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’A tale of two stock markets
US equities could be in line for a secular bull market as soon as next year, but European stocks should be handled with care.
That is a synopsis of the latest thinking from Citi. For more details read on:
Jersey Shore and the (New York) stock market
Or rather, the Jersey Shore goes to the NYSE.
The cast of MTV’s car crash television show of the moment — now elevated to cult status in the States — will be ringing the opening bell at the New York Stock Exchange this Tuesday.
Why this is not the onset of a new secular bull market
By David A. Rosenberg, chief economist at Gluskin Sheff.
Related link:
Dave’s gonna hit someone – FT Alphaville
Six months of the sweet spot, DB says
Some thought the ‘sweet spot’ of the global economic recovery wouldn’t last till the end of the year.
But not Deutsche Bank.
In a note out on Friday, the bank’s fixed income team says that sweet spot could persist for another six or nine months:
On the matter of groupthink
Gluskin Sheff chief economist David Rosenberg makes a lucid point in his Wednesday report (our emphasis):
It does appear that we have some groupthink to consider — virtually everyone at this stage is now bullish on the market.
Volume alert
Market angst regarding a potential September turnaround appears increasingly to be penetrating the investor psyche — that’s despite recent proclamations by even long-time bears like Krugman and Soros that the current rally could indeed be the genuine article.
Bull-speed ahead
Perhaps the stars are aligned after all.
Meanwhile in London, the FTSE 100 has broken above 4,500 and is heading for a ninth consecutive session of gains:
Bulls vs Bears
From Merrill Lynch, who have just called the end of the recession based on the July Research Investment Committee report. Click to enlarge:
Merrill is clearly fully on the bull side of the table,
The bull case shredded
Bear market rally or start of a bull market? It is the question everyone wants answered right now. But George Magnus, senior economic adviser and green shoot weed-whacker at UBS, is in no doubt as to the answer.
Bull market Britain
Anthony Bolton‘s right! The FTSE 100 is up 21.6 per cent from its March low.
Which gives us an excuse to break out this JPEG:
