Rosenberg: The Case For Bonds

This is just in from David Rosenberg: In the discussion about the outlook for U.S. Treasury bonds, the point must be emphasized that supply alone has been an inadequate focus for predicting future price/yield. You don’t have to do much more than to go back to examples like these: the 30-year Treasury bond yield went

Yamada: Ready for a bond bear market?

Uber-technician Louise Yamada is now warning that the secular bear market in equities is likely to be joined by one in bonds as well.  In the video below, she talks with Bloomberg’s Pimm Fox about her view that bond yields are going to rise over time. I find her analysis that secular cycles in the

Major selloff coming?

Stock markets are seriously overbought right now.  But, the rally in shares has been bolstered by better than expected economic data and earnings reports.  I first pointed to a rally in shares in March, but I didn’t get fully onboard until April (after all, people like Louise Yamada were still pointing to downside risk). But,

Dow 4,000 still in the cards?

As you all know, I think we are in a secular bear market rally/cyclical bull market right now. So, yes, this has been and may continue to be a powerful up-move in shares worldwide. However, I am certainly not convinced we are off to the races for the long-term here. Now that we have gotten

Stephen Roach is still bearish, no recovery until 2010

Recently, I have highlighted the comments of a number of investing gurus, most of whom are fairly positive on the market. This includes Jeremy Grantham, Marc Faber, Bill Fleckenstein, Fred Hickey, Marty Fridson and Steven Leuthold (Louise Yamada is a notable exception). However, when it comes to the global economy, the situation is much murkier, the likes of David Rosenberg at Merrill Lynch/BofA have made the case for continued economic weakness in the United States.

The standard bearer of the global-economy-is-weak-and-needs-rebalancing theme is Stephen Roach. And he is not a tad bullish on the global economy

Marc Faber: Dr. Doom goes bullish

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker’s dream. We’re talking about Steven Leuthold, Bill Fleckenstein, Fred Hickey, Jeremy Grantham and Marty Fridson. Let’s add Marc Faber here as well

Louise Yamada: Dow could hit 4,000

This prediction does make for a scary headline and gets Louise Yamada some buzz. But, Yamada is a technical analyst and is saying absolutely nothing about the fundamentals here. You should also note that Jeremy Grantham has said similar things about the S&P hitting

Louise Yamada: Sell stocks; Dow could be headed for 6000

Louise Yamada is one of Wall Street’s foremost technical analyst. She is quite bearish and thinks the Dow Jones Industrial Average could go to 6000. Her advice: sell stocks

Louise Yamada sees stocks below 2002 lows

Yesterday morning, I heard Louise Yamada on Tom Keene’s show on Bloomberg Radio giving her assessment that stocks may break below 2002 lows. I mentioned this in yesterday’s news round-up. But, now I have the audio for you as well. Yamada is a much followed technical analyst so her opinion has weight. Since at least

News round-up: 18 Nov 2008

Greetings and happy Tuesday. While I hope it is a happy Tuesday, it doesn’t look as cheery in the markets today (see pre-market chart below). I am getting the sense that we are going to retest 2008 and 2002 lows. The 2008 low on the S&P was 839.80. In 2002, the low was 768.63. You

Louise Yamada: S&P has a 1175 price target

Last night after the market closed I listened to a Bloomberg on the Money podcast with guest Louise Yamada, a well-known technical analyst. A lot of people in the fundamentals crowd stay away from looking at technicals, but in a market like this one, they cam provide some extra information. Below are a few snippets

Louise Yamada: financials going lower

In this weeks Barron’s, Louise Yamada writes that financials in the U.S. have not fallen nearly enough in respect to their meteoric rise in the U.S. indices. She predicts further pain in the sector to where they represent less than a double-digit percentage of the S&P 500. I am certainly bearish on financials and see