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…
On February 8th, with the S&P trading around 1330 I wrote “Stocks Now Priced For Mild Recession”. Because I was expecting a severe recession, I didn’t yet feel that stocks fully discounted what was on the horizon. Nine months later…
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:…
Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone – we sold more phones than RIM. We don’t yet know how this economic downturn will affect Apple. But we’re armed with…
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…
eBay (EBAY) reported 3rd quarter earnings after the close today and while the 3rd quarter was okay their 4th quarter guidance was well below Wall Street estimates (EBAY 3Q Earnings Release). They guided to EPS between 39 cents and 41…
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…
Intel (INTC) kicked off 3rd quarter tech earnings after the close today and they did it in style (INTC 3Q Earnings Release). They reported EPS of 35 cents a share compared to estimates of 34 cents and revenue of $10.22…
Socialism, n. : Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. Today I am announcing…