The Last Bubble Standing – Amazon’s Same Day Trip Through The Casino – David Stockman’s Contra Corner 07-27-15

David Stockman writes: Amazon’s valuation, its one day gain and last week’s Google gain are reminiscent of the days before the tech wreck 15 years ago. The 12 Big Cap Techs of 2000 saw their peak combined valuation of $3.8 trillion plunge to $875 billion a decade later, even as their sales

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Take Cover – Wall Street Is Breaking Out The Bubblies – David Stockman’s Contra Corner 07-20-15

Salient to Investors: David Stockman writes: Google’s unwarranted market cap gain last Friday – 75% of the 9.6% gain in net income from the prior quarter was due to a lower tax rate and a cutback of ballooning G&A expenses – easily passed in one day the entire $50 billion market cap of Caterpillar, though only

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Morgan Says Buy Russia Stocks Seven Weeks After Sell Call – Bloomberg 10-20-14

Salient to Investors: Ronan Carr at Morgan Stanley said they are tactically overweight Russian stocks – upped to Buy from Sell – and that the situation is not deteriorating and that worst case outcomes, like additional sanctions, now appear less likely.  JPMorgan Chase said Russian stocks are likely to extend

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BlackRock Sales in October Rally Signal Its Limits – Bloomberg 10-20-14

Salient to Investors: Peter Hayes at Blackrock said nobody really expects rates to rally significantly from here and everybody is waiting for a pullback. Hayes said the muni market is overpriced and said sell into strength and wait for better opportunities. Munis have rallied in each of the first 9 months

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Fidelity’s Rossi Buying Stocks as Hedge Funds Get Caught – Bloomberg 10-16-14

Salient to Investors: Dominic Rossi at Fidelity Worldwide Investment said: He is looking to buy markets at these levels, particularly US stocks, amid a sell-off exaggerated and exacerbated by poor positioning from hedge funds. Long-only investors had largely maintained their asset allocations, but there has been a massive contraction of

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U.S. Stocks Tumble as Russell 2000 Enters Correction – Bloomberg 10-01-14

Salient to Investors: Randy Bateman at Huntington Asset Advisors said investors have always relied on the Fed priming the pump, which ends this month so investors are moving focus to the many geopolitical situations and economic concerns. Economists forecast growth from Japan to China will slow every year through 2016. Tim Courtney at Exencial Wealth

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