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Ever since Richard Russell called a “Dow Theory bull signal” last Thursday, the debate has been rekindled as to whether the US stock markets are experiencing a primary (secular) bull market or a rally within a primary bear market, i.e. a secondary or so-called cyclical bull phase. This post adds some additional perspective, including reference to a very topical research study by Ned Davis. [...] More on this topic (What's this?) More Advisers Turn Bullish (Expected Returns, 8/11/09) Bearish Newsletter Writer Turns Short Term Bullish (Top Gun Financial Planning, 8/11/09) Is This Bull Market Over? (Investment U, 4/16/12)
Are we done with this recession? I missed this discussion of a few days ago, featuring an economist, Nouriel Roubini of New York University, an historian, Niall Fergusson of Harvard, and a billionaire, real estate investor Mort Zuckerman, debating what is to come. Rather late than never, as the clip makes for good viewing material. [...] More on this topic (What's this?) The Real Estate Market: Don’t Celebrate Housing’s Recent Uptick Yet (Investment U, 8/3/09) Real Estate as an Inflation Hedge? Don't Bet On It (REIT Wrecks, 7/7/09) Roubini: " Light at the End of the Tunnel" (Wealth Daily, 8/3/09)
In this guest contribution, Asha Bangalore concludes: “There is sufficient room under the provisions of current programs to provide support for the working of the financial system, and the Fed, as implied in the minutes of the June meeting and testimony by Bernanke, is currently focused on promoting growth and designing a suitable exit strategy.” [...] More on this topic (What's this?) Why Donald Kohn is Wrong and US Federal Reserve HR 1207 Needs to Pass (the Underground Investor, 7/12/09) H.R.1207, Federal Reserve Transparency Act Gains Tractions (The Value at Risk, 7/21/09) The Fed: Bull-Dogged Into Regulation Z Reform (The Value at Risk, 7/24/09)
This is a very humorous clip on Timothy Geithner’s difficulty in selling his house, including a short “consultation” with housing economist Robert Shiller. [...]
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. [...] More on this topic (What's this?) Must Reads Thursday, July 30, 2009 (Contrarian Profits, 7/30/09) Help Tim crack the top 30 at Seeking Alpha (The Mess That Greenspan Made, 8/6/09) Must Reads Tuesday, June 30, 2009 (Contrarian Profits, 6/30/09)
Reporters of the Wall Street Journal have produced a three-part video series on the crisis on the Street, looking at “What happened”, “Why it happened” and “What happens next”. This is an excellent overview of the financial malaise. [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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