Börsipäev 15. märts - otsitakse esmaspäevast rohelust - Investeerimine - Foorum

Märtsi NY Empire State Index, mis peegeldab piirkonna tootmisaktiivsust tuli 25.3 samal ajal kui konsensuse kohaselt oodati 38.0 punkti. Siiski peetakse ka 25.3 tugevaks näitajaks, mis viitab vaid majanduskasvu tempo kergele aeglustumisele.

Norteli (NT) CFO Douglas Beatty ja controller Michael Gollogly on ettevõttest lahkumas kuna ei ole suutnud oktoobris avaldatud finantsaruannet audiitorite järeldusotsusega kooskõlla viia, aktsia eelturul -5,61%.

Bernstein kergitas Coca-Cola (KO) reitingu outperform tasemele ja hinnasihiks sai $58, aktsia eelturul 0.72%.

Gary B. Smith:

RevShark:

"Worry does not empty tomorrow of its sorrow; it empties today of its strength."

-- Corrie Ten Boom

As we start the week, investors are finding plenty to worry about. The Socialist victory in the Spanish elections, the growing conviction that Al Queda was responsible for the bombing last week and the political repercussions these events are causing in the U.S. are on the minds of market participants this morning.

A healthy market could easily handle these types of concerns, with buyers welcoming the temporary weakness that allows them better entry into the stocks they like. Unfortunately, this market is not technically healthy right now. We are undergoing the most significant correction since this rally began a year ago. We have not bounced straight back up after a dip but rather saw selling pick up.

The bears rather gleefully point out that market participants are still quite bullish: The volatility indices have not risen substantially, put buying is fairly sedate and sentiment polls still indicate a surfeit of bulls. On the other hand we sold off broadly last on week on heavy volume. This was not just some minor low-volume profit-taking; there was some real concern on the minds of many and they dumped shares rather aggressively.

The bounce on Friday provided the bulls with some slight relief but it was classic dead-cat action and can't be easily trusted. Volume slowed quite a bit indicating a low level of conviction and much of the strength in the final minutes was likely because of shorts locking in some of the week's hefty profits.

The bulls have plenty to worry about right now. The technical, fundamental and macro environment all present some challenges and we'd be foolish to be overly bullish at this time. On the other hand we can't forget the old market adage that "the market climbs a wall of worry." When worry and concern are too high the market has a way of inching back up because many sellers have already taken action.

So the big question right now is whether market sentiment is already so negative that most of the heaviest selling has already been done. That seems unlikely especially given the huge gains that many folks are sitting on after a year-long rally. The steady and constant erosion of those profits is what creates the atmosphere of gloom and doom that leads to eventual market bottoms.

We have a negative start to the week. Asian markets were mixed but Europe was soft across the board. The dollar is pulling back again. Oil and gold are trading up.

We face some major challenges this week. If the bulls are going to turn things back up they have their work cut out for them.

Futuurid: S&P500 -0,35%, Nasdaq -0,41%

Börsipäev 15. märts - otsitakse esmaspäevast rohelust

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