Changing Attitudes of Investors – Roundtable Discussion, Featuring Peter Boockvar of Miller Tabak, Steven Leeb of Leeb Capital Management, and George Walper of Spectrem Group
Bloomberg News, June 10, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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June 11th, 2009 at 1:04 pm
Is Leeb the same guy that was called out for over-stating his newsletter returns a few years back?
June 11th, 2009 at 1:05 pm
Leeb vs Schiff: http://www.youtube.com/watch?v=nxVemIH6GZo
June 11th, 2009 at 2:46 pm
Leeb got his butt handed to him during the tech wreck as he never went bearish.
He held Tyco and other toxins all the way down.
I get his Current Newsletter and he is big Gold/energy bull.
His best reco was to be in zero coupon bonds until Dec. 09.
He is a usually a long only guy.