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...The S&P 500 isn’t at such extremes today....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...$1.5bn to c.$1.2bn....
...The failure of higher rates to pop bubbles (when stocks someone doesn’t own rise a lot in value) is a source of continual annoyance....
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...Things that look like a crisis from the outside often aren’t enough [to force change]. Deep financial stress is often what it takes. And that is something Boeing hasn’t had....
...That bias doesn’t seem to be an issue for equity analysts, who tend to be most comfortable assuming tomorrow will be much like today....
...“As far as I know, The Henderson seems to only accept tenants of top-notch quality,” says Ricky Tsang, director of corporate ratings at S&P....
...What is the trailing P/E ratio of the top-10 stocks in the S&P 500 today? They are more overvalued than the top-10 were in the tech bubble....
...“They don’t have to check with me before they buy or sell anything,” he said in 2017. “Sometimes they will have talked to me about something they are doing....
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...So everyone piled in and production shot up, but near-term demand hasn’t materialised....
...Looks like S&P Ratings doesn’t find “attestations” especially convincing, either....
...And today you don’t even have to take duration risk to earn income, if you don’t want to. You can get the same yield on the two-year. Why on earth would you own utilities?...
...As you can see at right, bank credit is still restricted, but spreads don’t care....
...The Big Four index funds of Vanguard, State Street, Fidelity and BlackRock control more than 20 per cent of the votes of S&P 500 companies....
...As much as 45 per cent of the financial companies in the S&P 500 have no women among their “named executive officers”, those C-suite members important enough to have their pay officially disclosed, according...
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...He added: “I don’t think it’s the model which is the issue per se, it’s the shift in the regulatory and political landscape.”...
...S&P says Cameroon also made some late payments on some “noncommercial, bilateral creditors” — we’re guessing some national or supranational development banks — but that it doesn’t classify this as a default...
...Read the full analysis here and don’t miss FT Alphaville’s take on it too. How does this story end? Email me: harriet.agnew@ft.com While you were away . . ....
...P Soleil d’Or gives bright yellow berries on red stems, and P rogersiana Flava has glossy yellow fruits....
...“Is it true that triple-C firms have interest coverage ratios below 1? Definitely, but that’s always been the case....
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