With A GAAP PE Of 19x, "Growth Is All That Matters Now"

In a market in which “one-time, recurring adjustments” such as JPM’s quarterly (and quite recurring) multi-billion addbacks consistently mean the difference between meeting and beating expectations for corporations, one long-forgotten aspect of earning… [...]

The Magic Of Forward P/E Multiples In One Chart

As readers may or may not recall, one of the main arguments the bulls had in early 2008, a month after the recession had already begun (according to the NBER’s retrospective conclusion over a year later) to justify that the S&P 500, which had recen… [...]

5 Things To Ponder This Weekend

Submitted by Lance Roberts of STA Wealth Management, It is hard to believe that the end of the year is fast approaching.  This weekend's list of things to ponder covers a range of issues that caught my attention as I prepare to write my annua… [...]

A Peek Beneath Tesla’s Non-GAAP Hood Reveals Nothing But Cockroaches

Back in August, we joked that in the Tesla Q2 earnings press-release the one most often used word was Non-GAAP (43 times). Conveniently, we provided a word cloud of the company’s Q2 release for the visual learners to grasp just this: That TESLA’s earn… [...]

The Unspoken, Festering Secret At The Heart Of Shadow Banking: "Self-Securitization" … With Central Banks

By now everyone has heard of securitization: the process whereby banks take risky assets on their books, package, tranche them, and then re-sell them to yield chasing fiduciaries of widows and orphans. The conversion process can be nebulous, usually in… [...]

Would You Buy This Business?

  I have a business I would like to sell you.   Let’s run over the numbers first.   First and foremost, I have to be honest, this business has not implemented a budget in five years. I know that seems like an insane way to run a bu… [...]

Guest Post: Culture Of Ignorance – Part I

Submitted by Jim Quinn of The Burning Platform blog, “Five percent of the people think;ten percent of the people think they think;and the other eighty-five percent would rather die than think.”- Thomas Edison The kabuki theater that passes … [...]

WITCHES BREW: FINGERS OF INSTABILITY! (PART V)

TedBits – Newsletter View online Forward TedBits Newsletter October 10, 2013   Send To A Friend | View as PDF | View Past Articles | Subscribe   WITCHES B… [...]

The Great Tesla Rotation: From Institutions To Retail Bag-Holders

Two months ago we were the first to highlight the ‘real’ great rotation in US equity markets as so-called “professionals” were selling in size as “retail” was the big buyer. Since then, market breadth has been weaker and the new highs are made on the b… [...]

WITCHES BREW: FINGERS OF INSTABILITY! (PART IV)

WITCHES BREW: FINGERS OF INSTABILITY! (PART IV) Ghosts   The UNTAPER and Ponzi finance   Eyes wide shut!   The funding of moral and fiscal insolvency continues to BARRELL along.  The whole developed world is INSOLVE… [...]