What Bull Market?

charts

A few ways to look at my chart above…

a) What bull market? No progress for any equity asset class in 18 months, lots of losses.

b) The fact that US stocks (large, mid, small, in the yellow circle) are essentially flat since last summer is just a consolation prize, I suppose.

c) The destruction to foreign equities and gold means lots of frustration.

d) Those saying that “markets” have run too far, too fast, have no idea what they’re talking about.

e) Earnings still matter after all. No earnings growth, no returns.

f) Thank god for buybacks. This would look materially worse without them.

g) During every secular bull market, there are years where stocks take a pause. This would be the charitable way of thinking about things.

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. fake watches commented on Dec 17

    … [Trackback]

    […] Here you will find 8581 more Information on that Topic: thereformedbroker.com/2015/12/18/what-bull-market/ […]

  2. nằm mơ thấy ốc đánh con gì commented on Dec 23

    … [Trackback]

    […] There you can find 79043 more Information on that Topic: thereformedbroker.com/2015/12/18/what-bull-market/ […]

  3. Replica breitling navitimer commented on Dec 30

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/12/18/what-bull-market/ […]

  4. bandar77 commented on Jan 24

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2015/12/18/what-bull-market/ […]