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Earnings Estimates

Analyst Will Power Does an About Face on Apple
Wall Street analysts are typically not an investor’s best friend. They usually place favorable...
- Posted January 31, 2013
- 0
Josh Brown: One Thing Will Drive the Market Higher in 2013
Blogger (The Reformed Broker), author and CNBC commentator Joshua Brown was speculating on the...
- Posted January 9, 2013
- 0
Tobias Levkovich Sees a Roadmap for S&P 500 to 1,615
Chief U.S. equity strategist at Citigroup Tobias Levkovich provided a bullish outlook for the...
- Posted September 13, 2012
- 0
Jonathan Golub: Without Financials Corporate Earnings Have Gone Negative
The chief U.S. market strategist at UBS Securities LLC, Jonathan Golub, was interviewed on...
- Posted August 8, 2012
- 1
John Bogle Comments on the Knight Debacle and Future Stock Returns
John Bogle, founder and retired CEO of The Vanguard Group, was a guest on...
- Posted August 6, 2012
- 0
Gary Shilling: S&P 500 Operating Earnings Could Plunge 20%
Bloomberg interviewed Gary Shilling this week who continues to forecast a fairly dire economic...
- Posted April 12, 2012
- 0
David Rosenberg Hasn’t Changed His Bearish Tune
On CNBC yesterday David Rosenberg, chief economist and strategist at Gluskin Sheff, and Thomas...
- Posted November 25, 2009
- 1

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Tom Lee’s Long-Term Bullish Scenario for the Stock Market
Thomas Lee, JPMorgan’s chief equity strategist, laid out his firm’s...
- February 4, 2013
- 1
Byron Wien is Looking for a Substantial Stock Market Correction
Speaking to CNBC’s Jackie DeAngelis, Byron Wien, Vice Chairman, Blackstone...
- February 2, 2013
- 0
Jeremy Siegel on What Will Send the Dow Above 15,000
CNBC’s Becky Quick interviewed Wharton professor Jeremy Siegel this week...
- February 1, 2013
- 0
Analyst Will Power Does an About Face on Apple
Wall Street analysts are typically not an investor’s best friend....
- January 31, 2013
- 0
Josh Brown: One Thing Will Drive the Market Higher in 2013
Blogger (The Reformed Broker), author and CNBC commentator Joshua Brown...
- January 9, 2013
- 0

Molson Coors Added
Investors continue to pile into high-flying technology shares and...
- October 1, 2020
- 0
Global Gold Miners ETF Allocation Increased
Cash available was added to the SMA Portfolio's holding...
- August 10, 2020
- 0
Dorian LPG Sold
As part of a change in strategy to gradually...
- August 10, 2020
- 0

Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
- 12
Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
- 8
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
- 7

Based on a scale of 1 (major complacency) to 10 (extreme fear): Current and Selected Past Readings:

Date	Index	SMA Comment
3/23/2020	7.0	Coronavirus and oil price war panic investors to the highest level of fear since March 2009
12/26/2019	2.3	Lowest level of fear in nearly two years (January 2018)
12/21/2018	6.7	Raised fears likely setting up a buying opportunity
1/11/2018	1.8	Unusually low fear could mean we're near the top in valuations
1/13/16	6.3	Terrible start to 2016 raised fears
10/3/11	8.5	A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense
3/9/09	7.0	Market bottom (S&P 500 @ 666); end of the world was nigh
10/27/08	8.8	Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers
10/12/07	3.2	Market top (S&P 500 @ 1,562); worldwide housing bubble pricked