The S&P 500’s New 800-Pound Gorilla (or is it Albatross?) Unlike the practice of going “long,” investors who short a stock profit when it drops, not when it rises. So, shorting “TulipsRUs” at $500 share yields a $450 gain if the price collapses to $50. Ahhh, but what happens if “TulipsRUs” instead rockets to $1,000?...Read More
“Pot Calling the Kettle Black” — Updated “God is dead.” –Nietzsche “Nietzsche is dead.” –God In a nutshell, that’s my reaction to the news that Standard & Poor’s has put a majority of the Eurozone countries on alert for a credit ratings downgrade. That would be the same S&P that took payment from Wall Street to...Read More
