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An analyst view regarding the market
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Laulan
Master |
22-Feb-2012 09:50
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I think the reasoning is sound. We are into a good period, definitely with occasional profit taking.  My view is buy on dips always, and keep some in hand while take some profits along the way just in case. |
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Igony77
Member |
22-Feb-2012 09:45
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Hope you are right. Europe dipped too although Greece issues are temporaily resolved. All greens in Euro on day of meeting but red after deal is striked. Profit taking in progress I guess... |
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moneycow
Master |
22-Feb-2012 09:39
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Profit taking causes market red.  Later likely green back.......assumption nia...I can be wrong last 2 session same pattern. |
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settowin
Veteran |
22-Feb-2012 09:31
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So for my friends curious to know  what some experts are saying,  I  reproduce the views of Steve Reitmeister, renown analysts from Zacks Investment Research, who wrote to me this morning. 4 Reasons Why the Bull Market Rolls On   All those begging for a pullback to get on board this bull keep getting the door slammed in their face. Sure there is always a pullback somewhere, somehow. But what good is a 3% pullback if it doesn't come until after the market goes up another 5-10%??? What's important is to discuss the fundamental merits of why the market is moving higher. That can be broken down as follows:   1) US GDP is accelerating as can be seen by Q4's +2.8% showing. Recent job growth and economic activity points to more of the same in the future. 2) Europe is likely already in a recession. But they are not falling off a cliff. And they are not dragging us down either. (Again, reference point #1 above to see the non-effect they are having on our economy). 3) Corporate earnings are healthy with $104 EPS expected for the S& P 500 this year. A traditional market multiple of 14-15 would say that fair value is 1456 to 1560. Not there yet. 4) Cash is trash and ultra-safe 10 year Treasury bonds still pay just 2%. Gold isn't going anywhere soon. And neither is real estate. In that light, stocks are even more attractive versus all other reasonable investment alternatives. So are you on the bull train or under the train? Best,   Steve Reitmeister Executive VP, Zacks Investment Research |
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