Archive for August 2007

Good Inflation Report Paves The Way For a Rate Cut – Mr. Market

August 31, 2007  ·  Category: Federal Reserve, Market Commentary, Sentiment Analysis
The Core Personal Consumption Expenditure (PCE) Index came in 1.9% (pg. 12, Table 11) higher for July than it was 12 months ago.  That is within the Fed's comfort zone of 1-2% - for the ...
Posted by Greg Feirman  ·  No Comments »

A Letter From Uncle Ben!!!! Uncle Ben Wrote Us A Letter!!!!

August 29, 2007  ·  Category: Federal Reserve, Market Commentary
In a letter from Monday released this afternoon from Fed Chief Bernanke to Senator Charles Schumer Bernanke assured the Senator that the Fed was "closely monitoring developments in financial markets" and "is prepared to act ...
Posted by Greg Feirman  ·  No Comments »

Market Adjusts Ahead of Economic Reports and Bernanke Speech

August 29, 2007  ·  Category: Market Commentary
"Today's rally is more or less a readjustment [after Tuesday's selloff.  There is] really no news." - Barry Hyman (subscription required), Equity Market Strategist, EKN Financial We can't seem to get a calm week on Wall Street, even ...
Posted by Greg Feirman  ·  No Comments »

When Poor People With Bad Credit Buy Homes; Oh California!

August 28, 2007  ·  Category: Real Estate
Funny cartoon on the Big Picture. And a graphic that goes along with it from Fortune.
Posted by Greg Feirman  ·  No Comments »

Now We Find Out What’s What

August 23, 2007  ·  Category: Market Commentary, Stocks
The stock market rally stalled today on a number of interesting and important developments. The front page of the WSJ (subscription required) announced that Bank of America was making a $2 billion investment in Countrywide Financial ...
Posted by Greg Feirman  ·  No Comments »

Article: “Is WaMu The Next Countrywide?”

August 22, 2007  ·  Category: Stocks
I saw Philip van Doorn, TheStreet.com's Bank Analyst, on CNBC's Street Signs about an hour ago and I went and read his informative article "Is Wamu The Next Countrywide?" He has some very interesting numbers.  The ...
Posted by Greg Feirman  ·  No Comments »

A Couple Of Relatively Quiet Days On Wall Street

On Monday we had a mid afternoon swoon as the impetus from the Fed move began to wear off.  But markets recovered on news of a Tuesday morning meeting between Bernanke, Treasury Secretary Paulson and ...
Posted by Greg Feirman  ·  No Comments »

Judge Rejects FTC’s Appeal To Hold Up Whole Foods/Wild Oats Merger

August 17, 2007  ·  Category: Business Culture and Current Events, Stocks
Yesterday after the close the federal judge overseeing the FTC's request for a preliminary injunction against the Whole Foods/Wild Oats merger rejected the FTC's case.  The FTC now has until noon on Monday to appeal ...
Posted by Greg Feirman  ·  No Comments »

Uncle Ben To The Rescue

August 17, 2007  ·  Category: Federal Reserve, Market Commentary
When I went to bed last night around midnight PST it looked like Friday was setting up to be a bad day.  Japan had crashed - down 875 points or 5.42%.  Europe had opened lower ...
Posted by Greg Feirman  ·  No Comments »

The Trend Is Your Friend – Until It Isn’t

August 16, 2007  ·  Category: Technical Analysis
The fundamental tenet of technical analysis (i.e. chart reading) is "the trend is your friend".  Now, I think there's a lot to this.  Trends tend to be based on economic and financial forces.  As long as ...
Posted by Greg Feirman  ·  No Comments »