Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Friday, February 09, 2007
The MACD line for the S&P is getting into trouble...let's hope that trouble doesn't materialize! This graph is courtesy of StockCharts.com.
4 comments:
Anonymous
said...
Deborah,
In very general terms, what is your outlook for the stock market this year? Thanks very much, Jim
The 3-mo.10-yr. spread has improved. Although the curve is still inverted, fiscal policy will probably stimulate the stock market. Calling up troops and adding $70 billion to defense spending should help. The year prior to a Presidential election usually sees a strong economy and stock market.
Most importantly, quality spreads between junk and Treasury bonds are narrow. This spread is one of the best indicators I've ever seen. Junk bonds include foreign securities and foretold the Russian default in 1998 and the Asian crisis in 1997. Junk bondholders watch the cash flow of their debtors because they want their coupons and principal payments. When they have cash flow concerns, these worries move nto the stock market a few months later.
Junk bondholders are not worried about getting paid these days, and neither are stockholders.
The MACD line for the S&P is getting into trouble...let's hope that trouble doesn't materialize! This graph is courtesy of StockCharts.com.
4 comments:
Deborah,
In very general terms, what is your outlook for the stock market this year? Thanks very much, Jim
Isn't it better now than in mid January?
-Brian
Yes to both.
The 3-mo.10-yr. spread has improved. Although the curve is still inverted, fiscal policy will probably stimulate the stock market. Calling up troops and adding $70 billion to defense spending should help. The year prior to a Presidential election usually sees a strong economy and stock market.
Most importantly, quality spreads between junk and Treasury bonds are narrow. This spread is one of the best indicators I've ever seen. Junk bonds include foreign securities and foretold the Russian default in 1998 and the Asian crisis in 1997. Junk bondholders watch the cash flow of their debtors because they want their coupons and principal payments. When they have cash flow concerns, these worries move nto the stock market a few months later.
Junk bondholders are not worried about getting paid these days, and neither are stockholders.
Good words.
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