Archives for October 2017

October 2017 - Page 11 of 23 - Money Morning - Only the News You Can Profit From

Global Equities See Corrective Pullbacks; Risk Aversion Still Low

World stock markets were mostly weaker overnight, on corrective pullbacks from recent gains that have put many stock indexes at record or multi-year highs. U.S. stock indexes are narrowly mixed in early U.S. electronic trading. Focus so far this week is on corporate earnings reports.

Gold prices are solidly lower in pre-U.S.-session trading. The geopolitical scene has been quieter the past couple weeks and that's allowed world risk appetite to uptick, which is bearish for safe-haven gold.

In overnight news, consumer prices in the U.K. hit a five-year high in September, at up 3.0%, year-on-year.

This Chart Helps You Keep Tabs on the Market's "Health"

It's hard to say anything bad about a market that keeps making serial new highs.

But there is a tragedy unfolding right now…

It's the sheer number of people hanging back on the sidelines, just waiting for something bad to happen to the markets.

It's not just the permabears, either – those guys never participate in rallies. And it's not institutional investors managing monstrous amounts of money, who have to start moving months in advance.

Rather, it's the regular people who feel like the market's "just too high," or stocks are "too expensive," or that they "don't want to get in at the top."

For whatever reason, those unfortunate investors are missing out, needlessly, on one of the greatest rallies of all time.

Here's one picture I'd show anyone on the sidelines who's anxious about getting in right now...