Todd Sullivan | TalkMarkets | Page 3
Hedge Fund Manager, Blogger and Angel Investor
Contributor's Links: ValuePlays Rand Strategic Partners
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future ...more

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Government In Full Panic Mode Over Howard Application In Fannie Case
This is pretty amazing stuff. Fairholme announced the hiring of J Tim Howard, former CFO of Fannie Mae ($FNMA) until 2004. They then petitioned the court to allow him to view documents covered in the protective order.
Job Data Continues To Indicate More Equity Gains
Even though the Fed and geopolitics have kept the 10yr Treasury rate low(similar in Germany, Italy and etc), home building and construction has been inching higher with specific and general improvement in employment and of course equity prices.
Auto Sales Indicated Increasing Employment Ahead
Some will complain that this week’s reports are ‘awful’, but I think this comes from having to get some media face time and following the consensus which so many do.
Continental Western Ruling Immaterial To Fairholme Case
This is a classic example of Wall St. not taking the time to delineate between the two cases. This has caused $FNMA $FNMAS to sell off over the last few days.
Rail Traffic Continues To Impress
Total N. American rail traffic continued its upward march last week hitting 756k carloads, easily becoming the single best week since I began tracking the series in 2009.
Economic Data Stronger Than Media Portrays
If you listen to the media, the recent reports on Retail Sales and Personal Income would tempt you to run to a cave somewhere deep in the woods.
S&P 500 Intrinsic Value Rises To 2003
We are at that point in the economy and market prices where there are still many positives yet to unfold but with a substantial number of investors who would like to participate in equity returns still gun-shy of the correction of 2008-2009.
Residential Construction Employment Continues To Rise
We are getting steady growth in Residential Construction Employment. Because construction projects are typically financed(not paid for with cash), they tend to reflect the bank lending climate.
Employment Will Continue To Grow Pushing Market Higher…
There are a number of economic indicators for gauging the overall employment trend one can monitor.
Mortgage Lending Continues To Loosen….Nowhere Near Bubble Levels
The MCAI (Mortgage Credit Availability Index) is a new index designed by the Mtg Bankers Assoc to measure the availability of home mortgages to home buyers.
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