Archive for December 2007
Why The Democrats Will Win In ‘08
December 23, 2007 · Category: Politics
Greg Mankiw, Harvard Economist and former member of the Bush economic team, put a post up on his blog linking to a study with a chart showing the relationship between % of the vote received ...
Posted by Greg Feirman · 2 Comments »
Market Action After Christmas Through Year End
December 23, 2007 · Category: Market Commentary
BeSpoke Investment Group has a post up on how the market has performed, on a yearly basis, after Christmas through the end of the year.
Hard to draw conclusions from the data, but it looks like ...
Posted by Greg Feirman · No Comments »
Santa Claus Rally Arrives Just In Time
December 21, 2007 · Category: Market Commentary
Strong earnings (subscription required) from Research In Motion (RIMM) after the close yesterday and news that Merrill Lynch (MER) is in discussions with Singapore for a $5 billion investment (subscription required) provided the excuse today for the ...
Posted by Greg Feirman · No Comments »
Federal Express Reports 4th Straight Quarter Of Declining US Revenue
A lot of important earnings news affecting the market today: Oracle (ORCL), Nike (NKE), Bear Stearns (BSC), Federal Express (FDX) and Winnebago (WGO).
*****
Everybody pretty much knew Bear was going to report an ugly quarter and ...
Posted by Greg Feirman · No Comments »
Morgan Stanley Takes Huge Writedown, S&P Takes Ratings Action On 6 Bond Insurers
Before the open this morning, Morgan Stanley (MS) announced fiscal year 4th quarter earnings, which included a $9.4 billion writedown related to mortgage backed securities.
This resulted in a loss of $3.6 billion in the quarter ...
Posted by Greg Feirman · No Comments »
More Color On Goldman Earnings: November Was “Horrible”
December 18, 2007 · Category: Stocks
"We're cautious about the near term outlook for our businesses as we see dislocation in some of the world's capital markets has continued."
- David Viniar, CFO, Goldman Sachs, in today's conference call with analysts
Charlie Gasparino ...
Posted by Greg Feirman · No Comments »
Stocks Make Strong Intraday Reversal On Goldman, Best Buy Earnings
December 18, 2007 · Category: Stocks, Market Commentary
It's been another interesting and volatile day in the stock market.
Goldman Sachs (GS) and Best Buy (BBY) both posted strong earnings before the open and the market gapped up 10 points.
But investors sold the gap up ...
Posted by Greg Feirman · No Comments »
Is Goldman Really Different?
December 17, 2007 · Category: Technical Analysis, Stocks
Take a look at a YTD Goldman Sachs Chart. Especially zero in on the last 6 weeks (GS 2 Month Chart). Notice the zigging and zagging:
After closing around $248 on Wednesday October 31st, Goldman's shares ...
Posted by Greg Feirman · 2 Comments »
Is Mom Cutting Back On Shopping For Herself?
December 17, 2007 · Category: Macro Economics
With less money to spend on gifts for their families, mothers "pull back on spending for themselves first."
- John Morris, Senior Retail Analyst, Wachovia, quoted in "Retailers Face Ominous Holiday Sign", The New York Times, ...
Posted by Greg Feirman · No Comments »
The Technicals Are Bearish - Watch For The Break Below 1400
December 14, 2007 · Category: Technical Analysis, Sentiment Analysis
If you look at a chart of the S&P for the last 6 months, the action is really bearish from a technical standpoint (S&P Downtrend Chart).
We had a double top around 1560 (July 19, Oct ...
Posted by Greg Feirman · No Comments »
