Sam Stovall, chief investment strategist at Standard & Poor’s, explains why December may be a positive month for U.S. equities and why he recommends exposure to defensive sectors, such as consumer discretionary and health care.
11/26/2008
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 27th, 2008 at 7:56 pm
Video didn’t work for me in plain old IE7.
November 27th, 2008 at 10:03 pm
same here in both FF3 and IE7
November 28th, 2008 at 9:47 am
Well, I noticed yesterday, as far as bullish sentiment, that the supply of new homes rose again(it had been trending slightly downward) to 11.1 months….since the whole basis of this for the consumer anyway is the housing crisis, I look at that as bearish. For Xmas anyway. I think normally about 6 months is usual, and 11.1 months should mean that housing prices will probably stay very weak.