“Strong job growth and falling unemployment, despite still-slow GDP, suggest that Fed hikes are on the horizon and likely strengthen the dollar further. We see risk of a near-term 5 to 9 percent dip.” — Excerpt contributed by Jason Kelly _____________________________________ Z-val: David Bianco Via: Bloomberg Date: 3/10/15 Disposition: Immediate-Term Bearish S&P 500 on 3/10/15: […]
Category Archives: Z-vals
Colas: Valuations Reasonable; More Volatility on Path Higher
“Valuations are reasonable now. They’re not low anymore. We’re at a level where we’ll still make new highs, but there will be a lot more volatility on the path higher.” – Excerpt contributed by Chad Berger Z-val: Nicholas Colas Via: Reuters Date: 3/10/15 Disposition: Short-Term Bullish S&P 500 on 3/10/15: 2044 S&P 500 on 6/10/15: […]
Siegel: Low Rates Are Long-Term Bullish
“The reason I’m not bearish is that interest rates are so low and even with the Fed maybe tightening in June, maybe September, they are going to remain well below their average for many, many years, and that’s a very, very important consideration — valuation of the market. … “I would not just look at […]
Siegel: 5-10% Drop Within Three Months
“We’re within 10 percent of what I consider ‘fair market value’ … Could there be a correction? We haven’t had a correction in so many years. Most certainly. … I certainly would not be surprised to see a correction in the next three months that brings the market down maybe 5 percent to 10 percent.” […]
Kass: Market View Remains Negative
“My market view remains negative and I am positioned defensively. Thus far, the market is indifferent to what I have seen as a deterioration in the macroeconomic trends and to rising geopolitical threats. … “Adding to the fundamental issues (estimated 2015 S&P profit forecasts have consistently dropped from $137/share to $119/share) is that sentiment is […]
