Posts Tagged ‘ market highs ’

S&P2K; a new highs odyssey

August 28, 2014
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S&P2K; a new highs odyssey

Please excuse the summer lull – anticipating more regular posts after a well needed period of summer travel! Two posts ago (in late May) focused on the market ascent to 1,900. In relatively short order, another centennial milestone is surpassed with the market melt-up to 2,000 over the past 15 trading days. Recapping the market action this summer (while CJF was on hiatus):         market hit new highs in July multiple on the S&P 500 approached 16.5x (notably representing new cycle highs) several geopolitical fears hit (Iraq, Syria, Israel, Russia/Ukraine) none of the geopolitical fears came close to corralling the bull (only a 4% pullback ensued) still no correction of 10% (for those keeping track it’s been over 1,000 days since one) since Aug 7th, there...

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1,900; now what?

May 27, 2014
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1,900; now what?

The US stock market, the best market in the world for a multitude of reasons, hit new highs on Friday, ascending to the 1,900 level, on a closing basis. The market is confounding because of the lack of normal draw-down (no meaningful pull-backs in a long enough time to be scary) and because many high profile stocks or stock indexes are way off recent highs. Yet the market is at a new high. This is based on capitalization weightings. An example can be found in the Russell 2000; comprised of the smallest 2,000 stocks within the Russell 3,000 (top 3,000 stocks in the US). The Russell 2000’s market capitalization is only about 8% of that of the Russell 3000. Select internet, growth, biotech, and small-cap stocks are under significant...

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