[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Earth Changes Summary - June 2025: Extreme Weather, Planetary Upheaval, China’s Tofu-Dreg High-Speed Rail Station Ceiling Suddenly Floods, Steel Bars Snap Russia Moves to Nationalize Country's Third Largest Gold Mining Firm Britain must prepare for civil war | David Betz The New MAGA Turf War Over National Intelligence Happy fourth of july The Empire Has Accidentally Caused The Rebirth Of Real Counterculture In The West Workers install 'Alligator Alcatraz' sign for Florida immigration detention center The Biggest Financial Collapse in China’s History Is Here, More Terrifying Than Evergrande! Lightning Cash Jordan NYC Courthouse EMPTIED... ICE Deports 'Entire Building Trump Sparks Domestic Labor Renaissance: Native-Born Workers Surge To Record High As Foreign-Born Plunge Mister Roberts (1965) WE BROKE HIM!! [Early weekend BS/nonsense thread] I'm going to send DOGE after Elon." -Trump This is the America I grew up in. We need to bring it back MD State Employee may get Arrested by Sheriff for reporting an Illegal Alien to ICE RFK Jr: DTaP vaccine was found to have link to Autism FBI Agents found that the Chinese manufactured fake driver’s licenses and shipped them to the U.S. to help Biden... Love & Real Estate: China’s new romance scam Huge Democrat shift against Israel stuns CNN McCarthy Was Right. They Lied About Everything. How Romans Built Domes My 7 day suspension on X was lifted today. They Just Revealed EVERYTHING... [Project 2029] Trump ACCUSED Of MASS EXECUTING Illegals By DUMPING Them In The Ocean The Siege (1998) Trump Admin To BAN Pride Rainbow Crosswalks, DoT Orders ALL Distractions REMOVED Elon Musk Backing Thomas Massie Against Trump-AIPAC Challenger Skateboarding Dog

Business/Finance
See other Business/Finance Articles

Title: Hulbert: 'Making Bullish Case' for Stocks 'Getting a Lot Harder'
Source: [None]
URL Source: http://www.moneynews.com/StreetTalk ... 09102014&s=al&dkt_nbr=r2v6pn22
Published: Sep 10, 2014
Author: Dan Weil
Post Date: 2014-09-10 17:02:35 by BTP Holdings
Keywords: None
Views: 10

Hulbert: 'Making Bullish Case' for Stocks 'Getting a Lot Harder'

Wednesday, 10 Sep 2014 08:45 AM

By Dan Weil

Several different measures show the stock market may face trouble ahead, says Mark Hulbert, editor of Hulbert Financial Digest.

"Making the bullish case is getting a lot harder," he writes in his MarketWatch column.

First, there's Nobel laureate economist Robert Shiller's cyclically adjusted price-earnings (CAPE) ratio, which is based on 10 years of earnings. It stands at 26.4, trailing only the levels of 1929, 1987 and 2007. Those peaks, of course, were followed by stock market crashes.

"The CAPE isn't a perfect indicator, as Shiller himself will tell you," Hulbert says. But it's not just the CAPE ratio, he notes.

Ned Davis Research ranked 43 stock markets around the world based on cyclically adjusted price-to-book ratios, price-to-cash flow ratios and price-to-dividend ratios. The United States ranked 37th on price-to-book, 39th on price-to-dividend and 36th on price-to-cash.

To be sure, "even if the bearish conclusions of these diverse indicators turn out to be right, you should know that they are long-term indicators, telling you very little about the market's near-term direction," Hulbert explains.

Goldman Sachs sees stocks rising over the short run. "We upgrade equities to overweight over three months," Goldman analysts write in a report obtained by CNBC. "We expect earnings growth, dividends, and high risk premia to support returns."

Goldman was swayed by the new easing steps announced by the European Central Bank (ECB) Thursday, including interest rate cuts and asset-backed securities purchases.

"Following the dovish ECB decisions, we now see the risk to equities from higher bond yields as less imminent," the analysts said.

Read Latest Breaking News from http://Newsmax.com www.Newsmax.com/Finance/H.../id/593506/#ixzz3CwsXy3Jz

Poster Comment:

Stocks have always been the ultimate in gambling risk. Unless you are sure that you have a winner, best to stay out of it. ;)

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]