Archive for December 2007

The Question For 2008: Is The Bull Dead?

December 31, 2007  ·  Category: Market Commentary, Top Gun Financial Planning
"As the 2007 stock market roller coaster screeches to a close, one question above all has preoccupied investors: Will the bull market end in 2008?" - "The Bull: What's To Be Its Fate In '08?" (subscription ...
Posted by Greg Feirman  ·  No Comments »

CDSs: What Everybody Will Be Talking About In 2008

December 31, 2007  ·  Category: Bonds, The Investment Advice Business
"... defaults of a different kind could be the big issue of 2008.  If you want to mug up on jargon for the year ahead, then the business of insuring against bond defaults known as ...
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Revisiting 2007’s Hedge Fund And Private Equity IPOs

December 31, 2007  ·  Category: Business Culture and Current Events, Stocks
"These are sophisticated investors, and they certainly know how to time their own exits." - Adam Zoia, Founder, Glocap, an executive search firm focused on the alternative investment industry, in The New York Times "Wall St. ...
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Stocks Go Up In Presidential Election Years – Or Do They?

December 28, 2007  ·  Category: Market Commentary, Politics
One of the arguments all of us will hear time and again as the new year begins is that 2008 will be a good year for stocks because it is a Presidential election year.  Stocks ...
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California In The Red Again

December 28, 2007  ·  Category: Bonds, California
Two weeks ago, California Governor Arnold Schwarzenegger said that in January he would declare a "fiscal emergency" in the face of an anticipated $14 billion budget defecit for the 2008-09 fiscal year (July 1, 2008-June ...
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So Much For Santa

December 27, 2007  ·  Category: Geopolitics, Market Commentary, Stocks
A confluence of bad news combined to drive down stocks today. First, and most important, was the assasination of Pakistani opposition leader Benazir Bhutto (subscription required).  This reminds everybody of the high level of geopolitical risk in ...
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Nasdaq Up 6 Days In A Row; Window Dressing?

December 26, 2007  ·  Category: Market Commentary, The Investment Advice Business
Tech stocks have been performing extremely well at year end, with the Nasdaq up for the 6th consecutive day today - S&P Tech (XLK) is up 4.24% over the same period. I sense some window dressing here ...
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Holiday Sales Weak But Not Terrible

December 26, 2007  ·  Category: Macro Economics, Market Commentary
According to Mastercard's SpendingPulse, retail sales for the holiday season (the day after Thanksgiving through midnight Monday) were up 3.6% - 2.4% excluding gas which is much higher this year compared to last (subscription required). That ...
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Target December Sales Weak So Far, Costco “Pretty Good”

December 25, 2007  ·  Category: Macro Economics, Stocks
Yesterday (Monday) after the close, in its mid month sales update, Target (TGT) said that same store sales for December, on a comparable basis, would likely come in between -1% and 1% - below previous guidance ...
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Economist Feature Story On The Poker Boom

December 23, 2007  ·  Category: Poker
The Economist has a lengthy and fascinating piece, "A big deal", on the poker boom in their most recent edition (hat tip Abnormal Returns).
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