Could this opinion, which essentially implies gold is forever down and equities have entered a permanent high, be one of those classic calls at a market turning point? Further, such "this time its different" call believes that central bank manipulation is a practice that can go on in perpetuity. Remember these brilliant proclamations from Fortune and Business Week. One made approaching a top[...]
Tag: market watch
Everyone is a Genius in a Fed-Induced Stock Rally – “Pro’s” Drinking Their Own Kool-Aid?
By Michael Sincere Don’t confuse brilliance with a bull market Bullish stock investors are feeling invincible. For example, I recently received a taunting email from an investor who is 100% convinced that the Dow Jones Industrial Average DJIA, -0.62% will hit 18,000 by January because author and professor Jeremy Seigel said so. This investor advised me to buy mutual funds or stocks so that I [...]
Yellen Speech on Labor Market to be Jackson Hole Highlight – More Useless “Guidance” for the Masses
In the not-too-distant-past, Fed watchers had to divine U.S. central bank strategy from a trickle of information. No longer. And on Friday, there will be a firehose of Fed speakers for the markets to digest. Fed Chairwoman Janet Yellen will give her latest views on the health of the labor market at 10 a.m. Eastern on Friday. In previous speeches, Yellen has laid out a dashboard of[...]
This stock bubble is ‘beyond 1929 and 2007,’ says John Hussman
John Hussman can generally be counted on for a bearish take on the stock market. But his latest weekly commentary letter is a doozy, with some particularly pointed remarks aimed at investors who continue to believe valuations are fair in stocks. The economist runs Hussman Funds, and since the financial crisis he’s been a prominent critic of Federal Reserve policy. His investment choices are[...]
We’re in the Third Biggest Stock Bubble in U.S. History – Insiders Sell Stocks and Retail Investors Jump In
Brett Arends - MarketWatch - July 18, 2014 Here’s a quick question for you. What do the following years have in common: 1853, 1906, 1929, 1969, 1999 Pass the question around your office. Call your money manager and ask him or her, too. Post it on your office notice board. Give up? Those were the peaks of the five massive, generational stock-market bubbles in U.S. history. Investors who[...]
Another sign the bull market (in stocks) is nearing its end
Analysis: Companies no longer want to buy their own shares, a worrisome sign By: Mark Hulbert - MarketWatch CHAPEL HILL, N.C. (MarketWatch) — Here’s another sign the bull market in stocks may be nearing an end: Companies have dramatically reduced share repurchases. New stock buybacks fell to $23.2 billion in June, the lowest level in a year and a half, according to fund tracker TrimTabs[...]
Dow 17,000 is on the wrong side of history – MarketWatch
David Weidner's Writing on the Wall - July 8, 2014, 6:16 a.m. EDT Opinion: Since 1929, stock-market rallies have had things in common that this one doesn’t SAN FRANCISCO (MarketWatch) — Today’s bull market is the fourth biggest since the 1929 crash after stocks have nearly tripled since the financial-crisis low set in early 2009. But more than any modern bull market, this one stands[...]