March 2007 - Posts

• Dave's Daily Market Comment 03 29 07

  Thursday, March 29, 2007 11:13 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 29, 2007 Let’s not be kidding around, today was a window dressing exercise. [Like the image--not a great effort.] Isn’t that against the rules now? Yes, but ask Cramer about rules enforcement please Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 28 07

  Wednesday, March 28, 2007 10:50 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 28, 2007 Bee-Gee Days Were More Fun I just can’t help it--I love this image. I had more fun back then too, didn’t you? Anyway grown-up and serious Ben had another moment to spin his yarn about what’s good and not so good about the economy Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 27 07

  Tuesday, March 27, 2007 10:49 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 27, 2007 Homebuilder’s having some problems? And, here I thought they were “value plays” according to some prominent Wall Street analysts. The one thing that seems so amazing is that no one seemed to take seriously any of the warnings, not to mention insider selling, issued by CEOs of all these firms Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 26 07

  Monday, March 26, 2007 10:58 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 26, 2007 I was worried about the escalating Iranian situation over the weekend and it seems Mr. Market was too--well, sort of. More damaging in the early going was crummier home sales data that missed forecasts by a wide margin Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 22 07

  Thursday, March 22, 2007 10:51 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 22, 2007 We’ve been dancing around the issue of market manipulation and still we don’t have any evidence of any direct current or past market intervention by the Treasury or the Fed. We’ve just been observing their policies combined with open market operations they conduct in the context of modern primary dealer structures Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 21 07

  Wednesday, March 21, 2007 11:02 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 21, 2007 Smart money? Or just money? It’s an interesting thought but probably just a waste of time to ponder. I saw this article today here and I thought maybe market insiders are going thru some clinical trial for this new drug that helps you forget painful events from the past Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 20 07

  Tuesday, March 20, 2007 10:46 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 20, 2007 Michael Malone, trading analyst at Cowen & Co. opined today that deal making is returning after a few weeks of absence signifying “a sign that confidence is returning to the marketplace” Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 19 07

  Monday, March 19, 2007 10:47 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 19, 2007 We’re up sharply today because subprime issues were subdued, overseas markets were higher [leading the way?] and M&A deals were back to the forefront. I would add perhaps another reason--with two weeks left to end the quarter there are always incentives for portfolio managers to do some window dressing Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 15 07

  Thursday, March 15, 2007 10:28 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 15, 2007 Who are we to argue with government policy? If the powers that be believe printing money like a Kinko’s on steroids will cure whatever ails the markets, so be it. The fact is that’s just what they’re doing Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 14 097

  Wednesday, March 14, 2007 11:08 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 14, 2007 The following graphic outlines Treasury lending activity. As you can see it has been pretty quiet there for over a month. Today however, they tossed in some serious money to their primary dealer network as the markets were declining today Read More Posted by fryguy 1 Comments Go to top

• Dave's Daily Market Comment 03 13 07

  Tuesday, March 13, 2007 11:11 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 13, 2007 We thought Goldman Sachs earnings would be the major focus today and they were briefly, but mortgage market problems took center stage, and problems there blew-up the stock market today. Further, delinquent payments on mortgages reached their highest level [4 Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 12 07

  Monday, March 12, 2007 10:39 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 12, 2007 If you’re holding a subprime mortgage either as a homebuyer or lender you must be wondering why. Greed knows no bounds as homebuyers think they can buy a rising asset on the cheap and lenders believe they can lay-off these loans indefinitely Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 08 07

  Thursday, March 08, 2007 10:17 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 8, 2007 The Fed has been conducting 1 day repurchase agreements [“repos” or short-term loans] for much of the past week in amounts ranging from $4-7 billion. These funds are bid for by the primary dealer network and recently have been done beneath the Fed Funds rate Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 07 07

  Wednesday, March 07, 2007 10:36 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 7, 2007 EYE OF THE STORM Things were a little calmer today, but we should expect more volatile conditions ahead. There was some good and bad news today. First the good news: the Fed’s Beige Book noted economic weakness which for equity bulls meant the Fed may cut interest rates sooner rather than later Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 06 07

  Tuesday, March 06, 2007 10:35 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 6, 2007 Markets were severely oversold coming into today and a rally was likely. Have we seen the bottom then? It’s really hard to say since the news hasn’t changed much. In fact, much of the economic news today was lousy ranging from declining factory orders, poor productivity and employment costs and Bernanke comments that portfolios held by Fannie Mae and Freddie Mac “continue to represent a potentially significant source of systemic risk” These negative news items were brushed aside in a buying panic Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 05 07

  Monday, March 05, 2007 11:07 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 5, 2007 “And, I’m pleased that we have a strong team. And the president’s working group, Ben Bernanke, Chris Cox, Reuben Jeffrey and I have spent a lot of time just thinking through [potential financial crisis’]… We spend a lot of time getting prepared Read More Posted by fryguy 0 Comments Go to top

• Dave's Daily Market Comment 03 01 07

  Thursday, March 01, 2007 10:28 PM

  David Fry ( ETF Digest ) Submits: MARKET COMMENT March 1, 2007 "We regret yesterday's unprecedented events and are taking remedial actions to prevent their recurrence, but we have no reason to believe any investors were harmed." Dow Jones Statement We’re not in the PR business and the above comment with associated graphic says neither is DJ Read More Posted by fryguy 0 Comments Go to top

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