Oh, so close today but near enough
Another 10% in this before the elections
S&P500 still rising
No worries
Printable View
So close we may as well say a new all time high ....yippee
And on the back of Q2 earnings being down on last years number - 5th quarter in a row of declining earnings (earnings recession)
But the decline is generally less than expected - that's good and provides hope that things are going to get better
S&P500 still rising
No worries
EPS report. http://www.factset.com/insight/2016/...s#.V4FlppEaySM
Yeah Winner a record high at close...2137
The 1Q earnings were tepid but were above market expectation..Mr Market liked that
Media will soon be focusing on 2Q when the majority of companies report their earnings results over the next few weeks..Mr Market is taking an optimistic view...
Factset Insight Research published an article yesterday...they will be looking at the Brexit impact on corporate earnings or revenue in future quarters.
The Article shows the results (Brexit mentions/effects) of 23 of the S&P500 companies that have reported 2Q results so far since Brexit
Thats how markets work sometimes - defies logic
One factor is that when profits are reported they are generally better than expected (not as bad as they thought they would be)
Gives rise to optimism / things are getter much better and earnings are going to grow. Markets are forward looking
You still waiting for the crash Aaron?
We should not forget about central bank stimulus as well. Central banks are the biggest market movers.
S&P500 over 2150 - and rising
Still another 10% to go in this burst
No worries
Still waiting. It is really a buy everything or buy nothing decision for me at the moment(Patience will win again for now but how long can this go on).
I guess I'll have to join the revolution of the people who missed the boom and the young people who never had a chance to buy real assets with funny money. On the bright side October last year, just to sate a desire to do something/anything while everyone around me becomes a millionaire I bought small lots of OGC & NCM sadly the share parcels were so small the great results aren't making much difference to my net worth.
I admire your optimistic outlook.