Some “clouds have cleared” per our friend at Sandler O’neill

by Laura Ehrenberg-Chesler on March 21, 2012

in Banks,Credit Crisis,Employment,housing,Residential Real Estate,retail sales

About a week ago, our friend at Sandler O’Neill, Marc Flaster, listed some of the reasons that a “great weight has been lifted from the shoulders of the bond market”.  We think this list applies to the equity market as well, and compliments our blog post from December 29, 2011.

Marc lists issues that have been resolved for better or worse:  1)Greece  2)Bank stress tests  3)Employment is improving  4)Retail/Auto sales are vibrant  5)Housing inventory in distressed markets is clearing.  There are wholesale buyers buying homes to be used for rentals.  6)Dodd/Frank…The banks will deal with it.  7)War:  We are bringing the boys and girls home.

While Marc also comments on the “Negatives yet to be resolved”, his conclusion, which we concur with, is that “the clearing in the forest is larger now than it was a year ago.”

 

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