Salient to Investors: Michael Hartnett at Bank of America Merrill Lynch said emerging-market stocks are poised to fall after weekly emerging-market fund inflows were the biggest in 10 months and triggered a Sell signal – that 4-week inflows totaling at least 1.5 percent of assets under management precede market declines. Hartnett said the most overbought are the most
READ MORE... →Salient to Investors: Jack Bogle at Vanguard recommends these investing books: The Intelligent Investor by Benjamin Graham, A Random Walk Down Wall Street by Burton G. Malkiel Unconventional Success by David F. Swensen The Four Pillars of Investing by William J. Bernstein Extraordinary Popular Delusions and the Madness of Crowds by Charles
READ MORE... →Salient to Investors: Investors said the S&P lowered outlook for the UK’s credit-rating will have little impact. Stuart Thomson at Ignis Asset Mgmt doesn’t see the downgrade as significant for gilts – a move from AAA to AA+ has lost its impact, if it ever had any, and the impact on default is virtually
READ MORE... →Salient to Investors: Scotland’s biggest money managers do not expect the Europe economic slump to end anytime soon. Ben Ritchie at Aberdeen Asset Mgmt expects years of zero or little growth, with strong companies getting stronger and weak companies getting weaker. Greig Bryson at Scottish Widows Investment Partnership looks for companies that can grow irrespective of the
READ MORE... →Salient to Investors: Dai Ming at Hengsheng Hongding Asset Mgmt said it appears institutional investors are increasing stock positions in order not to miss the boat as the economy has stabilized. The Shanghai Composite trades at 11.9 times reported earnings. Accounts containing funds to trade stocks dropped last week to the lowest level since November 2010.
READ MORE... →Salient to Investors: S&P lowered its outlook on Britain’s top credit rating to negative, citing weak economic growth and a worsening debt profile – there is a 1-in-3 chance the rating could be cut in the next 2 years. S&P however expects economic growth to accelerate slowly. Investors often ignore such
READ MORE... →Salient to Investors: Robert Auerbach at University of Texas writes: Warren Buffett disagrees with the importance of taxes and for some investors he is surely correct. Millions of people, including perceptive investors, are currently putting their money in accounts that pay around “a quarter of 1 percent” because the expected
READ MORE... →Salient to Investors: CBRE said office space in San Francisco rose the most in the world in the year to September 30 fueled by technology companies. Seattle had the 4th largest rise. Asieh Mansour at CBRE said the U.S. high-tech sector has matured, with new applications for even traditional businesses. Mansour predicts San Francisco’s gains and Asia-Pacific expansion will slow
READ MORE... →Salient to Investors: Peter Oppenheimer at Goldman Sachs said: Quantitative easings have left little value in the credit markets, so investors should look for returns in European equities over bonds. The STOXX Europe 600 could see annual returns of more than 7 percent despite stagnation in the euro area. Because of a net absence
READ MORE... →Salient to Investors: The US is almost free of imported energy dependence and positioned to overtake Saudi Arabia as the world’s No. 1 producer of oil, whether oil is $60 or $120. The IEA said America’s 6.8 million barrels a day in November was 30 percent less than Saudi Arabia’s 9.7 million,
READ MORE... →