Chart of the Week

By Brad Lamensdorf and John Del Vecchio It’s Déjà vu all over again! Levered loans are back! Ever since the global financial meltdown, levered loans have been on the rise. Loan issuance is now near the highs of the last peak. Before the market imploded. This is a serious warning sign not to be ignored….

By John Del Vecchio I take Wall Street with a grain of salt. After all, whether it’s research or advice, those folks are all about making money… for themselves. They’re not looking out for the little guy. By the time the little guy knows the ship hit the iceberg and is sinking, Wall Street has…

The chart from chartcraft.com below shows that stocks comprising the NYSE composite have been in the midst of a selling climax. That historically indicates that they are set for a rebound, at least in the short-term. Why? Selling climaxes occur when stocks make a 12-month low but then close the week with a gain. That…

Although important technical and economic factors make us extremely cautious about the equity markets longer term, we’re looking at some shorter-term indicators that tell us the markets could experience profitable upward bounces during the rest of 2018. For one thing, as illustrated by the second chart below, most public companies can once again buy back…

Market multiples such as price/earnings can’t help us predict when market up and down swings will occur. However, they are important diagnostic tools that tell us how expensive or cheap the market is, compared with the past, including times when major market swings often were preceded by extreme P/E levels. Below is the Crestmont PE…