Salient to Investors: Bank of America Merrill Lynch and Mizuho Securities say the bubble forming in the Japanese government bond market risks further expansion as central bank purchases shield the notes from a global rout. Benchmark 10-year JGB yields were the lowest in the world at 0.67 percent versus 2.65
READ MORE... →Salient to Investors: The Nippon Individual Savings Account program opens for applications tomorrow and will allow individuals to buy $10,143 a year of risk assets – stocks, ETFs and investment trusts – that are exempt from taxes on dividends and capital gains for 5 years. Nomura Research Institute estimates the
READ MORE... →Salient to Investors: The S&P 500 Index return in 2013 is tracking day-to-day price moves in 1954 almost identically – a correlation coefficient of 0.95. In 1954 the S&P 500 rose a record 45 percent to reach a new high for the first time since 1929. Jim Paulsen at Wells
READ MORE... →Salient to Investors: Markit reports US hedge funds were short 2.4 per cent of shares, close to an all-time low. Only 6 companies reporting earnings this week have more than 3 per cent of their stock sold short. In Europe’s Stoxx 50 index of top companies, it is only 2. HFR
READ MORE... →Salient to Investors: Jim Rogers said: I am long oil, gold etc which will go much higher if there is going to be a war – it sounds like they want one. Stocks will go down, some are already falling, commodities will rise. Read the full article at http://blogjimrogers.blogspot.com/2013/09/jim-rogers-owns-oil-gold.html Click here to
READ MORE... →Salient to Investors: Nouriel Roubini at NYU writes: Expect Italian elections in early 2014 but sooner is possible. If there is no solution to Italy’s crisis, the spread will rise to 3 percent in a few days and the calm period for Italian stocks will end. Bank stocks will be
READ MORE... →Salient to Investors: William C. Dudley at FRB of New York said: We need to see continued improvement in the labor market and other good economic news before tapering. The FOMC are committed to not allowing inflation to rise above its 2 percent target by any significant margin because we
READ MORE... →Salient to Investors: Takeshi Fujimaki, who has been predicting an eventual default in Japan since at least 2009, said: A fiscal crisis in Japan is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it. Total debt will continue to increase and Japan
READ MORE... →Salient to Investors: Jim Rogers writes: America, Europe and Japan economies are 10 times bigger than China, so even if China is doing everything right, it will still be affected by what’s happening in the rest of the world. Read the full article at http://blogjimrogers.blogspot.com/2013/09/china-will-be-affected-by-america.html Click here to receive free and immediate
READ MORE... →Salient to Investors: Little more than 2 years after Warren Buffett labeled India a “dream market,” its economy is expanding at the slowest pace in a decade and its debt ratings are at risk of being cut to junk. Berkshire Hathaway exited an insurance distribution venture. In the last 3
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