Archive for October 2010

Top Gun FP Client Note: The Rally In Context

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 »

QE2 To Be Gradual As Opposed To “Shock And Awe”

The Federal Reserve is close to embarking on another round of monetary stimulus next week, against the backdrop of a weak economy and low inflation—and despite doubts about the wisdom and efficacy of the policy ...
Posted by Greg Feirman  ·  No Comments »

CNBC Survey: Market Expecting QE2 In November

October 11, 2010  ·  Category: CNBC, Federal Reserve, Market Commentary, Sentiment Analysis
Great survey by CNBC's Steve Leisman reported this morning on market expectations for QE2.  Here are some of the interesting results: 93% (65 of 70) expect additional QE. 83% (54 of 65) expect an incremental approach, such ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: The Race To The Bottom

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 »

QE2: Not What The Market Is Expecting

October 7, 2010  ·  Category: Federal Reserve, Market Commentary
If the FOMC were to move forward with an expansion of the balance sheet, it would presumably want to take into consideration the perspective gained from the asset purchases conducted from late 2008 to early ...
Posted by Greg Feirman  ·  2 Comments »

Hatzius: Economy “Fairly Bad” Or “Very Bad” Next 6-9 Months

October 7, 2010  ·  Category: Macro Economics, Market Commentary
We see two main scenarios for the economy over the next 6-9 months — a fairly bad one in which the economy grows at a 1½%-2 percent rate through the middle of next year and ...
Posted by Greg Feirman  ·  No Comments »

No Volume In September Despite Big Rally

October 5, 2010  ·  Category: Market Commentary, Technical Analysis
We talk to  a lot of people.  They're all waiting for the dust to clear. - Steve Quirk, Senior Vice President, Trader Group, TD Ameritrade The most popular trade is sitting on the sidelines. - Kerim Derhalli, Global ...
Posted by Greg Feirman  ·  No Comments »

The BOJ Goes QE

October 5, 2010  ·  Category: Currencies, Geopolitics, Japan, Macro Economics, Market Commentary
It is an extraordinary measure for a central bank, particularly the purchase of financial assets to encourage the decline in risk premiums.  To be explicit on that point and to extensively influence market interest rates ...
Posted by Greg Feirman  ·  No Comments »

Blue Chips Issue Debt At Record Low Rates, Stockpile The Cash

October 4, 2010  ·  Category: Bonds, Stocks
As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can. Companies like Microsoft are raising billions ...
Posted by Greg Feirman  ·  No Comments »