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Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.

Along the way, Tony shared some pretty important snippets of investing wisdom…

November 2007 - Money Morning - Only the News You Can Profit From- Money Morning - Only the News You Can Profit From.

  • Housing a "Drag" on the U.S. Economy – and May Spur Another Rate Cut

    By Jason Simpkins Associate Editor The U.S. economy is showing new signs of weakness, stemming from losses in the housing sector. And that's despite a 4.9% third-quarter surge. Foreclosures increased while home-values plummeted – a trend many experts see continuing well into 2008. New home prices have dropped the most since 1970, and foreclosure filings […]

  • Global Investing Roundup

    Ping An Builds Stake In Fortis; Vimpel Sees Profit Soar; Toronto Dominion Banks Big 4Q Earnings; Dubai International Bolsters Advisory Board; Ping An Insurance Group (PNGAY), a leading Chinese insurance concern announced yesterday (Thursday) that it spent $2.68 billion for a 4.18% stake in Fortis NV (FORSY), Belgium's biggest financial services company.  That makes Ping […]

  • Sovereign Wealth Funds Biting into the World's Biggest Companies…Transparency and Motives in Question

    By Mike Caggeso Associate Editor Oil is called "black gold" for a reason. Any country with enough of it not only has an endless line of customers, but pockets overflowing with cash. In that sense, oil is just as much a currency as dollars, euros or gold itself – hence the term "petrodollar." And right […]

  • Citigroup Faces Another Setback as Enron Specter Reemerges

    By Jason Simpkins Associate Editor To say that Citigroup Inc. (C) has had more than its fair share of trouble lately might be an understatement. The nation's number one mortgage lender has been devastated by the subprime collapse and struggled to regain its footing since August. But when it rains it pours, and it's pouring […]

  • Citadel Throws E-Trade a $2.5 Billion Life Raft

    By Staff Reports Despite recent financial troubles, E*Trade Financial Corporation (NASDAQ: ETFC) is not going bankrupt.  Citigroup Investment Research analyst Prashant Bhatia caused a minor panic (and a 59% sell-off) earlier this month, when his November 11th report on E*Trade stated, "Bankruptcy risk cannot be ruled out." Whatever risk there was earlier this month, it […]

  • Why Some of the World's Savviest Investors Are Buying – Gasp! – Citigroup

    By Keith Fitz-Gerald Investment Director, Money Morning At a time when many investors are running for the exits, a few of the world's savviest investors are lining up to buy Citigroup (C). Admittedly, many investors are just scratching their heads. But that's because they can't be bothered to look at the real picture – an […]

  • Federal Reserve Hints at December Rate Cut the Day Dismal Housing Statistics are Released. Coincidence?

    By Mike Caggeso Associate Editor U.S. Federal Reserve Vice Chairman Donald Kohn – intentionally or not – hinted that another interest rate cut is possible when the central bank's policymaking Federal Open Market Committee (FMOC) meets on Dec. 11. "The degree of deterioration that has happened over the last couple of weeks is not something […]

  • Stocks Enjoy Their Biggest Two-Day Rally in Five Years

    From Staff Reports U.S. stocks experienced their biggest rally in five years yesterday (Wednesday), as browbeaten investors seized on Federal Reserve Vice Chairman David Kohn's suggestion that another rate cut could be in the offing. The Dow Jones Industrial Average soared 331 points, or 2.56%, to close at 13,289.45 yesterday. Combined with a 213-point rally […]

  • Global Investing Roundup

    Banking Woes Worsen in Third Quarter, FDIC Says; Telkom and Vodafone Talks End; Acorn Falls in Third Quarter; International Hits Now Low on Sour 3Q Numbers; Porsche Sales Accelerate; Macquarie, MBK Tune in on Korean Cable TV Firm Net income in the U.S. banking industry was down nearly 25% in the third quarter and loan-loss […]

  • OPEC's Dollar Gaffe Means You Should Go For Gold

    An accidental reception of what was supposed to have been a "closed-circuit" broadcast of a recent meeting of the OPEC (Organization of Petroleum Exporting Countries ) caught members discussing the merits of dropping the U.S. dollar as the benchmark currency for oil deals. A recent report from James Turk at our U.K. affiliate MoneyWeek Magazine […]