Sonia Mirza

Freud, the Fed, and a Box of Chocolates

Since I have chocolate on the mind...what would be the lindt of automakers, anyone?

Freud, the Fed, and a Box of Chocolates

Nice hook. I saw chocolate in the title...

Fun article, valid points, except...with the analogy, there is no end (the kid will always want more chox...and this is cannot possibly continue ad infinitum - the interest rates falling)

A Few Reasons to Continue Equity Exposure

LOL

except, if you're referring to the kinda comet I think you are, there will BE no market left - since the Earth would have been destroyed, so even if you did cash out early, unless you could afford that flight out to another planet (and assuming we have running water, shelter, and electricity there) you might not get to enjoy your holdings anyway...

'Summer Doldrums' To Provide Trading Range with Slight Expansion

"Dow remains in an overbought state"

how do you measure this?

The Fed Drama Builds: Bank of England Makes Things More Interesting

I think you're not considering the fact that there is an ECB imposed inflation target (ceiling = 2%). Hence, looking at the UK economy alone doesnt give you the whole picture on why they might be raising rates. This has always been a source of tension for all EU members - the welfare of your nations economy doesn't always correspond 1:1 with what is best for the EU as a whole. They are presently over the 2.0 inflation ceiling, with a forecasted annual inflation rate for 2007 of 2.5

infer from this what you will, but to compare the uk economy/int rates with the us alone isn't apples:apples.

Time to Move from Euro to U.S. Equities -- JPMorgan

Disagree in the current environment. Yes, in general the US and USD is a safe haven. But a lot of support for this is due to global faith in the US mkts and USD. Of late, we have seen several CB's offloading their USD holdings (Saudi Arabia being one example - causing concern to those who know how much of their holdings are in USD). Obviously there are many macro and cyclical issues in play, but Euro markets aren't unattractive right now - yes the depreciation of the USD will eventually make it a more valuable proposition to return to the USD.

Something to think about: the outlook for Euro economies (DE/FR/UK) seems to be better (AZ conf call this morning). This in contrast to our "bear market? bull market? Are we going up? Are we going down? Is the market slowing? Recession? No recession?"...

John Hussman: 'Forward Operating Earnings' As Basis For Valuation Is a Fiction

ok, my bad. I re-read your title, and last line, and I guess you're saying the only way to justify prices is by considering Fwd Op. Earns, and this is wrong, therefore, stocks are overvalued as we stand. So I guess I agree?

John Hussman: 'Forward Operating Earnings' As Basis For Valuation Is a Fiction

Forward operating earnings are estimates - and should be treated as such. I never pay much attention to them, and if I do, I would look more at the underlying assumptions due to the positive bias of any forward looking statement/metric. Therefore, have to agree with Morales and this argument not making very much sense (or not convincing me), unless you're saying that the Price today can only be justified by the expectation of something hugely +ve coming to fruition in the future (and we don't know when what or why). This is a bit odd - AND, isnt that what the P/E multiple sort of tells us in a roundabout way?