Salient to Investors: Jeffrey Saut at Raymond James said the market will either correct its overbought condition by moving sideways or by falling to 1,400-1,422 support. Read the full article at http://www.bloomberg.com/news/2012-09-17/u-s-stock-index-futures-decline-after-s-p-500-rally.html
READ MORE... →Salient to Investors: Bellwethers FedEx and Intel expect lower quarterly profits because of weakness in worldwide demand. Wall Street expects quarterly profits at large American companies to decline for the first time since 2009. Ethan Harris at Bank of America Merrill Lynch said a lot of the profit gain over the past years came from a
READ MORE... →Salient to Investors: The yield gap between the 10-yr and 30-yr Treasuries is at the highest in a year. Brian Edmonds at Cantor Fitzgerald said Treasuries are worried about inflation on the heels of open-ended stimulus. Sean Murphy at Societe Generale said the Fed leaving its purchases open-ended and extending its guidance means a steeper yield curve. QE3 is
READ MORE... →Salient to Investors: Russ Koesterich at BlackRock said the rally was due to policy makers delivering a bit more than expected. Bank of America expects U.S. stocks to hit a record in 2013. Savita Subramanian at Bank of America is bullish longer term on sentiment and fundamentals, predicts S&P 500 at 1600 by year-end 2013 on record profit growth. Tobias
READ MORE... →Salient to Investors: Andrew Wilkinson at Miller Tabak said the Fed shift was a welcomed driver for risk-loving investors, along with the ECB’s bold defense of the euro. Sebastien Galy at Societe Generale said the expected ECB actions are helping the market to move away from the risk of financing of the U.S. and the peripheral risks
READ MORE... →Salient to Investors: Stephen Dodson at the Bretton Fund said one of the best ways to make money is to be able to look past a bad headline -ask if there is something fundamental that permanently impairs the future earnings ability or is it just a short-term hit. More serous is accounting irregularities. James Potkul at the Bread
READ MORE... →Salient to Investors: Contrarian fund manager Bill Smead is: Bullish on the U.S. but bearish on companies exposed to China. Looks for strong balance sheets, industries with high barriers to entry, long histories of profits and dividends, p/e ratios below their 10-year average, strong insider ownership, and shareholder friendliness with regard to
READ MORE... →Salient to Investors: Tobias Levkovich at Citigroup predicts the S&P 500 will hit 1,615 in 2013. Brian Belski at Bank of Montreal predicts the S&P 500 to hit 1,575 in 2013. Savita Subramanian at Bank of America expects the S&P 500 to hit 1,600, but straight up, in 2013 on record earnings, reduced concerns about the global economy, and
READ MORE... →Salient to Investors: Walter Hellwig at BB&T Wealth Management sees a commodity owner’s dream come true in terms of open-ended quantitative easing.. Sterling Smith at Citigroup Global Markets said gold, a pure currency, is the most interesting and most favored in quantitative easing. Jason Schenker at Prestige Economics said the Fed’s gradual increase in stimulus is long-term bullish
READ MORE... →Salient to Investors: Acadametrics report the average London house price rose 10.5 percent in July from a year earlier, led by a 32 percent rise in Kensington and Chelsea, a 19 percent rise in Hammersmith and Fulham, and a 18 percent rise in Westminster. House sales are 63 percent of the average in the period 1995-2011. Read the
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