The S&P500 Vs. The Shanghai Stock Exchange Composite Index – March 28, 2012

Starting on May 3, 2010 I have written posts concerning the notable divergence that has occurred between the S&P500 and Chinese (Shanghai Composite) stock markets. The chart below illustrates this divergence; it shows the S&P500 vs. the Shanghai Composite on a daily basis, since 2006: (click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation …

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Building Financial Danger – March 21, 2012 Update

On October 17, 2011 I wrote a post titled “Danger Signs In The Stock Market, Financial System And Economy.”  This post is a brief eighth update to that post. My overall analysis indicates a continuing elevated and growing level of danger which contains  many worldwide and U.S.-specific “stresses” of a very complex nature. I have written numerous …

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The Level Of The VIX And The VIX Futures

In the February 7 (“The VIX Level Of 20 And Its Continual Significance“) as well as the February 6 (“Notable Technical And Sentiment Extremes In The Stock Market“) posts I discussed various notable aspects of the stock market, ones that I viewed as problematic and worrisome. In this post, I would like to provide an …

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Charts of Equities’ Performance Since March 9, 2009 And January 1, 1980

Three years ago today the S&P500 made its daily low close of 676.53.  (It made the ultimate intraday low of 666.79 on the prior trading day, March 6, 2009).   Many, including myself, consider March 9, 2009 as the start of this stock market advance. There are two charts I would like to highlight as …

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Standard & Poors S&P500 Earnings Estimates For 2012 & 2013

As many are aware, Standard & Poors publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings tag) Currently (their latest estimates are as of  February 29), their estimates for 2012 add to the following: -From a “bottom up” perspective, operating earnings of $104.89/share -From a “top down” perspective, operating earnings …

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Building Financial Danger – March 5, 2012 Update

On October 17, 2011 I wrote a post titled “Danger Signs In The Stock Market, Financial System And Economy.”  This post is a brief seventh update to that post. The current forecasting consensus among economists and investment professionals is one of slow (U.S.) economic growth, steady if not rising financial markets, and low probabilities (in two …

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Corporate Profit Margins – Current Levels And Sustainability

In the Wall Street Journal of March 3-4, there was a notable article titled “Playing the Profit Wave.”  The article discusses various aspects of corporate profitability, foremost among them whether profit margins are peaking. I believe that this subject is of great importance currently, and many facets deserve greater recognition; especially, the lagging growth in …

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Financial Stocks – March 2, 2012 Update Concerning Poor “Price Action”

On June 29, 2011 I wrote a blog post titled “Financial Stocks – Notable Price Action.” Although financial stocks have increased in price in 2012, I continue to believe that the longer-term “price action” of various financial stocks is disconcerting.  I view the poor performance of these financial and brokerage stocks to be one indicator …

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Financial Stocks – Relative Price To Overall Stock Market – March 2, 2012 Update

In the June 29, 2011 post (“Financial Stocks – Notable Price Action”) I wrote the following: I think that the relatively poor “price action” of various financial stocks is notable.  It is one of many current indications that overall stock market health is not as strong as a casual glance at the major indices would …

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Building Financial Danger – February 21, 2012 Update

On October 17, 2011 I wrote a post titled “Danger Signs In The Stock Market, Financial System And Economy.”  This post is a brief sixth update to that post. My overall analysis indicates a continuing elevated and growing level of danger.  There are many worldwide and U.S.-specific “stresses” of a very  complex nature, and many lack …

Read moreBuilding Financial Danger – February 21, 2012 Update