Ep. 48 :: Are Stocks A Buy No Matter What?

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 14 October 2010

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Suttmeier, chief market strategist at Valuengine.com, talks about QE2 and why bad news is not necessarily good news for stocks. Michael Comeau of Minyanville tells us why Apple is the only tech company you should own. Frank also highlights the best presentations from the Value Investing Congress.

Transcript

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0:00.0	S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media
0:08.8	to bring you unscripted interviews and breaking commentary direct from Wall Street, right to you on Main Street.
0:15.0	How's it going out there? It's Thursday, October 14th. I'm Frank Curzon
0:20.0	you, host of the SNA investor podcast where I break down the headlines and tell you what's really moving these markets.
0:27.0	Yes, I'm doing this podcast on Thursday, and that's because I went to Value Investing Conference on Tuesday and Wednesday in New York City, which is my hometown,
0:36.3	which I miss a lot, walking around Times Square, staying at the Marriott Marquis where the conference
0:40.4	was taking place.
0:41.4	And yeah, I really do miss New York and that conference if you're not
0:45.0	familiar with that was the one where David Heinhorn said that
0:47.2	St. Joe is basically going to zero it's really shook the markets yesterday
0:50.3	and it was interesting while he was doing that presentation I just
0:53.3	happened to have my you know my phone on me and as soon as he put up St. Joe like I
0:57.3	just looked at the stock going down 2% and I was just looking at it every minute
1:00.9	by minute and it just went down 10% almost in an
1:03.8	instant as he was doing his presentation I will tell you that it's probably one of
1:08.1	the best presentations I ever saw from a research perspective he was was 140 slides. He had his whole research team including him and his dad driving around the neighborhoods, you know, researching all the properties, the prices and everything. It was a great research report but I'm actually going to
1:24.0	challenge them a little bit and tell you why the stock is not going to zero but yes it is
1:27.8	alarming how they're carrying a lot of their properties at inflated values on the
1:31.4	balance sheet so you know we'll definitely go over that presentation.
1:33.6	I'm going to do a whole thing of a whole section, basically, a whole segment on a lot of
1:38.6	ideas that were presented there and some of the ones that I liked for you.
1:41.5	And again, it's $2,000 to get in. And I'm going to give you a lot of information that I saw for free which is pretty cool.
	...

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