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 By Prieur du Plessis, on June 18th, 2008 posted in: Investment, Markets, Money, Stocks  7 people had their say - chime in!
A shrinking economy bodes ill for corporate earnings and current indications are that the S&P 500 Index’s earnings could be down by as much as 30% to 40% in year-ago terms by the end of Q2 2008. The key to assessing valuation levels, however, is to get a grip on the forward numbers. This post analyses this aspect and concludes that it would be irrational to bank on above-average returns from these valuation levels. A muddle-through outlook seems to be what the US stock market has in store. [...] More on this topic (What's this?) Economist Gary Shilling: S&P 500 will drop 43% this year? (Value Investing, 4/11/12) Sell in May and Go Away? No Way! (Wall Street Daily, 5/10/12) S&P 500 Chart – Which Way Do We Go? (My Trader's Journal, 4/22/12)
Source: Tom Toles, The Washington Post, June 17, 2008.
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By Cees Bruggemans As a foreigner of longstanding in this country, I have some interest in the phenomenon that got a burning man on the front page of the New York Times and Financial Times last month, in addition to numerous local papers. What’s going on? It has been a [...]
By Kevin Lings Fitch Ratings has revised the outlook for South Africa’s long-term foreign currency rating of ‘BBB+’ from Positive to Stable. According to Fitch, “the revision of the outlook reflects a reassessment of South Africa’s medium-term potential growth prospects as supply side constraints have become more visible in 2008 and [...] More on this topic (What's this?) New and Puzzling BRICS Cable Proposed (Telecom Ramblings, 4/19/12) Valentines Day, Part II (All Allan, 2/14/12) Iranian Sactions and the Fallout on South Africa (ValueWalk.com, 2/16/12) By Prieur du Plessis, on June 15th, 2008 posted in: Investment, Markets, Money 3 people had their say - chime in!
Central bankers’ inflation-fighting rhetoric moved to centre stage over the past week. A succession of hawkish comments from US policymakers persuaded pundits that the US rate-cutting cycle was over, resulting in a stronger US dollar, plummeting government bonds, predominantly lower global stock markets (with Asia seeing the most red), and non-agricultural commodities coming off the boil. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...]
“It seems the down economy is hurting every business, even the oldest profession. The Moonlight BunnyRanch in Carson City, a legal brothel featured on HBO’s ‘Cathouse’, is offering the first 100 customers who show up with their stimulus rebate checks twice the ‘services’ for the same price. “They’re calling [...] More on this topic (What's this?) How To Trade Stock Options Like A Pro (, 5/9/12) The Stimulus Secret Obama Doesn't Want You to Know (Money Morning, 2/24/12) Tim Cook Makes Time’s 100 Most Influential Person List (Value Investing, 4/18/12) |
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