S&P500 Vs. Consumer Confidence

The following commentary and chart is excerpted from the October 14, 2010 ContraryInvestor.com commentary.  I find it interesting in a variety of different ways, and it raises a lot of questions with regard to the stock market, consumer confidence, QE1, and QE2… _____ “We have not touched on consumer confidence for a good while, but …

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Market Overview – Part V: Stock Market

(this is the fifth in a series of five posts concerning the markets) Lastly, a couple of charts showing the S&P500… First, one that shows the S&P500 on a weekly basis, LOG scale, since 2007.  I continue to find this chart interesting for a variety of reasons.  It shows that resistance has become support, as …

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Market Overview – Part IV: Stock Market

(this is the fourth in a series of five posts concerning the markets) Starting with my June 2 post I wrote of my expectation for a near-term stock market advance despite what I viewed as highly problematical future conditions.  I continue to maintain this view, albeit with the dangers discussed in the post of October …

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Stock Market Projected Earnings 2011

In the October 11-October 17 2010 issue of Bloomberg BusinessWeek, it had an article titled “The Corporate Profit Engine May Be Slowing.” The article contains a variety of information concerning earnings.  An excerpt: “For the first time in more than a year, Wall Street analysts cut their forecasts for Standard & Poor’s 500-stock index earnings …

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S&P500 Earnings Forecasts For 2010 And 2011

As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis.  My previous post concerning their estimates can be found at this May 30 post) Currently, their estimates for 2010 add to the following: -From a “bottom up” perspective, operating earnings of $82.87/share -From a “top down” perspective, operating earnings of $78.29/share …

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Thoughts On The Stock Market

The stock market appears to be at an important juncture. As seen in the below chart, by Ron Walker (thechartpatterntrader.com) there is the much-discussed potential Head and Shoulders formation that looms large: (click on chart to enlarge)(chart courtesy of StockCharts.com) As well, the VIX is just above 20.  As I have commented upon previously, over the …

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The Stock Market And The Economy

In the August 16-August 29 Bloomberg BusinessWeek, there is a quote from Jeremy Siegel in which he says, “The stock market’s telling us there’s some good things happening.  And I don’t think it’s only what they think Bernanke is going to say.  There is now a very broad consensus that this…is not going to develop …

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S&P500 Stock Market Forecasts

The August 16-August 29 2010 Bloomberg BusinessWeek had an article on stock forecasts titled “The Market’s Economic Disconnect.” Here is an excerpt: “The fastest annual earnings increase in 22 years will push the S&P index up 20 percent in the last six months of 2010 to 1,242, according to the average projection of 12 firms …

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