America's Economic Future – A Discussion By Ted Kavadas
As many are aware, Standard & Poors publishes earnings estimates for the S&P500. (My posts concerning their estimates can be found in the under the S&P500 Earnings tag) Currently (their latest estimates are as of November 22), their estimates for 2011 add to the following: -From a “bottom up” perspective, operating earnings of $97.48/share -From a “top down” perspective, …
On October 17 I wrote a post titled “Danger Signs In The Stock Market, Financial System And Economy.” This post is a brief update to that post. My overall analysis continues to indicate that there is an elevated and growing level of danger. Many prominent parties seem to be fixated on the European financial problems, …
On June 29 I wrote a blog post titled “Financial Stocks – Notable Price Action.” I continue to believe that the “price action” of various financial stocks is disconcerting. I view the poor performance of these financial and brokerage stocks to be one indicator among (very) many that serves as a “red flag” as to …
In the June 29 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 indicate. …
This post is an update to recent posts, that began on October 6 (“A Chart Of Recent S&P500 Price Volatility“) on stock market volatility. While I track many different measures of volatility, I find the following chart to be both simple and clear in depicting the recent outsized volatility in the stock market. This chart …
In my post of October 10 (“Near-Term Direction Of Stock Market“) I stated with regard to the S&P500: The question now becomes whether that 1074.77 was a “lasting bottom,” or whether there is more near-term downside. I believe that the 1074.77 low will not be a “lasting bottom” – i.e. it will be breached to …
In recent posts concerning the stock market, such as those of October 10 and September 29, I have commented : …the stock market “price action” feels very “unsettled” to me, and, as such, I think the “danger” here is rather high. In this post I would like to list a variety of areas that I …
This post is an update to the post of October 6 (“A Chart Of Recent S&P500 Price Volatility“) While I track many different measures of volatility, I find the following chart to be both simple and clear in depicting the recent outsized volatility in the stock market. This chart depicts the S&P500 in 10 minute …
In my post of September 29 (“Near-Term Direction Of The Stock Market – Update“) I had reiterated my view that the S&P500 would fall below the August 9 low of 1101.54. It did fall below that 1101.54 level, reaching a bottom of 1074.77 on October 4. The question now becomes whether that 1074.77 was a …
The following chart depicts the S&P500 in 10 minute intervals from July 20 through yesterday’s close. As such, it encompasses the progression of the stock market since its July 25 daily high of 1344.32: (click on chart to enlarge image)(chart courtesy of StockCharts.com) The blue line is a 50-period moving average. What I find notable …