Roubos no retalho alemão batem recordes. Perdas rondam os cinco mil milhões

[EuroVerde]

Boa noite,

Bastará que o setor finaceiro norte americano recupere, para se assistir a novos máximos no S&P!... a ver...

Cumprimentos,

Por exemplo o Bank Of America (que é o espelho modelo do sector financeiro americano) ainda fundamentalmente não está preparado para uma franca recuperação ou bull market.

O sector financeiro nos EUA em 2012 e 2013 pode desenhar boas ondas bull and bear em um range normal de 2 ou 3 anos antes de partir para niveis mais sustentáveis de crédito.

[Cardos]

Boa noite,

Bastará que o setor finaceiro norte americano recupere, para se assistir a novos máximos no S&P!... a ver...

Cumprimentos,

[Elias]

Posteriormente a quebra da resistência dos 1570.

Se isto acontecer, o S&P fica verdadeiramente em unchartered territory.

[EuroVerde]

2 Objectivos para este, e o próximo ano.

Primeiramente a quebra da resistência dos últimos máximos a 1370.

Posteriormente a quebra da resistência dos 1570.

[jarc]

Sim, tudo aponta para os 1400 pontos no spx, mas para mim o que fundamenta esta subida não é o facto do SPx estar historicamente barato, o que fundamenta a subida dos índices americanos é a necessidade de fazer pressão sobre a Europa. É que com os índices americanos esticados será mais fácil fazer malhar ainda mais os índices europeus. Para mim esse é o verdadeiro fundamento.

[Elias]

thanks AC

[AC Investor Blog]

Link : http://www.cnbc.com/id/46102636

[Elias]

Stocks Are Cheaper Than They've Been in Two Decades
Published: Monday, 23 Jan 2012 | 1:30 PM ET Text Size
By: John Melloy

U.S. stocks are trading at their cheapest levels since at least 1990, according to such commonly used valuations as price-to-earnings and price-to-book ratios as well as dividend yield, Bespoke Investment Group says.

This realization will lift the S&P 500 Index [.SPX 1316.69 1.31 (+0.1%) ] by 11 percent to 1,400 this year or maybe more, according to the research firm’s 2012 outlook report.

“The S&P 500 is currently trading below its historical average P/E and P/B ratios, and these ratios are also at their lowest levels in the careers of a large percentage of money managers,” wrote strategists Paul Hickey and Justin Walters.

“While the current level of earnings is by no means guaranteed, the economic backdrop in terms of the US economy remains stable to positive," they added. "There is no denying the fact that the recovery has been tepid, but the manufacturing sector has been a pocket of strength, while the employment picture is really beginning to show improvement.”

The S&P 500 is already on track to reach or exceed this forecast, up more than four percent in 2012. Better-than-expected economic data and an emerging bailout solution in Europe are behind the gains.

To start 2012, the benchmark had an earnings multiple of 13, the lowest since 1990 and below the 80-year average of 15, according to Bespoke. It would take a move back to 1,484 to get the benchmark back to this long-term mean P/E.

The price-to-book ratio is 2.05, below the average since the late 1970s of 2.43. To get back to that average P/B, the benchmark would need to increase to 1,491.

One more valuation—dividend yield—points to above 1,400, argue the two strategists.

“At the end of 2011, the S&P 500 was yielding 13 percent more than the 10-Year US Treasury,” wrote Hickey and Walters. “Outside of the credit crisis, the last time the S&P 500 yielded more than the 10-Year Treasury was before 1960."

They added: "In order for the dividend yield to get back to its historical average relative to US Treasuries, either the 10-Year yield would have to rise back above 2 percent, the S&P 500 would have to rally to 1,410, or you would have to see some combination of the two.”