Market Insight Thursday, May 28, 2009
Posted by ei-forum in Rants.add a comment
It looks like the market is looking to pause and hopefully review the situation.
Despite predictions that the recession will end soon and all of the positive talk coming from Washington, the Enterprising Investor needs to remember that the markets are NOT the real economy and even if markets tend to recover months ahead of the economy, we still cannot ignore the fact that consumers have lost sight of the real situation: we still have massive housing inventories, banks are not lending, the price of oil is rising, over half a million workers have been losing theirs jobs each month since last October, and not to mention toxic assets held by German and British banks, the situation in eastern Europe and so on….
The world has never faced this type of situation and we find the fact that general sentiment appears to be improving and stock markets continue to rise quite unsettling.
Jim Rogers: Markets Yet To Bottom Monday, May 25, 2009
Posted by ei-forum in Investing.add a comment
Following on from our previous post:
Enjoy!
Reality Check Wednesday, May 20, 2009
Posted by ei-forum in Rants.add a comment
We all know that there is no point in trying to time the market but how long will this rally last?
We may be wrong but we still feel that the fundamental problems that caused the downturn have not been resolved and that the only REAL action from governments has been to print more money… wasn’t one of the main reasons that got us here the availability of cheap money?
Companies are not making money, banks are not lending and most experts and business leaders remain very cautious… but once again, greed in fueling the move up. Too many people – despite knowing that we are still in trouble – are scared of missing out on the rally and keep on pushing prices higher… how long will this last, or better said, how long can this last?
OK, things are stabilizing but enough for a 30+% rally?
Jon Stewart vs. Jim Cramer Tuesday, May 19, 2009
Posted by ei-forum in Miscellaneous.add a comment
It seems that some people are taking this a bit too seriously….
Meredith Whitney – don’t own banks Wednesday, May 13, 2009
Posted by ei-forum in Investing.add a comment
She’s back and she keeps on making the right calls on banks. She warned us at the beginning, then she told us that they were oversold and now she is telling investors to keep their eyes open:
Bottom line, she would not want to own bank stocks!
Enjoy!
What’s Next? Monday, May 11, 2009
Posted by ei-forum in Miscellaneous.add a comment
Is the bull back or is this still a bear market rally?
We are still very skeptical about the recent rally and continue to feel that the market is extremely overbought. Does this mean that it can’t continue to go up? Not at all, there is no limit… the market can stay irrational longer than you can stay solvent!
Apart from the fact that stocks have continued to rise despite company earnings and economic data which is far from spectacular, the big fund managers have started to get really worried about having to go back to their clients reporting that they were on the sidelines and have also started to enter… no one wanting to miss the party but could we be setting ourselves up for a big fall once we run out of steam?
Despite what the government and media is trying to tell us, business sentiment is not really improving, companies are not hiring and banks are certainly not lending. Ask around… see what business owners have to say or people with good credit rating trying to get a loan.
We’ll just have to wait and see how this plays out…
Buffett: outlook from Omaha Monday, May 4, 2009
Posted by ei-forum in Buffett Watch.add a comment
Here is an interesting interview with Warren at the Annual Meeting.
He focuses on overall business, real estate, company earnings and the general market outlook. All in all, he is optimistic and says – not to worry – new highs will be set again, it might take 3 years or more but confidence will come back!
Enjoy!
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