Tag Archives: Equities

Stocks Get Vertical & Vertigo

This is some chart.  Even if you assume a structural shift in valuations began when the Fed started backstopping markets after the 1987 crash, that puts the average valuation of the Wilshire Market Cap to GDP at 92.58 percent.   That’s … Continue reading

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Keeping Stock Market Returns In Perspective

We just want to pass on some data to keep this year’s stock rally in perspective.  We are seeing a lot super giddy behavior out there as the S&P500 makes a new all-time high but…wait for it…at record high valuations … Continue reading

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Buy, Sell, Or Hold?

Wow, Mr. Market at the 150-yard line again. Only the second time in history and everyone and their mother are all lathered up. The Week Before Christmas ‘Twas the week before Christmas,  when all through the House, the Dems were … Continue reading

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How Far Can The Stock Market Run?

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading

Posted in Economics, Equities, Uncategorized | Tagged , , | 72 Comments

Major Global Stock Market Caps

Hat Tip: @jessefelder Our Favorite Valuation Metric We had to post our favorite macro stock valuation measure.   Some caveats come with the comps, including exchange rate translation.

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Newton’s Q1 Law Of Motion For The S&P500

Newton’s three laws of motion may be stated as follows: Every object in a state of uniform motion will remain in that state of motion unless an external force acts on it. Force equals mass times acceleration. For every action, there is an equal and … Continue reading

Posted in Equities, Equity, Uncategorized | Tagged , | 2 Comments

S&P Hesitates At Key Level

The S&P500 looks hesitant to take out the key  .764 Fibonacci retracement level at 2792.59 before the Fed and ECB announcements.  Note the back-to-back Doji candlesticks. When and if the swing high of the correction at 2801.90 clears, the technical … Continue reading

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Key Levels You Need To Know

The S&P500 sliced through its 200-day moving average like a “hot knife through budda’” today.  It’s the first close below the 200-day in almost two years.  Significant. The next stop is the February 9th intraday low at 2532.69, the Maginot … Continue reading

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The Only Dip To Buy Is A French Dip

Stunning to watch the financial pundits and the action of some investors with their reflexive buy the dip mentality after the massive volatility shock.  The S&P500 moves straight up for two years without a back-to-back 1/2 percent correction and then … Continue reading

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Start Of A Mean “Mean Reversion” In Stock Values?

Asset valuations, including stock prices, eventually revert to their long-term mean (average) valuation or at least attempt to if not interrupted by outside intervention, such as central banks.    It has been the major factor in the steep sell-off in … Continue reading

Posted in Currency, Equities, Uncategorized | Tagged , , | 28 Comments