Archive for March 2009

The Mouth Is Out At CNBC

March 30, 2009  ·  Category: CNBC
Some good news: Dylan Ratigan, the loud mouth host of CNBC's "Fast Money" and co-host of "The Closing Bell", is apparently out at CNBC.  According to The New York Times, Ratigan quit abruptly on Friday ...
Posted by Greg Feirman  ·  No Comments »

Best Buy Report Spurs Ridiculous Rally In Consumer Discretionary Companies

March 26, 2009  ·  Category: Market Commentary, Stocks
That’s when the market took off – [S&P] futures went from 814 to 822.  When they think the consumer is completely dead, and Best Buy blows out earnings, even if a lot of it is ...
Posted by Greg Feirman  ·  No Comments »

Robert Prechter On The Paradox Of Successful Trading

March 25, 2009  ·  Category: Sentiment Analysis, Technical Analysis
Great excerpt from Robert Prechter on the paradox of successful trading (via Trader's Narrative): The natural tendency of people to apply physics to finance explains why successful traders are so rare and why they are so immensely ...
Posted by Greg Feirman  ·  No Comments »

Dear A.I.G., I Quit!

March 25, 2009  ·  Category: Business Culture and Current Events
The most read article on nytimes.com today is a resignation letter from Jake DeSantis, at AIG's Financial Products Unit, to Ed Liddy, "Dear A.I.G., I Quit!"  I take this action after 11 years of dedicated, honorable ...
Posted by Greg Feirman  ·  No Comments »

I’m Skeptical About This Rally

March 23, 2009  ·  Category: Market Commentary
How quickly things change..... Some stats from today's rally: S&P: +54 (7.1%) to 823 Dow: +497 (+6.8%) to 7776 NYSE Up Volume: 1,866,836,012 NYSE Down Volume: 44,683,760 NYSE Total Volume: 1,914,836,622 It was just 2 weeks ago (March 9th) that the S&P closed ...
Posted by Greg Feirman  ·  No Comments »

800 On The S&P Is Substantial Resistance

March 23, 2009  ·  Category: Market Commentary, Technical Analysis
800 on the S&P 500 is substantial resistance in my opinion.  For one thing, it's the 50 day moving average.  Second, it was acting as support earlier this year.  Further, it shorted out Wednesday's Fed ...
Posted by Greg Feirman  ·  No Comments »

The Capital Spectator On The Current Rally: Take It Slow

March 23, 2009  ·  Category: Market Commentary
The March rally in the stock market has people talking, and asking questions, such as: Was that a bottom? For the moment, the answer is “yes.”  Deciding if the answer holds is debatable.  We’re skeptical largely ...
Posted by Greg Feirman  ·  No Comments »

A Picture Is Worth 1000 Words: Scenes From The Recession

March 20, 2009  ·  Category: Business Culture and Current Events, Macro Economics
The Boston Globe's The Big Picture put up 35 scenes from the recession.  Tells the story well.....
Posted by Greg Feirman  ·  No Comments »

Grantham: Reinvesting When Terrified

March 19, 2009  ·  Category: Fundamental Analysis, Sentiment Analysis
It was psychologically painful in 1999 to give up making money on the way up and to expose yourself to the career risk that comes with looking like an old fuddy duddy. Similarly today, it ...
Posted by Greg Feirman  ·  No Comments »

How To Turn a Recession Into A Depression

March 19, 2009  ·  Category: Macro Economics, Politics
Red and Blue tribal pundits agree that economic recovery can only occur if private capital returns to the market.  That’s swell, at least they agree on something.  So why is our brain trust in Washington ...
Posted by Greg Feirman  ·  No Comments »