Salient to Investors: David Stockman said: QE is brewing asset bubbles around the world, exporting its lunatic policy worldwide Central banks all over the world have been massively expanding their balance sheets, and as a result of that there are bubbles in everything in the world, asset values are exaggerated
READ MORE... →Salient to Investors: Jeremy Grantham at BMO writes: The Greenspan-Bernanke policy of excessive stimulus, now administered by Yellen, will continue, and that the path of least resistance, for the market is up. It would take a severe economic shock to outweigh the effect of the Fed’s relentless pumping of the
READ MORE... →Salient to Investors: ATP, Denmark’s biggest pension fund said: Unprecedented stimulus from the biggest central banks has supported prices in “risky” markets, including equities, so investors need to brace themselves for potential disruptions when normalization of monetary policy comes, as recent investor reaction to the Fed’s warning of tapering showed
READ MORE... →Salient to Investors: Jim Rogers said: I am long oil, gold etc which will go much higher if there is going to be a war – it sounds like they want one. Stocks will go down, some are already falling, commodities will rise. Read the full article at http://blogjimrogers.blogspot.com/2013/09/jim-rogers-owns-oil-gold.html Click here to
READ MORE... →Salient to Investors: EPFR Global data showed global equity funds attracted the largest inflows since at least 2005 last week. Wellian Wiranto at Barclays expects further inflows given that appetite has stabilized quite significantly and tapering was postponed, while it is s hard to see tapering in October. Wiranto said
READ MORE... →Salient to Investors: A Bloomberg poll of investors, analysts and traders showed: 40% see the euro-area economy as improving, more than 4 times the number in May 40% see the world economy as strengthening, the most since January 2011. 52% expect stocks to produce the best return over the next
READ MORE... →Salient to Investors: Credit Suisse cut reduced its allocation to stocks to neutral from overweight. Michael Strobaek at Credit Suisse said the fundamental environment remains attractive, but the markets are overbought, and the positive economic outlook and further supportive monetary policy are largely priced in, limiting upside in the near-term. Strobaek said the
READ MORE... →Salient to Investors: Takahiro Nakano at Mizuho Trust & Banking said Japanese stocks are falling amid risk aversion rather than going up on a weaker yen, and equities will have to rely on the drop in the yen after expectations about Japan’s growth strategy receded. Yutaka Miura at Mizuho Securities said low volume amplifies
READ MORE... →Salient to Investors: Bruce Stout at Aberdeen Asset Mgmt says: Optimism is too high for stocks and bond yields are too low His fund’s fixed-income holdings are at the lowest level in 25 years. The main problem is trying to get yield in a world where there is no yield, but
READ MORE... →Salient to Investors: Craig Erlam at Alpari says if the markets believes Bernanke indication the Fed will scale back in three months then we could see a bigger sell-off, but if they believe this is just a threat with no follow through expected for six months then this is a buying
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