What's amazing to me is that market feels like it is only up say 10 - 15 percent for year, but then you pull up mutual fund portfolios and look at individual stocks and there are quite a few up 30%.
Berkshire Hathaway is up 30% and no mention on tv, for example. Microsoft, too.
HPQ up almost 85%, but do believe that was being priced end of last year for outside chance of not surviving long enough to complete 5 year turnaround plan (Dell was thought to be safer and further along last year, and now tables seem turned).
Stock vs. Flow?: http://www.zerohedge.com/news/stock-dead-long-live-flow-perpetual-qe-has-arrived &
http://www.zerohedge.com/news/its-l...oldman-stumbles-answer-and-changes-rules-game
(comments I've seen on tv seem to indicate crack cocaine easy money addicted financial markets fear any sort of taper (hard to tell if Bernanke backed off a bit today and said they will just stop reinvesting interest and principal from maturing securities back into qe, beyond the nominal $85 billion / mo, rather than actually tapering to $65 / billion per year that is more often talked about on tv). Seen numerous vague references to
flow on tv (comments like
Bernanke is an economist and doesn't understand markets (his answer that the effects of qe are dependent upon total
stock of assets held on Fed's balance sheet); vs.
Fed Governor Dudley, who walked back Bernanke's comments, who some talking head on tv said understands flow). Only seen a few articles about this on ZH, so really don't understand what they are talking about, but some of the taper tantrum does seem to focus on that particular issue...