  • GM and Chrysler declare bankruptcy.
  • Recession ends as stimulus kicks in and inventories rebuild. Government announces new PPIP and TALF programs.
  • Warren Buffett pays $26 billion to buy Burlington Northern Santa Fe. Other announcements include: Oracle /Sun Microsystems; Pfizer/Wyeth; Merck/Schering Plough; and Pulte Homes/Centex.
  • Commodities and emerging markets rebound. Gold tops $1,000 per ounce.
  • Signs of housing bottoming as low mortgage rates, tax credits, and declining inventories create a more constructive environment.
  • Madoff goes to prison after he was convicted for a $65 billion Ponzi Scheme.
  • Chesley B. “Sully” Sullenberger successfully carries out the treacherous crash-landing of US Airways Flight 1549 into the Hudson River.
  • Dubai debt debacle forces Abu Dhabi to lend support to calm global markets.
  • Tiger Woods admits transgressions after car crash pushes him into spotlight.

2010 ???

Time will tell what the new year will bring. Stay tuned for some iron clad 2010 predictions coming to an Investing Caffeine blog near you in the not too distant future!

Wade W. Slome, CFA, CFP®

Plan. Invest. Prosper. 

DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients own certain exchange traded funds and BAC, AAPL, and GOOG, but did not have any direct positions in the following stocks mentioned in this article at time of publication (including AOL/TWX, VIA/CBS, NWS, TYC, UAUA, MSO, CMCSA, DIS, SHLD, PG, COP, Nintendo, MBI, ABK, MSFT, C, JPM, AIG, MS, WFC, GM, Chrysler, BRKA, ORCL, JAVA, PFE, MRK, PHM, BNI, LCC, GLD, and NKE). No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC “Contact” page.

December 29, 2009 at 1:00 am 1 comment


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