Salient to Investors: $19.99 sounds a lot cheaper than $20. The S&P 500 had trouble with the 1,000 level from July 1997 to September 2003, and then following the financial crisis. It took the DJIA from 1968 to 1982 to get comfortable with the 1,000 level. Nicholas Colas at ConvergEx
READ MORE... →Salient to Investors: American short sellers have been hurt for 5 years by the biggest market rally since the Internet bubble. Bearish wagers in the SPDR ETF are near 11 percent of its shares, the highest level since 2012. Bearish wagers against a technology ETF are 67 percent above the
READ MORE... →Salient to Investors: Ed Yardeni at Yardeni Research said a common worry was that the drop in bond yields may be predicting economic slowdown. Investors Intelligence’s percentage of bulls is at the highest level since January 2005. The conventional wisdom, at least among fixed-income traders and the smartest stock traders,
READ MORE... →Salient to Investors: Tom DeMark at DeMark Analytics said the DJIA will start declining if we get one daily close above 16,581, accompanied by an intraday high exceeding 16,661. DeMark said markets top on good news, not bad news, when you have exhausted the last vestige of buying. Sam Stovall
READ MORE... →Salient to Investors: Robbert Van Batenburg at Newedge Group said: The number of S&P 500 companies that have lowered their quarterly forecasts is at an all-time high, bringing the projected growth rate dangerously close to zero. The brutal US winter is not the only reason for a projected lackluster earnings
READ MORE... →Salient to Investors: The Nasdaq Composite is at 35 times reported earnings versus 17 for the S&P 500. Analysts forecast S&P 500 earnings climbed 1 percent in Q1. Chad Morganlander at Stifel Nicolaus said the rotation out of high-flying momentum stocks of 2013 into more value-driven opportunities will continue in the
READ MORE... →Salient to Investors: US-based emerging-market ETF equities and bonds are heading for their biggest monthly inflow since September, while global tech funds lost the most funds among 12 industries. Richard Titherington at JPMorgan Asset Mgmt said investors recognize emerging-market equities are cheap, rotating into sectors that have underperformed. Jennifer Vail
READ MORE... →Salient to Investors: Jeremy Grantham at GMO said: The slow recovery is due to the Fed’s actions. In the 1980s the US had an aggregate debt level of 1.3 times GDP versus 3.3 times debt now and yet GDP has been slowed – showing that more debt or QE does
READ MORE... →Salient to Investors: Sam Stovall at S&P Capital IQ said there have been a limited number of 6-year bull markets and if this market becomes a six-year bull market and performs similar to the others it would rise 26% to beyond 2340. Read the full article at http://www.businessinsider.com/bull-market-birthday-2014-3?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Markets%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_030614 Click hereto receive
READ MORE... →Salient to Investors: Strategas Research Partners said stocks are cheap. Of the respective 15-year average, their value in P/E ratio terms is 95%, in enterprise value to cash flow is 85%, in oil terms is 65%, and in gold terms is 58%. Jason Trennert at Strategas said a number of their
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