Day

May 2, 2012
BP’s stock price has not fully recovered since the Macondo oil spill in 2010 despite rising oil prices.  In my opinion this is primarily a function of uncertainty pertaining the ultimate liabilities.  Once the final numbers are known I believe that it is very likely that BP will see an increase in price to trade...
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Europe needs to increase their monetary easing by issuing Euro bonds.  Any thoughts of inflation concerns seem very much unjustified given the current economic strife in the region.  Europe needs to treat this current turmoil as their economic Pearl Harbor, as the United States had to do in 2008-2009. http://www.bloomberg.com/news/2012-05-02/european-unemployment-rate-rises-to-highest-in-almost-15-years.html INVESTING IN THE FINANCIAL MARKETS...
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This article highlights the outperformance of the storage unit space over the last decade.  While it’s certainly helpful to analyze historical pricing, it is unfortunately likely that many market participants will believe that past performance is a good indicator of future performance.  I think the odds of storage units being the best performer over the...
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This article highlights the divergent paths that both Spain and Ireland have taken.  Where Ireland was quick to realize the severity of their problems, Spain has been living in a delusional state believing that by doing little the situation will somehow correct itself naturally.  To me this is really microcosm for the E.U. which has...
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In very encouraging news for the municipal bond sector, the amount of insured municipal bonds jumped 60% in the first quarter of 2012 from a year ago, to $3.7 billion.  One of T&T Capital Management’s core positions is in Assured Guaranty (AGO) which is really the only bond insurer writing new business. http://seekingalpha.com/article/476071-assured-guaranty-an-undervalued-diamond-in-the-rough The only...
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This was a really interesting article on some of the concerns that advertisers are having about Facebook, and the inability to track whether sales are coming directly from their advertising efforts.  I remember hearing similar concerns about search advertising earlier in its development and I think it is likely that Facebook will make it easier...
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This was a great interview with Jim Chanos where he outlines his short investment theses on China, the PC market, and Petrobras (PBR).  He describes his firms strategy as being long the market, and then his performance fee is based on the performance of his shorts beating the market.  I really agree with his sentiments...
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