This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SuperModels' Best and Worst of 2005

Editor's Note: Jon D. Markman writes a weekly column for CNBC on MSN Money that is republished here on . He's also a regular contributor to RealMoney ,'s subscription site. If you'd like to see all of Jon Markman's RealMoney commentary, click here for information about a free trial.

Over the past year, I have picked a fight with Warren Buffett, defended Big Oil, Big Pharma, Big Guns, Big Coffee, Big Water and Big Asbestos, battled for a new U.S. Navy destroyer, got chummy with chips, dug the ditch-diggers, shimmied into $200 jeans and hit for the cycle. In the process, I infuriated a lot of people, helped the rich get richer and did my best to entertain, inform and stir up trouble.

This is the time of year when columnists wax nostalgic on their hits and misses, for the sake of accountability, learning from mistakes and taking any excuse to take a second round of pot shots at straw men. In that spirit, then, please join me on a review of SuperModels 2005.

My favorite column this year was the one that led the greatest number of readers to cancel their free subscriptions: My mid-June indictment of billionaire investor Warren Buffett over his vanity campaign against the U.S. dollar, titled How Buffett Tripped Over the Dollar . In the piece, I simply stated that Buffett should stick to his stupendously lucky assembly of a crazy-quilt empire of furniture stores, candy makers, hamburger joints, manufactured homes and insurance firms, and leave the macroeconomic posturing to the currency-trading professionals.

His naive political stance against American interests has led to little more than further losses for investors, as the buck has appreciated 15% this year against a basket of currencies. Berkshire Hathaway (BRKA) shares have advanced but 1%. A few weeks ago, the company said it had reduced its foreign-currency holding to $16.5 billion, from $21.5 billion in the summer. Too bad, so sad. (Here's my own shout from the global macro sidelines: Next year, the dollar will reverse and resume its slide, favoring his position.)


Every year, I interview several new analysts and add them to my forecasting pantheon. In past years, it's been Michael Belkin, Phil Erlanger, Paul Desmond, Robert Drach and Lakshman Achuthan. This year, it's cycle specialist Tom McClellan. In my Jan. 26 column, Mapping the Odd World of Cycle Analysts , he forecast a rally in late January, a cycle low in June, a top in August, ugliness in October and a rally in November-December. All good.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TAGS $27.01 -0.30%
AWR $41.80 1.38%
CCK $50.00 3.80%
BR $57.05 1.03%
CWCO $12.11 2.28%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs