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Speaking of contrarian investment indicators, they don’t get much better than this. Fidelity.com posted a listing in a prominent public relations newsletter today: Summary: Buying stocks again?Name: Chris Taylor (Fidelity.com)Category: Business and FinanceEmail: query-100@helpareporter.comMedia Outlet: Fidelity.comDeadline: 07:00 PM EST – 20 JanuaryQuery: Looking for investors who are shifting some of their cash holdings back into […]
Regular readers know that I’m a big fan of Bob Prechter’s investment analysis. One of my favorite aspects of his work is the use of sentiment indicators as a market timing mechanism – that is, when everyone is bearish, you should be greedy, and when everyone is bullish, you should run for the hills. In […]
Bernanke – man of the year. Did he earn it? Or pushing on a string? Markets Strong Out of the Gates…But How Much Conviction is Left? The broader indices continued to climb higher in the first week of trading in 2010. But how much buying power is behind these moves? Moves straight up usually don’t […]
The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors “peel away” from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, […]
This shot says it all – the “all the same markets” hypothesis is still in play. Why bother with diversification when all the markets move in tandem? (Source: Barchart.com) Hat tip to Robert Prechter, who I believe was the first to point out the increasing correlation between every asset class, as far back as 2004. […]
Did the intermediate top in stocks occur earlier this week? We won’t know for sure for many months, but it certainly COULD have been. The rally has been running on fumes for month, yet still moving upwards despite the naysayers (such as myself), as the S&P pushed above the 1100 mark (raise your hand if […]
Coast to coast flights are fantastic for getting uninterrupted reading time in, and on my flight back to the West Coast last Monday, I was able to devour Financial Reckoning Day Fallout: Surviving Today’s Global Depression, by Bill Bonner and Addison Wiggin. Bonner and Wiggin are the two top guys at Agora Financial, an extremely […]
With the DOW pushing to new 2009 highs yesterday, I was looking forward to today to see if the S&P could confirm the DOW’s push – which would indicate that this rally is still on. Yesterday’s push was quite impressive across the board, but thus far today, we have not yet witnessed any decisive follow […]
I’m working from the road today, so I’ve got the nice benefit of having CNBC on here – man, are they yucking it up today! With the Dow hitting a new 2009 high, I haven’t heard anyone expressing any skepticism – “all the stars are aligned for higher stocks” is something that was just pronounced! […]
This epic stock market rally has done exactly what it was supposed to do – it’s retraced about half of the losses from the previous crash. It’s got folks feeling comfortable again – while maybe not outright enthusiastic about things, they now believe the carpet is not going to be pulled out from under them. […]
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