Info!! A Few Stock Marketplace Perspectives

as noted recently.

* Not a Good Decade for Stocks So Far: I took a await at the returns of the CPI-adjusted Dow Jones Industrial Average from 2000 to the present. The nominal Dow is downward around 200 points--about 2%. On an inflation-adjusted basis, however, the Dow is downward 23%. As a hedge against inflation, stocks convey non been cutting it. With housing forthwith retracing the gains of the by several years, 2 of import pillars of wealth accumulation look to convey toppled.

* Not Much Discretionary Income: With stocks in addition to housing inwards retreat in addition to to a greater extent than income going to basics such every bit nutrient in addition to gasoline, it's non surprising that consumer discretionary stocks (bottom chart) convey been making novel lows. As yous tin meet from the advance-decline business specific to the S&P 500 issues inwards the consumer discretionary sector (XLY), it's been a steady downtrend.

* Relative Sector Strength: Here are several S&P 500 sectors in addition to the percentages of their stocks that are higher upwards their 200-day moving averages:

CONSUMER DISCRETIONARY - 11%
CONSUMER STAPLES - 29%
ENERGY - 87%
FINANCIAL - 9%
HEALTH CARE - 38%
INDUSTRIAL - 24%
MATERIALS - 31%
TECHNOLOGY - 20%
UTILITIES - 48%

The credit province of affairs in addition to recessionary surroundings are clearly weighing on fiscal in addition to consumer discretionary shares, respectively.
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