Archive for September 2008

Domino Effect: Understanding The Current Crisis From The Fall Of Lehman To Black Monday II

September 29, 2008  ·  Category: Federal Reserve, Market Commentary, Stocks
Lehman's bankruptcy filing in the early hours of Monday, Sept. 15, sparked a chain reaction that sent credit markets into disarray. It accelerated the downward spiral of giant U.S. insurer American International Group Inc. and ...
Posted by Greg Feirman  ·  No Comments »

This Is When You Buy

September 29, 2008  ·  Category: Market Commentary, Sentiment Analysis
In the wake of the failure of The US House of Representatives to pass the bailout bill, stock markets are crashing: The Dow is down about 470 points and the S&P about 66 as I write ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: The Hammer And The Helicopter

September 21, 2008  ·  Category: Market Commentary, Top Gun Financial Planning
I will be out of town early this week on business and I don't know if I'll be able to get any posts up.  So I've decided to post this week's Client Note.  Every week ...
Posted by Greg Feirman  ·  No Comments »

Playing For A Bounce

September 17, 2008  ·  Category: Market Commentary, Politics, Sentiment Analysis, Technical Analysis
Some of the best trades come when everyone gets very panicky.  The crowd can often act very stupidly in the markets.  You can picture price fluctuations around an equilibrium level as a rubber band being ...
Posted by Greg Feirman  ·  No Comments »

Federal Government Buys AIG; Creeping Socialism

September 16, 2008  ·  Category: Federal Reserve, Market Commentary, Politics, Stocks
The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section ...
Posted by Greg Feirman  ·  No Comments »

Fed Holds Interest Rate Steady But Statement Is More Dovish

September 16, 2008  ·  Category: Federal Reserve, Market Commentary
In retrospect, the Fed's decision to hold interest rates steady seems obvious.  They can't give in to every little fear and panic in the markets and print money just to make everybody feel good.  They ...
Posted by Greg Feirman  ·  No Comments »

Goldman Is Okay

September 16, 2008  ·  Category: Market Commentary, Stocks
In light of recent events at Bear Stearns, Lehman Brothers and Merrill Lynch, there was a lot of fear heading into Goldman Sach's (GS) 3rd quarter earnings report this morning (GS FY 3Q Earnings Release).  But, ...
Posted by Greg Feirman  ·  No Comments »

S&P Closes Below 1200 And Other Technical Details

September 15, 2008  ·  Category: Market Commentary, Sentiment Analysis, Technical Analysis
The key level of support of 1200 on the S&P 500, the intraday low from July 15th, was breached today with the S&P closing at 1193 (S&P 6 Month Chart).  This is important because a lot of traders ...
Posted by Greg Feirman  ·  No Comments »

Get Ready For The Break Below 1200

September 11, 2008  ·  Category: Market Commentary, Technical Analysis
If you've been following the stock market this week, you might have come to the conclusion I've come to after many years of study: The stock market is a pain in the ass.  Put another ...
Posted by Greg Feirman  ·  No Comments »

The Pain Still To Come In Commercial Real Estate And Private Equity

September 9, 2008  ·  Category: Macro Economics, Market Commentary
So far in this bust the pain has been concentrated in single family homes and their associated mortgages and mortgage backed securities.  But that's not the only kind of debt that got out of hand ...
Posted by Greg Feirman  ·  No Comments »