Salient to Investors: Max Gottschalk at Gottex Fund Mgmt said: His largest Asia fund’s bets on small Japanese companies have been cut and the fund now allocates 2/3 of its Japan investments with managers that focus on large companies. A big part of the rally in Japanese equities has been in small
READ MORE... →Salient to Investors: John Bogle writes: While the idea of market timing is simple, many hedge fund managers have tried but precious few have succeeded. Joe Carlen, author of “The Einstein of Money”, said the Benjamin Graham Joint Account – the predecessor to Graham-Newman Corporation – lost 70% from 1929 through
READ MORE... →Salient to Investors: David Stockman says: We are in serial bubbles. Greenspan and Bernanke have inflated bubbles for years by keeping interest rates low. A system of bubble finance is geared towards massive borrowing and speculation on leverage, everyone will do it – a gambler’s dream. Financial markets are full
READ MORE... →Salient to Investors: Megan Greene at Maverick Intelligence writes: Austerity has become a bad word in the euro area and blamed for an ever-worsening recession. Germany’s tough-love approach to repairing the euro area’s finances has fallen out of favor but has merit in the case of Slovenia, which has been masterful
READ MORE... →Salient to Investors: Shen Jianguang at Mizuho Securities Asia said it is too early to say an economic rebound has begun in China as there is still a strong bias towards larger enterprises and coastal areas in terms of fiscal and credit policy implementation, while small and mid-sized companies appear to
READ MORE... →Salient to Investors: Tom Levinson at ING said emerging-market currencies are at the beginning of perhaps longer and deeper correction, while this is where the dollar starts to rally potentially for the right reasons because the US business cycle is further developed. Kit Juckes at SocGen said the bull market is over
READ MORE... →Salient to Investors: Nouriel Roubini at NYU says gold may fall toward $1,000 by 2015 as the economic recovery curbs demand for bullion, there is a lack of inflation, and other assets such as equities offer better returns. Roubini said investors should have a very modest share of gold and other real
READ MORE... →Salient to Investors: Traders, athletes, and real estate brokers have the highest earnings potential. Read the full article at http://www.bloomberg.com/visual-data/best-and-worst/most-earnings-potential-careers Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Yields on US Treasuries, German bunds and Japanese government bonds are 1 standard deviation above their historical norm. Yields on Treasuries and bunds are more than 40 basis points below what would be 2 standard deviations from their means, and Japanese bonds are 5 basis points away.
READ MORE... →Salient to Investors: ISM fell to the lowest reading 49 since June 2009 and versus the median forecast of 51. Guy LeBas at Janney Montgomery Scott said manufacturing is stymied by slow corporate spending and government spending and will grow at a modest pace this year and unlikely to accelerate in coming
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