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
READ MORE... →Salient to Investors: Angus Gluskie at White Funds Mgmt said people are alert to some of the risks in China and some emerging economies, but very few people are concluding that it is going to run away too far. 51 percent of the 195 MSCI Asia Pacific Index companies reporting
READ MORE... →Salient to Investors: Jason Brady at Thornburg Investment Mgmt recently bought Treasuries as yields approached a 2-yr high of 3 percent. Brady said every single strategist decided towards the end of 2013 that stocks were the best thing in the world and bonds were the worst thing in the world
READ MORE... →Salient to Investors: Investors are abandoning emerging economies, good and bad, for the US. Morgan Stanley said Brazil, Indonesia, India, South Africa and Turkey are the Fragile Five – all with large deficits, slowing growth and vulnerable currencies. Argentina is generally credited with starting the general panic after playing fast and
READ MORE... →Salient to Investors: Paul Krugman said weak emerging markets are the downside of the mad rush by investors for return in an economic environment that was very poor due to weak economic performance in developed markets. When the amount people want to save exceeds the volume of investments worth making
READ MORE... →Salient to Investors: The $50 billion Sochi Olympics is the largest construction project in Russia’s post-Soviet history and a microcosm of Russian corruption, inefficiencies, excesses of wealth and disregard for ordinary citizens. One member of the IOC thinks about a third of the $50 billion has been stolen. Russia is almost
READ MORE... →Salient to Investors: Pew Research Center said: The world population over 65 years old will triple by 2050, drastically altering some countries’ demographic make-up as more elderly people depend on working-age men and women. 87% of Japanese believe its ageing population poses a problem, but only 26% of Americans agree. Most
READ MORE... →Salient to Investors: Jim Rogers said: Prefers the Japanese market, down 60 or 70 percent from all time highs. to the US which is at all time highs. Abe has no constraints, can spend and print as much as he wants. Like Russia’s very depressed stock market. Russia is hated more
READ MORE... →Salient to Investors: David Kelly at JPMorgan Funds said the Fed looks justified in continuing to taper given economic momentum and recent sharp declines in the unemployment rate. Kelly said assuming the volatility in emerging markets subsides, this economic report should bolster the case for both higher interest rates and
READ MORE... →Salient to Investors: Jeremy Siegel at Wharton said: No bull market rises in a straight line so this is a correction only and typical of a market climbing a wall of worry. Dow headed to 18000 by year-end. Fair market value is $18000 as the S&P 500 has sold for an
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