Stocks have mostly erased big early losses, with the Dow (DIA, DOG) just nosing into the green -...


Stocks have mostly erased big early losses, with the Dow (DIA, DOG) just nosing into the green - its outperformance a result of H-P's 14% jump. The S&P 500 is off 0.3% and the Nasdaq off 0.1%.

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Comments (5)
  • Guardian3981
    , contributor
    Comments (2492) | Send Message
     
    This is not going to end well, a market that can't even have down days is not a healthy market. Look at Japans market, that should be a warning to all of what happens from a Central Bank driven rally.
    23 May 2013, 12:47 PM Reply Like
  • Kyle Spencer
    , contributor
    Comments (1240) | Send Message
     
    That's why it's called climbing a Wall of Worry.
    23 May 2013, 01:55 PM Reply Like
  • Tesla Revolution
    , contributor
    Comments (199) | Send Message
     
    Hope... It is the quintessential human delusion, simultaneously the source of human's greatest strength, and our greatest weakness.
    You see, there are two doors.
    The door to your right leads to Reason and the salvation of your hard-earned money.
    The door to your left leads back into the matrix, to Wall Street... and to the end of your savings.
    The problem is choice. But we already know what you are going to do, don't we? Already I can see the chain reaction: the chemical precursors that signal the onset of an emotion, designed specifically to overwhelm logic and reason. An emotion that is already blinding you to the simple and obvious truth: That this rally is going to end and there is nothing you can do to stop it.
    23 May 2013, 02:15 PM Reply Like
  • Financehulligan
    , contributor
    Comments (1056) | Send Message
     
    It will go down, that´s for sure.

     

    http://bit.ly/12ujsnZ

     

    Bernanke told us yesterday:
    - No one knows the fair value of an asset
    - FED see no sign of asset bubble (how can they, when no one knows fair value of an asset?)
    - US is like Japan was 15 years ago, and that´s why FED keeps rates at zero just like Japan did.

     

    What´s the problem?
    23 May 2013, 02:46 PM Reply Like
  • Ray Merola
    , contributor
    Comments (6467) | Send Message
     
    Markets tend to follow usual cycles. No one knows the precise timing of those cycles on any consistent basis. However, knowing how the cycles work can afford an investor some solace; perhaps even a slight edge. Not much.

     

    Stocks become over or undervalued based upon price as a function of earnings and / or cash flow. Very few exceptions.

     

    Dislocations between price and earnings and / or cash flow present buying opportunities or indicate it is time to sell. These signals are rooted upon the reasonable probability of an outcome, not a certainty.

     

    I view the stock market as a market of stocks, not a monolithic structure.

     

    Many stocks are looking above fair value to me now. Lots of stocks are at fair value. Few appear to be undervalued.

     

    Rarely does the market go straight up. However, a crash usually involves an event or chain reaction of events.

     

    Diversification is the only "free lunch" in town. Now is certainly no time to call for an exception.

     

    Good luck with all your 2013 investments.

     

    23 May 2013, 04:25 PM Reply Like
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