Salient to Investors: David Cassidy at UBS said there is risk of a correction, but people are not positioned for this rally and are still scrambling to buy so I am not bearish on equities. The MSCI Asia Pacific Index is up 3.3 percent in 2013, less than the 6.7
READ MORE... →Salient to Investors: Previous yen declines in the 1990s and early 2000s failed to pull Japan clear of 15 years of deflation. The IMF estimates that from From 1994 to 2003, Japan’s economy grew an average of 0.9 percent, a third of the pace of all advanced nations, and despite back-to-back
READ MORE... →Salient to Investors: Terry Morris at National Penn Investors Trust said Wal-Mart’s sales slowdown indicates the consumer is not as ready to come back as Wall Street was hoping, meaning the market may be a little ahead of itself. John Stoltzfus at Oppenheimer said the market is pausing with perhaps a modest downside
READ MORE... →Salient to Investors: Hedge funds Viking Global Investors, Third Point, and Omega Advisors all sold their entire positions in Apple in Q4 2012. Hedge funds Lone Pine Capital, Eton Park Capital Mgmt, Tiger Global Mgmt, and Jana Partners all sold shares. Hedge funds Appaloosa Mgmt, David Einhorn’s Greenlight Capital, John Paul Tudor’s Tudor
READ MORE... →Salient to Investors: Meghan O’Sullivan at Harvard writes: Many analysts anticipate North American energy independence by 2020, while our rising energy fortunes strongly counter the now-common global narrative that the US is in decline. Europe, China, Japan and other large economies face futures of ever-growing dependence on imported energy. montaukplayhouse.org/www/ The
READ MORE... →Salient to Investors: Christopher Kent at Reserve Bank of Australia said: China’s demand for commodities will grow strongly for some time, and the slower pace still represents a large quantity of new demand. The resource investment boom will crest this year. A broad range of indicators indicate that China’s growth has stabilized
READ MORE... →Salient to Investors: George Soros and Louis Moore Bacon cut their stakes in gold ETPs in Q4 2012. Lone Pine Capital and Scout Capital Mgmt sold their entire stakes in the SPDR Gold Trust, but John Paulson maintained his holding. UBS reduced its one-month price target by 6.8 percent, saying economic optimism takes the shine
READ MORE... →Salient to Investors: William Pesek writes: Singapore’s addiction to population growth shows it has run out of ideas to increase economic vitality. The era of easy growth in Singapore is over and its formula has run its course. Singapore is half the area of New York City, with a population of 3.3 million
READ MORE... →Salient to Investors: German Q4 2012 GDP shrank 0.6 percent from Q3 versus the 0.5 percent contraction predicted by 47 economists. French and Italian GDP shrank more than forecast. OECD predicts global growth will accelerate to 3.4 percent in 2013. Nick Kounis at ABN Amro Bank said euro-zone GDP growth is likely to have fallen
READ MORE... →Salient to Investors: Governments from Singapore to Dubai to Hong Kong are moving to cool overheated property markets and avert property bubbles. discovered Switzerland is having its biggest property boom in two decades, with prices pushed higher by the influx of 50,000 people a year. The UBS Swiss Real Estate Bubble Index remained in
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