Trader Talk
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- Hostage to Headlines
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Facebook and Morgan Stanley's 99 Problems
- Lousy Economic Numbers, but Stocks Hold Up
- Eurobond Talk: Good News and Bad News
- Hopes Fading for Big Announcement From EU Leaders
- European 'Crisis Tennis' Again
- Facebook IPO 'Conspiracy' Theories Abound
- OK, Facebook Is Embarrassing
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When Was Last Rally Like This?
CNBC Reporter
Every day, traders write to me saying, have you ever seen anything like this rally, Bob? When was the last time you saw this?
Well, now we know, thanks to the number crunchers at Bespoke: it's pretty rare. Since September 1, the S&P 500 is up 27 percent.
Bespoke found 5 periods where the S&P charts matched nearly perfectly with the action of the last six months: 1935, 1949, 1953, 1958, and 1995.
What they found: in each of those five cases, the S&P 500 saw additional gains over the following 12 months with an average gain of 22.1%!
Thank you, Paul Hickey at Bespoke.
Speaking of big rallies ... energy stocks go parabolic .. .forget the NASDAQ ... energy stocks are on a tear. (YTD)
Marathon [MRO
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] up 34%—35 bil
Tesoro [TSO
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] up 24%—refiners
El Paso [EP
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] up 29%—nat gas
EOG [EOG
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] up 18%—natural gas
ExxonMobil [XOM
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] up 15%—big oil
Marathon has a market cap of $35 billion, for heaven's sake!
Here's what's moving them:
1) Crude fundamentals, with all the issues in the Middle East
2) the WTI-Brent dislocation, which benefits some companies
3) Upward revisions to global growth forecasts
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- Hostage to Headlines
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Facebook and Morgan Stanley's 99 Problems
- Lousy Economic Numbers, but Stocks Hold Up
- Eurobond Talk: Good News and Bad News
- Hopes Fading for Big Announcement From EU Leaders
- European 'Crisis Tennis' Again
- Facebook IPO 'Conspiracy' Theories Abound
- OK, Facebook Is Embarrassing












