Archive for April 2009

WSJ: Advisers Ditch ‘Buy and Hold’ For New Tactics

It's a complete rethink of how to do asset management. - Jeff Seymour, Triangle Wealth Management LLC in Cary, NC, who early last year changed from a buy and hold strategy to holding about 90% of client ...
Posted by Greg Feirman  ·  No Comments »

Decline In Median Home Price Approaches 50% In Some Cities

April 30, 2009  ·  Category: Real Estate
What happened here will some day be a new chapter in Extraordinary Popular Delusions and the Madness of Crowds. - Greg Swann, a Phoenix, AZ real estate agent (Via BeSpoke Investment Group)
Posted by Greg Feirman  ·  No Comments »

S&P Approaching Breakeven For 2009

April 30, 2009  ·  Category: Technical Analysis
With very little technical or fundamental evidence to support it, the market remains resilient. - Michael Kahn, "The Rally That Just Will Not Quit" (subscription required), Barron's, April 29 (Via BeSpoke Investment Group, "S&P 500 Breaks Another ...
Posted by Greg Feirman  ·  No Comments »

Fed Copy Machine In Good Working Order

April 29, 2009  ·  Category: Federal Reserve, Market Commentary
No change in policy from the Fed today on interest rates or securities purchases and the statement was mostly a photocopy of the March one as well.  The only change was some comments that the economy ...
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Junk Stock Rally Case Study: PF Chang’s (PFCB)

April 28, 2009  ·  Category: Fundamental Analysis, Market Commentary, Stocks
The less-worse trade is in the late innings.  We're at valuation levels where things have to start growing in order to maintain momentum in the stock. - Mitchell Speiser (subscription required), Analyst, Buckingham Research, who has a ...
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This Rally Is Being Led By Junk Stocks

April 28, 2009  ·  Category: Market Commentary, Sentiment Analysis, Stocks
The quality of this rally is low.... The move is powerful but the underlying raitonale weak. - Greg Feirman, Top Gun FP Client Note: The Facts Are Stubborn, April 27 [The bounce was] in extraordinarily dubious quality ...
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American Express Report Suggests No Signs Of Economic Recovery

April 24, 2009  ·  Category: Market Commentary, Stocks
Okay, I admit it: this market is now officially annoying me. American Express (AXP) reported 1st quarter earnings after the close yesterday and from the behavior of the stock you'd think it suggested a major turnaround ...
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Atlantic Monthly Cover Story: Why I Fired My Broker

Entertaining and funny story headlining this month's Atlantic Monthly, "Why I Fired My Broker", exploring a question that many middle/upper class Americans are asking themselves these days: Should I fire my broker/financial advisor?  Where can ...
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Capital One Credit Card Portfolio Showing Major Deterioration

April 22, 2009  ·  Category: Macro Economics, Stocks
As a one man shop, I can't cover every single copy or read every report.  So what I try to do is look at bellwethers, company's that cover a broad swath of an industry and that ...
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The Stock Market Is Becoming More Like A Casino

April 22, 2009  ·  Category: Business and Investment Philosophy
Speculators may do no harm as bubbles on a steady stream of enterprise.  But the position is serious when enterprise becomes the bubble on a whirlpool of speculation.  When the capital development of a country ...
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