Access our posts on your Bloomberg terminal: NH BLG_TICKER_SENSE 
| Stay in the loop: |
| Subscribe to Birinyi's free mailing list |
Search Ticker Sense
Search Investment Blog Network
Until the end of April we are offering a discount on a one year subscription to our Reminiscences newsletter. Get twelve issues of Reminiscenes for $168.75 or 25% off!!!*
Our Conservative, Growth and Trading portfolios are up 14%, 8% and 11% respectively vs a 10% gain in the S&P 500.
* Vaild for only new subscribers and valid for one year only.
We have noticed a curious pattern over the past few weeks: the S&P 500 has had 13 consecutive trading days of alternating closes (“down” day followed by a “up” day or vice versa).
The only other period that the S&P 500 has had more consecutive “up/down” (or vice versa) days was March 1934 when it went 15 trading days. It logged 11 alternating days in June 1981 and 10 in April 2002.
Blogger Sentiment Poll Participants:
24/7 Wall St (-) The Aleph Blog (-) Biiwii (-) BullBear Trading (-) Carl Futia (+) Dash of Insight (+) Dividend Growth Investor (+) Elliot Wave Lives On (+) Expected Returns Fallond Stock Picks (+) Global Economic Intersection (-) GEI – Investing Blog (-) Humble Student of the Markets (N) In the Money Learning Curve (-) MaoXian Night Owl Trader (-) The Mess That Greenspan Made Peridot Capitalist (-) Prometheus Market Insight PUG Stock Market Analysis (N) Quant Investor (N) Shanky’s Tech Blog (-) Short Takes (-) Smart Money Tracker (+) StockAdvisors.com Traders-Talk ValuePlays VIX and More (N) WallSt. Cheat Sheet Wall Street Sector Selector (-) Wishing Wealth Zentrader (+)
Using major analysts' price targets, Wall Street now expects the DJIA to rise 5.6% to 15, 485 over the next twelve months. This compares to a previous target of 14,570 as of December 31st.
Since the beginning of the year, analysts have raised their target price on 24 of 30 members in the DJIA. They have been most aggressive in raising Hewlett Packards' target price as it has risen 29% since the start of the year. However, analysts still expect it to decline 20% from current levels. Analysts are most positive on Caterpillar, forecasting a 31% gain from current levels.
ETFs experienced a net inflow of $17.8B in March while total assets rose 3% to $1.47T. US equity focused funds accounted for 71% of the total inflow with $12.7B, followed by bond funds at 24% with $4.2B. Commodity and EM equity funds had outflows of $2.2B and $4.5B respectively.
In total, $52.8B has flowed into equity focused ETFs since the beginning of the year.
Blogger Sentiment Poll Participants:
24/7 Wall St (-) The Aleph Blog (-) Biiwii (N) BullBear Trading Carl Futia (+) Dash of Insight (+) Dividend Growth Investor (+) Elliot Wave Lives On (+) Expected Returns Fallond Stock Picks (+) Global Economic Intersection (-) GEI – Investing Blog (-) Humble Student of the Markets (+) In the Money Learning Curve (-) MaoXian Night Owl Trader (+) The Mess That Greenspan Made Peridot Capitalist (-) Prometheus Market Insight PUG Stock Market Analysis (-) Quant Investor (N) Shanky’s Tech Blog (-) Short Takes (N) Smart Money Tracker (+) StockAdvisors.com Traders-Talk ValuePlays VIX and More (N) Wall St. Cheat Sheet Wall Street Sector Selector (N) Wishing Wealth Zentrader (+)
Lost in the discussion of the alleged “upcoming” correction (which seems to dominate the news) is the fact that this is a really tough market to beat.
The cumulative S&P 500 A/D line for the quarter is currently +4,012 which is much stronger than recent similar quarters where the market had a significant gain. In effect, everything is going up which means you have to pick the best of the best.
It also suggests that funds will have a hard time beating the benchmark. Even if you are right on health care, did you buy Merck or Celgene? While no one likes them, the airlines have been strong. Utilities and telecoms are frequently ignored, but utilities are ahead of the market YTD (up 10%) and Verizon is up 14%.
Blogger Sentiment Poll Participants:
24/7 Wall St (-) The Aleph Blog (-) Biiwii (N) BullBear Trading (-) Carl Futia (+) Dash of Insight (+) Dividend Growth Investor (N) Elliot Wave Lives On (+) Expected Returns Fallond Stock Picks (-) Global Economic Intersection (-) GEI – Investing Blog (-) Humble Student of the Markets (+) In the Money Learning Curve (-) MaoXian Night Owl Trader (+) The Mess That Greenspan Made Peridot Capitalist (-) Prometheus Market Insight PUG Stock Market Analysis (N) Quant Investor Shanky’s Tech Blog (-) Short Takes (N) Smart Money Tracker (N) StockAdvisors.com Traders-Talk ValuePlays VIX and More (N) Wall St. Cheat Sheet Wall Street Sector Selector (N) Wishing Wealth Zentrader (+)
The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2013 Ticker Sense Blogger Sentiment Poll
Ticker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.
