Salient to Investors: The majority of companies surpassed their previous highs by April 2011. 59 percent of S&P 500 stocks have exceeded their previous records set before the Index peaked in 2007. Unlike past bull markets, where a single industry dominated, all groups have improved in this rally. None of the
READ MORE... →Salient to Investors: Eric Thorne at Bryn Mawr Trust said we have not seen any major resolution to Europe, yet stocks ignore what’s going on there and reach all-time highs anyway. LEELAMARCUM.COM/IMAGES/ Witold Bahrke at PFA Pension A/S said Europe is in desperate need for growth, but today’s bad PMI is signaling a
READ MORE... →Salient to Investors: David Leonhardt at The New York Times said: Fed will continue QE until unemployment falls to 6.5%. Democrats may want Bernanke replaced since a Republican has been Fed Chairman for over 20 years. Obama likes Bernanke and both have underestimated the length and depth of this weak economy.
READ MORE... →Salient to Investors: Warren Buffett said: Investors should bet on the natural juices of capitalism in the US and not focus too much on what the government’s done – opportunities abound. The US economy is recovering because of the natural juices of capitalism and not because of government – a wonderful system
READ MORE... →Salient to Investors: The average strategists expects the S&P 500 to end 2013 at 1,571. Sean Darby at Jefferies sees 1673 at year end. Credit Suisse, Deutsche Bank, Goldman Sachs, and Morgan Stanley raised year-end estimates this week. Adam Parker at Morgan Stanley says it is hard to see what causes a major market correction
READ MORE... →Salient to Investors: Harry Dent and Rodney Johnson write: We are entering the last stage of the 80-year New Economy Cycle Commodities topped in 1920, 1951 and 1980. The spending cycle is 39 years and the commodities cycle is 30 years. Gold will fall to $750 The US economy will
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs says: China equities are very cheap and are the best place to be in 2013. Don’t expect draconian tightening in China as inflation last year was way below their target and the government has been careful not to stimulate economy too much and are doing a good
READ MORE... →Salient to Investors: International purchases of US stocks, bonds and other financial assets slowed for the first time in four months in January. Thomas Simons at Jefferies said the stock market trend and better global financial market conditions supports more outflows from Treasuries by private investors. Read the full article
READ MORE... →Salient to Investors: Wayne Lin at Legg Mason said equities are fairly valued but we have had a very strong run and the question is what is going on more fundamentally. Jim O’Neill at Goldman Sachs expects the S&P 500 to rise to 1575 in 2013 but said US economic growth will have
READ MORE... →Salient to Investors: Senator John McCain said JPMorgan’s chief investment office increased risk by mislabeling the synthetic portfolio as a risk-reducing hedge when it was really involved in proprietary trading. Subcommittee Chairman Carl Levin said they found a trading operation that piled on risk, ignored limits on risk taking, hid
READ MORE... →