Archive for January 2008
Short Term Bottom
January 22, 2008 · Category: Market Commentary
I'm going to go out on a limb and say that this morning's lows are going to form a short term bottom. By short term I mean at least a week or two.
There are a ...
Posted by Greg Feirman · No Comments »
How Do You Like Them Apples?
January 22, 2008 · Category: Market Commentary, Stocks
Is the relentless selling EVER going to end?
Apple (AAPL) reported first quarter of their fiscal year earnings after the close today and while the just completed quarter was sparkling their forecast for next quarter was underwhelming.
In ...
Posted by Greg Feirman · No Comments »
Financial, Real Estate And Retail Stocks Up Big Today; Tech Hit Again
January 22, 2008 · Category: Market Commentary
One of the interesting features of today's trading is that sectors that have been absolutely torched for the last year are generating some real buying interest:
S&P Financials (XLF): +1.88%
Regional Banks (KRE): +3.60%
S&P Home Builders (XHB): ...
Posted by Greg Feirman · No Comments »
The Capital Spectator: You Buy When You Want To Sell And Sell When You Want To Buy
"History teaches that the greatest buying opportunities often arrive at moments of extreme stress in the financial system. Positioning one's mind, and one's portfolio, to exploit such moments is vital for generating something other than mediocre ...
Posted by Greg Feirman · No Comments »
Overseas Markets Crash, Fed Cuts 75, Markets Gap Down At The Open And Reverse
Markets sold off badly overseas on Monday as investors feared the effects of a US recession on the rest of the world (Overseas Selloff Graphic).
As a consequence, US futures markets were in panic mode yesterday ahead ...
Posted by Greg Feirman · No Comments »
Some Investors Start To See Value
January 20, 2008 · Category: Market Commentary, Sentiment Analysis
"A full fledged recession is now priced into bonds and is increasingly priced into stocks."
- Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management
"We see US equities as being about 10% to 15% too cheap."
- ...
Posted by Greg Feirman · No Comments »
Recommended Reading: The LA Times Reporter Who Sold At The Top Of The Housing Market
January 20, 2008 · Category: Real Estate, Sentiment Analysis
"I sensed trouble when a homeless man told me he was studying for his real estate license."
- Peter Hong, "How We Cashed In Before The Housing Crash", The Los Angeles Times, January 20, 2008
"Don't believe ...
Posted by Greg Feirman · 1 Comment »
Pick Up Stix Closes All Sacramento Area Restaurants
January 20, 2008 · Category: Local Business, Macro Economics
"We took a hard look at our existing business in light of the current economic situation and at this time will focus on our core market."
- Carlson Restuarants Worldwide Spokeswoman Amy Freshwater
Pick-Up Stix, the fast ...
Posted by Greg Feirman · No Comments »
Sacramento Housing Market Crushed In 2007
"What you're starting to see right now with the foreclosure inventory swelling is the banks are getting aggressive..... I think 2008 is going to be a year to remember."
- Mike Toste, a Lincoln based real ...
Posted by Greg Feirman · No Comments »
Why We Get A Rally Next Week
January 18, 2008 · Category: Market Commentary
I think we're setting up for a much anticipated bounce next week.
First, we're majorly oversold here.Â
We're down about 10% on the S&P in just the two and a half weeks of 2008 (Jan 2-4, Jan ...
Posted by Greg Feirman · No Comments »
