Archive for October 2008

This Apple Is Sweet!

October 22, 2008  ·  Category: Market Commentary, Stocks
Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone - we sold more phones than RIM.  We don't yet know how this economic downturn will affect ...
Posted by Greg Feirman  ·  No Comments »

Buffett NY Times Op-Ed: Buy Now

October 17, 2008  ·  Category: Market Commentary, Sentiment Analysis, Warren Buffett
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are ...
Posted by Greg Feirman  ·  No Comments »

The Point of Maximum Pessimism

October 16, 2008  ·  Category: Market Commentary, Sentiment Analysis
The time of maximum pessimism is the best time to buy. - Legendary Investor John Templeton Yesterday Merrill Lynch released their monthly survey of fund managers for October.  The survey covered 172 fund managers with $531 billion ...
Posted by Greg Feirman  ·  No Comments »

eBay Disappoints But If There’s A Cheaper Stock Out There I Don’t Know What It Is

October 15, 2008  ·  Category: Market Commentary, Stocks
eBay (EBAY) reported 3rd quarter earnings after the close today and while the 3rd quarter was okay their 4th quarter guidance was well below Wall Street estimates (EBAY 3Q Earnings Release). They guided to EPS between ...
Posted by Greg Feirman  ·  No Comments »

The Lows For The Year Are In

October 15, 2008  ·  Category: Market Commentary, Sentiment Analysis, Technical Analysis
It's my opinion that we'll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year. - Todd Harrison, "Have we ...
Posted by Greg Feirman  ·  No Comments »

Intel Ba-byyyy!

October 14, 2008  ·  Category: Fundamental Analysis, Market Commentary, Stocks
Intel (INTC) kicked off 3rd quarter tech earnings after the close today and they did it in style (INTC 3Q Earnings Release). They reported EPS of 35 cents a share compared to estimates of 34 cents ...
Posted by Greg Feirman  ·  No Comments »

Welcome To The U.S.S.A

October 14, 2008  ·  Category: Market Commentary, Politics
Socialism, n. : Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Worst Week Ever

October 12, 2008  ·  Category: Market Commentary, Top Gun Financial Planning
The market could be pretty crazy next week.  I'm not sure how much posting I'll do.  I'm putting up this week's Client Note on the blog as a bonus: Top Gun FP Client Note: Worst ...
Posted by Greg Feirman  ·  No Comments »

Lehman CDS To Be Settled Tomorrow

October 9, 2008  ·  Category: Market Commentary
The impact of a default far outweighs the economic impact of just the debt and equity a company has issued.  When you write derivatives to take exposure and have more people betting, you magnify the ...
Posted by Greg Feirman  ·  No Comments »

S&P 500 Down 25% In The Last 2 Weeks!

October 9, 2008  ·  Category: Market Commentary, Sentiment Analysis, Technical Analysis
We just don't know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987.  Arguably, there has been nothing like it since 1929. - "When Market ...
Posted by Greg Feirman  ·  No Comments »