Davos 2010: Morgan Stanley's John Mack
Morgan Stanley’s John Mack:
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Morgan Stanley’s John Mack:
Click Here if you are interested in learning more about our services.

LIKE THIS? SIGN UP FOR OUR FREE NEWSLETTER Infinite Opportunities: Those of you who know me know that I focus heavily on leading stocks. Why? Because by definition, leading stocks out-perform the market. So my chances for success are skewed in my favor when I focus on leading stocks. That is one tool in my…

The major averages spent the first two weeks of July rallying from extremely oversold levels before encountering stubborn resistance near their moving averages and downward trendlines. We have seen stocks fail at resistance multiple times since the two month downtrend began in late April. The major averages are at a critical inflection point: either break above resistance or rollover and begin another downtrend.

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A note of caution, careful chasing stocks up here after a big move. Selective buys/secondary buys are one thing – if/when they trigger – but over the long term you will do much better if you resist the “urge” to buy just because stocks are up (a.k.a chasing). As you can see from our process, we began buying…

Immediate Gratification: Profits are a function of time. By definition any trade that is exited with a profit requires a certain element of time. The problem is that most people have a natural tendency to seek immediate gratification at the expense of long term gratification. That is why most people lose money on Wall Street….

On Friday stocks sold off as investors unloaded their positions ahead of the the weekend. The catalyst which precipitated this sell off was Dubai World’s trouble restructuring their debt. Dubai World, the most indebted of Dubai’s state-sponsored companies, is seen as a barometer for the health of the financial nexus.