Salient to Investors: Nouriel Roubini writes: Gold remains Keynes’s ‘barbarous relic,’ with no intrinsic value and used mainly as a hedge against mostly irrational fear and panic. Read the full article at http://drnourielroubini.blogspot.com/2013/07/huge-gap-between-sentiment-on-wall.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: George Kesarios at capital.gr writes: Stocks will repeat 1999 and rise to one big bubble as a result of the fixed income exodus, and even if the US economy does not perform, unemployment remains at 7%, and corporate profits stall. Equities might feel the pinch when yields stabilize or yields
READ MORE... →Salient to Investors: Tom Feeney at Mission Management & Trust Company writes: Global equity markets are responding first and foremost to central bank intervention, not traditional investment fundamentals. Clearly central bank stimulus has not worked so far – even a minority on the Fed argue it does not work –
READ MORE... →Salient to Investors: David Moenning at Heritage Capital Mgmt writes: Stocks are at all-time highs, and when stocks break to new all-time highs, it generally pays to buy the dips, not call a top. Why this market is rising is unknowable, so to catch the big moves early a trend-following
READ MORE... →Salient to Investors: Matthew Smith at theinvestar.com writes: We have shifted toward an investor’s market rather than a stock picker’s market. The rise in the 10-year T-yield is not a concern since we are still very near all-time low rates, and 30 to 50-year interest rates do not mirror the recent
READ MORE... →Salient to Investors: Jeffrey Fischer writes: Bernanke has been strategically testing the markets to gauge investors’ reactions to tapering – not the first time the Fed has given investors lip-service, and won’t be the last. Economic Indicators have improved. The Fed is not concerned much with a decline in equity
READ MORE... →Salient to Investors: Sy Harding at Asset Mgmt Research Corporation writes: The four-year presidential cycle is a potential bad omen for the stock market in 2013 or 2014 or both – there is usually a market correction in the first 2 years of each presidential term, followed by recovery and
READ MORE... →Salient to Investors: Patrick J. O’Hare at Briefing.com writes: The stock market still has faith in the Fed as shown by the rebound in the face of higher interest rates, implying that the Fed will continue to help boost economic growth. The market’s obsession with monetary policy will continue. Expect Q2 GDP
READ MORE... →Salient to Investors: Matthew C. Klein writes: Hedge Fund Research says the S&P 500 index with dividends reinvested beat the average hedge fund over the past decade. There are always periods when certain asset classes did better than others. E.g., gold from the middle of 2001 increased by more than 600
READ MORE... →Salient to Investors: Stephen Wood at Russell Investments says earnings will be the story of the week and the story of the month. Charles Plosser at FRB of Philadelphia said the Fed should begin tapering in September, while James Bullard of FRB of St. Louis said it should not cut back until inflation accelerates
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