Archive for July 2008

Cramer Declares The End Of The Bear Market

July 31, 2008  ·  Category: Market Commentary, Sentiment Analysis
I am indeed sticking my neck out right here, right now, declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15..... Bye, bye bear market.  Say hello ...
Posted by Greg Feirman  ·  No Comments »

“Please Make A U-Turn. Thank You. Recalculating Route.”

July 30, 2008  ·  Category: Fundamental Analysis, Stocks
GPS maker Garmin (GRMN) is getting torched again today after reporting disappointing 2nd quarter earnings before the open (GRMN 2nd Quarter Earnings Release).  They reported earnings of 94 cents a share, excluding a 25 cent ...
Posted by Greg Feirman  ·  No Comments »

Merrill Sells $31 Billion In Mortgage Securities For 22 Cents On The Dollar, To Issue $8.5 Billion In Stock

July 29, 2008  ·  Category: Market Commentary, Stocks
The big story today is Merrill Lynch's (MER) announcement that it will sell $30.6 billion in face value mortgage backed securities to Lone Star Funds for a purchase price of $6.7 billion -22 cents on ...
Posted by Greg Feirman  ·  No Comments »

Monday Reading: The Big Picture

I've come across some really good pieces the last couple of days that I want to share: "Generalists can have some advantages, including being able to 'focus on the true, single hinge issue' of a company', ...
Posted by Greg Feirman  ·  No Comments »

Trading Places: Energy And Financials

July 24, 2008  ·  Category: Market Commentary, Technical Analysis
Despite the action in the financials today, the surge in financials and selloff in energy of late is something to watch.  Check out BeSpoke's post, with the beautiful charts, today: "Trading Places: Energy And Financials". A ...
Posted by Greg Feirman  ·  No Comments »

So Much For The Rally In The Financials

July 24, 2008  ·  Category: Market Commentary, Stocks
A torrid 1 week, 35%, rally in the financials appears to have come to an abrupt end today.  After that explosive move, the financials are selling off to the tune of 6.5% today (XLF 3 ...
Posted by Greg Feirman  ·  No Comments »

When Momentum Stocks Crack: Chipotle Mexican Grill (CMG)

July 24, 2008  ·  Category: Stocks
I've been interested in Chipotle Mexican Grill (CMG) for quite a while now.  They have a location on Douglass and Sierra College Boulevard a couple miles from my house and I've been eating there for ...
Posted by Greg Feirman  ·  No Comments »

Same Story At WaMu

July 22, 2008  ·  Category: Macro Economics, Market Commentary, Real Estate, Stocks
Today after the close Washington Mutual (WM) announced a $3.3 billion 2nd quarter loss driven by a $6 billion provision for loan losses (WM Earnings Release). WaMu has a quarter trillion dollar ($250 billion) loan portfolio, ...
Posted by Greg Feirman  ·  No Comments »

The Banks Are Getting Killed

July 22, 2008  ·  Category: Macro Economics, Market Commentary, Real Estate, Stocks
As we all know, the housing market is driving everything in this bust.  And the financials, as the source of all the financing for the housing market, have borne the brunt of the pain and ...
Posted by Greg Feirman  ·  No Comments »

Financials Less Interesting After Big Pop

I've been getting a lot of e-mails and compliments since my post from Tuesday afternoon "Today Is The Bottom In The Financials" proved to be right on.  So I thought it would be useful to ...
Posted by Greg Feirman  ·  No Comments »