Seeking Alpha

nightfly

nightfly
Send Message
View as an RSS Feed
View nightfly's Comments BY TICKER:
Latest  |  Highest rated
  • Bullish sentiment, up from 19% in March to a current 38%, is still short of the August peak of 51%, and well off the 58% seen in 2007. Analysts say the levels suggest stocks still have room to run.  [View news story]
    Forgetting the index levels and even discounting the current bear market/2008 mess/messy future and looking only at individual stocks I think the market is highly highly over-values. Tech especially - only need to look at AAPL and AMZN for a glimpse. IOC is a poster child for this rally.
    Dec 24, 2009. 01:12 PM | Likes Like |Link to Comment
  • The final GDP revision means that earlier estimates were as much as 50% over on the high side; why so far off? And more to the point, aren't those missed components bad omens for the future? Eddy Elfenbein charts a trend line, dividing GDP by historic 3.08% growth to compare with past decades - and it looks poor.  [View news story]
    Just more evidence that this market is govt engineered/driven and what will happen once they are forced to exit? My guess is that they will never exit.
    Dec 22, 2009. 02:26 PM | 1 Like Like |Link to Comment
  • The Economic Cycle Research Institute's weekly gauge of future growth rose again, to summer 2008 levels, on strength in commodities. The forecasters' Weekly Leading Index gained to 130.7 from the prior week's 130.2, and its growth is accelerating - to 24.7% annualized.  [View news story]
    Absolutely meaningless.
    Dec 18, 2009. 11:53 AM | 2 Likes Like |Link to Comment
  • More from the Fed statement: Key language on rates and inflation expectations was the same as last month, but with some more upbeat words on recovery. Deterioration in labor markets abating; housing improving; financial market conditions are supporting growth. Most special liquidity facilities will expire on time, Feb. 1.  [View news story]
    Why exactly should we believe these pompous fools now? When have they ever been accurate or even in the ballpark? More fodder for the news grinder.
    Dec 16, 2009. 02:33 PM | 2 Likes Like |Link to Comment
  • Fed Open Market Committee: Few surprises, unanimously voting to maintain rates at zero to 0.25%, anticipating conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period." Gradually slowing purchases of agency MBS and agency debt, still on track to wrap by end of first quarter.  [View news story]
    I never been more disappointed in our elected and appointed leaders. If the public had the balls of our grandfathers, we wouldn't be fearing the big banks - they would fear us.
    Dec 16, 2009. 02:26 PM | 3 Likes Like |Link to Comment
  • More defaults are coming on credit cards and mortgages over the next six months, according to FICO (FIC) CEO Mark Greene, who says "I’m a notch less sanguine than some financial observers are." He sees borrowers changing the order of bill payment - credit cards and auto loans before mortgages - and thinks card reform presents a business opportunity for FICO and its scoring.  [View news story]
    Clearly Mark Greene didn't get he memo: 2008 didn't happen; all is well; nothing to see here; moving along...
    Dec 11, 2009. 01:54 PM | Likes Like |Link to Comment
  • Credit Suisse (CS) looks at exports, retail sales and the first gain in inventories in a year and raises its fourth-quarter GDP call to 4.5% from 3.5% - which would make it the strongest quarter in almost four years. Stockpiles alone should add almost three points to growth, says bank economist Jay Feldman.  [View news story]
    This just in: pigs will grow wings and fly in 2010 supported by Credit Suisse "magic".
    Dec 11, 2009. 01:38 PM | Likes Like |Link to Comment
  • 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."  [View news story]
    I see, when the charts support your views, you listen, but when they don't you disregard.

    That is the definition of "sheeple". Good luck perma-bulls!


    On Dec 11 01:18 PM Niner wrote:

    > Opinions, opinions, opinions. I for one am not going to sell the
    > farm because of this man's opinion. I'm just going to try and be
    > more alert to market conditions. there was a 5 year rally from june
    > 02 till jan 08 according to the charts I have. According to that
    > this one has just barely got started. I'm not going to sell the
    > farm on that either!
    Dec 11, 2009. 01:27 PM | Likes Like |Link to Comment
  • 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."  [View news story]
    You're exactly the kind of fool that markets slaughter - good luck out there perma-bulls!


    On Dec 11 01:02 PM FISABEL wrote:

    > whatever...who cares what this fool thinks
    Dec 11, 2009. 01:07 PM | Likes Like |Link to Comment
  • CIT Group (CIT) up 10% on its first trading day since emerging from bankruptcy. Exiting after just 38 days seemed impossible a few months ago (and wouldn't have happened without vaporizing CIT's $2.3B government lifeline), but significant questions remain for the refashioned 101-year-old lender.  [View news story]
    That's a good description of this market as well - a farse.
    Dec 10, 2009. 11:53 AM | 1 Like Like |Link to Comment
  • More from Bernanke's FAQs: A fundamental crisis cause was firms (and regulators) underappreciating risk; we can better avoid future crises with some unsparing self-assessments for regulators, and tougher regulations. Stress tests provided lessons learned on systemic risk. Congress should create a new resolution regime for giant firms, and a systemic oversight council.  [View news story]
    Hasn't Ben proved time and time again that he knows nothing. Do we have to review the various videos of him saying "crises contained within subprime..." etc.? Jeez.
    Dec 7, 2009. 01:25 PM | 1 Like Like |Link to Comment
  • While many of the ideas coming out of the jobs summit are long-term debt neutral, many will require some initial spending, and why not use leftover TARP money that's coming back in? Because it's unethical at best, says Daniel Indiviglio - and at worst, illegal.  [View news story]
    They should just give all the money to wall street and get it over with.
    Dec 3, 2009. 08:29 PM | Likes Like |Link to Comment
  • On a day expected to be full of bruises for Bernanke, the statement from Sen. Jim Bunning - the only senator who voted against the Fed chairman's original confirmation four years ago - is still a standout, calling Bernanke's Fed a "creature from Jekyll Island" and going on: "Rather than making management, shareholders, and debt holders feel the consequences of their risk-taking, you bailed them out. In short, you are the definition of moral hazard."  [View news story]
    MarketGuy. I completely agree. He and Ron Paul are the only reasons to continue to believe that govt isn't all bad and owned by Wall Street.

    What happened to our revolutionary ways/heritage. I couldn't imagine our grandfathers putting up with crap like helicopter Ben's.
    Dec 3, 2009. 03:41 PM | 4 Likes Like |Link to Comment
  • More rapid developments from GM, which says that it may reinstate some dealers scheduled for closure. A new plan will detail the company's decision criteria and provide for face-to-face reviews for dealers still under agreement.  [View news story]
    It's amazing how quickly those failed businesses divert from the path of becoming stable to the old path of "too many dealers", etc. Pretty soon the union's will be striking to get their cut of the govt dole.

    We are just repeating the cycle that got us here in the first place instead of taking our medicine and FIXING the problems by letting bad businesses fail; bad decisions actually have repurcussions, etc.
    Dec 3, 2009. 03:00 PM | 1 Like Like |Link to Comment
  • FDIC chief Sheila Bair says she may ask lenders to cut principal payments on mortgages they get from seized banks, rather than cutting interest or deferring principal. Separately, Bair advised caution on allowing TARP repayments too quickly, warning there won't be more government support for big financial firms going forward.  [View news story]
    Oh, yeah, I believe that. Our govt is propping up and will continue to prop up any industry/company that's has its hooks in white house.
    Dec 3, 2009. 02:56 PM | Likes Like |Link to Comment
COMMENTS STATS
1,017 Comments
1,697 Likes