Tag Archives: Stock Market Valuations

Strategists’ Unnerving Unanimity Suggests Rising Volatility, but We Stay Positive as Investors Reach for Yield

Posted on December 18, 2013 by tomdoerflinger

It is getting harder to forecast the direction of the stock market.  A year ago there were still plenty of bears around and we expected the market to rise as cautious strategists, one by one, threw in the towel.  Investors … Continue reading →

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Defending Profitability: This Is Not Your Parents’ S&P 500

Posted on August 8, 2013 by tomdoerflinger

A few weeks ago I had lunch with the strategist for a major buy-side firm who has been correctly positive on stocks.  He said the biggest push-back he got on his bullish call was that profits would be weak.  It’s … Continue reading →

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Q1 Profits: Soft, but Good Enough for Further Valuation Levitation

Posted on April 9, 2013 by tomdoerflinger

The media does a terrible job of covering profits.  Here are a few tips. First, forget about the percentage of companies beating consensus, which is always way above 50% because companies guide estimates to a number they can beat. (Some … Continue reading →

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