Stone Fox Capital's Comments Stone Fox Capital's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/234751/comments After TARP: Part 2 http://seekingalpha.com/article/180505-after-tarp-part-2?source=feed#comment-828167 828167 Thu, 31 Dec 2009 12:37:09 -0500 The Dow takes a hit in particular, as the Chicago Institute for Supply Management revises its activity index lower just a day after releasing the data. December Business Barometer was changed to 58.7 from the initial report of 60. The prior three months were each revised lower as well. DJIA now -0.5% to 10,496. http://seekingalpha.com/news/market_currents/post/39163?source=feed#comment-828149 828149 Thu, 31 Dec 2009 12:29:35 -0500 Tuesday's increase in consumer confidence was fueled entirely by a rise in the Conference Board's Consumer Expectations Index, while the Present Situation Index actually declined - somewhat surprising given its high correlation with labor markets, which have improved significantly in recent readings. The index suggests consumers may be skeptical about recent employment data. http://seekingalpha.com/news/market_currents/post/39084?source=feed#comment-826399 826399 Wed, 30 Dec 2009 11:10:28 -0500 2009's Billion Dollar Man: David Tepper http://seekingalpha.com/article/179565-2009-s-billion-dollar-man-david-tepper?source=feed#comment-825139 825139 Tue, 29 Dec 2009 12:35:14 -0500 Don't bet on stocks, Mohamed El-Erian says. "We're on a sugar high. It feels good for a while but is unsustainable." The famed bond investor warns the burst of economic activity fueled by government spending and near-zero interest rates will soon peter out, triggering a one-month 10% plunge in stocks that takes S&P back under 1,000. http://seekingalpha.com/news/market_currents/post/38946?source=feed#comment-823772 823772 Mon, 28 Dec 2009 12:15:29 -0500 The Future Looks Bright for Terex http://seekingalpha.com/article/179275-the-future-looks-bright-for-terex?source=feed#comment-817702 817702 Tue, 22 Dec 2009 17:02:55 -0500 Are S&P 500 Growth Projections Realistic? http://seekingalpha.com/article/179263-are-s-p-500-growth-projections-realistic?source=feed#comment-817695 817695

On Dec 22 03:47 PM Tim_Bear wrote:

> "S&P 500 will jump to $94.98 a share in 2011 from $62.52 this
> year"
>
> Wow, that's the funniest thing I've read all day...it equates to
> a 23% annual growth rate in S&P500 earnings....with a dismal
> unemployment picture in an economy where consumer spending accounts
> for approx 2/3 of GDP. And what about the much-argued impact of
> the pending mortgage resets in 2010 and 2011?
>
> Good luck with that 23% earnings growth!]]> Tue, 22 Dec 2009 16:59:09 -0500

On Dec 22 03:47 PM Tim_Bear wrote:

> "S&P 500 will jump to $94.98 a share in 2011 from $62.52 this
> year"
>
> Wow, that's the funniest thing I've read all day...it equates to
> a 23% annual growth rate in S&P500 earnings....with a dismal
> unemployment picture in an economy where consumer spending accounts
> for approx 2/3 of GDP. And what about the much-argued impact of
> the pending mortgage resets in 2010 and 2011?
>
> Good luck with that 23% earnings growth!]]> A Barclays survey says the most underestimated risk is that of a double-dip recession, followed by weaker-than-expected growth in China. Participants also think the dollar's rebound would be bolstered by continued market turbulence - though there's an overall split about where the greenback is headed. http://seekingalpha.com/news/market_currents/post/38653?source=feed#comment-816195 816195 Mon, 21 Dec 2009 15:58:36 -0500 Nine Indicators of a Second Wave in Economic Slump http://seekingalpha.com/article/179202-nine-indicators-of-a-second-wave-in-economic-slump?source=feed#comment-815906 815906 Mon, 21 Dec 2009 12:23:55 -0500 What Are Leading Economic Indicators Telling Us? http://seekingalpha.com/article/178753-what-are-leading-economic-indicators-telling-us?source=feed#comment-811203 811203 Thu, 17 Dec 2009 16:48:41 -0500 The latest AAII measures of investor sentiment are indicating the fewest bears since May 2008 - and the highest bull-to-bear ratio since summer. http://seekingalpha.com/news/market_currents/post/38462?source=feed#comment-810890 810890 Thu, 17 Dec 2009 12:50:21 -0500 New Chinese Coal Mining Regulations Mean Opportunity for Multi-National Producers http://seekingalpha.com/article/178313-new-chinese-coal-mining-regulations-mean-opportunity-for-multi-national-producers?source=feed#comment-807232 807232 Tue, 15 Dec 2009 16:33:45 -0500 Equities Update: Modest Day Lifts Dow Over 10,500 http://seekingalpha.com/article/178128-equities-update-modest-day-lifts-dow-over-10-500?source=feed#comment-805580 805580 Mon, 14 Dec 2009 16:46:47 -0500 By acquiring XTO Energy (XTO +15.1%), Exxon Mobil (XOM -4.2%) is essentially making a $31B bet that gas will be America's fossil-fuel power generator of choice. XTO's specialty in onshore extraction from tough fields is a big commitment for Exxon, the most conservative company in a conservative industry. http://seekingalpha.com/news/market_currents/post/38218?source=feed#comment-805568 805568 Mon, 14 Dec 2009 16:32:49 -0500 Citigroup's (C -5.6%) paying the price to get out of TARP, Felix Salmon says, with more losses to come and the repayment plan diluting existing shareholders. Strong capital ratios aren't everything; Citi needs to shed toxic assets and get smaller, faster. http://seekingalpha.com/news/market_currents/post/38217?source=feed#comment-805300 805300 Mon, 14 Dec 2009 13:28:40 -0500 Analyst John Kaiser on Rare Earths http://seekingalpha.com/article/178077-analyst-john-kaiser-on-rare-earths?source=feed#comment-805068 805068 Mon, 14 Dec 2009 11:19:58 -0500 Coal's Bright Future http://seekingalpha.com/article/177707-coal-s-bright-future?source=feed#comment-802233 802233 Fri, 11 Dec 2009 16:31:19 -0500 Consol Energy's Buy Signals and China Opportunity http://seekingalpha.com/article/177403-consol-energy-s-buy-signals-and-china-opportunity?source=feed#comment-802219 802219 CLD). Its been beaten up since the IPO but it is one of the prime reasons Buffet bought BNI. ]]> Fri, 11 Dec 2009 16:17:33 -0500 CLD). Its been beaten up since the IPO but it is one of the prime reasons Buffet bought BNI. ]]> David Rosenberg predicts heightened volatility in 2010, as the VIX creeps back up to the 30-40 range. He says investors have become complacent in a hurry, as witnessed by the low cost of buying index puts, and thinks sovereign risk could be one of the big stories next year: "Whatever bad assets that have been resolved in this credit crisis have almost entirely been placed on the books of governments and central banks." http://seekingalpha.com/news/market_currents/post/38099?source=feed#comment-801839 801839 Fri, 11 Dec 2009 12:58:41 -0500 Dec. Reuters/UofM Consumer Sentiment: Confidence jumped "mainly due to widespread price discounting by merchants attempting to spark holiday sales as well as somewhat more positive expectations for economic growth and employment." http://seekingalpha.com/news/market_currents/post/38109?source=feed#comment-801483 801483 Fri, 11 Dec 2009 10:15:01 -0500 U.S. Steel: Overpriced and Overhyped http://seekingalpha.com/article/177487-u-s-steel-overpriced-and-overhyped?source=feed#comment-800222 800222 Thu, 10 Dec 2009 14:00:08 -0500 Why Is the Government Holding Wells Fargo Hostage? http://seekingalpha.com/article/177472-why-is-the-government-holding-wells-fargo-hostage?source=feed#comment-799972 799972 Thu, 10 Dec 2009 12:02:26 -0500 You might have missed something in the jobs report, says Paul Vigna - not nonfarm payrolls, but the openings/turnover numbers, with a steady rate since March. Which means if you bought into Friday's lower-than-expected unemployment figure, it's still true that hiring hasn't picked up: Long-term unemployment is still rising. And if you didn't buy into it, you're not alone. http://seekingalpha.com/news/market_currents/post/37972?source=feed#comment-798273 798273 Wed, 09 Dec 2009 12:53:07 -0500 Three lunchtime reads: 1) Commodity prices and the Fed 2) Seven companies that won't make it to 2020 3) The real lost decade: Japanese GDP edition http://seekingalpha.com/news/market_currents/post/37971?source=feed#comment-798250 798250
By the way, ever been to a Home Depot? You can play roller hockey in those stores most of time as well. ]]> Wed, 09 Dec 2009 12:41:50 -0500
By the way, ever been to a Home Depot? You can play roller hockey in those stores most of time as well. ]]> James Grant, editor of Grant's Interest Rate Observer, wonders if the dollar's become the GM of currencies: "The world is losing faith, as well it might. It's not that the dollar is overvalued - the problem lies with its management. The greenback is a glorious old brand that's looking more and more like General Motors." http://seekingalpha.com/news/market_currents/post/37787?source=feed#comment-794249 794249 Mon, 07 Dec 2009 10:52:04 -0500 Is December the New January for Small Caps? http://seekingalpha.com/article/176818-is-december-the-new-january-for-small-caps?source=feed#comment-794127 794127 Mon, 07 Dec 2009 10:04:25 -0500 The White House has seen signs that the U.S. unemployment rate to be announced on Friday "might tick upward," spokesman Robert Gibbs says ahead of tomorrow's NFP data. Some economists have boldly predicted an uptick in payrolls. http://seekingalpha.com/news/market_currents/post/37598?source=feed#comment-788421 788421 Thu, 03 Dec 2009 10:25:00 -0500 Liz Claiborne May Restore Some of Its Luster http://seekingalpha.com/article/176148-liz-claiborne-may-restore-some-of-its-luster?source=feed#comment-787080 787080 Wed, 02 Dec 2009 16:16:19 -0500 S&P (unsurprisingly) downgrades all six of Dubai's government-related entities. And what you call a "standstill," S&P calls a "default." http://seekingalpha.com/news/market_currents/post/37541?source=feed#comment-786887 786887 Wed, 02 Dec 2009 15:09:00 -0500 All Eyes on Employment http://seekingalpha.com/article/176086-all-eyes-on-employment?source=feed#comment-786634 786634 Wed, 02 Dec 2009 12:39:17 -0500