Archive for the ‘Uncategorized’ category

Markets At A Crossroad

February 22nd, 2016

In a September 8, 2015 blog, I indicated my strong belief that a major worldwide bear market had begun. At the recent February 11 lows, the S&P 500 was about 15% below its May and July 2015 highs. Most foreign markets had suffered more significant declines. The dangerous conditions outlined in that earlier blog remain […]

Share

2015 disappointed almost all investors. At the start of the year, there was unanimity among strategists from all major investment firms that the Fed-supported stock market rally would continue. It did not, as the average U.S. stock declined and at year-end was 24% below its 52-week high. The strength in a small number of institutional […]

Share

The vast majority of U.S. stocks began to form a broad, rolling top back in November 2014. Historic price volatility has marked the months since then, as the world’s major central bankers have intervened with verbal or monetary support whenever market prices threatened an uncomfortable decline. Slowing economic fundamentals, however, limited subsequent rallies to the […]

Share

Worldwide Bear Market? Probably

September 9th, 2015

My most recent blogs – August 10 and August 11 – highlighted the unprecedented volatility that has characterized the U.S. stock market over the past year. I concluded that “…the potential for a major market collapse increases.” The market took out a down payment on such a collapse with its 1100 Dow point freefall in […]

Share

Volatility Continues

August 11th, 2015

Just a quick follow-up to yesterday’s analysis. Written on the weekend, we posted “Volatility Reigns” yesterday. The equity market volatility and indecisiveness profiled in that analysis was dramatically in evidence again yesterday and today. Before the market opened yesterday, traders celebrated the news that Warren Buffett was making a major purchase of Precision Castparts. The […]

Share

Volatility Reigns

August 11th, 2015

Through more than 46 years in the investment business, I have never before seen such extraordinary price volatility as has characterized the U.S. stock markets over this past year. In that time, the Dow Jones Industrial Average has alternated directions 33 times by amounts ranging from 300 to 2000 points. Twenty-nine of those moves have […]

Share

QUARTERLY COMMENTARY

July 28th, 2015

The second quarter saw a continuation of the frenetic volatility that has characterized the stock market environment since September of last year. The range in the second quarter was tighter, however, than in preceding months (back and forth from roughly 17,600 to 18,350 on the Dow) with essentially no net change over the three-month period. […]

Share

Fear At The Fed

June 18th, 2015

I strongly suspect that Janet Yellen is afraid to pull the trigger on the first rate hike.  Having passed on earlier opportunities to dismantle her debtor-friendly Zero Interest Rate Policy (ZIRP), she has painted herself deeper and deeper into a corner.  Raising short rates will likely lead to rate rises all along the yield curve, […]

Share

“China orders banks to keep lending to insolvent provincial projects.” That front page headline in the May 16-17 weekend edition of The Financial Times shines a spotlight on one of history’s most perilous financial conditions. Since the end of the 1990’s, we have been warning of the extreme danger posed by excessive debt. In this […]

Share

Since July of last year, the Dow Jones Industrial Average has experienced 16 price moves ranging from 600 to 2000 points, eight up and eight down. Twelve of those moves have taken place in the last five months, each lasting an average of just two weeks. This is highly abnormal market action, clearly demonstrating a […]

Share



Search

Thomas J. Feeney's Measure of Value. All rights reserved.
Disclaimer
Finance Top Blogs Blog Directory