Markets sold off badly overseas on Monday as investors feared the effects of a US recession on the rest of the world (Overseas Selloff Graphic). As a consequence, US futures markets were in panic mode yesterday ahead of today’s opening. With…
“A full fledged recession is now priced into bonds and is increasingly priced into stocks.” – Jim Paulsen (subscription required), Chief Investment Strategist, Wells Capital Management “We see US equities as being about 10% to 15% too cheap.” – Greg Fedorinchik (subscription…
“I sensed trouble when a homeless man told me he was studying for his real estate license.” – Peter Hong, “How We Cashed In Before The Housing Crash”, The Los Angeles Times, January 20, 2008 “Don’t believe the hype!” –…
“We should surely expect to see stories about the stock market featured in the financial press such as The Wall Street Journal . This in itself tells us little. On the other hand, when a feature article on the equity…
“Let’s keep paying attention to bulls who finally throw in the towel. We are only at the very, very beginning of this process and it will take a year or two more to shake out the ones who are capable of…
“95 percent of the time when you go against that kind of hysteria, you are going to make money.” – Legendary Investor Jim Rogers, “Buying Value and Selling Hysteria” in Market Wizards: Interviews With Top Traders (1989) The move in Intel…
One of the most famed indicators in the investment business is the cover story indicator. When a cover story appears in a popular, general interest magazine the trend is supposed to be nearly over and about to reverse. That is…
BeSpoke has an interesting post up this afternoon showing that while the average stock in the S&P 1500 is off 30% from its highs, the index as a whole is only off 12%. What this implies is that the biggest,…
I love those guys over at BeSpoke Investment Group. Every few days they’ll have an absolute gem of data analysis that nobody else has. Just before the close today they put up a post showing that the most widely owned…
The Wall Street Journal reported today that in its monthly survey of economists (subscription required) their recession probability forecast increased to 42.1% – up from 38% last month and just 23% 6 months ago. And the trend has been strongly…