Home » Most Recent Stories

IBD REMAINS NEGATIVE ON THE MARKET

9 February 2010 by Cullen Roche 1 Comment

Investors Business Daily has proven quite prescient over the course of the bear market.  After keeping investors out of most of the 2008 losses they then told investors to jump back in near the March lows.  They recently turned bearish again and though short-lived the call has proven prescient. Recent action has been slightly more encouraging according to IBD.  Nonetheless, they have maintained their negative outlook on equity markets:

“Despite more losses Monday, a few factors about the session were encouraging.
First, the major indexes remained above Friday’s lows, which marked the deepest point so far in the current correction. So working on anattempted rally. Second, most of the day’s stock declines came in lower volume. The overall market’s loss in lower volume is generally the kind of action you’d like to see, bear market or bull. It indicates that institutional investors are playing a comparatively small role in the selling.”

Source: IBD

Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.
Comments
  • jt26

    Although a short article, it typifies why TPC is such a great site. I get another viewpoint, but also some great context from TPC as well. I get my cake and cherry without having to listen to the constantly shrill cholestrol mavens AND the Sara Lee sugar-pushers.

    02/09/2010 at 2:48 PM