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James Paulsen, of Wells Capital Management, and David Rosenberg, of Gluskin Sheff & Associates, debate whether the market has gone too far too fast.
After the DJIA fell over 50% into its low in March of 1938 it started a big bear market rally. How big? It proceeded to rally 64% over the following 224 days before peaking at a level that was then not overcome until 1945. Last Friday the S&P 500 was 64% off its March low [...]
Investors who don’t take profits with the Dow above 9,500 are “being piggish,” Cramer said Tuesday. He urged viewers to use this strength to sell some of their holdings.
Not that he’s expecting a meltdown. But another 3% to 5% pullback, which is common during a bull market, is likely, Cramer said. By cashing out, investors [...]
“We’re really back to where we were before the crash,” Clem Chambers, CEO of ADVFN, told CNBC Thursday when discussing the outlook for the stock market. Chambers expects a “really nasty correction or a very, very strong rally, nothing in between.”
When governments actually begin their exit strategies from fiscal stimulus it could cause a 25% [...]
Major world stock markets will likely stutter to the end of the year after a strong push since March to try to wipe out massive losses from a stinging global recession, Reuters polls found.
Quarterly surveys of over 180 equity strategists globally showed leading stock markets in New York, Tokyo and London would all end the [...]
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