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    <title>First Coverage - Seeking Alpha</title>
    <description>'First Coverage' Tag RSS Syndication from SeekingAlpha.com</description>
    <author>
      <name>SeekingAlpha.com</name>
    </author>
    <link>http://seekingalpha.com/author/first-coverage</link>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Suggests 2010 to Be Nothing Like 2009</title>
      <link>http://seekingalpha.com/article/178211-weekly-street-sentiment-sell-side-suggests-2010-to-be-nothing-like-2009?source=feed</link>
      <guid isPermaLink="false">178211</guid>
      <content>
        <![CDATA[<p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/12/15/394439-126085423866445-First-Coverage_origin.JPG" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/12/15/394439-126085423866445-First-Coverage.JPG" hspace="6" vspace="6" /></a><br><br>Sell-Side suggests 2010 to be nothing like 2009.</span><span></font></b></p><p><b><span><font size="3"><font>When is a bull not a bull?</font></font></span></b></p></span>]]>
      </content>
      <pubDate>Tue, 15 Dec 2009 05:17:31 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/12/15/394439-126085423866445-First-Coverage_origin.JPG" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/12/15/394439-126085423866445-First-Coverage.JPG" hspace="6" vspace="6" /></a><br><br>Sell-Side suggests 2010 to be nothing like 2009.</span><span></font></b></p><p><b><span><font size="3"><font>When is a bull not a bull?</font></font></span></b></p></span><br/><a href='http://seekingalpha.com/article/178211-weekly-street-sentiment-sell-side-suggests-2010-to-be-nothing-like-2009?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/bac">BAC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/osk">OSK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mdas">MDAS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pdn">PDN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/vale">VALE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/asia">ASIA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ben">BEN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/rig">RIG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nem">NEM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mur">MUR</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Data Demonstrates Sell-Side Was Optimistic, Maybe Even Correct</title>
      <link>http://seekingalpha.com/article/177105-weekly-street-sentiment-data-demonstrates-sell-side-was-optimistic-maybe-even-correct?source=feed</link>
      <guid isPermaLink="false">177105</guid>
      <content>
        <![CDATA[<p><br><a href="http://static.seekingalpha.com/uploads/2009/12/7/394439-126023975308632-First-Coverage_origin.JPG" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/12/7/394439-126023975308632-First-Coverage.JPG" hspace="6" vspace="6" /></a><br><br><b><font><span>Data Demonstrates Sell-Side was Optimistic and Maybe Even Correct</span></font></b></p><p>Rose-colored Glasses Now equipped with 20/20 Vision</p>]]>
      </content>
      <pubDate>Tue, 08 Dec 2009 09:31:06 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><br><a href="http://static.seekingalpha.com/uploads/2009/12/7/394439-126023975308632-First-Coverage_origin.JPG" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/12/7/394439-126023975308632-First-Coverage.JPG" hspace="6" vspace="6" /></a><br><br><b><font><span>Data Demonstrates Sell-Side was Optimistic and Maybe Even Correct</span></font></b></p><p>Rose-colored Glasses Now equipped with 20/20 Vision</p><br/><a href='http://seekingalpha.com/article/177105-weekly-street-sentiment-data-demonstrates-sell-side-was-optimistic-maybe-even-correct?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/cbs">CBS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pnc">PNC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/abx">ABX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/entg">ENTG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mos">MOS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/stt">STT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/esi">ESI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ua">UA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/axl">AXL</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/erii">ERII</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Sell-Side Is Complacent in the Face of Dubai</title>
      <link>http://seekingalpha.com/article/175970-sell-side-is-complacent-in-the-face-of-dubai?source=feed</link>
      <guid isPermaLink="false">175970</guid>
      <content>
        <![CDATA[<p><b><span><font> <a href="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage_origin.jpg" rel="lightbox"><br> </a></font></span></b>Hear that? It&rsquo;s the Sound of Silence. (<em>Click to enlarge</em>)</p><div><b><a href="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div><p><strong>Sell-Side Complacent in the face of Dubai </strong></p>]]>
      </content>
      <pubDate>Tue, 01 Dec 2009 14:08:03 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><span><font> <a href="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage_origin.jpg" rel="lightbox"><br> </a></font></span></b>Hear that? It&rsquo;s the Sound of Silence. (<em>Click to enlarge</em>)</p><div><b><a href="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/30/394439-125963273403547-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div><p><strong>Sell-Side Complacent in the face of Dubai </strong></p><br/><a href='http://seekingalpha.com/article/175970-sell-side-is-complacent-in-the-face-of-dubai?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/abt">ABT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/hlf">HLF</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/rah">RAH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/utx">UTX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/hrbn">HRBN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/paas">PAAS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/jpm">JPM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/auo">AUO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dow">DOW</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nwsa">NWSA</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Gets Bearish on Financials, Bullish on Oil</title>
      <link>http://seekingalpha.com/article/175019-weekly-street-sentiment-sell-side-gets-bearish-on-financials-bullish-on-oil?source=feed</link>
      <guid isPermaLink="false">175019</guid>
      <content>
        <![CDATA[<p><b><font><span></font></b></p><p><b><span><font size="3"><font><a href="http://static.seekingalpha.com/uploads/2009/11/23/394439-125903141978971-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/23/394439-125903141978971-First-Coverage.jpg" hspace="6" vspace="6" /></a><br></font></font></span></b></p><p><strong>Sentiment Stays Bullish but Something seems Different.</strong></p></span>]]>
      </content>
      <pubDate>Tue, 24 Nov 2009 06:57:35 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><font><span></font></b></p><p><b><span><font size="3"><font><a href="http://static.seekingalpha.com/uploads/2009/11/23/394439-125903141978971-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/23/394439-125903141978971-First-Coverage.jpg" hspace="6" vspace="6" /></a><br></font></font></span></b></p><p><strong>Sentiment Stays Bullish but Something seems Different.</strong></p></span><br/><a href='http://seekingalpha.com/article/175019-weekly-street-sentiment-sell-side-gets-bearish-on-financials-bullish-on-oil?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/ma">MA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/clne">CLNE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bmo">BMO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/lulu">LULU</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/tgt">TGT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/wdc">WDC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/liz">LIZ</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pwe">PWE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/qcom">QCOM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/coco">COCO</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Is Cool, Calm and Collected</title>
      <link>http://seekingalpha.com/article/173751-weekly-street-sentiment-sell-side-is-cool-calm-and-collected?source=feed</link>
      <guid isPermaLink="false">173751</guid>
      <content>
        <![CDATA[<p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/11/16/394439-125842417758853-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/16/394439-125842417758853-First-Coverage.jpg" hspace="6" vspace="6" /></a><br><br></span></font></b><b><span><font size="3"><font>The Song Remains the Same</font></font></span></b></p><p><span><font size="3">At the macro level, the story is consistent.</font></span></p>]]>
      </content>
      <pubDate>Tue, 17 Nov 2009 07:17:38 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/11/16/394439-125842417758853-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/16/394439-125842417758853-First-Coverage.jpg" hspace="6" vspace="6" /></a><br><br></span></font></b><b><span><font size="3"><font>The Song Remains the Same</font></font></span></b></p><p><span><font size="3">At the macro level, the story is consistent.</font></span></p><br/><a href='http://seekingalpha.com/article/173751-weekly-street-sentiment-sell-side-is-cool-calm-and-collected?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/uri">URI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/gs">GS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/caas">CAAS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/shoo">SHOO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mi">MI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/usu">USU</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/g">G</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/yrcw">YRCW</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/uuu">UUU</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/qlgc">QLGC</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Regains Confidence as Markets Head into the Home Stretch</title>
      <link>http://seekingalpha.com/article/172421-weekly-street-sentiment-sell-side-regains-confidence-as-markets-head-into-the-home-stretch?source=feed</link>
      <guid isPermaLink="false">172421</guid>
      <content>
        <![CDATA[<p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/11/10/394439-12578292831316-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/10/394439-12578292831316-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></font></b></p><p><b><span><font size="3">Please Fasten Your Seat Belts&hellip;</font></span></b></p> <p><span><font size="3">There&rsquo;s a saying that many fliers use to comfort themselves on airplanes around the world, and it&rsquo;s the belief, originated long ago and repeated to this present day, that turbulence, in and of itself, can&rsquo;t bring down a plane&hellip;but that doesn&rsquo;t mean it doesn&rsquo;t get the heart racing.</font></span></p>]]>
      </content>
      <pubDate>Tue, 10 Nov 2009 05:07:13 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><font><span><a href="http://static.seekingalpha.com/uploads/2009/11/10/394439-12578292831316-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/10/394439-12578292831316-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></font></b></p><p><b><span><font size="3">Please Fasten Your Seat Belts&hellip;</font></span></b></p> <p><span><font size="3">There&rsquo;s a saying that many fliers use to comfort themselves on airplanes around the world, and it&rsquo;s the belief, originated long ago and repeated to this present day, that turbulence, in and of itself, can&rsquo;t bring down a plane&hellip;but that doesn&rsquo;t mean it doesn&rsquo;t get the heart racing.</font></span></p><br/><a href='http://seekingalpha.com/article/172421-weekly-street-sentiment-sell-side-regains-confidence-as-markets-head-into-the-home-stretch?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/v">V</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ge">GE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/hele">HELE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/fuqi">FUQI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/slm">SLM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/anf">ANF</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/swk">SWK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/kss">KSS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/eat">EAT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dsx">DSX</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: The Straw that Almost Broke the Camel's Back</title>
      <link>http://seekingalpha.com/article/170709-weekly-street-sentiment-the-straw-that-almost-broke-the-camel-s-back?source=feed</link>
      <guid isPermaLink="false">170709</guid>
      <content>
        <![CDATA[<p><a href="http://static.seekingalpha.com/uploads/2009/11/2/394439-125721122566263-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/2/394439-125721122566263-First-Coverage.jpg" hspace="6" vspace="6" /></a></p><p><b><font><span>The Straw that Almost Broke the Camel&rsquo;s Back</span><span></font></b></p><p><b><span><font size="3"><font>Close but No Cigar.</font></font></span></b></p></span>]]>
      </content>
      <pubDate>Tue, 03 Nov 2009 03:15:43 -0500</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><a href="http://static.seekingalpha.com/uploads/2009/11/2/394439-125721122566263-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/11/2/394439-125721122566263-First-Coverage.jpg" hspace="6" vspace="6" /></a></p><p><b><font><span>The Straw that Almost Broke the Camel&rsquo;s Back</span><span></font></b></p><p><b><span><font size="3"><font>Close but No Cigar.</font></font></span></b></p></span><br/><a href='http://seekingalpha.com/article/170709-weekly-street-sentiment-the-straw-that-almost-broke-the-camel-s-back?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/rtn">RTN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ph">PH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/jpm">JPM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/sgms">SGMS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cybs">CYBS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/tup">TUP</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mga">MGA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bcr">BCR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cof">COF</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nbr">NBR</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Market Prepares for &#8216;Trick or Treat&#8217;</title>
      <link>http://seekingalpha.com/article/169121-weekly-street-sentiment-market-prepares-for-trick-or-treat?source=feed</link>
      <guid isPermaLink="false">169121</guid>
      <content>
        <![CDATA[<p><em>click to enlarge</em></p><div><b> <a href="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659950183302-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659950183302-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div><b>Sell-side comes dressed as unimpressed for Halloween</b></div> <div>With Halloween less than a week away, it seems quite appropriate that this market is ready to play with the fears, worries and anxieties of industry professionals everywhere. Even as earnings season blew the doors off what most had anticipated, sentiment didn&rsquo;t budge from last week and those in the know reacted with a collective yawn.</div> <div>One of the problems when you&rsquo;ve been in love with the market for so long (going on seven months now) is that you become harder and harder to impress. Traditionally, there had been a dip in sentiment as we came into earnings season as market professionals hoped for the best, while secretly preparing for the worst. Not so this time. Sentiment rallied into earnings announcements, which meant we were left with what is referred to in show business as a &lsquo;tough crowd.&rsquo; And, even with all the impressive numbers that have recently been posted&hellip;that tough crowd remained unmoved.</div> <div>Now, we&rsquo;re not saying that the rally is all of sudden over. After all, sentiment not increasing is not the same as sentiment decreasing. And, as we&rsquo;ve been consistently reporting for the last two months, we still believe that based on the data we&rsquo;re tracking, too many people have too much of a vested interest to finish 2009, with bonuses and performance numbers intact, to let the rally just peter out without any large negative catalyst. However, that being said, sentiment is a fickle beast, and we need to remain alert at all times for any indications that the mood of the crowd might be getting surly&hellip;and traditionally we&rsquo;ve always looked to Technology and Financials to gauge the temperature of the masses, and this week&hellip;not so hot.</div> <div><b>Technology goes bump in the night</b></div> <div>Technology suffered a 7% decline in sentiment.</div> <div>This was the largest single week decline since the lazy, hazy days of summer.</div> <div>This could be indicative of many things -- some as benign as retracing part of the large gains we&rsquo;ve made in technology sentiment over the last few weeks; some as significant as indicating a lowering of risk appetite post earnings announcements.</div> <div>Other reasons for the dip could include a general dissatisfaction with the numbers that companies just posted or a belief that the fundamentals of the industry don&rsquo;t support current valuations. For those who are looking for a worst case scenario, it could also mean that those who have been buying these stocks non-stop for the last seven months have had enough and are moving on to greener pastures with less risk. One week doesn&rsquo;t make a story, but it does make an interesting data point that we&rsquo;ll continue to watch. In the meantime, the good news is that when we look to Financials to see if there was a similar decline in sentiment over the last week, we didn&rsquo;t see it.</div> <div><b>Stocks to Watch</b></div> <div>Over the last week, the following stocks had the largest bullish and bearish sentiment shifts amongst the sell-side.</div> <div><b>Bullish:</b></div><div><em>click to enlarge</em></div> <div><b><a href="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659958325172-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659958325172-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div><b>Bearish:</b></div>]]>
      </content>
      <pubDate>Tue, 27 Oct 2009 10:15:47 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><em>click to enlarge</em></p><div><b> <a href="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659950183302-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659950183302-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div><b>Sell-side comes dressed as unimpressed for Halloween</b></div> <div>With Halloween less than a week away, it seems quite appropriate that this market is ready to play with the fears, worries and anxieties of industry professionals everywhere. Even as earnings season blew the doors off what most had anticipated, sentiment didn&rsquo;t budge from last week and those in the know reacted with a collective yawn.</div> <div>One of the problems when you&rsquo;ve been in love with the market for so long (going on seven months now) is that you become harder and harder to impress. Traditionally, there had been a dip in sentiment as we came into earnings season as market professionals hoped for the best, while secretly preparing for the worst. Not so this time. Sentiment rallied into earnings announcements, which meant we were left with what is referred to in show business as a &lsquo;tough crowd.&rsquo; And, even with all the impressive numbers that have recently been posted&hellip;that tough crowd remained unmoved.</div> <div>Now, we&rsquo;re not saying that the rally is all of sudden over. After all, sentiment not increasing is not the same as sentiment decreasing. And, as we&rsquo;ve been consistently reporting for the last two months, we still believe that based on the data we&rsquo;re tracking, too many people have too much of a vested interest to finish 2009, with bonuses and performance numbers intact, to let the rally just peter out without any large negative catalyst. However, that being said, sentiment is a fickle beast, and we need to remain alert at all times for any indications that the mood of the crowd might be getting surly&hellip;and traditionally we&rsquo;ve always looked to Technology and Financials to gauge the temperature of the masses, and this week&hellip;not so hot.</div> <div><b>Technology goes bump in the night</b></div> <div>Technology suffered a 7% decline in sentiment.</div> <div>This was the largest single week decline since the lazy, hazy days of summer.</div> <div>This could be indicative of many things -- some as benign as retracing part of the large gains we&rsquo;ve made in technology sentiment over the last few weeks; some as significant as indicating a lowering of risk appetite post earnings announcements.</div> <div>Other reasons for the dip could include a general dissatisfaction with the numbers that companies just posted or a belief that the fundamentals of the industry don&rsquo;t support current valuations. For those who are looking for a worst case scenario, it could also mean that those who have been buying these stocks non-stop for the last seven months have had enough and are moving on to greener pastures with less risk. One week doesn&rsquo;t make a story, but it does make an interesting data point that we&rsquo;ll continue to watch. In the meantime, the good news is that when we look to Financials to see if there was a similar decline in sentiment over the last week, we didn&rsquo;t see it.</div> <div><b>Stocks to Watch</b></div> <div>Over the last week, the following stocks had the largest bullish and bearish sentiment shifts amongst the sell-side.</div> <div><b>Bullish:</b></div><div><em>click to enlarge</em></div> <div><b><a href="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659958325172-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/26/394439-125659958325172-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div><b>Bearish:</b></div><br/><a href='http://seekingalpha.com/article/169121-weekly-street-sentiment-market-prepares-for-trick-or-treat?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/gild">GILD</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/wms">WMS</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/coh">COH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mtg">MTG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/std">STD</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/lxk">LXK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mco">MCO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/immu">IMMU</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bkh">BKH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/wfc">WFC</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: You Can't Improve on Perfection</title>
      <link>http://seekingalpha.com/article/167497-weekly-street-sentiment-you-can-t-improve-on-perfection?source=feed</link>
      <guid isPermaLink="false">167497</guid>
      <content>
        <![CDATA[<p><img src="http://static.seekingalpha.com/uploads/2009/10/19/394439-125600224398532-First-Coverage.jpg" hspace="6" vspace="6" /></p> <p><b>We&rsquo;re Batting 1.000&hellip;anyone else worried?</b></p> <p>Well, it&rsquo;s taken us a while to get here, but for the first time since we started tracking sell-side sentiment over two and a half years ago, there is bullish sentiment associated with every single industry. No Neutrals, no Bears, just one hundred percent rose-colored glasses across the board.</p>]]>
      </content>
      <pubDate>Tue, 20 Oct 2009 06:07:48 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><img src="http://static.seekingalpha.com/uploads/2009/10/19/394439-125600224398532-First-Coverage.jpg" hspace="6" vspace="6" /></p> <p><b>We&rsquo;re Batting 1.000&hellip;anyone else worried?</b></p> <p>Well, it&rsquo;s taken us a while to get here, but for the first time since we started tracking sell-side sentiment over two and a half years ago, there is bullish sentiment associated with every single industry. No Neutrals, no Bears, just one hundred percent rose-colored glasses across the board.</p><br/><a href='http://seekingalpha.com/article/167497-weekly-street-sentiment-you-can-t-improve-on-perfection?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/stt">STT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/kgc">KGC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nov">NOV</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/lstr">LSTR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ma">MA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bby">BBY</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/eni">ENI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/amr">AMR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/hog">HOG</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell Side Loves Everything and Everybody</title>
      <link>http://seekingalpha.com/article/166131-weekly-street-sentiment-sell-side-loves-everything-and-everybody?source=feed</link>
      <guid isPermaLink="false">166131</guid>
      <content>
        <![CDATA[<p><a href="http://static.seekingalpha.com/uploads/2009/10/12/394439-125539504014714-First-Coverage_origin.png" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/12/394439-125539504014714-First-Coverage.png" hspace="6" vspace="6" /></a></p><p><strong>Sell-Side Loves Everything and Everybody</strong></p><p>I Love you Man!</p>]]>
      </content>
      <pubDate>Tue, 13 Oct 2009 04:38:56 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><a href="http://static.seekingalpha.com/uploads/2009/10/12/394439-125539504014714-First-Coverage_origin.png" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/12/394439-125539504014714-First-Coverage.png" hspace="6" vspace="6" /></a></p><p><strong>Sell-Side Loves Everything and Everybody</strong></p><p>I Love you Man!</p><br/><a href='http://seekingalpha.com/article/166131-weekly-street-sentiment-sell-side-loves-everything-and-everybody?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/hpq">HPQ</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cnx">CNX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pxd">PXD</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/vci">VCI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/rimm">RIMM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bbt">BBT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ntes">NTES</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/onxx">ONXX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/eog">EOG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/key">KEY</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>A Market in Motion Will Remain in Motion</title>
      <link>http://seekingalpha.com/article/164987-a-market-in-motion-will-remain-in-motion?source=feed</link>
      <guid isPermaLink="false">164987</guid>
      <content>
        <![CDATA[<p><br><a href="http://static.seekingalpha.com/uploads/2009/10/5/394439-125479368609998-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/5/394439-125479368609998-First-Coverage.jpg" hspace="6" vspace="6" /></a><br><b><span><font size="3"><font><br></font></font></span><span><font size="3"><font>The Ends Justifies the Means</font></font></span></b></p><p><span><font size="3">Watching the end of a blowout NFL game and the financial markets close out 2009 could be eerily similar this year. If over the next three months it seems that market participants are simply trying to run out the clock and close this year on a high, you might be absolutely right. </font></span></p>]]>
      </content>
      <pubDate>Tue, 06 Oct 2009 04:49:13 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><br><a href="http://static.seekingalpha.com/uploads/2009/10/5/394439-125479368609998-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/10/5/394439-125479368609998-First-Coverage.jpg" hspace="6" vspace="6" /></a><br><b><span><font size="3"><font><br></font></font></span><span><font size="3"><font>The Ends Justifies the Means</font></font></span></b></p><p><span><font size="3">Watching the end of a blowout NFL game and the financial markets close out 2009 could be eerily similar this year. If over the next three months it seems that market participants are simply trying to run out the clock and close this year on a high, you might be absolutely right. </font></span></p><br/><a href='http://seekingalpha.com/article/164987-a-market-in-motion-will-remain-in-motion?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/brcd">BRCD</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ash">ASH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ice">ICE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bidu">BIDU</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mhk">MHK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/fitb">FITB</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mrx">MRX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bp">BP</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/scg">SCG</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: A Rally in Motion Stays in Motion </title>
      <link>http://seekingalpha.com/article/162678-weekly-street-sentiment-a-rally-in-motion-stays-in-motion?source=feed</link>
      <guid isPermaLink="false">162678</guid>
      <content>
        <![CDATA[<p><b><span><a href="http://static.seekingalpha.com/uploads/2009/9/21/394439-12535861150298-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/9/21/394439-12535861150298-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></b></p> <p><b> </b></p> <p><b>Sell-Side Content to Stay Content.</b></p>]]>
      </content>
      <pubDate>Tue, 22 Sep 2009 03:33:27 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><span><a href="http://static.seekingalpha.com/uploads/2009/9/21/394439-12535861150298-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/9/21/394439-12535861150298-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></b></p> <p><b> </b></p> <p><b>Sell-Side Content to Stay Content.</b></p><br/><a href='http://seekingalpha.com/article/162678-weekly-street-sentiment-a-rally-in-motion-stays-in-motion?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/thor">THOR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cag">CAG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pot">POT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dell">DELL</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nflx">NFLX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/vmc">VMC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/brli">BRLI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bbg">BBG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pnc">PNC</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Looks Forward, Not Back</title>
      <link>http://seekingalpha.com/article/161559-weekly-street-sentiment-sell-side-looks-forward-not-back?source=feed</link>
      <guid isPermaLink="false">161559</guid>
      <content>
        <![CDATA[<p><b><a href="http://static.seekingalpha.com/uploads/2009/9/14/394439-12529775235712-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/9/14/394439-12529775235712-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></p> <p><b>On One-Year Anniversary, Sell-Side Looks Forward - Not Back</b></p> <p>Exactly one year since the beginning of the so-called end, the sell-side continues to suggest to their buy-side clients that the worst is behind us, or at the very least, not ready to return any time soon. Whether you want to attribute this to short-term memory, systemic optimism or an inability to jump off this six-month rally train without hobbling their career is still uncertain.</p>]]>
      </content>
      <pubDate>Tue, 15 Sep 2009 08:07:44 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><a href="http://static.seekingalpha.com/uploads/2009/9/14/394439-12529775235712-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/9/14/394439-12529775235712-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></p> <p><b>On One-Year Anniversary, Sell-Side Looks Forward - Not Back</b></p> <p>Exactly one year since the beginning of the so-called end, the sell-side continues to suggest to their buy-side clients that the worst is behind us, or at the very least, not ready to return any time soon. Whether you want to attribute this to short-term memory, systemic optimism or an inability to jump off this six-month rally train without hobbling their career is still uncertain.</p><br/><a href='http://seekingalpha.com/article/161559-weekly-street-sentiment-sell-side-looks-forward-not-back?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/amsc">AMSC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/abx">ABX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ttm">TTM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pcln">PCLN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/se">SE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/hp">HP</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nyt">NYT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/joyg">JOYG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/scg">SCG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/lz">LZ</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: No Back to School Jitters in the Markets</title>
      <link>http://seekingalpha.com/article/160522-weekly-street-sentiment-no-back-to-school-jitters-in-the-markets?source=feed</link>
      <guid isPermaLink="false">160522</guid>
      <content>
        <![CDATA[<p><b><img src="http://static.seekingalpha.com/uploads/2009/9/8/394439-125245916010198-First-Coverage.jpg" hspace="6" vspace="6" /></b></p><p><b>September is just another month</b></p> <p>September has come and the end of the world (or the end of the market rally, which to our readership would probably be one and the same) seems a little tardy. Alternatively, it has already started, and the sell-side just hasn&rsquo;t paid attention as they continue to worry less about the end of the current market rally and more about how their kids settled in on the first day of school.</p>]]>
      </content>
      <pubDate>Wed, 09 Sep 2009 04:14:51 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><img src="http://static.seekingalpha.com/uploads/2009/9/8/394439-125245916010198-First-Coverage.jpg" hspace="6" vspace="6" /></b></p><p><b>September is just another month</b></p> <p>September has come and the end of the world (or the end of the market rally, which to our readership would probably be one and the same) seems a little tardy. Alternatively, it has already started, and the sell-side just hasn&rsquo;t paid attention as they continue to worry less about the end of the current market rally and more about how their kids settled in on the first day of school.</p><br/><a href='http://seekingalpha.com/article/160522-weekly-street-sentiment-no-back-to-school-jitters-in-the-markets?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/symc">SYMC</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/s">S</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/nvda">NVDA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/amed">AMED</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ctl">CTL</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pcar">PCAR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/gg">GG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/wfc">WFC</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Somewhat Disinterested </title>
      <link>http://seekingalpha.com/article/158109-weekly-street-sentiment-sell-side-somewhat-disinterested?source=feed</link>
      <guid isPermaLink="false">158109</guid>
      <content>
        <![CDATA[<p><b><span><a href="http://static.seekingalpha.com/uploads/2009/8/24/394439-125115596905637-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/24/394439-125115596905637-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></b></p><p>Regardless of what else is going on in the marketplace, summer is still summer. And for those lucky enough to still be employed within the financial industry, August means time away from the markets and a chance to reunite with those strange people who keep telling you they&rsquo;re related to you. So, it shouldn&rsquo;t be a surprise that the last few weeks of August represent a lower level of sell-side activity in the marketplace.</p>]]>
      </content>
      <pubDate>Tue, 25 Aug 2009 06:39:58 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><b><span><a href="http://static.seekingalpha.com/uploads/2009/8/24/394439-125115596905637-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/24/394439-125115596905637-First-Coverage.jpg" hspace="6" vspace="6" /></a></span></b></p><p>Regardless of what else is going on in the marketplace, summer is still summer. And for those lucky enough to still be employed within the financial industry, August means time away from the markets and a chance to reunite with those strange people who keep telling you they&rsquo;re related to you. So, it shouldn&rsquo;t be a surprise that the last few weeks of August represent a lower level of sell-side activity in the marketplace.</p><br/><a href='http://seekingalpha.com/article/158109-weekly-street-sentiment-sell-side-somewhat-disinterested?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/wmt">WMT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pfe">PFE</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dtv">DTV</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/teva">TEVA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/atvi">ATVI</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/c">C</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ah">AH</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/aro">ARO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/fslr">FSLR</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/wynn">WYNN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/vmw">VMW</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cat">CAT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/amzn">AMZN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/palm">PALM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ba">BA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cbk">CBK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/igt">IGT</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Market Falters but Sentiment Doesn't </title>
      <link>http://seekingalpha.com/article/156686-market-falters-but-sentiment-doesn-t?source=feed</link>
      <guid isPermaLink="false">156686</guid>
      <content>
        <![CDATA[<p><a href="http://static.seekingalpha.com/uploads/2009/8/17/394439-125055911119442-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/17/394439-125055911119442-First-Coverage.jpg" hspace="6" vspace="6" /></a><b><span></b></p> <h3>Sell-side taking cautious stance in dog days of summer</h3> <p>Recognize that headline above? The one about a &ldquo;cautious stance?&rdquo; You should; it&rsquo;s the same as last week. In fact, if we had to summarize the sentiment of the sell-side in one word, it would be&hellip; &ldquo;cautious.&rdquo;</p></span>]]>
      </content>
      <pubDate>Tue, 18 Aug 2009 05:25:18 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><a href="http://static.seekingalpha.com/uploads/2009/8/17/394439-125055911119442-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/17/394439-125055911119442-First-Coverage.jpg" hspace="6" vspace="6" /></a><b><span></b></p> <h3>Sell-side taking cautious stance in dog days of summer</h3> <p>Recognize that headline above? The one about a &ldquo;cautious stance?&rdquo; You should; it&rsquo;s the same as last week. In fact, if we had to summarize the sentiment of the sell-side in one word, it would be&hellip; &ldquo;cautious.&rdquo;</p></span><br/><a href='http://seekingalpha.com/article/156686-market-falters-but-sentiment-doesn-t?source=feed'>Complete Story &raquo;</a>]]>
      </description>
      <category type="symbol" link="http://seekingalpha.com/symbol/pcln">PCLN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/fcx">FCX</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/bg">BG</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/so">SO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/sap">SAP</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/cof">COF</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mon">MON</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dndn">DNDN</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mar">MAR</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Market Sentiment: Sell-Side Awaits Catalyst</title>
      <link>http://seekingalpha.com/article/155363-market-sentiment-sell-side-awaits-catalyst?source=feed</link>
      <guid isPermaLink="false">155363</guid>
      <content>
        <![CDATA[<p>Sell-Side taking cautious stance in Dog Days of Summer:</p><p><b><a href="http://static.seekingalpha.com/uploads/2009/8/10/394439-124995454874471-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/10/394439-124995454874471-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></p><p>While I wish every week we had earth-shattering news to share, and while I wish that this week was different than last week, but it&rsquo;s not.</p>]]>
      </content>
      <pubDate>Tue, 11 Aug 2009 10:22:44 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p>Sell-Side taking cautious stance in Dog Days of Summer:</p><p><b><a href="http://static.seekingalpha.com/uploads/2009/8/10/394439-124995454874471-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/10/394439-124995454874471-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></p><p>While I wish every week we had earth-shattering news to share, and while I wish that this week was different than last week, but it&rsquo;s not.</p><br/><a href='http://seekingalpha.com/article/155363-market-sentiment-sell-side-awaits-catalyst?source=feed'>Complete Story &raquo;</a>]]>
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      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: All&#8217;s Quiet on the Sell-Side Front!</title>
      <link>http://seekingalpha.com/article/153533-weekly-street-sentiment-alls-quiet-on-the-sell-side-front?source=feed</link>
      <guid isPermaLink="false">153533</guid>
      <content>
        <![CDATA[<p><em>click to enlarge</em><br><a href="http://static.seekingalpha.com/uploads/2009/8/3/394439-124934734786197-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/3/394439-124934734786197-First-Coverage.jpg" vspace="6" /></a><br> <em>Sell-Side Remains Bullish&hellip; just not quite as emphatic as before.</em></p> <p>A whole lot of nothing!</p>]]>
      </content>
      <pubDate>Tue, 04 Aug 2009 06:28:40 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><em>click to enlarge</em><br><a href="http://static.seekingalpha.com/uploads/2009/8/3/394439-124934734786197-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/8/3/394439-124934734786197-First-Coverage.jpg" vspace="6" /></a><br> <em>Sell-Side Remains Bullish&hellip; just not quite as emphatic as before.</em></p> <p>A whole lot of nothing!</p><br/><a href='http://seekingalpha.com/article/153533-weekly-street-sentiment-alls-quiet-on-the-sell-side-front?source=feed'>Complete Story &raquo;</a>]]>
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      <category type="symbol" link="http://seekingalpha.com/symbol/ed">ED</category>
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      <category type="symbol" link="http://seekingalpha.com/symbol/ca">CA</category>
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      <category type="symbol" link="http://seekingalpha.com/symbol/rvbd">RVBD</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Loves Everything - Except Technology</title>
      <link>http://seekingalpha.com/article/151683-weekly-street-sentiment-sell-side-loves-everything-except-technology?source=feed</link>
      <guid isPermaLink="false">151683</guid>
      <content>
        <![CDATA[<div><div><p><strong><span><a href="http://static.seekingalpha.com/uploads/2009/7/27/394439-124874589633456-First-Coverage_origin.jpg"><img src="http://static.seekingalpha.com/uploads/2009/7/27/394439-124874589633456-First-Coverage.jpg" /></a></span></strong></p></div><div><p><strong>Be Long; It Doesn&rsquo;t Really Matter Where!</strong></p></div><div><p>Headline: Sell-side continues their love affair with the current summer market rally.</p></div></div>]]>
      </content>
      <pubDate>Tue, 28 Jul 2009 02:31:46 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><div><div><p><strong><span><a href="http://static.seekingalpha.com/uploads/2009/7/27/394439-124874589633456-First-Coverage_origin.jpg"><img src="http://static.seekingalpha.com/uploads/2009/7/27/394439-124874589633456-First-Coverage.jpg" /></a></span></strong></p></div><div><p><strong>Be Long; It Doesn&rsquo;t Really Matter Where!</strong></p></div><div><p>Headline: Sell-side continues their love affair with the current summer market rally.</p></div></div><br/><a href='http://seekingalpha.com/article/151683-weekly-street-sentiment-sell-side-loves-everything-except-technology?source=feed'>Complete Story &raquo;</a>]]>
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      <category type="symbol" link="http://seekingalpha.com/symbol/all">ALL</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/deck">DECK</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/orly">ORLY</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/pwrd">PWRD</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/ttwo">TTWO</category>
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      <category type="symbol" link="http://seekingalpha.com/symbol/ltm">LTM</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/mot">MOT</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/tmo">TMO</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/dia">DIA</category>
      <category type="symbol" link="http://seekingalpha.com/symbol/spy">SPY</category>
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      <category type="symbol" link="http://seekingalpha.com/symbol/xlf">XLF</category>
      <category type="author" link="http://seekingalpha.com/author/first-coverage">First Coverage</category>
    </item>
    <item>
      <title>Weekly Street Sentiment: Sell-Side Gets Burned Going Bearish Too Soon</title>
      <link>http://seekingalpha.com/article/150113-weekly-street-sentiment-sell-side-gets-burned-going-bearish-too-soon?source=feed</link>
      <guid isPermaLink="false">150113</guid>
      <content>
        <![CDATA[<p><em>click to enlarge </em><br><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814028616156-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814028616156-First-Coverage.jpg" hspace="6" vspace="6" /></a></p> <div><b><span>Sell-Side Gets Burned Going Bearish Too Soon </span></b></div> <div><b>Ouch, that one hurt!</b></div> <div>Sixteen weeks we waited for the sell-side to decide the market rally was ready to turn.</div> <div>Sixteen weeks we wondered what it would take to make them reconsider their long bias and what that would mean for a market that seemingly was running based on the notion that the market simply wanted it to keep running higher.</div> <div>Sixteen weeks we marvelled at the resolve of the sell-side to maintain their composure and be consistent with their &ldquo;stay long&rdquo; advice to their client base.</div> <div>Sixteen weeks we waited&hellip; and it only took two weeks for the sell-side to conclude that they had moved too soon.</div> <div>Welcome back folks! According to the sell-side, this rally isn&rsquo;t over yet and when they realized their mistake, the sell-side couldn&rsquo;t find a fast enough way to jump back on the bullish bandwagon that they had left a mere 14 days ago!</div> <div>Last week saw sentiment climb 7.8%, the largest single week-over-week climb since we&rsquo;ve been tracking this data. However, it probably speaks more to the amount of sell-side professionals who got caught offside than it does to any fundamental shift in the economic or corporate picture.</div> <div>Now, we&rsquo;re not going to take a stab at trying to figure out what made the sell-side turn bearish two weeks ago. In truth, it could have been anything from macro data to just being nervous that the market had come too far too fast. And, we&rsquo;re not going to try and understand what drove them to do a one hundred and eighty degree turn on that feeling this past week. But where we can add value is in trying to understand how often we&rsquo;ve been in this type of &ldquo;flip-flop&rdquo; environment when sentiment has turned this rapidly and what did that means for the upcoming months.</div> <div><b>So, What Certainty Comes from Uncertainty?</b></div> <div>Let&rsquo;s put things in context. Over the past 30 months, there have been sixteen distinct sentiment shifts including the two that most recently occurred. The average sentiment trend has lasted eight weeks with the longest being 26 weeks back in 2007 and the shortest being a few occasions of just one week.</div> <div>During those thirty months, there have only been three occasions since we started tracking sell-side sentiment when their &ldquo;feel&rdquo; for the market has shifted back and forth over such a short duration.</div> <div>The first was between December 2007 and January 2008. The sell-side had been in a pronounced bearish trend for 10 weeks before they went bullish for a week, reverted back for a couple of weeks, went bullish again for a single week, reverted back for a month and then finally settled into a sustained 17-week bullish period that ran from February to March of 2008. The final bullish period generated a 9% benchmark return even though it took a couple months of uncertainty to establish a new direction for the market.</div> <div>In May of 2008, at the end of the above mentioned trend, the sell-side went bearish for two weeks, reverted back to being bullish for a single week and then finally turned bearish for good in mid-June, 2008. The perma-bears ruled for 18 weeks during which the sentiment benchmark posted a greater than 30% return.</div> <div>Finally, there was one other time in which the sell-side jumped to the other side of the sentiment equation (i.e., from being bulls to bears) for a single week in November of 2008. They managed to capture a generous 15% return in that single week and then went back to being bulls again until the beginning of 2009.</div> <div>In hindsight, it shouldn&rsquo;t be surprising that meaningful shifts aren&rsquo;t pretty or clean. They do tend to take a couple tries to finally move the sell-side from one side of the market to the other for good and knowing that it&rsquo;s the upcoming weeks that will be the decisive ones to watch. If the sell-side shows continued volatility and moves bearish again in the next week or two, then history would indicate we&rsquo;ve entered another sustained bearish trend. While the transition wouldn&rsquo;t have been pretty or even profitable, at that time the sell-side would be suggesting that your money should be off the table and out of the market for at least a couple of months and probably even longer.</div> <div>So, as we wait and watch, here are the five tickers that have undergone the biggest bullish and bearish sentiment shifts over the last week:</div> <div><b> </b></div> <div><b>Top 5 Bullish Sentiment Shifts:</b></div> <div><b><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814058848615-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814058848615-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div> </div> <div><b>Top 5 Bearish Sentiment Shifts:</b></div> <div><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814062483295-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814062483295-First-Coverage.jpg" hspace="6" vspace="6" /></a></div> <div>Until next week&hellip;</div>]]>
      </content>
      <pubDate>Tue, 21 Jul 2009 09:16:56 -0400</pubDate>
      <author>First Coverage</author>
      <description>
        <![CDATA[<strong><a href="http://www.firstcoverage.com/">First Coverage</a> submits: </strong><p><em>click to enlarge </em><br><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814028616156-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814028616156-First-Coverage.jpg" hspace="6" vspace="6" /></a></p> <div><b><span>Sell-Side Gets Burned Going Bearish Too Soon </span></b></div> <div><b>Ouch, that one hurt!</b></div> <div>Sixteen weeks we waited for the sell-side to decide the market rally was ready to turn.</div> <div>Sixteen weeks we wondered what it would take to make them reconsider their long bias and what that would mean for a market that seemingly was running based on the notion that the market simply wanted it to keep running higher.</div> <div>Sixteen weeks we marvelled at the resolve of the sell-side to maintain their composure and be consistent with their &ldquo;stay long&rdquo; advice to their client base.</div> <div>Sixteen weeks we waited&hellip; and it only took two weeks for the sell-side to conclude that they had moved too soon.</div> <div>Welcome back folks! According to the sell-side, this rally isn&rsquo;t over yet and when they realized their mistake, the sell-side couldn&rsquo;t find a fast enough way to jump back on the bullish bandwagon that they had left a mere 14 days ago!</div> <div>Last week saw sentiment climb 7.8%, the largest single week-over-week climb since we&rsquo;ve been tracking this data. However, it probably speaks more to the amount of sell-side professionals who got caught offside than it does to any fundamental shift in the economic or corporate picture.</div> <div>Now, we&rsquo;re not going to take a stab at trying to figure out what made the sell-side turn bearish two weeks ago. In truth, it could have been anything from macro data to just being nervous that the market had come too far too fast. And, we&rsquo;re not going to try and understand what drove them to do a one hundred and eighty degree turn on that feeling this past week. But where we can add value is in trying to understand how often we&rsquo;ve been in this type of &ldquo;flip-flop&rdquo; environment when sentiment has turned this rapidly and what did that means for the upcoming months.</div> <div><b>So, What Certainty Comes from Uncertainty?</b></div> <div>Let&rsquo;s put things in context. Over the past 30 months, there have been sixteen distinct sentiment shifts including the two that most recently occurred. The average sentiment trend has lasted eight weeks with the longest being 26 weeks back in 2007 and the shortest being a few occasions of just one week.</div> <div>During those thirty months, there have only been three occasions since we started tracking sell-side sentiment when their &ldquo;feel&rdquo; for the market has shifted back and forth over such a short duration.</div> <div>The first was between December 2007 and January 2008. The sell-side had been in a pronounced bearish trend for 10 weeks before they went bullish for a week, reverted back for a couple of weeks, went bullish again for a single week, reverted back for a month and then finally settled into a sustained 17-week bullish period that ran from February to March of 2008. The final bullish period generated a 9% benchmark return even though it took a couple months of uncertainty to establish a new direction for the market.</div> <div>In May of 2008, at the end of the above mentioned trend, the sell-side went bearish for two weeks, reverted back to being bullish for a single week and then finally turned bearish for good in mid-June, 2008. The perma-bears ruled for 18 weeks during which the sentiment benchmark posted a greater than 30% return.</div> <div>Finally, there was one other time in which the sell-side jumped to the other side of the sentiment equation (i.e., from being bulls to bears) for a single week in November of 2008. They managed to capture a generous 15% return in that single week and then went back to being bulls again until the beginning of 2009.</div> <div>In hindsight, it shouldn&rsquo;t be surprising that meaningful shifts aren&rsquo;t pretty or clean. They do tend to take a couple tries to finally move the sell-side from one side of the market to the other for good and knowing that it&rsquo;s the upcoming weeks that will be the decisive ones to watch. If the sell-side shows continued volatility and moves bearish again in the next week or two, then history would indicate we&rsquo;ve entered another sustained bearish trend. While the transition wouldn&rsquo;t have been pretty or even profitable, at that time the sell-side would be suggesting that your money should be off the table and out of the market for at least a couple of months and probably even longer.</div> <div>So, as we wait and watch, here are the five tickers that have undergone the biggest bullish and bearish sentiment shifts over the last week:</div> <div><b> </b></div> <div><b>Top 5 Bullish Sentiment Shifts:</b></div> <div><b><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814058848615-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814058848615-First-Coverage.jpg" hspace="6" vspace="6" /></a></b></div> <div> </div> <div><b>Top 5 Bearish Sentiment Shifts:</b></div> <div><a href="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814062483295-First-Coverage_origin.jpg" rel="lightbox"><img src="http://static.seekingalpha.com/uploads/2009/7/20/394439-124814062483295-First-Coverage.jpg" hspace="6" vspace="6" /></a></div> <div>Until next week&hellip;</div><br/><a href='http://seekingalpha.com/article/150113-weekly-street-sentiment-sell-side-gets-burned-going-bearish-too-soon?source=feed'>Complete Story &raquo;</a>]]>
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