The Great David Einhorn On Charlie Rose
For more on Einhorn, see my “Top Gun FP Client Note: Another Bubble”, October 26, 2009 in which I discuss his important speech at the Value Investing Congress in October 2009.
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Top Gun FP Client Note: A Bullish Consensus For 2011
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Top Gun FP Client Note: Going With The Flow Into Year End
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Hatzius: Economy “Fairly Bad” Or “Very Bad” Next 6-9 Months
We see two main scenarios for the economy over the next 6-9 months — a fairly bad one in which the economy grows at a 1½%-2 percent rate through the middle of next year and the unemployment rate rises moderately…
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The BOJ Goes QE
It is an extraordinary measure for a central bank, particularly the purchase of financial assets to encourage the decline in risk premiums. To be explicit on that point and to extensively influence market interest rates and risk premiums, the Bank…
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Fed “Prepared To Provide Additional Accomodation”
The Fed opened the door to QE2 in its statement today by describing inflation as “at levels somewhat below those the Committee judges most consistent with its mandate” and saying it is “prepared to provide additional accomodation if needed” (FOMC…
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Hedge Fund Manager Daniel Loeb, Former Obama Supporter, Blames Policy For Economic Stagnation
On Friday, hedge fund manager Daniel Loeb, manager of the $3.3 billion Third Point Partners, sent his second quarter letter to his partners. The letter, which criticizes heavy handed government policy for stifling economic recovery, is causing a stir and has been circulating widely among…
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Kyle Bass: Investing For Armageddon
(Via The Pragmatic Capitalist)
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Top Gun FP Client Note: The Fed Downgrades The Economy; Cisco Corroborates
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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When John Chambers Speaks, People Listen
The primary driver of today’s selloff is concerns about Cisco’s (CSCO) forecast. Cisco reported a good quarter after the close yesterday, even though revenues of $10.84 billion fell $40 million short of analyst estimates. But CEO John Chambers was a…