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5 Reasons to be Bullish

By Faisal Laljee

This market seems to come back strong after each small pull back. I believe the reasons for being bullish are: Too many bears out there questioning every rally. More bears is good for the bulls because that means more people can turn bullish and go long. This also means that those that are shorting... »

Nasdaq Might be a Better Buy in the Short-Term

By Faisal Laljee

Get The Wall Street Journal for 75% off! The markets are up really big since March. But while the S&P and Dow Jones are up 37% and 30% respectively, the Banking Index (BKX) is up 135%. Needless to say, a good amount of the upswing in the market has been caused by the Banking... »

Is this Rally Sustainable?

By Faisal Laljee

Isn’t that the million dollar question? I mean the market has raced up some 35% since the beginning of March and the S&P is now positive for the year, after having hit 12 year lows less than 50 trading days ago. Here are just a few things to consider: This rally could be nothing... »

Calling the Bottom for S&P at 800

By Faisal Laljee

The S&P 500 index fell another 8% this week and now sits near 6 year lows. But unlike the last market crash from 2000-02, this market is not expensive. The heavy selling has nothing to do with lofty valuations, instead, a weak economy, slowing growth, and fears of a recession are whats driving investor... »

Market Seesaws Back from Down 250

By Faisal Laljee

The Dow has worked its way back up from being down over 200 points for most of the day. As I write this, it has just dropped 50 points in 5 mins. Volatility seems to be spiking upward everyday as we are seeing plenty of triple digit moves this week. In fact, this week... »

Earnings Season Will be a Closer Proxy for What is to Come

By Faisal Laljee

Earnings season kicks off tomorrow with Alcoa. For my money, this will perhaps be the most important earning season this year considering the shellacking this market has taken. Multiples have contracted severely since the peak in Feb in anticipation of lower earnings and reduced forecasts. Some stocks, specially financials might are likely to make... »

S&P Looks to Stay Below 1400

By Faisal Laljee

S&P has tried and failed to overcome the 1400 level consistently over the last couple of months. Today, it overcame 1400 for a bit only to fall back. in fact, as I write this, the rally that has lasted most of the day has completely evaporated and S&P is now lower on the day.... »

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