Major Stock Market Hopes Were Dashed; What Now? (DIA, SPY, XLF, SDS, USO)
Sy Harding: Global markets have rallied for two weeks, which has investor hopes high that the rally marks the end of the market correction that began in March. Read more…
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Sy Harding: Global markets have rallied for two weeks, which has investor hopes high that the rally marks the end of the market correction that began in March. Read more…
Sy Harding: While the stock market has been a loser on a buy and hold basis over the last 12 years (the S&P 500 is still 14% below its peak in 1999), gold surged up 625% over the same period, from $255 an ounce in 1999 to its recent high of $1,850 in March. As with each of its previous record highs Read more…
Sy Harding: Consumers understandably like to see prices for commodities decline, the more the merrier, particularly gasoline (NYSEARCA:UGA) and energy costs (NYSEARCA:XLE). Read more…
Sy Harding: With the U.S. economic recovery stumbling again, the euro-zone debt crisis back in the headlines, and ‘Sell in May and Go Away’ on the minds of many investors, Wall Street is beginning to put out advice on how to prepare for a potential market correction. Read more…
Sy Harding: Another week of economic reports adds to the likelihood of a summer correction in the stock market again this year, and even to the possibility that it has already begun. Read more…
Sy Harding: Almost a year ago in this column I pointed out the eerie similarities in April (2011) to conditions the previous April (2010). And sure enough the similarities continued into almost identical 20% market corrections before the bull market resumed. Read more…
Sy Harding: It’s an old market maxim that the stock market often climbs a wall of worry. In the current rally the S&P 500 (NYSEARCA:SPY) has gained 29% since its October low, and the wall of worry it climbed has been impressive. Reports in October showed the economic slowdown in the first half of the Read more…
Sy Harding: There was much anticipation in advance of Friday’s Labor Department employment report for February. The report has a reputation for often coming in with a big surprise in one Read more…
Sy Harding: In Europe (NYSEArca:VGK), the euro-zone debt crisis has pretty much faded from headlines. The arrangements that will bail out Greece (NYSEArca:GREK)- at least for now – have been pretty much finalized. Read more…
Sy Harding: The surprises continue in the U.S. economic recovery. This week’s reports include that home prices rose 0.7% in December, an encouraging ending to a year in which prices were down another 2.4% for the full year. And existing home sales rose 4.3% in January. Even more surprising, the Read more…
Sy Harding: Kudos to central banks. The eurozone debt crisis produced two years of fears that it would result in financial collapse and a severe recession in Europe (NYSEArca:VGK) that would spread Read more…
Sy Harding: Most investors are aware of the market’s various seasonal patterns. In the Four-Year Presidential Cycle the market has a strong tendency to be positive in the last two years of each Read more…
Sy Harding: As I have often written over the last 25 years, the Federal Reserve has a lousy record of almost always being woefully behind the reality curve at important turning points in economic Read more…
Sy Harding: I’ve been writing some quite optimistic and positive columns since October, quite a contrast to the negativism I was exuding last April in explaining why I expected a significant market Read more…
Sy Harding: In investing much is said about the folly of following the crowd. It’s voiced in age-old maxims like “The market will do whatever it must to fool the majority”, and Warren Buffett’s advice to “Be fearful when others are greedy, and greedy when others are fearful”. Read more…
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