Wall Street Journal (August 21)
“Investors are running out of reasons to keep buying U.S. stocks, exposing a growing number of warning signs. The historic calm that enveloped U.S. stocks for much of this year has been upended twice in the past two weeks…. It is too soon to call the end of the eight-year bull market, investors, traders and analysts say, but many agree the indiscriminate optimism that characterized the postelection rally is evaporating.”
Tags: Analysts, Bull market, Indiscriminate, Investors, Optimism, Rally, Stocks, Traders, U.S., Warning signs
Bloomberg (May 31)
“Chinese equities are once again in the cross hairs of short sellers…. The last time bearish bets were so elevated, such pessimism proved well-founded as China’s bull market turned into a $5 trillion rout.”
Tags: Bearish, Bull market, China, Cross hairs, Equities, Pessimism, Rout, Short sellers
Institutional Investor (September 18)
“Ebullient growth isn’t likely any time soon, but with no recession in sight, equity bears are likely to remain in hibernation.” The 6.5 year bull market in the U.S. still has further to run.
Institutional Investor (February Issue)
A bull market looks set to lift U.S. stocks in 2011. This will not, however, be a “sustained market drive.” One factor is missing: productivity growth. “Strong bull markets are propelled by long-term productivity growth.” The “bullish 1960s and 1990s” prospered on the back “of solid productivity gains.” In contrast, American worker-productivity is in general decline.
A bull market looks set to lift U.S. stocks in 2011. This will not, however, be a “sustained market drive.” One factor is missing: productivity growth. “Strong bull markets are propelled by long-term productivity growth.” The “bullish 1960s and 1990s” prospered on the back “of solid productivity gains.” In contrast, American worker-productivity is in general decline.
Tags: Bull market, Outlook, Productivity gains, U.S.
