“At least one notable investor thinks we may be in bubble trouble again.
Sam Zell on Thursday at the SALT hedge fund conference in Las Vegas said stocks are due for a fall. The legendary real estate investor thinks the market is out of touch with what is really going on in the economy…"Right now you are buying at an all-time high," says Zell. "And there are times when stocks hit a high, and then go higher, but that's when you have a good economy." Story at…
…In aggregate, companies are reporting earnings that are 4.9% above expectations. Over the last four quarters on average, actual earnings have surpassed estimates by 4.1%...
…The blended revenue growth rate for Q1 2013 is -0.2%, down from an estimate of 0.4% at the end of the quarter (March 31). However, only two of the ten sectors are reporting a decline in revenues: Energy and Materials.” Excerpts from FACTSET at…
Monday, the S&P 500 was virtually unchanged at 1,634 (rounded).
The NTSM system sold at 1575 on 16 April. (This is just another reminder that I should follow the NTSM analysis and not act emotionally – I am under-performing my own system by about 2%!)