Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

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…

  • Featured Story

    Will Jack Lew be the New U.S. Treasury Secretary?

    Treasurechest1

    U.S. President Barack Obama is preparing to nominate Jacob "Jack" Lew as the new U.S. Treasury secretary, according to a number of reports released today (Wednesday.)

    The nomination could be announced as early as Thursday.

    Lew would replace current U.S. Treasury Secretary Timothy Geithner who made it known he would leave the White House by month's end.

    Sources say President Obama had to convince Geithner, the former head of the New York Federal Reserve Bank, to remain in the position for the duration of the president's first term. Geithner was ready to leave after the nasty debt fight during the summer of 2011.

    The appointment comes as the budget battle on Capitol Hill is heating up.

    Lew would immediately have to tackle major debates in Washington, focusing on what to do with the country's $16.4 trillion debt ceiling (reached on Dec. 31) and how to handle the $1.2 trillion in automatic spending cuts.

    To continue reading, please click here...
    Read More...
  • u.s. treasury secretary