Salient to Investors: Randy Bateman at Huntington Asset Mgmt said everybody is in a wait-and-see mode. The IMF said global growth will rise 3.3 percent in 2012, the slowest since 2009, and 3.6 percent in 2013, sees alarmingly high risks of a steeper slowdown, with a 1-in-6 chance of below 2 percent. US stocks
READ MORE... →Salient to Investors: David Gaud at Edmond de Rothschild Asset Mgmt said more and more central banks are easing monetary policy, and since bonds have been mostly held by global investors, it makes sense to start seeing spill-over into the equity side which as an asset class is very cheap on a relative basis – there is
READ MORE... →Salient to Investors: Paul Joseph Garcia at BPI Asset Mgmt said any good news from Europe and China will be a buy signal for investors, and is overall net buying. IMF cut its global growth forecast this year to 3.3 percent, the slowest since the 2009 recession, sees alarmingly high risks of a steeper slowdown,
READ MORE... →Salient to Investors: Thomson Reuters says analysts expecting a 2.3% profit decline in the S&P 500 in Q3 versus 8.4% year-over-year growth in Q2. More than 20% of S&P 500 companies have pre-announced results – of which the vast majority offer negative outlooks. Bank of America Merrill Lynch is cautious on equities near term due to
READ MORE... →Salient to Investors: Markus Huber at ETX Capital said whenever China shares fall, German carmaker shares fall because China is one of the most important markets. The World Bank said growth in developing East Asia, which excludes Japan and India, will fall to 7.2 percent, the slowest pace since 2001, from 8.3 percent in
READ MORE... →Salient to Investors: Bruce McCain at KeyCorp said we’re back to a period where investors become less enthusiastic as they realize the problems of the world have not gone away. Bloomberg poll estimates S&P 500 earnings will fall 1.7 percent in Q3, the first decline since 2009. Gina Martin Adams at Wells Fargo said earnings are weakening fairly quickly –
READ MORE... →Salient to Investors: No U.S. law prevents a convicted felon from managing a hedge fund, as long as that person isn’t required to be registered under the Investment Advisers Act. Wall Street crooks either get rich by cheating their clients or by cheat for their clients. The stock market is soaring
READ MORE... →Salient to Investors: Hedge funds are turning away from a rally in the global stock market for the first time this year. The ratio of bullish to bearish bets is below historical averages. Bulls say gains will rise as managers who have trailed benchmark indexes most of the year buy. Bears
READ MORE... →Salient to Investors: Laurence D. Fink at BlackRock says: Investors should get out of cash and low-yielding bonds and buy high-quality stocks, ETFs and higher-income products. The economy is a year away from being more robust. The US banking system is far better than others, while housing crisis is 90 percent behind us. Chris Leavy at BlackRock said equities
READ MORE... →Salient to Investors: Peter Hooper at Deutsche Bank said it’s clear the stock market is the most important transmission mechanism of monetary policy – the stock market will have to carry the load. Hooper says the Fed will stick with the bond-buying strategy through next year, and end up buying $800 billion of Treasuries
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