Salient to Investors: More than a million of the college graduate class of 2008 have gone back home. The number of 26-year-olds living with parents is up 46 percent since 2007: a quarter of American adults between the ages of 18 and 30 now live with parents. Read the full article at
READ MORE... →Salient to Investors: 16 of the 20 cities in the Case-Shiller index showed a year-over-year advance. Karl Case at Wellesley College says US home prices have bottomed but are unlikely to come roaring back, hindered by tight lending standards, slow economic growth and a limited supply of properties on the market. Case cites problems in
READ MORE... →Salient to Investors: Daisuke Uno at Sumitomo Mitsui Financial said the charts predict a fall in the euro to a 12-year low against the yen next month. On the weekly ichimoku chart, the conversion line remains below the base line; the spot price is below the cloud; and the lag line is below the spot prices. Ichimoku charts predict
READ MORE... →Salient to Investors: Scheme aimed at distorting stock prices by rapidly canceling orders – placing orders with no intention of having it executed. The trades primarily involved traders in China. Read the full article at http://www.bloomberg.com/news/2012-09-25/sec-says-new-york-broker-allowed-high-speed-stock-manipulation.html
READ MORE... →Salient to Investors: Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth. FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility. The Dow is 5.3 percent from its
READ MORE... →Salient to Investors: The S&P/Case-Shiller index of property values in 20 cities had its biggest 12-month advance since August 2010. Millan Mulraine at TD Securities says housing has made an important turn that is being sustained. August saw the strongest pace of single-family starts in more than two years, while purchases of previously-owned
READ MORE... →Salient to Investors: Bloomberg Consumer Comfort Index at a four-month high in September, Thomson Reuters/University of Michigan preliminary sentiment index at second highest level in five years – due in part to rising stocks and property values. The Conference Board’s index decreased in August from in July, the biggest drop in 10 months. Andrew
READ MORE... →Salient to Investors: To play the gains in housing, invest in undervalued regional banks that have a strong presence in growing regions of the US. Almost all regional bank stocks are undervalued, compared to fundamentals. Read the full article at http://seekingalpha.com/article/888331-watching-certain-banking-stocks-by-housing-trends?source=intbrokers_regular
READ MORE... →Salient to Investors: Asia hedge funds 1.6 percent in 2012 thru August versus 3.2 percent for the global benchmark and have ad outflows of $447 million in 2012. The MSCI Asia Pacific Index is up 8.2 percent in 2012 versus up 13 percent for the MSCI World Index. Hedge Fund Research said 77% of Asia funds
READ MORE... →Salient to Investors: U.S. investors are buying Treasuries at a faster pace than foreigners for the first time since 2010. Tom Graff at Brown Advisory said bonds have stopped being a total-return market as high uncertainty has caused excess cash to build up among household assets as individuals seek safety over return. Foreign investors own 50.4
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