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it has now been 42 days since the S&P 500 Index has had a pullback (one-day or multi-day) of 1% or more.Yes, the market is overbought, but very often stays overbought in a bull market. No, only up to a point, argues Michael Panzner by means of an interesting long-term chart … [...] More on this topic (What's this?) Economist Gary Shilling: S&P 500 will drop 43% this year? (Value Investing, 4/11/12) Is This Bull Market Over? (Investment U, 4/16/12) Sell in May and Go Away? No Way! (Wall Street Daily, 5/10/12)
The Q1 earnings reporting season is upon us and expectations, based on the stock market’s recent behavior, are lofty. While gallivanting through South America, I turn to David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates, for a few comments on valuation levels. [...] More on this topic (What's this?) The Truth About First-Quarter Earnings (Wall Street Daily, 4/18/12) You’re Broke Because You Want to Be (Investment U, 2/27/12) Top Gun FP Client Note: The Quality Of Earnings (Top Gun Financial Planning, 5/7/12)
In this video, Michael Mauboussin, the chief investment strategist of Legg Mason Capital Management and the author of “Think Twice: Harnessing the Power of Counterintuition”, shares his ideas about common investment mistakes, how to improve decision-making, and what investors can learn from the recent stock-market woes. [...]
“Expectations about the economy’s performance were as strong as they have ever been,” according to the latest Survey of Business Confidence of the World by Moody’s Economy.com. Strong stuff! Read on for more details of the Survey results. [...]
“In case you haven’t noticed, I have become slightly less ‘optimistic’ about the prospects of a sustainable U.S. recovery. I used to think that the household deleveraging story was more of a decade-long project; the economy would cycle throughout. But recent deficit hysteria has me worried; income growth might lapse,” argues Rebecca Wilder in this guest post. [...] More on this topic (What's this?) Who Has More Leisure Time: High or Low Income Earners? (Value Investing, 4/27/12) Basing Debt Service Ratios on Gross Pay (Michael James on Money, 5/7/12) Is the Middle Class Dying… or is it Thriving? (Wall Street Daily, 4/13/12)
Rest assured, the bond vigilantes will be the judges of the budget deficit assumptions. [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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