Archive for September 2007

Fox Business Channel To Launch October 15

September 25, 2007  ·  Category: Business Culture and Current Events
"CNBC is a financial channel for Wall Street.  We're for Main Street." - Rupert Murdoch, CEO News Corp In about 3 weeks the much anticipated Fox Business Channel will launch.  In the wake of News Corp (the parent ...
Posted by Greg Feirman  ·  No Comments »

Target Lowers Sales Forecast, Lennar Reports An Ugly Quarter and Existing Home Sales Fall

September 25, 2007  ·  Category: Market Commentary, Real Estate, Stocks
There's a lot of news out this morning that has to make you a little uneasy if you're a bull. Target (TGT) reduced its same store sales forecast for September from 4-6% to 1.5-2.5% (subscription required), ...
Posted by Greg Feirman  ·  No Comments »

Top Gun Gets More Than 1300 Visits In The Week Sept 17-21

September 22, 2007  ·  Category: Top Gun Financial Planning
Top Gun's readership is starting to build and we got more than 1300 individual visits last week (graph).
Posted by Greg Feirman  ·  No Comments »

Helicopter Money Causes Gold Explosion, Dollar Crash

September 20, 2007  ·  Category: Foreign Exchange, Gold
The gold market "is telling us that the Federal Reserve has no inflation fighting credibility." - Ralph Preston, Account Executive, Heritage West Financial "Foreign investors would be foolish to buy US investments knowing that the value of the ...
Posted by Greg Feirman  ·  No Comments »

It’s Dangerous To Bet Against Goldman Sachs

September 20, 2007  ·  Category: Market Commentary, Stocks
As the market grinds through what looks to be a relatively slow, consolidation day, I took a couple hours this morning to review the quarterly earnings a bunch of investment banks released this week.  Overall, Goldman's ...
Posted by Greg Feirman  ·  No Comments »

January 3, 2001: The Last Time The Fed Cut Interest Rates By 50 Basis Points

September 18, 2007  ·  Category: Market Commentary
I just did a little interesting historical homework and researched the market reaction to Greenspan's intermeeting rate cut on Wednesday January 3, 2001 from 6.5% to 6% - the last time the Fed cut the ...
Posted by Greg Feirman  ·  No Comments »

28:1 Up to Down Volume and 9 Out Of Every 10 Stocks Advance

September 18, 2007  ·  Category: Market Commentary, Technical Analysis
It was a truly monster day on The New York Stock Exchange.  3043 of 3434 issues advanced - a ratio of almost 9 to 1.  And up volume of 1.59 billion of a total volume ...
Posted by Greg Feirman  ·  No Comments »

Bernanke Changes His Tune, Cuts Fed Funds Rate By 50 Basis Points

September 18, 2007  ·  Category: Federal Reserve, Market Commentary
Today Bernanke and the Fed surprised most everybody with a 50 basis point cut to the Fed Funds rate.  The cut has been a potent catalyst for the stock market (Tue 9/18/07, Close): Dow: +336 or ...
Posted by Greg Feirman  ·  No Comments »

All The News Is Good Means Sell

September 18, 2007  ·  Category: Market Commentary
"There's a bit of cautious optimism heading into the Fed meeting this afternoon." - Robert Pavlik (subscription required), Chief Investment Officer, Oaktree Asset Management  We've had quite a nice move in the markets over the last week ...
Posted by Greg Feirman  ·  No Comments »

Pet Sales Is A $41 Billion Industry

September 17, 2007  ·  Category: Stocks
Did you know that pet industry sales are the 2nd fastest growing retail category behind electronics? It's a bull market in pet supplies!!!! You absolutely must read this fabulous LA Times article on the growing pet industry. Check ...
Posted by Greg Feirman  ·  No Comments »