Well, I have mixed feelings about this post, as an Australian, and an observer of US markets I know your political culture, well, its proud, so I worry how readers might react to this one.
This is what’s been bothering me, lots of money has been buying stocks at a time when they are not only priced to perfection but are […]
Market Climate
As of last week, stocks were characterised by unfavorable valuations and moderately favorable market action. Short-term, the market remains overvalued, overbought and overbullish, a combination that has historically made stocks vulnerable to negative short-term returns even when market action has been favorable.
Adding to the general impression of an overextended stock market, we note that corporate […]
Some reasons why this is not a new ‘bull market”. Although it may be bull of a rarer kind. In no particular order.
1) Absolutely record person debt.
2) A negative savings rate for US consumers for the past two years, something only seen last in the Great Depression.
3) A record trade deficit of more than […]
While the DOW has managed to crawl to a new high in nominal terms, the S&P 500 remains well below its record high as does the Nasdaq. If the DOW was a ordinary “market cap” weighted index it would sit at about 80% of its previous high. If we were to measure the index’s and […]
My name is Kevin and I’ve spent the last six years working out whats going on with the US stockmarket. I’m not selling you anything so I’m in the unique position of being able to tell you the truth, as best I know it. No deliberate deception anyway. This is an incredible time to be following the […]
