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There is no way this bull market doesn’t end very badly. We all know that is the reality of this liquidity-fueled market, but we keep investing for “Fear Of Missing Out.”An excellent example of investor exuberance came recently in “Investors Go All In:”“More importantly, over the past 5-MONTHS, more money has poured into the equity markets than in the last 12-YEARS combined.”If that chart alone doesn’t get your “Spidey senses” tingling, I am not sure what will. However, I have a few more charts to share with you.Technical DeviationsIn the short term, fundamentals don’t matter. Such is because over a...

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. equity benchmark indexes were trading in record territory Wednesday afternoon, as investors drew hope from progress in the development of tests and vaccines for COVID-19, along with the potential for another fiscal stimulus package in Washington. Investors also largely ignored a mixed batch of economic reports, including a private-sector jobs reading that came in weaker than expected suggesting only a slow recovery from the coronavirus pandemic. The Dow Jones Industrial Average (DJIA)gained 375 points, or 1.3%, at 29,020, edging nearer to its Feb. 12 closing high of 29,551.42. The S&P 500 index (SPX) climbed 44 points, or 1.3%, at...

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...

Where are her gloves?! This blond bombshell straddled the “Charging Bull” statue in the nude Thursday — brazenly ignoring all coronavirus protection measures. With quarantine in effect and the streets empty, no one was there to stop the carefree cowgirl from straddling the Financial District’s bronze icon. When she eyed a Post photographer, the bull rider took off with a pal who’d been snapping iPhone photos. Full story at NY Post…

Relax — the stock market’s decline that began on Black Friday is not likely to be more severe than a 4% to 8% pullback. In fact, you might even welcome such a reversal, since it would create conditions for the U.S. market to climb to new all-time highs in early 2020. These are the latest forecasts from Hayes Martin, president of Market Extremes, an investment consulting firm that focuses on major market turning points. I was introduced to Martin several years ago by David Aronson, author of Evidence-Based Technical Analysis and co-author (with Dr. Timothy Masters) of Statistically Sound Machine...

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...

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 U.S. stock market is extremely overvalued by almost any measure.I know that pointing this out is raining on the bull market’s parade, with the rest of Wall Street giddy over the Dow Jones Industrial Average DJIA, +0.88%climbing its latest 1,000 points in record time, and erstwhile bear Jeremy Grantham of Boston-based investment firm GMO warning of a possible “melt up” for the market.But valuations do matter, sooner or later. And it’s a key feature of investors’ psychology at bull market tops to ignore valuations. So this column is important precisely to the extent you’re likely to dismiss it. Dennis...

The DOW is up 22% and 4,000 points since the election. No President has more all time closing highs in their first year in office than President Trump. President Trump is already the only President in US history to oversee two stock market rallies of nine days or more where the markets set new highs each and every day.On February 28th President Trump matched President Reagan’s 1987 record for most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!Then in early August President Trump reigned over a 9 day stock...

Economic growth has slowed since the election. What will happen to housing under President Trump? Funny thing about the rally in U.S. stocks since the Nov. 8 election that has the Dow Jones Industrial Average DJIA, +0.20% approaching 20,000: The underpinning of optimism about a pickup in the U.S. economy it has been based on is slipping away. Heh, heh, heh. Faster than Republicans learn to love Russian espionage when their party’s presidential nominee is the intended beneficiary, fourth-quarter economic data are heading south. The Atlanta Federal Reserve Bank’s influential GDPNow forecasting tool, which predicted 3.1% annualized fourth-quarter growth on...

If you’re looking for reasons to be bullish on stocks, check out the technicals. In a note to clients out Thursday, Stephen Suttmeier, a technical research analyst at Bank of America Merrill Lynch, outlined the case for why stocks look set to begin a “1950s-style” secular bull market. And for those of you who don’t remember the 1950s bull market, it was a big one. View photos “Given the post-Brexit capitulation on ‘rates lower for longer’ and the seismic shift to ‘a rising rate environment,’ the current secular bulltrend best fits the 1950-1966 secular bull market,” Suttmeier writes. “The 1950s...

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)

Another month and more foolishness in response to the bogus May jobs report. More complete falsehoods – let's call them lies, from the Obama Administration, being swallowed happily by the mainstream media and the cattle herd on Wall Street. It's human nature to want to run with the crowd even if you are not sure where they're all running to.  In the case of institutional investors - their 'Riverboat Gambler' instincts are taking over their rational minds.  Some of them are going to get caught with their tails in a crack, because this bubble in securities is just that.  And...

Wall Street stocks fell on Friday as a drop in JPMorgan Chase led to the end of Dow Jones industrial average’s 10-day rally, while the dollar retreated from a seven-month high despite more signs the U.S. economy is strengthening. With the pullback in U.S. stock prices, the broader Standard & Poor’s 500 index .SPX failed to make another run to break its all-time closing high, while European shares retreated from 4½-year highs. Investors shifted some money into safe-haven gold and U.S. and German government debt ahead of the weekend. … The Dow Jones industrial average .DJI ended down 25.03 points,...

We sat down with Mickey Fulp and while there’s not a lot to be happy about, many markets have been going up since the first of the year. And as the old Wall Street Maxim says, So goes January, So goes the Year. And you have to take your profits while you can get them. But of course you always need to have a core holding of gold and silver. The rest is extra money that you’ve hopefully been able to grow during the course of a very tough couple of years. There’s absolutely no indication that anything has fundamentally...

Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter (subscription required). Here is the gist, as reported by Bloomberg:"Since the early autumn here in the Northern Hemisphere gold has failed to make a new high. Each high has been progressively lower than the previous high, and now we've confirmation that the new interim low is lower than the previous low. We have the beginnings of a real bear market, and the death of a bull."For a bit of historical context, here is...

Jim Rogers didn't buy or sell anything during last week's commodity sell-off. He says he isn't good at market timing. What he does believe is that we're in the middle of a commodity bull market where everything will go up for years. Rogers tells the Economic Times: "5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes...

Inspired by the Fed’s $600 billion QE2 stimulus plan, the bulls flooded Wall Street with buy orders on Thursday as the S&P 500 joined its peers by soaring nearly 2% and clinching two-year highs. Today’s Markets The Dow Jones Industrial Average rose 219.71 points, or 1.96%, to 11434.84, the Standard & Poor's 500 gained 23.10 points, 1.93%, to 1221.06, the Nasdaq Composite soared 37.07 points, or 1.46%, to 2577.34. The FOX 50 added 14.22 points, or 1.65%, to 875.75. Beginning overseas and in the currency and commodities markets, Thursday's buying binge came just a day after the Federal Reserve fired...

A jagged July ends positive, and two battered bulls feel vindicated. First, a proprietary word: The Hulbert Stock Newsletter Sentiment Index (HSNSI) -- which the reflects the average equity exposure among a subset of the short-term market timing newsletters tracked by the Hulbert Financial Digest -- stood on Friday night at 35%, down from 47.5% on Thursday. Earlier this month, Mark Hulbert argued that the HSNSI's relative slow response to the market rebound off its July 2 low was bullish from a contrary point of view. Stocks are indeed slightly higher now, but so is the HSNSI. Mark Hulbert regards...