Dow Jones Industrial Average
Celebrations of the S&P 500's recent string of all-time high closes have been premature, as it turns out.
Yes, the Standard & Poor's 500 index set another nominal record today (Tuesday) with a close of 1,625.96.
But that doesn't account for inflation. If you apply Yale Professor Robert Shiller's CAPE ratio, the S&P 500's all-time high was somewhere north of 2,000 back in the year 2000 - some 24% below today's record close.
While that might sound like great news for Wall Street's bulls, Shiller's data - which has proven strikingly accurate at predicting long-term market trends - isn't nearly so optimistic about where the markets are headed over the next decade.
Stock Market this Week: Will Dow Soar Past 15,000?
The Dow Jones Industrial Average hit 15,000 Friday - so will the stock market this week see another new high?
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." program Monday morning to discuss how much higher the market can go. Listen to Keith's take on what's ahead for investors.
Q&A With Shah Gilani: How to Protect Yourself Against the Coming Meltdown
The month of April brought in more than 1,000 comments, questions, posts, shares, "likes," and emails from you and your fellow readers. That's an Insights & Indictments record. It shows that you're thinking, that you're mad as hell about what you see, and you want to do something about it.
First, please keep helping me get the word out about the crimes and lies being perpetrated by our "leaders." Forward these emails; share my articles online. Spread the word however you can. Together, we can make our voices heard. We can make this country better for our kids and grandkids.
Second, at your request, I'm working on something big. I believe this could be the vehicle for the change you all want to see. We're going after the "permanent political class" getting cozy in Washington in a brand-new way. And don't think Wall Street is safe. We're going after them, too. We're going to shake them both up and demand reform.
I saw some brilliant comments and questions from my last two articles - about Congressional term limits and breaking up the too-big-to-fail banks. For today's Q&A, I purposely didn't include those. I want to address them in a different way. You'll see what I mean.
Lots else to cover this month... so let's get to it.
Bond Market Crash Will Strike By 2016, Expert Predicts
Not only is a bond market crash inevitable, but it will hit sooner than many think - by 2015 or 2016 at the latest, according to Michael Pento, president of Pento Portfolio Strategies.
"It's the most overpriced, over-owned, oversupplied market in the history of American economics," Pento said of the bond market in an interview with The Street.
Pento compared the current bond market, with its historically low interest rates and flood of U.S. Treasuries, to two of the most recent bubbles - the dot-com bubble of the late 1990s and the housing bubble that burst in 2007.
A sudden bond market collapse isn't likely, Pento said, but his models tell him it will happen, one way or another, within the next three years. And investors will need to be prepared.
Is "Dow 16,000" a Reachable Target?
We all saw it.
Barron's April 20 cover showed a cartoon bull on a pogo stock, with the exclamation "Dow 16,000!"
So what's the investor takeaway - are we all in to 16,000, or is it a contrarian signal to watch out for a looming market pullback?
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FOX Business Network's "Varney & Co." program to answer that question.
Watch the following interview with Fitz-Gerald to find out.
Stock Market Today: S&P 500 Reaches Record Before May Sell Off Hits
The stock market today (Tuesday) paused after kicking off the week with strong, across-the-board gains that took the Standard & Poor's 500 Index to an all-time closing high.
The S&P rose 11.37 points Monday, or 0.7%, to close at 1,593.61, a hair above the index's April 11 record of 1,593.37. The Nasdaq tacked on 27.76 points, or 0.8%, to 3307.02, its highest close since 2000. The Dow Jones Industrial Average climbed 106.20 points, or 0.7%, to 14818.75, inching closer to the anticipated 15,000 milestone.
Shortly before noon Tuesday, stocks took a breather. The Dow dipped 32.62 points, or 0.22%, at 14,786.13. The S&P slipped 1.95, or 0.12%, at 1,591.66. The Nasdaq notched a gain of 5.2%, or 0.16%, at 3,312.
As markets march into May, trading is expected to slow. The old "sell in May and go away" adage has many preaching caution. Bespoke Investments reports two of the ten worst months of May in S&P's history have occurred during the current bull market (2010 and 2012).
Stock Market Today: April Set to Continue 2013 Winning Streak
U.S. equities followed Europe's lead and headed higher when the stock market today (Monday) opened.
Wall Street's mood was lifted after Enrico Letta was sworn in as Italy's prime minister, ending weeks of political gridlock in the ailing European nation. The news also propelled Italian stocks up more than 1%.
Shortly before noon, the Dow Jones Industrial Average was up 68.55 points, or 0.47%, at 14,781.10. The Standard and Poor's 500 Index was higher by 8.59, or 0.54%, at 1,590.83. The Nasdaq climbed 26.72, or 0.81% at 3,305.98.
Another lift to the stock market today came from a report on March consumer spending. The read was 2%, much better than and 0.1% rise economists had expected and up from a 0.7% gain in February and a 0.4% advance in January.
With just two more trading sessions left in the month, U.S. stocks are set to end April with gains. That would mark the fourth consecutive positive month for equities.
But it's about that time when the familiar spring swoon weighs on stocks in the near term.
According to data from Bespoke Investment Group, over the past 30 years, an investor who bought the S&P 500 Index every Oct. 31 and sold the following April 30 would have reaped a 898% gain. In contrast, buying every April 30 and selling every late October would have returned just 56%.
Stock Market Today: Don't Miss These Earnings Reports
Coming off the worst week of the year, U.S. equities were mixed in the stock market today (Monday) at we kick off a big week for earnings.
In mid-afternoon trading, the Dow Jones Industrial Average was down 14.19, or 0.10%, at 14,533.32. The Standard & Poor's 500 Index gained 2.50, or 0.22%, to 1,558.93.
The Nasdaq was up 20.17, or 0.63%, to 3,226.23. Â Â Â
Gold, which lost 7%, or $105.70 a troy ounce last week, was down 20 cents, to $1,426.30.
With Another Stock Market Record in Reach, Here's What to Do Now
It's time for some insight.
I'm constantly asked where I think the stock market is going next. Since the Dow recently reached new highs and the S&P 500 is pushing its old October 2007 highs, it's no wonder that's the question on everyone's mind and lips.
My answer is: I don't know where it's going. Â But I do know what to do about it.
Here's the thing...
How the Stock Market Today Digested Cyprus News
Worries over the plan to force bank depositors in Cyprus to help fund a $13 billion international bailout rattled global equities and sent the U.S. stock market today (Monday) lower.Â
Right after the open, the Dow Jones Industrial Average, the Standard & Poor's 500 Index and the Nasdaq were all sharply lower.
By mid-afternoon, all three indexes remained in negative territory with the Dow down 4.76, or .03% at 14,509.03; the S&P down 2.97, or 0.17%, at 1,557. 73, and the Nasdaq down 2.11, or 0.11%, at 3,247.
Sending global markets lower Monday was the unprecedented agreement reached this weekend over Cyprus' bailout plan.
The proposed plan - by representatives of the International Monetary Fund, the European Central Bank and Eurozone's finance ministers - includes taxing deposits over 100,000 euros ($128,950) at 9.9%, while those with less than that amount would be subject to a 6.75% levy.
The aim is to raise 5.8 billion euros ($7.52 billion) that would go toward the $13 billion international bailout of the country.