Salient to Investors: Cash and marketable securities are at a record $1.73 trillion, while capital spending in the most recent quarter rose by the least since March 2010. Nick Raich at Earnings Scout said public outcry will erupt if companies do not spend and create jobs. Economists and money managers
READ MORE... →Salient to Investors: William D. Cohan writes: The CFTC voted May 16 for a watered-down compromise over requiring opaque and hard-to-value swaps and derivatives to be traded on an exchange, allowing dealers – essentially the big Wall Street banks – to continue to set the prices for these financial instruments using their black
READ MORE... →Salient to Investors: The Market Flash writes: The Quantity Theory of Money is under fire in academia because changes in technology and innovations by financial institutions have rendered the theory a less than complete view of the world – with important implications for investors from a macro point of view.
READ MORE... →Salient to Investors: Margie Patel at Wells Capital Mgmt says the market will rise over the balance of the year because the fundamentals are so good – any correction will be mild and either now or in the summer. Charles Evans at FRB of Chicago sees self-sustaining growth at escape
READ MORE... →Salient to Investors: David Hussey at Manulife Asset Mgmt is bullish on equities in the short to medium term, saying the obsession with all-time highs is a red herring because the wall of money out there is going to buy on the dips. Read the full article at http://www.bloomberg.com/news/2013-05-16/european-stock-index-futures-open-little-changed.html Click here
READ MORE... →Salient to Investors: Inflows into Indian stocks in 2013 topped a net $13.1 billion, the second-largest among 10 Asian markets tracked by Bloomberg, behind Japan. Debasish Mallick at IDBI Asset Mgmt said the easy money policy of global central banks will support flows into India. The Sensex is at 14 times projected
READ MORE... →Salient to Investors: John Paulson lowered stakes in gold miners in Q1 and added shares of companies that stand to benefit from a stronger economy. Paulson has done well investing in companies undergoing mergers or restructurings, but his big bets in the past 2 years on macroeconomic developments have undermined that
READ MORE... →Salient to Investors: Never put too much of your portfolio in a few investments, or in one country or industry. The employee with a significant chunk of his 401(k) in his employer’s stock, or gets his contribution matched in company stock, risks both job and retirement plans if a setback for
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
READ MORE... →Salient to Investors: International net selling of long-term US equities, notes and bonds in March was the largest since May 2009 and shows investors were willing to seek higher-yielding assets amid signs of a stronger US economy. Gennadiy Goldberg at TD Securities said the data does not suggest a pronounced global investor
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