Tuesday October 28, 2008 Navivest

Stocks put in a phenomenal day today, with the Dow, Nasdaq and S&P 500 surging 10.88%, 9.53% and 10.79% respectively. This is the second biggest point gain day on record. To put it in perspective, we saw percentage gains in one day that Wall Street would be satisfied with on an annual basis. The Dow rose 889.35points, the Nasdaq, 143.57 points and the S&P 500, 91.59 points.

This was despite the fact that we got the Consumer Confidence report for October that showed a dismal consumer confidence reading of 38, a full 14 points below the forecast of 52.

The Federal Reserve is meeting today and tomorrow and on Wednesday afternoon, will announce their latest interest rate decision. Wall Street is expecting that we will get a rate cut and that probably played into the big rally that we got today.

The rally was as broad-based as

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Track Insider buys by chairmen and directors at: http://trackthepros.com/stocks/category/659 Equity One’s chairman has spent $30 million in the past few weeks.

Recent Insider Activity

BUYERS:

COMPANY NAME INSIDERS NAME TITLE $ VALUE NO. OF SHARES IN TRANS. RANGE OF VALUES TRANSACTIONS DATES Equity One C. Katzman CB $9,214,996 559,400 16.28-16.67 Oct. 21-22, 2008 Landry’s Restaurants T. Fertitta CEO 8,433,990 728,595 11.41-11.72 Oct. 20-22, 2008 Blackrock J. Grosfeld D 2,486,760 20,000 122.95-125.73 Oct. 22, 2008 International Speedway B. France DO 1,101,610 40,000 27.33-27.75 Oct. 20-21, ...

“Our Timely Ten — our top ten current buys — is the best collection of high-quality stocks at or near historic low prices and high yields I have seen,” says Kelley Wright in IQ Trends.

http://trackthepros.com/stocks/category/1760

“Strictly from an information standpoint, this is the most confusing, contradictory and divergent period I can recall.

“I believe the market is telling us more work needs to be done. But while the bottoming process goes through its motions, the Undervalued category –  those stocks showing historic levels of undervaluation based on this dividend yields — continues to grow as real value is being created.

“As opposed to 2005 through 2007, there is now no reason to bottom fish for the hot turnaround. Rather, classic big names and yields are plentiful. So investors can stick with the highest quality.

“The Timely Ten is our reasoned expectation based on our methodology and experience for what we believe

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Clarium Capital ManagementClarium Capital | Peter Thiel Holdings AnalysisThis post is being written as part of my Investment Securities Tool which analyzes the holdings of hedge fund managers.Clarium is a $6 billion global macro hedge fund run by Peter Thiel, the co-founder of PayPal. Although they had a rough July (-6.8%), Clarium is still up over 45% year to date. Assets under management have recently ballooned to the highest amount in Clarium's history. It will be interesting to see how effective Clarium will be at deploying this new capital.Now, to the 13F. I actually hesitated even doing a 13F analysis on Clarium Capital simply because when I say they are a global macro fund, I really mean it. The 13F they filed with ...