{"id":1305,"date":"2009-05-07T07:36:30","date_gmt":"2009-05-07T11:36:30","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=1305"},"modified":"2009-05-07T09:59:56","modified_gmt":"2009-05-07T13:59:56","slug":"us-stocks-about-to-make-u-turn","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/","title":{"rendered":"U.S. Stocks About To Make U-Turn?"},"content":{"rendered":"

I think it's about time for a compelling argument that the stock market could be making a turn around...right? Well like it or not Chrisopher Hill, editor of Investorazzi.com<\/a>, has come to make an argument that he'll be defending in the comments section! So if you think otherwise tell him why!<\/p>\n

===================================================================<\/p>\n

Equities have been on a roll these past two months. On Monday, the Standard & Poor\u2019s 500 Index, which is a meaningful benchmark to investors because it generally reflects the movements of the U.S. stock market as a whole,\u00a0 reached a four-month high to close at 907.\u00a0 The tech-heavy Nasdaq Composite Index also has been on a tear, finishing Monday at 1,763--- up 11% for the year.<\/p>\n

At this point, many traders and investors are asking, is the current rally in equities sustainable?\u00a0 Or, are U.S. stocks about the make a U-turn and head south?<\/p>\n

Recently, a couple of legendary investors shared their views on where stocks might be heading.<\/p>\n

Back in early March, Marc Faber, who is famous for warning clients to get out of the U.S. stock market a week before the October 1987 crash, predicted that U.S. stocks would rally.\u00a0 On April 13, the money manager told a Bloomberg Television audience:<\/p>\n

<\/p>\n

\u201cNow the market in the very near-term has become somewhat overbought, and the correction should essentially follow.\u00a0 But I doubt we\u2019ll go and make new lows in the intermediate future\u2026 and that we have another push up into July, for the simple reason that the economic news is not good, but it will not deteriorate at a much faster pace, than when the economy collapsed and fell off a cliff between September and February of this year.\u201d<\/p>\n

On April 28, a piece appeared on the TIME magazine website in which Jim Rogers talked about his latest investment outlook.\u00a0 Rogers, who is more known for his work with commodities these days, shouldn\u2019t be forgotten for his accomplishments down on Wall Street.\u00a0 As a co-founder of the Quantum Fund with George Soros in 1970, Quantum gained 4,200% over the next ten years while the S&P 500 advanced only 47% during that same period.\u00a0 Anyway, this is what the CEO of Rogers Holdings had to say last week about U.S. equities:<\/p>\n

\u201cWe could have a rally for who knows, six months, a year, we could have a rally for a while after having had the kind of collapse we did. In the \u201830s the stock market rallied frequently. But in the end it was still the Great Depression.\u201d<\/p>\n

Legendary bond investor Bill Gross also has doubts regarding the sustainability of this latest rally.\u00a0 In his just-released \u201cInvestment Outlook\u201d for May, the founder and chief investment officer of PIMCO said:<\/p>\n

\u201cDo not be deceived by the euphoric sightings of \u2018green shoots\u2019 and the claims for new bull markets in a multitude of asset classes. Stable and secure income is still the order of the day. Shaking hands with the new government is still the prescribed strategy, although it should be done at a senior level of the balance sheet. If the government indeed becomes your investment partner, you should keep the big Uncle in clear sight and without back turned. Risk will not likely be rewarded until the global economy stabilizes and the Obama rules of order are more clearly defined.\u201d<\/p>\n

Even legendary stock investor Warren Buffett might be shying away from equities these days.\u00a0 In a piece that appeared on the NBC Philadelphia website on Monday, CNBC\u2019s Alex Crippen wrote:<\/p>\n

\u201c.. in a live CNBC interview with Becky Quick in the driveway of his Omaha home, Buffett repeats his long-held optimism that the economy will get better -- he just doesn\u2019t know when\u2026<\/p>\n

\u2018American economy is slow, and still getting slower, but that will turn\u2019 .. just don\u2019t know when .. hopes it\u2019s soon\u2026<\/p>\n

\u2018The cheaper things go, the better I like it\u2019 .. especially when compared to buying Treasuries .. stocks will beat out Treasuries over the long-run. Asked if he or Berkshire has been buying stocks recently, he repeated his statement that he likes things when they\u2019re cheaper.\u201d<\/p>\n

CNN Money\u2019s Colin Barr wrote that same day:<\/p>\n

\u201cBerkshire Hathaway is ready to make a deal at the right price, but it has nothing in its shopping cart right now, CEO Warren Buffett said Sunday.<\/p>\n

Buffett, the billionaire investor who runs the conglomerate, said Berkshire has $20 billion in cash and is \u2018perfectly willing to make a deal that\u2019s compelling\u2019 should one arise.\u201d<\/p>\n

If we are truly in a \u201ctrader\u2019s market\u201d these days, as Dr. Faber remarked some time ago, it might be best to watch out for a U-turn in U.S. stocks considering recent comments from some of the world\u2019s greatest investors.<\/p>\n

Christopher E. Hill
\nEditor
\nInvestorazzi.com
\n\u201cTracking The World\u2019s Greatest Investors\u201d <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I think it's about time for a compelling argument that the stock market could be making a turn around...right? Well like it or not Chrisopher Hill, editor of Investorazzi.com, has come to make an argument that he'll be defending in the comments section! So if you think otherwise tell him why! =================================================================== Equities have been […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1193,654,1954],"class_list":["post-1305","post","type-post","status-publish","format-standard","hentry","category-general","tag-christopher-hill","tag-investorazzicom","tag-market-finally-turning"],"yoast_head":"\nU.S. Stocks About To Make U-Turn? - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Stocks About To Make U-Turn? - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"I think it's about time for a compelling argument that the stock market could be making a turn around...right? Well like it or not Chrisopher Hill, editor of Investorazzi.com, has come to make an argument that he'll be defending in the comments section! So if you think otherwise tell him why! =================================================================== Equities have been […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader's Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-05-07T11:36:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-05-07T13:59:56+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"U.S. Stocks About To Make U-Turn?\",\"datePublished\":\"2009-05-07T11:36:30+00:00\",\"dateModified\":\"2009-05-07T13:59:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\"},\"wordCount\":810,\"commentCount\":16,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"christopher hill\",\"investorazzi.com\",\"market finally turning?\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\",\"name\":\"U.S. Stocks About To Make U-Turn? - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2009-05-07T11:36:30+00:00\",\"dateModified\":\"2009-05-07T13:59:56+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader's Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader's Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader's Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"U.S. Stocks About To Make U-Turn? - INO.com Trader's Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/","og_locale":"en_US","og_type":"article","og_title":"U.S. Stocks About To Make U-Turn? - INO.com Trader's Blog","og_description":"I think it's about time for a compelling argument that the stock market could be making a turn around...right? Well like it or not Chrisopher Hill, editor of Investorazzi.com, has come to make an argument that he'll be defending in the comments section! So if you think otherwise tell him why! =================================================================== Equities have been […]","og_url":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2009-05-07T11:36:30+00:00","article_modified_time":"2009-05-07T13:59:56+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"U.S. Stocks About To Make U-Turn?","datePublished":"2009-05-07T11:36:30+00:00","dateModified":"2009-05-07T13:59:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/"},"wordCount":810,"commentCount":16,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["christopher hill","investorazzi.com","market finally turning?"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/","url":"https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/","name":"U.S. Stocks About To Make U-Turn? - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2009-05-07T11:36:30+00:00","dateModified":"2009-05-07T13:59:56+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2009\/05\/us-stocks-about-to-make-u-turn\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader's Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader's Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader's Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1305"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=1305"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1305\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=1305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=1305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}