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Varchild2008 (83.79)

Was 2008 a Record Breaking Bull Market?



July 31, 2008 – Comments (2) | RELATED TICKERS: TAP , POT , RSG

FSLR Earnings Report Earnings = (Huge)
POT, TRA, CF Industries  Earnings  = (Huge)
EXON MOBILE, 3 Royalty Trust Stocks, Chesapeake, Vaalco, etc. (Huge)
U.S. Steel, CSN (SID), Mechel,  Earnings = Huge
Coal Stocks Earnings Huge
Railroads (CSX)  Earnings = HUGE

Even FORD produced a profit in the 1st Quarter of 2008.

Other companies that have done better this year than in the recent past:

Sun Hydraulics, Southwall Technologies, Clearly Canadian Beverage, Dr. Pepper Snapple, E-BAY, AMAZON, National Health Partners Resources, Genentech, Celgene, Wim-Bil Dann, TAP, Budweiser InBev, MEDCO Health, YUM, General Mills, McDonalds, Walmart, Costco, Gamestop, Take Two Interactive, Visa (granted this is the first year but historically it's a boom year for them), Mastercard, Netflix, Monsanto, AgFeed Industries, Hewlitt Packard, IBM, Tata Motors, Urban Outfitters, Jewlery Industry (did real well in the 1st half), Lipstick industry (1st half success),  
Marvel Entertainment, Johnson and Johnson, Cadbury, Procter and Gamble, etc.

And don't forget that this is the year of turn-a-rounds for:

1) Financials Bottomed
2) Starbucks has now bottomed and is headed up
3) E-Trade is soon to bottom
4) DELL (bottomed)
5) Intel Corp  (bottomed)
6) Dare I say it??  The "Airline" industry bottoms and is now headed up?
7) Dare I declare $42.32 a TARGET bottom?  You betcha!
8) General Electric bottoms and then soars off of Abu Dhabi deal
9) Clear Channel (a weak maybe)
10) Fannie & Freddie  (a weak maybe)

2008 =  Year of the Mega Mergers!

1) Berkshire Hathaway buy-out of Wrigley
2)  Sirius/XM
4)  Republic Services Group  (already a Merger) gets buy-out offer from Waste Management (still pending).
5)  J&J + Beijing Cosmetics  (not earth shaking but still J&J's stock price skyrocketed off the news)

Sure... I can make a pretty lengthy list of FAILURES as well mergers that didn't happen (Micro-Hoo), but taking everything together.... How in the world isn't this a BULL MARKET?  Why isn't the Dow at 15,000? 

2 Comments – Post Your Own

#1) On July 31, 2008 at 7:59 AM, Varchild2008 (83.79) wrote:

There's tons of success stories and mergers I didn't mention here such as the DEFENSE STOCKS (other than jets & airplane & helicopter companies like Boeing and Textron) have done well.

You want to see a BULL MARKET example to support my thesis that 2008 has been an insanely good year for stocks?

Take a look at this ticker:  (FLIR)   That's Flir Systems, maker of Infrared technology and they TOO have created a pretty hefty buyout.

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#2) On July 31, 2008 at 9:05 AM, Gemini846 (34.87) wrote:

Good earnings does not justify inflated stock prices. It justifies fair stock prices. These stocks were inflated due to the massive amounts of money in the system. Now that money is disapearing like vapor these equities are returning to their fair value. 

History tells us they will be oversold before they go back up. The market has a tendancy to overcorrect. The fed's pilfering has only slowed this correction. It has not stopped it, and may have worstened it.

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