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WSJ Article: “Tech Stocks Get Giddy :)”
Reading Time: 3 minutesThe outperformance of tech over the last 3-4 months is noteworthy (Top Gun first noted it on July 5 “Tech Leads Market”). A number of prominent tech stocks such as Apple (AAPL), Google (GOOG), Research in Motion (RIMM) and Cisco (CSCO) are…
Overseas Markets Crash, Fed Cuts 75, Markets Gap Down At The Open And Reverse
Reading Time: 3 minutesMarkets sold off badly overseas on Monday as investors feared the effects of a US recession on the rest of the world (Overseas Selloff Graphic). As a consequence, US futures markets were in panic mode yesterday ahead of today’s opening. With…
June 5 Bloomberg Interview With The Great Michael Steinhardt
Reading Time: 1 minute(Via Infectious Greed)
They Know Nothing
Reading Time: 3 minutesThursday the Fed raised the Fed Funds Rate 75 basis points to 3.0-3.25% as expected. What surprised me – and the market – was the continued hawkishness implied by the “dot plot” – the Fed’s expectation of where interest rates…
Top Gun FP Client Note: The Forest And The Trees
Reading Time: 9 minutesNOTE: 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 hand corner of the website. …
Be OMO Not FOMO, The Resumption Of The Bear Market, NFLX Is Extremely Overvalued
Reading Time: 5 minutesI wouldn’t be taking as big of a risk because of valuations. It’s terrifying how narrow the rally has been. You need growth to surprise to the upside. If not, high multiples can get compressed, and that can happen quickly….

