Salient to Investors:
Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth.
FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility.
The Dow is 5.3 percent from its record high, S&P 500 is 8.6 percent from its record high.
Burt White at LPL Financial said economic numbers are decent, with housing healing a real boost to confidence.
Jim Chanos at Kynikos Associates said Apple stock is too high, prefers Microsoft as a hedge against shorting Hewlett-Packard .
Tanya Jakusconek at Scotia Capital on September 20 said gold-mining stocks should start to outperform bullion as capital-spending cutbacks lead to greater cash flow for many producers.