By Daily Crux Editor Brian Hunt:
Dan Ferris has a unique gift for reading through financial news... then sorting out the crap to deliver the "crux" of the story. His take is often far different from what the headlines indicate.
Below are several major financial headlines of the past week. The actual headline is underlined, and Dan's comments follow underneath.
Stocks Rise as Traders Await Fed
Comment: Kool-Aid everybody! Ben’s buying!
Fed increases scrutiny over bank bonuses
Comment: If the head counterfeiter is in charge of payroll, I’m thinking it’ll be larger…not smaller.
Asia poised to lead global recovery
Comment: Why do they even print this stuff? Everybody knows nothing bad is allowed to happen in Asia. That’s why everything is perfect there all the time.
Three Stocks With Fast Sales Growth
Comment: Announcing the winner in the
Throwback Headline of the Decade contest, plucked straight from the front pages of 1999 and deposited ten years later onto the Wall Street Journal’s website…bravo...bravo…
Midsize Players Passing on Further Failure Deals
Comment: Either Wall Street has become brutally honest with itself and everyone else, or somebody slipped up and printed the truth by accident.
Crux note: Dan Ferris is the editor of Extreme Value... and he's currently recommending one of the safest and most lucrative investments you can make in the gold industry—yet it has nothing to do with mining stocks... or gold mutual funds... or gold bullion. Learn more about Extreme Value
here...
More from Dan Ferris:
Dan Ferris: These 3 indicators say the market is expensive
Dan Ferris on the most important investment rule for today's market
Disaster approaching: "Tsunami" of foreclosures set to slam housing