If you ask me, the current bull market in U.S. stocks is hanging by a thread.
In fact, a decline that takes the Standard & Poor's 500 Index down below the 1,040 level - roughly 7% below where it closed yesterday (Wednesday) - would probably murder the bull-market case for stocks.
But until that decline actually occurs, don't rule the bulls out for the count.
That "thread" may be tougher than you think.
To see what's in store for U.S. stocks, please read on...
- Bull Market Update: U.S. Stocks Are Hanging By a Thread – But It's a Tough Thread
- Upbeat Earnings Will Fuel the Bull Market's Next Leg
When it comes to the health of the U.S. stock market over the next few weeks, corporate earnings will tell the story. Alcoa Inc. (NYSE: AA) kicks off the third-quarter earnings season on Wednesday. My guess is that over the next few weeks, as third-quarter earnings are reported, we will have the opportunity to witness […]