"What is your favorite government agency, and why?"
"What are the two largest holdings in your own personal wealth?"
"What is your trade of the new decade [best long and short idea for the next ten years]?"
"Where will the Dow and gold be a year from now...and what is your favorite chilled beverage?"
The questions came on thick and fast at last night's "rough and tumble" Whiskey Bar Debate here in Vancouver. If you've attended our little shindig before, you'll know what it's all about. If you haven't yet partaken in the feistiest chapter of our annual symposium, we basically get our most outspoken, controversial contrarians liquored-up and hit them with a slew of attendee-penned questions.
Here's a taste of what went down when the Trade of the (New) Decade question popped up, as relayed by our mates over at The 5-Minute Forecast:
Read more and comment ...Aflac (AFL): Dirk Van Dijk's top stocks to buy for 2011
Read more and comment ...Excerpted from his presentation to the Ira Sohn Investment Research Conference on May 26, 2010
We should have learned by now that every credit – no matter how unthinkable its failure would be – has risk and requires capital. Just as trivial capital charges encouraged lenders and borrowers to overdo it with AAA rated CDOs, the same flawed structure in the government debt market encourages and therefore practically ensures a repeat of this behavior – leading to an even larger crisis. (Greenlight continues to hold short positions in the common stock of the rating agencies, Moody’s and McGraw Hill [owners of S&P]).
I remember hearing that the rating agencies would never downgrade MBIA or Fannie Mae…I don’t believe a US debt default is inevitable. On the other hand, I don’t see the political will to make voluntary efforts to steer the country away from crisis. If we wait until the markets force action, as they have in Greece, we might find ourselves negotiating austerity programs with foreign creditors.
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Read more and comment ...Top Stocks To Buy For 2011 No.1: Amedysis (AMED)
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