Sales of Dakota Residences encouragingHo Bee Investment and NTUC Choice Homes have sold 80 units at Dakota Residences over the weekend. The developers have so far released 122 units in the 348-unit project at an average price of $970 per square foot - lower than the $1,000 to $1,100 psf Ho Bee had indicated in June 2007 when the developers emerged as the top bidders for the 99-year leasehold site.
Hello Folks
Sorry for not being able to write for so long! But it is not easy managing three things at the same time - teaching, learning and maintaining 5 blogs. At the same time - looking after family ( my parents went to UK and will stay there for 6 months). In the meantime I [...]
Over the last couple of weeks, market sentiment has improved due to the fading of deep recession fears. However, as the reduction of these fears helps to reduce the negative outlook, it does little to create a positive, as long-term fundamentals are still uninspiring.
Last week the market was able to sustain several closes under its daily 50 period moving average. This puts a negative tone to
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«Griffonner, gratter, agir sur la toile, peindre enfin, me semblent des activités humaines aussi immédiates, spontanées et simples que peuvent l’être le chant, la danse ou le jeu d’un animal, qui court, piaffe ou s’ébroue ». Hans HARTUNG.
[...]
People usually retire after many years of service for one company and after many years of working with a group of people. Most days, people get wrapped up in the work that needs to be done so they forget to show their appreciation for their fellow workers. Bosses sometimes do not get a chance to show their appreciation for their workers on a regular basis. Retirement cards, gifts and par
Uncertainty over lease top-ups may affect sentiment - Singapore
Govt may approve shorter extensions or not top up leases
By KALPANA RASHIWALA
(SINGAPORE) The government’s recent decisions to either not top up leases of some leasehold sites to the original 99-year term or to approve shorter lease extensions could affect sentiment towards investment sales of such properties.
The decisions [
May 16 - The dollar fell the most against the euro in a month and depreciated versus the yen as a drop in consumer confidence and a surge in crude oil to a record increased concern U.S. economic growth will slow. The currency dropped for the first time in four days against the euro and was down versus most of its major counterparts. The Australian dollar touched a 24-year high aga
Banks, brokers fall on gloomy consumer data
By Alistair Barr, MarketWatch
Last Update: 11:43 AM ET May 16, 2008
SAN FRANCISCO (MarketWatch) — Bank and brokerage shares fell in early trading
Friday, coming under pressure amid unexpectedly gloomy consumer-sentiment data.
In addition, Standard & Poor’s spelled out the degree to which financial-services
companies have acted as an earn
May 7, 2008 Survey shows inflation has hurt business sentiment in S'pore SURGING inflation is not just affecting spending power - it is also having a damaging effect on business sentiment in Singapore. A recent survey of accountants found that 64 per cent had a neutral to pessimistic view of the local economy. Many expect growth to slow this year and that the employment outlook will be weak with few jobs created. It was not hard to find the reason for their gloomy view. Inflation was cited by 90 per cent of the respondents as their chief concern, with turmoil in the credit markets and rising labour costs also listed. In the survey - 202 members of the Institute of Certified Public Accountants of Singapore (Icpas) were polled - 79 per cent said rising food prices were the main contributor t
The movement in the currency market around news time is because of the way people perceive what the news is, not what the news actually is. From studying many experienced traders and my own observations, the fundamental movement from the news announcement is impactful but only temporary. The news will make a [...]
CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) strengthened yet again on Friday due to U.S business profit results surpassing expectations. This surge against the majors came despite U.S consumer sentiment falling in April to 26-year lows. Revised data showed that the sentiment index fell from 69.5 to 62.6, down from the initial April reading of 63.2. The US dollar rose against the majors on Friday on the belief that the Federal Reserve is nearing the end of its easing cycle. In share market news of the 263 firms in the S&P 500 index that have reported first quarter profits, 73% have matched or beaten market expectations. This result really helped drive the U.S dollar on Friday. The Dow Jones rose 42 points (0.3%), whilst the NASDAQ lost 6 points (-0.25%). Oil prices climbed 2% on F
Property market sentiment softensSupply of homes, vacancy rates up, but buyers discouraged by high pricesWeekend • April 26, 2008Esther Fungesther@mediacorp.com.sgTHE lacklustre property market seen in the first quarter of this year is likely to persist, with developers expected to launch more projects in the months ahead, increasing the supply of new homes even as buyers stay away.The prices of homes in both the private and public sectors rose at a much slower pace in the first quarter while the volume of transactions remained thin. Private home prices rose 3.7 per cent in the first quarter, according to the Urban Redevelopment Authority (URA), lower than its earlier estimate of 4.2 per cent and well below the 6.8-per-cent rise in the previous quarter.Developers sold 762 private residen
CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was softer against the other majors other than sterling despite no significant data being released, leaving the market to find its own direction based on sentiment. US Fed officials Kroszner and Evans both spoke on Monday, avoiding the topic of monetary policy in their comments. Kroszner touched on transparency in lending standards and standardization aiding the sub-prime mortgage market, but suggested the financial markets remained “bogged down by unease.” Troubled news continues to flow from the financial sector as the second largest U.S bank, Bank of America Corp., reported a 77% drop in Q1 profit brought about by US$6bn of credit write-downs. Speculation has mounted that Citigroup may cut its dividend again following on from billion
Please, let’s go back to some basics. Consumer spending is nearly 70% of the US economy. Spending on housing is a huge chunk of that. Virtually all of the spending since 9/11 has been debt driven. The average consumer is hunkering down right now, barely able to pay the bills they have and fill the [...]
The single currency stands near its all times high at 1.5976 versus the greenback which recorded yesterday amid accumulated inflation pressure in EU eliminating the chance of cutting interest rate in EU soon or may be this year. The data came ensuring what has just been said by ECB member Mersch which indicated that the interest rate will be held at 4.0% till the end of the year on the current inflation outlook for keeping prices will anchored.EU Mar HICP came above the market expectation of just 3.3% to 3.6% y/y which is the high of 16 year and 1% m/m. the core HICP came also higher at 2.7% y/y and .9% m/m and the market was expecting the core to be 2.4% y/y and .6%. In this same time US Mar CPI came lower than the expectations of .4% to be just .3% m/m and the core figure came at expecte
10:01 04/11 (CEP News) – According to preliminary data from Reuters and the University of Michigan, U.S. consumer sentiment fell sharply from March's final 69.5 to a score of 63.2, the lowest level since March 1982 when the index stood at 62.2. Economists had been expecting a deterioration to 69.0.The current conditions index fell from 84.2 in March to 78.4 in April while the economic outlook index fell from 60.1 to 53.4.The one-year inflation expectation jumped to 4.8% after rising to 4.3% in March.Prior to the release, many economists had been calling for a downside surprise to the indicator based on poor data from earlier in March."The consensus forecast was always way too optimistic given the huge drop in the Conference Board's index, and this survey has gone some way to closing the
US stocks were facing an uphill battle Friday morning amid disappointing earnings results from bellwether General Electric (GE) and as the Group of Seven finance ministers perpared to kick off their meeting in Washington.As of 6:35 am ET, the S&P Futures were down 3 points, the Nasdaq Futures were flat points, and the Dow Futures were down 17 points.Futures turned lower in reaction to the release of quarterly results from General Electric (GE). The firm reported first quarter EPS of $0.44, missing expectations of a $0.51 per share profit.CEO Jeff Immelt said the primary shortfall was in financial services, which were challenged by the slowing economy and difficult capital markets.Stocks rose on Thursday despite some sluggish retail sales results. It was a hectic day that saw the Bank o
On contrast of the market expectations of another losing of 45k jobs last month after Feb reported losses of 23k the ADP came positive by 8k added jobs downgrading Feb reading to just -18k. The data came underpinning the greenback across the broad. The data are strongly optimistic in this dark picture by the release of Mar non-farm payroll next Friday.In this same time and ahead of the coming G7 meeting, the market is reluctant to send the single currency higher further as it is expected to find European criticism of the recent single currency appreciation.We wait to find a repeating of its mantra that volatility in the forex market is undesirable and not good for stable growth and the Chinese Yuan is under valued and should reflect fundamentals.the fed's Chairman Ben Bernenke Testify befo
The importance of jewelry is marked by its prevalence in every occasion, be it engagement or wedding or anniversary. One facet of jewelry which resides by a woman forever, symbolizes the love and commitment of her man towards her, shields her trust and encloses the warm feeling of belongingness is the ENGAGEMENT RING.While most jewelry is used as a voguish and fancy tool of decoration, engagement rings are much more than a mere decoration. It is a representation of togetherness that a woman shares with her soul mate. It is a prelude to a new, bright life. The engagement ring, impeccably, holds a relatively higher position as compared to other facets of jewelry.The feelings and sentiments attached to it signify the selection of a perfect engagement ring as a means of expression.Diamonds kno
The game of financial markets functions to extract wealth from a majority of the players, and most of the public investors have now taken sizable losses and taken on extremely negative attitudes. They are probably wrong. Public Crowd Holds Mostly Trend Followers Trend followers represent those who tend to arrive “late to the party”. As the market peaked in 07, risk considerations did not exist for average investors; and now, as general volatility takes a breather, nothing but despair and misery. Numerous investors had liquidated stock positions taking relatively large losses, while professional traders began to cover short positions for profit. By the time moms and pops have expressed strong downside, cataclysmic sentiment; the festivity of liquidations would have reached
It is waiting to see market stance today ahead of the Fed's Meeting.The speculators are expected to take aside waiting for he rate decision which is expected to be a cut from .5% to 1.25% and its assessment which is expected widely to be dovish indicating this considerable cut action.The recent inflation rate of US Feb can show that there is a negative impact on inflation on the weak consuming and investing spending as the sluggish demand and the fear of recession.Yesterday, we have seen Series of weaker than expected data came from US today could not add to the greenback pains. March NY Fed Manufacturing number came -22 and the market was expecting just -8 also the TIC's came just 37bln and the expected was 81.3 also the capacity utilization was the weakest of 2 years at just 80.9% and fi
His co-worker Freamon is the man who found a balance between his work life and his private self, an equilibrium that came at a price. Freamon languished for 13 years-and four months- in the Kafkaesque hell of the department's pawn-shop unit before he finally transferred in Lt. Cedric Daniels' investigative unit. And it's Freamon who tries to slap some verbal sense into McNulty whenever the young detective lets his impatient heart get in front of his head"A life, Jimmy, you know what that is? It's the shit that happens while you're waiting for moments that never come."-Lester Freamon on The Wire
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 9.1% in March from 97.4 in February to 88.6 in March.
This is an extraordinarily large fall. Even though the 9.1% fall is around...
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French business confidence fell in February to the lowest in 13 months month and spending on manufactured goods slumped last month as accelerating inflation and slowing growth gripped the European economy.Insee, the Paris-based national statistics office, said today its index of sentiment was 107, the lowest since January 2007 and down from last month's revised 108. Spending dropped by 1.2 percent, the most since September 2006, Insee said in a separate report. Both were worse than economists expected.
On a weekly basis Bloomberg News publishes an Oil Sentiment Index. This index measures where institutional traders and investors believe Crude Oil will go over the next week. Last week on Thursday the 7th of February the survey indicated: 4% believed Crude prices will go up, 20% believe prices will stay the same and 76% [...]
Synergy Drive In Focusby Surin Murugiah~~Adopted from TheEdgeDaily.com~~KUALA LUMPUR: The listing of Synergy Drive Bhd this Friday could provide the much needed boost the stock exchange needs when most corporate earnings have been less than impressive while sentiment is weighed down by surging oil prices and slowdown in the US economy.Analysts and fund managers said retail investors had taken a backseat in recent weeks, fearing the backlash of the US subprime mortgage market crisis, record oil prices and some disappointing earnings of companies.Synergy Drive with its massive plantation operations, coupled with its involvement in the Bakun dam and undersea hydroelectric cable and power transmission to Peninsular Malaysia will certainly excite the market, they said.TA Securities head of research Kaladher Govindan said based on its market capitalisation as a whole, Synergy Drive would be positive for the local stock exchange.Synergy Drive’s reference price has been fixed at RM8.90. Base
Telugu producer MS Raju, who became a popular producer with several hits like ‘Satruvu, Police Lockup, Manasanta Nuvve, Okkadu, Varsham, Nuvvostanante Nenoddantana and Aata’, on the banner of Sumanth Arts had joined hands with SPR Entertainments Ltd and is bringing out a film Vaana in his own direction.
The film had a non-stop shooting since its [...]
If you are looking for an alternative investment with currency trading that is managed and having a low entry point, you may want to take a peek at FXTSP.com. Unlike the majority of hedge funds that requires an investor to be “accredited” or having a high net worth to be able to participate; a managed FOREX fund can be accessible to the smaller investor.
FXTSP offers two different FX managed account funds that have a minimum of only $1000 to open either account. The first one is the Sentiment Fund which has returned 31.30% YTD and has a medium risk factor. The second fund, Sentiment Aggressive has returned 52.11% YTD and has a high risk factor.
Sentiment Fund
“Using proprietary market positioning data, this fund seeks to exploit over bought and over sold market conditions. Based on a non-discretionary trading model, the sentiment fund typically trades 13 different currency pairs.”
Sentiment Aggressive
“This fund applies the same trade model as the Sentiment Fu
Successful filmmaker Sekhar Kammula is gripped with the sentiment of Kamalinee Mukherjee. The actress made her debut as heroine with Sekhar’s film Anand. She got rave reviews for her acting. Later, Kammula repeated her in his next film Godavari as lead heroine. Though, Kamalinee couldn’t get a break with this film, definitely it fetched a good name for Sekhar as a talented and creative director-Telugu Cinemass.
The actress was once again seen in the latest film Happy Days, in which she acted as a teacher. Her portion remained minimal but memorable. Sources said Sekhar Kammula is going to cast her in his immediate next film also.Photo courtesy:Totaltollywood.com
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I have been told by a couple of people that I might have been a little harsh on Kerri Houston in my recent post, and in my defense, I would say it is because I fear that the ongoing protectionism in the US is going to severely damage relations.
I wil agree that changes to the current situation are needed on both sides, and that there is an imbalance, but my fear is that within the U.S. little is being done to address what are clearly U.S. specific issues. Rather, the media and politicians point the finger towards China.
Case in point is this article that I found today called Trade jitters, anti-China sentiment rouse US voters where Reuters is reporting on a rally in Pittsburgh.
The article is a great report for me into the thoughts of Americans now, and while I am sure there are Americans who think otherwise, I would say that my concern is that the mood reflected in this article seems to be growing… and it is growing becuase the people are being fed misinformation about China,
Lawrence has a sentiment with respect to shooting his films. He appears to be not leaving Kukatpally Housing Board Colony for shooting key scenes. When he directed the film ‘Mass’ he used the place to shoot a temple scene. Now the introduction scene of ‘Don’ was shot at apartments opposite JNTU in Kukatpally Housing Board area.
Sentiments are very personal and Lawrence is the one who appears to be very sentimental with places. He has seen success with Nagarjuna by ‘Mass’. Now will he find the same success with Nag again by ‘Don?
That has to be seen.
bordering on poetry over at El Bloggo Torcido.
Tell me what you ate with the wine.
Tell me how the wine made you feel.
Tell me how it smelled.
Tell me what memories the wine evoked.
Tell me what senses were engaged.
Tell me what flavors excited you.
Tell me how it connected you with the people who made the wine, the people that grew it, the people who thought to share it with you…
Click on over and read the whole thing. It’s a pretty polemic against wine ratings, and it captures the emotion that anyone who has created something for others to enjoy feels when their creation is subjected to a highly reductionist score or rating.
But that way lies maddness; the type of maddness only artists can afford to indulge. And as El Jefe knows as well as anyone: we’re business people first and second. Artistry as a raison d’être comes in a distant third.
So Mr. Wine Reviewer, if your stars, points or grades help you communicate your opinion to hasty readers so impatient to cut
After the consumer sentiment numbers of 87.1 in April, the markets were surprised on the upside. Consensus was at around 85. Unfortunately, the report also showed an increase in inflation, and therefore a cautionary outlook.
Fortunately for Quiksilver (ZQK), the company continues to look like the best play out of the Summer consumer shopping season. Resistance may be found just above the 50 day moving average or in between the 50 and 200 day moving averages. $13.00 appears to be the best possible estimate for resistance in ZQK. Because of a the consumer sentiment numbers, investors should buy shares at the levels around $13.65.
EVV Satyanarayana was associated with Jandhyala, who gave several comedy hit films. Later he himself proved a successful director and directed almost all the top heroes and gave hit films.
On one occasion, EVV says, ‘In ‘Attili Sattibabu’, my latest film, there is a word ‘bikini’ in a lyric. So we were forced to make our [...]
In the past few months, Islamists engaged in “media jihad” have increased their efforts to expose as broad a Western audience as possible to their jihad films, which purport to document the growing success of the mujahideen in Iraq and Afghanistan. As part of this endeavor, they have posted jihad films on popular [...]
A young woman went to her mother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up. She was tired of fighting and struggling. It seemed as one problem was solved, a new one arose. Her mother took her to the kitchen. She filled three pots with water and placed each on a high fire. Soon the pots came to boil. In the first she placed carrots, in the second she placed eggs, and in the last she placed ground coffee beans. She let them sit and boil, without saying a word. In about twenty minutes she turned off the burners. She fished the Carrots out and placed them in a bowl. She pulled the eggs out andPlaced them in a bowl. Then she ladled the coffee out and placed it in a bowl. Turning to her daughter, she asked, "Tell me what you see." "Carrots, eggs, and coffee," she replied. Her mother brought her closer and asked her to feel the carrots. She did and noted that they were soft. The mother then aske
As popular as Mitt Romney may be in Utah, in the nation as a whole, he appears to be facing an uphill climb in terms of acceptance of his Mormon faith. The Salt Lake Tribune reports that a Rasmussen poll shows 43% of Americans claiming they would not even consider voting for a Mormon as President - that's a higher figure than previous polls asking the same question. The figure rises to 53% of evangelicals. "I think that any time you have a number as high as 43% saying they won't vote for somebody it's a surprise," Scott Rasmussen said.
At least Romney is not Keith Ellison. 61% say they would never vote for a Muslim for President.
Salt Lake Tribune - Many voters say they would never vote for Mormon president
That Lynn Swann Beer Pong post was popular. Really popular. So popular, it was Mondesi's House's #1-ranked traffic day of all time. That post reached so many people that I even heard from the maker of the Beer Pong table in the picture! So check out bingbongtables.com for the entire line of their wares.Continuing my anti-ESPN rant from yesterday, "ESPN and Big-Market Trends". Make sure to catch that comment by "Mel Ott". By the way, try and catch Dan Patrick's radio on Friday (1-3 PM here in Pittsburgh)...he'll be talking about ESPN's overcoverage of the Cowboys, I believe with Peter King. Apparently I'm not the only one upset with the Worldwide Leader.Dan Onorato bumped into Jim Balsillie at a Penguin game last week.The Cardinals scout who discovered Albert Pujols is now stocking shelves at Wal-Mart.Stewart Mandel says that Notre Dame is actually ranked too high in the polls. And he gives you evidence why.Charlie Weis is upset, fat: a beautiful rant on the team people love and l
Just a point of clarification on how I trade. Sentiment is my primary tool, BUT it is not a standalone. Sentiment gives me the set-up for a trade, but does not trigger the actual trade. Once I have a buy or sell set-up from my sentiment work, I then need to see confirming price action in order to trigger the entry into the long or short position. This explains what I meant in my last blog entry when I said that I was on "high alert" for a short-term top, it means that I am watching very closely now for adverse price action that would trigger the exit from long positions that I have held from the August low.
Hope everyone had a relaxing and enjoyable Thanksgiving Day. I am going to try and fight through my food induced comatose state to give a rundown on a plethora of sentiment data points that became available in the last 2 days, and then I will give my interpretation of what this data is indicating.On Wednesday we got the latest numbers from Investor's Intelligence on newsletter writers' sentiment. As one might expect given the continued market rally the Bulls increased to 58.5% and the Bears dropped to 22.7%, for a Bull/Bear Ratio of 2.62. While readings this high have marked tops in the past, most intermediate-term tops have seen Bull/Bear Ratios above 3.0, and in the most recent historical instance where the II figures were rebounding from a Bull/Bear Ratio below 1.0, like our current situation, the Bull/Bear Ratio actually rose above 3.5. That high water mark occurred in June 2003 and only produced a sideways consolidation into August 2003 before that marked surged ahead for anothe
A couple new data points the sentiment front this weekend:
TT weekly poll: 44% Bull, 56% Bear
SMS Sentiment Report (Nasdaq): 70% Bull, 18% Bear, 12% Neutral
Normally we also get a "Guess the Dow" from Tickersense over the weekend, but I guess Birinyi and crew took a long Thanksgiving day weekend away from their computers. Too bad as this has been one of my favorite sentiment indicators lately.
As of the market close on 12/1/06:
Zen's Market Barometer = +6 (scale of -10 to +10)
Model Portfolio = 120% Long QQQQ
The market barometer improved to +6 Friday due primarily to a short-term oversold condition. As a point of clarification, this barometer and the resulting mock portfolio changes are based on a 90% mechanical system that is comprised of several variables which includes sentiment
AAII weekly poll was mixed with 41% Bulls and 38% Bears. Not much to go on there.
AMG fund flows data showed another giant equity fund outflow of -$9 Billion excluding ETF's. However, much of this is distorted by year end capital gains distributions from the funds that are counted as outflows. This same week last year saw a similar phenomenon with a -$6 Billion outflow. Of course all those
The chart above shows an indicator I use based on the CBOE Equity Put/Call Ratio. Sentiment is overly bearish when the Blue Line is Below the Lower Red Band like it was from late July through early October. The chart shows that Bears capitulated around mid-October and by late November has reached overly Bullish status as the Blue Line moved above the upper Red Band, where it currently remains.
In my post last week title "Options Sentiment In Danger Zone", I shared an indicator based on CBOE Equity Put/Call Ratio that I use as a tool for identifying market sentiment extremes. The indicator was already in the "Danger Zone" last week, and after this week's action it has stretched to an even more extreme reading of excessive complacency on the part of options traders. As noted before this
Since the NDX put in it's rally high point on 11/24, the market has been undergoing a rotational correction where money just churns from one sector to another and very little headway is made to the downside. In December money flowed out of high beta growth stocks and into defensive value plays. So far early in this new year it has been the mirror opposite as the NDX and big cap growth has kept
In my Wednesday market update I noted:"...my options sentiment indicator shown above gave a sell signal today as the blue line not only dropped below the upper read band, but also broke it's uptrend line. That is indicative of bulls throwing in the towel and typically leads to a sharp decline in the near-term. The problem is that at the same time my intermediate-term market barometer has
I commented earlier about the fact that both the Blogger Poll and my sentiment indicators show that the majority of traders/investors are in the neutral camp with very few bulls or bears. Well, here's one more piece of evidence supporting that conclusion. The latest fund assets breakdown from Rydex (a family of funds geared to active market timers) shows 32% of all assets at Rydex are currently
The Blogger Sentiment Poll over at Tickersense is one of the more interesting sentiment polls that I regularly keep tabs on. What makes it so interesting is that so far it is the most stubbornly bearish poll out there. For example bulls have outnumbered bears in this poll only 2 times since the July 2006 lows.
Obviously the bloggers in this poll are not a momentum driven crowd. In fact, when I
Today the weekly Lowrisk.com Poll was released and guess what Bulls and Bears were evenly split (imagine that!) at 34% each with 31% Neutral. This is yet another data point along with the Blogger Poll, The Rydex Money Market Fund assets, and my own proprietary sentiment indicators (the Speculate-O-Meter, and Options Sentiment Gauge) that all point to a sentiment backdrop that is split right down
After a quick whipsaw last week, we've got another Sell signal from the Options Sentiment Gauge as it again broke the uptrend line and broke below the upper red band. There is another very crucial aspect of this current Sell signal, which is that it was made after the indicator put in a lower high on it's lastest bounce. So a further drop in this indicator would give the first lower high and
I have covered at length over the past few days the various sentiment indicators and polls that were showing and sentiment backdrop that is basically split down the middle, a sign of a great deal of uncertainty among investors/traders, and something that typically leads to a big jump in volatility shortly thereafter. Well, today Merrill Lynch Fund Manager's Survey was released and even it showed
From Today's Rasmussen Poll...
"The Investor Index, which measures the economic confidence of those who own at least $5,000 worth of stocks, bonds, and mutual funds, increased four points today to 146.2. Friday's Index is about two point higher than our first reading of 2007 and nine and a half points greater than where it was a month ago... The Rasmussen Investor Index reached its highest level
It's been a little while since I did a complete review the latest sentiment data. So here goes... The charts above show two of my favorite options sentiment indicators, and as you can see from the charts both are looking fairly toppy here. The first chart most of you have seen several times and as such probably needs little explanation. But for those who are new to the site, the chart is in the
Positives:
Markets made significant gains last week in almost all sectors, and weekend reading suggests this is expected to continue next week
Asian and European markets continued to make gains todayM&A activity continues with no sign of letting up. Today General Electric Co. agreed to buy Smiths Group's aerospace unit for $4.8 billion. Ample liquidity continues to support high share prices.
US
From Rasmussen Today:
"The Rasmussen Investor Index soared to its highest level in three years on Thursday. At 148.7, this Index is just two points shy of the highest level ever recorded. It is up six points compared to a week ago and nine points over a month ago. Seventy-eight percent (78%) of Investors say that their investments are worth more today than a year ago. Just 15% report that the
Today gave an interesting signal from my options sentiment gauge and something we haven't seen since the Summer swoon, a dramatic breakdown below the uptrend line and the upper red band after a failed test of that same uptrend line. Plus we have the first series of a lower high and a lower low, which signifies a reversal in the trend of increasing optimism and the start of a new trend of
From today's Rasmussen Poll:
"After dropping almost twelve points for four straight days, the Rasmussen Investor Index jumped six points on Tuesday. At 143.4, the Index about a half a point below last week's reading, but eight and a half points higher than its reading two months ago."
I wonder why the sudden jump in investor optimism? One more day with an equally large jump would put it at
I commented yesterday on pessimism was rising rapidly in spite of a relatively minor pullback in prices thus far. That is the stuff that bull markets are made of. Meanwhile, the rapid rise in pessimism is being reflected in my Options Sentiment Gauge in the form a sharply declining blue line. On Monday it broke through the 50% retracement support and the previous wave 4 support shown above, and
{mosgoogle right}TOKYO (AP) -- Japaneses shares rebounded Tuesday, with exporters such as electronics gaining on fresh fund flows at the start of a new fiscal year. Traders shrugged off dismal results from a business sentiment survey from the central bank.The benchmark Nikkei 225 stock index rose 130.88 points, or 1.04 percent, to 12,656.42 on the Tokyo Stock Exchange. The index lost 2.30 percent Monday.The Bank of Japan's quarterly "tankan" survey showed that the key se [...]