And the value of these unsold homes in the U.S. now exceeds (a) half-trillion dollars - up 33 percent from a year ago! |
And the value of these unsold homes in the U.S. now exceeds (a) half-trillion dollars -- up 33 percent from a year ago! |
In a maturing bull market, expectations are usually running at high levels for both economic growth and corporate earnings. And the higher the expectations, the greater the room for disappointment. |
Of the 14 bull markets in the S&P 500 index over the past 75 years, fewer than half have lived to celebrate a fourth anniversary. |
That's perhaps why October has this stigma. |
The comparison of the 2000s (to the prior two decades) will not be favorable from a historical perspective. |
The good news is that most of those that made it through three years did manage to extend another full year. |
The principle of it seems almost like an oxymoron. Most agents don't like it. |
The shorter the time until maturity, the less impact rising rates will have on bond prices. |
We are starting with stocks fully valued and short- and long-term interest rates still hovering near four-decade lows. Large bull-market moves are generally accompanied by, or preceded by, declining rates, and we don't have that scenario today. |
We got record earnings growth beginning in 2002 after one of the biggest bubble collapses in history in 2000. Just wait until the next recession when earnings growth turns negative again, and people will understand that earnings don't always grow 15 [percent] to 20 percent. |
We're tending to steer towards those sectors that are going to benefit from an economic recovery, |