Stocks Over Bonds Since the Election

The stock market is down just a tad this morning. The ISM report for May was pretty much a bust. In response, gold is up and bonds are down. With stocks, financials are down the most while energy is leading. As I said recently in the newsletter, don’t expect the Fed to taper any time soon.

We learned this weekend that DirecTV ($DTV) is one of three outfits that have bid more than $1 billion for Hulu. My feeling is that DTV’s management is pretty conservative when it comes to acquisitions so the odds of them buying Hulu are low. Still, it could happen. Hulu has looked to sell itself in the past but they balked at the offers they got.

Here’s a look at how badly the stock market has beaten the bond market since the election.

In January, I said that Facebook ($FB) was “horribly overpriced.” The stock is down 25% since then. I do believe that the stock market is efficent — it just takes its time.

Posted by Eddy Elfenbein on June 3rd, 2013 at 10:58 am

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