Salient to Investors: The MSCI China Index has gained 14 percent, including dividends, since July 1993 versus 452 percent for the S&P 500 Index, 322 percent for the MSCI Emerging Markets Index and 86 percent from US Treasuries. Only the MSCI Japan Index had a weaker performance among the 10 largest
READ MORE... →Salient to Investors: Quincy Krosby at Prudential Financial said China increasing the investment limit for qualified foreign institutions sends a strong signal that the government is committed to reforms. Krosby says little by little, China is opening up the market, paving the way for deeper reforms. Timothy Ghriskey at Solaris said the quota increase would definitely
READ MORE... →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: Pankaj Mishra writes: The proliferation of street protests around the world seems to have nothing in common. But why all now? The most common claim is that they are fueled by the rising expectations of a middle class demanding clean, transparent governance, but what kind of democracy
READ MORE... →Salient to Investors: Alexander Friedman at UBS and Kiran Ganesh at UBS Wealth Mgmt write: The dollar’s role as the de facto global currency for more than 6 decades has made Fed monetary policy one of the US’s greatest exports. Up to 60 percent of global transactions are conducted in US dollars, over
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
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