A Notable Call On Blue Nile
This morning before the open Notable Calls, a blog on my blogroll that focuses on notable calls from the Wall Street analyst community, put up a post “Blue Nile (NILE): Bounce @ $40?” (For some reason I can’t get the…
This morning before the open Notable Calls, a blog on my blogroll that focuses on notable calls from the Wall Street analyst community, put up a post “Blue Nile (NILE): Bounce @ $40?” (For some reason I can’t get the…
“The January retail sales data is not consistent with either same store chain sales or total vehicle sales during the sampling period.” – Joseph Brusuelas, IDEAglobal The surface rationale for today’s move is a stronger than expected January Retail Sales…
With the Nasdaq and Russell about 20% off their highs and the Dow and S&P 15% off, valuations reasonable (“A Contrarian’s Way To Play Recession”, Barron’s interview with T. Rowe Price Capital Apprecation Fund portfolio manager David Giroux (subscription required), Friday February 8;…
That path of least resistance is down as very few appear to be in the mood to buy. Tim Knight compares the day’s action to “Fog”. With almost everybody now forecasting or believing we are in a recession (“Economists Raise…
December was strong with year-over-year growth in terms of orders in the high teens. But January’s growth was less than we expected with order growth rates of approximately 10%. …….. Therefore our revenue guidance for Q3 fiscal year 2008 including…
“It’s not that it’s weak. It’s a complete collapse in the number, one of the lowest readings this statistic has ever had.” – Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management Recession talk is in the air again…
The Wall Street Journal ran a front page article on the bull market in gold this morning: “Investors Rush To Gold” (subscription required), by ES Browning. In it, Browning reviews how many investors, both individual and institutional, have been buying gold…
The rally that began at 1pm EST last Wednesday ended today at 3pm EST as investors sold the surge on the 50 point cut by the Fed (S&P 1 Day Chart, S&P 10 Day Chart). It was nice while it…
CNBC’s NYSE floor reporter Bob Pisani has been reporting today that Laslo Birinyi, Forbes columnist and well followed market analyst, has gone short term bullish in a note released late night characterizing his position as “a churning market within a…
Newsweek’s cover story this week is titled “Road To Recession” and the picture is of a desert road. I think this is significant. It tells us that many people are now of the opinion or at least contemplating a recession. …