Posted by fatjabber on May 10, 2012 · Leave a Comment
The big debate amongst our colleagues the past several weeks has centered around the importance of the housing market in ensuring a strong recovery. In the face of pundits’ claims such as one proposed by A. Gary Shilling that housing prices could be expected to fall another 20%, we have remained adamant contrarians bearing witness … Read more
Filed under Economic Recovery, Equities, Housing, Market Musings · Tagged with 'wealth effect', A. Gary Shilling, Census bureau, Contrarians, Fed's Third Mandate, Federal Reserve, Laszlo Birinyi, Robert Shiller, S&P 500
Posted by fatjabber on August 5, 2011 · Leave a Comment
We’ll be among the first to see yesterday’s market action as an outright capitulation and a near term buying opportunity (Lazslo Birinyi, Barton Biggs are included in the bull market camp). Once the dust settles and fears are allayed, the markets will recover much of their losses (S&P is down -5% ytd) and retrace to … Read more
Filed under Economic Recovery, Equities, Monetary Policy · Tagged with 'wealth effect', Barton Biggs, Ben Bernanke, Capitulation, Earnings, Fed's Third Mandate, Helmut Schmidt, Laszlo Birinyi, Lowry OnDemand, Mean Reversion, QE3, S&P 500
Posted by fatjabber on February 1, 2011 · 2 Comments
Seasoned traders know just how fickle the markets can be. And just when they are signaling a big move to the downside, they can just as fast reverse course and move higher. Our view of a 5-10% sell-off before a move to the upside is now threatened by the strength we see in the Fed’s … Read more
