The Chinese stock market, as represented by the Shanghai Composite, has doubled from it’s low this year and then peaked out in mid-July. Since it’s high last month, it has given back about 20%, which is the standard measurement of what constitutes a Bear Market. I am coining the phrase Panda Bear Market to describe this…
Bespoke Investment Group
Hot Links: Ackman, Paulson, Samberg & Whole Foods
Stuff I’m Reading this Morning… William Ackman may finally be done bashing his pretty head against the brick wall that is Target. (Dealbreaker) Ezra Klein on what Whole Foods can teach us about healthcare. (WaPo) Bespoke breaks down hedge fund star John Paulson‘s most recent sector allocations. (BIG) And then Trader Mark discusses Paulson’s just-revealed…
The Big BIG Winners of 2009
Once upon a time, long long ago, there was a reason to speculate. $1 stocks didn’t go to 50 cents and then zero automatically.. There was a time when little stocks could go a lot higher from the depths of obscurity, showing you 2x, 5x, even 10x your original investment. And then the nuclear winter…
Breakfast Links: Housing Bottoms, Car Wars & Pigs in the Hamptons
Stuff I’m Reading this Morning… Major firm strategists move around their year-end S&P 500 targets, as if anyone cares what they think anymore. (BIG) I agree with this one, farewell Geneva asset management biz…do some actual work. (Minyanville) Bank failures accelerating. (TBP) Ezra Klein on the new Menu Labeling trend. (WaPo) Henry Blodget explains the…
Bespoke's Best and Worst Earnings Reactions: Q2 2009
Bespoke rocks. For those of us who play earnings season like a full contact sport, it’s nice to have a scorecard. Below is a look at how your favorite names traded after releasing their earnings (or lack thereof) this quarter. I’ve posted the winners, for the worst reactions, visit Bespoke Investment Group: BIG
Breakfast Links: Pinning Down Roubini
Stuff I’m Reading this Morning… OMG, some my fave links of the month so far today! Blankfein to Goldman employees: “Please refrain from wearing your crowns outside of the office”. (New Yorker) The recession is now screwing with the British pub business, time for us to get serious. (USA Today) Just try pinning down Nouriel…
Who's Who of Financial Bloggers
Who’s Who in the World of Financial Bloggers? Well, if finance blogdom was a high school, here are the extra-curricular activities your favorite bloggers would be involved with… 1. A.P. Economics Barry Ritholtz (The Big Picture) Mish (Global Trend Analysis) Anonymous (Calculated Risk) Boone, Johnson & Kwak (Baseline Scenario) Yves Smith & Co. (Naked…
Hot Links: Poor Celebs, Spitzer, Analysts in Love & Holy Trading
Hot Links for Weekend Reading Let’s kick things off with Stockwire’s list of Celebrities who are poorer than you, including Gary Coleman and Kim Basinger. Next up, here’s the story of an analyst who fell in love with the CEO of a company she covered and what FINRA decided to do about it…Bill Singer’s BrokeAndBroker.com…
Handicapping Earnings Season with the Notorious B.I.G.
I’m a huge fan of the guys over at Bespoke Investment Group, AKA B.I.G. Above is a chart showing the companies with the biggest upward revisions in earnings per share estimates over the last month. This info is exceedingly helpful if you’re looking for trading candidates going into this searnings season. They also have a graph…
Mortgage Rates Gettin' Low, Low, Low…
The Notorious B.I.G. picked up this stat from last Friday: The national average for a 30-Year Fixed Mortgage is now below 5% for the first time since the summer of 2003. And your elected/ appointed officials down in D.C. want it even lower. My take is that they’ll succeed. Meanwhile, if no one has a…
