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1.Market Observations

27 Aug 2014 (AFR) – US stocks hit all-time high

(27 August 2014, AFR, p19, John Kehoe and Jonathan Shapiro)

‘When the United States sharemarket made history and hit 2000 points for the first time on Monday, traders standing on the floor of the New York Stock Exchange erupted in applause. But there was a group of shareholders not so thrilled: investors in some of the world’s biggest financial ­companies. Since the S&P 500 doubled from 1000 points on February 2, 1998, seven of the 10 worst-performing stocks have been financial firms.’

Read more at AFR.com (might need AFR login access)

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