Blogs

  • The Bear Market Labeling Myth

    commentary from this week’s “Sectors and Styles Strategy Report”*: “So let it be written. So let it be done.” Pharaoh The Ten Commandments Labeling, such as equities are now in a bear market, seems to have taken on a meaning...
    Posted to Musing on the Markets by Vinny Catalano, CFA on 07-08-2008
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  • Quarterly Review and Outlook - Second Quarter 2008

    There is a reason I call this column Outside the Box. I try to get material that forces us to think outside our normal comfort zones and challenges our common assumptions. And this week's letter does just that. I have made the comment more than once that is it unusual for two major bubbles to burst and for the conversation and our experience to be rising inflation and not a serious problem with deflation. Van Hoisington and Dr. Lacy Hunt give us a seminar on why it will be deflation that will ultimately be the problem and not the current inflation we are dealing with today. This week's letter requires you to think, but it will be worth the effort. Remember our lesson from Economics 101. If you raise the supply of something, in normal markets the price goes down. And if you increase the price, suppliers will respond by producing more....
  • Issue: 7/7/2008

    Stocks Under $10 NR @ $6.95 (Newpark Resources) provides fluid management, environmental and oilfield services to the oil and gas exploration and production industry. Earnings are expected to grow 31% this year and another 29% in 2009. We are establishing...
    Posted to The Stock Playbook by Dave Dispennette on 07-07-2008
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  • Sectors and Styles Strategy Report: July 7, 2008

    excerpts from this week’s report: Model Growth Portfolio (MGP) “Not even the strong underweight in Energy (producing a positive 28 basis points could offset the combination of poor results in the size & styles and global markets plus the...
    Posted to Musing on the Markets by Vinny Catalano, CFA on 07-07-2008
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  • Trichet "Gets The Memo"

    * ECB raises interest rates... * More jobs losses in June! * An embarrassment for the Fed... * Buying opportunities? ** Trichet "Gets The Memo" Good day... And a Marvelous Monday to you! What a fabuloso 3-day Holiday weekend! WOW! The weather was great, I relaxed max time, and shot off some fireworks just to keep the tradition going... The weekend was working hard to make me forget the happenings of Thursday... The Perfect Storm that was possible for the dollar turned out to see the tables turned and it was the euro that went into a tailspin on Thursday... Here's the skinny......
    Posted to Daily Pfennig by Chuck Butler on 07-07-2008
  • How to Make Family Wealth Last

    In the financial and estate planning industry a current rage is The Ultimate Gift by Jim Stovall, a book that recently was made into a movie. The novel is about a very wealthy man who realized that his wealth could not buy what really matters. Throughout...
    Posted to Retirement Watch by Bob Carlson on 07-03-2008
  • Beware The Thin Markets...

    * ADP prints a huge downside surprise! * Euros get past 1.58... * A Perfect Storm? * Gold continues its move higher! ** Beware The Thin Markets... Good day... And a Happy pseudo-Friday to one and all! It is actually Thursday of course, but it's our Friday, as tomorrow is the 4th of July holiday here in the U.S. I think a lot about the Declaration of Independence these days, as I feel there is a faction of people here in the U.S. that would like to tear up the constitution... So, as we come to the day we celebrate the signing of the Declaration of Independence let's stop and remember that it's WE THE PEOPLE that make a difference in this country, certainly not anything that comes out of Washington D.C.! OK, I'm down from my soapbox... This could really be a Tub Thumpin' Thursday as it has the potential to really kick some rear and take names later. Here's what I'm talking about......
    Posted to Daily Pfennig by Chuck Butler on 07-03-2008
  • Not So Fine at $4.09

    “She’s real fine my 409” 409 Beach Boys When the price of gas in the US hit $4.09 a gallon, the song that many consumers began singing was decidedly out of tune from the one the Beach Boys sang many decades ago. Back in the day, 409...
  • Issue: 7/2/2008

    Growth Stocks AKAM @ $33.80 (Akamai Technologies) provides content and application delivery, application performance and performance management services. Revenues have increased between 34% and 52% during the last four quarters. Earnings have increased...
    Posted to The Stock Playbook by Dave Dispennette on 07-02-2008
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  • What's Up With The Loonie?

    * Euro trading pattern... * Sterling backs off... * Data cupboard gets restocked... * Rupees disappoint... **What's Up With The Loonie? Good day... And a Wonderful Wednesday to you! I hit all my traffic lights on green this morning, so it's going to be a "good day"! Funny how little things like that put a smile on my face... OK... Another day of watching the euro rise up to 1.5815 and then see it get sold back below the 1.58 figure when the NY boys arrive at their desks. The pattern for the first two days this week has seen that selling in the morning, and then a slow rise in the afternoon, and then back over 1.58 in the overnight markets. That's where we are again this morning......
    Posted to Daily Pfennig by Chuck Butler on 07-02-2008
  • Beyond the Sound Bite: An Interview with Alec Young

    My interview with the International Equity Strategist for Standard and Poors includes a tilt toward to US equities, the concept of a "home bias" in investing, and attractive and unattractive economic sectors. The length of the interview is 11...
  • Election '08 - Supreme Court In The Balance

    If you are undecided about who to vote for in the presidential election, perhaps you should consider the Supreme Court. The next president will likely have the opportunity to nominate 2-3 Supreme Court justices. This week, we will discuss the current make-up of the Supreme Court and the deep divide among the liberal and conservative wings of the High Court. We will also consider what kind of judges Senators McCain and Obama would likely nominate if they are president for the next four years. If you have been reluctant to vote for McCain, the implications for the Supreme Court should help you make up your mind....
  • Profit Taking Dominates The Day...

    * Dollar faces Dynamic Duo this week... * RBA leaves rates unchanged... * Comparing decades... * Tankan is somewhat positive... ** Profit Taking Dominates The Day... Good day... And a Terrific Tuesday to you! In keeping with Pfennig tradition, I begin each July with words from one of my fave bands of the 70's, Uriah Heep... There I was on a July morning... (I could go on, but you get the point.) Well, the profit taking that I talked about yesterday morning, continued for most of the morning yesterday, causing the euro to fall from the 1.5810 level I saw when I turned on the screens, to the low 1.57 area. It had to be profit taking because why would anyone buy dollars VS euros as a long time investment, with the dynamic duo of the Jobs Jamboree and an ECB rate decision staring the dollar bulls right in the face this week......
  • Not That 70s Show

    commentary from this week’s “Sectors and Styles Strategy Report”*: There has begun to be a fair amount of talk re stagflation and its consequences, both economic and equity valuation. Should the experience in the coming years resemble...
  • Issue: 6/30/2008

    Options RIMM @ $117.61 (Research in Motion) is a stock that we have been involved with for the last couple of year sand we've made a ton of money in it. We are adding the July $110 Calls @ $9.40 to our aggressive accounts. We feel if the market bounces...
    Posted to The Stock Playbook by Dave Dispennette on 06-30-2008
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