Read the article--in the commodities column. Glut of iron ore to continue.
Sounds like a winning strategy. The more they hate you, the more money they give you? Sure.
All measures, P/E, P/S, PEG in areas never seen before. Take profits before May next Friday & "sell in May, Go Away" becomes the mantra.
There has never been a market where veryone is 100% bullish or 100% bearish. All it takes for a bull market to end is 75-80% bullishness (where it is now) or for a bear market to end, 75-80% bearish consensus. Even in 1929 right at the top, there were some bears--probably the 15-20% area.
Like I said Syb, the market cap. to GDP has already surpassed the 1929 record level. The crash could start any time, as early as May. If we get a blowoff rally (10% chance) then the crash will be more horrific.
I think the atrractive former millionaire sold it 84 years ago.
Maybe. maybe not. Market valuation to GDP ratio already has surpassed record levels of 1929.
Watch this Syb:
Don't go wildly bullish into May like Sybil.
This is a warning sign. Far higher than 1929, 1987, 2007 or even 2000. Stocks are grossly overvalued, even with low rates. They could become even more overvalued, but that is relying on "greater fool theory"--finding some greater fool like Sybil to come & buy them from you.
I was saying that months ago. What Sybil forgets is that there was a 10-12% dip in May 1929, before the summer rally. Expect a substantial May dip. Whether or not there will be a summer rally--impossible to say yet. Stocks have already exceeded the valuations of 1929 and 1987, so there may not be much of a summer rally.
Sybil turning bullish must scare the bejesuz out of the long term bulls. Sybil is the ultimate fool.
Bounce may be about over.
It was a false prosperity, based on borrowed money. Like giving your credit card to a poor relative--they can live well until they hit the limit.
Shipping is big--Greeks own much of the world's merchant fleet. Don't downplay agriculture--many specialty products--one of the most important olive & olive product producers; numerous other food products; tourism HUGE--one of the most popular destinations in Europe. there is hope.
Cheese prices through the roof--not good for the Hut.
If it shows weakness next week, may sell another 25%. Input costs, wages rising & now a bird flu epidemic may hurt KFC unit by raising chicken prices.