Archive for January 2008

Say Goodnight – Google Disappoints

January 31, 2008  ·  Category: Market Commentary, Stocks
Stocks like Apple (AAPL), Google (GOOG), McDonald’s (MCD) haven’t really been hit too much yet. But they will. They’ll be the last to go. But when they go, they’ll go hard. - "The Big, Popular, Growth ...
Posted by Greg Feirman  ·  No Comments »

WSJ Front Page Article: Investors Rush To Gold

January 31, 2008  ·  Category: Gold, Sentiment Analysis
The Wall Street Journal ran a front page article on the bull market in gold this morning: "Investors Rush To Gold" (subscription required), by ES Browning. In it, Browning reviews how many investors, both individual and institutional, ...
Posted by Greg Feirman  ·  No Comments »

Wall Street Babies

January 31, 2008  ·  Category: Business Culture and Current Events, Federal Reserve
..... macroeconomic policy should not be based on a panicky attempt to avoid a 2008 recession at all costs....  The US should face its need for adjustment with courage and reason, not fear.  It should stop ...
Posted by Greg Feirman  ·  No Comments »

And The Rally’s Over

January 30, 2008  ·  Category: Federal Reserve, Market Commentary, Sentiment Analysis
The rally that began at 1pm EST last Wednesday ended today at 3pm EST as investors sold the surge on the 50 point cut by the Fed (S&P 1 Day Chart, S&P 10 Day Chart). It ...
Posted by Greg Feirman  ·  No Comments »

Two Hedge Fund Legends Weigh In

January 30, 2008  ·  Category: Market Commentary
Yesterday gave us the chance to listen in on two of the greatest investors of all time: Julian Robertson and Michael Steinhardt. In a Fortune Magazine profile of Robertson, Robertson said that his biggest trade right ...
Posted by Greg Feirman  ·  No Comments »

Gurus Short Emerging Markets

January 29, 2008  ·  Category: Stocks
Last week, the M-100 market gurus biggest move was to increase their short exposure to emerging markets by buying the ProFunds UltraShort MSCI Emerging Markets Fund (EEV). You can learn more about this ETF here: http://www.proshares.com/funds/eev.html A ...
Posted by Greg Feirman  ·  No Comments »

Birinyi Goes Short Term Bullish

January 29, 2008  ·  Category: Sentiment Analysis
CNBC's NYSE floor reporter Bob Pisani has been reporting today that Laslo Birinyi, Forbes columnist and well followed market analyst, has gone short term bullish in a note released late night characterizing his position as ...
Posted by Greg Feirman  ·  1 Comment »

Ritholtz Blasts Ben Stein

January 29, 2008  ·  Category: Business Culture and Current Events
This morning in a post titled "Farewell To Ben Stein", Barry Ritholtz of The Big Picture torches Ben Stein for his ideological and biased approach to the economy of late.  Here's the beginning: Its time to bid ...
Posted by Greg Feirman  ·  No Comments »

VMWare Crushed In After Hours

January 28, 2008  ·  Category: Market Commentary, Stocks
VMWare (VMW), one of the hottest IPOs of 2007, was crushed in the after hours tonight (down 27%) after reporting 4th quarter earnings. Revenue of $412 million came in $5 million shy of analysts estimates and their ...
Posted by Greg Feirman  ·  No Comments »

Newsweek Cover: “Road To Recession”

January 28, 2008  ·  Category: Sentiment Analysis
Newsweek's cover story this week is titled "Road To Recession" and the picture is of a desert road. I think this is significant.  It tells us that many people are now of the opinion or at ...
Posted by Greg Feirman  ·  No Comments »