ftalphaville.ft.com - 11/4/2008
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Apparently we’ve got the strongest signal to buy equities in six years, according to Morgan Stanley’s super- bear bull Teun Draaisma - a “full house” of indicators that together have a “near-perfect” track record. But what are those indicators? First there is composite valuation: 2715.jpg This ...
online.wsj.com - 11/12/2008
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online.wsj.com —
The markets are chaotic. The stock market (S&P
500) is down 34% for the year, and 17%...
in October alone. Volatility, which measures how much stocks move unexpectedly in a year, is even more dramatic. It's usually around 15%, but daily volatility in ...
(more)
Is Now the Time to Buy Stocks?
ft.com - 11/4/2008
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ft.com —
The strategist who warned investors to sell equities
in June 2007, just before the credit crisis, is...
saying the market is sending its strongest buy signal for six years. The last time Morgan Stanley flagged a "full house buy" for European equities was ...
(more)
FT.com / Companies / Financial services - Morgan Stanley ...
bespokeinvest.typepad.com - 11/9/2008
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bespokeinvest.typepad.com —
European equities got a boost this morning following
bullish comments made by Morgan Stanley's European strategist Teun...
Draaisma. Draaisma commented that European stocks are now flashing a "full house" buy signal after these markets have priced in an ...
(more)
"Full House" Buy Signal For US Equities
Comments
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Strongest Equities Buy Signal EVER?
Trader Daily Combined Feed —
... CVI index. If equities are fairly valued at zero, the buy and sell levels are -1 and +1, respectively.
Next up, the fundamentals indicator (also click below to see chart).
Draaisma says simply that the calculations for these indicators are broadly similar to the composite value measure, but include factors like business surveys, ROE, bond yields, credit spreads, fund flows, money supply, and momentum.
Not convinced yet? Here’s 28 years of history...
Continue reading on FTAlphaville.com
Tuesday links: deafening silence
Abnormal Returns —
... A “full house” of indicators turns bullish. (FT Alphaville) ...
Morgan Stanley's Full House Buy
Toro's Running of the Bulls Market Blog —
One factor that pushed the market higher on Monday was Morgan Stanley's "Full House Buy" call. It has a strong track record.
I agree with the call. I was buying heavily late last week and on Monday and am as long as I have been in years. I am working from the thesis that we have seen the bottom for 2008 and that we are in the midst of a sharp relief rally. The violent sell-off in September and October was more of a financial event due to forced de-leveraging of financial assets than an ...
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