Browsing Tag

equities

Way too much risk in the equity market

Following up on my “Sell equities” post, I want to highlight a factoid from today’s David Rosenberg’s Breakfast with Dave distribution. Never before has the S&P 500 rallied 60% from a low in such a short time frame as six months. And…

Sell equities

In late August, I wrote a post called “Getting bearish again” in which I said that the bear market rally I had anticipated back in March was long in the tooth.  At the time, I mentioned 1026 on the S&P 500 as a sell signal. …

Kass: Bearish on equities

This comes via TheStreet.com and Doug Kass, a noted market strategist: Many strategists (both bullish and bearish) assume that a fair value P/E multiple -- based on interest rates and inflation -- rests at about 15.5 times. Averaging…

Must read books for a good laugh

If you’re looking for a good laugh over the weekend, you might try Dow 36,000 by James Glassman, just hired as custodian of the George W. Bush legacy (hat tip Scott). It’s about the new strategy for profiting from the huge rise in the stock…

Getting bearish again

You have probably noticed a change in tone at Credit Writedowns since about June, but a lot more in the past month or so. Once mildly bullish due to the deeply oversold levels this Spring, I have become increasingly alarmed at the…

Major selloff coming?

Stock markets are seriously overbought right now.  But, the rally in shares has been bolstered by better than expected economic data and earnings reports.  I first pointed to a rally in shares in March, but I didn’t get fully onboard until…

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