Archive for May 2007

No Taxation Without Representation! – Chinese Investors Rebel Against Increase in the Stamp Tax

May 30, 2007  ·  Category: China, Market Commentary
Ever since the huge selloff in China on Tuesday February 27 which sent stock markets around the world crashing down, investors everywhere have been watching the Chinese stock market.  There was a second selloff on Thursday ...
Posted by Greg Feirman  ·  No Comments »

Back to Obsessing About the Fed; Range Trading on the 10 Year Treasury; Market Out Of Gas For Now

May 24, 2007  ·  Category: Interest Rates, Market Commentary, Sentiment Analysis
You know Wall Street couldn't go more than a few weeks without obsessing about the Fed and if there is going to be a rate cut this year or not.  I swear to God...... The immediate ...
Posted by Greg Feirman  ·  No Comments »

Looks Like Another Good Week; Dow Continues to Lead – Mostly; Carry Trade Back In Full Force

May 17, 2007  ·  Category: Foreign Exchange, Inflation, Japan, Market Commentary
It's looking like another good week for the stock market.  Here's how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the ...
Posted by Greg Feirman  ·  No Comments »

Dreams Of A Rate Cut???? – Flat Core PPI Fuels Rally

May 11, 2007  ·  Category: Market Commentary
"On the inflation front, the trend appears to be down, instead of holding steady, for the first time.  We can live with the economic weakness [implied by the retail sales numbers] if we're getting inflation ...
Posted by Greg Feirman  ·  No Comments »

Today’s Retail Numbers Don’t Mean Anything

May 10, 2007  ·  Category: Macro Economics, Market Commentary
"When the market is on a roll like this, it ultimately looks for excuses for profit taking, and retail sales provided that." - Tony Dwyer, equity strategist FTN Midwest Research (subscription required) About an hour ago Barry ...
Posted by Greg Feirman  ·  No Comments »

Fed Copy Machine In Good Working Order – Starch In Shirt Collars Working Well For Now As Well

May 9, 2007  ·  Category: Federal Reserve
So the big event of the week, the Federal Open Market Committee (FOMC) announcement released today at 2:15pm EST, turns out to be a non-event.  As if we didn't already know it: THE FED IS ON ...
Posted by Greg Feirman  ·  No Comments »

I Can’t Think Of Anything To Stop This Market In The Short Term

May 4, 2007  ·  Category: Market Commentary
4 weeks ago (Tue 4/9, "Back to Reality - Earnings Season Kicks Off"), I was skeptical that markets could power through what looked to be an upcoming disappointing earnings season.  I quoted E.S. Browning from ...
Posted by Greg Feirman  ·  No Comments »

S&P 500 Closes Above 1500 For The First Time Since Sept 7, 2000

May 4, 2007  ·  Category: Market Commentary
The S&P 500 closed today at 1502 - the first time it's closed above 1500 since Sept 7, 2000.  The all-time closing high for the S&P 500 of 1527.46 on March 24, 2000 seems destined ...
Posted by Greg Feirman  ·  No Comments »

Update: Jones Soda (JSDA) Gets Hammered After the Close; Cramer Says “Sell!!!”

May 4, 2007  ·  Category: Stocks
Jones Soda (JSDA), a stock whose story I told a couple weeks ago, reported disappointing earnings after the close today (Thu 5/3).  The stock was down $4.20, 16.6%, in the after hours to around $21.  ...
Posted by Greg Feirman  ·  No Comments »

WSJ MarketBeat: Revenge of the Big Caps

May 3, 2007  ·  Category: Portfolio Management
David Gaffen over at the WSJ's MarketBeat blog has a nice little post on the case for big caps right now.  He gave five reasons why Big Caps might outperform Small Caps going forward: (1) Sluggish Growth ...
Posted by Greg Feirman  ·  No Comments »