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Which Stocks Are Leading The Charge?
May 6, 2013
The Wall Street Journal – ‘Boring’ Blue Chips Lead Record-Setting Market Runup Boring bulls are powering the market higher. That the stock market has climbed as much as it has this year surprises many analysts. Perhaps the biggest shocker: the kinds of companies leading the charge…Each of the big winners this year is a so-called… Continue reading Which Stocks Are Leading The Charge?
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Where Is The Wealth Effect?
May 6, 2013
Bloomberg.com – Diminished Housing Wealth Effect Keeps Pressure on Fed The wealth effect from rising house prices may not be as effective as it once was in spurring the U.S. economy. Rather than using their properties as ATM machines to boost spending, homeowners increasingly are paying down the principal and shortening the maturities of their… Continue reading Where Is The Wealth Effect?
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Stocks March To Beat Of Own Drummer
May 6, 2013
The Financial Times – Equity markets join the global “reach for yield” In the past few weeks, a puzzle has developed in the global financial markets. Equities, at least in the developed countries, have broken free of the constraints which normally bind them to fluctuations in the global economy. To misquote the old Heineken advert… Continue reading Stocks March To Beat Of Own Drummer
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Treasury Bears
May 6, 2013
The Wall Street Journal – U.S. Treasurys Still Defy Bearish Calls Bond-market bears are taking their lumps—again. A run of uneven economic data this spring has wrong-footed scores of investors—including some of the bond world’s boldface names—who entered the year betting that an accelerating U.S. expansion would send Treasury prices tumbling, ending a three-decade-long fixed-income… Continue reading Treasury Bears
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A Different View Of The Dow
May 6, 2013
MoneyBeat (WSJ Blog) – The Dow’s Longish Road to 15000 in One Chart The Dow’s rally to 15000 got us thinking: Just how long does it typically take for the Dow to move in 1000-point increments? The answers vary, but the latest stretch from when the blue-chip average initially climbed over 14000 to its current… Continue reading A Different View Of The Dow
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The Euro
May 6, 2013
The Telegraph – German euro founder calls for ‘catastrophic’ currency to be broken up “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said. “The Germans have not yet realised that southern Europe, including France, will be forced by their… Continue reading The Euro
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Forget About A Spring Swoon
May 6, 2013
The Wall Street Journal – Investors Throw Off Fears of Spring Swoon “We think the U.S. stock market is headed higher,” David Kotok, chief investment officer at Cumberland Advisors, told clients following the labor report Friday morning. Mr. Kotok prefers shares of growth-oriented companies to the dividend-paying defensive stocks that have fared well lately. Christian… Continue reading Forget About A Spring Swoon
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Fannie/Freddie & The FHA
May 6, 2013
The Wall Street Journal – Fannie, Freddie: Can’t Live With ‘Em, Can’t Live Without ‘Em Who runs the FHFA matters because the regulator has significant but underappreciated power to refashion Fannie, Freddie and, in turn, housing finance. And in advancing Mr. Watt, the White House signaled its desire to placate some of its core constituent… Continue reading Fannie/Freddie & The FHA
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The Rich Get Richer
May 6, 2013
Bloomberg.com – World’s Wealthiest Gain $45 Billion as Dow Reaches 15,000 The world’s 200 richest people added $44.6 billion to their collective net worth this week as the Dow Jones Industrial Average reached 15,000 for the first time…Copper surged the most since 2011 this week to lead commodities higher, and Treasuries slid as faster-than-forecast employment… Continue reading The Rich Get Richer
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Stock Investing By Generation
May 6, 2013
CNBC – Do Young People Believe in Stocks? Millennials are more cautious about investing in the market than their parents. But they are also more knowledgeable about what to do with their money. When she was young, Michaele Bradford thought that the world of investing was a fun, cheery place – a sort of playground… Continue reading Stock Investing By Generation
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Buffett Offers His View On The Exit Strategy
May 6, 2013
CNN Money – Buffett worries about Fed’s ‘huge experiment’ Warren Buffett has a piece of advice for Ben Bernanke: It’s easier to buy than it is to sell. Buffett, speaking on Saturday at Berkshire Hathaway’s annual meeting in Omaha, said he is worried about what will happen when the Federal Reserve tries to wind down… Continue reading Buffett Offers His View On The Exit Strategy