Superstars of the 2009 – 2014 bull market

Superstar

Consumer Borgwarner – BWA: Autoparts: Fuel economy standards and improved emission drives growth. P/E (12/14E) – 17.7x Footlocker – FL: Athletic Apparel: Fitness theme. P/E (12/14E) – 15.0x Fossil – FOSL: Watches & Lifestyle. Collection of different brands eg. A/X, Diesel, DKNY, Adidas. 44% of US Market. Growth of Fossil outstrips that of industry. P/E…

Bursting of Internet Bubble 2.0

Internet bubble

The Nasdaq has just traced out an enormous 10 year corrective wave following the 2000-2003 first dot com bust. We are surely going to see another another dot com bust 2.0 and with Tech stocks such as Apple, Google, Facebook, Tencent, Linkedin etc all at ¬†extremely stretched valuations the chances that we will do so…

Nasdaq’s rise has finally come to a halt

Nasdaq Trading Halt

The Nasdaq has been the last of the Major Indices to top. The Nasdaq reached its all time peak in Mar 2000, which was a Cycle Wave Top. Oct 2013 marks the b wave retracement of the Cycle Wave Top and is of Primary degree. Mar 2009 to Oct 2013 is a c wave of…