Happy Thanksgiving!
Source:
Editorial Cartoon
John Sherffius
November 25, 2008
Source:
Editorial Cartoon
John Sherffius
November 25, 2008
Archive for November, 2008
Have Analysts Morphed Into ManBearPigs?
The boys over at Bespoke noted recently that analysts have never been less bullish than they are currently:
According to Bloomberg statistics that track analyst buy, sell, and hold ratings, only 36% of all ratings are currently buys. As the chart below shows, this is the lowest level since at least 1997, and significantly lower than the 75% level we saw in 1997 and 2000.
If, for the first time in financial history, analysts are no longer bulls but still not outright bears what are they?
I fear there is only one other possibility and, if it’s true, no bailout will be able to save us from a truly disastrous fate. Only one man can save the world from the horrible ManBearPig…
…and that man is Al Gore:
(In all seriousness, add another bullish, contrarian indicator to the growing list.)
Source:
Analysts at Their Least Bullish Levels Ever
Bespoke Investment Group
November 25, 2008
Chart of the Day: Head Fake!
Well last week’s break below the 2002 lows was quite a head fake, wasn’t it?
Have Analysts Morphed Into ManBearPigs?
The boys over at Bespoke noted recently that analysts have never been less bullish than they are currently:
According to Bloomberg statistics that track analyst buy, sell, and hold ratings, only 36% of all ratings are currently buys. As the chart below shows, this is the lowest level since at least 1997, and significantly lower than the 75% level we saw in 1997 and 2000.
If, for the first time in financial history, analysts are no longer bulls but still not outright bears what are they?
I fear there is only one other possibility and, if it’s true, no bailout will be able to save us from a truly disastrous fate. Only one man can save the world from the horrible ManBearPig…
…and that man is Al Gore:
(In all seriousness, add another bullish, contrarian indicator to the growing list.)
Source:
Analysts at Their Least Bullish Levels Ever
Bespoke Investment Group
November 25, 2008
Chart of the Day: Head Fake!
Well last week’s break below the 2002 lows was quite a head fake, wasn’t it?
Chart of the Day: S&P/Case-Shiller Home Price Index
Home prices in the country’s largest 20 markets are now falling at an all-time record rate of 17.4%.
Sources:
National Trend of Home Price Declines Continues Through the Third Quarter of 2008
According to the S&P/Case-Shiller Home Price Indices
Standard & Poors
November 25, 2008
Home Prices for 20 U.S. Cities Decline Most on Record
Timothy R. Homan
Bloomberg
November 25, 2008
