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Top Gun FP Client Note: The Bear Market Of 2012
Reading Time: 6 minutesNOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
Watch COUP Tuesday For A Speculative Tech Tell
Reading Time: 2 minutesCoupa Software (COUP) – a $6 billion cloud software spend management platform based in San Mateo, CA – reported 1Q22 earnings Monday afternoon. Everything looked good to me: Revenue was +18% year over year to $196 million while EPS was…
The Fed Pivot Has Created A Moment Of Maximum Optimism, ORCL & ADBE Suggest Many Stocks Are Fully Valued, COST Is Too
Reading Time: 4 minutesThe time of maximum pessimism is the best time to buy and the time of maximum optimism the best time to sell – John Templeton Powell and The Fed surprised the market Wednesday by changing their tune. Instead of their…
Harrah’s LBO Teetering
Reading Time: 3 minutesThe problem is that this is worse than the worst-case scenario. – An executive closely involved with the Harrah’s LBO on the worst case scenarios factored into their models at the time of the deal, quoted in “Harrah’s Changes Its…
Running Of The Bulls
Reading Time: 2 minutesTime and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only [bonds], you can almost close your eyes and [buy] stocks. – Michael Steinhardt…
How Has Dow Acted After Previous 300+ Up Days?
Reading Time: 1 minuteBeSpoke has an excellent table up of how the Dow has acted the day after its previous 300+ up days. Yesterday represented the 22nd such occurrence, and on average the Dow has been down the day after for the previous…

