Salient to Investors: Nader Naeimi at AMP Capital Investors said China is heading toward slower growth than in the past decade, which means less demand for commodities, and has reduced equity exposure in the short-term. Naeimi says the market needs to correct at least 10 percent. The MSCI Asia Pacific Index is at
READ MORE... →Salient to Investors: A confluence of economic forces is likely to continue to produce good times for the biggest American companies — and the stock market — even if growth, as expected, slows in the coming months. Investors are focusing on prospects for healthier growth late in 2013 and into
READ MORE... →Salient to Investors: Seth Masters at Bernstein Global Wealth Mgmt says: Bubbles today are driven by fear and investors’ desire for safety versus greed and recklessness in the past. Supposed safe havens of gold, bonds and dividend-paying stocks are dangerously overpriced. Over the past 5 years more than a trillion
READ MORE... →Salient to Investors: Jaimini Desai writes: After inflation, the market is well below all time highs. The S&P500, Dow Industrials and Nasdaq 100 remain resilient, but many of their high beta counterparts have begun to falter, though not a reason to fight the trend. Small caps are the most leveraged
READ MORE... →Salient to Investors: Russ Koesterich of BlackRock sees an increased risk of a correction and the best performing sector the defensives are very expensive – this is a very different rally than what people are used to. Koesterich sold smaller companies on concern the US economy is not expanding fast enough. Valentijn Van Nieuwenhuijzen at
READ MORE... →Salient to Investors: Omar Aguilar at Charles Schwab Investment Mgmt said earnings clearly will drive a lot of volatility in the next two weeks as the consensus is for a pretty diverse and poor earnings season, but we’ll see many positive surprises. Analysts project S&P 500 profits fell 1.8 percent
READ MORE... →Salient to Investors: Peter Hayes at BlackRock said: Rising demand for munis is an opportunity to scale back on lower-rated municipal debt as a strengthening economy raises the prospect that interest rates will rise in 2013. When interest rates rise, investors will move back to higher-rated securities and away from speculative-grade munis. Buy munis
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the payrolls report is a huge disappointment and will spook the market. Eric Zoldan at JHS Capital Advisors said we are in a very difficult economic environment and expects a lot of pressure on the market. Zoldan said most importantly the
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The most renowned investors from Buffett to Fuss to Soros may owe their reputations to the most attractive era for money management as expanding credit fueled gains in asset prices across markets. Maybe the era made the man, not the man who made the era – the real test of
READ MORE... →Salient to Investors: The spread between analyst forecasts and S&P 500 stock prices is 5 percent, the smallest margin ever and less than half what it was when the index last peaked in October 2007, and versus the historical average of 14 percent. Bulls say the narrow margin shows securities firms are surprised by
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