Archive for January 2010

Top Gun FP Client Note: The Fear Beneath The Surface

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

Stuyvesant Town And Peter Cooper Village Partners Turn Keys Over To Lenders

January 26, 2010  ·  Category: Macro Economics, Real Estate
It's the poster child for the entire housing bubble.  There'll be some other spectacular blowups, but this will be at the top of the pecking order. - Daniel Alpert, Managing Partner, Westwood Capital The fact that they ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Neither Here Nor There

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  No Comments »

The Return Of Greed

January 13, 2010  ·  Category: Market Commentary, Sentiment Analysis
Minyanville professor Jason Goepfert of Sentimentrader.com noted last week that individual investor exposure to stocks is the highest since October 2007 while exposure to cash is at levels last seen in August 2000.  It's amazing ...
Posted by Greg Feirman  ·  No Comments »

Taylor: The Fed and the Crisis: A Reply to Ben Bernanke

January 12, 2010  ·  Category: Federal Reserve, Macro Economics
These technical arguments are important, but one should not lose sight of the forest through the trees.  You do not have to rely on the Taylor rule to see that monetary policy was too loose.  ...
Posted by Greg Feirman  ·  No Comments »

Ben Graham On The Efficient Market Theory And The Manic Depressive Market

January 11, 2010  ·  Category: Business and Investment Philosophy
In 1974, the great financial analyst Benjamin Graham wryly described the efficient-market hypothesis as a theory that "could have great practical importance if it coincided with reality."  Mr. Graham marveled at how Avon Products, which traded ...
Posted by Greg Feirman  ·  No Comments »

Shelton: Chairman Bernanke’s Monetary Apologia

January 11, 2010  ·  Category: Federal Reserve, Macro Economics
This past Sunday, at the American Economic Association's annual meeting in Atlanta, Ga., Federal Reserve Chairman Ben Bernanke offered up a lengthy, professorial defense of U.S. monetary policy over the last decade, focusing on its ...
Posted by Greg Feirman  ·  No Comments »

Avatar Drives IMAX Stock

January 11, 2010  ·  Category: Culture and Current Events, Stocks
Last Monday, IMAX (IMAX) announced their first $100 million box office quarter for the 4th quarter, driven by $54 million from Avatar.  In the past week, IMAX outfitted theaters did about 25% of Avatar's domestic ...
Posted by Greg Feirman  ·  1 Comment »

Barron’s: Money Flowing Out of US Funds Into Emerging Markets

January 11, 2010  ·  Category: Emerging Markets, The Investment Advice Business
Source: "Wish You Were Here", Barron's, January 9
Posted by Greg Feirman  ·  No Comments »

Krugman: Learning From Europe

January 11, 2010  ·  Category: Macro Economics, Politics
The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works. ..... So why do we get such a different picture from ...
Posted by Greg Feirman  ·  No Comments »