Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said the economy is growing moderately, and the disappointing pace of consumer spending is less worrisome as other sectors of the economy are doing better, like housing. The median economist expects consumer spending to be at a 1.9 percent pace in Q3, and GDP to
READ MORE... →Salient to Investors: Two-thirds of investors surveyed by Bloomberg described the global economy as either stable or improving. the most since May 2011. The investors said the US offered the best opportunity over the next year for the eighth straight quarter. Goldman Sachs recommended buying Indian stocks. Read the full article at http://www.bloomberg.com/news/2012-11-29/asian-stocks-gain-with-oil-on-u-s-budget-optimism-gold-rallies.html
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said people are buying Japanese shares because prices are too low, even with the economy in a rut. Kathy Matsui at Goldman Sachs predicts the Topix will reach 930 within a year and profits will rise 20 percent in the fiscal year starting in April. Matsuis expects the LDP,
READ MORE... →Salient to Investors: Goldman Sachs turned down roles in offerings by banks in Spain and Italy in 2012, the only top US securities firm to avoid the fundraisings by southern European lenders. Last month, Gary Cohn at Goldman saw only a small probability that the euro area will stick together, and Goldman equity strategists warned investors
READ MORE... →Salient to Investors: Owi Ruivivar at Goldman Sachs Asset Mgmt said: If surging demand continues for Asian bonds and distorts prices for a long period of time, the likelihood of asset bubbles increases because prices do not fully reflect economic fundamentals. Supply and demand have become the dominant drivers of bond valuations rather
READ MORE... →Salient to Investors: European companies most dependent on revenue from Spain, Italy, Greece and Portugal are rising in the stock market at the fastest pace in five years, providing chances for short sellers after two earlier rallies fizzled. Bears cite Spanish unemployment surging to a record, austerity measures pushing Italy into
READ MORE... →Salient to Investors: CTFC said hedge funds et al cut combined net-long positions across 18 U.S. futures and options by the most since June 5 and for the fifth week, the longest slump since April. Gold wagers fell to the lowest since August. Adam De Chiara at CoreCommodity Mgmt said the tailwind
READ MORE... →Salient to Investors: Author Jeff Matthews said Buffett is elephant hunting when there aren’t a lot of elephants. Bloomberg survey shows the average estimate of Wall Street brokerages is for the S&P 500 to end 2012 little changed from its close on Nov. 2. David Kostin at Goldman Sachs said stocks may end 2012 lower
READ MORE... →Salient to Investors: Anna Stupnytska at Goldman Sachs Asset Mgmt said: The growth market and the emerging market should be the main focus. Emerging markets are undervalued because investors are focused too much on the developed world. Investors are undervaluing the BRIC story which is still valid long-term. grow center The rise of the
READ MORE... →Salient to Investors: South Korean growth in 2012 will beat Asia’s other wealthy nations. The IMF forecasts South Korea’s economy will grow 2.7 percent in 2012 versus 2.2 percent in Japan, 1.8 percent in Hong Kong and 2.1 percent in Singapore. Samsung, whose annual sales are equivalent to 13 percent of GDP, makes almost a quarter
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