nnuut
Moderator | TSP Legend
Re: Nnuut's Account Talk
Good information;
Market selloff: Year of the bear?
Fears of a slowdown in China and the U.S. spark a selloff. Is this just a correction or a sign of more bad news?
Jack Ablin, chief investment officer with Harris Private Bank in Chicago, agreed, saying the fact that durable goods orders were down is a sign of businesses continuing to hold back on capital investments, a development that he said is not new.
"Companies have been hoarding their cash. This is a continuation of a long string of disappointments from the corporate side. Businesses are being conservative," he said.
At the same time, Stine argued that the market was overdue for a correction. After all, the Dow and S&P 500 have each risen 12 percent in the past six months while the Nasdaq is up 17 percent. However, he added that the market could be in for a couple of rough days, if not longer, before things get better.
"The selloff could last for a while because we've had such a big runup over the past few months. This could feed on itself for a few days or few weeks," he said.
Sam Stovall, chief investment strategist with Standard & Poor's Equity Research, added that the market was long overdue for a drop like the one seen Tuesday. (read it all)
http://money.cnn.com/2007/02/27/markets/selloff/index.htm?postversion=2007022714
Good information;
Market selloff: Year of the bear?
Fears of a slowdown in China and the U.S. spark a selloff. Is this just a correction or a sign of more bad news?
Jack Ablin, chief investment officer with Harris Private Bank in Chicago, agreed, saying the fact that durable goods orders were down is a sign of businesses continuing to hold back on capital investments, a development that he said is not new.
"Companies have been hoarding their cash. This is a continuation of a long string of disappointments from the corporate side. Businesses are being conservative," he said.
At the same time, Stine argued that the market was overdue for a correction. After all, the Dow and S&P 500 have each risen 12 percent in the past six months while the Nasdaq is up 17 percent. However, he added that the market could be in for a couple of rough days, if not longer, before things get better.
"The selloff could last for a while because we've had such a big runup over the past few months. This could feed on itself for a few days or few weeks," he said.
Sam Stovall, chief investment strategist with Standard & Poor's Equity Research, added that the market was long overdue for a drop like the one seen Tuesday. (read it all)
http://money.cnn.com/2007/02/27/markets/selloff/index.htm?postversion=2007022714
.
I try not to be too conservative even though I'm close to retirement, counter productive! Sometimes though it's CP for MEEeeeeeeee!
