The decade-long bull market in stocks — and particularly the rally from the December low — has created a horde of disgruntled bears lurking for a chance to scare. Their chance may be approaching.Last week the S&P 500 Index SPX, +0.14% tested the long-term trend-channel support shown below and bounced. However, as projected here last week, the bounce didn’t last, and this week brought a second test of the trend channel.
Originally published in the April 28, 2019 Profit Radar Report, the image below outlines my preferred scenario in broad strokes.Projecting a 600-point decline last month was bold, but the S&P 500 already got 150 points closer to the ideal eventual “revenge target” of around 2,350 . Bear revenge speed bump No. 2 Let’s suppose support at 2,800 does fail — the next “speed bump” would probably come into play around 2,700. Why?
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Big company CEOs got a 7% raise last year — worth $800,000Median pay for CEOs at S&P 500 companies rose to $12 million in 2018, as companies tie more of the compensation to stock prices still near record levels. 🖕 Wouldn't it be nice if median pay for teachers went up 10 fold? Wow. Just wow. Unashamed.
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What’s the main driver for the stock market: trade, earnings or the Fed?U.S. stocks on Friday wrap up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, but was followed by sessions marked by uncanny intraday swings that helped equities to limit losses.
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Uber is a 'once in a generation company' but the stock is going nowhere, Susquehanna saysSusquehanna has a neutral rating on the stock and a price target of $42 per share. It was an opportunistic business that didn't try to solve a problem so much as it exploited a deficit. All businesses that do this will end in flames. Basic economic principles predicted this fate and I am dumbfounded why so much money was put into it. Stupid!!! Hey just like this generation!! Here's the simplest guide you'll ever read on how to buy stocks
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