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Joseph Calhoun's  Instablog

Joseph Y. Calhoun III is trained as an engineer and spent 8 years in the US Navy Submarine service. He has worked in the financial services industry for 17 years as a broker and investment advisor. He has published articles in numerous print publications and on line. An archive of online... More
My business:
Alhambra Investments
My blog:
Contrarian Musings
  • Market Update - Is the Bear Market Over?

    Is the bear market over? Is the recession ending? Well, stocks have rallied off their lows in impressive fashion, the economic backdrop is improving, the Federal Reserve is buying every kind of asset imaginable and the consensus seems to be that this is nothing but another one of the sucker rallies we’ve experienced over the last six months. Put all that together and I’m pretty comfortable with the idea that stocks can continue to rise for a while longer.

    One thing that a lot of the recent commentary ignores though is that while the Spring stock market rally has been nice, it still leaves the major averages down for the year.

    See Chart.    See Article With Charts.

    More »
    Tags: SPY, EFA, BBY, FXI, market update, economy
    Apr 16 10:12 am | Link | Comment!
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