Comments on: The Stock Market and Insider Buying http://www.jodyeisenman.com/2009/01/the-stock-market-and-insider-buying/ Words of insight on the financial markets from the CEO of Perrin, Holden & Davenport Capital. Mon, 09 Jan 2012 20:26:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Paul http://www.jodyeisenman.com/2009/01/the-stock-market-and-insider-buying/comment-page-1/#comment-92 Paul Sat, 24 Jan 2009 02:16:15 +0000 http://www.jodyeisenman.com/?p=222#comment-92 Call me crazy, but I think that this 8000 Dow is bottom bumping on the second trough. I said in a previous post (http://www.jodyeisenman.com/2008/11/28/is-the-recent-stock-rebound-sustainable/#comments) that there would be [1 or ] 2 more, so I'll count this as one of those two. I expect a third of course, and that'll probably be in 3 months or so. At the start of all this was the deleveraging of the hedge funds. Last time was lead by deleveraging of investment firms, this time by the banks that wanted to be investment firms. The next time, I don't really know. Maybe by the companies that can't get a loan because the banks and investment firms are being stingy. I'm an observer, not an economist. Call this what you will. Call me crazy, but I think that this 8000 Dow is bottom bumping on the second trough. I said in a previous post (http://www.jodyeisenman.com/2008/11/28/is-the-recent-stock-rebound-sustainable/#comments) that there would be [1 or ] 2 more, so I’ll count this as one of those two. I expect a third of course, and that’ll probably be in 3 months or so.

At the start of all this was the deleveraging of the hedge funds. Last time was lead by deleveraging of investment firms, this time by the banks that wanted to be investment firms. The next time, I don’t really know. Maybe by the companies that can’t get a loan because the banks and investment firms are being stingy.

I’m an observer, not an economist. Call this what you will.

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