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.
5 comments:
Do you have your shorts back on this week?
Yes, still have my puts, and actually some more...
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I... reload the page? :-)
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??
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.
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