Salient to Investors: Larry Trefz writes: The rally will continue until sentiment turns for the worse, then expect a correction of over 10%. Warren Buffett sees says stocks are good value and cheaper than other forms of investment, while the dumbest investment is long-term government bonds. Stan Druckenmiller sees a
READ MORE... →Salient to Investors: Markos Kaminis at Wall Street Greek writes: Unemployment data excludes people who have fallen out of the labor force, and not by choice. The unemployment rate is 11.8%, not the 7.7% rate just reported for February. Underemployment is closer to 18.0% than the government’s U-6 figure of
READ MORE... →Salient to Investors: Larry Milstein at R.W. Pressprich does not know if we ar getting bang for the buck in economic improvement, but says there is clearly improvement, but nothing yet to make the Fed take its foot off the gas. Michael Pond at Barclays said the rise in yields has
READ MORE... →Salient to Investors: Bill Gross at Pimco doubled his forecast for growth in US GDP to 3 percent for 2013 partly because of housing, and a nominal growth rate of 5 percent. Gross said 200,000 jobs is consistent with real GDP growth of 3 percent in 2013 and won’t prompt the Fed
READ MORE... →Salient to Investors: Omer Esiner at Commonwealth Foreign Exchange says a growing list of economic indicators suggest a broad-based recovery, and the market is focusing on the US recovery gaining steam, while other major economies remain in stagnation and contraction. Richard Franulovich at Westpac Banking said risk appetite is firming and we are in a potentially momentous
READ MORE... →Salient to Investors: Copper analysts are the most bullish in 5 weeks on optimism the global economy is strengthening versus hedge funds the most bearish since August. Goldman Sachs recommended buying copper for a 16 percent gain to $9000 in 6 months as China copper imports increase. Barclays says China
READ MORE... →Salient to Investors: Espen Furnes at Storebrand Asset Mgmt said the US payrolls number is significantly better than expected, implying growth is strong, giving good support to rising equity markets and increasing optimism for 2013 and beyond. Read the full article at http://www.bloomberg.com/news/2013-03-08/european-stock-futures-climb-before-u-s-payrolls-report.html Free email alerts of articles as soon as they
READ MORE... →Salient to Investors: Joseph Gagnon at the Peterson Institute for Intl Economics the jobs report was what proponents for QE were almost hoping for and consistent with sticking with QE for the whole year. Roberto Perli at the Intl Strategy & Investment Group said the job market has far to go before achieving the
READ MORE... →Salient to Investors: Cities, counties and hospital districts in Texas raised 10 percent of their issuance using certificates of obligation which don’t need to go before voters, unlike GO bonds. The issuance faces tighter restrictions under bills in Texas, North Carolina and New York that would make it tougher to borrow without
READ MORE... →Salient to Investors: Mark Zandi at Moody’s Analytics said businesses have shrugged off the effect of the tax increases and the spending cuts and are hiring as job growth has improved, stock prices are aT record-high, housing values are surging, and gas prices have started to decline. Gregory Hayes at United
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