Investing.comThe recent collapse in stocks has been quick and brutal.It has not been a fun couple of days in the stock market. On Monday, the Dow lost 588 points, capping the blue-chip index’s first-ever string of back-to-back-to-back days of 300-point declines. Shortly after the market open on Monday, stocks were in a panic, with the Dow falling more than 1,000 points while […]
Image: FlickrJust in case you don’t know who Warren Buffett is, he’s currently the third-wealthiest person in the world, behind only Bill Gates and Carlos Slim Helu. He’s been building his massive $67 billion fortune since his first acquisition of a textile company back in 1962, and since then, he’s grown the Berkshire Hathaway brand into a holding company that […]
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Veteran stock market strategist Richard Bernstein continues to be bullish on US stocks.While the S&P 500 has more than tripled since its lows in March 2009, investor sentiment shows little sign of mania.”The US bull market is more than six years old, but investors haven’t yet embraced it,” Bernstein writes. “Recent mutual fund flow data continue to show that […]
The last two trading sessions have been wild for Aquinox Pharmaceuticals.On Friday, shares spiked by up to 400% after the company reported earnings numbers, and positive trial results for a drug that treats bladder pain syndrome.On Monday, the stock surged by up to 365%. It’s now up more than 1000% from Thursday’s closing price of $1.79 per share.RelatedToday’s stock-market bubble is […]
flickr via bartolomeo perrottaThe stock market is disappearing. In an afternoon email to clients, Rich Barry at the NYSE wrote:Buyback factoid: ~20% of S&P 500 companies have reduced their share count by at least 4% year-over-year in each of the last five quarters(!!), and that appears to be continuing into Q2. As of [Tuesday] night, 92 companies in the S&P have reported […]
Bill Pugliano/GettyWarren BuffettThe Oracle of Omaha is facing some opposition.In a note to clients on Monday, Bank of America Merrill Lynch’s Savita Subramanian wrote that Warren Buffett’s favorite metric of long-term value “may have limited utility.”The market cap to GDP ratio, which once characterized as the “single best measure” of value, is used to determine whether the stock market is […]
Nope, no bubble here at all. Biotechs driven by fun-durr-mentals like everything else…*)As Bloomberg reports, perhaps there is a limit it this insanity. Demand for options tied to declines in an exchange-traded fund tracking the companies rose to the highest level in three years relative to bullish ones, according to data compiled by Bloomberg. The Nasdaq Biotechnology Index has risen […]
Akin Oyedele
May 8, 2015, 10:11 AM
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The big disconnect in the US stock market just keeps getting bigger.A new Bank of America Merrill Lynch survey published Thursday finds that US investors have pulled $99 billion out of equities year-to-date — including net outflows in 11 of the past 12 weeks — despite stock prices continuing to break record highs.This week also […]
I recently wrote that, “the single greatest mistake investors make is to extrapolate recent history out into the future.” As an example of how dangerous this natural tendency is, I shared a bit of Warren Buffett’s warning from late 1999 in which he wrote that the amazing returns from the stock market during that period had led to investor expectations rising […]
If you follow stock-market punditry obsessively like we do, you’ll quickly notice something.A handful of analysts speak English. But the vast majority don’t.Rather, they speak a language unique to the investment business.This language consists of market phrases that sound intelligent but don’t mean anything.The phrases don’t sound like they don’t mean anything, of course. On the contrary, they sound like they mean […]
