Posts filed under “Financial Press”

Who Are These People Surprised by Economic Data?

The WSJ on gross domestic product and initial jobless claims:

"Stocks fell Thursday after weaker-than-expected economic readings and
earnings reports underscored the potential for a recession."

Weaker than expected? WTF?

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I keep hearing people talk about this "negativity bubble" — but from where I sit, the media, traders, analysts are still too optimistic — perhaps way too optimistic.

We have had 4 rallies over the past few weeks of nearly 200 Dow points in a given day. That doesn’t sound like excessive pessimism to me.

Ask yourself this: Is the greater fear getting stuck with stocks that move lower — or missing any rally?

Its easy to make an argument that speculative fervor lives; that the steep yield curve has emboldened traders, and that the lower prices are attractive; and that most of the bad news is already priced in.

But consider the following headlines:

Eight Reasons There Won’t Be a Recession

Blue chips are signaling recession can be avoided

Stocks in U.S. Tumble After GDP Trails Economists’ Forecasts

Eisenbeis Says Concerns of U.S. Recession `Overblown’

U.S. Economy Grew 0.6% in Q4, Less Than Economists Estimated

Despite write-downs, it looks like the bottom is near for stocks

Bush: US is not headed into recession

Do these reek of hope or of despair?

I am working on a column describing exactly what the bottom of a Bear market looks like. Sorry to tell you kids, but this ain’t it.

Source:
Fourth-Quarter GDP Unrevised at 0.6%
JEFF BATER
WSJ, February 28, 2008 8:48 a.m.
http://online.wsj.com/article/SB120420491942899787.html

Category: Economy, Financial Press

Bloomberg Podcasts on ther Economy

Category: Digital Media, Economy, Financial Press

Housing Round Up

Category: Financial Press, Real Estate

Dollar Weakness

Category: Currency, Financial Press, Music

Barrons Review: Is the Magic back at Disney?

Category: Contrary Indicators, Corporate Management, Financial Press, Quantitative, Technical Analysis, Valuation

Oscar Night Linkfest

Category: Financial Press

Quote of the day: Stagflation & the 1970s

Category: Economy, Financial Press, Inflation

Forbes vs Peter Schiff: Petty Smackdown

Category: Commodities, Currency, Financial Press, Investing, Psychology

Tech Investor News

Interesting new site coming from Frank Cioffi, the PR and media relations guy, and former tv news journalist: Tech Investor News.

His first two outings are for Apple (May 2007) and Google was launched today. The plan is to roll this out for another 20 tech names over the next 18 months.
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Category: Financial Press, Web/Tech

While you were driving to work . . .

Category: Financial Press