Wall St back at Square One, with S&P flat in 2011 - News and Current Events | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Wall St back at Square One, with S&P flat in 2011
Started:December 30th, 2011 (05:56 PM) by kbit Views / Replies:492 / 0
Last Reply:December 30th, 2011 (05:56 PM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Wall St back at Square One, with S&P flat in 2011

Old December 30th, 2011, 05:56 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Wall St back at Square One, with S&P flat in 2011

Reuters) - For the U.S. stock market, 2011 was a long wild ride to nowhere.

The broad S&P 500 endured huge daily swings but a year of drama left the index almost where it started. It lost a mere 0.003 percent, closest to unchanged since 1947, according to Standard & Poor's.
Global markets have been battered this year by the euro-zone debt crisis, upheaval in the Middle East, and U.S. political gridlock. Similar events probably await investors in 2012.

"The earnings and fundamentals were there for companies, but the political crisis and paralysis in Washington and Europe were too much," said Martin Sass, who founded and runs the $7.5 billion M.D. Sass hedge fund.
"They overwhelmed the fundamentals. I didn't think the euro- zone crisis would have been so protracted as it has become."

The Dow industrials gained 5.5 percent for the year as investors sought safety in large-cap, dividend-paying stocks. The Nasdaq lost 1.8 percent.

Investors took out their ire on the financials .GSPF, which were the weakest group this year, falling more than 18 percent. Concerns about exposure to Europe and the threat of a renewed financial crisis hurt those shares.
Bank of America Corp (BAC.N) was the Dow's worst performer, tumbling 58.3 percent this year, and it was also one of the S&P 500's biggest losers. JPMorgan Chase & Co (JPM.N) slumped 21.6 percent in 2011.

Cabot Oil & Gas Corp (COG.N) was the only S&P component to double its stock price in 2011 - rising 100.5 percent - followed by another energy name, El Paso Corp (EP.N), which rose 93.1 percent. The S&P 500 's weakest stock was First Solar (FSLR.O), as shares of that company were hit by falling solar panel prices. For the year, the stock was off 74.1 percent.

Defensive sectors like utilities outperformed growth sectors, underscoring the view that investors were concerned about the economic outlook.

McDonald's Corp (MCD.N) advanced 31 percent this year, making it the Dow's biggest gainer.
Reflecting the wild market swings, the CBOE Volatility Index, or VIX .VIX, rose about 32 percent for the year, the first increase since 2008. The S&P 500 climbed 9 percent at its peak, and dropped 14.5 percent to its bottom.

One potential silver lining headed into 2012 is that after relatively flat years, the market tends to bounce.
"The other times (the S&P 500) didn't change much during the year, it performed quite well during the next year," said Jason Goepfert, president of SentimenTrader.com in a report.

"Overall, the years after these small-change years did well, especially during the past 50 years."
Of those, the next year returned a median gain of 17.8 percent, according to Goepfert's data. The maximum loss averaged
a decline of only 1.6 percent versus a maximum gain that averaged 20.9 percent. He also noted the final session of the year has not had a great run lately, being positive only 34 percent of the time during the past 30 years.

On Friday, the Dow Jones industrial average finance/markets/index?symbol=us%21dji">.DJI fell 69.48 points, or 0.57 percent, to 12,217.56 at the close. The Standard & Poor's 500 Index .SPX slipped 5.42 points, or 0.43 percent, to 1,257.60. The Nasdaq Composite Index .IXIC dropped 8.59 points, or 0.33 percent, to 2,605.15.

Daily volume this week has been running about half of the average, with many traders away for the Christmas and New Year's holidays. The anemic action amplified moves in both directions.

European shares closed up on Friday, but recorded their biggest annual drop in three years as debt tensions in the euro zone strained the financial sector and threatened to derail a fragile economic recovery. .EU
Some believe investors may have become too panic-stricken about Europe, an issue that will dominate headlines in coming months.

"Most of the Italian debt gets rolled over in the first quarter ... Once that debt's rolled, if it's rolled successfully, then there isn't any more to talk about this subject we've beaten to death for over a year now," said Ken Fisher, chief executive of Fisher Investments.

Wall St back at Square One, with S&P flat in 2011 | Reuters

Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Wall St back at Square One, with S&P flat in 2011

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock Picking Is Finally Back After Flat Year for S&P 500 Quick Summary News and Current Events 0 December 23rd, 2011 02:30 PM
For Wall St.'s Big Players, the Holiday Party Is Still Over kbit News and Current Events 0 December 20th, 2011 11:03 AM
Wall St. banks wonder if they are shrinking for good kbit News and Current Events 0 November 21st, 2011 05:52 PM
Behind Wall St. Protests: Many Are Drowning in Student Debt Quick Summary News and Current Events 0 October 12th, 2011 07:00 PM
Tales from Wall St. about heavy-handed Finra kbit News and Current Events 0 June 10th, 2011 03:37 PM

All times are GMT -4. The time now is 09:11 AM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-27 in 0.08 seconds with 19 queries on phoenix via your IP