This is really off the charts in terms of anything we have ever seen. – Martin Fridson, CEO, Fridson Investment Advisor, a non-investment grade debt specialist Junk bonds on average now yield more than 20% for the first time ever…
Today’s report shows that we are in a crisis situation. – NAHB Chairman Sandy Dunn When I heard Diana Olick report this number on CNBC a few minutes ago I had to chuckle. You have to realize that a number…
Revenue is being affected by significantly weaker than expected demand in all geographies and market segments. – Intel Press Release, 11/12/08 After the close yesterday, chip giant Intel (INTC) cut their 4th quarter revenue forecast by about 15% from a…
Days like today are interesting and telling: The October Jobs Report, announced by the BLS this morning, was brutal. Employment dropped 240,000 in October and September job losses were revised up to 284,000 from 159,000. That’s a lot of jobs…
When the market wants to bet that the world is coming to an end, the safe bet is to take the other side and bet the world won’t come to an end. After all, what have you got to lose?…
SeekingAlpha posted my “A Severe Recession Is Now Priced Into Stocks” (Top Gun FP, Friday October 24th) and it seems to have gotten a pretty good readership. More than 400 readers have followed the link from that article to my…
Here are some of the best investors in the world who have recently become bullish, at least for the short/intermediate term: Warren Buffett , “Buy American. I Am.” The New York Times, October 17: A simple rule dictates my buying:…
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of…
The time of maximum pessimism is the best time to buy. – Legendary Investor John Templeton Yesterday Merrill Lynch released their monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion under management. Merrill…
It’s my opinion that we’ll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year. – Todd Harrison, “Have we seen the 2008 trading…