Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with Stock Market Prices for Companies in each US State since March 6, 2009, the lowest point for the overall US Stock Market resulting from the aftershocks of the horrific late 2008 US Financial Meltdown, through the most recent date March 20, 2015......a roughly six year period of time.
Long-term Audited Earnings From Continuing Operations Under US Generally Accepted Accounting Principles (GAAP) drive Long-Term Changes in Stock Market Prices. These Company Earnings crashed with the late 2008 US Financial Meltdown and thus the linked Stock Market Prices of the related Companies also crashed.
But since the 2008 US Financial Meltdown, these Earnings have been consistently exceptional and thus the Stock Market Prices of the related Companies have also consistently exploded upwardly in the past six years.
This is the dilemma faced by the current US Fed ..... raise US interest rates or continue former US Fed Chair Ben Bernanke's economic policies which have continued to spur Company Earnings and thus also Company Stock Market Prices.
I think the current US Fed should tweak Bernanke's economic policies some to try to more effectively deal with income and wealth inequality, but why in the world would you want to alter them significantly since they have been so incredibly successful?
And the US Congress, and frankly also US Companies, just have to do a much better job addressing income and wealth inequality.
Los Angeles Area Companies stock market prices have been on fire in the past 4 1/2 months. They experienced very impressive average stock market price growth of 451% for the 6 years since March 6, 2009 through the most recent date March 20, 2015. This average growth since March 6, 2009 was a substantially lower but still impressive 401% only 4 1/2 months ago.
To illustrate just how very well and broad-based the Los Angeles economy is, below here are the average stock market price increases for the most recent 6 years since March 6, 2009 through the most recent date March 20, 2015 for the various LA Sectors:
| # of LA | Average Stock Market Price Increase | |
| LA Sector | Companies | 6 Years from March 6, 2009 to March 20, 2015 |
| Technology | 23 | 428% |
| Health Care | 19 | 585% |
| Finance | 32 | 436% |
| Services | 30 | 543% |
| Other Sectors | 27 | 293% |
| All | 131 | 451% |
Below here are the 131 Los Angeles Area Headquartered Companies with Stock Market Caps now of at least $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 20, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.
| Market | Market | Market | ||||||
| Price | Price | Price | ||||||
| % | % | % | ||||||
| Change | Change | Change | ||||||
| Market | Market | Market | 3-6-09 | 12-31-07 | 12-31-07 | |||
| Price | Price | Price | to | to | to | |||
| California Company | HQs | 3-20-15 | 3-6-09 | 12-31-07 | 3-20-15 | 3-6-09 | 3-20-15 | |
| $s | $s | $s | ||||||
| Los Angeles Area | ||||||||
| …..Technology | ||||||||
| CalAmp | Oxnard | LA | 17.54 | 0.39 | 2.78 | 4397% | -86% | 531% |
| Stamps.com | El Segundo | LA | 58.68 | 8.15 | 12.18 | 620% | -33% | 382% |
| Western Digital | Irvine | LA | 100.44 | 14.55 | 30.21 | 590% | -52% | 232% |
| Simulations Plus | Lancaster | LA | 6.34 | 0.98 | 3.82 | 547% | -74% | 66% |
| Newport | Irvine | LA | 19.89 | 3.19 | 12.79 | 524% | -75% | 56% |
| Conversant | Westlake Village | LA | 34.44 | 5.84 | 21.90 | 490% | -73% | 57% |
| OSI Systems | Hawthorne | LA | 73.62 | 14.07 | 26.47 | 423% | -47% | 178% |
| Microsemi | Aliso Viejo | LA | 36.34 | 9.29 | 22.14 | 291% | -58% | 64% |
| j2 Global | Los Angeles | LA | 70.07 | 18.62 | 21.17 | 276% | -12% | 231% |
| International Rectifier | El Segundo | LA | 39.98 | 11.59 | 33.97 | 245% | -66% | 18% |
| CoreLogic | Santa Ana | LA | 34.40 | 11.37 | 19.47 | 203% | -42% | 77% |
| Ixia | Calabasas | LA | 12.42 | 4.36 | 9.48 | 185% | -54% | 31% |
| Broadcom | Irvine | LA | 46.00 | 16.97 | 26.14 | 171% | -35% | 76% |
| Ingram Micro | Santa Ana | LA | 24.11 | 9.95 | 18.04 | 142% | -45% | 34% |
| Semtech | Camarillo | LA | 28.47 | 11.84 | 15.52 | 140% | -24% | 83% |
| Activision Blizzard | Santa Monica | LA | 23.42 | 10.33 | 14.85 | 127% | -30% | 58% |
| DTS Inc | Calabasas | LA | 34.06 | 15.35 | 25.57 | 122% | -40% | 33% |
| TTM Technologies | Costa Mesa | LA | 9.05 | 4.29 | 11.66 | 111% | -63% | -22% |
| Guidance Software | Pasadena | LA | 5.33 | 3.09 | 13.96 | 72% | -78% | -62% |
| Emulex | Costa Mesa | LA | 7.99 | 4.72 | 16.32 | 69% | -71% | -51% |
| Qlogic | Aliso Viejo | LA | 15.07 | 9.70 | 14.20 | 55% | -32% | 6% |
| Multi-Fineline Electronix | Irvine | LA | 18.49 | 13.05 | 17.34 | 42% | -25% | 7% |
| Quality Systems | Irvine | LA | 16.00 | 17.75 | 15.25 | -10% | 16% | 5% |
| …..Health Care | ||||||||
| Avanir Pharmaceuticals | Aliso Viejo | LA | 16.96 | 0.38 | 1.26 | 4363% | -70% | 1243% |
| Questcor Pharmaceuticals | Anaheim | LA | 93.60 | 5.02 | 5.77 | 1765% | -13% | 1522% |
| Endologix | Irvine | LA | 16.49 | 1.38 | 2.80 | 1095% | -51% | 489% |
| Allergan | Irvine | LA | 240.22 | 36.52 | 64.24 | 558% | -43% | 274% |
| STAAR Surgical | Monrovia | LA | 7.39 | 1.25 | 2.64 | 491% | -53% | 180% |
| The Ensign Group | Mission Viejo | LA | 46.08 | 7.82 | 7.86 | 489% | 0% | 487% |
| Molina Healthcare | Long Beach | LA | 64.89 | 11.43 | 25.80 | 468% | -56% | 152% |
| Health Net | Woodland Hills | LA | 61.31 | 10.93 | 48.30 | 461% | -77% | 27% |
| Edwards Lifesciences | Irvine | LA | 146.77 | 27.45 | 23.00 | 435% | 19% | 538% |
| Amgen | Thousand Oaks | LA | 170.10 | 46.38 | 46.44 | 267% | 0% | 266% |
| ICU Medical | San Clemente | LA | 92.70 | 28.41 | 36.01 | 226% | -21% | 157% |
| IPC The Hospitalist Co | North Hollywood | LA | 46.82 | 15.30 | 20.48 | 206% | -25% | 129% |
| MannKind | Valencia | LA | 5.26 | 2.17 | 7.96 | 142% | -73% | -34% |
| Arrowhead Research | Pasadena | LA | 7.37 | 4.30 | 37.80 | 71% | -89% | -81% |
| CytRx | Los Angeles | LA | 3.35 | 1.96 | 19.88 | 71% | -90% | -83% |
| Masimo | Irvine | LA | 31.01 | 24.08 | 39.45 | 29% | -39% | -21% |
| Skilled Healthcare Group | Foothill Ranch | LA | 8.77 | 8.00 | 14.63 | 10% | -45% | -40% |
| Peregrine Pharmaceuticals | Tustin | LA | 1.49 | 1.60 | 2.22 | -7% | -28% | -33% |
| Alliance Healthcare Services | Newport Beach | LA | 23.19 | 34.35 | 48.10 | -32% | -29% | -52% |
| …..Finance | ||||||||
| Consumer Portfolio Services | Irvine | LA | 6.88 | 0.35 | 3.35 | 1866% | -90% | 105% |
| CapitalSource | Los Angeles | LA | 15.50 | 1.01 | 17.59 | 1435% | -94% | -12% |
| CBRE Group | Los Angeles | LA | 36.79 | 2.52 | 21.55 | 1360% | -88% | 71% |
| Macerich | Santa Monica | LA | 89.21 | 6.79 | 67.32 | 1213% | -90% | 33% |
| East West Bancorp | Pasadena | LA | 41.13 | 3.69 | 24.23 | 1015% | -85% | 70% |
| Sunstone Hotel Investors | Aliso Viejo | LA | 17.29 | 2.11 | 18.29 | 719% | -88% | -5% |
| BBCN Bancorp | Los Angeles | LA | 14.60 | 2.25 | 11.67 | 549% | -81% | 25% |
| Pacific Premier Bancorp | Irvine | LA | 16.29 | 2.80 | 6.91 | 482% | -59% | 136% |
| Preferred Bank | Los Angeles | LA | 28.13 | 5.35 | 26.02 | 426% | -79% | 8% |
| Kilroy Realty | Los Angeles | LA | 78.86 | 15.52 | 54.96 | 408% | -72% | 43% |
| PacWest Bancorp | Los Angeles | LA | 47.26 | 9.78 | 41.24 | 383% | -76% | 15% |
| Douglas Emmett Inc | Santa Monica | LA | 30.37 | 6.45 | 22.61 | 371% | -71% | 34% |
| Sabra Health Care REIT | Irvine | LA | 34.02 | 8.24 | 17.17 | 313% | -52% | 98% |
| Public Storage | Glendale | LA | 199.12 | 48.83 | 73.41 | 308% | -33% | 171% |
| City National | Los Angeles | LA | 89.59 | 23.68 | 59.55 | 278% | -60% | 50% |
| CorVel | Irvine | LA | 34.52 | 9.25 | 11.51 | 273% | -20% | 200% |
| Cathay General Bancorp | Los Angeles | LA | 28.08 | 8.08 | 26.49 | 248% | -69% | 6% |
| Provident Financial Holdings | Riverside | LA | 15.56 | 4.80 | 16.46 | 224% | -71% | -5% |
| Hanmi Financial | Los Angeles | LA | 20.79 | 6.64 | 69.96 | 213% | -91% | -70% |
| Alexandria Real Estate Equities | Pasadena | LA | 102.42 | 32.83 | 101.67 | 212% | -68% | 1% |
| CU Bancorp | Encino | LA | 22.23 | 7.65 | 14.00 | 191% | -45% | 59% |
| Wilshire Bancorp | Los Angeles | LA | 10.17 | 3.65 | 7.85 | 179% | -54% | 30% |
| CVB Financial | Ontario | LA | 16.05 | 5.77 | 10.34 | 178% | -44% | 55% |
| LTC Properties | Westlake Village | LA | 45.46 | 16.74 | 25.05 | 172% | -33% | 81% |
| HCP Inc | Long Beach | LA | 42.44 | 16.08 | 34.78 | 164% | -54% | 22% |
| Simplicity Bancorp | Covina | LA | 17.16 | 6.80 | 10.09 | 152% | -33% | 70% |
| Mercury General | Los Angeles | LA | 58.37 | 23.53 | 49.81 | 148% | -53% | 17% |
| American Business Bank | Los Angeles | LA | 27.90 | 11.65 | 16.53 | 140% | -30% | 69% |
| Pacific Mercantile Bancorp | Costa Mesa | LA | 7.25 | 3.15 | 12.31 | 130% | -74% | -41% |
| Banc of California | Irvine | LA | 11.92 | 5.63 | 18.00 | 112% | -69% | -34% |
| California First Natl Bancorp | Irvine | LA | 14.19 | 7.53 | 9.74 | 88% | -23% | 46% |
| Anworth Mortgage Asset | Santa Monica | LA | 5.36 | 5.54 | 8.26 | -3% | -33% | -35% |
| …..Services | ||||||||
| Entravision Communications | Santa Monica | LA | 6.86 | 0.20 | 7.83 | 3330% | -97% | -12% |
| On Assignment | Calabasas | LA | 38.80 | 1.44 | 7.01 | 2594% | -79% | 453% |
| DineEquity | Glendale | LA | 106.25 | 5.93 | 36.58 | 1692% | -84% | 190% |
| Salem Communications | Camarillo | LA | 5.63 | 0.34 | 6.59 | 1556% | -95% | -15% |
| Live Nation Entertainment | Beverly Hills | LA | 25.50 | 2.89 | 14.52 | 782% | -80% | 76% |
| Cheesecake Factory | Calabasas | LA | 49.11 | 7.15 | 23.71 | 587% | -70% | 107% |
| Walt Disney Co | Burbank | LA | 108.43 | 15.83 | 32.28 | 585% | -51% | 236% |
| Collectors Universe | Santa Ana | LA | 22.16 | 3.38 | 11.18 | 556% | -70% | 98% |
| Lions Gate Entertainment | Santa Monica | LA | 33.63 | 5.32 | 9.42 | 532% | -44% | 257% |
| General Finance Corp | Pasadena | LA | 8.29 | 1.46 | 9.08 | 468% | -84% | -9% |
| Daily Journal | Los Angeles | LA | 192.55 | 34.32 | 41.25 | 461% | -17% | 367% |
| BJs Restaurants | Huntington Beach | LA | 52.88 | 10.66 | 16.26 | 396% | -34% | 225% |
| Reading Intl | Los Angeles | LA | 13.63 | 3.05 | 9.99 | 347% | -69% | 36% |
| Acacia Research Corp | Newport Beach | LA | 11.12 | 2.50 | 8.98 | 345% | -72% | 24% |
| DIRECTV | El Segundo | LA | 86.25 | 19.68 | 23.12 | 338% | -15% | 273% |
| Korn/Ferry Intl | Los Angeles | LA | 32.49 | 8.30 | 18.82 | 291% | -56% | 73% |
| United Online | Woodland Hills | LA | 15.85 | 4.06 | 11.82 | 290% | -66% | 34% |
| Big 5 Sporting Goods | El Segundo | LA | 13.54 | 4.46 | 14.42 | 204% | -69% | -6% |
| VCA Antech Inc | Los Angeles | LA | 54.34 | 18.06 | 44.23 | 201% | -59% | 23% |
| PCM Inc | El Segundo | LA | 9.27 | 3.24 | 9.31 | 186% | -65% | 0% |
| Crown Media Holdings | Studio City | LA | 4.08 | 1.62 | 6.50 | 152% | -75% | -37% |
| Pacific Sunwear California | Anaheim | LA | 2.90 | 1.32 | 14.11 | 120% | -91% | -79% |
| Arden Group | Compton | LA | 126.38 | 83.86 | 154.69 | 51% | -46% | -18% |
| AECOM Technology | Los Angeles | LA | 31.09 | 21.17 | 28.57 | 47% | -26% | 9% |
| Guess? Inc | Los Angeles | LA | 18.84 | 13.29 | 37.89 | 42% | -65% | -50% |
| Cherokee | Sherman Oaks | LA | 18.80 | 13.27 | 32.27 | 42% | -59% | -42% |
| Jacobs Engineering Group | Pasadena | LA | 44.80 | 32.71 | 95.61 | 37% | -66% | -53% |
| Resources Connection | Irvine | LA | 17.31 | 13.02 | 18.16 | 33% | -28% | -5% |
| DreamWorks Animation SKG | Glendale | LA | 22.00 | 18.56 | 25.54 | 19% | -27% | -14% |
| Tetra Tech | Pasadena | LA | 24.68 | 21.17 | 21.50 | 17% | -2% | 15% |
| …..Other Sectors | ||||||||
| Standard Pacific | Irvine | LA | 8.86 | 0.69 | 3.35 | 1184% | -79% | 164% |
| Skechers USA | Manhattan Beach | LA | 71.41 | 5.71 | 19.51 | 1151% | -71% | 266% |
| Signature Group Holdings | Sherman Oaks | LA | 6.70 | 0.80 | 35.00 | 738% | -98% | -81% |
| Monster Beverage | Corona | LA | 137.52 | 17.68 | 22.15 | 678% | -20% | 521% |
| Motor Parts America | Torrance | LA | 26.20 | 3.45 | 10.96 | 659% | -69% | 139% |
| Herbalife | Los Angeles | LA | 42.10 | 6.47 | 20.14 | 551% | -68% | 109% |
| Calavo Growers | Santa Paula | LA | 52.85 | 10.99 | 18.95 | 381% | -42% | 179% |
| Teledyne Technologies | Thousand Oaks | LA | 104.23 | 22.29 | 53.33 | 368% | -58% | 95% |
| Kaiser Aluminum | Foothill Ranch | LA | 76.66 | 16.70 | 79.48 | 359% | -79% | -4% |
| Ryland Group | Westlake Village | LA | 47.58 | 12.33 | 27.55 | 286% | -55% | 73% |
| Universal Electronics | Santa Ana | LA | 56.53 | 15.75 | 33.44 | 259% | -53% | 69% |
| Avery Dennison | Pasadena | LA | 53.49 | 17.40 | 53.14 | 207% | -67% | 1% |
| Reliance Steel & Aluminum | Los Angeles | LA | 59.49 | 22.44 | 54.20 | 165% | -59% | 10% |
| Ducommun Inc | Carson | LA | 26.63 | 11.96 | 38.00 | 123% | -69% | -30% |
| Mattel | El Segundo | LA | 24.00 | 10.82 | 19.04 | 122% | -43% | 26% |
| Tutor Perini | Sylmar | LA | 23.27 | 10.77 | 41.42 | 116% | -74% | -44% |
| Quiksilver | Huntington Beach | LA | 2.12 | 0.99 | 8.58 | 114% | -88% | -75% |
| Rentech | Los Angeles | LA | 1.18 | 0.56 | 1.81 | 111% | -69% | -35% |
| Superior Industries Intl | Van Nuys | LA | 19.25 | 9.48 | 18.17 | 103% | -48% | 6% |
| Chromadex | Irvine | LA | 1.35 | 0.70 | 3.75 | 93% | -81% | -64% |
| KB Home | Los Angeles | LA | 15.26 | 8.27 | 21.60 | 85% | -62% | -29% |
| Farmer Brothers | Torrance | LA | 25.47 | 15.19 | 22.99 | 68% | -34% | 11% |
| Capstone Turbine | Chatsworth | LA | 0.66 | 0.43 | 1.63 | 54% | -74% | -59% |
| Breitburn Energy Partners LP | Los Angeles | LA | 6.01 | 6.11 | 28.90 | -2% | -79% | -79% |
| American Vanguard | Newport Beach | LA | 10.48 | 11.73 | 17.35 | -11% | -32% | -40% |
| AeroVironment | Monrovia | LA | 26.85 | 31.78 | 24.20 | -16% | 31% | 11% |
| JAKKS Pacific | Malibu | LA | 6.68 | 10.80 | 23.61 | -38% | -54% | -72% |
| Average % Change all 131 LA Area Companies | 451% | -55% | 90% | |||||
