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CNBC’s Erin Burnett Blows A Gasket On Bond Bear.

Posted by AGORACOM at 6:19 PM on Tuesday, September 7th, 2010

(Hat tip to Zero Hedge for putting us onto this story)

For some strange reason, Erin Burnett of CNBC blew a gasket today when Bond Bear Mike Pento made his case for a bubble bond market.  She claims that he “was rude” but I just don’t see it.  What I see is a “moderator” (what she called herself) that didn’t like hearing someone make the case for a blowup in the US bond market.

Given the fact a Bond Bull was also on the show at the exact same time, you would think that a moderator would love salivate over such a strong opposing opinion to make great TV.

Nope.

Rather than sitting back and having the Bull and Bear go at it, Burnett decides to take the bull position by making a statement in the form of a question that challenge Pento’s bear position.  OK, it’s her show …. but why does she blow a gasket when Pento begins – rightfully so – challenging her?  He wasn’t rude in the least.  He was firm in his position.  I don’t care if you think the guy is right or wrong – you have to love the fact he is taking a position and backing it up.

So why does she blow a gasket?  Cheerleaders don’t like the opposing team.  Unfortunately, Burnett forgot she was the referee and the other team had already taken the field.

Am I wrong? You decide and let me know.

Regards,
George

Posted in All Recent Posts, Bond Bubble?, US Economy | 16 Comments »

Small-Cap CEO Lesson: Lost Wall Street Trust Is Potential Small-Cap Gain

Posted by AGORACOM at 11:10 AM on Tuesday, September 7th, 2010

THIS IS AN UPDATE TO A POST ORIGINALLY MADE IN MARCH 2009

I originally posted this story in March of 2009 and concluded it by stating:

Wall Street is out of favor … waaayyy out of favor. Take advantage of the environment, get out there and show investors why you and your hard working small-cap company can be trusted.

So why am I repeating it?  Take a look at the following quotes from two great sources this morning:

“Retail is absolutely moribund, there’s nothing going on in retail,” Sanford Bernstein’s Hintz said. “The retail investor has dug his foxhole and put on his helmet, and he’s just sitting there.”  Bloomberg – Wall Street Needs Off The Charts September To Rescue Quarter

“…the ongoing boycott by retail investors (who incidentally hold the bulk of the S&P’s market cap) of terminally broken capital markets may finally achieve more than all futile campaigns to pull deposits out of the TBTF banks ever could. It is no secret that regular, non computerized, investors have now shut out Wall Street as they now have absolutely no faith left in capital markets, a phenomenon we have been tracking since its inception.” Zero Hedge – Surging Retail Outflows Mean Worst Quarter For Wall Street Since 2008

Since 2008, I’ve talked about the loss of trust being the greatest risk to markets. Specifically, investors can flow with market cycles and always come back. However, if they lose trust, it will take a long time for Wall Street to gain them back.  Thanks to information provided by Dominic Jones over at IR Web Report, the data showed that trust was officially broken in 2009. He cites a number of reports here, here and here – but here are some of the highlights, starting with this telling graphic:

  • Nearly two-thirds of investors (62%) trust corporations less than they did a year ago.
  • Only 38% said they trust business to do what is right, a 20% plunge since last year.
  • Only 17% said they trust information from a company’s CEO.
  • In China, the “trust in business” score actually rose from 54% to 71% among 35-to-64-year-olds.
  • Specialists remain the most trusted purveyors of information about a company, with 62% globally saying an academic or expert on a company’s industry or issues would be extremely or very credible.
  • Employees and peers are also considered credible sources of information about a company, with 47% trusting what they hear from “a person like yourself” and 40% trusting conversations they have with employees.

LOST WALL STREET TRUST IS POTENTIAL SMALL CAP GAIN

In short, investors don’t trust Wall St CEO’s – but they do still trust people like themselves.  Most Small-Cap CEO’s fit the description perfectly because they are typically people that resemble retail investors far more than Wall Street CEO’s.

GET OUT FROM BEHIND THE PRESS RELEASE

This tells me quite clearly that there is no better time for an online investor relations campaign by small-cap companies.  I say online because this mode of investor relations provides the most direct channel of communications with online retail investors.  Specifically, videos, webcasts, audio interviews, blog posts and Twitter posts are simple and cost efficient ways to speak directly with retail investors.  Take advantage of the opportunity because you may never have this kind of opportunity again.

If you have any fears about speaking with investors directly, just remember that you’ve already done it dozens of times at conferences, AGM’s and other real-world meetings.  Get out from behind the press release.  If you’re not already doing so, you have to ask yourself, Why Am I Not Talking To Investors? If you need help answering this question, give me a call and let’s start implementing a solution.

Wall Street is out of favor … waaayyy out of favor. Take advantage of the environment, get out there and show investors why you and your hard working small-cap company can be trusted.

Regards,
George

Posted in All Recent Posts, Online Investor Relations, Small-Cap CEO Lessons | Comments Off on Small-Cap CEO Lesson: Lost Wall Street Trust Is Potential Small-Cap Gain

Bob Chapman – The Reckless Mess Created By The Fed. A Must Read

Posted by AGORACOM at 1:51 PM on Monday, September 6th, 2010

I came across this very insightful article by Bob Chapman today.  It is potentially scary and will be viewed by some as fear mongering supported by great data and a smattering of conspiracy theories.

Personally, I gave the article a lot of thought and concluded it made too much sense to be ignored – especially given the fact I am fresh off watching CNBC’s Documentary “House Of Cards“.  As with the video, I strongly recommend that you read the article, think about it, discuss it with people smarter than you and then decide your course of action.

To this end, please find enclosed a few bullet point highlights, followed by the entire article.  I would love to hear what you think.

Regards,
George

HIGHLIGHTS:

  • October will report the annual fiscal deficit of 9/30/10 of about $1.5 trillion, a figure thought impossible just 1-1/2 to 2 years ago.
  • The sale of Treasuries for the past six months was easy with a strong US dollar caused by a manufactured crisis in Greece and in the euro.
  • What the Fed has been approaching since June is a “liquidity trap.” That is when loans are offered to business and they refuse to borrow.
  • Gold has gained 15% a year for those last 7 years. This is a secular bull market and cannot be denied. Further, gold has appreciated annually against every currency.
  • All we can say is we will never understand how bright people miss the obvious. There is no logic here, only agenda.
  • the Fed will sell mortgage backed securities they paid banks $0.70 to $0.80 on the dollar for, back to them for $0.20 on the dollar. This allows the banks to carry this paper on their good books at market value and allows the taxpayer to pay the difference, and the Fed cleans up their books. They do not have to do this, but they are going to do so. The losses will be about $1.2 trillion.
  • At the same time inflation will rage. The worst of all investment worlds, except for those in gold and silver related assets. Just as an example, during the period from 1929 to 1936, gold doubled and gold and silver shares rose over 500% in a deflationary period.
  • Between 1978 and 1981, during an inflationary recession the average gold and silver share appreciated 40 times the price of gold bullion.
  • The high-end market in homes is virtually non-existent. No sales for the past two months. Only 1,000 units priced over $500,000 were sold.
  • There you have it, and it is quite a mess. Unfortunately it is going to get worse.

FULL ARTICLE:

September 1 2010:

Almost two years ago the US Treasury was selling large amounts of short-term Treasury bills to fund bailouts and stimulus. That caused a major increase in debt. Most of that paper was 2-year bills and it is coming due for rollover shortly. While that transpires, October will report the annual fiscal deficit of 9/30/10 of about $1.5 trillion, a figure thought impossible just 1-1/2 to 2 years ago. (more…)

Posted in All Recent Posts, Gold $2,000, Inflation / Deflation, US Economy | Comments Off on Bob Chapman – The Reckless Mess Created By The Fed. A Must Read

CNBC “House Of Cards”. How Wall Street Fucked America and The World. Why They Will Do It Again

Posted by AGORACOM at 1:34 PM on Monday, September 6th, 2010

The growing criticism of CNBC amongst financial bloggers and commentators (including me) is growing and warranted.  Too much cheer leading, too much emphasis on entertaining us, too little guest analysis beyond short octobox/decabox sound bites.

Having said that, they have some great talent over there and one of those people is David Faber, who put together the 90-minute must see documentary.  I’ve embedded it below.  I don’t care how busy you are, put the family to bed and find the time to watch it.  It will not only tell you how Wall Street greed fucked the global financial system – I believe it demonstrates why Wall Street greed is in the process of doing it again.

After all, no Wall Street CEO has gone to jail or even been forced to payback the hundreds of millions of dollars in bonuses generated during Sub-Prime / CDO scam, so you count on them looking after themselves all over again during QE1 and the soon to be released sequel QE2.

Skip a movie, skip a game, skip anything that won’t arm you with the information you need to potentially protect your financial future.  Watch this video, absorb the information, never trust Wall Street again and do what you must to protect yourself.

CNBC presents the defining story of our time. Correspondent David Faber investigates the origins of the global economic crisis and the events leading to the most devastating financial collapse since the Great Depression.

Posted in All Recent Posts, Stock Scams, US Economy, Wall Street Crooks | 5 Comments »

Mobile Devices Drive 16,000 Small-Cap Visits To AGORACOM In August

Posted by AGORACOM at 4:38 PM on Wednesday, September 1st, 2010

Good afternoon to you all.  From the “I love traffic data” department, I’m happy to provide you with mobile data traffic to AGORACOM for the month of August.  Here is a snapshot of the overall data, followed by my comments:

USAGE HIGHLIGHTS:

  • All comparisons above are to January 2010 – and man is mobile skyrocketing
  • Given the fact August is an even slower month than December for investor traffic, I am pleasantly surprised to see that we received 16,000 visits from mobile devices this month.  That is a 45% increase vs. January of 2010.
  • Mobile devices accounted for just over 3% of all visits to AGORACOM in August.
  • 6.12 pages per visit – an increase of 40.15%tells me that investors have moved beyond basic skimming from their mobile devices and are relying on them as much as their PC’s and laptops.  The entire site average for August was 9.68 pages per visit.
  • Likewise, average time on the site jumped 39.5% to 6mins 33secs.  When you consider the site average for August was 8:22, you have even more evidence that mobile investor access is no longer for hit an run purposes

DEVICE HIGHLIGHTS:

This one is a real shocker.  Despite Apple’s popularity, I would not have expected small-cap investor access via iPhones, iPods and iPads  to surpass that of business intensive Blackberry users. This should be doubly true when you consider the fact we have a significant content partnership with Blackberry.  Apple didn’t surpass, it destroyed Blackberry.

Moreover, I fully expected Android usage (phones carrying the operating system created by Google) to be a distant 3rd this early in the game.  Think again.

Here are the numbers:

  • 1st – Apple accounted for 75% of all mobile visits to AGORACOM in August, broken down as follows:
    • iPhone 8,521;
    • iPad 2,293;
    • iPod 1,500
  • 2nd – Android 14.5%
  • 3rd – Blackberry 6.1%

CONCLUSIONS

I can only conclude from the above noted data that

1.  Our iPhone app launch on September 15th is a well timed step in the right direction.

2.  Even though Blackberry users as a group tend to be a significantly larger proportion of business/market people, Apple users appear to be a significantly larger proportion of retail investors that prefer to access online financial communities such as AGORACOM.

3.  Android – as expected – will be a force to be reckoned with.  Time to find an Android app developer!

Regards,
George


Posted in AGORACOM Mobile, AGORACOM News And Events, AGORACOM Traffic, All Recent Posts, Mobile | 2 Comments »

AGORACOM Traffic – Visits and Visitors Continue To Climb In H1 2010

Posted by AGORACOM at 12:16 PM on Friday, August 27th, 2010

Good morning to you all.  As most of you know, I like to share AGORACOM traffic data on a regular basis and today is no exception, especially given the fact we are in the dog days of summer.

Please find enclosed a Google Analytics shot of our traffic in H1 2010, compared to H12009 (Click on the image for a larger version):

I’m pleased to report that the number of visits (3,600,000) and visitors (547,000) to AGORACOM remain very strong.  The strength and YoY increases can be attributed to the following reasons.

1. Social Media

We have really turned on our social media efforts in 2010, which have resulted in:

Furthermore, we’ve worked hard at cross-promoting our social media channels AND providing different content on each.  If you’re a small-cap company that is simply creating accounts to post duplicate press releases across each, you are simply wasting your time.  Cross-promote and differentiate so that investors have options to consume what is most important to them.

2. Great Content

We recently introduced a “News Flash” feature that allows us to provide investors in every corner of AGORACOM with breaking/important news as it happens (both small-cap specific or macro-market related).  As a result, investors that may be focused on a particular HUB or group of HUBS on AGORACOM now feel as if they aren’t missing important news.  Click-through analysis shows these are a big hit with AGORACOM visitors and a good reason to both keep returning to the site and consuming our content.

3. Great Platform

Small-Cap Investors continue to flock to AGORACOM thanks to what we believe is the best small-cap community platform on the web.  By providing Wiki and UGC tools to our members, we’ve put significant control into their hands and that has benefited the entire community.  From adding/editing/updating content, to self-policing their own HUBS, members have created a small-cap community that is more informative and cleaner than any other small-cap site on the web.  It isn’t perfect – but it is as close to perfect as you can get using today’s technology.

What is perfect is the level of member satisfaction with AGORACOM.  We thank all of our members for fully embracing our platform and will continue to reward your efforts by improving on what we do.

DECREASE IN PAGE VIEWS

On the flip side, we did see an 8.46% decrease in page views that can probably be attributed to two items. First,  one of our busier HUBS was Freewest Resources which was acquired by Cliff’s Natural Resources in Q4 2009, so we haven’t had the benefit of page views for one of the prominent players within the Ring Of Fire.  Second, as a result of our OSC matter, several of our high-profile HUBS have been put on hold.

Nonetheless, we are extremely pleased at our ability to register gains on the visits and visitor front, while holding firm on the total page views.  This points to very positive prospects once the matter has passed.

CONCLUSION

Overall, the increases in visitors and visits are more important to both our clients and ecosystem as they will drive page views as more news develops within the small-cap industry. Going forward, we’ll be adding further fuel to the fire via the following exciting initiatives:

* Our upcoming mobile push in H2 (iPhone, Viigo and of course our Blackberry partnership)

* An expanded content push in H2  (Holding our cards close to our chest)

* A greater social media push (Look for Facebook and Twitter announcements in H2)

Thanks to our great clients and members for continuing to make AGORACOM the best community platform within the small-cap industry.

Regards,
George

Posted in AGORACOM News And Events, AGORACOM Traffic, All Recent Posts | 3 Comments »

AGORACOM Members Rally Around Fellow Member To Save Lives

Posted by AGORACOM at 8:55 AM on Friday, August 20th, 2010

If I’ve said it once, I’ve said it a thousand times.  I am so incredibly proud that AGORACOM Members have taken the site to levels I only dreamed about.  First, from a pure information exchange of small-cap information, you can’t find a smarter, dedicated and giving group of people.  Second, thanks to a system that is focused on attracting quality over quantity, this same group of great people have created a loving and supportive community that rises to every occasion they are called to.

As such, it shouldn’t have come as any surprise when Pam “Optionsgal” Steeves sent me a message on May 24 to say:

Good Morning My Friend. This morning as I post on the KRY board I feel compelled to include you in my thanks, as if this community had not been established I would not be realizing a very important personal goal …..

…… I am astounded this morning and feel the need to thank-you as well. If not for your community here and the connections I have made, I would not be anywhere close to realizing my dream. Agoracom folk are some of the kindest, generous and most supportive people out there.

“Personal goal” was an understatement.  I’d love to tell you the rest of the story – but I decided to give Pam an opportunity to tell you in her words below.

Pam, I want to thank-you for walking 39.3 miles for people that can not.  You are truly an inspiration to each and everyone of us. You are a champion.

Members, I want to thank-you for rallying around Pam, for being so generous and – as a result – for not letting her walk alone. Once again you were summoned.  Once again you responded.

Together, you are going to save lives.  Save …  Lives.

You have all filled my heart with insurmountable pride and I love you for that.

With respect,
George

PAM’S STORY

Agoracom Family Making A Difference….

Breast Cancer has touched many of us, our families and circle of friends, who have couragously battled this disease. We have fought hard for our own lives and those we care about. Every 3 minutes someone is diagnosed with breast cancer. Perhaps someone you love. Why are you reading about this on an investment forum? Because I want to tell you about a group of Agoracom members, just like yourself, who are making a positive difference.

Almost 18 months ago I began training to participate in the Avon Walk for Breast Cancer. A two day, 39.3 mile walk that will take me through the streets, bridges and parks of NYC in October, for the purpose of raising funds for breast cancer research and providing care for those women and men who are under-insured and cannot afford to be screened or seek treatment.

When I started my fund raising campaign, I set my goal at $2,500. Thanks to the generosity of many fellow investors/friends on the KRY Agoracom hub I was quickly, almost overnight, able to exceed that goal and set my sights on $5,000. Remarkably, last week that goal was exceeded as well. Although many have encouraged me to spend these last 68 days concentrating on my physical training, I will not rest. With a hopeful heart and renewed passion, I have re-set my goal again to $7,500 and will not stop my fundraising efforts. I will turn over every stone and push for more resources until I am on that pier in NYC ready to begin the event. I am pushing harder for those who are fighting for their lives and can’t.

Agoracom was founded to bring individuals in the investment community together. A place where we can share ideas, gain knowledge, utilize resources and communicate with like minded investors. It goes beyond that my friends….way beyond that. Although my home is on the KRY board, I have frequented many hubs and have been warmly welcomed. Each hub a wonderful community of individuals, compassionate men and women, who look out for one another and care about the bigger picture…..giving back and making a positive difference. Each hub a FAMILY.

I am “IN IT TO END IT”. Alone I am limited, but together WE can make a tremendous difference. Join us my Agoracom “Family” as we take a stand against breast cancer. Please visit my site at http://www.avonwalk.org/goto/PamForLife

Thank-you,

Pam Steeves/Optionsgal

Posted in AGORACOM Members, Life | 1 Comment »

AGORACOM Members Host 2nd Annual “Ring Of Fire” Golf Tournament

Posted by AGORACOM at 4:15 PM on Thursday, August 19th, 2010

Proving once again that AGORACOM is a small-cap community like no other, a couple of AGORACOM members have taken it upon themselves to repeat their success from last year and organize the 2nd Annual ROF Golf Classic & Dinner on September 11th, 2010 (full details below).

As you can see below, this isn’t just a few guys and gals getting together to hit a few balls & throw back some brews.  No, this group has gone all out to include a buffet dinner “with a chef manned carving station for the following….. – Hip of Roast Beef (slow roasted for 10 hours)”

Moreover, there are going to be enough prizes for everyone to take home.  We were happy to contribute swag to last year’s event and will be doing so again this year.  (I personally would love to play but after suffering a herniated disc during a hockey game 4 years ago, golf is out unless I can just pitch and putt all day.)

The good news, according to the last post I saw, is that some golf spaces are still available – or you can simply join everyone for dinner afterwards.

Congrats to Stratopod, Glorieux and everyone else involved in making the event possible.

Regards,
George

DETAILS – THE 2nd RING OF FIRE GOLF CLASSIC & DINNER

When : Saturday, September 11th, 2010.

Where : Hidden Lake Golf Club (Old Course) (Burlington, Ont.)

Ladies & Gentlemen,

All the final details are now in place. Whether you’re a golfer or just want to attend the fabulous buffet dinner I’ve arranged at the golf course, it will be an event not to be missed. Here’s all the info.

– Cost for golf & shared cart, buffet dinner with wine and entertainment is $150 per person.

– Cost for just the buffet dinner with wine and entertainment is $60 per person.

The golf tournament is a Team Scramble Format with 4 members per team. Some refer to this as a Best Ball format. I will be assembling the teams to make them all as equal as possible, while also keeping all couples together and honoring requests for team partners where it’s possible to do so.

If you haven’t already contacted me about the golf and are interested in playing, please PM me with some details about your golf game (scores, courses you play, tee boxes you hit from, are you a good putter, big hitter, etc.)

A number of people have come forward with some wonderful prize donations and I thank them all for supporting the ROF Golf Classic.

Nobody will go home without a prize, including all dinner guests.

Speaking of dinner….check this out ! A superb strato-buffet dinner, with a chef manned carving station for the following…..

– Hip of Roast Beef (slow roasted for 10 hours), Glazed Baked Ham & Roast Chicken, WITH roasted potatoes, vegetables, penne pasta & tomato sauce, salads, fresh baked rolls, red & white wine at each table, dessert & coffee.

*** Glorieux (Frank) has kindly volunteered to handle all payments for the golf & dinner, as he did last year. He is setup to receive credit card payments or cheques.

Please contact Frank by PM to arrange payment.

Golf course website

Map of course & accommodations in the area (please note that Lake Medad on left side of map, is Hidden Lake).

strato-golf

Posted in AGORACOM Members, All Recent Posts | Comments Off on AGORACOM Members Host 2nd Annual “Ring Of Fire” Golf Tournament

Best Investments During Deflation

Posted by AGORACOM at 8:34 AM on Thursday, August 12th, 2010

Market Folly, a financial blog that tracks the portfolios of 40+ prominent hedge funds on a daily basis, put out a great article that helps answer the question I have been asking myself lately (and no doubt you have as well) – what are the best investments during deflation? (Deflation Definition)

WHY YOU NEED TO CONSIDER THE DEFLATION SCENARIO

This is a very important question considering the fact the markets now believe deflation is a real threat, though most continue to believe (as I still do) that inflation continues to pose the biggest threat.  Nonetheless, considering the fact the stimulus injected by central banks around the world hasn’t produced the desired reflationary effect for the economy – resulting in the fact that  we are now into stimulus 1.5 – the deflation scenario has to be considered.

BEST INVESTMENTS / STRATEGIES DURING DEFLATION

Market Folly lists them as follows:

  1. Cash / US Dollar
  2. Pay Off Debt
  3. Buy Long-Term Bonds
  4. Short Equities
  5. Buy Dividend Paying Stocks
  6. Short Housing / Avoid Real Estate
  7. Short Leverage
  8. Long Technology
  9. Gold
  10. Buy TIPS

For an expanded discussion on each of these items, read the full article here.  I highly recommend it.

Regards,
George

Posted in All Recent Posts, Inflation / Deflation, Investment Strategies | Comments Off on Best Investments During Deflation

Why David Rosenberg Believes Resource Sector Remains A Core Holding

Posted by AGORACOM at 8:00 AM on Thursday, August 12th, 2010

If you don’t know who David Rosenberg is, you better get to know him.  Why? Forget about his title – there are plenty of useless anyalysts out there with big titles -  here is his track record in what has been a very difficult decade for institutional and retail investors:

From 2001 to 2008, Mr. Rosenberg was ranked first in economics in the Brendan Wood International Survey for Canada, ranked second overall in the 2008 Institutional Investors Survey for the U.S., and was on the Institutional Investor All American All Star Team from 2005-2008. Mr. Rosenberg also ranked 4th out of 104 economists in the 2009 Thomson-Extel survey of global portfolio managers. Mr. Rosenberg also ranked 4th out of 104 economists in the 2009 Thompson-Extel survey of global portfolio managers.

He is currently the Chief Economist over at Gluskin Sheff and a Canadian. I don’t add in that last point for humour.  As a Canadian, I believe he has a decidedly more rational head than his US counterparts that are typically guilty of both following the herd and looking after their own pockets.  I love the fact that Rosenberg doesn’t sit on the fence.  He develops a market outlook and tells you what he’s going to do about it.  None of the typical, “the ying could yang, but the yang could ying” bullshit that you often hear from these guys.

More importantly, as his track record demonstrates, he is often right.

Rosenberg is a great tool for retail investors because he isn’t shy about sharing his views.  He frequently speaks with both traditional media and some of the better financial blogs, including my friend Barry Ritholtz.  As such, it’s pretty easy to follow his thoughts.  I suggest you follow him via a Google Alert RSS Feed so that you don’t miss a thing.

RESOURCE SECTOR REMAINS A CORE HOLDING

In his market commentary yesterday, he provided his typical great analysis on the state of the markets.  It’s a must read as he covers inflation, deflation, the US economy, emerging markets and his recommended investment strategies.  In addition, he made the following statement with respect to the resource sector:

Moreover, I don’t believe in all the stories about China collapsing. In fact, if there is a bullish story to be told, it is that the secular growth paths in not only China, but India, Indonesia and Korea and that will continue to ensure that the resource sector remains a core holding, with oil and food retaining geopolitical significance and gold remaining a critical hedge against ongoing reflationary policies that weakens the U.S. dollar in coming months as a critical mid-term election approaches.

If that isn’t telling it like it is, I don’t know what is.

Regards,
George

Posted in All Recent Posts, China, Commodities, Gold $2,000, US Economy | Comments Off on Why David Rosenberg Believes Resource Sector Remains A Core Holding

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