Bull Market

Bull Market

  • Stock Market

    Stock Market Observations

    February 07, 2017 BY Doug Ramsey

    The Major Trend Index stabilized in a moderately bullish range during the past several weeks, yet the Momentum/Breadth/Divergence category is almost the sole carrier of the bullish torch.

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  • Stock Market

    Tracking The Stock Market Top

    December 08, 2015 BY Doug Ramsey

    While the sequence of index peaks traced out YTD is not exactly a textbook one, the market’s internal diffusion is comparable to that seen at many major tops, including 2000 and 2007.

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  • Stock Market

    Another Retrospective On The Bull…

    June 05, 2015 BY Doug Ramsey

    Up front, we need to remind readers that the Major Trend Index is bullish at 1.08, and our tactical funds remain well-exposed to equities with net exposure of 60-61% (versus a range of between 30% minimum up to a maximum of 70%). That being said, we’re focused on the likelihood of a major defensive portfolio move in the near future, which probably comes as no surprise to Green Book readers (...what with us publishing a prepackaged obituary for the bull market just a month ago).

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  • Stock Market

    Spring Fever?

    April 08, 2015 BY Doug Ramsey

    We remain reluctant stock market bulls, with our disciplines supporting net equity exposure (targeting 55%) that “feels” too high based purely on instinct. We think our stay in the overcrowded bull camp will be short-lived.

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  • Stock Market

    The Bull Market Turns Six

    March 06, 2015 BY Doug Ramsey

    The bull’s 72-month lifespan now rates as the fourth-longest among all 23 DJIA bull markets since 1900, and the cumulative price gain of +179% ranks sixth.

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  • Stock Market

    Still More Bull Market Milestones…

    March 06, 2015 BY Doug Ramsey

    Mario Draghi will commemorate the global bull market’s sixth anniversary on March 9th with the initiation of a QE bond purchase program of 60 billion euros per month. Our own celebration has been subdued by comparison.

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  • Stock Market

    Margin Debt Revisited

    March 06, 2015 BY Doug Ramsey

    Stock market Margin Debt enjoyed a brief phase of notoriety when it eclipsed its 2007 high just over a year ago, then it retreated into obscurity. Now it may finally be telling us something.

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  • Stock Market

    Canary In The Coal Mine?

    February 06, 2015 BY Doug Ramsey

    The S&P 500 made a cycle high on December 29th, and in early February mounted another assault on that level. Ignoring valuations, the economy, Europe, etc. (not necessarily our recommendation), the most bullish observations we can make about the stock market are: (1) its peak is still recent; and (2) the S&P 500 had significant company at that peak—including the Transportation stocks, Utilities, Russell 2000, S&P 500 Financials, and even the NYSE Daily Advance/Decline. All in all, this action is broad enough that a final top shouldn’t be imminent.

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  • Stock Market

    Topping Out… But Patience Required

    January 08, 2015 BY Doug Ramsey

    Weight of the evidence suggests the bull market is in a broad topping process, likely begun in late-July. The duration, however, may be proportionate to the tremendous five-plus year upswing that preceded it.

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  • Stock Market

    Two For The Price Of One?

    January 08, 2015 BY Doug Ramsey

    Think the bull market is long in the tooth at almost six years of age? Maybe not.

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