Salient to Investors: The S&P 500 is down 4.1 percent in 2014, its worst start to a year since 2009. Of the S&P 500 companies: Almost 160 were below their 200-day moving average last week, more than any time in 2013 86 stocks set 1-yr highs when the index hit
READ MORE... →Salient to Investors: Larry Fink at BlackRock says investors should be heavily invested in equities due to its fair value at a 15.5 P/E ratio for the S&P 500 and good earnings season. Jeffrey Gundlach at DoubleLine said in mid-April that he expects a catastrophic failure because the developed world
READ MORE... →Salient to Investors: The MSCI Emerging Markets Index is up 22 percent since its October 2011 low versus the 33 percent advance for the MSCI World Index – the first time since 1998 they have underperformed during a global rally. Bulls say emerging markets will lead the next stage of the global rally
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Byron Wien at Blackstone said it looks like the EU will survive at least for a while, and Mario Draghi looks serious about providing liquidity. Read the full article at http://www.bloomberg.com/news/2012-09-07/s-p-500-rallies-to-highest-since-2008-on-stimulus-bets.html
READ MORE... →Salient to Investors: The S&Ps 500 Index is closer to a record than any other major stock market. Laszlo Birinyi expects more gains as bearish investors give up excuses of no volume and the belief that earnings aren’t going to be good, and start buying. Birinyi is surprised by the market’s strength and breadth. Byron Wien at Blackstone said everybody
READ MORE... →Salient to Investors: Bloomberg reports 64 percent of 108 S&P 500 companies had analyst ratings lowered in the past week. Investment Company Institute say American equity mutual funds had $7.2 billion of outflows during the week ended May 23 versus $178 billion of outflows in the previous 12 months. Predictions: Blackstone Group’s Byron Wien says it’s safe to
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