Stocks Beat Bonds, Commodities by Most Since 2009 on Stimulus – Bloomberg 01-01-13

Salient to Investors: The MSCI All-Country World Index of equities increased 16.9 percent in 2012 including dividends, versus 0.1 percent for the S&P GSCI Total Return Index of 24 commodities, 0.5 percent for the US Dollar Index, and 5.73 percent for the Bank of America Merrill Lynch Global Broad Market Index. James Dunigan at PNC Wealth

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BRIC Dominance Fades as State Meddling Curbs Equity Returns – Bloomberg 12-31-12

Salient to Investors: John-Paul Smith at Deutsche Bank said stocks in the major developing markets will again lag global equities in 2013 – China has focused on increasing the pool of buyers for Chinese assets, rather than boosting the role of free markets and privately run companies in the broader economy. Smith prefers cash to BRIC

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Birinyi Odds Favor S&P 500 Record as Individuals Return – Bloomberg 12-31-12

Salient to Investors: Laszlo Birinyi at Birinyi Associates expects the fourth and final stage of the bull market to take the S&P 500 to a record high in 2013, driven by capitulating bears, individual investors piling in, US housing continuing to expand, and markets rallying in Europe. Birinyi said this 4-year bull market resembles the bull markets in the

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Pimco’s Gross Sees Less Return, Stubborn Unemployment – Bloomberg 12-31-12

Salient to Investors: Bill Gross at Pimco said: Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes Structural headwinds lower real GDP to below 2 percent in the US and other developed nations. Bernanke is not Rumpelstiltskin and can

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Vietnam’s Top Fund Sees Home-Grown Rally in 2013: Southeast Asia – Bloomberg 12-27-12

Salient to Investors: Andy Ho at VinaCapital Investment Mgmt, Vietnam’s biggest fund manager, said the Vietnam stock market will rise steadily in 2013 to reflect an economic expansion of between 5 percent and 6 percent. Ho likes basic sectors that contribute to the growth of the domestic economies, like pharmaceuticals, education and agriculture.

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Reliance Buys Indian Property Stocks as Bajaj Selling Drugmakers – Bloomberg 12-27-12

Salient to Investors: Indian policies to lure foreign investors are driving the nation’s largest money managers to buy automakers, property companies and metal producers that stand to benefit most from a recovery. Overseas investors bought a net $24.2 billion of Indian stocks in 2012, the most among 10 Asian markets excluding

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