links for 2010-12-13

EARLY LOOK: Mandelbrot Math (Hedgeye Blog) Altogether, if you take the beginning and end of 2010, you can draw plenty of conclusions that are now crystal clear. From my global macro model’s vantage point, the deep simplicity of all of these global macro factors and what they mean prospectively to the global markets remains as … Read more

S&P 500 Likely to Sustain Upward Momentum

The S&P 500 printed fresh 2-year highs last week with decent volume. This marks a successful follow-through to the breakout from November’s trading channel. Given the index is now tagging the upper-Bollinger Band, it is even more likely that this move will be sustained, at least in the short-term. The longer-term chart suggests that the … Read more

Earnings Recap for GT Solar As Wunderlich Heaps Praise

NOW I better understand Wunderlich Securities’s bullish case for GT Solar (SOLR). When I wrote December 1 about how diversification into sapphire crystallization systems (used in the manufacture of LED products) is paying dividends for SOLR, I noted my confusion over Wunderlich’s reiteration of a buy rating on SOLR. That reiteration came at the same … Read more

Recapitalization Plan Sinks Evergreen Solar

Evergreen Solar’s balance sheet is a common concern in nearly every earnings conference call. After reviewing earnings on November 4, I concluded that Evergreen Solar (ESLR) “remains a very speculative bet on survival.” After Monday’s announcement of a major recapitalization plan, it is clear that ESLR’s balance sheet remains in precarious shape. The recapitalization plan … Read more