---
title: "Different Markets"
url: https://independentstockanalysis.com/different-markets/
description: "The stock market’s secular and cyclical position discussed in Barron’s and by Josh Brown . S&P 500 Fair Value Update at Value Plays (Has the shift in…"
published: 2013-01-23
updated: 2013-01-23
---

# Different Markets

Published 2013-01-23

Posted on

by

J.J. Butler

The stock market’s secular and cyclical position discussed in [Barron’s](http://online.barrons.com/article/SB50001424052748703596604578235570771013936.html?mod=BOL_twm_col) and by [Josh Brown](http://www.thereformedbroker.com/2013/01/21/new-secular-bull-yes-or-no/). S&P 500 Fair Value Update at [Value Plays](http://www.valueplays.net/2013/01/21/sp-500-fair-value-update/)(Has the shift in income to capital from labor permanent? Or is it a function of the credit bubble?).

2008 Again? ([Azizonomics](http://azizonomics.com/2013/01/18/2008-again/)) Not yet; I speculate a reckoning is years away…

The [2013 Barron’s Roundtable](http://online.barrons.com/article/SB50001424052748704843204578245523623098286.html?mod=TWM_pastedition_1#articleTabs_article%3D0) has a lot of interesting tidbits as usual. (Google the title.)

“Global economic headwinds have turned into tailwinds” [Alliance Bernstein](http://blog.alliancebernstein.com/index.php/2013/01/22/equities-set-to-break-out-of-the-bear-trap/?utm_source=rss&utm_medium=rss&utm_campaign=equities-set-to-break-out-of-the-bear-trap)

China’s economic improvement is becoming visible in global markets at [Sober Look](http://soberlook.com/2013/01/chinas-economic-improvement-is-becoming.html).

Top commodity managers tip metals for Q1 on Chinese recovery at [Mining Weekly](http://www.miningweekly.com/article/top-commodity-managers-tip-metals-for-q1-on-chinese-recovery-2013-01-22).

Updated to include 2012, The Periodic Table of Commodity Returns at [US Funds](http://www.usfunds.com/media/files/pdfs/researchreports/2013/2012_CommoditiesTable_Retail.pdf). Remember, these are mean reverting.

Gold in the secular bear at [Short Side of Long](http://theshortsideoflong.blogspot.com/2013/01/entering-into-2013-part-3_11.html).

Energy looks set for a major move by [Aaron Jackson](http://inthemoneytrading.blogspot.com/2013/01/energy-looks-set-for-major-move.html). A look at energy shares by [Chess](http://ibankcoin.com/chessnwine/2013/01/21/starting-the-year-on-fire/).

The always interesting [Gregor](http://www.peakprosperity.com/podcast/80546/gregor-macdonald).

Ten Reasons Why High Oil Prices Are a Problem by [Gail Tverberg](http://www.financialsense.com/contributors/gail-tverberg/ten-reasons-why-high-oil-prices-are-a-problem). I suspect the adjustment to higher oil prices is further along, but some good info nonetheless.

Peak Oil Review from [ASPO USA](http://aspousa.org/2013/01/peak-oil-review-january-21-2013/).

Paul: Uranium Stocks: Cameco (CCJ) On Verge of a Breakout? [See It Market](http://www.seeitmarket.com/uranium-stocks-cameco-ccj-on-verge-or-a-breakout-13183/)

Why the fuss over Japanese money printing ([Reuters](http://www.reuters.com/article/2013/01/22/us-japan-economy-boj-idUSBRE90K08J20130122))? The Currency Wars: Now US Automakers Are Squealing at [Testosterone Pit](http://www.testosteronepit.com/home/2013/1/18/the-currency-wars-now-us-automakers-are-squealing.html).

A big deal for risk assets: