Archive for January 2008

Gold Surges to $930; “Rocket Shot” to $1000?

January 28, 2008  ·  Category: Federal Reserve, Gold, Inflation
"Expectations of further Fed cuts continue to support the precious metal, and traders feel bullion can break the $950 mark in coming weeks.  Some even suggest that gold may jump as high as $1000 an ...
Posted by Greg Feirman  ·  No Comments »

Markets Expecting Another 50 Point Cut?

January 28, 2008  ·  Category: Federal Reserve, Market Commentary, Stocks
It's been another volatile day so far. Markets opened sharply lower, due to selling overseas and weak same store sales numbers from McDonald's (MCD).  US same store sales were up only 3.3% in the 4th quarter and ...
Posted by Greg Feirman  ·  No Comments »

The Momentum Game Is Over; The Return Of Value

January 25, 2008  ·  Category: Business and Investment Philosophy, Market Commentary
".... the basic forces that propel markets your editor believes to be momentum and value....." - James Picerno, "A Short Treatise For A Two-Factor World", May 14, 2007, The Capital Spectator "In 2007, by far the biggest ...
Posted by Greg Feirman  ·  No Comments »

Harley Sold 20% Fewer Bikes In The US Last Quarter

January 25, 2008  ·  Category: Macro Economics, Stocks
As I've written about before, I like to follow sales of Harley's and RVs because I think they give insight into discretionary consumer spending (see the wonderful NY Times article "The Muted Roars of Hogs ...
Posted by Greg Feirman  ·  No Comments »

Professional Managers Raise Cash

January 25, 2008  ·  Category: Sentiment Analysis
Institutional money market funds increased their balances by $52 billion in the week ended Wednesday to $2.055 trillion (Investment Company Institute Press Release). That's like a 2.6% increase in cash balances which is one of the ...
Posted by Greg Feirman  ·  No Comments »

A General Cautiousness Prevails

January 25, 2008  ·  Category: Market Commentary, Stocks
Today's trading is interesting.  The news is generally good.  Microsoft (MSFT) reported a really good quarter after the close yesterday.  Dow components Honeywell (HON) and Caterpillar (CAT) also appear to have reported good quarters before ...
Posted by Greg Feirman  ·  No Comments »

Glory Days For Microsoft

January 24, 2008  ·  Category: Market Commentary, Stocks
"And I hope when I get old I don't sit around thinking about it but I probably will. Yeah, just sitting back trying to recapture a little of the glory of, well time slips away and leaves you with ...
Posted by Greg Feirman  ·  No Comments »

Recoupling: The Real Significance Of This Week’s Action

January 24, 2008  ·  Category: Market Commentary
With so much going on in in the here and now, I think it's important to go beyond all the volatility in stock markets to understand the bigger picture implications of the week's action. We shouldn't ...
Posted by Greg Feirman  ·  No Comments »

Will It Hold?

January 24, 2008  ·  Category: Market Commentary, Sentiment Analysis
"The big picture overall trend is still down and the market is still broken.  Until that is repaired, rallies (even like the one we saw yesterday) are not to be entirely trusted." - Charles Kirk, "Calling ...
Posted by Greg Feirman  ·  No Comments »

Looks Like A Short Term Bottom

January 23, 2008  ·  Category: Market Commentary, Sentiment Analysis
After flirting with positive territory in the second to last hour, the Dow and S&P have surged into positive territory in the first 15 minutes of the final hour of trading (S&P 5 Day Chart).  ...
Posted by Greg Feirman  ·  No Comments »