In a column interesting, thought-provoking, informative and a bit infuriating all at the same time, Jon Markman says Endo Pharmaceuticals, makers of Percocet, is a "go-to" stock for next year?
Why? Aging baby boomers, he says, and that, even if you have to pay out of pocket, you'll cough up.
Showing posts with label Markman (Jon). Show all posts
Showing posts with label Markman (Jon). Show all posts
December 24, 2008
October 09, 2008
Dow needs to drop below 8,500
My take on a prescient July column from Jon Markman, updated at bottom
Using research from Michael Belkin, MSN’s Jon Markman, in one of his best columns, says the Dow needs to go that low before the bear market ends.
In a nutshell — if the Dow finishes below the average of its last 200 weeks for four weeks in a row (which the Dow now has), it usually heads for its 200-month low.
And, that low is about 8,360.
Plus, if the Dow, in the past, has hit a bear market and stayed there more than a year, it drops an average of 42 percent. Again, that gets us around 8,300 or so.
Markman’s advice to investors?
Stop fighting the bear. Use mini-rallies to help yourself as you can, but don’t expect too much.
Update, Oct. 9: And, here were are, or near that point. So, what’s the panic? Wells Fargo and Citi have enough money to fight over the corpse of Wachovia. If Paulson does a mini-Sweden on U.S. banks, the IMF will be reassured. The G7 meeting Friday will probably get enough big members of the EU on the same page to take care of things there.
We still have to reach the bottom on Main Street, and the Dow probably won’t break 10,000 and stay above it for 18 months, but we all knew this bubble needed bursting.
Using research from Michael Belkin, MSN’s Jon Markman, in one of his best columns, says the Dow needs to go that low before the bear market ends.
In a nutshell — if the Dow finishes below the average of its last 200 weeks for four weeks in a row (which the Dow now has), it usually heads for its 200-month low.
And, that low is about 8,360.
Plus, if the Dow, in the past, has hit a bear market and stayed there more than a year, it drops an average of 42 percent. Again, that gets us around 8,300 or so.
Markman’s advice to investors?
Stop fighting the bear. Use mini-rallies to help yourself as you can, but don’t expect too much.
Update, Oct. 9: And, here were are, or near that point. So, what’s the panic? Wells Fargo and Citi have enough money to fight over the corpse of Wachovia. If Paulson does a mini-Sweden on U.S. banks, the IMF will be reassured. The G7 meeting Friday will probably get enough big members of the EU on the same page to take care of things there.
We still have to reach the bottom on Main Street, and the Dow probably won’t break 10,000 and stay above it for 18 months, but we all knew this bubble needed bursting.
Financial fear and loathing even in Texas
Jon Markman reports that even oil-and-gas Texans are worried about national financial issues.
First, he points out loopholes in the bailout bill, such as this:
The work-around on this baby is obvious.
Next, Markman claims European backs have been even less regulated, hence the huge market drops there.
Meanwhile, Bill Fleckenstein says Wall Street still hasn’t cried “uncle” yet. For that and other reasons, he predicts a huge surge in gold prices.
Well, the Dow cried “uncle” enough today to fall below 9,000.
First, he points out loopholes in the bailout bill, such as this:
Emilio says bank lobbyists snookered the government by sneaking in an exception under subsection 3a, "Conditions on purchase authority for warrants and debt instruments." The clause, titled “Exceptions — De Minimis,” states that any debt instruments worth less than $100 million won't trigger the payback provision.
The work-around on this baby is obvious.
Next, Markman claims European backs have been even less regulated, hence the huge market drops there.
Meanwhile, Bill Fleckenstein says Wall Street still hasn’t cried “uncle” yet. For that and other reasons, he predicts a huge surge in gold prices.
Well, the Dow cried “uncle” enough today to fall below 9,000.
October 03, 2008
Bail out everybody with a zero-coupon bond?
Via Jon Markman, that’s another option to either version of the train wreck that’s passed through one house of Congress, per Brian Reynolds.
He says Paulson should give $500 billion in rebates to all Americans via Fannie Mae zero-coupon bonds maturing in 15 years.
John P. Hussman has a similar idea, not involving Fannie Mae, for a “superbond” to be issued, though not necessarily to every American citizen.
That all said, Markman thinks the bailout issue (in some festooned form or another) will pass, but probably won’t work.
He says Paulson should give $500 billion in rebates to all Americans via Fannie Mae zero-coupon bonds maturing in 15 years.
John P. Hussman has a similar idea, not involving Fannie Mae, for a “superbond” to be issued, though not necessarily to every American citizen.
That all said, Markman thinks the bailout issue (in some festooned form or another) will pass, but probably won’t work.
June 19, 2008
Iran anti-Israel talk is actually oil price talk
That’s Jon Markman’s take, in one of his rare columns that actually makes sense.
Markman says that, in essence, Prime Minister Ahmadnejad et al deliberately make anti-Israel comments just to up the “oil insecurity premium.” It’s obviously worked.
Markman says that, in essence, Prime Minister Ahmadnejad et al deliberately make anti-Israel comments just to up the “oil insecurity premium.” It’s obviously worked.
May 08, 2008
Jon Markman again bullishly idiotic on economy
Like David Leonhardt, he basically says, “there’s no real inflation,” and “we’re already rebounding from a non-recession.”
And, he actually thinks tax rebates (not yours, but things like accelerated depreciation for big corporations), will actually start the bounce-back any day now.
Here’s all of his latest stupidity. Here’s a good starter, as it’s his starter for the column:
Yeah, right. Try reading your fellow MSN columnist, Jim Jubak.
And, he actually thinks tax rebates (not yours, but things like accelerated depreciation for big corporations), will actually start the bounce-back any day now.
Here’s all of his latest stupidity. Here’s a good starter, as it’s his starter for the column:
An unprecedented flood of monetary and fiscal stimuli, and renewed global demand for our agricultural and industrial exports, appear to have yanked the U.S. economy out of a nose dive and landed it for a slow roll on the tarmac with just a few bumps and bruises.
Yeah, right. Try reading your fellow MSN columnist, Jim Jubak.
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