Posts Tagged ‘Wall Street Journal’
Posted by Larry Doyle on March 5th, 2009 12:45 PM |
I had written that yesterday’s 2-3% upward move in the market was very likely a Dead Cat Bounce. Well, that cat is burrowing further into the ground as markets have more than fully retraced yesterday’s upward move and are making new lows. This type of price action, known as lower highs and lower lows, confirms bearish trends.
I hope our readers know that all financial information you could possibly want is on the Market Data tab on the Sense on Cents header. That resource provided by the Wall Street Journal is not only a great way to get a quick and comprehensive snapshot of all sectors of the market, but also a great way to keep your brokers and financial planners on their toes and working for you!!
Let’s take a quick look at the markets and then I will offer some commentary. (more…)
Tags: 2nd liens, banks, bonds, brokers, China, commercial real estate, commodities, corporate bonds, financial information, financial planners, GE Capital, General Electric, insurance companies, loan modification, market data, municipal bonds, Nouriel Roubini, stocks, trends, Wall Street Journal
Posted in China, Commerce, Congress, Current Affairs, Deficit, Economic Stimulus, Economy, Education, Equity Markets, Housing Crisis, Infrastructure, Insurance Industry, Mortgage Crisis, Mortgages, Real Estate, Unemployment, Wall Street | 1 Comment »
Posted by Larry Doyle on March 5th, 2009 5:50 AM |
I always maintained that Fannie Mae’s risk management was horrendous. Having engaged this organization in business for many years, it was obvious that their risk was managing them rather than vice versa. While the organization mismanaged risk, their former CEO, Franklin Raines, obviously knew it was prudent to keep expenses down. Franklin Raines, however, knows how to play politics with the best of them and has never let his reputation get in the way of developing marketable relationships.
I wrote about Mr. Raines specifically and Freddie Mac and Fannie Mae in general in a piece last October. I followed that up with a review of Mr. Raines Returns to Washington in mid-December. (more…)
Tags: Angelo Mozilo, Congress, Countrywide, Fannie Mae, Franklin Raines, Freddie Mac, Risk, Wall Street Journal, Washington D.C.
Posted in American Consumers, Barack Obama, Christopher Dodd, Congress, Economy, Fannie Mae, Freddie Mac, Mortgages, Wall Street | 2 Comments »
Posted by Larry Doyle on February 28th, 2009 4:20 PM |
Warren Buffett’s annual letter to shareholders is always a highly anticipated event by market participants. Given the fact that Berkshire is effectively a diversified holdings company, Buffett has a unique perspective into a wide array of businesses. He also has the wisdom of investing over many years and through many challenging markets.
Well, if misery loves company, it has a solid partner in the person of Warren Buffett because 2008 was Berkshire Hathaway’s worst year ever. In reviewing Buffett’s letter allow me to offer some highlights. For those who have an even passing interest in the markets and investing, reading this letter is akin to attending an opera by Pavarotti.
I beg your indulgence as I attempt to be the opening act and provide an overview of the “Oracle of Omaha’s” thoughts on the markets and economy: (more…)
Tags: American Express, Berkshire Hathaway, Economy, Fannie Mae, Freddie Mac, markets, OFHEO, Oracle of Omaha, Pavarotti, U.S. Treasury, Wall Street Journal, Warren Buffet
Posted in Banking Institutions, Business, Commerce, Current Affairs, Deficit, Economic Stimulus, Economy, Employment, Equity Markets, Fannie Mae, Freddie Mac, General, Global Finance, Housing Crisis, Risk, S&P 500, Unemployment, Wall Street | 1 Comment »
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