Views from the Blogosphere
Here is a wrapup of some bloggers today:
From Live Options Trader:
“…for a contrarian trader this “stuff” is essential for spotting reversal points. The above are simply sentiment reads and, while admittedly very broad, are very indicative of imminent reversals. I don’t want to beat a dead (actually, not so dead at all!) horse, but look at the Housing sector as an example. Mid-July was the perfect buying opportunity amidst trumpteted horrors of collapsing real estate and falling earnings”
From Notable Calls
“According to the WSJ’s “Ahead of the Tape” column, the housing mkt is deteriorating, but many private-equity firms and hedge funds still see real estate as a game worth playing. For some proprietary-trading desks at investment banks and hedge funds, one of the better guides to that game is a report from Citigroup’s Citigroup Global Markets that came out within the past few weeks highlighting stocks that have substantial real-estate value relative to the total value of their enterprise.”
From Dismally:
“Inflation in Japan is heading a bit higher. But, it wasn’t enough to get the inflation bugs moving into yen (or out of dollars, as may be the case). Instead, traders sold off the currency even though the rate of growth in inflation is pointing higher, as this chart shows…”
From 10Q Detective:
“Although concerns do exist on whether or not AOL can execute on its recently announced ‘free’ web-portal strategy, the double-play of (1) continued growth in advertising revenue [growth exceeded 30% across all advertising product categories in the 2Q:06] and (2) cost-cutting measures [such as marketing scalebacks] are expected to more than offset subscription revenue losses (and the Company has targeted a goal of $1.0 billion in cash flow savings by the FY end of 2007).”
From SeekingAlpha ETF:
“Australia is a commodity-based economy. Because of that there is the expectation that it would have a different economic cycle than in the US. It stands to reason that the stock market cycle would then be different as well. That is why I own the country.”
From Long or Short Capital:
“..the ‘if we make our crappy bankrupt company worse, maybe we won’t lose our overpaid jobs’ tactic never seems to be that effective as part of a ’stay employed’ strategy. They would be much better off if they didn’t strike and just switched their outfits to ones like this. Short Unions.”
From InvestorGeeks:
“It seems that investors and executives involved with Xethanol had as much of a criminal resume as they did business resumes. Many of the people close to the company had been investigated by the SEC in the past. Some had even done jail time. Their business resumes weren’t actually that accurate anyway, as Carey writes that two of Christopher d’Arnaud-Taylor’s (Xenthanol’s chairman and CEO) previous employers “could find no information confirming his employment, in any capacity”.”
From Jeff Matthews Is Not Making This Up
“Who knows what other hidden assets—along with the many well-enumerated hidden liabilities—exist within Ford? After watching Clayton Dubilier (insert euphemism for “steal” here) one of those hidden assets, Hertz, from Bill Ford last December with a mere $2.3 billion equity investment, how many other private equity firms are now lining up behind the scenes to see what else they can (insert euphemism for “steal” here) from the desperate scion of a once-proud family that owns all of 5% of the common shares yet acts as if Ford is their own private employer-of-last-resort?”
From Alchemy of Trading LLC:
“First of all, he gave a tip of the derby to the guy interviewed in Barron’s this week because David Richards is on to this consumer slowdown theme that The Prof has been talking about. So that means retailers, restaurants, and by extension homebuilders are potential meat on the hoof……the only question is where to safely re-load, and since he’s been out of the market for ten days he’ll be looking for bounces/bear flags.”
From Between the Hedges:
“Ben Bernanke’s silence on monetary policy this morning implies the market has it right, in my opinion. I continue to believe there is virtually zero chance of a rate hike at the Sept. meeting and little chance of another hike this year.”