This sent to us by Shaza via Bespoke Investment GroupWith tomorrow marking the two-year anniversary of the bull market, below we highlight the top performing US stocks (in the Russell 3,000) since 3/9/09. The average stock in the Russell 3,000 is up 260% since 3/9/09, but each of the stocks listed below is up more than 2,000%. Dana Holding (DAN) is up the most of any stock in the Russell 3,000 since 3/9/09 with a gain of 9,160%. It closed at $0.20 on that day two years ago, and it's currently trading at $18.52. Dollar Thrifty Automotive (DTG) is up the second most with a gain of 7,577%, followed by Pier 1 Imports (PIR), General Growth Propertieis (GGP), and ArvinMeritor (ARM). Each of the names just highlighted are up more than 5,000% since 3/9/09. Las Vegas Sands (LVS) is probably the most well-known of the stocks shown. On 3/9/09, LVS closed at $1.42 and it is currently above $42.To make the 2,000%+ club, the stock basically had to be trading near or below $1/share when the bear market came to an end in early 2009. Needless to say, not many people wanted to own penny stocks when the S&P 500 was hitting 666, so don't feel bad if you didn't pick up any of these names back then!
DEEP THOUGHTS FROM RAY DALIO
A very rare television interview with Ray Dalio, founder of BridgeWater, the world’s largest hedge fund. Dalio describes how he approaches the market and what his current outlook is.Dalio says:- The USD will eventually lose its reserve currency status (over the next 10 years).
- He is bullish about equities in 2011.
- Equities are still comparatively cheap.
- Gold is still unappreciated as an asset class.
- Diversification is the key. Dalio likes diversfiying out of dollar denominated assets such as emerging markets and gold.
- He believes the Fed saved us from a depression.
- Economic growth will slow in Q4 2011.
- De-leveraging is not over yet, but stimulus is offsetting the effects.
- The economy will be much weaker in 2012.
- He likes emerging market currencies.
DEEP THOUGHTS FROM RAY DALIO
A very rare television interview with Ray Dalio, founder of BridgeWater, the world’s largest hedge fund. Dalio describes how he approaches the market and what his current outlook is.
Dalio says:
- The USD will eventually lose its reserve currency status (over the next 10 years).
- He is bullish about equities in 2011.
- Equities are still comparatively cheap.
- Gold is still unappreciated as an asset class.
- Diversification is the key. Dalio likes diversfiying out of dollar denominated assets such as emerging markets and gold.
- He believes the Fed saved us from a depression.
- Economic growth will slow in Q4 2011.
- De-leveraging is not over yet, but stimulus is offsetting the effects.
- The economy will be much weaker in 2012.
- He likes emerging market currencies.