Wall Street Journal (February 7)
“In a week fraught with dual worries that artificial-intelligence giants are overvalued and that their products could upend entire industries, the blue-chip index on Friday surpassed 50000 for the first time.” The road here was “perilous” and even “rockier” days could follow. “An infrastructure buildout of epic proportions is underway. The exuberance is drowning out concerns—even among top Wall Street executives—that a significant correction is due.”
Tags: 50000, AI giants, Blue-chip index, Buildout, Correction, Dual worries, Epic, Exuberance, Fraught, Industries, Infrastructure, Overvalued, Perilous, Products, Rockier
Reuters (November 4)
“Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom.” And on Tuesday, the chief executives of Morgan Stanley and Goldman Sachs warned that “global equity markets could be heading towards a correction, underscoring a growing concern that investor optimism has driven valuations to sky-high levels.”
Tags: Boom, Concern, Correction, Dot-com, Equity markets, Executives, Fears, Goldman Sachs, Investor optimism, Market bubble, Meteoric, Morgan Stanley, Record highs, S&P 500, Valuations
Barron’s (March 31)
“AI has yet to cure cancer or drive a car cross-country. But it has upended corporate strategy and spending plans, and opened the door to an age of rapid problem solving, enhanced productivity, and machine-driven creativity.” Still, it’s unclear where AI’s potential leads. “The AI hype cycle has entered a new phase, with investors looking for a payoff. As some of the early enthusiasm fades, tech stocks have entered a correction.”
Tags: AI, Cancer, Car, Corporate strategy, Correction, Creativity, Cure, Enhanced productivity, Enthusiasm, Hype, Investors, Payoff, Potential, Problem solving, Spending plans, Tech stocks, Unclear, Upended
Fortune (February 21)
“The housing market correction just took a new turn,” which appears to be “brutal.” KB Home’s Q4 results revealed a buyer cancellation rate that shot to 68%, up from 13% year on year. The Q4 cancellation rate “also surpassed the industry’s peak cancellation rate of 47% during the darkest days of the 2008-era crash.”
Tags: 2008-era crash, 47%, 68%, Brutal, Buyer cancellation rate, Correction, Housing market, KB Home, Peak, Q4 results
The Economist (October 22)
“House prices are now falling in nine rich economies…. In condo-crazed Canada homes cost 9% less than they did in February. As inflation and recession stalk the world a deepening correction is likely.” Falling home prices are unlikely to lead to a global banking crisis, but “it will intensify the downturn, leave a cohort of people with wrecked finances and start a political storm.”
Tags: Banking, Canada, Condo, Correction, Crisis, Deepening, Downturn, Falling, Finances, House prices, Inflation, Intensify, Political storm, Recession, Rich economies, Wrecked
Bloomberg (March 8)
“When it’s just the yield curve narrowing, or oil jumping, or stocks falling into a correction, maybe you can hold off on panicking over a recession. When all three happen at once, the argument gets stronger that it’s time to take the threat seriously.”
Tags: Argument, Correction, Falling, Jumping, Narrowing, Oil, Panicking, Recession, Serious, Stocks, Stronger, Threat, Yield curve
Seeking Alpha (January 4)
“While analysts on Wall Street are confident the bull market will continue uninterrupted into 2022, there are more than enough risks to derail that market outlook. Importantly, none of these independently suggest a significant correction is imminent. However, the risk is that they will undermine the bullish ‘psychology’ of the market.”
Tags: 2022, Analysts, Bull market, Confident, Correction, Derail, Imminent, Market outlook, Risks, Undermine, Uninterrupted, Wall Street
Market Watch (July 31)
“Both Facebook and Netflix saw their shares fall into bear-market territory on Monday, defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory.” Some say there’s been a seismic shift, but “it remains to be seen if the recent moves represent a sea change for a reemergence for value, which has been overshadowed by growth plays, or if moves of the past few days are a blip.”
Tags: Bear market, Correction, Facebook, Growth Blip, Netflix, S&P 500, Shares, Technology sector, Value
Wall Street Journal (July 2)
Government cheerleading for stock prices leads to blame when they fall” and China’s increasingly bearish market is upsetting some investors. “As we warned in April, when the government talks up the market, it runs a risk that the public will hold the Party leadership responsible for a market correction. Beijing may feel that it has to support stock prices now to maintain social stability.”
Tags: Beijing, China, Correction, Government, Investors, Market, Risk, Social stability, Stock prices
Wall Street Journal (February 4, 2014)
The Nikkei’s fall puts added pressure on Shinzo Abe’s efforts to revive Japan. The correction may prove temporary, but it is surely a sign of underlying weakness in Abenomics, which should be fortified. “Policy makers shouldn’t govern by the wishes of stock markets, but in this case Mr. Abe could take a hint. If 2013 was the year when he hyped Japan’s economic prospects, 2014 will need to be the year when he starts doing something about it.”
Tags: 2014, Abe, Abenomics, Correction, Economic prospects, Hype, Japan, Nikkei, Policy makers, Stock markets, Temporary, Weakness
