U.S. Stocks Fall Amid Concern Over Stimulus Efforts – Bloomberg 09-25-12

Salient to Investors: Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth. FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility. The Dow is 5.3 percent from its

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Consumer Optimism Climbing With Stocks Boosts Obama – Bloomberg 09-25-12

Salient to Investors: Bloomberg Consumer Comfort Index at a four-month high in September, Thomson Reuters/University of Michigan preliminary sentiment index at second highest level in five years – due in part to rising stocks and property values.  The Conference Board’s index decreased in August from in July, the biggest drop in 10 months. Andrew

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Bridgewater’s Dalio: Euro Will Survive Region’s Crisis – Bloomberg 09-21-12

Salient to Investors: Ray Dalio of  Bridgewater Associates said: The euro will survive because austerity measures deterring growth will be balanced by ECB intervention, says southern Europe will suffer a managed depression lasting as long as 15 years. Countries in northern Europe are more likely to leave the euro currency bloc than indebted countries in the

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Treasuries Recoup Most QE3 Losses Amid Growth Skepticism – Bloomberg 09-21-12

Salient to Investors: Jason Rogan at Guggenheim Partners said the economy is not double-dipping into another recession,but growth is not robust.  Thomas Roth at Mitsubishi UFJ Securities USA said low volatility is not going to go away. Hedge-fund managers et al reversed to a net-short position in the week ended Sept. 18. David Coard at Williams Capital

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Fed’s Fisher Says U.S. Inflation Expectations Rising – Bloomberg 09-20-12

Salient to Investors: FRB Dallas President Richard Fisher said: QE3 won’t work due to Congress inaction and excessive government regulation, which are holding back hiring and investment Residential real estate is a recent bright spot QE3 risks higher inflation – if you allow higher prices, how credible are you in clawing them back? Read the full article

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Texas Outperforms AAA States With U.S. Defense Cuts: Muni Credit – Bloomberg 09-20-12

Salient to Investors: Texas bonds this year have outperformed other top-rated states. John Bonnell at USAA Investments said the nation’s second-biggest economy shields Texas from cutbacks and lures bond investors, with demand for almost everything in Texas. Robert Dye at Comerica said: The population of Texas, the second-most-populous state, is younger than the U.S. average

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Chanos Sees No Shortage of Overpriced Stocks in U.S. Bull Market – Bloomberg 09-19-12

Salient to Investors: Jim Chanos at Kynikos Associates says: He expects declines in companies that may be inexpensive compared with earnings, like in natural gas, which have enormous cash needs, and iron-ore producers, where industry capacity will expand globally even as demand stalls because of China’s slowdown A number of high-profile natural gas companies may be in financial

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