Archive for May 2008

Technically, Not A Recession

May 30, 2008  ·  Category: Humor
I found this report interesting: Technically, Not A Recession (via The Big Picture).
Posted by Greg Feirman  ·  No Comments »

J Crew And Tiffany’s Reports Echo Familiar Theme: Weak US, Strong International

May 30, 2008  ·  Category: Macro Economics, Stocks
Retailer J Crew (JCG), which has 267 stores all in the US, reduced guidance for 2008 in an otherwise strong 1st quarter earnings report yesterday after the close.  They took down full year EPS forecasts ...
Posted by Greg Feirman  ·  No Comments »

US Spending On MasterCard Credit And Debit Cards Slowing

May 29, 2008  ·  Category: Macro Economics
Continue to see GDV [Gross Dollar Volume] growth slowing in the US...... - MasterCard Investor's Presentation, May 29, 2008, "2008 View" (pg. 61 of 69) Take a look at this chart of US gross dollar volume growth on ...
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MasterCard Is A Sell Here

May 29, 2008  ·  Category: Stocks
One of the hottest stocks the last two years has been credit card issuer MasterCard (MA).  Mastercard has risen almost 700% from its IPO price of $39 a share on May 25, 2006 to its ...
Posted by Greg Feirman  ·  No Comments »

Oil Market Action Continues To Suggest A Top

May 29, 2008  ·  Category: Commodities, Market Commentary
This looks like a market that's running out of steam. - Walter Zimmerman (subscription required), Technical Analyst, ICAP/United Energy Some more interesting action in the oil market today.  The Energy Information Administration today announced an 8.8 million barrel decline ...
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Ken Heebner Is The Best Mutual Fund Manager In The World Right Now

How do you explain genius? Ken just sees things other don't. - Douglass Pratt, a former mutual fund manager who worked with Heebner He saw something the rest of us didn't.  That's Ken - that's always been ...
Posted by Greg Feirman  ·  2 Comments »

Tuesday Reading: Is Oil A Bubble?

May 27, 2008  ·  Category: Commodities, Market Commentary
"Is $130 oil a bubble?", CNN, Friday May 23 "The Short View: Commodity Speculation", John Authers, Financial Times, Tuesday May 20 "Whither The Price of Oil?", John Mauldin, Frontline Thoughts, Friday May 23 "High Oil Prices Spur Thoughts ...
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Oil Down $4

May 27, 2008  ·  Category: Commodities, Market Commentary
In the past (Iran) would have put a little bullish impetus in these markets, but it isn't today.  Perhaps it's telling. - Addison Armstrong (subscription required), Analyst, Tradition Energy The story in financial markets for the last bunch ...
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The Wisdom Of John Mackey

I want to recommend to everybody John Mackey's excellent commencement speech delivered at Bentley College on Saturday May 17, 2008, recently posted to his Whole Foods blog. Mackey, the Founder and CEO of Whole Foods (WFMI), ...
Posted by Greg Feirman  ·  No Comments »

Bill Gross: CPI Understates Real Inflation

May 22, 2008  ·  Category: Gold, Inflation
 I’ll tell you another area where we’ve been foolin’ ourselves and that’s the belief that inflation is under control. Gross on using owner equivalent rent instead of home prices in calculating the CPI: ..... the first occurring in ...
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