Sam Stovall
Sam Stovall
beaten buy held indeed industries market months past prior purchased seven
If you were to buy those industries that in the prior 12 months had beaten the S&P 500, if you had purchased those, held them for another 12 months, you indeed over the past 10 years would have beaten the market seven of those 10 times.
advances goes market months price renewal setting
There's a lot more uncertainty now, ... And we've had 18 months of price advances -- that could just be setting us up for a renewal of the defensiveness the market goes through during the May-Oct. period.
adopted approach care consumer defensive either found health investor market november returns worth
An investor who was long the market from November to April, but then adopted a defensive approach by rotating into either the S&P Consumer Staples or Health Care sectors during May through October, would have found ... that the returns were well worth the effort.
allow bull correction digestion gains maintain markets order percent require
Many say this much-needed digestion of gains is long overdue, as bull markets typically require a correction of more than 10 percent in order to allow the bull to maintain its upward tendencies.
earnings guidance market reasons work
The market has been in an irritable mood. If earnings and guidance are good, and there are no reasons to sell, then things should work out OK.
beaten best christmas december four horrible market months past retailers says season year
December is one of the best months of the year for retailers. Of the past four years, retailers have beaten the market. Typically, everyone says the Christmas season is going to be horrible and they don't want to be in retailers, only to see December do very well for the market and even better for retailers.
bull cyclical market october since
In this cyclical bull market that's been in place since October 2002, we haven't had a big pullback.
breath catch chances extended happen history possible sideways whenever
History would say that, whenever we have an extended up-move, chances are you need to catch your breath and go sideways for a while. Is it possible that will happen now? Yes. Is it necessary? No.
added downward election movement
I think the election added to the downward movement but it really was Dell that started it off.
earnings forecast growth near percent
The forecast from S&P is near 18 percent growth in earnings in 1997 over 1996,
additional continue earnings economic fed fuel investors likely lower negative numbers rates whatever
Investors are going to look at whatever economic numbers come out and say is this additional fuel for the Fed to lower rates in March. Earnings are going to continue to come out and they're likely to be negative so you're going to have earnings weighing on the market.
balance demand energy feeling good seem soon start stocks supply
Our feeling is that energy stocks will be good performers, ... While inventories seem to be in balance with demand now, we see that as being temporary, that demand will soon start to outpace supply this summer.
although clearly regard today woods
I would regard today as positive, although we're clearly not out of the woods yet.
begin cut died exposure far knowing note obituary percent raise reading stock
As far as the Merrill Lynch note is concerned, it's like reading an obituary that someone had died without knowing that they were still alive. Merrill cut its stock exposure to 45 percent, but why was it at 50 percent to begin with? That should raise some concerns.