Archive for October 2008

Local Restaurants And Retailers Closing Left And Right

October 31, 2008  ·  Category: Local Business, Macro Economics
Back in January, I wrote about how the fast Asian restuarant Pick Up Stix had closed its location on the corner of Douglas and Sierra College Boulevard - along with all its other Sacramento locations. This ...
Posted by Greg Feirman  ·  No Comments »

The Next Bubble

October 29, 2008  ·  Category: Commodities, Federal Reserve, Geopolitics, Macro Economics
With the Fed slashing the funds rate to 1% today, it's worth remembering what happened the last time they did this: We got the most massive housing bubble in the history of mankind.  Well, today, in ...
Posted by Greg Feirman  ·  No Comments »

Fed To Market: Helicopters In Position

October 29, 2008  ·  Category: Commodities, Federal Reserve, Market Commentary
As expected, the Fed today cut the funds rate 50 basis points from 1.5% to 1.0%.  But I don't think enough attention is being paid to the statement.  The Fed appears to me to have completely ...
Posted by Greg Feirman  ·  No Comments »

Follow Through Day

October 28, 2008  ·  Category: Market Commentary, Technical Analysis
Starting on the fourth day of the attempted rally, look for one of the major averages to ‘follow through’, meaning it shows a booming 2% or more gain on heavier volume than the day before.  ...
Posted by Greg Feirman  ·  No Comments »

End Of The World Data Points Suggest Buying Opportunity Of A Lifetime

October 28, 2008  ·  Category: Market Commentary, Sentiment Analysis
When the market wants to bet that the world is coming to an end, the safe bet is to take the other side and bet the world won't come to an end.  After all, what ...
Posted by Greg Feirman  ·  No Comments »

Harrah’s LBO Teetering

October 27, 2008  ·  Category: Macro Economics, Market Commentary, Private Equity, Stocks
The problem is that this is worse than the worst-case scenario. - An executive closely involved with the Harrah's LBO on the worst case scenarios factored into their models at the time of the deal, quoted ...
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Two Articles Ask “Are Stocks Cheap?” And Reach Different Conclusions

October 27, 2008  ·  Category: Fundamental Analysis, Market Commentary
"How low are P/E ratios? Valuations are low only if you have short memory", Mark Hulbert, MarketWatch, October 23, 2008 Mark Hulbert writes that the S&P's trailing P/E ratio on the last 12 months reported earnings ...
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SeekingAlpha Comments Show Sentiment Is Extremely Bearish

October 26, 2008  ·  Category: Sentiment Analysis
SeekingAlpha posted my "A Severe Recession Is Now Priced Into Stocks" (Top Gun FP, Friday October 24th) and it seems to have gotten a pretty good readership.  More than 400 readers have followed the link ...
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A Severe Recession Is Now Priced Into Stocks

October 24, 2008  ·  Category: Fundamental Analysis, Macro Economics, Market Commentary, Stocks
On February 8th, with the S&P trading around 1330 I wrote "Stocks Now Priced For Mild Recession". Because I was expecting a severe recession, I didn't yet feel that stocks fully discounted what was on the ...
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The Smart Money Is Buying

October 22, 2008  ·  Category: Market Commentary, Sentiment Analysis
Here are some of the best investors in the world who have recently become bullish, at least for the short/intermediate term: Warren Buffett , "Buy American. I Am." The New York Times, October 17: A simple rule ...
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