Seeking Alpha

Dr. Kris'  Instablog

Dr. Kris
Send Message
Dr. Kris has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her satisfaction), she decided to tackle something even more difficult—the stock market. Applying the scientific method along with an insatiably... More
My company:
Stock Market Cook Book
My blog:
Stock Market Cook Book
  • Intraday Market Notes: Bulls Rule! -- January 18 0 comments
    Jan 18, 2013 4:01 PM | about stocks: MS, STT, APO, BX

    3:50 pm ET: Today's early morning swoon was halted by the news that Congress has decided to kick the debt ceiling can down the road for a few more months. Investors hailed the news as manna from heaven and the collective sigh of relief was reflected in the collapse of the VIX to pre-crash levels. The only thing now that could possibly rain on the bulls' parade would be when the market runs out of buyers. I'm not expecting this to happen soon because of decreasing market valuation due to the increase in earnings (as are being reported). What this means is that the market has more room to run to return to historical norms, i.e. a P/E on the SPX of around 15. I honestly believe that we will be testing the previous high of 1575--and soon!

    Today's most notable industry gainer is the investment banks & brokerages. Morgan Stanley (MS) trounced revenue estimates in its pre-opening earnings report. The news bolstered the entire group with many making new highs. Today's biggest gainers breaking to fresh highs are the following: Morgan Stanley (MS, +8%), State Street (STT, +6%), Apollo Global Mgmt (APO, +5%), Blackstone Group (BX, +3%). Most of these still sport relatively low P/E's (except for BX) and all pay dividends--STT 's dividends yield a juicy 7.6%!

    Have to dash--that's it for now. Have a good weekend!

    Note to Subscribers: There is one new Stock Darling and several new Stocks of the Day (to follow shortly).

    Themes: long ideas Stocks: MS, STT, APO, BX
Back To Dr. Kris' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Intraday support/resistance: $SPX 1965/1972, $DTX 817.75/825.25, $DJIA 16915/16965, Nasdaq 4388/4422, $RUT 1170/1178; $VIX 11.5/12.1
    about 13 hours ago
  • Intraday support/resistance: $SPX 1957.6/1976.4, $DTX 812.8/822.2, $DJIA 16878/17022, Nasdaq 4367/4444, $RUT 1165/1185: $VIX 11.7/12.85
    1 day ago
  • Market Movers: Tech Breakouts & Commodity Breakdowns -- July 6 $AAPL, $BBRY, $MHG http://seekingalpha.com/p/1taxr
    2 days ago
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.