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David Loeper, contributor to Forbes Magazine has written a compelling article highlighting the power of indexing; even compared to the “magic” of investing superstar Warren Buffett.
In “Has Warren Buffett Lost His Magical Touch?,” Loeper examines the 3 year and 10 year performance of Buffett’s Bershire Hathaway versus the Vanguard Total Domestic Equities ETF (VTI).
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The Bureau of Labor Statistics (BLS) reported a weaker than expected jobs report this morning. An excerpt from the report:
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today.
Expectations were for an increase of 165,000 new jobs.
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According to John Navin, Contributor at Forbes Magazine, Charles Nenner, along with Tony Caldaro, and Ramki Ramakrishnan, expect the S&P 500 to top out between 1450 to 1500. All three are amongst the more accurate practitioners of Elliot Wave technical analysis, according to Navin.
The timeframe for the exhaustion of the move off this 4-month long bull market run is expected to be sometime in the second quarter.
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Laszlo Birinyi, Birinyi Associates, is predicting the S&P 500 could reach 1,700 before the end of the year based on historical patterns.
CNBC’s Melissa Lee asked Birinyi what he saw that was similar between this year’s market and the ones in 1982 and 1990. Birinyi responded that they were markets that got off to a very strong start. He indicated that since 2009 the best gauge of the market has been historical patterns.
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Byron Wien was on CNBC today providing his outlook and surprise predictions for 2012. According to host Bill Griffeth, Wien got 8 out of 10 predictions correct in 2011 (link).
Wien was too optimistic on the stock market (S&P 500) which he saw rising to 1,500 and too pessimistic on the 10-year government bond (yield above 5%).
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Crash Scenario in Place
August 3, 2011The stock market is currently collapsing after the S&P 500 closed below its 200 day moving average yesterday. The Dow is on track for its 9th straight down day; the first time since 1978. Previously, the S&P 500 approached the breakeven mark for the year in March and June. Both times marked a bottom and [...]