Salient to Investors: Harry Fotopoulos writes: Market is in a bullish uptrend, led on increasing volume by economically sensitive sectors, small caps, and emerging markets. The market has confirmed a breakout, and not yet dramatically overbought. Expect a minor correction at any time. Look for gold to make another run
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Armin Zinser of Societe de Gestion Prevoir remains bullish for 2013 even if the euro-economy continues to contract. Zinser likes companies that make products that we will always need, and prefers luxury-goods companies as in times of crisis, luxury does well. Zinser avoids companies partly owned by the
READ MORE... →Salient to Investors: Sy Harding says we are in the 8th inning of economic recovery. The economy and stock market face one more setback, created by the belt-tightening austerity measures necessary to bring down the record government debt level. The next set-back won’t be as severe, in part due to
READ MORE... →Salient to Investors: Nicholas Pardini at Nomadic Capital Partners writes: US and European stocks are no longer the safest bets. Investors should expect subpar real returns from the US economy and positive long run returns from emerging markets. The biggest economic trend of the 21st century is the global convergence of
READ MORE... →Salient to Investors: Laurence Fink at BlackRock said investors will continue to put money into passive stock products rather than active funds as they get back into equities. Fink expects the economy to pick up in half2 2013. US stock mutual funds attracted $14.8 billion in new money last week, the most
READ MORE... →Salient to Investors: Mike Ryan at UBS Wealth Mgmt Americas said 76% of 2,056 wealthy investors surveyed are very worried about Washington, 33% are worried by volatility, Europe, and financial markets, and 36% have faith the government will accomplish more in 2013. Ryan said the investors were neither euphoric nor despondent – 56%
READ MORE... →Salient to Investors: Jack Ablin at BMO Private Bank said the economic head start helps build a nice story for 2013. 71 percent of the 52 S&P 500 companies so far reported have beat analysts forecasts. Laszlo Birinyi said he purchased options to bet the S&P 500 will rise more than 8 percent by the
READ MORE... →Salient to Investors: Hedge Fund Research said $3.8 billion went into activist funds in 2012 versus $1.8 billion in 2010. Factset Research Systems said shareholder activists started 219 campaigns in 2012 versus, up 22 percent from 2011 and the most since 2008. Patrick Ramsey at Bank of America said we have seen a
READ MORE... →Salient to Investors: Legg Mason is folding Bill Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled and as it tries to reverse five years of client redemptions. Assets at Legg Mason Capital Management have fallen to $7 billion from a peak of $70 billion
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