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Would you pay 32x forward earnings for a retailer? Amazingly, this is the valuation other “investors” have put on the top 5 holdings in the S&P retailer fund. S&A’s Frank Curzio writes: The top five holdings in the S&P retailer fund are trading at an average forward price-to-earnings ratio of 32. That’s more than twice […]
Our pal Brian Hunt has been doing an excellent job of finding favorite economic indicators that are surprisingly breaking out, rather than down. Last week, Brian noted that Dr. Copper was surging, despite the overall gloomy economic outlook: While you can barely watch a minute of financial television without hearing about horrid unemployment numbers, gloomy […]
Last week, we picked up a story courtesy of Bespoke Investments that showed just 4% of S&P 500 stocks were above their 50-day moving average – a level not even seen during the March 2009 lows! So we thought a stock market bounce might be on tap – and sure enough, this week we got […]
Over the past week, we’ve been investigating dollar sentiment, which appears to be overwhelmingly bearish at the moment. I was surprised when our dollar sentiment survey revealed that only 56% of readers were bearish on the dollar. After seeing bearish readings north of 90% in some places, and anecdotal evidence to support these #’s, I […]
May Natural Gas futures currently sit a shade above $3.50 – their lowest point since 2002! Check out this chart…can you spot the trend? Source: BarChart.com Jeff Clark writes that $3.50 is widely regarded as the “shut in” price for natural gas – the price where drillers are better off closing the well than continuing […]
Platinum is staging a steady and impressive rally off its December 2008 lows. After dropping below 800, July Platinum futures hit as high as 1220 today, eventually settling at 1195 for the day. Platinum is mostly used in industry, but is also considered “hard money”, and maybe the 3rd most obvious hard money alternative to […]
Oil has not been this cheap relative to gold in 10 years, expert trader Jeff Clark writes in today’s Growth Stock Wire. He believes it’s time to go long oil.The last time the ratio was this high, back in 1999, oil quadrupled from $10 per barrel to over $40 in just one year. A similar […]
Many people smarter than I think that, indeed, a short term contrarian play of going long stocks could be a profitable one. Jeff Clark writes in today’s Growth Stock Wire that yesterday was a short term bottom in the markets. OK, maybe his timing wasn’t exactly right, but Jeff’s trades are traditionally pretty well on […]
Let’s look at a few opinions I’ve heard over the last couple of days: Chuck Butler at the Daily Pfennig believes at least 20% of the current price is speculation driven Jeff Clark at The Growth Stock Wire thinks it’s time to sell oil stocks now T. Boone Pickens (video posted yesterday) says demand is […]
Jeff Clark from Growth Stock Wire believes we may be at an inflection point for a downturn in the market. He sites a falling VIX, CNBC exuberance, a falling put/call ratio, and underperforming shares of Merrill Lynch as potential caution signs.
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