Improvement
Posted: 09 Jan 2012 11:16 PM PST
Despite the continued start-and-stop developments out of Europe, shares have put in a good fortnight's worth of work. As is often the case, even though the backdrop may not have changed substantially to us mere mortals, the market in its inimitable wisdom is seeing better days ahead.
Looking at the below chart, we see that, on balance, institutions have been better buyers than sellers. At the same time, the level of interest in the market shown by these large investors is not consistent with what is normally seen in a young bull market. The S&P is outperforming the Nasdaq, which is one indication that the speculative sentiment is less than desired. A positive is the tightening action seen in price over the past two weeks.
From the standpoint of the intermediate-term speculator, who seeks to hold a winning position from several weeks to several months, the twin problems with the market are the lack of institutional demand for stock, noted above and numerous times in past months, and the lack of leadership among the speculative growth stock glamours.
Among the names that we most. . . To continue reading, please click here.
Fund Prices2024-04-17
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.25% |
| F | $18.68 | 0.50% | -2.85% |
| C | $78.62 | -0.58% | 5.72% |
| S | $76.27 | -0.89% | -1.07% |
| I | $40.66 | -0.17% | 1.19% |
| L2065 | $15.60 | -0.47% | 3.17% |
| L2060 | $15.60 | -0.47% | 3.18% |
| L2055 | $15.60 | -0.47% | 3.18% |
| L2050 | $31.39 | -0.35% | 2.57% |
| L2045 | $14.34 | -0.33% | 2.47% |
| L2040 | $52.43 | -0.31% | 2.41% |
| L2035 | $13.87 | -0.28% | 2.31% |
| L2030 | $46.25 | -0.25% | 2.24% |
| L2025 | $12.93 | -0.12% | 1.78% |
| Linc | $25.29 | -0.09% | 1.55% |