Nadar Naeimi, a strategist for AMR Capital Investors Limited of Australia, chimes in as he adds his two cents to the discussion on when this rally in equities will end. AMR Capital, with the help of Naeimi, manages assets for some of Australia’s largest pension funds, with total assets under management close to $90 billion.
Click below to see this crucial report!
U.S. equities have vigorously rallied for the past six weeks to gain +20%, bringing the S&P 500 just above 1200, as Q1 2010 earnings hit the tape. In short, the charts are begging for a pullback, but earnings and economic indicators are giving no reason to sell. Most analysts agree that the good news is mostly baked in stocks, but sellers have left the building and buyers keep coming out of the woodwork.
Here we’ll focus on a few indicators related to the S&P 500, and tell investors why they should be taking profits at these levels.
“That will never happen to this country.” – Timothy Geitner in response to suggestions that the U.S. Treasury may one day lose its Aaa credit rating. Perhaps inspired by Niall Ferguson’s dramatic Financial Times piece, “A Greek Crisis Coming To America“, we see today as a prime opportunity to recap our short U.S. Long Term
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Earnings season officially began, as the first member of the S&P 500 and Dow Jones Industrial Average to grab Q4 2009 earnings headlines, Alcoa (AA), reported a net profit of $0.01 EPS on Monday, January 11. The shortfall to the $0.06 EPS market consensus was explained by CEO Klaus Kleinfield by the unexpected weakness in the dollar,
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The January 11-15, 2009 week will be crucial to the movement of equities and commodities over the next month. This addition of the Weekly Spectrum will recap the December Employment report and explain which economic reports will affect U.S. financial markets in the week ahead. The December Non-Farm Payroll report dropped traders' jaws as if they
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The Institute for Supply Chain Management surprised the world on Monday morning, as they announced the results of their manufacturing managers survey. The report is essentially a survey where every manager is asked to respond to his own experience. Each manager states whether they see conditions improving, deteriorating or remaining constant, with respect to thirteen main criteria. The December survey’s
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Is anyone else sick of the montage of blog posts and articles titled "yada yada yada 2010"? To institutional investors who have to decorate their books to look "pretty" for investor relations meetings, the end of the year is important, but to actual investors, traders, analysts, etc., (i.e. readers of this blog, Seeking Alpha, WSJ,
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With the autumn comes the brisk northern air that reminds us of the fragility of life and the strict laws of nature; lessons which most years occupy a few thousand microns of brain tissue as such trivial metaphysical notions pass under the radar of consciousness. Yet it seems that we humans subscribe to a separate reality
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Japan's revised 2009 third quarter growth fell to a third of the economy's previously reported GDP, as corporations slashed spending and prices fell. The initial estimate of 2009 Q3 growth reported the pace of expansion at 4.8% annually compared to the most current revision to 1.3%. Prime Minister Hatoyama announced a 7.2 trillion Yen ($81
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The following is a Soap Box rant in response to the question below from a good friend of mine. I felt compelled to share it with readers… Question: "So a lot of chatter here about the housing recovery and this being a good time to buy companies such as whirlpool and sherwin williams. (Basically stuff
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