Salient to Investors: David Stockman writes: Laszlo Birinyi says S&P 3200 will be reached by 2017 because there is no reason it cannot keep rising. Since first meeting Birinyi in 1986, I do not ever recall when he was not bullish on equities. His call is wrong because the central bank fed 30-year bull run
READ MORE... →Salient to Investors: Stephen Roach at Yale writes: Market manipulation a la China is now standard operating procedure in policy circles around the world – the West just dresses up their manipulation in different clothes. QE is essentially an aggressive effort to manipulate asset prices: whether it has succeeded is debatable
READ MORE... →Salient to Investors: Michael Snyder writes: Global debt is at record highs, too big to fail banks have never been more reckless, and global financial markets have never been more primed for a collapse. Most people lack the patience to wait for long-term trends to play out so if the stock market is
READ MORE... →Salient to Investors: Harry Dent writes: All the signs point to the end of the global bubble. The greatest trigger will be the bursting of the massive, unprecedented China bubble. China’s stock market loss of 35% in less than 30 days signals its stock bubble has peaked: a drop of 30% to 40%
READ MORE... →Salient to Investors: The value of equities globally is at a record $66 trillion versus $25 trillion in March 2009 and $63 trillion at the 2007 peak. The US stock rally is approaching the dot-com bubble in terms of speed, but not in valuations – at 16.8x estimated earnings versus 26x at
READ MORE... →Salient to Investors: David Kostin, Kathy Matsui, Peter Oppenheimer et al at Goldman Sachs lowered their rating on stocks to neutral and corporate credit to underweight on belief that global equities and bonds may drop in the next 3 months, and stocks may temporarily fall, as rising inflation boosts government bonds and
READ MORE... →Salient to Investors: Russ Koesterich at BlackRock said volatility is very low because monetary conditions are easy but when investors see the US and UK central banks tighten then we will get a long-awaited rise to normal levels, but not to those of 2008 with the VIX at 90. Pimco expects a new
READ MORE... →Salient to Investors: Jim Rogers said: The unknown wild card is what happens when central banks cut back. The Fed will cut back until markets around the world start falling, and get scared when they are down 15 or 20 percent and start printing money again. This will eventually lead
READ MORE... →Salient to Investors: Jim Rogers writes: The heads of most central banks are all rock stars, but only a phenomenon of the last 20 years as they pump money into the markets. One day people will realize that they have led us down a terrible path. The Fed balance sheet
READ MORE... →Salient to Investors: Jim Rogers said a staggering artificial sea of liquidity is going into stock markets including the US, and Japan. Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/liquidity-flowing-into-stock-markets.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →