Wall Street opens lower on soft global data (Reuters) World investors cut stocks and hold cash as uncertainty dominates (Reuters)Black Friday Fizzles With Consumers as Sales Fall 11% (Bloomberg) This bearish indicator just neared its pre-crash high (CNBC) JD: You get the picture. But, do you get the BIG picture? Remember the great investor John Templetons advice, Shut out the noise. Record S&P 500 Momentum Forecast to Last Through Year (Bloomberg) The most accurate U.S. equity forecasters say December is the wrong month to abandon stocks that by some measures are rising faster than ever before. Gains that have lifted the Standard & Poor’s 500 Index above its five-day moving average for 29 consecutive days, a display of momentum unmatched in history, will last into the new year, according to Tom Lee, the managing partner of Fundstrat Global Advisors LLC. Jonathan Golub, the chief U.S. market strategist at RBC Capital Markets LLC, says earnings growth is too strong for rising valuations to derail the advance. bloomberg/news/2014-12-01/record-s-p-500-momentum-to-last-through-year-for-top-forecasters.html?cmpid=yhoo JD: Watch the video link below for some solid answers with historical perspectives to help you see the BIG picture.
Posted on: Mon, 01 Dec 2014 14:54:49 +0000
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