Market Commentary Archive
Harrah’s LBO Teetering
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 ...
Posted by Greg Feirman · No Comments »
Two Articles Ask “Are Stocks Cheap?” And Reach Different Conclusions
October 27, 2008 · Category: Market Commentary, Fundamental Analysis
"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 ...
Posted by Greg Feirman · No Comments »
A Severe Recession Is Now Priced Into 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 ...
Posted by Greg Feirman · No Comments »
The Smart Money Is Buying
October 22, 2008 · Category: Sentiment Analysis, Market Commentary
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 ...
Posted by Greg Feirman · No Comments »
This Apple Is Sweet!
October 22, 2008 · Category: Stocks, Market Commentary
Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone - we sold more phones than RIM. We don't yet know how this economic downturn will affect ...
Posted by Greg Feirman · No Comments »
Buffett NY Times Op-Ed: Buy Now
October 17, 2008 · Category: Sentiment Analysis, Market Commentary
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are ...
Posted by Greg Feirman · No Comments »
The Point of Maximum Pessimism
October 16, 2008 · Category: Sentiment Analysis, Market Commentary
The time of maximum pessimism is the best time to buy.
- Legendary Investor John Templeton
Yesterday Merrill Lynch released their monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion ...
Posted by Greg Feirman · 2 Comments »
eBay Disappoints But If There’s A Cheaper Stock Out There I Don’t Know What It Is
October 15, 2008 · Category: Stocks, Market Commentary
eBay (EBAY) reported 3rd quarter earnings after the close today and while the 3rd quarter was okay their 4th quarter guidance was well below Wall Street estimates (EBAY 3Q Earnings Release).
They guided to EPS between ...
Posted by Greg Feirman · No Comments »
The Lows For The Year Are In
It's my opinion that we'll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year.
- Todd Harrison, "Have we ...
Posted by Greg Feirman · No Comments »
Intel Ba-byyyy!
Intel (INTC) kicked off 3rd quarter tech earnings after the close today and they did it in style (INTC 3Q Earnings Release).
They reported EPS of 35 cents a share compared to estimates of 34 cents ...
Posted by Greg Feirman · No Comments »
