Market Commentary Archive
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 »
Brave New World
September 8, 2008 · Category: Macro Economics, Market Commentary
Under these agreements, Treasury will ensure that each company maintains a positive net worth.
- Statement by Treasury Secretary Paulson on the bailout of Fannie Mae and Freddie Mac
If anybody thought we had a pure free ...
Posted by Greg Feirman · 2 Comments »
Summer Vacation On Wall Street
August 27, 2008 · Category: Technical Analysis, Market Commentary
Ultimately, it was another inconsequential day..... Under more normal circumstances, I'd be spending this week on the golf course, but I'm still in catch up mode.
- Charles Kirk, "Another Inconsequential Day", The Kirk Report, Wedneday ...
Posted by Greg Feirman · No Comments »
Darden Restaurants, Owner of The Olive Tree, Lowers Full Year Forecast
This morning Darden Restaurants (DRI), owner of The Olive Tree and Red Lobster, lowered their full year forecast (Press Release).
They lowered same store sales expectations for fiscal year 2009 from 2% growth to 0%-1% growth, ...
Posted by Greg Feirman · No Comments »
Fannie, Freddie And Lehman In The Eye Of The Storm
This week's trading has been dominated by concerns that Fannie Mae and Freddie Mac will essentially be nationalized by the US Govt and their common stockholders wiped out. The catalyst was a story in Barron's over ...
Posted by Greg Feirman · No Comments »
Why I Got Long Oil Today
I think oil is starting to become oversold in the way the financials were a month ago:
At $113 a barrel oil is down about 23% from its highs last month.
The 200 DMA (Day Moving Average) ...
Posted by Greg Feirman · No Comments »
Front Page WSJ Article: World Economy Shows New Strain
August 15, 2008 · Category: Macro Economics, Market Commentary
The global economy -- which had long remained resilient despite U.S. weakness -- is now slowing significantly, with Europe offering the latest evidence of trouble.
On Thursday, the European Union's statistics agency said gross domestic product ...
Posted by Greg Feirman · No Comments »
Goldman Calls a Bottom In The Dollar
Dollar strength will not be a straight line..... nevertheless, dollar lows are almost certainly behind us.
- "Calling A Bottom In The Dollar", Goldman Sachs
... the euro 'rubber band' is stretched as far as it's ever ...
Posted by Greg Feirman · No Comments »
There’s Something Happening Here: The Evolution Of The Bear
There's something happening here. What it is ain't exactly clear..... There's battle lines being drawn.
- Buffalo Springfield, "For What It's Worth"
Sooner or later in a bear market, even the glory stocks start to come apart.
As ...
Posted by Greg Feirman · 1 Comment »
Fed Still On Pause
August 5, 2008 · Category: Market Commentary, Federal Reserve
Today, for the 2nd consecutive meeting, the Federal Reserve kept the federal funds rate at 2%. The statement seems to indicate the risks are balanced between growth and inflation and that, therefore, the Fed is ...
Posted by Greg Feirman · No Comments »
