Archive for January 2009
The Wall Street Journal Weighs In On Peter Schiff
January 30, 2009 · Category: The Investment Advice Business
Geez.... Mish's post from Sunday night, "Peter Schiff Was Wrong", has sure generated a lot of interest and controversy. That's because Peter Schiff is a polarizing figure. People tend to either love him or hate ...
Posted by Greg Feirman · 3 Comments »
The End of the Treasury Bubble?
January 29, 2009 · Category: Bonds, Interest Rates
At the beginning of the month Barron's ran a cover story calling a bubble in treasuries: "Get Out Now" (subscription required - e-mail me if you want a link).
A month earlier, the fabulous Jim Grant wrote ...
Posted by Greg Feirman · No Comments »
Charlie Gasparino Uses the F-Word On CNBC
January 29, 2009 · Category: Business Culture and Current Events
I like Charlie Gasparino but he really needs to settle down. In addition to chewing off everybody's head and not letting anybody talk (Kudlow has this problem too), he used the f-word on Power Lunch ...
Posted by Greg Feirman · No Comments »
NYT: “It’s the Economy, Girlfriend”
January 29, 2009 · Category: Business Culture and Current Events
We put two and two together and figured out that it was the economy, not us. When guys in banking are going through this, they can’t handle a relationship.
- Megan Petrus, a lawyer who broke ...
Posted by Greg Feirman · No Comments »
Caterpillar, Black & Decker And The Process of Adjustment
Our sales stayed pretty strong through October and well into November. We pretty much hit a wall in December.
- Jim Owens (subscription required), CEO Caterpillar
The depth and duration of economic decline throughout the world makes it ...
Posted by Greg Feirman · No Comments »
Uncle Ben Vs. Grandpa Ben
The catalyst for today's rally is the rumor that the Obama Administration is in the process of putting together a bad bank proposal to buy up bad assets from financial institutions. The financials are crushing ...
Posted by Greg Feirman · No Comments »
In Defense of Peter Schiff – A Response To Mish
January 26, 2009 · Category: Blogs, The Investment Advice Business
One of the best and most well read investment bloggers, Mish of Mish's Global Economic Trend Analysis, ripped into Peter Schiff last night in a lengthy tirade on his blog titled "Peter Schiff Was Wrong".
One ...
Posted by Greg Feirman · No Comments »
Many ProShares UltraShort ETFs Are A Disaster
January 23, 2009 · Category: The Investment Advice Business
Over the last month, a number of commentators have begun to vocipherously denounce levered ETFs pointing out that, over periods of time longer than a day, many of these ETFs don't deliver what you'd expect ...
Posted by Greg Feirman · No Comments »
Google Is Priced For A Severe Recession Too
Google (GOOG) just now reported a solid 4th quarter (GOOG Earnings Release). Revenue after Traffic Acquisition Costs were $4.22 billion and EPS $5.10 - beating analysts consensus of $4.12 billion and $4.95. Shares are up ...
Posted by Greg Feirman · No Comments »
Microsoft Shares Priced For Severe Recession
It is also clear that we are not immune to the effects of the economy. Consumers and businesses have reined in spending, which is affecting PC shipments and IT expenditures.
- Steve Ballmer, Microsoft CEO, in ...
Posted by Greg Feirman · No Comments »
