S&P 500 Target 2013

I’ll go ahead and put my neck on the chopping block now.  I’ve never had a target before on the S&P 500 or Dow because I never saw much point in the exercise.  Unless you were trading in futures or a passive index investor, what’s the point, right?  I liked to think I am investing in companies and business prospects not broad unknowable market forces.  The last twelve months have been trying though.  It seems that the risk on risk off trade has been the place to be.  Most stock pickers have underperformed the market.  Why is that?  Even notable … Read more

Election is basically over according to Intrade

If you haven’t heard of Intrade, you probably are outside leading a normal life.  For those of you that haven’t, it’s the popular betting site that concentrates on political events. According to the Washington Post ” The site’s collective wisdom tends to be more reliable than than the cadre of professional pundits when it comes to forecasting election results. (And, yes, we are including ourselves in the “professional pundit” category — for better and worse.) In 2008, bettors got only two states wrong — Indiana and Missouri. Bettors thought Indiana would go Republican and Missouri would go Democratic. Neither prediction was right. … Read more

Enter the Bull – Barrons.com

Enter the Bull By GENE EPSTEIN | MORE ARTICLES BY AUTHOR Even by conservative measures, the Dow Jones Industrials could top 15,000 in two years. Dow 17,000 is a 50-50 bet. Based on cyclical patterns of market history, the odds are better than two chances in three that the Dow Jones Industrial Average will reach 15,000 or higher over the next two years. Based on the same cyclical patterns, there’s about a 50-50 chance that the Dow could hit 17,000 or more. Also, the broad fundamentals that could drive the Dow to new highs are fairly clear. The stock market enjoyed double-digit … Read more

Bear markets begin in good times. Bull markets begin in bad times.

By: Harvey Sax I haven’t been able to conclusively cite the origin of the above quote, ‘Bear markets begin in good times.  Bull markets begin in bad times’ but undoubtedly it was from an investor who survived the bear market.  The good news is that you can make money in any kind of market.  You can profit from the market rising or going down.  You can even make money in a market that doesn’t move at all. But what you can’t do is make money without a plan.  Ultimately you will only be successful by trading on your own ideas … Read more