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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…

  • The Eurozone Hangs On By a Whisker Four days after the Italian elections, only one thing is really clear: A majority of Italian voters have rejected austerity.
    The problem is, their victory came up short by the slimmest of margins.
    0.36%.
    That's the difference between a firm new government that could move Italy out of the Eurozone and the constitutional logjam Italian voters woke up to the next day.
    Here’s why that's likely bad news for us all... Read More...
  • The Eurozone Crisis is Far From Over The Greek election last weekend has brought us a brief reprieve. The nation and the Eurozone have stepped back from the brink.

    But the larger truth is that little has changed.

    Yes, the Eurozone has survived its latest test, yet there is little indication where it will go from here. Considerable continental support for the common currency remains, and EU officials will soon introduce initiatives to consolidate banking and financial policy in the European Union.

    Still, the problems keep mounting, and there is very little resolve to fix them.

    At this point, a lot of actions (or lack of actions) could still upset the entire apple cart.

    To continue reading please, click here...

    Read More...