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Friday's Daily Blog Watch

Editor's note: Every morning, James Altucher presents the most timely, topical posts from the Web's best business blogs.

Islamic law forbids investing in liquor, porn, gambling and any sort of vice companies. Also, you can't invest in anything bearing interest. So it's interesting to see what "halal fund" Amana Income Fund actually invests in.

Mark Cuban cannot stop ragging on GooTube.

Analyst-at-large Hilary Kramer says that McDermott International (MDR - Get Report) is energized for 2007.

The Forbes International Investment Report lays out a persuasive case for Japan and for Internet Initiative Japan (IIJI - Get Report), the Japanese ETF.

Don't think you can get your lumps of coal past Michelle Leder at by filing your 10-Qs the night before Christmas, hoping people wouldn't notice. She notices.

Joel Greenblatt, hedge fund extraordinaire and author of the The Little Book That Beats the Market, also has a sister in the hedge fund business, who, interestingly, only owns two stocks in her $170 million hedge fund.

Dr. Brett Steenbarger, of TraderFeed, tells us the three pervasive myths of trading. This is a great read for anyone who wants to make a living at trading, which is perhaps as difficult as making a living from playing a violin professionally. believes that Savvis (SVVS) might be an interesting play here.

ClearAm Ideas is again shedding some light against the dark presence of the permabears in its post on why retail is not half empty. It's a great look at the different stocks involved.

Hmmm, I kind of think I want this. Connected all the time, top quality, etc.

ET Stock Ideas is down on Hershey (HSY - Get Report).

Fig Investor thinks Philadelphia Consolidated Holding (PHLY) is a gem in the rough.

Value Discipline believes that Cogent (COGT) is a turnaround candidate. reader, Jason R., arranged to have this video played at the conclusion of a movie in a theater, resulting in his engagement.

At the time of publication, Altucher and/or his fund had no positions in any of the stocks mentioned, although positions may change at any time.

James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

Interested in more writings from James Altucher? Check out his newsletter, Internet Review. For more information, click here. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from

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