Emerging Stocks to Extend Rally, Credit Suisse Says
(Bloomberg) -- Emerging-market stocks may gain more than 20 percent this year, extending their biggest annual advance on record, boosted by a sustained recovery in the U.S. economy, Credit Suisse Group AG said. Shares in developing nations have climbed 16 percent since the U.S. Institute for Supply Management’s factory index rose above the 50 level that indicates expansion in August, Credit Suisse analysts Sakthi Siva and Kin Nang Chik wrote in a report dated today. That compares with an average 12-month rally of 41 percent the previous three times the index breached and remained above the 50 level, the analysts said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aipfy4SuKmFs
Buffett Ends 2009 Trailing S&P 500 by Most in Decade
(Bloomberg) -- Warren Buffett recorded his worst performance against the stock market in a decade last year after committing $26 billion to a railroad takeover and lowering his expectations for investment returns. Berkshire Hathaway Inc., the company Buffett has led as chairman for more than four decades, advanced 2.7 percent on the New York Stock Exchange in 2009, less than the 23 percent return in the Standard & Poor’s 500 Index. It was Berkshire’s worst showing since falling 20 percent in 1999, compared with a 20 percent gain in the index. Berkshire beat the index in 15 of the last 22 years.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6eVUDYbXX1U
Malaysian Stocks Rally May ‘Peak’ in April or May, OSK Says
(Bloomberg) -- Malaysia’s stock market rally may end in April or May as risk aversion sets in, OSK Research Sdn. said. There is a “good four to five months of a bullish uptrend left before the market turns south,” OSK analysts Chris Eng and Lim Mei Ching said in a report today. “We advocate a gradual repositioning towards dividend yielding stocks.”State-controlled fixed-line telephone operator Telekom Malaysia Bhd., Yi-Lai Bhd., a ceramic tile maker, and lottery company Berjaya Sports Toto Bhd. are among OSK’s list of stocks that have estimated dividend yields of 8 percent to 9 percent for 2010.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apVxzDfQvX24
Stock Returns Crushing Bonds With Record Divergence
(Bloomberg) -- Never have Treasuries underperformed stocks as much as in 2009, and the world’s biggest bond dealers say this year may offer more of the same as the U.S. economy recovers and unemployment abates. After soaring 14 percent in 2008 when credit markets froze, Treasuries fell 3.72 percent on average last year. Investors shunned government debt while the U.S. raised a record $2.11 trillion selling securities amid signs that the worst slump since the 1930s had ended. The losses for Treasuries contrast with the Standard & Poor’s 500’s 23.5 percent gain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4Q1NEbwhFLI
2010 'Great' For Stocks—But Dangerous at Year's End: Strategists
By: JeeYeon Park CNBC News Associate
Stocks are rallying on the first trading day of the new year, so will the trend continue throughout 2010? Jason Trennert, chief investment strategist and managing partner at Strategas Research Partners, and Kelly Campbell, founder and principal of Campbell Wealth Management, shared their market outlooks. “We’re going to see some great things in 2010, but we still have to be cautious,” Campbell told CNBC. “A lot of people are looking for the market to do well, but if it does too well, it could fall back a little bit.”Campbell warned that the US government may change interest rates, which could be negative for the markets.
http://www.cnbc.com/id/34687177
Pros: Dow to Rally to 12,000; Peak Gold Possible
By: CNBC.com
As investors return from the holiday break and look back on one of the best years for US stocks since 2003, many will likely question whether there is any momentum left in the markets. One market expert told CNBC that the positive returns could hold for at least the first quarter of 2010, but after that stocks would likely be stuck in a tight trading range."We think that the Dow will continue to climb. I'm sure that the Dow will probably go close to 12,000 (points) within the first 3-4 months of this year… Then I'm expecting sideways movement and I think you'll probably be range trading for the rest of the year," Peter McGuire, managing director of CWA Global Markets, told CNBC.
http://www.cnbc.com/id/34685079
Stiglitz Says Emerging Nations Need to Control Capital Flows
(Bloomberg) -- Joseph Stiglitz, the Nobel Prize- winning economist, said emerging countries should be able to control the flow of capital from developed nations to keep asset bubbles from developing. Stiglitz, speaking at a conference in Atlanta, said there is “a real concern in emerging markets” that low interest rates in developed nations including the U.S. and the U.K. are “being transmitted to bubbles in emerging markets.” As a result, countries such as Brazil and India “have to put on circuit breakers.”“Most of the shocks do come from the supply side, from the creditor countries,” Stiglitz said today at a conference sponsored by the Allied Social Science Associations.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aeDOqU481aRE
Pessimism on U.S. Stocks Drops to Lowest Since 1987
(Bloomberg) -- Pessimism about U.S. stocks among newsletter writers fell to the lowest level since April 1987, six months before the equity market crash known as Black Monday, following the biggest rally in the Standard & Poor’s 500 Index in seven decades.The proportion of bearish publications among about 140 tracked by Investors Intelligence fell to 15.6 percent yesterday from 16.7 percent a week earlier. Sentiment has improved since October 2008, when the financial crisis drove the figure to a 14-year high of 54.4 percent. After plunging 38 percent in 2008, the S&P 500 has risen 25 percent this year.Some analysts consider lower pessimism a sign stocks will stop advancing, under the theory that there are fewer bearish investors left to change their minds and purchase shares. The S&P 500 plunged 20 percent on Oct. 19, 1987.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a90gNI2frMV0
No comments:
Post a Comment