Salient to Investors: Fareed Zakaria said: Defeating ISIS would require a large and sustained strategic effort from the US but without significant numbers of US ground troops. ISIS videos of executions are designed to sow terror in the minds of opponents who when facing ISIS fighters now reportedly flee rather
READ MORE... →Salient to Investors: The value of equities globally is at a record $66 trillion versus $25 trillion in March 2009 and $63 trillion at the 2007 peak. The US stock rally is approaching the dot-com bubble in terms of speed, but not in valuations – at 16.8x estimated earnings versus 26x at
READ MORE... →Martin van Vliet at ING said geopolitical tensions will become increasingly critical in the coming months, the big drop in China is consistent with a slowdown in growth, and the recovery in the euro area is too slow to turnaround the global market. Christian Schulz at Berenberg Bank said geopolitical uncertainties, especially Ukraine, threaten to undermine the export-led
READ MORE... →Salient to Investors: David Kostin, Kathy Matsui, Peter Oppenheimer et al at Goldman Sachs lowered their rating on stocks to neutral and corporate credit to underweight on belief that global equities and bonds may drop in the next 3 months, and stocks may temporarily fall, as rising inflation boosts government bonds and
READ MORE... →Salient to Investors: Over 33% of a Bloomberg poll of international investors say the euro economy is in its worst shape in more than a year and in danger of dropping into deflation, and the ECB is not doing enough to help. Cyril Blaise at Banco Bilbao Vizcaya Argentaria said
READ MORE... →Salient to Investors: Matt McCormick at Bahl & Gaynor says investors are bracing for more volatility on the basis that the economy and market are not as strong as they thought. Raymond James said equities are vulnerable to losses. Citigroup is concerned about a severe pullback. Christine Lagarde at IMF
READ MORE... →Salient to Investors: Neil Woodford at Woodford Investment Mgmt is cautious on the global economy and is buying sectors resilient to economic downturns like drugmakers and cigarette makers. Read the full article at http://www.bloomberg.com/news/2014-07-06/woodford-s-cautious-stance-see-glaxo-bat-top-10-holdings.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jeremy Grantham at GMO said: The slow recovery is due to the Fed’s actions. In the 1980s the US had an aggregate debt level of 1.3 times GDP versus 3.3 times debt now and yet GDP has been slowed – showing that more debt or QE does
READ MORE... →Salient to Investors: Strategas Research Partners said stocks are cheap. Of the respective 15-year average, their value in P/E ratio terms is 95%, in enterprise value to cash flow is 85%, in oil terms is 65%, and in gold terms is 58%. Jason Trennert at Strategas said a number of their
READ MORE... →Salient to Investors: Catherine Yeung at Fidelity Investment Mgmt is advising calm, adding that profits are rising and shares just got a lot less expensive as being a contrarian and buying when things seem bad is often a good thing. Goldman Sachs to AMP Capital Investors and JPMorgan Chase are
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