Amid the doom and gloom reports on the economy, Alexander Green says the stock market should perform well in 2009. The market generally recovers long before the wider economy, meaning big gains are possible even during a recession. And for the first time in half a century, stocks are yielding more than US treasuries, marking the return of a strong buy signal for stocks.
If you can stomach a roller-coaster year in stock markets, Justice Litle says small caps will offer the biggest profit opportunities in 2009. Most suffered heavy losses in 2008, and are available at bargain prices. Justice gives six reasons why small caps should lead any rally this year.
Traditionally safe dividend stocks have been whacked along with everything else by this credit crisis, as struggling companies are forced to slash payments. But David Newman says Reverse Convertible Notes are little-known securities that truly guarantee a steady income. And you never have to own the underlying stock…
Shares for Under Armour (NYSE:UA) jumped 26% yesterday. The retail company’s third quarter results exceeded expectations on the same day as the market posted a major rally. But Andrew Snyder says this is down to marketing hype.
Thomas G. Donlan’s new essay in Barron’s is titled “Lands of Waste and Debt” with the subhead “The states send signals that it will not be a happy Spring”, which makes me ask the obvious question “It won’t be happy for who?”, as I am all in gold, silver and oil, and I am dead-bang sure that I will be VERY happy for a long, long time…
US stock futures are down today following their worst single session yesterday in two weeks after oil, gasoline and corn hit record highs.
Dow Jones MarketWatch reports that S&P 500 futures fell 6.5 points to 1,353.80 and Nasdaq 100 futures dropped 8.25 points to 1,829.00, while Dow industrial futures fell 52 points.
Yesterday, the Dow Jones Industrial Average shed 49 points, the Nasdaq Composite lost 26 points and the S&P 500 fell 11 points.