Toro's Running of the Bulls Market Blog
- Visit the site where this news was first published.
- 175702 reads
Volatility? Oh, Yeah.
From Art Cashin's UBS note this morning.
Last Wednesday, I cited some work produced by Paul Leming, who is an associate of my friend, Vince Farrell. Paul's work showed that in the 14,284 trading days since January 1, 1950, there were 68 days that had moves of 4% or more. Further, 28 of those 68 (41%) have occurred in the last three months. Since I wrote of that, we've had two more 4% days. Now it's 30 out of 70 (43%). The volatility remains historic, and nerve-wracking.
»
- 1693 reads
S&P 500 Resistance Levels
The market has bottomed, I believe, for 2008. However, we are still in a bear market until proven otherwise. And given the difficulties the economy is still facing, I am skeptical that the ultimate bottom has been put in place.
»
- Read more
- 1645 reads
Expect Triple Digit Returns Over the Next Decade
According to Merrill Lynch strategist Richard Bernstein, since the 1930s, whenever the return from stocks has been negative over 10 years, equities rose by at least 100% over the following 10. Via ClusterStock
»
- Read more
- 1615 reads
Amazing Graph
From Greg Mankiw. This year has been the second worst for the stock market since 1825.
»
- Read more
- 1796 reads
Uber-Bear Shuts It Down
Bill Fleckenstein is shutting down his short fund. From Calculated Risk.
»
- Read more
- 1683 reads
Nonfarm Payrolls - You Thought That was Bad...
Yesterday, I compared the lousy nonfarm payrolls data with the 1970s. Turns out, last month may have been bad, but not really bad. Yes, 533,000 jobs were lost, but on a relative scale, going back to 1939, there were 40 months worse than November.
From Bespoke
»
- Read more
- 1645 reads
Nonfarm Payrolls - Bad, But...
November nonfarm payrolls came in at -533,000. This was far worse than expectations of a 350,000 decline and probably beat the whisper number of -450k to -500k. This was the worst reading since December 1974, when NFPs fell 602k.
»
- Read more
- 1545 reads
- Visit the site where this news was first published.
- 175702 reads