Back in June of 2008 I wrote a post that featured the opinions of well-known Citigroup strategist Tobias Levkovich. At the time he was declaring that it was time to buy banks. He was 9 months early in that call. What does he have to say these days?It s…
Merrill Lynch just released their latest installment of the RIC Report, the periodic update from their Research Investment Committee led by well known investment strategist Richard Bernstein.Among other things, the report makes the point that “extreme …
Friday, Warren Buffet wrote an op-ed piece in the Wall Street Journal saying he was buying stocks for his personal portfolio. Some say this was a major reason why markets rose on Friday though they fell back to a modest loss by the end of the day.Buffe…
Periodically Citi releases their report entitled “Comments on Credit”. This issue is particularly pessimistic.The report features the Citi Financial Conditions Index (FCI), a proprietary index that is a composite of a number of financial measures. The …
Can the problems impacting the financial sector impact technology companies? You bet they can!We know there is a credit crunch and that the economy is slowing. This is translating into falling revenues and a drop in new orders. Tech company management …
The men who hold high places must be the ones to start, to mold a new reality, closer to the heart. - Rush, Closer To The HeartAnd so Reality now sets in…Markets rallied last week on the announcement the Treasury and the Fed had developed a plan addr…
In case you haven’t noticed, the last couple of days in the market have caused some serious chart damage. As recently as last week, bloggers and analysts were suggesting that the bottom was in and major averages were in rally mode.Looking at the charts…
Oil down, stocks up. Seems a simple formula. Dollar up, Euro down. It’s easy to play this game, isn’t it?Let’s see, what other games can we play? Banks pay fines for sleazy behavior in auction rate securities market, pay billions to wronged investors a…
“And I’d like to leave this game a winner…But tonight I’ll take what I can get”– Dashboard ConfessionalDespite news of Merrill Lynch raising more capital and another bank failure, financials owned this past week. The sector gained a strong 4%. Other…
Double Dip, New Normal? - Jeremy Siegel doesn’t buy it
It seems gloom sells better than optimism so the financial blogosphere is rampant with stories predicting a double dip recession. In addition, it seems the phrase of the year is “new normal” which has been attributed to PIMCO’s Bill Gross. The phrase …