Bitcoin, Bubbles And The Aging Adult-film Star Of The Stock Market

After that the next obstacle would be the 100-day at $49. A break and close above this could lead to a gap fill at $52. Monsanto (MON) is another compelling setup. The stock has regained the support of all key moving averages. It has an intermediate wedge pattern that could resolve to the upside at $107.10. PotashCorp (POT) also reclaimed its 8- and 21-day recently.

Rowes retirement-related products had helped the firm attract deposits in each of the past five years. The company gathered $17.1 billion in 2008 when U.S. mutual funds, excluding money-market funds, lost $225 billion to withdrawals. Janus Capital Group Inc.

7:58 am: [BRIEFING.COM] S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +11.50. U.S. equity futures hold modest gains with the S&P 500 futures up 0.3%.

Broadcom was another company that disappointed Wall Street with its third-quarter earnings. The communications chip maker fell 78 cents or 2.9 percent, to $26.36, reported adjusted results that exceeded Wall Street expectations, but the company’s earnings forecast was weak. It wasn’t all bad news from corporate America. Boeing raised its profit estimate for the full year because deliveries of commercial planes continue to accelerate. The plane maker’s stock climbed $6.54, or 5.3 percent, to $129.02.

You can follow him on Twitter @DanCaplinger . Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Procter & Gamble. The Motley Fool owns shares of PotashCorp.

Do you remember the PC Revolutionthe Automobile Revolutionthe Railroad Revolution and how they bubbled and how hundreds of companies were created, built into mini-juggernauts and then flamed out? Do you see how all those revolutions played out similarly? Human nature doesnt change. People start to see a new technology that catches traction, hits critical mass, and brings in more customers, which brings in more traction, which brings in more people who want to invest in the technology, and things start to get bubbly and fortunes are made and then the bubble pops as people recognize that you had to actually know which companies were making the right moves and developing the right technologies to stay in front of each respective revolution. Do you really question that mobile apps are revolutionary? Do you really question that were heading into an App Future?

Since the financial crisis, global stock markets have been driven by “macro” events which have caused stock prices to move in tandem (they have become highly correlated, in investment-speak), making it difficult for quality stocks to outperform. Consequently, most stock pickers have seen their research trumped by external events. Proponents of active management always claim that a stock picker’s market is web site just around the corner. They’re always wrong because arithmetic, not temporary economic events, dooms active management. Every dollar invested in the stock market is owned by either an active or passive investor.

Setting up for the biggest stock market bubble of all time

Even a soft earnings season is unlikely to derail the budding positive momentum in the broad market, the analyst said. Investors may award a free pass to the business sector, as uncertainty and modest order-book softness is expected, given the U.S. government shenanigans. Or, just toss all of it out the window and watch as stocks drop 40%; thats what our latest bubble believer Mark Spitznagel predicts (see below). No, this isnt a repeat of the same target from earlier this week.


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