Thursday, September 19, 2013

Double Tops Never Fail

This is a double top of the ugliest sort.  A look at the top 1% share of total income.  The last time it was this high was in 1928.
Data from Mike Konczal (Rortybomb) of Next New Deal .

Bernanke Slaughters Bears/ Performances

Bernanke stuck it to the bears in stocks and bonds yesterday.  Bears in bonds will need an event not on the screen to reclaim any hope this year.  Bears in stocks will need a twist in debt ceiling/budget game.

Much talk has been about the anniversary of the 2008 crash.  Here is an accounting of eight stock performances this year and since December 31, 2007.  The first percentage return is this year, followed by last 5 years.

AAPL  -13%/ +134%  BAC +27%/-61%   GOOG +28%/+31%   GS +32%/-22%

IBM +.09%/+80%    MSFT  +25%/-6%  F  +36%/+134%  PFE  +16%/+26%