Salient to Investors: Andrea Guzzi at IST Investmentstiftung fuer Personalvorsorge said the global economy is recovering and healing, thanks to the US and the emerging markets – more people are becoming wealthy, less and less are poor. Guzzi said many countries have oversized banking sectors. Gala Prada at Fiatc Mutua de Seguros y Reaseguros expects
READ MORE... →Salient to Investors: Two-thirds of investors surveyed by Bloomberg described the global economy as either stable or improving. the most since May 2011. The investors said the US offered the best opportunity over the next year for the eighth straight quarter. Goldman Sachs recommended buying Indian stocks. Read the full article at http://www.bloomberg.com/news/2012-11-29/asian-stocks-gain-with-oil-on-u-s-budget-optimism-gold-rallies.html
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said people are buying Japanese shares because prices are too low, even with the economy in a rut. Kathy Matsui at Goldman Sachs predicts the Topix will reach 930 within a year and profits will rise 20 percent in the fiscal year starting in April. Matsuis expects the LDP,
READ MORE... →Salient to Investors: In a Bloomberg global poll of investors: 75% expect a short-term agreement to avert the fiscal cliff, 6% expect to go over the cliff and into a recession. 40% expect financial markets to rise after a short-term tax-and-spending deal, 28% see no significant market reaction, 26% say markets would fall. 7% see no sweeping accord, 50%
READ MORE... →Salient to Investors: Wang Zheng at Jingxi Investment Mgmt said investors have no confidence in long-term growth prospects and the government is doing little to reverse the situation. The Shanghai Composite trades at 9.5 times estimated earnings for 2012, versus the 17.7 average multiple since 2006. Chongkyu Juhn at Samsung Securities said China’s stocks
READ MORE... →Salient to Investors: The Stoxx Europe 600 Index is at 11 times estimated earnings versus 13 before the financial crisis. The average strategist expects earnings to rise almost 5 percent in 2013 and the Index to gain 10 percent to the highest level since 2008. The Index is 32 percent below its June
READ MORE... →Salient to Investors: Peter Sorrentino at Huntington Asset Advisors says the EU bailouts and US fiscal policy is enough reason to take risk off the table. Adam Parker at Morgan Stanley predicts the S&P 500 at 1,434 at yr-end 2013, saying the acuteness of issues such as the US deficit and debt levels, European crisis, and
READ MORE... →Salient to Investors: Khalil el-Anani at Durham University said the Mursi decrees were a big blow to the revolution, the transitional period and democracy and could have dire consequences on the political scene. Religare Capital Markets said the political instability will probably be resolved soon. The EGX 30 Index trades at 1.25 times book
READ MORE... →Salient to Investors: The S&P 500 gain for 2012 is at 12 percent. The S&P 500 has gained an average 0.6 percent during the week of Thanksgiving since World War II versus a 0.15 percent average gain in all calendar weeks. Brian Jacobsen at Wells Fargo Advantage Funds sees little downside even if we go
READ MORE... →Salient to Investors: WWW.COASTWIDEDRIVING.COM.AU/WP-CONTENT/UPLOADS/2013/05/13/ James Hunt at Tocqueville’s International Value Fund is bullish on Japan despite its poor demographics, huge public debt and weak growth prospects. Hunt says everyone thinks Japan is sinking into obscurity but he sees excellent global franchise businesses at attractive valuations. Hunt says it has been a
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