Read More’Sell in May’-is it on or off?: Kenny Polcari Michael Hartnett, chief market strategist at BofAML, believes an improving macro environment coupled with high cash levels and diminishing geopolitical threats will lead to an “irrational exuberance” run that will catch fire during the summer. The best trades, Hartnett said in a note, will […]
Technical Tuesday: How to Detect Stock Market Topsby Chris Rowe, Director of Investor Education, The Oxford ClubTuesday, February 18, 2014: Issue #2231As I noted last week, bull market tops are often characterized by a breakdown of the sector that had led the market higher (like tech stocks in 2000 or financial stocks in 2007).Another clue in our hunt for the […]
Given the recent pullback in broader-market indices, it seems like an appropriate time to add a bit of perspective with the following four nuggets:1. Even after this week’s pullback, the S&P 500 (SPY) is just 3.27% off its all-time high. Similarly the Dow Jones Industrial Average (DIA) and Russell 2000 (IWM) are just 4.27% and 3.21% off their all-time highs. […]
Do Stock Market Valuations Matter?December 9, 2013
Ron DeLegge, EditorEvery single day we are barraged with an array of conflicting data about the stock market. Stocks are expensive, says Guru A. In the same conversation, Guru B proclaims, Stocks are cheap. With the S&P 500 (NYSEARCA:SPY) hitting all-time highs, do stock valuations matter? Using reported price-to-earnings ratios (P/E) for the trailing […]
