Short Sales Decline 53% as Bull Market Enters Fifth Year – Bloomberg 02-04-13

Salient to Investors: Bespoke Investment and Bloomberg say short sales in the S&P Composite 1500 Index fell in February to the lowest in recorded data back to 2007 – the last time at this level saw the Index lose 3.3 percent over the next three months. Bulls say the capitulation by

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Buffett Deputies Leaving Billionaire in the Dust Get Funds – Bloomberg 03-04-13

Salient to Investors: Luke Sims at Eagle Capital Growth Fund said Warren Buffett is trying to build up his stock pickers Combs and Weschler to show he hired the right money managers to succeed him. Buffett book author Jeff Matthews said the 2012 performance by Combs and Weschler was extraordinary but wants to see

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Emerging Stocks Fall as Chinese Developers Sink Most Since 2008 – Bloomberg 03-04-13

Salient to Investors: Kim Dae Young at KB Asset Mgmt said concerns about China’s recovery are prompting investors to take profits. The MSCI emerging-markets index is at 10.2 times projected 12-month earnings versus 13.2 times for the MSCI World. Benoit Anne at Societe Generale said there are more bears than bulls for the first time

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No Honeymoon for Japan’s New Central Banker – Bloomberg 02-28-13

Salient to Investors: William Pesek writes: Unconventional policies have worked out better in the US than in Japan.  Abe’s revitalization plan rests on two tired ideas – massive public-works projects and more monetary stimulus. Absent are steps to improve Japan’s economy, including tax reform, deregulation, joining free-trade agreements, empowering women, supporting

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Emerging Stocks Rise Most in Two Months on China Property Rally – Bloomberg 02-28-13

Salient to Investors: Jessada Sookdhis at CIMB-Principal Asset Mgmt said China is clearly recovering, especially in the property sector, while US data and Italian debt sales have bolstered sentiment in emerging markets. The MSCI Emerging Markets Index is at 10.5 times projected 12-month earnings versus 13.8 for the MSCI World Index. Martial

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