Archive for September 2007

Top Gun Records An Excellent 3rd Quarter Despite Little Long Equity Exposure

September 30, 2007  ·  Category: Top Gun Financial Planning
Top Gun recorded an excellent 3rd quarter despite very little exposure to stocks - including none (excluding gold equities) for the ferocious, Fed inspired bounce from Thursday August 16 through the end of the quarter. Here's how the ...
Posted by Greg Feirman  ·  No Comments »

Top Gun Gets More Than 1100 Visits In The Week Sept. 24-28

September 30, 2007  ·  Category: Top Gun Financial Planning
Another solid week as far as blog traffic (graph).  Readership continues to grow slowly but steadily.
Posted by Greg Feirman  ·  No Comments »

The Dollar Is Getting Killed

September 28, 2007  ·  Category: Foreign Exchange, Market Commentary
"The accelerated decline in the dollar has been well deserved." - Axel Merk, Portfolio Manager, Merk Hard Currency Fund  Stocks are pretty much dead today. But there is some interesting action going on in currency markets.  The euro has rallied ...
Posted by Greg Feirman  ·  No Comments »

Stocks Stay Strong Despite Weak Housing Data

September 27, 2007  ·  Category: Federal Reserve, Foreign Exchange, Gold, Market Commentary
The stock market is certainly acting well. This morning KB Homes (KBH) announced another ugly quarter. New home sales were down 21% from last August and the median price was 7.5% lower. The S&P is up 6 points ...
Posted by Greg Feirman  ·  No Comments »

Local Homebuilder Dunmore Homes, In Business Since 1954, Is Sold

September 27, 2007  ·  Category: Local Business, Real Estate
The Sacramento Bee reported this morning that local homebuilder, Dunmore Homes, which has sold almost 2000 homes locally since 2001 and has been in business since 1954 has been sold. This after The Sacramento Business Journal ...
Posted by Greg Feirman  ·  No Comments »

TheStreet.com’s Vishesh Kumar Rips Microsoft Interest In Facebook

September 27, 2007  ·  Category: Business Culture and Current Events, Stocks
In a blistering and fact filled diatribe at TheStreet.com, "Facebook Won't Help Microsoft",  Senior Writer Vishesh Kumar makes clear the meaning of Microsoft's potential purchase of a slice of Facebook at a price that would ...
Posted by Greg Feirman  ·  No Comments »

Rumors Of An Investment In Bear Stearns Bouy Stocks In The Last Hour Of Trading

September 26, 2007  ·  Category: Market Commentary, Stocks
Right around 12pm PST (3pm EST), at the start of the last hour of trading, today stocks started taking off.  The Dow went from being up about 80 to all of a sudden being up ...
Posted by Greg Feirman  ·  No Comments »

Continuing Optimism Carries Stocks Near Record Highs; Volatility Declines

September 26, 2007  ·  Category: Market Commentary, Sentiment Analysis
Really there wasn't too much to be excited about today.  But that didn't stop stocks from putting in a nice up day approaching their record highs: Dow: +100 to 13878 (July 19 record: 14000) S&P: +8 to 1525 ...
Posted by Greg Feirman  ·  No Comments »

WSJ Article: “Tech Stocks Get Giddy :)”

September 26, 2007  ·  Category: Market Commentary, Stocks
The outperformance of tech over the last 3-4 months is noteworthy (Top Gun first noted it on July 5 "Tech Leads Market").  A number of prominent tech stocks such as Apple (AAPL), Google (GOOG), Research in Motion (RIMM) ...
Posted by Greg Feirman  ·  No Comments »

Sac Bee Article: Sun City Roseville Retirees Caught Up In Investment Scam

September 25, 2007  ·  Category: Local Business
I just read an interesting Sac Bee article from 3 weeks ago about how some retirees in Roseville's Sun City community got caught up in an investment fraud. They were pitched by a neighbor life insurance ...
Posted by Greg Feirman  ·  No Comments »