All Market News & Market Commentary. Oil Sands News, News Releases, Briefs and Editorials Worldwide | Oil Sands NewsMine. Will 2011 Make You Rich or Crush You Like a Bug? Last week I happened to notice that Fisher Investments' MarketMinder site had picked up one of my articles. Unfortunately, the purpose was to give the article a thumbs-down, saying that it was: Yet another example of overly bullish and bearish sentiment coexisting simultaneously. We know it seems odd, but this is a good example of prevalent bifurcated sentiment. For more, see our 02/07/2011 cover story, "2011: A Sentiment Tug of War. " It's a good point. Make no mistake: 2011 can be a perfectly good year. Looking at the broad market, Fisher believes that the pessimists still hanging onto their bleak pre-recession outlook have been counterbalanced by a fist-pumping group of optimists who -- inspired by the gains of the past two years -- are still expecting big things.
And as the market tends to do what investors least expect, Fisher thinks this split sentiment means that the market will neither be sharply up or sharply down and instead either "up a little or down a little. " PulteGroup Gains on Narrowed Losses. BLOOMFIELD HILLS, Mich. (TheStreet) -- PulteGroup (PHM_) gained ground Friday morning after the homebuilder narrowed its pre-tax quarterly losses. PulteGroup widened its net losses to $165 million, or 44 cents loss per share, but the bottom-line figure included $196 million in land-related charges and costs associated with organizational restructuring, debt reduction and other financing amendments completed in the recent quarter. On a pre-tax basis, PulteGroup narrowed its quarterly losses significantly to $190.5 million, from $917.2 million in the year-earlier period.
Results beat expectations for a loss of $30.3 million, or 10 cents loss per share. Analysts typically exclude one-time items when forecasting estimates. That led investors to bid PulteGroup shares 0.9% higher Friday morning to trade at $7.61. "After four years of steep declines, the U.S. housing market continues to show signs of stabilizing, albeit at historically low levels," said CEO Richard J. Morningstar Stock, Mutual Fund, Hedge Fund, ETF Investment Research.
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