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Since the March bottom over seven months ago, the major stock indexes have rallied an impressive 60%. Certainly, there has been some improvement in our economy since those dreary days where the economic system appeared on the brink of collapse. However, you really must question whether or not the market is getting ahead of itself at this point. I think it’s [...] Here’s some intriguing conversation on whether the recent stock gains are a suckers rally…
As if I haven’t hit you with enough bearish posts these past few days, here’s one more for you from the ultimate bear himself… Peter Schiff. If you don’t know who Schiff is… you should. Schiff is one of the only people to call foul when the sub-prime boom was in full swing. Economists [...] So by now you’ve probably heard that the Federal deficit is going to reach $9 Trillion dollars within the next 10 years. I feel this spending is so much that most people aren’t grasping how much it really is. To put this somewhat into perspective… this year alone the Federal government will spend $22,000 more [...] Here’s another interview with Mohamed El-Erian on CNBC. Most of it is a restatement of his thoughts from his previous interview which I posted a few days ago… nevertheless, I felt it’s still worth posting. Basically, El-Erian is saying the markets are on a sugar high and it’s unsustainable. I agree with the [...] I found this really interesting chart on calculatedriskblog.com that matches up the lows of the three prior major bear markets and compares it to the market lows we reached in March. It’s a little scary to see that our current market rally is lining up closely to that of the great depression. I guess only [...] |
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October 2009 Is Eerily Similar To October 2007
Those who don’t learn from history are doomed to repeat it, that’s how the old cliché goes. As the major stock indexes continue their march higher, some find that these iconic words of caution are particularly relevant in our current environment. The argument can be made that the fundamentals unfolding presently are uncannily similar to [...]