Posts filed under “Markets”

Market Highs Are Bullish, Not Bearish

With the reduction of tensions on the Black Sea, global markets rallied yesterday to multi-year highs. In the U.S., the S&P 500 closed at an all time high of 1873.91. Other markets set new multi-year or all-time highs as well. The world is breaking out.

The day’s trades had barely closed, when the Johnny one-notes began their usual litany of complaints. The market is long in the tooth, we are told; the bull cycle is Fed-driven, it’s temporary, its “toppy.”

Then there is my favorite complaint: All time highs are dangerous, a sign of a market that has gone too far. (Subtext: Get out now!)

Unless you can be bothered to look at the actual numbers: If you were willing to actually consider the quantitative data about highs, you might reach a somewhat different conclusion. In point of fact, one of the most bullish things that can happen to any market is for it to reach new multi-year highs. Continues here

 

All time high by year

Category: Investing, Markets, Technical Analysis

The Wolf of Wall Street: Fact vs. Fiction


Source: Yahoo Finance

Category: Investing, Markets, Video

Truisms

Tumblr is for porn. Facebook is for the wannabe famous. Instagram is for those who are too lazy to write. Texting is social currency. It doesn’t matter how many likes or friends or followers you’ve got, but how many people text you and how regularly, that’s how popularity is judged today. Pinterest is inexplicable to…Read More

Category: Markets

Succinct Summations of Week’s Events 2.28.14

Succinct Summations week ending February 28, 2014 Positives: 1. Core Cap-ex jumped 1.7%, economists were expecting a 0.2% decline. 2. The S&P 500 made new all-time highs, closing above 1850 for the first time ever. 3. U.S. home new home sales grew 9.6% vs expectations of -3.4%, the fastest pace in more than 5 years….Read More

Category: Markets

How the Land Lies for U.S. Home Builders

Source: WSJ   Continues here.

Category: Economy, Markets, Real Estate

Musk: Innovator or Rentier?

Income inequality has been a big theme in U.S. politics and economics recently. We discussed a mathematical anomaly about the 0.01 percent earlier in the month. A number of folks have offered up defenses of the wealthiest Americans, but they seem — like this rote piece from former Council of Economic Advisers Chairman Greg Mankiw…Read More

Category: Markets

10 Thursday AM Reads

Good morning, some reads for your Thursday pleasure: • Five Tech Stocks, $400 Billion Cash (YCharts) • 10 Value Investing Blogs To Follow (Wall Street Survivor) but see Momentum As The Only Reliable Market Anomaly (Climateer Investing) • Morgan Stanley Underwrites TSLA Convertible Offering Day After 100% Stock Price Upgrade (Zero Hedge) • What Will Bernanke Title His…Read More

Category: Markets

Look Out Below, Chinese Ted Spread Edition

Equity futures are under pressure this morning as concerns about a shadow-banking credit crunch in China increase. A Chinese credit-market risk gauge is hitting new highs amid growing concerns that leverage and credit risk have reached unsustainable levels. Observers are comparing this to the widening in the Ted spread — a measure of risk in…Read More

Category: Credit, Markets, Trading

Grantham on ‘What People Learn from Financial Crises’

I love this: When he was asked what people would learn from the whole financial crisis, Jeremy [Grantham] said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.” -James Montier to Kate Welling, via FT Alphaville  

Category: Bailouts, Markets, Psychology

Longest and Strongest Bull Markets

~~~     A pair of informative tables via Bespoke shows prior bull markets in terms of their length and strength. The bull market which followed the 1987 crash is the grand winner of all markets, lasting an incredible  4494 calendar days and rising 582%. Thats nearly double the 1949-56 rally, its next closest in…Read More

Category: Data Analysis, Markets