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Dennis Gartman, George Soros, Mark Faber and solar
By Rob | May 7, 2008
What is wrong with people who are stuck in the past? A reader was mad at me, because solar stocks are going up. What am I suppose to do? I don’t see this as a fad, I see it as a way of life, a way of survival. Yes, solar stocks went up a lot, but the world is going THAT way and not everyone has bought solar yet in order to call this a bubble.
I see entire futuristic cities built on solars, specially in the Southern Belt. I see the sun energy as one of the three main energies that we would continue to use more and more this century. So act accordingly. Recommendation: Here is a good book to learn more about solar investments
Also, my friend Dennis Gartman today said that buying gold is a crapshoot and “What we have this morning is a bounce, a technical bounce, led we suspect by some buying of gold by Indians who see gold now as cheap and who have a propensity to buy gold for the Akshaya Tritiya holiday there,’ said Gartman. The Latest book with a foreword by Dennis Gartman
Also, do you know that George Soros is trying to buy an entire Italian soccer team. Well just today we pulled out of his offer and shares of Roma halted trading. Guess where they will open tommorow. 
Here is The Latest book from Soros 2008
Last, Mark Faber agreed to my dollar-rally hypothesis as well: ” The U.S. dollar may rise against world currencies for the next two or three months, sending commodity prices and stocks lower. The U.S. economy is in a recession but that doesn’t mean the whole thing is going to fall apart.”
INVESTMENT IDEAS: China, Mexico, Malaysia and Taiwan are the only countries on a short term basis that are not overbought.
GOLD: Mr Gartman does not like gold, however, Goldman this morning argued: ” We remain bullish on gold prices over the next 12 months. We believe that the pullback in gold equities
caused by declining gold prices, as the US dollar strengthened versus major currencies, provides great buying opportunities. We recommend investors to buy Barrick Gold (ABX) given its leverage to gold prices, best in class project pipeline and strong exploration/prospect development track record. Lord Wallie says: avoid gold, while the dollar rally in the next 1-2 months.
ASSET MANAGERS: I like Janus (JNS) with best considering improving AUM, however, Eaton Vance (EV) and T. Rowe Price (TROW) are already close to 30% up since March-31. However, wait for the hedgies such as Och Ziff (OZM) and Fortress Investments (FIG) to start recovering soon.
OIL: These are Goldman’s favorites in the sector: Halliburton (HAL), SLB, DO, RIG, PDE. We believe HAL has EPS upside from rising North America drilling activity, multiple expansion potential and is more levered to natural gas. We also favor deepwater drillers (PDE, RIG, DO) given our expectation for strong supply/demand fundamentals well into the next decade and rising dayrates.
THE MARKETING GENIUS BEHIND THE BEATLES
The Beatles were good. Their management team was even better. Read this story below and notice how when they toured and decided to enter the US, they first went to US corporations, to help them jump-start the publicity effort, the fuel behind any pop success. A win-win event.
” Irvine Robbins, who co-founded Baskin-Robbins died at the age of 90. While the company advertised that it offered 31 flavors, in fact it has created more than 1,000 flavors, according to its Web site. Why would anyone want to keep. When the Beatles were to arrive in the United States in 1964, a reporter called to ask whether Baskin-Robbins was going to commemorate the event with a new flavor. Robbins didn’t have a flavor planned but quickly replied, “Uh, Beatle Nut, of course.”
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Topics: Dennis Gartman, Mark Faber, money managers |
May 8th, 2008 at 1:01 pm
With all your book recommendations people should be reminded of the library. Some of the books recommended, such as the book on solars, become outdated so fast it may be wise to rent for FREE. I love your blog, keep letting the ideas flow.