FavoriteSun
Hate to say we told you so…but, we told you so
Go ahead and check the earlier post. For over 6 months, we here at FavoriteSun have been saying: ”There aint no money in EURO-land.” I know—the stock market has continued to rise. Heck, I even heard Cramer say we are in a new bull market. Yes, there are signs of recovery. But, the skeptics here at … Continue reading
Here We Go: Another Municipal Bankruptcy
Yep. We know what you will hear on the popular news channels—this is only #4 for the year. Oh that’s not that bad. Its certainly not the 100s Meredith Whitney or the popular market site, StockMarketShorts.com—but, as they say, it’s early. So, what does this mean? I think its pretty clear—tax revenues and accessible lag the economic cycle. … Continue reading
Cash on white, hold the Greece
Please tell me your kidding? The market is rallying today on the Greece situation as well as a European rate cut. Forget the fact that Japan cut rates for over a decade and hasnt been able to fuel growth on the backs of its savers. And, forget the fact that Greece’s GNP is less than … Continue reading
Not So Fast: Meredith Whitney may yet be right
Meredith Whitney shocked the world a little over a year ago on CBS’s 60 minutes with her prediction that municipal bonds would default at record levels. Municipal Bonds are thought of a very safe investment due to the fact most issuers have “taxing powers” that allows the issuer to raise money even in poor economic times. … Continue reading
BUSINESS: Are You Kidding?
OK. The market rips higher today on the fact that the French and Germans stated this weekend they would bail out the banking system in the Euro-zone. So, let me get this strait, the Banks which are in trouble largely from investing in Euro Sovereign Bonds (read that, “Government” Debt) will be saved by the … Continue reading