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Indian equities rose strongly on Friday and put in the region's best performance over the month as better-than-expected economic growth added to existing momentum in the market.
The BSE Sensex index rose 2.3 per cent to 14,625.25, the most since September 10. The benchmark rallied 5.7 per cent this week and 28.3 per cent in May.
India's economy expanded by 5.8 per cent in the first quarter of 2009, beating economists' expectations, thanks to growth in the finance and property sector as well as a boost from social spending, government data showed.Financial Times
The BSE Sensex index rose 2.3 per cent to 14,625.25, the most since September 10. The benchmark rallied 5.7 per cent this week and 28.3 per cent in May.
India's economy expanded by 5.8 per cent in the first quarter of 2009, beating economists' expectations, thanks to growth in the finance and property sector as well as a boost from social spending, government data showed.Financial Times
- Financial Times
The [U.S.] economy contracted slightly less than initially estimated in the first quarter, while corporate profits rebounded, according to a Commerce Department report Friday that hinted that the recession was moderating.
Gross domestic product, which measures total goods and services output within U.S. borders, dropped at a 5.7% annual rate, the department said, less than the 6.1% estimated by the government last month.
Gross domestic product, which measures total goods and services output within U.S. borders, dropped at a 5.7% annual rate, the department said, less than the 6.1% estimated by the government last month.
- USA Today
Superstar bond fund manager Bill Gross says the raft of debt being issued by the U.S. Treasury is pushing bond yields higher.
The 10-year Treasury note rose to a six-month high of 3.75 percent Wednesday amid concern about the $2 trillion of debt that the Treasury will sell to the bond market this year.
Like many other experts, Gross is concerned that the rising U.S. debt burden will send inflation surging higher.
"There's becoming an embedded inflationary premium in the bond market that wasn't there six months ago," he says.
The 10-year Treasury note rose to a six-month high of 3.75 percent Wednesday amid concern about the $2 trillion of debt that the Treasury will sell to the bond market this year.
Like many other experts, Gross is concerned that the rising U.S. debt burden will send inflation surging higher.
"There's becoming an embedded inflationary premium in the bond market that wasn't there six months ago," he says.
- Newsmax
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Traders Take Note: These 'Risky' Stocks Are Dominating
By Tom DysonMonday, June 1, 2009
There's a runaway freight train in the markets. This group of stocks has the strongest uptrend anywhere in the world... and it's still getting stronger.
If there's one group of stocks you need to own right now, it's this group. Let me show you why...
Every month, analysts at the Conference Board survey 5,000 households and use the data to produce an index of consumer sentiment. This week, the reading for May came out. It jumped to its highest level since September 2008, when Lehman Brothers failed... and has now risen for three consecutive months.
As Steve wrote in Friday's edition of DailyWealth, "History shows stocks tend to keep rallying for many months after consumer confidence bottoms. It's true in every instance going back to the 1970s, when monthly consumer confidence data starts."
Consumer confidence bottomed in February... and the stock market began its rally in March. The S&P 500 is now up 36%. If consumer confidence history is any guide, this rally could easily continue into the fall and take the S&P 500 over 1,000...
When the stock market rallies, there's always one sector or group of stocks that leads the market higher. But it's never the same sector... and the leaders often rotate. It's like watching a horse race. The jockeys are jostling for position, and the leadership of the race is constantly changing...
To maximize the performance of your capital in stock market rallies, you always want to own these market leaders. They rise much higher than the market in general...
In the bull market in the late '90s, for example, Internet, communication, and tech stocks led the charge higher. Banks, real estate, infrastructure, and commodity stocks led the market from 2002-2007.
So which sectors are leading the current bull market higher?
I monitor a list of 86 exchange-traded funds (ETFs). These ETFs represent every major commodity, currency, country, and market sector in the world. Every week, I calculate the three-month performance of these funds to pinpoint the most powerful uptrends and downtrends in the world.
Today, emerging markets have seized the crown. Stocks in Russia, Brazil, and China embarked on huge rallies. And as of this week, even more emerging-market stocks have entered the fray...
Right now, eight out of the top 10 market sectors are foreign funds. They also dominate the top 20 market sectors, with 14 spots including the countries above along with India, Indonesia, Turkey, Ireland, Austria, Taiwan, South Korea, Singapore, Mexico, Canada, and Hong Kong.
These foreign funds are up a minimum of 47% since late February. The Russia fund has doubled, and India's not far behind.
Notice the troubled countries in this list. Ireland had a major banking breakdown. Russia is dependent on oil and has one of the world's most unstable economies. Austrian banks have the most exposure to the meltdown in Eastern Europe.
But when it comes to trading, I learned a long time ago you don't make money by predicting or trying to time the market. It's far better to let the market tell you what to do. If the market's rising, you buy. And if the market's falling, you sell. Right now, there's only one sensible position to have in the market, and that's to be long.
If you're looking to buy into the current stock market rally, as I am, I suggest you focus on emerging markets in general... or Russia and India in particular. These are the market's strongest uptrends. It's likely these stocks will continue to lead the market higher and show you the greatest profit...
Good investing,
Tom
P.S. If you're interested in trading these trends, I encourage you to come on board my new Penny Trends advisory. There are several strong trends developing that should easily make us triple-digit profits this year... all thanks to a unique system we use to find the trends before they start. You can learn how to receive this service for a 55% discount here.
If there's one group of stocks you need to own right now, it's this group. Let me show you why...
Every month, analysts at the Conference Board survey 5,000 households and use the data to produce an index of consumer sentiment. This week, the reading for May came out. It jumped to its highest level since September 2008, when Lehman Brothers failed... and has now risen for three consecutive months.
As Steve wrote in Friday's edition of DailyWealth, "History shows stocks tend to keep rallying for many months after consumer confidence bottoms. It's true in every instance going back to the 1970s, when monthly consumer confidence data starts."
Consumer confidence bottomed in February... and the stock market began its rally in March. The S&P 500 is now up 36%. If consumer confidence history is any guide, this rally could easily continue into the fall and take the S&P 500 over 1,000...
When the stock market rallies, there's always one sector or group of stocks that leads the market higher. But it's never the same sector... and the leaders often rotate. It's like watching a horse race. The jockeys are jostling for position, and the leadership of the race is constantly changing...
To maximize the performance of your capital in stock market rallies, you always want to own these market leaders. They rise much higher than the market in general...
In the bull market in the late '90s, for example, Internet, communication, and tech stocks led the charge higher. Banks, real estate, infrastructure, and commodity stocks led the market from 2002-2007.
So which sectors are leading the current bull market higher?
I monitor a list of 86 exchange-traded funds (ETFs). These ETFs represent every major commodity, currency, country, and market sector in the world. Every week, I calculate the three-month performance of these funds to pinpoint the most powerful uptrends and downtrends in the world.
Today, emerging markets have seized the crown. Stocks in Russia, Brazil, and China embarked on huge rallies. And as of this week, even more emerging-market stocks have entered the fray...
Right now, eight out of the top 10 market sectors are foreign funds. They also dominate the top 20 market sectors, with 14 spots including the countries above along with India, Indonesia, Turkey, Ireland, Austria, Taiwan, South Korea, Singapore, Mexico, Canada, and Hong Kong.
These foreign funds are up a minimum of 47% since late February. The Russia fund has doubled, and India's not far behind.
Notice the troubled countries in this list. Ireland had a major banking breakdown. Russia is dependent on oil and has one of the world's most unstable economies. Austrian banks have the most exposure to the meltdown in Eastern Europe.
But when it comes to trading, I learned a long time ago you don't make money by predicting or trying to time the market. It's far better to let the market tell you what to do. If the market's rising, you buy. And if the market's falling, you sell. Right now, there's only one sensible position to have in the market, and that's to be long.
If you're looking to buy into the current stock market rally, as I am, I suggest you focus on emerging markets in general... or Russia and India in particular. These are the market's strongest uptrends. It's likely these stocks will continue to lead the market higher and show you the greatest profit...
Good investing,
Tom
P.S. If you're interested in trading these trends, I encourage you to come on board my new Penny Trends advisory. There are several strong trends developing that should easily make us triple-digit profits this year... all thanks to a unique system we use to find the trends before they start. You can learn how to receive this service for a 55% discount here.
NEW HIGHS OF NOTE LAST WEEK
We told you the breakout was coming...
Iamgold (IAG)... gold stock
Gold Fields (GFI)... gold stock
DRDGOLD (DROOY)... gold stock
Seabridge Gold (SA)... gold stock
AngloGold Ashanti (AU)... gold stock
Eldorado Gold (EGO)... gold stock
Richmont Mines (RIC)... gold stock
Allied Nevada Gold (ANV)... gold stock
Randgold Resources (GOLD)... gold stock
Western Goldfields (WGW)... gold stock
Coeur D'Alene (CDE)... gold and silver
Rubicon Minerals (RBY)... gold stock
Silvercorp Metals (SVM)... silver stock
International Tower Hill (THM)... gold stock
ProShares Ultra Silver (AGQ)... double ETF
Diedrich Coffee (DDRX)... coffee
Caribou Coffee (CBOU)... coffee
Green Mountain Coffee (GMCR)... coffee
Chico's FAS (CHS)... retail
National Beverage (FIZZ)... soda
Dollar Tree (DLTR)... cheap stuff
Stein Mart (SMRT)... retail
Medifast (MED)... weight loss
NEW LOWS OF NOTE LAST WEEK
Cattle ETF (COW)... a downtrend in beef!