Markets Frothing

Markets are frothing, I feel like early 2007 all over again.

Feb. 4 (Bloomberg) -- U.S. stocks rose, giving the Standard & Poor’s 500 Index a fifth straight weekly advance, after reports showed employment in the world’s largest economy topped forecasts and global manufacturing is strengthening. 
[...] the Dow Jones Industrial Average, which climbed to its highest level since May 2008. [...] 
The S&P 500 rose 2.2 percent to 1,344.90 since Jan. 27, completing the longest weekly rally since January 2011. It is up 6.9 percent this year, the best annual start since 1987. [...]
“We’re in a positive feedback loop,” Bernard Schoenfeld, the New York-based senior investment strategist at BNY Mellon Wealth Management, which oversees about $168 billion, said in a telephone interview. “The employment picture is improving,” he said. “We’re seeing earnings growth continue to be favorable, valuations are attractive, and the economy seems to be improving.”
Feb. 4 (Bloomberg) -- Asian stocks rose for a seventh week, with the regional benchmark matching its longest winning streak since 2005, as improved manufacturing reports in the U.S., China, India and Europe overshadowed a stalemate over Greek debt negotiations.


Anonymous said...

Do you have your shorts back on this week?

pej said...

Yes, still have my puts, and actually some more...

How do you keep track of comments without logging in and receiving notifications?

Anonymous said...

I... reload the page? :-)

pej said...

Well, maybe you should just create yourself an account then, and receive notifications.

How long do you keep a page open to refresh the comments??

Anonymous said...

Each time I visit your blog, I just look to see if there's new comments under a post I've responded to. No big deal.