Tuesday, February 5, 2013

6/2/2013 stocks news

Yessssssssss

Yessssssssssssssssss

The Dow stock market index flirted with the 14,000 line Friday, bringing reminders of the last time it hit that mark — almost a different era, before the financial crisis rocked the world economy.

The government jobs report that pushed stocks forward was mixed, but traders chose to focus on the positive. The U.S. said it added 157,000 jobs in January, which was in line with expectations. Unemployment inched up to 7.9 percent from 7.8 percent in December. But, encouragingly, the government also reported that hiring over the past two years has been higher than it originally thought.

Propelled by reports on U.S. jobs and auto sales, the Dow Jones industrial average crossed the line and kept its ground through the early afternoon, after flitting back and forth throughout the morning. The other major stock indexes also rose.

Yesssssssssssss

DOW @ 14000

The next American wealth boom has officially begun.It may not feel like it for many Americans. But with the Dow breaching 14,000, shareholders and investors have recovered the more than $8 trillion in wealth lost during the recession and attained levels of paper wealth they haven't seen since the Roaring Oughts.

The stock market has gone from wealth destroyer to the nation's largest manufacturer of new millionaires and billionaires. The market moves are creating a new virtuous cycle of confidence for the wealthy. A new survey from Spectrem Group shows that millionaire confidence in the economy hit the highest level in two years, led by their bullishness on the economy and corporate earnings.

The big question now is what the next Gilded Age will look like, who will benefit and how long the market-fueled prosperity will last.

The population of millionaires in America is now at or above its 2007 high. According to Spectrem Group, the wealth research firm, there are about 9 million American households with investible assets of $1 million or more.

The final tally for 2012 is not yet released, but George Walper, president of Spectrem Group, said he expects 2012 and 2013 to to approach, or even match the all-time high of 9.2 million in 2007.

The population of individual millionaires (as opposed to households) rebounded to its all-time high two years ago. According to CapGemini, there were 3.35 million millionaires in North America in 2011, up from 3.2 million in 2007. Their total wealth in 2011 was just shy of the 2007 peak, at $11.7 trillion.

Other measures show a similar resurgence of wealth at the top. The total wealth of the Forbes 400 hit $1.7 trillion in 2012, topping the record of $1.58 trillion in 20008. The average net worth of the Forbes lister topped $4.2 billion – the highest ever.

There has been a massive reshuffling in the world of wealth, where millionaires and billionaires have fallen out of the top and been replaced by the freshly minted rich. Billionaires like hedge-funder Phil Falcone, real-estate tycoon Tim Blixseth and banking chief Sandy Weill fell off the Forbes list, while Facebook's Mark Zuckerberg, Under Armour's Kevin Plank and Spanx founder Sara Blakely burst on to the list after 2008.

The investment ideas of Warren Buffett is most basic and simple to implement. The beauty of his investment ideas is that they are so easy and logical that at times people overlook the same ideas even though it must have crossed their mind. These investment ideas of Warren Buffett has not only help the maestro to make billions but also stands as a guiding principles for every other investor of this world.

Warren Buffett’s investment ideas asks us to buy stocks of only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.