I extract some snippets from "Daily Wealth" I have been reading for some 12 months now -- off&on, for I am not much of a stock-player:( -- having been byten more than once, and you know the saying, "Once bitten, thrice shy!" -- though I do some stalking of Bloggers!:)
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1.
A two-day rally aside, the beating that financial stocks have taken lately has knocked out some top money managers and their brand-name mutual funds.
No champ has endured more pain than Bill Miller of Legg Mason Value Trust. Until 2006, Miller held the distinction of beating the S&P 500 for 15 consecutive calendar years, but lately the fund has struggled.
Last year, LMVT fell nearly 7%, while the S&P finished up more than 5%. Even after losing 20% in the first quarter, Miller wrote to shareholders that he thought the worst was over.
If only that were true: as of Wednesday's close, Miller's fund is down 41% year-over-year, according to Morningstar. The S&P 500 is down 18% over the same period.
– Fortune
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2.
Investment superstar Jim Rogers says U.S. interest rates will increase for years, thanks to the Federal Reserve's easy monetary policy.
In a wide-ranging and exclusive interview with Moneynews, Rogers says that the Fed may temporarily be able to hold the line on short-term rates but that, ultimately, the entire yield curve is headed higher.
On another subject, Rogers reiterates that the Treasury Department and Fed are foolish to prop up Fannie Mae and Freddie Mac.
"They should have let them go bankrupt," he says.
"Anybody who can read a prospectus can see the companies were over-leveraged, over-extended, and in trouble. A lot of people shorted these things because they could see the problems."
But the government is stepping in. "So now you have 300 million Americans on the hook for $5 trillion of debt that some crooks and incompetents put together," Rogers says.
– NewsMax
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3.
Fannie Mae/Freddie Mac FAILURE Creates Immediate Profit Center!
We've all known the dollar has been "under water" for years. But now, the Fannie/Freddie bailouts are going to flush it right down the drain.
Why? Because the bailouts mean that trillions more cheap dollars will flood the U.S. economy – only fueling the fire of a weak buck further... But fortunately, with turmoil comes opportunity...
Click here to read the full story of how 487 people will turn this "paper-money-printing" debacle into a profitable hobby.
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Disclaimer: YL Chong-Desi ain't no shareholder of DailyWealth's, so you read its offerings with thy Lawyer, qualified or Buluk, by your side. Forwarned that my office does NOT accept any blardy Lawyer's letter from my ER, friendly:) or OtherVice!:( Using half-baked legal edu, it's from outset: "Cease and Desist!" Otherwise, I may counter-sue you until the last pink-coloured underw'ere! Earl Stanley Gardner was/has been/is/willfully be my family CONsultant, 24/7.
"America's New Currency" Could Make 425% gains in 2008
4 U.S. depository banks are now issuing a "New Currency" to a select group of Americans.
Backed by real assets around the globe, this unique investment has generated gains as high as 750% over the last 18 months, while stocks have plummeted.
Click here for the full report.
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