UBSGross domestic product never went negative in 1987 — even with crazy stock-market drop.The Dow Jones Industrial Average plunged a shocking 508 points — or about 22.6% — back on October 19, 1987.But as scary as that drop was, US economic growth was resilient, and gross-domestic-product growth never went negative.If you’re thinking about the 1987 crash in the context of […]
Yahoo! FinanceThis six-year old bull market continues its tumultuous rally. The S&P 500 hit an all-time high of 2,119.59 on February 25, 2015.From there, it tumbled 3% to 2,039.69 on March 11, leading some folks to speculate that this was the beginning of a sharp downturn, or perhaps the beginning of a major bear market. Deutsche Bank’s David Bianco said […]
REUTERS/Eric ThayerA competitor adjusts his hat before the gate opens for him to begin his ride, during the Professional Bull Riders invitational at Madison Square Garden in New York, January 6, 2013.At one point this year, we declared Jefferies’ Sean Darby the most bullish strategist on Wall Street.
In his new US 2014 Outlook note, Darby maintains a bullish stance, slapping […]
