Archive for August 2008

Earnings Reports From Four Retailers Show US Consumer Spending Is In Recession

August 28, 2008  ·  Category: Macro Economics, Stocks
Four earnings reports out today from prominent retailers show that US consumer spending is clearly in recession: Men's Warehouse (MW) - "You're gonna like the way you look.  I guarantee it!" - reported a 7.8% decrease ...
Posted by Greg Feirman  ·  No Comments »

Summer Vacation On Wall Street

August 27, 2008  ·  Category: Market Commentary, Technical Analysis
Ultimately, it was another inconsequential day.....  Under more normal circumstances, I'd be spending this week on the golf course, but I'm still in catch up mode. - Charles Kirk, "Another Inconsequential Day", The Kirk Report, Wedneday ...
Posted by Greg Feirman  ·  No Comments »

Darden Restaurants, Owner of The Olive Tree, Lowers Full Year Forecast

August 26, 2008  ·  Category: Macro Economics, Market Commentary, Stocks
This morning Darden Restaurants (DRI), owner of The Olive Tree and Red Lobster, lowered their full year forecast (Press Release). They lowered same store sales expectations for fiscal year 2009 from 2% growth to 0%-1% growth, ...
Posted by Greg Feirman  ·  No Comments »

McDonald’s Unveils The Big Freddie Mac

August 22, 2008  ·  Category: Humor
McDonald’s Corp. held a press conference today to unveil its latest sandwich: the Big Freddie Mac. Priced at 50 cents, the Big Freddie Mac is the first fast food hamburger to be subsidized by the ...
Posted by Greg Feirman  ·  No Comments »

Fannie, Freddie And Lehman In The Eye Of The Storm

August 22, 2008  ·  Category: Market Commentary, Real Estate, Stocks
This week's trading has been dominated by concerns that Fannie Mae and Freddie Mac will essentially be nationalized by the US Govt and their common stockholders wiped out.  The catalyst was a story in Barron's over ...
Posted by Greg Feirman  ·  No Comments »

Deterioration In Credit Card Portfolio Hits Target’s Bottom Line

August 19, 2008  ·  Category: Macro Economics, Stocks
Target (TGT) reported 2nd quarter earnings before the open this morning and what really caught my attention was the detioration in their credit card portfolio (TGT Earnings Release).  Target, a $40 billion market cap company, has ...
Posted by Greg Feirman  ·  No Comments »

Why I Got Long Oil Today

I think oil is starting to become oversold in the way the financials were a month ago: At $113 a barrel oil is down about 23% from its highs last month. The 200 DMA (Day Moving Average) ...
Posted by Greg Feirman  ·  No Comments »

Front Page WSJ Article: World Economy Shows New Strain

August 15, 2008  ·  Category: Macro Economics, Market Commentary
The global economy -- which had long remained resilient despite U.S. weakness -- is now slowing significantly, with Europe offering the latest evidence of trouble. On Thursday, the European Union's statistics agency said gross domestic product ...
Posted by Greg Feirman  ·  No Comments »

Goldman Calls a Bottom In The Dollar

August 14, 2008  ·  Category: Commodities, Currencies, Foreign Exchange, Market Commentary
Dollar strength will not be a straight line..... nevertheless, dollar lows are almost certainly behind us. - "Calling A Bottom In The Dollar", Goldman Sachs ... the euro 'rubber band' is stretched as far as it's ever ...
Posted by Greg Feirman  ·  No Comments »

New Article On Investing In The Bear At SmartManDaily.com

An article I wrote, "How to Prosper in a Bear Market", is available at SmartManDaily.com.
Posted by Greg Feirman  ·  No Comments »