Posts filed under “Sentiment”

The World’s Most Respected Companies


Source: WSJ

Category: Corporate Management, Sentiment

NFIB: Why So Negative?

Small business sentiment readings are now over their 20 year average, and have moved steadily higher since the crisis ended in 2009. If that uptrend was a stock price, all your momentum trader friends would be buyers. But you certainly would not get that from reading the NFIB news releases. They have been consistently, persistently,…Read More

Category: Economy, Sentiment

Post Traumatic Crash Disorder & the 1962 Flash Crash

click for ginormous chart Source: Bloomberg On this day 53 years ago, Wall Street had one of its worst sessions ever. As the Wall Street Journal reported, “The Dow Jones Industrial Average fell 5.7%, down 34.95, the second-largest point decline then on record.” It was part of a longer decline that some called the “Kennedy Slide…Read More

Category: Markets, Psychology, Sentiment

Does Record Picasso Sale Signal a Bubble?

The headlines screamed across the Web yesterday: Picasso’s Women of Algiers smashes auction record. Two Artworks Top $100 Million Each at Christie’s Sale. Picasso Painting Sells for $179.4 Million; Sets Auction Record. The record for paintings was joined by a record for a sculpture, when Alberto Giacometti’s “Pointing Man” was purchased by an anonymous bidder for $141.3 million….Read More

Category: Bubbles, Sentiment, Valuation

Nasdaq Bubble Stole From Future Returns

Yesterday, we discussed why the Standard & Poor’s 500 Index has gone sideways for the past few months. The prime suspects were rich valuations, earnings crimped by falling energy prices and higher returns to be had overseas. Today, I want to look at the Nasdaq Composite Index. It closed at 5,056.06 yesterday, surpassing its March 2000 dot-com…Read More

Category: Markets, Psychology, Sentiment, Valuation, Web/Tech

Do Lower Gasoline Prices Boost Confidence?

Do Lower Gasoline Prices Boost Confidence? Aditya Aladangady and Claudia R. Sahm FEDS Notes, March 6, 2015     A gallon of gasoline currently costs one third less than it did last summer, as shown by the solid line in Figure 1. Gasoline makes up 5 percent of average family spending, so lower prices at the pump…Read More

Category: Energy, Federal Reserve, Sentiment, Think Tank

Top Issue for Americans? Bad Government

The Gallup polling organization is in the business of taking the pulse of the American public. A new survey detects a surprising shift in perceptions. It points not just to the nation’s sour mood and disappointment with the drawn-out recovery, but also to a sense that something different is now wrong with the U.S. In…Read More

Category: Politics, Sentiment

Rich Countries on Whether Any Day Is a Good One

This is such a strange data point . . .     Source: Pew Research

Category: Data Analysis, Digital Media, Sentiment

Wall St Ends 2014 More Cautious Than it Began

From Bank of America Merrill Lynch: The Sell Side Indicator — our measure of Wall Street’s bullishness on stocks — moved sideways in December, unchanged from November’s reading of 52.1. At the start of the year, it was 53.3. The indicator remains in “Buy” territory, as Wall Street’s bearishness is still more extreme than at…Read More

Category: Data Analysis, Sentiment

Beware Anecdotal Sentiment Readings!

It’s the time of year when predictions are in order. Not by us, but by other people. We have spilled plenty of pixels on why forecasts are folly (see this, this, this, this and this); we won’t revisit that well-trod ground, at least not today. Instead, I wanted to discuss the rather annoying tendency of…Read More

Category: Really, really bad calls, Sentiment