The Exchange
  • This Rally Is in Its Infancy

    By Andrew S. Parlin

    There are two decidedly different ways to look at the market’s rally.

    The first one invites caution. From its March 2009 low nearly four years ago, the S&P 500 has compounded at a spectacular annual rate of 24%. Against the backdrop of a long list of “overbought” signals, a cloudy earnings picture, and an economic recovery that appears to be struggling, why not bail? After all, this has been one heck of a good run.

    The other way to think about the market is to study its progression since WWII and note that the two very long secular rallies (1942-1968 and 1982-2000) were punctuated by two periods where the market took a very long time to advance to new highs (1968-1982 and 2000-?). This approach would acknowledge that markets may well be extended on a short-term basis. But it would also beg the question whether we may at last be coming to the end of one of those protracted periods of going nowhere.

    At the Inflection Point

    During the 14-year period from 1968 until the

    Read More »from This Rally Is in Its Infancy
  • Top Stocks of the Week: Feb 15

    Editors Note: The list of top tickers is derived from the quote pages that received the most views on Yahoo! Finance by examining data for the current week. It is not, however, a list of the most searched-for tickers on our site.

    1. Apple (AAPL)

    There was a time not so long ago for Apple that having the CEO attend the State of the Union address as a personal guest of the president and rumors of a new product on the way would have guaranteed a bump in share price. Unfortunately, those days have slipped well away from Apple and Tim Cook.

    Despite reports of an “iWatch” in development and being praised by the leader of the free world for bringing a token amount of manufacturing back to the U.S., the bad news continued to sour shares of Apple. This week, regulatory filings revealed that some of the biggest names in the hedge fund arena believe Apple is out of juice.

    “Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple

    Read More »from Top Stocks of the Week: Feb 15
  • Recent cruise ship fires
    Allure, April 20, 2012: Dubbed Royal Caribbean's "signature ship," the world's largest cruise ship had to change course to keep smoke from a "small and short-lived engine fire" from blowing back into the vessel.
    Azamara Quest, March 31, 2012: The ship drifted off the Philippines coast for 24 hours due to an engine fire, which injured one crew member. Power was restored and the ship made port to Malaysia; some passengers remained to finish the trip.
    MS Costa Allegra, Feb. 27, 2012: After a generator fire, the vessel had to be towed over the course of several days — across pirate territory — to the Seychelles.
    Costa Concordia, Jan. 13, 2012: After its captain ordered a change in its route, the cruise ship struck a rock and ran aground off Italy, leaving 32 dead. The captain's trial for manslaughter is due to be held this spring. Salvage operations are estimated to conclude this September.
    Bahamas Celebration, Dec. 21, 2011: The crew extinguished a fire in one
    Read More »from Carnival’s ‘Triumph’ Is Anything But
  • There’s no love lost between political parties this Valentine's Day as lawmakers edge closer to the automatic cuts in federal spending referred to as sequestration.

    Those reductions, an agreed-upon provision formulated during previous debt ceiling negotiations, are set to kick in March 1 if no resolution is reached, and they would carve $85 billion out of the government’s budget in the next seven months. President Obama and Democrats in the Senate are expected to unveil legislation Thursday to avoid sequestration. But the proposal, which reportedly includes items such as a minimum tax rate on those with earnings above $1 million, is not expected to make it through Republicans.

    [Read More: Democrats to unveil bill to replace budget cuts]

    With every day that passes, the sequester looks more likely, which has led JPMorgan economist Mike Feroli to lower his forecast for the nation's growth in 2013. JPMorgan’s previous outlook had assumed the cuts would be avoided. “That assumption is

    Read More »from JPMorgan Economist Cuts GDP Estimate for Sequester

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(696 Stories)
 
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