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.
San Diego Area Companies stock market prices have been on absolute fire in the past 4 1/2 months. They experienced very impressive average stock market price growth of 452% 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 359% only 4 1/2 months ago.
Below here are the San Diego Companies 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 San Diego Sectors:
|San Diego||# of SD||Average Stock Market Price Increase|
|Sector||Companies||6 Years from March 6, 2009 to March 20, 2015|
And below here are the 43 San Diego 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.
|San Diego Area|
|Imageware Systems||San Diego||SD||1.75||0.21||1.51||733%||-86%||16%|
|Entropic Communications||San Diego||SD||3.00||0.49||7.28||512%||-93%||-59%|
|Cubic Corp||San Diego||SD||53.61||24.32||21.70||120%||12%||147%|
|Maxwell Technologies||San Diego||SD||7.55||5.09||8.27||48%||-38%||-9%|
|Leap Wireless||San Diego||SD||17.52||29.57||46.64||-41%||-37%||-62%|
|ACADIA Pharmaceuticals||San Diego||SD||34.45||0.80||11.07||4206%||-93%||211%|
|Neurocrine Biosciences||San Diego||SD||43.60||3.21||4.54||1258%||-29%||860%|
|Ligand Pharmaceuticals||La Jolla||SD||76.70||16.56||28.98||363%||-43%||165%|
|AMN Healthcare Services||San Diego||SD||22.15||4.89||17.17||353%||-72%||29%|
|Halozyme Therapeutics||San Diego||SD||14.63||4.66||7.11||214%||-34%||106%|
|Orexigen Therapeutics||La Jolla||SD||7.19||2.63||14.25||173%||-82%||-50%|
|Cadence Pharmaceuticals||San Diego||SD||13.98||5.83||14.86||140%||-61%||-6%|
|Arena Pharmaceuticals||San Diego||SD||4.80||4.06||7.83||18%||-48%||-39%|
|MEI Pharma||San Diego||SD||6.30||21.00||173.40||-70%||-88%||-96%|
|Bofl Holding||San Diego||SD||97.27||4.51||7.15||2057%||-37%||1260%|
|Encore Capital Group||San Diego||SD||43.66||3.10||9.68||1308%||-68%||351%|
|BioMed Realty Trust||San Diego||SD||23.24||6.98||23.17||233%||-70%||0%|
|Retail Opportunity Investments||San Diego||SD||18.55||9.50||9.17||95%||4%||102%|
|PICO Holdings||La Jolla||SD||16.01||20.35||33.62||-21%||-39%||-52%|
|Jack in the Box||San Diego||SD||97.07||17.38||25.77||459%||-33%||277%|
|Kratos Defense & Security Solutions||San Diego||SD||5.82||6.50||23.50||-10%||-72%||-75%|
|WD-40 Company||San Diego||SD||86.50||22.82||37.97||279%||-40%||128%|
|Average % Change all 43 San Diego Area Companies||452%||-47%||138%|