Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (46567)	11/13/2008 4:34:33 PM
From: stockman_scott	Respond to of 57684

U.S. Stocks Rise, Led by Shares of Energy & Real-Estate Firms By Elizabeth Stanton Nov. 13 (Bloomberg) -- U.S. stocks rallied the most in two weeks, with the Standard & Poor's 500 Index jumping 6 percent in the final hour, as investors snapped up the cheapest energy shares on record and real-estate companies gained after CB Richard Ellis Inc. raised cash in a share sale. Exxon Mobil Corp. and Chevron Corp. led gains in all 40 energy producers in the S&P 500 and helped the Dow Jones Industrial Average rebound from a 317-point drop. CB Richard Ellis, the world's largest provider of commercial real-estate services, surged 43 percent for its steepest advance since going public in 2004. Declines in midday trading today pushed the S&P 500 to 35 percent below its average for the past 200 days, only the second time that's happened since the Great Depression. The last time was a day before the index rose 12 percent on Oct. 13, the biggest rally since 1939. ``Bottom line, stocks are incredibly cheap,'' said Wayne Wilbanks, chief investment officer of Wilbanks Smith & Thomas Asset Management in Norfolk, Virginia, which oversees $1.1 billion. ``Volatility accelerates when markets reach bottoms. We could be at 10,000 in a day and a half the way the market is right now.'' The S&P 500 added 6.9 percent to 911.29, reversing a slide of 3.9 percent. The Dow increased 552.59 points, or 6.7 percent, to 8,835.25. The Nasdaq Composite Index jumped 6.5 percent to 1,596.7. More than 14 stocks rose for each that fell on the New York Stock Exchange, where almost 2 billion shares changed hands in the busiest trading session since Oct. 16. The S&P 500 swung between gains and losses at least 38 times, including a drop that sent the benchmark index to its lowest level since the Iraq War broke out 5 ½ years ago. Europe's benchmark index fell 0.6 percent, led by banks and commodity producers, as Germany sank into recession and the OECD forecast a global economic slump. Asia's regional benchmark slid 4.8 percent after Commonwealth Bank of Australia said bad debts may double and China's industrial output missed estimates. The MSCI Emerging Markets Index lost 1.3 percent, extending its three-day slide to almost 10 percent. To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net. Last Updated: November 13, 2008 16:30 EST

To: Bill Harmond who wrote (46567)	11/13/2008 8:29:06 PM
From: stockman_scott	Respond to of 57684

...Today the S&P lifted above its Oct. 10 trading lows, and a Treasury auction of 30-year bonds got decent demand from both domestic and foreign buyers, said Arthur Hogan, chief market analyst at Jefferies & Co. The auction results alleviated some fears that the government will have a hard time financing its costly bailout. Hogan called it a "great sign" that the S&P recovered after falling below its Oct. 10 trading lows. "Historically, if you test a low within 45 days and close above it, it's very bullish," he said. Many analysts had predicted the market would retest the multi-year lows it reached last month. They also still forecast volatility for some time to come, as Wall Street tries to rebuild from October's devastating losses and gauge the severity of the economy's downturn. During past recoveries from bear markets, a great deal of turbulence in the market became commonplace.

To: Bill Harmond who wrote (46567)	11/13/2008 10:12:28 PM
From: stockman_scott	Respond to of 57684

Asian Stocks Gain as Bargains Emerge; BHP Billiton, Toyota Rise By Kyung Bok Cho and Patrick Rial Nov. 14 (Bloomberg) -- Asian stocks rose for the first time in four days, as investors snapped up shares trading near the cheapest valuations on record and oil and metal prices rallied. BHP Billiton Ltd., which trades at less than 5 times estimated earnings, climbed 5.2 percent after oil prices rebounded from the lowest level since January 2007 and nickel and zinc prices rose. Isuzu Motors Ltd., which saw its valuation slump to less than 3 times trailing earnings last month, advanced 4.1 percent. Toyota Motor Corp. gained 4.6 percent after the yen depreciated, increasing the value of repatriated earnings. ``It seems more that investors are doing some massive short covering,'' Soichiro Monji, chief strategist at Tokyo-based Daiwa SB Investments Ltd., which manages about $53 billion, said in an interview with Bloomberg Television. The MSCI Asia Pacific Index added 1.8 percent to 83.76 at 9:55 a.m. in Tokyo, set for a 4 percent drop this week. Japan's Nikkei 225 Stock Average gained 4.2 percent to 8,587.06 and stocks also advanced in Australia and South Korea. Futures on the Standard & Poor's 500 Index slid 0.4 percent. U.S. stocks rose yesterday, with the S&P 500 advancing in the final hour of trading to close 6.9 percent higher as the rebound in oil prices boosted shares including Exxon Mobil Corp. Shares on the MSCI Asia Index are valued at 10 times trailing earnings and fell to as low as 8.2 times last month. Prior to the current market turmoil, it had never dropped below 10, according to Bloomberg data dating back to 1995. The gauge has lost more than half its value since its peak in November 2007. BHP, the world's biggest mining company and Australia's largest oil producer, added 5.2 percent to A$26.29. SK Energy Co., South Korea's largest oil refiner, advanced 4.7 percent to 65,100 won. Rio Tinto Group, the third biggest miner, climbed 7 percent to A$73.80. Toyota, Canon Crude oil added 3.7 percent to $58.24 a barrel yesterday in New York after a U.S. government report showed a smaller-than- expected supply increase and refiners cut operating rates. A measure of six metals traded on the London Metal Exchange gained yesterday for the first time in three days as zinc rose 4.9 percent and nickel 9.1 percent. Toyota Motor Corp., Japan's biggest automaker, gained 4.6 percent to 3,220 yen. Canon Inc., the world's biggest digital- camera maker, advanced 5.3 percent to 3,000 yen, the first rise in four days. The yen weakened to 97.68 versus the dollar, from 95.62 at the close of trading yesterday. Against the euro, the yen dropped to as low as 125.08, from 119.23. A weaker yen increases the value of Japanese exporters' dollar-denominated sales when converted into local currency. To contact the reporter for this story: Kyung Bok Cho in Seoul at kcho7@bloomberg.net; Patrick Rial in Tokyo at prial@bloomberg.net. Last Updated: November 13, 2008 20:14 EST

To: Bill Harmond who wrote (46567)	11/14/2008 11:30:28 AM
From: fedhead	Read Replies (1) \| Respond to of 57684

Yesterday looked like a key reversal day so we have probably put in some kind of a low. Hard to tell if it is going to be the ultimate low of the bear market as the earnings are bieng revised down. Anindo

To: Bill Harmond who wrote (46567)	11/14/2008 12:25:04 PM
From: stockman_scott	Respond to of 57684

Heebner Abandons Top Energy Stakes, Buys Financials (Update1) By Sree Vidya Bhaktavatsalam Nov. 14 (Bloomberg) -- Capital Growth Management LP's Kenneth Heebner, who in 2007 dumped his entire stake in banks to load up on energy shares, reversed course by selling his top energy holdings and starting new positions in Citigroup Inc., Wells Fargo & Co. and Bank of America Corp. Capital Growth, based in Boston, bought 15.4 million shares of Wells Fargo, 27 million shares of Citigroup and 15.6 million shares of Bank of America in the three months ended Sept. 30, according to a regulatory filing today. The firm sold all its shares of Schlumberger Ltd., along with those of Freeport-McMoran Copper & Gold Inc., Peabody Energy Corp., and Consol Energy Inc. The four companies were four of the money manager's top five holdings as of June 30, Bloomberg data show. Heebner, 68, known for his rapid movements in and out of stocks, exited banks in the second quarter of 2007 after saying that the credit crisis would hobble earnings. He put more than three-fourths of the fund into natural resources and energy, helping his CGM Focus Fund to an 80 percent gain in 2007, the best performance by a U.S. stock fund. The $7.4 billion CGM Focus has dropped 46 percent this year, lagging behind 99 percent of rival funds, according to Bloomberg data. Heebner wasn't available for comment, spokeswoman Martha McGuire said. Nicknamed ``Bigfoot'' by industry professionals for his large and sudden trades, Heebner now has nearly half of the firm's portfolio in financial companies, Bloomberg data show. Energy and materials companies now account for 13 percent of Capital Growth's assets, the data show. The firm still holds 13 million shares of Petroleo Brasileiro SA, the Brazilian oil company. Heebner is the co-founder of Capital Growth, which manages more than $10 billion in assets. Besides CGM Focus, Heebner manages the $2.3 billion CGM Realty Fund and the $674 million CGM Mutual Fund. To contact the reporters on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net. Last Updated: November 14, 2008 11:50 EST