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
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 »
