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 16, 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.
Maryland Companies stock market prices have been on fire in the past 4 1/2 months. They experienced average stock market price growth of 566% for the 6 years since March 6, 2009 through the most recent date March 16, 2015. This average growth since March 6, 2009 was a much lower 537% only 4 1/2 months ago.
Below here are the 45 Maryland Headquartered Companies with Stock Market Caps now above $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 16, 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 | |||
| Maryland Company | HQs | 3-16-15 | 3-6-09 | 12-31-07 | 3-16-15 | 3-6-09 | 3-16-15 | |
| $s | $s | $s | ||||||
| American Capital | Bethesda | MD | 14.96 | 0.44 | 24.66 | 3318% | -98% | -39% |
| Sinclair Broadcast Group | Hunt Valley | MD | 28.50 | 1.13 | 8.21 | 2422% | -86% | 247% |
| Under Armour | Baltimore | MD | 77.29 | 3.08 | 10.92 | 2407% | -72% | 608% |
| WR Grace | Columbia | MD | 96.07 | 4.18 | 26.18 | 2198% | -84% | 267% |
| Novavax | Rockville | MD | 9.41 | 0.56 | 3.33 | 1580% | -83% | 183% |
| CapitalSource | Chevy Chase | MD | 15.50 | 1.01 | 17.59 | 1435% | -94% | -12% |
| GP Strategies | Elkridge | MD | 35.89 | 2.74 | 10.65 | 1210% | -74% | 237% |
| LaSalle Hotel Properties | Bethesda | MD | 39.48 | 3.91 | 31.90 | 910% | -88% | 24% |
| Colfax | Fulton | MD | 48.66 | 6.01 | 21.00 | 710% | -71% | 132% |
| Eagle Bancorp | Bethesda | MD | 37.63 | 4.91 | 10.00 | 667% | -51% | 276% |
| Marriott Intl | Bethesda | MD | 83.49 | 11.90 | 32.21 | 601% | -63% | 159% |
| Medifast | Owing Mills | MD | 30.07 | 4.52 | 4.85 | 565% | -7% | 520% |
| Chindex Intl | Bethesda | MD | 23.99 | 3.64 | 23.02 | 559% | -84% | 4% |
| Radio One Inc | Silver Spring | MD | 2.66 | 0.41 | 2.37 | 549% | -83% | 12% |
| Host Hotels & Resorts | Bethesda | MD | 21.03 | 3.54 | 17.04 | 494% | -79% | 23% |
| TESSCO Technologies | Hunt Valley | MD | 22.92 | 4.03 | 12.05 | 468% | -67% | 90% |
| United Therapeutics | Silver Spring | MD | 176.48 | 31.48 | 48.83 | 461% | -36% | 261% |
| Legg Mason | Baltimore | MD | 57.47 | 11.14 | 73.15 | 416% | -85% | -21% |
| Diamondrock Hospitality | Bethesda | MD | 14.44 | 3.00 | 14.98 | 381% | -80% | -4% |
| Jos A Bank Clothiers | Hampstead | MD | 64.98 | 13.51 | 18.97 | 381% | -29% | 243% |
| MICROS Systems | Columbia | MD | 67.99 | 15.03 | 35.08 | 352% | -57% | 94% |
| Discovery Communications | Silver Spring | MD | 32.61 | 7.72 | 12.84 | 322% | -40% | 154% |
| Sucampo Pharmaceuticals | Bethesda | MD | 17.89 | 4.38 | 18.34 | 308% | -76% | -2% |
| T Rowe Price Group | Baltimore | MD | 83.53 | 21.07 | 60.88 | 296% | -65% | 37% |
| Sandy Spring Bancorp | Olney | MD | 26.10 | 7.16 | 27.82 | 265% | -74% | -6% |
| Federal Realty Investment Trust | Rockville | MD | 143.52 | 39.90 | 82.15 | 260% | -51% | 75% |
| Ciena Corp | Hanover | MD | 21.40 | 6.11 | 34.11 | 250% | -82% | -37% |
| Lockheed Martin | Bethesda | MD | 202.11 | 58.85 | 105.26 | 243% | -44% | 92% |
| Old Line Bancshares | Bowie | MD | 15.67 | 4.60 | 8.05 | 241% | -43% | 95% |
| Omega Healthcare Investors | Hunt Valley | MD | 39.42 | 11.89 | 16.05 | 232% | -26% | 146% |
| Argan | Rockville | MD | 33.39 | 12.01 | 13.35 | 178% | -10% | 150% |
| Neuralstem | Rockville | MD | 2.37 | 0.86 | 3.73 | 176% | -77% | -36% |
| Saul Centers | Bethesda | MD | 56.16 | 20.44 | 53.43 | 175% | -62% | 5% |
| Choice Hotels Intl | Rockville | MD | 63.93 | 23.49 | 33.20 | 172% | -29% | 93% |
| McCormick & Co | Sparks | MD | 72.62 | 30.32 | 37.91 | 140% | -20% | 92% |
| First Potomac Realty Trust | Bethesda | MD | 11.73 | 6.46 | 17.29 | 82% | -63% | -32% |
| Emergent BioSolutions | Rockville | MD | 29.65 | 19.91 | 5.06 | 49% | 293% | 486% |
| Rexahn Pharmaceuticals | Rockville | MD | 0.72 | 0.51 | 2.25 | 41% | -77% | -68% |
| Vocus | Beltsville | MD | 17.98 | 13.17 | 34.53 | 37% | -62% | -48% |
| Corporate Office Properties Trust | Columbia | MD | 29.34 | 21.72 | 31.50 | 35% | -31% | -7% |
| Synutra Intl | Rockville | MD | 5.55 | 5.32 | 30.20 | 4% | -82% | -82% |
| Osiris Therapeutics | Columbia | MD | 17.48 | 18.01 | 12.02 | -3% | 50% | 45% |
| Shore Bancshares | Easton | MD | 9.09 | 11.86 | 21.95 | -23% | -46% | -59% |
| PharmAthene | Annapolis | MD | 1.63 | 2.21 | 3.95 | -26% | -44% | -59% |
| TeleCommunication Systems | Annapolis | MD | 3.39 | 8.04 | 3.56 | -58% | 126% | -5% |
| Average % Change all 45 Maryland | 566% | -47% | 96% |
