Wednesday, September 29, 2010 media appearance

Last Friday's interview has been published and posted today.

To view the interview, click here

Monday, September 27, 2010

Bloomberg radio appearance

In case you missed the Monday appearance on "Taking Stock with Pimm Fox", click here

Media appearance today: Bloomberg radio "Taking Stock with Pimm Fox"

Media appearance today on Bloomberg radio program "Taking Stock with Pimm Fox" at 4 PM (eastern).

Prospective talking points:

* There may be an enthusiasm gap in politics but there is certainly not one in the equity markets.
* The September relief rally has morphed into a more confidently bullish mode lifting valuation models well into overvalued territory.
* At to above average P/Es are now embedded in the data.
* Is the current environment average, which therefore justifies an average P/E of 15?
* Do the valuation math:
o current S&P 500 price: 1147
o required return: 11%
o future price (12 months ahead): 1273
o optimistic expected earnings (next 12 months): $86
o future price (1273) divided by exp. earnings ($86) = 15 P/E

Also, re enthusiasm - Cash levels at stock mutual funds are now at their lowest levels in decades. (see accompanying chart, click image to enlarge)

Plus market technicals - internal divergences have begun, no external divergences thus far.
Last time internal divergences occurred (early August), stocks dropped 8%.

Thursday, September 16, 2010

Simon Johnson

"A fiscal agenda that is sensible and a fiscal message that makes sense has to make banking front and center."
Simon Johnson

The consequences of public policy decisions are front and center in my very informative interview with the coauthor of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown and highly regarded commentator. In the interview we explore many vital issues - too big to fail, shadow banking system, securitization, Basel III, US fiscal debt, Elizabeth Warren.

To listen to the 14 minutes 11 second interview, click here

Monday, September 13, 2010

David Malpass

Tomorrow is primary day in New York state. One of the Republican candidates for senator is our guest - David Malpass, President of Encima Global and former Chief Economist with Bear Stearns. In a most informative way, the self described Reagan Republican makes his conservative case of limited government, tax and associated public policies for your consideration.

To listen to the 12 minutes 20 second interview, click here

Wednesday, September 8, 2010

Dr. Rob Atkinson

Will President Obama's economic proposals help produce a sustainable economic expansion? For this and other timely topics, we once again turn to the CEO and innovation expert with the Information Technology and Innovation Foundation to help identify the key elements of public policy that can most effectively enable the US to achieve sustainable economic growth.

To listen to the 12 minutes 28 second interview, click here

Friday, September 3, 2010 appearance: Friday, Sept. 3

Note: At the end of the video I commented re my attendance at The Juilliard School. To clarify, I attended and took several classes at the school but was not a matriculating student as my comment might imply.

Thursday, September 2, 2010

Yahoo Finance "Tech Ticker" appearance: Wednesday, Sept. 1

Yahoo Finance "Tech Ticker" appearance: Wednesday, Sept. 1

Jonathan Erlichman

Astute investors know that the financial media plays an essential role in the investment decision-making process. It is, therefore, most helpful to understand the process by which those in the financial media go about doing their work. To this end, listeners will find that the thoughts and insights offered by the well-respected markets reporter and anchor at Bloomberg TV to be most useful.

To listen to the 12 minutes 31 second interview, click here