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U.S. Stocks Will Be A Worthwhile Steal
Since the U.S. stocks as a whole peaked in October 2007, the world’s equity market capitalization has shrunk by 53%. If you’re counting at home, that’s $33 trillion.
- John Roque, Natixis Bleichroeder
They say that misery loves company, so if you’re too depressed to look at your brokerage account statements, maybe you can grab some consolation from knowing that investors all over the world share your pain.
In fact, some poor folks have it even worse. According to Bespoke Investment Group…
Iceland is down a staggering 90% this year.
Ukraine is off 76%.
Bulgaria is lower by 74%.
Over all, 51 countries have experienced worse market…
24Nov2008 | Smart Profits Report | 0 comments | ContinuedGlobal Sell-Off Takes a Toll on U.S. Equities
U.S. markets tumbled Friday as a global sell-off spread from Asia and Europe, as fears of a worldwide recession intensified.
At the New York close on Friday, the blue-chip Dow Jones Industrial Average Index had plunged 312.62 points (-3.6%), to trade at 8,378.63. The tech-laden Nasdaq Composite Index shed 51.88 points (-3.23%), to reach 1,562.03. And the broader Standard & Poor’s 500 Index dropped 31.45 points (-3.46%), to hit 876.66.
“It’s a bear market on steroids,” David King, a money manager at Putnam Investments, who helps manage about $137 billion, told Bloomberg Television. “It’s very accelerated by the pace of financial markets today.”
Prior…
27Oct2008 | Money Morning | Comments Off | ContinuedSystemic Inflation Running Rampart
Today (Monday) marked what will become a very typical day in financial markets. The U.S. dollar, Oil, Gold, and stock markets were all up. Denmark joined the bailout game with their $13.4 billion capital infusion in the banking and insurance company Ing. Meanwhile, more U.S. regulators are getting the public juiced up for the next stimulus package.
After the greatest period of nominal deflation in our nation’s history, asset prices are at or nearing bottoms. The halting of this deflationary period is 100% government intervention. Let’s not forget that if the deflation was allowed to run it’s course, it would have…
21Oct2008 | Oxbury Research | Comments Off | ContinuedWhy Today’s Bull Market is Tomorrow’s Bear Trap
Depending on your perspective, U.S. equities are either at the edge of another cliff or at the dawning of a new bull market.
We could make the case for either. But in as much as that would be an interesting exercise, the more relevant question is what the data suggests.
Let’s take a look.
Since their 52-week highs last October, the Dow Jones Industrial Average Index has lost 18.5%, the S&P 500 Index is off 18.2% and the Nasdaq Composite Index has fallen 15.1%. At the same time, the broader U.S. economic picture has darkened considerably with gross domestic product (GDP) a slim…
13Aug2008 | Money Morning | Comments Off | Continued
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