Markets feel heavy, like they want to fade lower today. I’m not a day-trader though, and I’m going to stick with my playbook, which has been one of betting on an overall bull market by buying pullbacks, getting aggressively long on panics and trimming/hedging when we hit new highs. As we have been hitting new highs of late, I’ve been a trimmer/hedger, even as I’ve nibbled on opportunistic long trades like DDD and FB early last week.
Here are some articles relevant to our stocks and the trends I’m investing in:
Anti-Japan protests spread across China, turn violent - I don’t think that this China/Japan dispute over land is likely to be a so-called Black Swan event for the stock markets, but I do think it’s possible enough to be paying attention to that I’ve linked to it two weeks in a row, and I haven’t seen it hardly anywhere in the mainstream media.
Michael Olenick: Textbooks – Predatory Business Practices, by the Book - Calls out Pearson, a company I once worked for as a columnist for the Financial Times, but am currently short the stock, by name. Collusion, gouging book prices and more. This looks like one of those Revolution Investing setups where a government-funded bubble is about to pop. Secondary education, along with the books that it’s taught from, is about to get much cheaper, one way or another.
JPM Faces Money Laundering Probe - Alternative title: “Teflon TBTF bank headed by Obama’s good buddy probably committed some heinous and/or criminal acts, but please move along and let’s talk about Social Security and public-employee pension costs please. Or gay marriage. Or abortion. Please move along.” That headline might be too long and too truthful though.
Blythe Masters Appointed to Regulatory Affairs In Addition To Rolling the Dice at JPM - J.P. Morgan is rolling the dice with so many facets of its business, so what’s another facet, this one being regulatory affairs?
Lanny Breuer Admits Economists Have Convinced Him Not to Indict Corporations - I guess the theory is that as I saw Jesse Cafe put it, “Force and fraud will continue until trust and confidence are restored.”
World’s Oldest Message in a Bottle, Part of 1914 Citizen-Science Experiment - Social-networking experiment in the name of scientific researching of ocean currents. Fascinating.
Need a new pair of shoes? Print them and Print Journal: 3D-Printed Guns: Awesome or Scary? and 3D printers create edible objects - Our DDD long has been a big winner and I just recently added to it when it pulled back hard from highs.
Forget the Bernanke Put - Interesting, compelling commentary from my friend, Robert Marcin.
Everything You Need to Know About Investing - In my brand-new book available in digital and paperback, I’ve tried to cover every topic in a way that will be helpful for the average Joe, but I guarantee that every investor and trader, no matter how experienced and successful, will find a lot of gems in here too. We’ve presented the information in a Q&A format that I hope makes the content accessible and enjoyable. There’s also a glossary of key terms, concepts and phrases and a helpful bibliography of suggested further reading for those who want to dig deeper. You can never be too educated when it comes to your money.
Cody Willard writes Revolution Investing for MarketWatch and posts the trades from his personal account at TradingWithCody.com. At time of publication, Cody was net long 3D Systems Corp. and Facebook Inc. and net short Pearson PLC and J.P. Morgan Chase & Co. Follow Cody on Twitter at twitter.com/codywillard. Cody’s #1 best-selling Amazon book, “Everything You Need to Know About Investing,” is available in digital and in paperback.