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A Perfect Setup for a Stock Market Correction
Since there’s no holy grail to analyze financial markets, the best approach is an eclectic one. So I incorporate as many tools as possible in my analysis, including: Fundamental valuations, macroeconomic models, monetary and fiscal policies, interest rate developments, sentiment and momentum indicators, and chart analysis.
Major market turning points are usually characterized by many of these tools. That was clearly the case in 2007 when everything fell neatly into place to call the end of a bull market that had started in 2003.
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| Bull markets don’t go straight up. And this one is no exception. |
To a somewhat lesser degree…
28Oct2009 | Money and Markets | 0 comments | ContinuedU.S. Markets Pulling Back
U.S. stocks suffered their first weekly loss since May last week, further exacerbating trader concern that the bullish surge that sent share prices up as much as 40% from their March lows may have been overdone.
Traders have grown increasingly fearful in recent weeks that the powerful surge in the three major U.S. stock indices – one of the strongest in history – may not have been justified because of an ongoing economic recovery that’s not as strong as originally believed.
"There’s no question in my mind that the economy is improving," Phil Orlando, chief equity market strategist at Federated Investors, told…
22Jun2009 | Money Morning | 0 comments | ContinuedInsights from Jeremy Siegel: 3 Reasons Why The Dow Will Hit 10,000 in 2009
Wall Street has been debating the huge run-up in the Dow Jones Industrial Average.
Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next…
So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year’s-end – and new highs within a couple of years.
Yes, the recovery will be volatile. But now is the time to buy, despite the…
18May2009 | Investment U | 0 comments | ContinuedMassive Stimulus Creates Bullish Outlook in 2009
Is it “Bull Market 2009?”
The answer to that question depends on whether you believe the three-week surge we’ve just been through is the start of a prolonged advance for U.S. stocks, or was just the kind of “dead-cat bounce” fake-out move that temporarily interrupts a protracted bear-market decline.
It’s not an easy call to make, although all the stimulus, bailout and fix-up-plan money flowing into the U.S. financial system certainly makes a strong case for at least a near-term bull-market advance.
Let’s look at some numbers.
The Standard & Poor’s 500 Index last week gained ground for the third straight week, pushing it near its…
30Mar2009 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
GMAC Files to Become a Bank; Unemployment Nears 26-Year High; Mogul Signals Interest in Circuit City; Banco do Brasil Buying Out Rival; Crude Continues Slide; JPMorgan Cuts 3,000 jobs; Stock Market Craters;
- Detroit-based finance company GMAC has filed to become a bank, a shot at getting a slice of the $700 billion Troubled Asset Relief Program bailout. Private equity firm Cerberus Capital Management LP owns 51% of GMAC. General Motors Corp. (GM) owns the other 49%, Reuters reported.
- Initial jobless claims climbed to 542,000 in the week ended Nov. 15, close to a 26-year high. “The economic contraction appears to be worsening,” Sal…
Global Markets Nosedive as Credit Crisis Washes Over Europe
Major indices around the world plunged yesterday (Monday), as the credit crisis picked up momentum in Europe and markets in Asia began bracing for a deep recessionary environment in the West.
The Dow Jones Industrial Average careened below 10,000 points for the first time since 2004 yesterday, after plummeting 500 points in the first hour of trading. The Dow closed down 369.88 points, or 3.6%, on the day at 9,955.50, after earlier surrendering as much as 800 points.
The Standard & Poor’s 500 Index shed 42.38 points, or 3.95%, to 1,056.85 and the Nasdaq Composite Index tumbled 137.52, or 7%, to close at 1,809.
The Dow…
7Oct2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Verizon Helped by Wireless Sales; Kraft Produces Profit; Raytheon Teams with NASA; Ryanair Crashes and Burns; Dow Dives 240 points; Oil Rallies on Political Tension; White House Lowers Growth Estimate; Amgen Profit Slides
-Verizon Communications Inc. (VZ) reported strong quarterly profit boosted by wireless sales. Second-quarter profit was $1.88 billion, or 66 cents a share, up from $1.68 billion, or 58 cents a share, a year earlier. Excluding items such as merger integration costs, earnings per share were 67 cents, beating the average analyst forecast for 64 cents a share, according to Reuters Estimates.
-Kraft Foods Inc. (KFT), the nation’s largest food and…
29Jul2008 | Money Morning | Comments Off | ContinuedThe Four Tough Questions to Ask Yourself in a Tough Market
For investors who are used to living large, this has been the year from hell.
The markets are tanking. Food costs 25% more than it did a year ago. Inflation is on the march for the first time in decades. The sky’s the limit on gasoline after oil prices have doubled in the year.
No doubt about it: As far as financial downturns go, this mess is the real deal.
With that in mind, we’ve taken the time to provide you with candid answers to four questions we’ve been asked time and again. And that’s not all. We used those questions to craft…
1Jul2008 | Money Morning | Comments Off | Continued
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