Keyword: bearmarket
-
Stocks have climbed in 2023 after suffering through a bear market in 2022. But according to legendary investor Jim Rogers, the next downturn could be more painful. In a recent interview with Real Vision, Rogers explained why his outlook is so bleak. “[In] 2008, we had a bear market because of too much debt,” he said. “Look out the window since 2008, debt everywhere has skyrocketed.” And that does not bode well for investors. “It’s a simple statement that the next bear market will be the worst in my lifetime because the debt has gone up by such staggering amounts...
-
The White House defended President Joe Biden's economic record on Monday as the nation experienced historic inflation, gas prices over $5 a galloon and the stock market dropping. White House press secretary Karine Jean-Pierre argued President Biden actually made historic economic gains, which would help the American people go through these economic 'challenges.' She blamed inflation - prices in May were 8.6% higher than a year earlier - the greatest increase since 1981 - on the covid pandemic and on Russian President Vladimir Putin's war in the Ukraine.
-
There was a (very) brief period in which BofA’s Michael Hartnett – whom we long ago dubbed Wall Street’s biggest bear – turned ever slightly more bullish, when he told clients that while the bear market is far from over (recall he expects that to end some time in October with the S&P plunging down to 3,000) a powerful bear market rally had taken hold around the time we saw the biggest equity inflow in 10 weeks; even so, his advice to clients was simple: “fade all rallies.” All that’s over, and in his latest Flow Show note (available to...
-
There are few things scarier than a bear market, but steep and sustained drawdowns in stocks are an absolute fact of investing life. Markets go through cycles; always have, always will. It's also true that despite being inevitable and unpleasant, bear markets are not entirely all bad. An irony of bear markets is that they're one of the exceedingly rare times when long-term retail investors can actually have an advantage over the pros.Traders and tacticians are under constant pressure to do something, even as a receding tide lowers all boats. Contrast that with retail investors, who are luxuriously free from...
-
Horror has returned to Wall Street trading desks and the portfolios of the average investor. "Wednesday's sell-off really seems like a chain reaction, with the weakness in retailers feeding into fears that the consumer may be slowing, that inflation remains a problem, that inventories are too high, and this could pressure profit margins," Truist co-chief investment officer Keith Lerner told Yahoo Finance. "When you have such household names moving down so much, this spooked the broader market." Lerner has been warning of a downturn in markets for months, downgrading his view on stocks back in April. The call looks prescient....
-
David Wright is known for his ability to lead his funds through periods of intense volatility, like 2008, where his fund nearly broke even on the year while the major equity index shed half of their value. His losses during the COVID rout of 2020 were also relatively mild. But those market ructions will likely be remembered as relatively staid in comparison to the selloff that’s just around the corner. According to Wright, who shared his thoughts on the market during an interview with Bloomberg, both of these periods – along with the dotcom crash – both had nothing on...
-
Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. But it does reflect mounting concerns about the economy, especially as the Federal Reserve moves aggressively to cool business activity in its efforts to fight inflation. And last week’s inversion of the 2s10s yield curve — a metric with a pretty good track record of predicting recessions — only emboldened those expecting economic growth to turn negative. We maintain our forecasts for the S&P 500 (5250) and the Stoxx 600 (550) for...
-
How long can this bull market last? That is a question we hear often, with the common presumption now being that the shortest bear market of all time, followed by the shortest-ever recovery to prior highs, must mean this will be a short bull market. Perhaps that is doubly true, considering this cycle has acted more like an oversized correction than a traditional bear market—and it all follows history’s longest bull market. But in our view, there is no realistic way to assess how long this bull market will last—you must assess conditions as they evolve. One thing, however,...
-
U.S. stocks soared higher Thursday as the government came closer to approving a $2 trillion stimulus package to combat the coronavirus pandemic, capping a three-day rally that has pushed the Dow Jones Industrial Average into a bull market. The Dow industrials finished the day up 1351.62 points, or 6.4%, to close at 22,552.17, launching the blue-chip index back into bull market territory. The jump ends an 11-day bear market for the index—the shortest in history for the index—which reached its bear-market low just three days ago. The rapid plunge out of, and then back into, a bull market underscores just...
-
Click here to read the entire article
-
Our call of the day comes from a forecaster who escaped this bear market by exiting 90% of stocks before the virus started to grip the world, after he warned months prior of too much optimism for equities. Yves Lamoureux, the president of macroeconomic research firm Lamoureux & Co. who correctly predicted a panic event of 2018, now sees a series of rolling bear markets ahead. He started talking about what he calls a Global Financial Crisis 2.0 as early as late October 2019, then began selling stocks in December, leaving him with just a “few good ideas,” by late...
-
Nobody wants to be the schmuck who bought stocks at the tippy-top. Did you check your 401(k) this week? If so, you surely noticed US stocks hit new all-time highs. And the S&P 500 is now on track for its best year since 1996. How does this make you feel in your gut? Are you happy stocks are achieving new highs? Or does it scare you... tempt you to sell all your stocks… and run for cover? Record High Prices Scare Investors I talk with hundreds of investors... and I can tell you with 100% certainty record high stock prices...
-
wo major stock indexes headed toward their worst Christmas Eve of trading ever on Monday, as the S&P 500 pushed to the cusp of a bear market. Markets responded to turmoil in Washington. Multiple reports said President Donald Trump is discussing how to remove Jerome Powell from his position as chairman of the Federal Reserve. That discussion, as well as the recent market volatility, spurred Treasury Secretary Steven Mnuchin to call the leaders of the six largest U.S. banks over the weekend. Additionally, Defense Secretary James Mattis announced he would step down at the end of February, saying his views...
-
When the February market correction ended, I had the lingering feeling that not enough damage had been done to investor complacency to provide for a sustained move higher. In spite of that, the major indexes continued to plow ahead. After Labor Day, the market was selling at fair value and investors were optimistic that nothing could go wrong in a strong United States economy with real growth in excess of 3% and unemployment at a 40-year low. A perfect set of sentiment conditions for a market decline was in place. I had been expecting a post-midterm election rally, but for...
-
The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings. “This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have...
-
Tyler Durden 09/02/2015 If there is one thing more or less guaranteed to create a bullish scenario for stocks, it is the sudden flip-flop of world-renowned newsletter writer Dennis Gartman once again to a short-of-stocks position. Worse still, his fellow newsletter writers, according to AAII, have not been this 'unbullish' since the trough in March 2009. Of course, what many are missing this morning isd 120 points of The Dow's gains are due to the panic-intervention by The BoJ at last night's Japan open...Gartman: "Full-fledged bear market"... Long of tanker stocks, derivatives-hedged to a short overall equity position...(snip)
-
Walt Disney Co.'s stock DIS, -8.73% is on track to suffer the biggest one-day price drop in its history,
-
NEW YORK (CNNMoney) -- The S&P 500 slid into bear market territory Tuesday as U.S. stocks continued to sell-off amid worries about Europe's worsening debt situation. Investors are on edge over Greece's ability to meet its debt obligations and what a possible default might mean the global banking system. The S&P 500 slid into bear market territory Tuesday as U.S. stocks continued to sell off amid worries about Europe's worsening debt situation. Fed Chairman Ben Bernanke offered a grim assessment about the global economy but his pledge to take further action if necessary helped stocks back off earlier steep losses....
-
Sept. 21, 2011, 12:01 a.m. EDT Grantham: ‘No market for young men’ Market veteran blasts income inequality, buys blue-chip stocks By Jonathan Burton, MarketWatch SAN FRANCISCO (MarketWatch) — Hey, Young Turks on trading desks, up-and-coming money managers and Wall Street stock jockeys: You want the truth about the global markets today? Listen to Jeremy Grantham, chairman of Boston-based investment manager GMO LLC: You can’t handle the truth. Jeremy Grantham. “This is no market for young men,” Grantham said. “At least us old men remember what a real bear market is like, and the young men haven’t got a clue.” Women,...
-
The San Francisco Fed has come out with a research paper connecting the dots between the retiring baby boomers and stock prices. The thinking is that the boomers will divest themselves of stocks as they retire and eat into their savings. This is an old argument, but I still found it interesting. The authors, Zheng Liu and Mark M. Spiegel have attempted to quantify the implications. Their principal conclusions: We find that the actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends...
|
|
|