Salient to Investors:
Bespoke Investment Group study going back to 1928 shows the S&P 500 Index has returned an average 0.12 percent in September when up year-to-date through August – the index is up 12 percent so far in 2012
Bob Janjuah at Nomura Holdings predicts a major risk-off phase in the coming four months with global stocks falling by as much as 20 percent to 25 percent.
Manish Singh at Crossbridge Capital the S&P 500 would have followed the 2011 script but for Draghi’s ‘we will do everything’ remark” – the ECB has played the main role in making 2912 different
Daniel McCormack at Macquarie Securities expects decent returns going forward – valuations were extreme so you don’t need much good news to move the markets
Read the full article at http://www.bloomberg.com/news/2012-08-31/u-s-stock-index-futures-advance-before-bernanke-speech.html