Salient to Investors: Bloomberg and Birinyi Associates data show stock buybacks have increased each of the last 4 years and were 6.4 percent of daily trading in the Russell 3000 Index by value through September, exceeding 2007’s level of 4.1 percent and reflect a seven-year decline in equity volume. Birinyi
READ MORE... →Salient to Investors: Richard Koo at Nomura Research Institute said: The Fed should start tapering as soon as possible to prevent a premature rise in interest rates under tapering. A December tapering would be beneficial for both Bernanke and Yellen. Bernanke began talking about tapering in May because he wanted
READ MORE... →Salient to Investors: Gary Shilling at A. Gary Shilling writes: The Fed usually starts raising the federal funds rate before economic expansions are very old but this time will wait until the wave of de-leveraging, and the related slow growth, has ended. De-leveraging after major financial crises usually takes a
READ MORE... →Salient to Investors: Thomas Stolper at Goldman Sachs said: The US dollar will weaken through 2014 to $1.40 per euro for the first time since October 2011 and there will be only marginal support from interest rates.” Fed tapering is already priced in and will be offset by the Fed
READ MORE... →Salient to Investors: Jim Rogers said that when the Fed eventually says it is going to taper, the markets will drop substantially. And that will scare the bureaucrats who will start printing again until finally the market says it won’t take the garbage paper anymore, and then the market is
READ MORE... →Salient to Investors: Brad Kinkelaar at Pimco said: The underperformance of many high-dividend stocks in the past 8 months shows a sentiment shift already is under way. If rates continue to rise through 2014, albeit gradually, telecom, utility and REITs should continue to underperform the market. Look for stocks with
READ MORE... →Salient to Investors: Nicola Marinelli at Glendevon King said there is nothing new scaring the market, but most people have been long after the summer and that has paid well and having had a very good year they do not want to risk that performance in the last few weeks
READ MORE... →Salient to Investors: Lewis Braham writes: Contrarian funds can be a hedge of sorts, though a potentially volatile one as out-of-favor sectors tend to be cyclical and prone to booms and busts. Shorting is inherently dangerous as markets have been trending higher. Brian Singer at William Blair Macro Allocation Fund
READ MORE... →Salient to Investors: Gary Shilling writes: In May, when the Fed first started talking about tapering, 10-yr yields jumped to 2.72 percent in early July from 1.64 percent on May 1 and 30-yr yields to 3.68 percent from 2.83 percent. Most investors hate Treasuries because they believe that serious inflation
READ MORE... →Salient to Investors: Jim Rogers said the Fed will make our problems worse in the end, so we would be better off without a central bank even with the problems of no central bank. Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/the-us-would-be-better-off-without.html Click here to receive free and immediate email alerts of the latest
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