Monday, December 29, 2014

Various anecdotes

  • Barring a disastrous year-end, the S&P will log its 3rd year of double-digit gains. Haven't done that since '95-'99.
  • Last 2 Years - S&P vs. FTSE All-World Ex-US ---- S&P up 50%, Intl' Stocks up 20%. (see chart)

  • There have been 4 times since 1970 when the S&P outperformed international equities at the rate witnessed in 2014. Each time, in following year, world ex-US beat US by average of 14%.
  • Jim Grant's Holiday Card (see picture):

  • Greece 10 Year Bonds:
    • December: 9.7%
    • November: 8.2%
    • October: 7.1%
    • September: 5.5%
  • US Stocks vs. Bank Loans (SPY vs. BKLN): +12.8% vs. -3.8% (someone's wrong...)
  • 100% of 94 economists expect higher US bond yields in 2015, 96% see US growth above 2.5% (Bloomberg survey)
  • The massive investment into stocks for the week ended December 24th was largest since Lipper started tracking the weekly statistic in 1992.
  • NASDAQ is within 5% of reaching its 2000 peak (15 yrs...)

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.