Post Tagged with: "stocks"
[Premium] Marc Faber on Euro zone breakup and US and European equities
Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu. The overall gist of his commentary was that a euro zone breakup would be beneficial and that he believes European peripheral equities are oversold. Take a look
[Premium] Is Apple worth it?
There has been a lot of chatter about Apple recently because of the monster move it has sustained in the first four months of the year. Bloomberg reports that Apple gained more than $250 billion in market share in just four months to April 9. That’s more than IBM’s current value. Other impressive figures are being bandied about like: Apple is worth more than the entire retail sector combined, Apple is worth more than Microsoft, Google, Nokia, and RIMM combined, etc. But soon, growth will be all about the emerging economies
Grantham: Missing a bull market is a dismissible offense
Jeremy Grantham: “The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The prime directive, as Keynes knew so well, is first and last to keep your job. To do this, he explained that you must never, ever be wrong on your own. “
Kashkari: PIMCO doesn’t expect margin pressure
I thought I should present the somewhat bullish view of the margin issue we have been discussing here. PIMCO’s Neel Kashkaari is out with a note that underscores what the bulls are thinking about the issue
Chart of the Day: Earnings Growth
This chart from the Wall Street Journal explains visually what worries me about the supercharged run up in the S&P500. While the index is increasing, earnings growth is not
[Premium] Daily Commentary: Sell in May and Go Away
I continue to believe that US share prices are based on a benign if not an optimistic view of the macro environment. If we see anything less, I believe US shares will be the ones to pull back most as opposed to European ones
Faber: Japanese stocks will outperform as US margins deteriorate
Here’s the latest from Bloomberg Television, Marc Faber, the publisher of the Gloom, Boom and Doom Report, thinks that Japanese equities are going to outperform this year. Why? For the same reasons I have been saying that a more defensive posture is warranted: “earnings may begin to disappoint” and “corporate profit margins could deteriorate.”
Fixation with QE3 Tells You The Market Sweet Spot Is Ending
A growing number of indicators suggest that the market is running out of steam. Equities have been in a temporary sweet spot where investors have been factoring in a self-sustaining U.S. economic recovery while also anticipating the imminent institution of QE3. This is a contradiction. If the economy were indeed as strong as they say, we wouldn’t need QE3. The fact that market observers eagerly look forward toward the possibility of QE3 is itself an indication that the economy is weaker than they think. We can have one or the other, but we can’t have both
Global economic themes
Warren Mosler presents some macro economic themes that will have implications for the investing and business climate
[Premium] Hussman also jumps on the profit mean reversion bandwagon
John Hussman just came out with a note that also warns about reversion to the mean in profit margins. Here I have some comments on how these trends play out in earnings and the stock market
[Premium] Daily Commentary: The macro surprise index is mean-reverting
This daily commentary is a bronze-level post. Barclays Capital has a US Macro Data Surprise Index and it was at all time highs in February. It has since dipped
What were big-time pundits saying just as stocks were bottoming in March 2009?
Faber, Buffett and Grantham were bullish as stocks reached their financial crisis nadir