“Reaching a notional milestone like 20000 isn’t some magical sell signal or an indication that the Dow is doomed to drift or go down from here. “But the index’s own history should remind us all that the good times don’t roll forever. So Dow 20000 should make you cautious, not euphoric. “Owning stocks is a […]
Author Archives: Jason Kelly
Should You Avoid Bonds?
SUMMARY: Bill Gross warned investors to watch for the 10-year Treasury yield to exceed 2.6% as a signal that a bear market in bonds had begun. Here we go with another bond market scare, just like the wrong one of 2013 known as the taper tantrum. Market history shows that a rising rate environment causes […]
Posted in Bond Market Forecasts, Kelly Letter Show
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Ignore the Stock Market Permabears Yet Again
SUMMARY: Stock market permabears forever warn about a crash, and for good reason. It makes for reliable marketing because the stock market declines multiple times per year, on average. Soon after making their predictions, the permabears can often say they told us so. What they leave out is that their advice costs investors who follow […]
Posted in Kelly Letter Show, Stock Market Forecasts
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Gundlach: Watch 10-Yr Yield Over 3%
There will be “trouble for equity markets” if the yield on the benchmark 10-year U.S. Treasury note moves beyond 3%, Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Tuesday. Late Tuesday, the 10-year yield US10YT=RR stood at nearly 2.38%. In his first investor webcast this year, Gundlach said after the recent huge run-up in […]
Gross: Watch 10-Yr Yield Over 2.6%
Investors need to watch only one number in 2017 to figure out what returns are going to look like across the various markets, bond guru Bill Gross said Tuesday. Whether the 10-year Treasury yield crosses the 2.6 percent mark will be critical both to the bond market and to stock prices, the fund manager at […]
