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David Sebastian

David Sebastian
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  • The New Battle Cry: Inflation Or Bust [View article]
    "Never say never" quote was taken out of context. You should actually go and listen of how it was stated.
    Oct 31, 2014. 04:03 PM | Likes Like |Link to Comment
  • The No. 1 Force Driving The Markets Today: Fear [View article]
    I am sorry, but how can it be that price never matters. And that global monetary policy is irrelevant. Markets like trees don't grow to the sky!
    Oct 24, 2014. 04:02 PM | Likes Like |Link to Comment
  • Apple event kicked off, iPhone 6 introduced [View news story]
    who cares! What does the "new gadget cost"?
    Sep 9, 2014. 01:56 PM | Likes Like |Link to Comment
  • Sell-side weighs in on Starbucks [View news story]
    Bottom line, and I know it is trite, but I am not going to pay $2.25 for a grande coffee. ($2.25 x 20 x 12 = - $540 per year) It's not that I can't afford it, l'll just do without. And I was frequenting one of their top stores in Summit, NJ. I still drink Starbucks coffee, but I make it at home.
    Jul 25, 2014. 12:19 PM | Likes Like |Link to Comment
  • Market Timing Report: Risk Soars As Bond Spreads Collapse [View article]
    70% of 1950 equals 1365. Ouch! When will folks learn that investment returns are not linear?
    Jun 16, 2014. 01:22 PM | Likes Like |Link to Comment
  • Trulia rises following positive traffic data; Zillow also up [View news story]
    I am sorry, tell me again how they make money?
    Jun 13, 2014. 11:42 AM | Likes Like |Link to Comment
  • Junk bonds make another run at sub-5% [View news story]
    This is not a "High Yield" Market. It is a "Low Yield" Market. "Investors" if we can call them that, are not being compensated for their risk taking. This along with Senior Loans are the most "bubblish" markets today! When the markets correct, and they will, crappy companies with negative cash flows can default just as easy with 5% bonds as with 10%.
    Jun 10, 2014. 02:13 PM | 1 Like Like |Link to Comment
  • Is Q1 GDP Data Misleading Us? [View article]
    Let's be serious for a moment. Get the Fed, Bank of Japan, and ECB out of the "Miracle Grow Business" and we'll see where the "real economy is." Market's like the real world are not "linear" they have functioned well in the past with "normal cyclicality." When are the grownups going to show-up and acknowledge that monetary policy has gotten drastically of course!
    May 29, 2014. 03:01 PM | 4 Likes Like |Link to Comment
  • Tracking David Tepper's Appaloosa Management Portfolio - Q1 2014 Update [View article]
    "Increased 13.55%" Is that the investment return for the period or simply the increase in the size of the fund as monies were added?
    May 22, 2014. 12:40 PM | 1 Like Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    Sell off in the Bond Market Yes! But which bond market? High Yield Debt or in today's case Low Yield Debt. What troubles me is that no one cares about orderly markets when they are going up, but what about when they go down? Has anyone given any thought to who is going to step in and support the marginal distribution of this expensive paper. There are only a couple of major investment banks left. This period reminds me of a Long-Term Capital / Asian Market Debt collapse. It can get ugly extremely fast! Especially with leverage. And when it starts it will take down commodities and the US & Global equity markets.
    Jun 11, 2013. 12:07 PM | 1 Like Like |Link to Comment
  • Is The 'Fed Rage' Unwarranted? [View article]
    The Bubble is in Credit. Beware of the blind spot. High yield credit at under 5%??? Give me a break. Don't pay attention to the relative spreads it's absolute returns versus risk that folks should be looking at.
    May 10, 2013. 01:50 PM | Likes Like |Link to Comment
  • Is The 'Fed Rage' Unwarranted? [View article]
    Stability / Instability for who??? Is it for the entire system? Is it for the owner of assets? Or the owner of the liabilities? To me it has become clear that current policies only benefit the affluent at the expense of the system. My clients don't believe that they are getting richer today even though there stock portfolio is going up. They are starting to believe that the system is out of control and at some point there will be real chaos. Bernanke is an academic. I now that many other have uttered the words, but this will not end well......
    May 10, 2013. 01:36 PM | 2 Likes Like |Link to Comment
  • Trend-Topping Tuesday: Too Tough To Turn The Tide? [View article]
    Phil. All I can say is that "generally" your comments seem well thought out and blanced from an investment perspective---weighing in on pros and cons. I would argue now that your article has gotten a wee bit euphoric! Deep down I'm an optimist too. But I have learned is all about the price you pay and the value of safety you build in to your investment / risk models. After four years of battling against the bears, it feels like a good time to let some stuff go. You got to know when to hold em, know when to hold em, no when to walk away, know when to run....Phil, how much do you want, because my clients are already ahead of the game?
    Feb 12, 2013. 01:37 PM | Likes Like |Link to Comment
  • Wednesday Wheeee! Oil $95.50 And Falling [View article]
    One thing I am certain of after 34 years in the business is that I am not the smartest guy in the room. However, over that time I have aquired a little wisdom. An assumption that a lot of folks are making is that investors haven't been participating the last 4 years in the markets recovery. I think that is inacurate. Listen, all of the tables at the Casino have been hot. My clients are ahead of the game. As a prudent manager of risk I am supposed to be conveying to them that "trees don't grow to the sky." That they should be re-balancing or "de-risking." They need to be selling into this latest liftoff. HAve we learned nothing???
    Feb 6, 2013. 12:24 PM | Likes Like |Link to Comment
  • Extended Unemployment: Initial, Continued, And Extended Unemployment Claims - Jan. 24, 2013 [View article]
    What has been happening over the last year to workers going out on Long-Term Disability? Are workers leaving the Long-Term Unemployment Rolls and going onto the Long-Term Disability Rolls which would actually be worse?
    Jan 24, 2013. 12:10 PM | 1 Like Like |Link to Comment
COMMENTS STATS
17 Comments
11 Likes