"A succesful investor is that which makes all the same mistakes that everyone else makes... but learns from them," explains DoubleLine's Jeff Gundlach in this brief but extremely crucial to comprehend interview. If you want to know why you lost in 2008 and 2011 when you thought your 'bond' portfolio would save you... the new bond guru explains...
Two words... "negative duration"
Having railed for years against the accounting gimmickry known as non-GAAP, with both the WSJ, AP and even Warren Buffett joining the vocal outcry in recent years, things may finally be changing. According to Dow Jones, the SEC is finally stepping up its scrutiny of companies' "homegrown earnings measures, signaling it plans to target firms that inflate their sales results and employ customized metrics that stray too far from accounting rules."
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,
Amazon has done it again. Moments ago Jeff Bezos' company reported Q1 earnings that blew away expectations, when it printed revenues of $29.13 billion, well above the expected $28 billion, generating EPS of $1.07 almost double the expected $0.57.
There is only one clip for this...
It started in Japan...when Kuroda let the world down... 1500 NKY points down!!
And then China stomped on its latest bubble...