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

February 24, 2009  ·  Category: Federal Reserve, Macro Economics, Market Commentary
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 ...
Posted by Greg Feirman  ·  No Comments »

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 »