Salient to Investors:
Alan Greenspan said that if we get out of the fiscal cliff with a moderate recession, the price is very cheap.
The CBOE OEX Volatility Index has risen 56 percent since its low on Sept. 21, the highest level since August 2011 relative to the CBOE Volatility Index of S&P 500 contracts.
Profits for the biggest U.S. companies are forecast to slow more than smaller ones amid Europe’s debt crisis and China’s weakest economic expansion in 14 quarters.
Chad Morganlander at Stifel Nicolaus says there’s deafening silence among optimists regarding revenue growth for blue-chip companies, and the disconcerting global macro situation is forcing market speculators into hedging their portfolios.
International purchases of US financial assets plunged in September as confidence grew that Europe was beginning to solve its debt crisis.
Millan Mulraine at TD Securities said the slowdown of capital inflows was due in part to the improvement in global sentiment toward the European financial crisis.
Read the full article at http://www.bloomberg.com/news/2012-11-16/u-s-stock-futures-retreat-as-obama-holds-budget-talks.html