Salient to Investors: Robert Lutts at Cabot Money Mgmt said the economy will be driven by capital being put to work: the glass is definitely more half full than empty. 73 percent of the 254 S&P 500 companies so far reporting have beaten estimates, and 65 percent have beaten sales estimates. Read the
READ MORE... →Salient to Investors: Alan Gayle at RidgeWorth Capital said investors need to see a bad quarter or two for their bond investments before they move back into stocks. Patrick Maldari at Artio Global Mgmt says bonds, particularly corporates, are still attractive as S&P 500 returns will remain lackluster, while economic growth
READ MORE... →Salient to Investors: Art Cashin at UBS said if investors don’t jump in based on the bullish market move, then traders will be looking for any trigger and start to worry about the sequester. Hogan said everybody’s looking for something to cause a pull back. Tom Lee at JP Morgan
READ MORE... →Salient to Investors: Mitch Tuchman at MarketRiders writes: Google Trends shows people are getting interested in stocks again, and the market rally has unleashed media stories about small investors getting back into equities. Stocks were never safe, nor will be. The bond market implies all kinds of risks that most
READ MORE... →Salient to Investors: Paul Zemsky at ING Investment Mgmt sees much momentum for stocks even after such a good start to the year: earnings are strong, world economies are bottoming and valuations are attractive. EPFR Global report $39 billion moved into equity mutual funds in 2013, more than double the comparable period in
READ MORE... →Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: Investor zeal for yield and disregard for risk favors the junkiest of the junk. When the grand disconnect between investor focus on the immense liquidity created by central banks and weak and weakening global economies becomes unsustainable, probably
READ MORE... →Salient to Investors: Bloomberg says two-thirds of company takeovers exceeding $20 billion since 1996 generated losses for the acquirer’s shareholders – the 78 buyers lagged behind the MSCI World Index by a median of 13 percent in the 3 years after completion, falling 21 percent. Warren Buffett says acquirers typically
READ MORE... →Salient to Investors: Gina Martin Adams at Wells Fargo said disappointing economic reports are dragging down US stocks and bode ill for the future direction of stock prices. The Citigroup US Economic Surprise Index dropped below zero last week for the first time since September. 75 percent of 193 S&P 500 companies
READ MORE... →Salient to Investors: Jay Wong at Payden & Rygel said continued earnings beats is helping drive the market, which has a lot of momentum. The Index of consumer confidence was the weakest since November 2011 and lower than the most pessimistic forecast in a Bloomberg survey. 75 percent of the 179 S&P
READ MORE... →Salient to Investors: EPFR Global said US equity funds took in a record $3.1 billion at the beginning of this year. The January rally is the biggest rally since 1987. William Stone at PNC Wealth Mgmt said Berkshire Hathaway’s interest in NYSE Euronext indicates Buffett is saying maybe things will turn around and volume will
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