But he said
the current bull market in stocks may be nearing its end, which means people might look elsewhere for returns — and back toward hedge funds.
We, therefore, expect
the current bull market in stocks to grind forward still further.
Not exact matches
In general, so - called value stocks — often defined as those trading at earnings multiples below the market average or their own historical norms — have tricked a lot of investors in the most recent phase of the current bull market, which has worn on nearly seven and a half year
In general, so - called value
stocks — often defined as those trading at earnings multiples below the
market average or their own historical norms — have tricked a lot of investors
in the most recent phase of the current bull market, which has worn on nearly seven and a half year
in the most recent phase of the
current bull market, which has worn on nearly seven and a half years.
Those observations came the same day as
stocks set still new records as the ninth anniversary of the
current bull market approaches
in two months.
«The
current bull market is not going to end simply because «
stocks have gone up too much»... The buyside is fairly cautious, seeing downside stemming from: (i) deflationary pressures of the 40 % year - over-year oil decline, deceleration
in China, Eurozone weakness, and the fall
in 5 - year inflation breakevens; and (ii) Fed monetary tightening... Capital
stock is again showing signs of pent - up demand, and as a consequence, companies and households will have to invest.
This chart shows weekly price bars going back to the beginning of 2007, and thus includes the crash of 2008 and then the
current bull market for
stocks that began
in March 2009.
Consequently,
in the unlikely event that the
current bull market in US equities continues for one more year and gold - mining
stocks trend upward during that year, the gold - mining sector will then be vulnerable to the downward pull of a general equity decline.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for
stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for
market losses, particularly given that the
current bull market has now outlived the median and average
bull, yet at higher valuations than most
bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other
market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness
in the ISM Purchasing Managers Index
in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
If ININ reports another revenue miss, especially after the miss
in Q1, the
market could quickly realize that the hopes behind the
bull case just aren't enough to support the
stock at its
current valuation.
There is an ongoing debate about the character of the
current bull market in US
stocks.
Generally speaking,
stocks have been
in a staircase - like uptrend for most of the more than 9 - year
bull rally, so this general theory suggests that moving averages may be particularly powerful tools
in the
current market environment — if the
market is indeed trending.
For example, while managed futures as an asset class have generally underperformed
stock and bond
markets in their
current bull market, if one compares the rolling 12 month returns of various asset classes (bonds, hedge funds and managed futures) against the S&P 500 from 1994 to 2014, managed futures as an asset class rose when the S&P 500 declined.
These early increases, analysts say, are unlikely to derail the
current bull market for
stocks, because the Fed would be raising rates
in response to a growing economy.
The
current bull market for U.S.
stocks is the fourth longest
in history.
We have had nearly $ 400 billion
in outflows from
stock funds during the
current bull market.
It is unmistakably true that the 9 - year - long
bull market has pulled
stock prices up nearly across the board, often resulting
in valuations that don't seem to offer much upside from
current prices.
Chart 2 shows that the
current ratio is well below the ratio achieved
in the last two peaks (1999 and 2007), but well above the 1982
stock market low preceding the last secular
bull market.
First, you should ease up on
stocks if the
current bull market has left you with far more of your portfolio
in stocks than you intended.
In the
current bull market, the single biggest driver of
stock growth was Fed asset acquisition with electronic dollar credits (QE).