Here is an interesting excerpt from an article by Puru Saxena, tilted "Birth of a New Cyclical Bull?" in which I am in agreement.
BIG PICTURE - "Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria" - John Templeton, Founder of Templeton Funds
The coming year may go down in history as a bullish one. After the shocking asset-liquidation witnessed in 2008, the following 12 months are likely to provide above-average investment returns. Given the negative economic news and awful investor sentiment, my assessment may sound absurd but it looks as though the bear-market ended late last year and we are now in the early stages of a new cyclical bull-market. Below are some of the reasons why I believe the skies are clearing for a 4-5 year bull-market:
• Surging liquidity - central banks have pumped trillions into the banking system
• Low-interest rates - yield on cash and cash equivalents is at a historical low
• Declining corporate bond yields- risk appetite is returning
• Declining Ted Spread - inter-banking lending rate has declined, a positive sign
• Low valuations - various stock markets are trading at very attractive multiples
• Horrendous investor sentiment - a contrary bullish indicator
• Volatility has peaked - VIX has topped out and is falling
• US Dollar rally has ended - bullish for the markets
• Global stock markets are making higher lows - sign of base building
• Huge amount of cash on the sidelines - US$8.85 trillion or 74% of US market cap
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Last
$42.07 |
Change
-0.030(0.07%) |
Mkt cap ! $213.3B |
Open | High | Low | Value | Volume |
$42.29 | $42.43 | $42.07 | $244.2M | 5.785M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $42.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.08 | 1000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 42.060 |
4 | 1014 | 42.050 |
1 | 2930 | 42.040 |
3 | 1605 | 42.030 |
1 | 600 | 42.020 |
Price($) | Vol. | No. |
---|---|---|
42.080 | 1000 | 2 |
42.120 | 1000 | 1 |
42.180 | 539 | 2 |
42.190 | 1577 | 1 |
42.230 | 1000 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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