Google FinanceThe stock markets opened and traded in the red earlier today, but have climbed all the way back into the green.
At its low of the day, the Dow was down by 132 points.Earlier, we learned that the ISM non-manufacturing index climbed to a six-month high of 55.2 in April.”In our mind, any reading above 55 is a good one […]
European markets and select Asian markets were closed today for holidays. This led to a much more subdued trading day than usual. Trading volume on the NYSE Composite was about 77% of its average from the last 10 days, and futures volumes were even less. The S&P 500 (INDEXSP:.INX) opened near the flat-line and traded up about 0.3% […]
China showed its first trade deficit in the past two years in February, and one of the few deficits since the country began tracking the data. Exports showed an alarming 18.1% year-over-year decline and 45% drop from the prior month. The drop was due to a significant weakening in steel goods shipped to developed economies such as the US and […]
Today marks Verizon Communications Inc.’s (VZ) first day of trading after it completed the acquisition of its remaining shares from Vodafone Group Plc (VOD). The company’s stock price is trading 0.78% lower as of 3:29 PM EST, after being down more than 1% earlier.The company gave guidance on its performance expectations after completing a deal that enables the largest wireless […]
2013 has come to an end and what a year it was. With that said, what an unpredictable year 2014 is shaping up to be as well. Since the market bottom in the spring of 2009 the prevailing theme in the financial markets could be aptly described with the saying, “a rising tide lifts all boats.” An improving and stable […]
One problem with stock market rallies that are characterized by steep and uninterrupted ascents, such as the one experienced during 2013, is that once a sell-off commences it becomes difficult to pinpoint price levels at which the declines in broad equity indices such as the S&P 500 (SPY) may run their course.In this article, I will briefly review the factors […]
Now that January has disappointed, market forecasts for 2014 have become less favorable (i.e. “January Effect”). Last month I forecast a 16% loss in 2014 while others were forecasting gains. I’m not saying “I told you so” but I would like to add some more justification for my prediction.As shown in the next graph, Wall Street is forecasting gains of […]
Stock Market Bubble Valuation – Hear the Bear Growl?Stock-Markets / Stock Market ValuationsJan 13, 2014 – 10:50 AM GMTBy: LewRockwell
[S]tock prices have risen pretty robustly. But I think that if you look at traditional valuation measures, the kind of things that we monitor, akin to price-equity ratios, you would not see stock prices in territory […]
Not a Time to Time the MarketAmerican business will do fine over time. And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor. (The Dow Jones Industrials advanced from 66 to 11,497 in the […]
The “Fed’s taper decision signals end of era for easy money” blares the Financial Times headline, the day after the U.S. stock market has risen to record levels following the taper announcement. Wasn’t the much-maligned QE that the Fed has begun to taper/reduce supposed to be causing a stock market bubble? So why does starting to take it away trigger […]
