http://www.marketwatch.com/investing/index/DJIA
Nasdaq-100 Breaks 3000, First Time Since 2000
http://www.zerohedge.com/news/2013-05-14/nasdaq-100-breaks-3000-first-time-2000
As Stocks Rally, Market Flooded With New Shares
New offerings jumped to $13.6 billion last week, the highest of the year and more than five times the previous week’s $2.5 billion, according to market research firm TrimTabs.
Total float in the market—or the amount of shares available for purchase—has increased 1.4 percent this year, even though corporate buying has approached five-year highs.
http://www.cnbc.com/id/100732542
Last time the equity risk premium was this high? Just before Lehman failed
As a reminder, the equity risk premium is “expected future return of stocks minus the risk-free rate over some investment horizon.” It is this record high risk premium that leads the two to agree with Wall Street and to forecast that stocks have nothing but upside for half a decade more. Of course, what they try to not highlight is that the previous near all time high equity risk premium was seen in the days just before the Lehman collapse, when the same poll and the same models, would have predicted smooth sailing for a long, long time, instead of the 60% modest correction that transpired in the coming months, and which would have led to the end of the Western financial model as we know it if not for the same NY Fed injecting a little over $10 trillion into risk on short notice. But don’t worry, there is an economist “explanation” for this particular fly in the ointment: “It is difficult to argue that we’re living in rosy times, but we are surely in better shape now than then.”
http://www.zerohedge.com/news/2013-05-09/new-york-fed-sees-five-more-years-stock-increases
zerohedge@zerohedge4 min
USDJPY joins the frenzy: 102
Investors Borrow Cash From Portfolios at Record Pace
Emboldened by soaring stock prices and record-low borrowing costs, stock investors are taking out loans against their portfolios at the fastest pace since before the Great Recession hit.
So-called margin debt hit $379.5 billion in March, the highest level since July 2007 when such debt hit an all-time record of $381.4 billion, according to the most recent data available compiled by the New York Stock Exchange.
http://www.cnbc.com/id/100732197
David Tepper Is Crazy Bullish And Says Short Sellers Better Have A Shovel To Dig Out Of Their Graves
http://www.businessinsider.com/david-tepper-is-definitely-bullish-2013-5
Funds managers, investment advisers and business writers always stay in bullish mode, no matter what happen! They are in the business to lure investors. When the market is really bullish they are right. When the market is pulling back, they are informed investors the market is finished with correction or at the bottom already. So, they get nothing to loose, even though it is morally wrong as poor business practice.
No comments:
Post a Comment