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Showing posts with label bull market. Show all posts
Showing posts with label bull market. Show all posts
Wednesday, February 29, 2012
Asian Dragon Market breaks loose!
Asian stocks entered a dragon (kinda like a bull) market yesterday after central-bank easing from the U.S. and Europe to China and Japan fueled the fastest rally in more than two years.
Thursday, February 23, 2012
‘Powerful Recovery’
“The powerful recovery in earnings thus far has allowed market averages to rise without pushing the P/E higher,” David Joy, the Boston-based chief market strategist at Ameriprise Financial Inc., said in a Feb. 21 e-mail. His firm oversees $600 billion. “Many investors are either not convinced that this price rally and earnings recovery are for real, or they simply do not care, having been burned too badly in the downturn.”
U.S. gross domestic product expanded an average 2.4 percent a quarter in the 2 1/2 years since the recession ended in 2009, data compiled by Bloomberg show. The world’s largest economy hasn’t had a smaller post-recession recovery rate since at least the 1940s, the data show. In the 2003 bull market, GDP rose 2.7 percent on average, before the S&P 500 surged 102 percent. For the 1982 rally, the rate was 5.7 percent. Equities more than tripled in that cycle.Sunday, November 6, 2011
The Buffett Bull Breaks Out during Q3!!!
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) invested $23.9 billion in the third-quarter, the most in at least 15 years, as he accelerated stock purchases and broadened the portfolio beyond consumer and financial-company holdings.
Berkshire bought almost $7 billion of equity securities in the three months ended Sept. 30, compared with $3.62 billion in the second quarter and $834 million in the first, the Omaha, Nebraska-based company said Nov. 4 in a filing. Stockholdings labeled “commercial, industrial and other” soared 62 percent in the three months to $17.4 billion on a cost basis, surpassing equity investments in financial and consumer-product firms.
“He sees something, and it’s big,” said Thomas Russo, a partner at Berkshire investor Gardner Russo & Gardner.
Berkshire bought almost $7 billion of equity securities in the three months ended Sept. 30, compared with $3.62 billion in the second quarter and $834 million in the first, the Omaha, Nebraska-based company said Nov. 4 in a filing. Stockholdings labeled “commercial, industrial and other” soared 62 percent in the three months to $17.4 billion on a cost basis, surpassing equity investments in financial and consumer-product firms.
“He sees something, and it’s big,” said Thomas Russo, a partner at Berkshire investor Gardner Russo & Gardner.
Tuesday, October 25, 2011
Might just be a bull market....
Oil rose to the highest in almost three months in New York before European leaders meet to agree on a blueprint to tackle the region’s sovereign debt crisis.
Prices climbed as much as 0.4 percent, gaining for a fourth day. European government heads will hold a summit today to agree on a plan to rein in a crisis that threatens to curb economic growth and slow demand for commodities. December futures traded at a premium to the January contract, a so-called backwardation that typically signals an increase in demand or decline in supply in the near term.
“The market has run up quite a lot in advance” of the summit, said Ric Spooner, a chief market analyst at CMC Markets in Sydney. “The market has been re-pricing a view that we might be looking at a low-growth environment, rather than a recessionary environment.”
Crude oil for December delivery was at $93.49 a barrel, up 32 cents, in electronic trading on the New York Mercantile Exchange at 3:33 p.m. Sydney time. The contract yesterday increased 2.1 percent to $93.17, the highest settlement since Aug. 2. Prices are up 2.3 percent this year.
December futures were at a 19-cent premium to January, compared with 24 cents at yesterday’s close. The front-month contract on Oct. 24 settled higher than the next month for the first time since Nov. 20, 2008, after U.S. stockpiles shrank.
Prices climbed as much as 0.4 percent, gaining for a fourth day. European government heads will hold a summit today to agree on a plan to rein in a crisis that threatens to curb economic growth and slow demand for commodities. December futures traded at a premium to the January contract, a so-called backwardation that typically signals an increase in demand or decline in supply in the near term.
“The market has run up quite a lot in advance” of the summit, said Ric Spooner, a chief market analyst at CMC Markets in Sydney. “The market has been re-pricing a view that we might be looking at a low-growth environment, rather than a recessionary environment.”
Crude oil for December delivery was at $93.49 a barrel, up 32 cents, in electronic trading on the New York Mercantile Exchange at 3:33 p.m. Sydney time. The contract yesterday increased 2.1 percent to $93.17, the highest settlement since Aug. 2. Prices are up 2.3 percent this year.
December futures were at a 19-cent premium to January, compared with 24 cents at yesterday’s close. The front-month contract on Oct. 24 settled higher than the next month for the first time since Nov. 20, 2008, after U.S. stockpiles shrank.
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