The Big Picture (Free subscription) | 11/24/2008
Who’s Your Daddy? Peter Boockvar, Miller Tabak After the Citi news, it’s perfectly clear if you’re a bank but it’s been obvious though for a while now, Paulson and Bernanke and Geithner will share custody of the problem children soon. In reality, it’s the taxpayer and based on the action in gold today and in the past [...]
The Big Picture (Free subscription) | 11/25/2008
... that is the lowest since mid-September, right after the FNM/FRE conservatorship idea was floated. Peter Boockvar notes: “The irony as I’ve ranted in the past of the path the Fed has gone down is that too much borrowing and not enough savings got us into this mess and with savings accounts now paying peanuts due to a 1% ff and the Fed trying to force interest rates lower to get people...
The Big Picture (Free subscription) | 10/27/2008
My friend Peter Boockvar has a nice quote in this morning's NYT article, Forecasters Race to Call the Bottom to the Market . The article discusses various extreme forecasts of the past: Bears like Owen Lamont (Dow 1,000), Nouriel Roubini, Peter Schiff, and Bulls such as Kevin A. Hassett and James K. Glassman (Dow 36,000), and even Elaine Garzarelli (she's now a permabull, but in...
Cuba Journal (Free subscription) | 10/24/2008
Dow Average May Sink to 5,000, Boockvar Says: Chart of the Day By Thomas R. Keene and Ken Prewitt Oct. 23 (Bloomberg) -- The Dow Jones Industrial Average may sink as low as 5,000 next year, a 41 percent decline from its current level, according to Peter Boockvar of Miller Tabak & Co. ``The market's going to overshoot on the downside,'' Boockvar said in a Bloomberg Radio...
CNNMoney.com (Free subscription) | 10/28/2008
... in the early part of the Great Depression, in September 1931, when the S&P 500 lost 29.94%.But Peter Boockvar, equity strategist for Millar Tabak, said that while the percentage decline of October 2008 is similar to "awful" drops seen in 1987 and the 1930s, the similarities end there. "The economic backdrop was a little different with each scenario," he said.This month has brutal...
