Dan AmossDan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which gained 462% as the stock fell from $45 to $12. And he called American Airlines’ bankruptcy long before the Chapter 11 filing, telling readers to short the stock, which tanked from $6 to just 26 cents.

Formerly, he was investment adviser to one of the top small-cap mutual funds in the country. He grew up on a semi-working small farm that his great-grandfather bought in 1907, learning thrift and the value of hard work through generations. 

This informs his drive to seek truth and expose frauds and promotions that suck in investors. He cut his teeth in finance interviewing management teams in “roadshows” and so knows the kind of BS they sell.

His bottom-up investing style focuses on management strategy, return on capital and the truth (and lies) buried in financial statements.

Why PG&E Shareholders Own More Liabilities Than Assets

As PG&E goes through the bankruptcy process, shareholders will find the utility company’s assets are likely worth less than its liabilities. As a result, there’s a very good chance PCG stock will likely go to zero or a tiny fraction of its current trading price. Today, Dan examines its balance sheet and why assets aren’t worth as much as bulls expect.

Central Banks Are Setting up the Next Global Banking Crisis

The cumulative effects of a decade of radical monetary experiments by central banks around the world are steering markets into a financial dead end. Politicians could put pressure on banks to directly fund government spending programs, which would end the decline in government bond yields. This will cause many popular stocks to suffer in an inflationary rising-yield environment.

Our Crash Monitor Signals Weakness Ahead for Stocks

After a decade of great returns, investors have been lulled into complacency. The reality is many stocks do not deserve the strong rallies they’ve enjoyed. But it often requires the onset of a recession for weak stocks to enter into a death spiral. Today, Dan discusses one indicator used to predict short-term market performance and downturns in stocks.