Salient to Investors: Brian Jacobsen at Wells Fargo Advantage said the Fed didn’t tell us anything we didn’t already know, but sometimes it doesn’t take a lot to push prices around. 73 percent of the S&P 500 companies so far reporting have beaten profit estimates, The S&P 500 trades at 14.97 times
READ MORE... →Salient to Investors: 5 of the 8 most accurate forecasters of the US economy in the two years ended in December 2012 were outside the US. International forecasters use methods based on tracking sales and factory reports and largely ignore public surveys of confidence. Joshua Shapiro at Maria Fiorini Ramirez consciously try to
READ MORE... →Salient to Investors: Adam Klopfenstein at Archer Financial Services said the world is not falling apart, and gold is no longer indispensable – that the US is talking about ending the stimulus program tells us that the economy is doing relatively better. Read the full article at http://www.bloomberg.com/news/2013-02-22/gold-poised-for-weekly-loss-as-haven-allure-fades-dollar-jumps.html Free email alerts
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Treasuries gained this week for the wrong reason – speculation economic growth will slow as the Fed reduces its stimulus efforts, when instead yields, certainly in the mortgage market, and the Treasury market might rise as well. The Fed will buys bonds through 2013 and says
READ MORE... →Salient to Investors: Going to court to prove that a mutual fund charges small investors excessive fees is often an exercise in futility because the courts have set the bar so high for plaintiffs that most suits are dismissed before they even get to trial. Niels Holch at the Coalition of
READ MORE... →Salient to Investors: Amanda Sneider and David Kostin at Goldman Sachs said: Net long exposure to stocks in hedge funds rose to 52 percent in Q4 2012, matching the 10-year high reached in Q1 2007. AIG became the most-held position, Apple fell to third place. Hedge funds notably reduced holdings of Apple and gold
READ MORE... →Salient to Investors: Lou Crandall at Wrightson ICAP said economic activity rose in part due to spillover effects from the housing recovery, but a sequence of budget-related concerns overhangs consumer spending. Ken Goldstein at the Conference Board said the underlying economy remains relatively sound but sluggish, with the biggest positive being housing.
READ MORE... →Salient to Investors: Adrian Mowat at JPMorgan said emerging-market stocks may enter a significant correction because fundamentals and technicals are weakening – investors should use options that protect against stock losses and sell equities that are most sensitive to market swings. Mowat sees no near-term changes to these conditions and expects emerging markets to
READ MORE... →Salient to Investors: Allan Yu at Metropolitan Bank & Trust said easing the US stimulus will siphon away some of the liquidity that fueled the rally in emerging stocks. Adrian Mowat et al at JPMorgan said fundamentals and technicals are weakening and emerging-market stocks may enter a more significant correction after underperforming
READ MORE... →Salient to Investors: John Silvia at Wells Fargo Securities said the economy has legs, many people are much more confident, the housing pick up is sustainable. Ken Goldstein at the Conference Board said the underlying economy remains relatively sound but sluggish – the biggest positive factor is housing. The median price of an existing
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