Last week's rally was remarkable for its breadth, with all 24 major S&P 500 industry groups posting gains on four out of five trading days. Bespoke's study of market data for the last 10 years failed to find an instance where all 24 groups moved higher on even three out of five trading days in a week. [View news story]
what difference does it make Youngman - if your account shows a profit, they don't take it away from you because the volume was low. As for HFT, nothing you can do about it, don't fret, learn to deal with it like the rest of us :)
Yes, there's a huge disconnect, but it's not between the economy and the stock market, Joe Weisenthal explains - it's between the economy and earnings. EPS estimates keep trending up, while GDP estimates keep going down (the latest GDP cut, from BofA). Stocks actually are rallying based on fundamentals, even if earnings appear to be disconnected from reality. [View news story]
clueless - the world is emerging fast, their "middle class" is buying our stuff. The argument is that our stuff is made overseas - true, no help with employment and true its not reflected in GDP. However, it IS reflected in GNP and why corporate coffers are overflowing. If you don't understand the difference between GDP and GNP, go to Wikipedia or Google it. GNP is the 800lb gorilla that the pundits and economists don't see - that's the disconnect.
Stocks are connected to earnings, not GDP. The world is a changing! Go look at MMM earnings report last couple of quarters and see where the earnings came from - a real eye opener.
Solar stocks are headed lower as Jim Chanos calls the industry his favorite idea on the short side at the Ira Sohn Conference. TAN -2.3%, FSLR -2.1%, YGE -3.9%. [View news story]
I am waiting, patiently, to take the other side of that trade
Of course they can - it all about GNP, not GDP and the emerging world is buying our stuff hand over fist, regardless of where its made. The real growth stage of this trend has just begun. When 1Q S&P earning growth comes in at 3-4x GDP, perhaps analysts will not be so oblivious to the 800 lb growth gorilla in our midst.
The race to the bottom for Q1 GDP projections has a new leader: Bank of America (BAC), which now sees growth coming in at just 1.5%, making JPMorgan’s (JPM) outlook of 2.5% seem downright rosy. But across the board, the themes are familiar: Inflation in food and energy prices will undercut last year’s tax agreement, while consumers remain weak and housing lags. [View news story]
Its all about GNP not GDP that is driving corporate profits, which is the reason they are growing 3x GDP
Last week's rally was remarkable for its breadth, with all 24 major S&P 500 industry groups posting gains on four out of five trading days. Bespoke's study of market data for the last 10 years failed to find an instance where all 24 groups moved higher on even three out of five trading days in a week. [View news story]
Yes, there's a huge disconnect, but it's not between the economy and the stock market, Joe Weisenthal explains - it's between the economy and earnings. EPS estimates keep trending up, while GDP estimates keep going down (the latest GDP cut, from BofA). Stocks actually are rallying based on fundamentals, even if earnings appear to be disconnected from reality. [View news story]
Stocks are connected to earnings, not GDP. The world is a changing! Go look at MMM earnings report last couple of quarters and see where the earnings came from - a real eye opener.
Solar stocks are headed lower as Jim Chanos calls the industry his favorite idea on the short side at the Ira Sohn Conference. TAN -2.3%, FSLR -2.1%, YGE -3.9%. [View news story]
Profitability is soaring - so much so that there's no way companies can keep it up. A bit of a warning with the meat of earnings season headed our way. [View news story]
The race to the bottom for Q1 GDP projections has a new leader: Bank of America (BAC), which now sees growth coming in at just 1.5%, making JPMorgan’s (JPM) outlook of 2.5% seem downright rosy. But across the board, the themes are familiar: Inflation in food and energy prices will undercut last year’s tax agreement, while consumers remain weak and housing lags. [View news story]