Archive for March 2007

This Market Looks Alot Like 1998-00; Phase 3: The Speculative Blowoff

March 27, 2007  ·  Category: Federal Reserve, Macro Economics, Technical Analysis
The three phases of a bull market: "Phase one is the rebound from the depressed conditions of the previous bear market.  Here stocks return to known values.  In the second and longest phase, shares advance ...
Posted by Greg Feirman  ·  No Comments »

Why the Fed Said What It Said

March 26, 2007  ·  Category: Federal Reserve, Market Commentary
" ... They can't say what they really think.  The Fed knows how important confidence is, and they do not want to do anything to discourage consumer sentiment or spook the psychology of the markets." - ...
Posted by Greg Feirman  ·  No Comments »

Bullishness Prevails – Market Recovers from Initial Shock on February New Home Sales

March 26, 2007  ·  Category: Market Commentary, Real Estate
Today was an interesting day in the markets.  The key event was the release at 10am EST by the Commerce Department of the report for February New Home Sales.  The report said that new homes sold ...
Posted by Greg Feirman  ·  No Comments »

Graham Summers Says The Carry Trade Doesn’t Matter – I Think He’s Wrong

March 26, 2007  ·  Category: Foreign Exchange
S&P 500 (black line) and $/Yen (orange line), December 27 2006 - March 26 2007
Posted by Greg Feirman  ·  No Comments »

The Market is Schizophrenic Right Now – 9 to 1 Up and Down Days

March 26, 2007  ·  Category: Technical Analysis
Mark Hulbert had an interesting article on Marketwatch after last Wednesday's (March 21) close: "Nine to one: A rare and bullish technical event occurred Wednesday".  Over 90% of the volume of all NYSE-listed stocks was up ...
Posted by Greg Feirman  ·  No Comments »

Stocks Aren’t Cheap – The Coming Earnings Season Could Be a “Rude Awakening” For the Bulls

March 26, 2007  ·  Category: Market Commentary, Stocks
One of the arguments you hear alot these days from bulls is that stocks are cheap.  At a P/E of 17 (based on 2006 earnings) for the S&P 500, stocks just aren't all that risky, ...
Posted by Greg Feirman  ·  No Comments »

The Kirk Report Links to Top Gun’s Post “A Role for Ancient Sanskrit Scholars in Today’s Market – Ben Changes One Phrase and The Market Goes Nuts” and “My Investment Philosophy”

March 23, 2007  ·  Category: Blogs, Top Gun Financial Planning
In one his regular surveys of investment stories and analysis on the internet posted today,"Weekend Reading", Charles Kirk of The Kirk Report linked to Top Gun's post "A Role for Ancient Sanskrit Scholars in Today's Market ...
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A Role for Ancient Sanskrit Scholars in Today’s Market – Ben Changes One Phrase and the Market Goes Nuts

March 21, 2007  ·  Category: Federal Reserve, Market Commentary
Sanskrit n. : 1. An Indo-European, indic language, in use since c1200 b.c. as the religious and classical literary language of India. To the casual observer, today's market action is sure not to make any sense.  The ...
Posted by Greg Feirman  ·  No Comments »

The Vernal Equinox – A National Holiday in Japan (Wed March 21, 2007)

March 20, 2007  ·  Category: Japan
The Tokyo Stock Exchange is usually open from 5pm - 11pm PST (9am - 3pm the next day in Tokyo) and so I was just trying to check it on Yahoo! before calling it a night, ...
Posted by Greg Feirman  ·  No Comments »

The Kirk Report Links to Top Gun’s Post “The Wrong Question and The Right Question About Today’s Market”

Charles Kirk, author of the highly respected Kirk Report, linked to Top Gun's post on "The Wrong Question and the Right Question" in one of his regular surveys of investment stories and analyses on the internet, ...
Posted by Greg Feirman  ·  No Comments »