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Economy, Investing, Links, Markets

Art And Shipping Bellwethers Send An Ominous Signal For Markets And The Economy

This week two companies had some very interesting things to say about their respective markets that have implications far beyond their individual niches.

First, AP Moller-Maersk, owner of the largest container shipping company in the world, said it saw, “massive deterioration,” in its business last quarter, even, “worse than in 2008.”

Next, Sotheby’s most recent London art auction was held on Tuesday where the company saw sales fall by nearly 50% from the very same auction last year. Furthermore, the famed auction house is now seeing former buyers turn into forced sellers.

Investors should pay close attention to these two ominous warnings for one very simple reason: These companies have been very effective leading indicators for the both the global economy and the financial markets for quite a long time.

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Solent News & Photo Agency
Investing, Links, Markets, Posts

Why I’m Nearly As Bearish As I Was Bullish 5 Years Ago

I’ve been pretty bearish (and wrong – or early depending on your time frame) in these pages for a few months now. This week the stock market marks it’s 5-year bull market anniversary and what an impressive run its been. Five years ago I was rip-snorting bullish (and also wrong – or early – for a few months):

scTo quote Charles Dickens, we are currently facing “the worst of times.” By any measure, this is the worst economy America has witnessed in decades. However, for prudent investors in both stocks and real estate, “it is the best of times,” as we are now faced with a once-in-a-lifetime opportunity. –Fortitude in the Face of Crisis, 3/12/09

All three time frames [daily, weekly and monthly] are now aligned with [DeMark] Buy Signals. –TD Indicators: Another Tool for the Trader’s Toolbox, 3/10/09

All in all, there are many signs that the indexes are close to forming a major market bottom. –A Bird’s Eye View of the Bull and the Bear, 3/6/09

Stocks haven’t been this cheap in over 20 years. –Cheapest Stock Market in Decades, Part Deux, 3/4/09

Reading back through this stuff I can’t help but feel like I’ve stepped through the looking glass into exactly the opposite situation, as all of these signs have now reversed making this one of the worst times to buy stocks in decades.

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Links

Hit The Links

Your weekend reading:

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Links

Hit The Links

Here’s a little weekend reading while you watch the AT&T:

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Links

Hit The Links

Here’s a little reading for the weekend:

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