Archive for April 2008

Two Decades Of Easy Money

April 30, 2008  ·  Category: Federal Reserve, Macro Economics
Do we have the wit and the wisdom to restore an environment of price stability without impairing economic stability? Should we fail, I fear the distortions and uncertainty generated by inflation itself will greatly extend ...
Posted by Greg Feirman  ·  No Comments »

Bernanke Plays It Safe

April 30, 2008  ·  Category: Federal Reserve, Market Commentary
Today's FOMC decision is kind of a dud.  They played it pretty much as safe as they could: they cut 25, as everyone was expecting, and they made only very, very slight adjustment to the ...
Posted by Greg Feirman  ·  No Comments »

Bulls Have Eye Of The Tiger Ahead Of Fed

Risin up, back on the street Did my time, took my chances Went the distance now I'm back on my feet Just a man and his will to survive Its the eye of the tiger, Its the thrill of the ...
Posted by Greg Feirman  ·  No Comments »

Excellent WSJ Article On The Sentiment Shift

April 28, 2008  ·  Category: Sentiment Analysis
Some market participants are beginning to wonder whether the last convulsion of turmoil in March - when Bears Stearns Cos. nearly collapsed, J.P. Morgan Chase & Co. stepped in to save it and the Federal ...
Posted by Greg Feirman  ·  No Comments »

Buffett Expects Recession To Be Worse Than Most Think

April 28, 2008  ·  Category: Market Commentary, Sentiment Analysis
Buffett was on CNBC's Squawk Box this morning to talk about his Wrigley (WWY) deal, but what caught my attention were his comments on the economy (his comments on the economy start around the 7:40 ...
Posted by Greg Feirman  ·  No Comments »

Weekend Reading: Three Bears Who Don’t Believe

April 25, 2008  ·  Category: Market Commentary
Here are three good articles from prominent investors/journalists who see things the way I do: "Don't trust this market rally", Jim Jubak, Money Central, Friday April 25 "The market's worst is yet to come", Bill Fleckenstein, Money ...
Posted by Greg Feirman  ·  No Comments »

Could Microsoft Walk Away From Yahoo!?

April 25, 2008  ·  Category: Business Culture and Current Events, Stocks
As outlined in our recent letter to the Yahoo Board, unless we make progress with Yahoo towards an agreement by this weekend, we will reconsider our alternatives. We will provide updates as appropriate next week. ...
Posted by Greg Feirman  ·  No Comments »

Technicians Say We’re At a “Critical Juncture”

April 24, 2008  ·  Category: Market Commentary, Technical Analysis
As I've mentioned before, observers of financial markets speak of "critical junctures" on, it seems, a daily basis. I try hard to refrain from using this phrase often, but I sincerely think we're at a ...
Posted by Greg Feirman  ·  No Comments »

Legendary Investor Bill Miller Calls A Bottom

Legendary investor Bill Miller, manager of the Legg Mason Value Trust which beat the S&P 500 for 15 straight years before underperforming in 2006 and again in 2007, appears to have called the bottom in ...
Posted by Greg Feirman  ·  No Comments »

The Front Page WSJ Article That’s Driving Todays Trading

April 24, 2008  ·  Category: Federal Reserve, Market Commentary
The Federal Reserve is likely to cut its short-term interest rate by a quarter of a percentage point next week -- but then may be ready for a breather. - Greg Ip, "Fed May Consider Pause ...
Posted by Greg Feirman  ·  No Comments »