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Five reasons to be bullish (!) on stocks, according to Brendan Coffey: (1) the S&P has...

Five reasons to be bullish (!) on stocks, according to Brendan Coffey: (1) the S&P has bounced off its 200-day moving average; (2) the market looks to be following its 2003-05 pattern; (3) S&P 500 firms are trading at just 15x trailing-year earnings, cheapest since 1994; (4) oil and gas prices are falling; (5) consumer demand is growing.
Comments (3)
  • What world does this person live in? I would agree from a technical perspective but not so from a fundamental perspective. Point number 5 is false.
    14 Jul 2011, 06:12 PM Reply Like
  • analysts are paid to do their job, they sometimes need to be bullish to get funds in
    having said that, Bernanke obviously hinted, either the economy gets better or another round of massive stimulus
    14 Jul 2011, 07:39 PM Reply Like
  • Analysts are paid to lie? His body language undermined his message, he seemed nervous while talking.
    14 Jul 2011, 09:31 PM Reply Like
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