Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Markets
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Sunday March 21 2010 Is there a compelling reason to buy gold now? The cable TV channels have everyone from someone claiming to be a former Treasury big wig to Gordon Liddy, famous Federal Inmate Bigwig, telling us to buy gold. Such magazine cover story headlines usually occur at market tops, not bottoms. Let’s take…
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Wed March 17 2010 In the 1930s Congress passed a disaster called the Smoot Hawley tariffs, this raised the cost of goods coming to the US, of course this resulted in the rest of the world raising tariffs which slowed trade everywhere, there were smaller markets for all exports as a result. So what hair…
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Wed March 17 2010 It is always time to listen to Jim Rogers, at least when we get the chance. He suggests all the govts in the world have printed all the money they can, in the next pullback they will run out of trees to print money. He last bought stocks in November 2008.…
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Tuesday March 9 2010 Bunker Hunt bought position limits of silver futures contracts in 1980. Then instead of closing out the position with cash settlement, he wanted physical delivery of the silver. There was not that much silver to be had so the price sky rocketed as traders scrambled to cover their positions. Unamused, the…
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Sat March 6 2010 Every stock market era has its favored high tech stock, the 1720s had the South Sea Company (the spice trade), the 1920s had RCA (radio), the 1950s-60s had IBM (Spencer Tracy Kate Hepburn even featured IBM in a movie, Desk Set) and later color television along and now we have, yes…
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Monday March 1 2010 THe markets are exhibiting the first real setback since the launch last March 9. The pullback in July never turned MACD down at bottom. But the long slow drawn out top from this fall finally has. Is it significant? Well fewer stocks are participating. The first of the month brings…
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Tuesday Feb 2 2010 Each year Barrons begins with their Roundtable Discussion by various market experts. I read Installment Three in the Feb 1 2010 edition yesterday. While widely respected Bill Gross continues to talk about the New Normal, PIMCO's term for an era of reduced expeectations, what struck me was the nonchalance of all…
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Friday Jan 29 2010 Click on the chart for a larger view. The red and blue lines are exponential moving averages MAs. The red and black bars are the price ranges for stocks in a week long activity. In the summer of 2007 we got a crossover of the MAs to the downside, this is…
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Cupertino, CA Apple Computer announced the highest profit and gross revenue in its history. It is now a $50 billion sales company. Steve Jobs at the much anticipated Apple iPad Announcement Conventional wisdom has it that earnings drive stock prices, so Apple stock went up on these announcements, right? As a matter of fact Apple…
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Thursday January 28 2010 While Mr. Friedman and I do not come to all the same conclusions he draws in this column, his comments about Goldman and situational ethics are spot on. Yesterday in Ethics class we discussed the idea that an ethical person does not change his or her position based on the situation.…
Professor Elam 