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S&P’s Back To The Future: 1997
This Link is located in the Public Channel Contrarian Stock Market News and Views.
Posted by lucretius 48 days ago (www.contrarianprofits.com).  Views: 9
Tags: stock market news  contrarian investing  financial ideas  stock ideas
The S&P 500 Index (.INX) opened today at 795. That’s the first time the index has been below 800 since April 1997. Eleven years of stock gains have vanished.

The Dow Jones Industrial Average (.DJI) and the Nasdaq (.IXIC) are skirting 5-year lows.

To date, the 10-year return of the S&P is -16%. If that performance holds until the end of the year, this could be the first 10-year period in which the market has lost money. Your broker’s marketing materials may require some significant edits.

In other news…

Jobless claims surged to a 16-year high, while leading economic indicators erased gains from September. Wall Street has keyed off a stream of seemingly endless negative information. And primetime Senate hearings for the auto industry…

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Contrarian Stock Market News and Views (4,291 Links)
Created by lucretius 231 days ago in Finance. Views: 564. Link Views: 57,644
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As investment guru Rick Rule puts it, “You are either a contrarian or a victim.” In the financial world, most people are losers because they just don’t know what game they’re playing. They think they can just get “into the market” along with everyone [More...]
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