Archive - Jan 28, 2009

Tyler Durden's picture

Whither Hyperinflation





It seems there are two sorts of people out there right now: those who say that no matter how much money the government throws at every problem it will never result in hyperinflation, and those that say that hyperinflation is now an inevitability regardless of what actions are taken fr

 

Tyler Durden's picture

Whither Hyperinflation





It seems there are two sorts of people out there right now: those who say that no matter how much money the government throws at every problem it will never result in hyperinflation, and those that say that hyperinflation is now an inevitability regardless of what actions are taken fr

 

Tyler Durden's picture

Allstate Earnings: Ooops





The real first black president (David Palmer) couldn't save this one.

*ALLSTATE SUSPENDED SHARE BUYBACK
*ALLSTATE INSURANCE HAS CAPACITY TO PAY DIVIDENDS $1.3B
*ALLSTATE SUSPENDED SHR BUYBACK PLAN
*ALLSTATE HAS $12.6B CAPITAL AT YEAR END 2008
*ALLSTATE 4Q OPER INCOME PER SHARE 97C; ANALYST EST. $1.
*ALLSTATE REMAINS WELL CAPITALIZED
*ALLSTATE 4Q PROPERTY-LIABILITY COMBINED RATIO 91.5
*ALLSTATE 4Q OPER EPS $0.97

 

Tyler Durden's picture

Expected Market Sector Growth Rates





With almost half the S&P having reported their earnings, we know all too well how bleak the employment picture is with a daily barrage of "streamlining" bullet points in each company's earnings press release. Another interesting factoid is to compare the estimated earnings growth rates of different companies by sector, whether based on company guidance or consensus estimates. What is surprising is the nearly 80% drop in the estimated growth rate for the S&P500 from only 3 months ago.

 

Tyler Durden's picture

Expected Market Sector Growth Rates





With almost half the S&P having reported their earnings, we know all too well how bleak the employment picture is with a daily barrage of "streamlining" bullet points in each company's earnings press release. Another interesting factoid is to compare the estimated earnings growth rates of different companies by sector, whether based on company guidance or consensus estimates. What is surprising is the nearly 80% drop in the estimated growth rate for the S&P500 from only 3 months ago.

 

Tyler Durden's picture

Republicans Throwing Cog in the Democratic Wheel





Breaking on CNBC: Republicans to present alternative stimulus plan which will "create double the amount of jobs in the currently proposed plan." Enter stage left: partisan wrangling.

And just when you thought the market has enough on its mind to worry about politics.

 

Tyler Durden's picture

The Roulette That Is The Massively Disconnected Market Keeps On Spinning





I assume I am not the only one watching the big game of roulette on CNBC right now (i.e. the market). For all those clicking the buy button on E-Trade with the reckless abandon of Gary Busey doing... well, anything he does, we want to point out this interesting analysis on FT Alphaville.

 

Tyler Durden's picture

The Roulette That Is The Massively Disconnected Market Keeps On Spinning





I assume I am not the only one watching the big game of roulette on CNBC right now (i.e. the market). For all those clicking the buy button on E-Trade with the reckless abandon of Gary Busey doing... well, anything he does, we want to point out this interesting analysis on FT Alphaville.

 

Tyler Durden's picture

Fed Rate Kept at 0%; FOMC Full Statement; Vague On Treasury Purchases





Release Date: January 28, 2009

For immediate release

The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.

 

Tyler Durden's picture

Private Equity Firms About To Get In Line For TARP Handouts





It The Boston Consulting Group and Nassim Taleb are right, and the latter has been right over the past 2 years where everyone else has been massively wrong, then private equity firms are about to get in line for government bail outs.

 

Tyler Durden's picture

Ari Kiev On CNBC Right Now, Providing Profound Psych Insight For Free





"Don't focus on the drawdown... The market will rebound...Look for the ephemeral truth."
This stuff is priceless.

 

Tyler Durden's picture

More about Wall Street's Deluded Distressed Investing Crowd





Overpriced, rumormongerous tabloid Debtwire (just kidding, we love our competition) apparently had a little extra free time and did a survey in which it polled "100 hedge fund managers, prop desk traders and other asset managers" to forecast how they perceived distressed debt opportunities in 2009 (we were not aware there are 100 specimens of this endangered species left out in the wild...it might make sense to put th

 

Tyler Durden's picture

More about Wall Street's Deluded Distressed Investing Crowd





Overpriced, rumormongerous tabloid Debtwire (just kidding, we love our competition) apparently had a little extra free time and did a survey in which it polled "100 hedge fund managers, prop desk traders and other asset managers" to forecast how they perceived distressed debt opportunities in 2009 (we were not aware there are 100 specimens of this endangered species left out in the wild...it might make sense to put them

 

Tyler Durden's picture

New York Times To Cease Providing Monthly Revenue Updates





In a quest to "improve" transparency into its business, the New York Times will cease providing monthly sales updates beginning this month, and only give clarity on a quarterly basis said the CEO on a phone call this morning... Next quarter we assume this practice will be adjusted to providing any sorts of updates to once a decade.

 

Tyler Durden's picture

New York Times To Cease Providing Monthly Revenue Updates





In a quest to "improve" transparency into its business, the New York Times will cease providing monthly sales updates beginning this month, and only give clarity on a quarterly basis said the CEO on a phone call this morning... Next quarter we assume this practice will be adjusted to providing any sorts of updates to once a decade.

 
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