Archive for February 2009
Jeremy Siegel Is More Right Than Wrong
February 26, 2009 · Category: Fundamental Analysis, Market Commentary
In yesterday's (Wed, 2/25) WSJ, Wharton Professor Jeremy Siegel wrote an Op-Ed arguing that the way S&P calculates earnings is wrong and therefore stocks are much cheaper than most believe: "The S&P Gets Its Earnings ...
Posted by Greg Feirman · No Comments »
NY Times On Europe’s Subprime
February 25, 2009 · Category: Macro Economics
Very simply, Eastern Europe has become Europe's version of the subprime market.
- Robert Brusca, FAO Economics
The disaster spotlight is now being pointed at east and central Europe.
- Gernot Mittendorfer, CEO Ceska Sporitelna, a large Czech ...
Posted by Greg Feirman · No Comments »
I Like What Saks Is Doing
February 25, 2009 · Category: Macro Economics, Stocks
Our financial performance is increasingly being challenged by some of the most difficult economic conditions our Company has faced in its 84-year history. It is our expectation that the economic environment will remain extremely challenging ...
Posted by Greg Feirman · No Comments »
Stocks ARE Cheap – A Response To Tim Knight
February 24, 2009 · Category: Fundamental Analysis, Top Gun Financial Planning
This morning, leading blogger, technical analyst and master trader Tim Knight went off on me for yesterday's post in which I argued that stocks are cheap. Knight starts off his post, "The Bullish Mindset", this ...
Posted by Greg Feirman · No Comments »
Bernanke Vs. Feirman On The Prospects For A Recovery In 2010
If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability - and only if that is the case, in my view - there is ...
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Stocks ARE Cheap And Anyone Who Says Otherwise Doesn’t Know What They’re Talking About
February 23, 2009 · Category: Fundamental Analysis, Stocks
One of the arguments that really annoys me these days is when somebody claims that even after the 50% decline in the major indexes stocks aren't cheap. The argument usually posits some estimate of 2009 ...
Posted by Greg Feirman · No Comments »
Government In Talks To Take Up To 40% Stake In Citi
February 23, 2009 · Category: Market Commentary, Stocks
The big story today is discussions between government officials and Citigroup executives about the government taking up to a 40% stake in Citi. According to a front page article in today's Wall Street Journal, the ...
Posted by Greg Feirman · No Comments »
Moody’s Report On European Banks Exposure To The Nightmare In Eastern Europe Triggers Global Selloff
February 17, 2009 · Category: Macro Economics, Market Commentary
One of the biggest threats to financial stability in the eurozone comes from the region's exposure to central and eastern European banks.
Indeed, more than 80% of emerging Europe bank assets are owned by western European ...
Posted by Greg Feirman · No Comments »
Financials Leading Re-Test Of November Lows
February 17, 2009 · Category: Market Commentary, Technical Analysis
Today the S&P broke below 800 and the Dow came within 100 points of its November 21st intrday low. The re-test is here!
Interestingly, most sectors are higher than they were back on November 20th - ...
Posted by Greg Feirman · No Comments »
Is Coinstar A Countercyclical Play?
February 17, 2009 · Category: Stocks
On Thursday, Coinstar (CSTR), operator of Coinstar kiosks that convert your spare change into cash for a fee and located at many popular retail locations, reported what appears to be an excellent 4th quarter (CSTR Earnings ...
Posted by Greg Feirman · No Comments »
