Posts by Pras Subramanian

  • S&P 500 to hit 2,050 by year end: Stovall

    Pras Subramanian at Yahoo Finance25 days ago

    The pain trade. A term coined by famed stockpicker and Jeff Macke favorite Jesse Livermore. The premise being the market will do whatever creates the most pain of the most people. In that vain, Q3 was giving investors a nice ride to the upside until September 19th when stocks began sliding backwards surprising many.

    Sam Stovall, veteran strategist of S&P Capital IQ notes that not only was the S&P 500 (^GSPC) was up strongly for the quarter through September 19 th , it had posted May through September returns that were the reverse of mid-term election year averages since 1945.

    In the past week, however, Stovall says investors have been given a bitter reminder of why the market can be so confounding, meaning “the year in which one gives up on a reliable seasonal indicator is the year in which it will start working again.”

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