Comments on: The Yuppie Bounce http://www.thereformedbroker.com/2009/08/30/the-yuppie-bounce/ Just another WordPress weblog Fri, 16 Dec 2011 16:06:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Yuppie Bounce & the Lemming Leap « Investing Caffeine http://www.thereformedbroker.com/2009/08/30/the-yuppie-bounce/comment-page-1/#comment-1020 The Yuppie Bounce & the Lemming Leap « Investing Caffeine Tue, 01 Sep 2009 11:13:48 +0000 http://thereformedbroker.com/?p=5371#comment-1020 [...] Brown over at the Reformed Broker recently wrote an excellent piece highlighting his so-called “Yuppie Bounce” example. Last winter, as all the discretionary consumer stocks (Joshua Brown calls them [...] [...] Brown over at the Reformed Broker recently wrote an excellent piece highlighting his so-called “Yuppie Bounce” example. Last winter, as all the discretionary consumer stocks (Joshua Brown calls them [...]

]]> By: sidoxia http://www.thereformedbroker.com/2009/08/30/the-yuppie-bounce/comment-page-1/#comment-1018 sidoxia Mon, 31 Aug 2009 02:28:33 +0000 http://thereformedbroker.com/?p=5371#comment-1018 Don't have much to add. Great piece. Hit the nail on the head. Following the herd leads you to the slaughterhouse...Wade Don't have much to add. Great piece. Hit the nail on the head. Following the herd leads you to the slaughterhouse...Wade

]]> By: Baruch http://www.thereformedbroker.com/2009/08/30/the-yuppie-bounce/comment-page-1/#comment-1017 Baruch Sun, 30 Aug 2009 17:20:42 +0000 http://thereformedbroker.com/?p=5371#comment-1017 Rock on, Josh. I remember Goldmans was in the forefront of the new "no brand" stock investing thesis, where we would all be too poor to buy anything but porridge, and supermarket own brand, not Quaker Oats or anything posh like that. And you write this: "Any time you have the concoction of too many shorts, too much cash on the sidelines and stocks selling for below their replacement values, the mechanics of the market can easily trump the fundamentals of a particular company. I’m certainly not postulating that urban professionals are in better shape than their discount chain-shopping contemporaries, I am merely saying that, at least in the short term, economic trends do not always translate into an investable thesis." I think you are right here again. Fundamentals aren't the only thing that move stocks. But I'm beginning to thnk that maybe the fundamentals for Starbucks and branded stuff weren't that bad either. ie the yuppies weren't actually that poor all of a sudden. What if it was all a massive over-reaction? Wouldn't have been the first time. . . <strong>TRB: Exactly what I'm thinking...but let's see if this reverses on worsening conditions, should they come. THX!</strong> Rock on, Josh. I remember Goldmans was in the forefront of the new "no brand" stock investing thesis, where we would all be too poor to buy anything but porridge, and supermarket own brand, not Quaker Oats or anything posh like that.

And you write this:

"Any time you have the concoction of too many shorts, too much cash on the sidelines and stocks selling for below their replacement values, the mechanics of the market can easily trump the fundamentals of a particular company.

I’m certainly not postulating that urban professionals are in better shape than their discount chain-shopping contemporaries, I am merely saying that, at least in the short term, economic trends do not always translate into an investable thesis."

I think you are right here again. Fundamentals aren't the only thing that move stocks. But I'm beginning to thnk that maybe the fundamentals for Starbucks and branded stuff weren't that bad either. ie the yuppies weren't actually that poor all of a sudden. What if it was all a massive over-reaction? Wouldn't have been the first time. . .

TRB: Exactly what I'm thinking...but let's see if this reverses on worsening conditions, should they come. THX!

]]> By: Sunday links: the new frugality Abnormal Returns http://www.thereformedbroker.com/2009/08/30/the-yuppie-bounce/comment-page-1/#comment-1019 Sunday links: the new frugality Abnormal Returns Sun, 30 Aug 2009 14:57:27 +0000 http://thereformedbroker.com/?p=5371#comment-1019 [...] “But a funny thing happened on the way to the new frugality…this advice was the exact opposite of what actually worked for the ensuing 6 month period!”  (The Reformed Broker) [...] [...] “But a funny thing happened on the way to the new frugality…this advice was the exact opposite of what actually worked for the ensuing 6 month period!”  (The Reformed Broker) [...]

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