Word: marches
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
After a 40% rally in the S&P 500 off its March market lows, Wall Street strategists had been expecting a market pullback, or consolidation, as part of an orderly advance. But investors are also increasingly anxious that stocks have risen too far and too fast relative to prospective earnings. Even after the decline on June 16, stocks still sell at more than 20 times their expected earnings for 2009 - far from cheap. (See pictures of scared traders...
Despite June 15th's market weakness, investment managers are optimistic that stocks will not head back to their March lows, since the scariest part of the financial crisis appears to be over. That said, most do anticipate an ongoing correction that might take stock prices down another...
...California and former editor of the finance wonks' bible, the Financial Analysts Journal--penned a much discussed article for something called the Journal of Indexes. Arnott pointed out that while stocks still beat bonds over the long, long run, they actually lost out to 20-year government bonds from March 1969 through March 2009. That 40-year period is, by most standards, a pretty long...
This wasn't because stocks were a horrible investment during that time--$1 put into stocks in March 1969, with dividends reinvested over the years, was worth $280 after 40 years. But bonds did even better ($1 to $294). Siegel, who has debated Arnott on CNBC and elsewhere, sees this as evidence that bonds are now too expensive rather than an argument against stocks--and Arnott doesn't entirely disagree. "I'd hate to have people read that and construe that bonds will win over the next 40 years," he says...
...even had a nightmare scenario yesterday," a senior European diplomat said the day after the meeting with Burns and Ross in March. If a moderate were elected and negotiations with Iran still went nowhere, how would the U.S. and Europe stop Iran from going nuclear? With its centrifuges spinning, Iran could continue to amass enriched uranium while presenting to the outside world an openness to compromise, the diplomat explained. When it came time to confront a stalling Iran by dropping the carrots and applying the sticks, said the senior European diplomat, "Try to imagine how difficult it would...