Home → Fisher Investments MarketMinder Headlines → 01-2009 Archives

Market Misperceptions
By , Bloomberg, 01/30/2009
MarketMinder's View:
We fail to see how they don’t amount to the same thing. Tax cuts put money in your pocket right now
Sensible Stories
By , The Wall Street Journal, 01/30/2009
MarketMinder's View: This is a great article on how aid is more beneficial in the hands of citizens rather than their governments—no different than any other money come to think of it.
Market Misperceptions
By , The Wall Street Journal, 01/30/2009
MarketMinder's View: The solution to today’s crisis is to stop trading internationally, stop driving our cars, and not allow folks to borrow money? How does any of that improve our economy? Seems to us that makes things radically worse.
Sensible Stories
By , Reuters, 01/30/2009
MarketMinder's View: Creating bad banks can be good—provided it’s done appropriately. See our cover story, “So Bad, It’s Good?” (1/29/2009), for more.
Market Misperceptions
By , The New York Times, 01/30/2009
MarketMinder's View: Expect these worries to continue, as it will take time for the stimulus to impact the economy, then show in official data. A weak economy can’t keep stocks from climbing a wall of worry. Historically, stocks bottom before the economy.
Sensible Stories
By , CNNMoney, 01/30/2009
MarketMinder's View: “Companies are finding other ways to finance their debt.” If there’s relatively cheaper liquidity, firms will eventually find it.
Sensible Stories
By , The Wall Street Journal, 01/30/2009
MarketMinder's View: This political posturing around “Buy America” is nauseating—we’d prefer a “”Free to Choose [the supplier]” provision.
Market Misperceptions
By , The Wall Street Journal, 01/30/2009
MarketMinder's View: Simply not true. January’s market direction isn’t indicative of future returns.
Sensible Stories
By , The New York Times, 01/30/2009
MarketMinder's View: Of course they will—they always do. And don’t expect the stimulus to work as people expect—there’s no such thing as perfect stimulus. For more, see our cover story, “Mountains of Money” (1/28/2009).
Market Misperceptions
By , The New York Times, 01/30/2009
MarketMinder's View:
If you’re waiting for the economy to turn, it’s probably going to be well after equities have moved higher.
Sensible Stories
By , The Wall Street Journal, 01/29/2009
MarketMinder's View: It’s hardly surprising the US Treasury continues imposing additional terms on TARP funds—there’s no such thing as a free lunch. See our 1/22/2009 cover story, “Strings Attached,” for more.
Market Misperceptions
By , Bloomberg, 01/29/2009
MarketMinder's View: The drone of bad news continues—but we’ll likely see markets recover before such coincident and lagging data do.
Market Misperceptions
By , CNNMoney, 01/29/2009
MarketMinder's View: Bad news, no doubt—and we expect such numbers will likely continue for some time. But remember: Historically, stock markets recover long before all other economic data. See our 11/4/2008 and 1/9/2009 cover stories, “The Ultimate Leading Economic Indicator” and “Reverse Logic,” for more.
Sensible Stories
By , telegraph.co.uk, 01/29/2009
MarketMinder's View: “Faith in these [free market] principles has resulted in lower prices, more choice, higher living standards, more jobs, more government revenue to fund public services and more prosperity.” We couldn’t have said it better ourselves.
Sensible Stories
By , The Washington Post, 01/29/2009
MarketMinder's View: “Wise observers have well understood that free markets and uncontrolled prices do a far better job in allocating resources than politicians.” We agree—increasing government oversight isn’t an efficient answer to economic woes.
Sensible Stories
By , Investor’s Business Daily, 01/29/2009
MarketMinder's View: It’s too early to say if such a plan will work. For more, see today’s and 1/20/2009 cover stories, “So Bad, It’s Good?” and “Banky Panky.”
Market Misperceptions
By , TimesOnline, 01/29/2009
MarketMinder's View:
We support the idea of free markets.  Markets are related to many other factors other than banks.
Sensible Stories
By , Reuters, 01/29/2009
MarketMinder's View: So far, this is mostly all talk and no action. But it’s worth keeping an eye on—restrictions on free trade exacerbated conditions during the Great Depression, and we don’t wish to see a repeat.
Sensible Stories
By , CNNMoney.com, 01/28/2009
MarketMinder's View: The Fed has an entire arsenal of measures it can still use—manipulating short-term interest rates is merely one of them.
Sensible Stories
By , The New York Times, 01/28/2009
MarketMinder's View: “This bill should help the economy in both the near term and the long term. But the government doesn’t go out and spend about $800 billion every day. The details matter.” Amen, you must be patient and pay attention to details.
Sensible Stories
By , The Wall Street Journal, 01/28/2009
MarketMinder's View: Here’s another tax cut we can agree with.
Market Misperceptions
By , International Business Times, 01/28/2009
MarketMinder's View: Weak or strong—currency moves don’t much matter to well-diversified global stock investors with long time horizons.
Market Misperceptions
By , International Herald Tribune, 01/28/2009
MarketMinder's View: Breakups as an economic indicator? We don’t think so. Maybe the economy’s just not that into her.
Sensible Stories
By , Reuters, 01/28/2009
MarketMinder's View: Such a move would be unprecedented in the US. This is a key issue to watch. See our past commentary, “Banky Panky,” (1/20/2009) for more.
Market Misperceptions
By , The Wall Street Journal, 01/28/2009
MarketMinder's View: It’s that time again—forty heads of state are meeting up for the world economic forum. Don’t expect much substance to come out of this.
Market Misperceptions
By , Financial Times, 01/28/2009
MarketMinder's View: This isn’t good news. But stocks are likely to rise in the face of it. See our past commentary, “What You See May Not Be What You Get” (12/29/2008), for more.
Sensible Stories
By , The Wall Street Journal, 01/28/2009
MarketMinder's View: Obama’s proposed stimulus bill is on the brink of $900 billion. The size, scope, and details of the finalized version will matter for the economy and markets looking ahead. Very much worth watching.
Market Misperceptions
By , The Washington Post, 01/28/2009
MarketMinder's View:
It’s the political intervention rather than the free trade policies that undermine global economic growth.
Market Misperceptions
By , The Washington Post, 01/28/2009
MarketMinder's View: Stop trading? That’s absurd. Global trade is a must for global economic growth. This is one of the most important lessons from the Great Depression.
Market Misperceptions
By , Bloomberg, 01/27/2009
MarketMinder's View: Comparing the US today to Japan’s “lost decade” doesn’t make much sense. For more, see our cover story, “America’s Lost Decade” (12/19/2008).
Market Misperceptions
By , BBC News, 01/27/2009
MarketMinder's View: A recovery will take time. Years? Maybe, maybe not. But stimulus doesn’t turn the economy around overnight. Even more important, stocks tend to lead economic recovery—for more, see our cover story, “Patience With Punches” (1/14/2009).
Sensible Stories
By , International Herald Tribune, 01/27/2009
MarketMinder's View: We continue to see a wall of global stimulus
Sensible Stories
By , Forbes.com, 01/27/2009
MarketMinder's View: We don’t agree with every sentiment here but it’s true that politicians don’t know how to run the auto industry any more than they’d know how to perform heart surgery.
Sensible Stories
By , The Wall Street Journal, 01/27/2009
MarketMinder's View: Agreed! The rest of the world is lowering and simplifying their corporate tax rates—why not us?
Market Misperceptions
By , The New York Times, 01/27/2009
MarketMinder's View: There’s no doubt housing continues to be a weak spot, but it shouldn’t hold back a market recovery. For more, see our cover story, “Housing Wobble” (1/26/2009).
Sensible Stories
By , Investor’s Business Daily, 01/27/2009
MarketMinder's View: A concrete example of why freer trade benefits most everyone. For more, see our cover story, “Made In ___” (1/13/2009).
Sensible Stories
By , The Wall Street Journal, 01/27/2009
MarketMinder's View: We’ve espoused the idea of corporate tax cuts before but this is a good article on where the stimulus bill could be improved.
Market Misperceptions
By , The Financial Times, 01/27/2009
MarketMinder's View:
If we need a carbon tax to make renewable energy viable, it’s probably not viable.
Market Misperceptions
By , Reuters, 01/27/2009
MarketMinder's View: Hardly surprising consumers are worried about the economy. But consumer confidence is inherently backward-looking and thus, a poor forward-looking indicator.
Sensible Stories
By , MSN Money, 01/26/2009
MarketMinder's View: We agree and history shows this trend.
Sensible Stories
By , The Wall Street Journal, 01/26/2009
MarketMinder's View: A good reminder—“average” market returns are anything but.
Market Misperceptions
By , Los Angeles Times, 01/26/2009
MarketMinder's View:
We know the economy is weak right now but the markets always rebound before the economy does.
Sensible Stories
By , Bloomberg, 01/26/2009
MarketMinder's View: We couldn’t agree more. One month’s performance says nothing about the rest of the year.
Market Misperceptions
By , The Telegraph, 01/26/2009
MarketMinder's View:
Conditions today are nothing like those of 1931.
Sensible Stories
By , The Wall Street Journal, 01/26/2009
MarketMinder's View: Want stimulus and want it now? How about some permanent tax cuts? That would do the trick.
Sensible Stories
By , Bloomberg.com, 01/26/2009
MarketMinder's View: The market doesn’t wake up on New Years Day and start afresh so looking at the last month’s market performance won’t tell you much about where it’s going over the next 11.
Market Misperceptions
By , CNNMoney, 01/26/2009
MarketMinder's View: No doubt. Expect dour economic news to continue. But that doesn’t mean a market recovery can’t begin. Markets typically lead economies, not the other way around.
Sensible Stories
By , The Wall Street Journal, 01/26/2009
MarketMinder's View: Wouldn’t reform be a better long term solution rather than just going cap in hand to the federal government?
Sensible Stories
By , The Wall Street Journal, 01/26/2009
MarketMinder's View: With globalization’s expansion, “buy America” may mean something completely different now than it did just a decade ago. And that’s a good thing.
Market Misperceptions
By , Bloomberg, 01/26/2009
MarketMinder's View: Though encouraging, remember: The most important leading economic indicator is the stock market. See our 11/4/2008 cover story, “The Ultimate Leading Economic Indicator,” for more. 
Market Misperceptions
By , The Los Angeles Times, 01/26/2009
MarketMinder's View: Whether or not this is historically accurate is debatable. But note, manufacturing is far less important to today’s economy than it once was. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Market Misperceptions
By , The Wall Street Journal, 01/23/2009
MarketMinder's View: Is it really news to anyone the yuan doesn’t float freely? Hopefully, this is more political rhetoric than a threat of much action.
Sensible Stories
By , The Wall Street Journal, 01/23/2009
MarketMinder's View: We didn’t really want big government, but now that we have it they can help investors make decisions by providing both clarity and consistency in the manner in which they deal with the current turmoil.
Market Misperceptions
By , MSN Money, 01/23/2009
MarketMinder's View:
We think we’re some way off the Fed going bust!
Market Misperceptions
By , The Wall Street Journal, 01/23/2009
MarketMinder's View:
We’d argue firms already must comply with enough confusing and conflicting government oversight. Firms function best when boards are as free as possible to best serve shareholders’ interest. If shareholders don’t like the way a firm is run—very simple—they sell or don’t buy stock in the first place!
Sensible Stories
By , Motley Fool, 01/23/2009
MarketMinder's View: Buying stocks based on chart patterns is inherently backward looking and won’t lead to superior returns over time.
Market Misperceptions
By , The Wall Street Journal, 01/23/2009
MarketMinder's View:
We know the economy is weak right now but the markets always rebound before the economy does.
Market Misperceptions
By , Real Clear Markets, 01/23/2009
MarketMinder's View: Not at all surprising. More dour economic news is largely to be expected. Just remember, markets lead the economy, not the other way around.
Market Misperceptions
By , Time, 01/23/2009
MarketMinder's View:
“Mergers have become the tool of tearing the heart out of a recovery.” Simply a wrong notion. M&A allows the better and more competent to win out over the lackluster and inefficient, which is ultimately better economically.
Market Misperceptions
By , The Wall Street Journal, 01/23/2009
MarketMinder's View: Among other absurd notions, here’s the idea the US economy itself is “too big.”
Sensible Stories
By , The Wall Street Journal, 01/22/2009
MarketMinder's View: “Of course, if this mechanism is genuine [government spending is beneficial no matter what], one might ask why the government should stop with only $1 trillion of added purchases.” It’s amazing that very few are asking this question.
Sensible Stories
By , The Independent, 01/22/2009
MarketMinder's View: We may not like the turmoil now but in seeking new controls we must be wary not to stifle innovation.
Sensible Stories
By , The Wall Street Journal, 01/22/2009
MarketMinder's View: Shining evidence of the potential for government bungling whenever it’s involved in financial matters.
Sensible Stories
By , The Financial Times, 01/22/2009
MarketMinder's View: We don’t agree with everything said here but we do with the point that governments aren’t the ideal owners of banks.
Market Misperceptions
By , MSN Money, 01/22/2009
MarketMinder's View:
There will always seem to be reasons NOT to invest—in good times and bad. The calls for not investing just get louder closer to the bottom of bear markets than to the top.
Sensible Stories
By , The Wall Street Journal, 01/22/2009
MarketMinder's View: Non-paid taxes notwithstanding, it will be important to watch what the new Treasury Secretary will do.
Sensible Stories
By , The New Republic, 01/22/2009
MarketMinder's View: The long history of capitalism shows booms and busts, and, over time, stronger, more productive, and wealthier economies. A worthy perspective to contrast much of today’s rhetoric.
Sensible Stories
By , The Wall Street Journal, 01/22/2009
MarketMinder's View: Maybe the “bad banks” could work, maybe not. But it’s on the table and should be monitored and understood. See our 1/20/2009 cover story, “Banky Panky,” for more.
Market Misperceptions
By , The Baltimore Sun, 01/22/2009
MarketMinder's View: This is a new one: Car thefts as an economic indicator. Ignore.
Market Misperceptions
By , BusinessWeek, 01/22/2009
MarketMinder's View: This kind of overly dour headline is common in bear markets. If your time horizon is long, there is an overwhelmingly high probability asset prices will eventually recover and even move ahead in the years to come.
Sensible Stories
By , MarketWatch, 01/22/2009
MarketMinder's View: An informative breakdown of new rules for IRAs.
Sensible Stories
By , Forbes.com, 01/21/2009
MarketMinder's View: Who values assets on a daily basis that they never intend to sell? It makes no sense.
Sensible Stories
By , Reuters, 01/21/2009
MarketMinder's View: While enacting aggressive trade barriers could be disastrous, we still view that risk as relatively low right now. For more on this, see our cover story, “Made in ____” (1/13/2009).
Market Misperceptions
By , MarketWatch, 01/21/2009
MarketMinder's View: Not surprisingly, home builders aren’t feeling great about the market. Steer clear of this (and most all) sentiment indexes. They tend to be backward looking and don’t tell us what to expect going forward.
Sensible Stories
By , International Herald Tribune, 01/21/2009
MarketMinder's View: The wall of global stimulus continues. Nations are correct not to worry about deficits—historically, big deficits haven’t proven negative for the market.
Sensible Stories
By , CNNMoney.com, 01/21/2009
MarketMinder's View: It sure is. The “bailout” likely only suspends the inevitable Chapter 11 bankruptcy. Bankruptcy worked out fine for the airlines; it can work out fine for US automakers. For more, see our cover story “All Hail…the Car Czar?” (12/10/2008).
Sensible Stories
By , The Wall Street Journal, 01/21/2009
MarketMinder's View: Increasing the expected after-tax return on investment sounds good to us.
Market Misperceptions
By , Salon.com, 01/21/2009
MarketMinder's View:
The US Bill of Rights protects its citizens from the heavy hand of government (you know, free speech, due process, etc.) This proposal provides the government more control over the daily lives and finances of its citizens—Jefferson and Mason would be rolling over in their graves.
Sensible Stories
By , The Wall Street Journal, 01/21/2009
MarketMinder's View: Stimulate investment by reducing taxes? Yes, please. Let’s have more of that. Heck—make the tax reduction permanent
Market Misperceptions
By , The Wall Street Journal, 01/21/2009
MarketMinder's View: Financials will continue to struggle, but that doesn’t mean stocks overall can’t recover. It appears the Fed is also unwilling to let any more large banks fail. Read our cover story, “Banky Panky” (1/20/2009) for more.
Market Misperceptions
By , Reuters, 01/21/2009
MarketMinder's View: Astrology is fun! But don’t use it to forecast markets.
Market Misperceptions
By , Fortune, 01/20/2009
MarketMinder's View: Expect poor economic news to continue. Historically, markets tend to bottom first and begin surging before economic recoveries can be seen or felt.
Sensible Stories
By , The Wall Street Journal, 01/20/2009
MarketMinder's View: Canada isn’t hesitating to use monetary policy in efforts to stimulate the economy—yet another sign global stimulus continues.
Sensible Stories
By , The Wall Street Journal, 01/20/2009
MarketMinder's View: In honor of a historic Inauguration Day, here’s a look back at some of the best inaugural speeches.
Sensible Stories
By , Forbes.com, 01/20/2009
MarketMinder's View: The more taxes we can get rid of, the better – for everyone.
Market Misperceptions
By , Times Online, 01/20/2009
MarketMinder's View:
We don’t pay much attention to the forecasting ability of the European Commission.
Market Misperceptions
By , BusinessWeek, 01/20/2009
MarketMinder's View: This is simply wrong. The Fed can’t run out of ammo—it can just keep printing money. And the Fed’s response has been vastly different from Japan’s during its “Lost Decade.” For more, see our 12/19/2008 cover story, “America’s Lost Decade.”
Sensible Stories
By , The Wall Street Journal, 01/20/2009
MarketMinder's View: This is further indication that Government are keen not to let banks fail.
Market Misperceptions
By , The Wall Street Journal, 01/20/2009
MarketMinder's View: Folks will gripe about big deficits, but historically, big deficits don’t hold back stocks. In fact, big deficits are followed by periods of strong stock returns.
Market Misperceptions
By , BusinessWeek, 01/20/2009
MarketMinder's View: Yes—bankruptcies will continue, as is typical in the final days of a bear market. But that won’t forestall a market recovery in the fore. For more, see our 1/20/2008 cover story, “Banky Panky.”
Sensible Stories
By , The New York Post, 01/19/2009
MarketMinder's View: We love the idea of cutting taxes.
Sensible Stories
By , The Wall Street Journal, 01/19/2009
MarketMinder's View: The New Deal should be instructive in helping government avoid the policy mistakes that exacerbated rather than cured The Great Depression.
Market Misperceptions
By , Times Online, 01/19/2009
MarketMinder's View:
If government were ‘forcing’ banks to lend, wouldn’t it be better to just do so themselves?
Market Misperceptions
By , MSN Money, 01/16/2009
MarketMinder's View:
It makes no sense at all to expect an accurate growth forecast for 2015. That’s 6 years away!
Market Misperceptions
By , Real Clear Markets, 01/16/2009
MarketMinder's View: We think it’s fairer in this case to say much of today’s stimulus activity won’t have the immediate impact many hope for. If they’re going to work at all, these things take months, sometimes years.
Sensible Stories
By , Smart Money, 01/16/2009
MarketMinder's View: Another signal the feds probably won’t allow major banks to fail from here on out.
Market Misperceptions
By , The Nation, 01/16/2009
MarketMinder's View:
True, the global economy is weak, not just the US. But this is far too dour a view—global trade will decelerate (as with any weak economy), but so far we’ve seen nothing like the damaging Smoot-Hawley protectionism of the Great Depression. And, government stimulus efforts have been global, not isolated to the US.
Sensible Stories
By , The New York Times, 01/16/2009
MarketMinder's View: With headlines swirling again over Financials’ woes, this is an important perspective to keep in mind.
Sensible Stories
By , The Wall Street Journal, 01/16/2009
MarketMinder's View: While we don’t agree with everything here, it’s an interesting article worth looking at.
Market Misperceptions
By , Time, 01/16/2009
MarketMinder's View: With an unprecedented “wall” of new money being printed throughout the global economy, the deflationary shock of financial panic won’t likely last for long.
Sensible Stories
By , Fobes.com, 01/16/2009
MarketMinder's View: “The forces of recovery will break through. As they always do, stocks will rise before the economy does.” – We agree.
Sensible Stories
By , The New York Times, 01/16/2009
MarketMinder's View: We wouldn’t agree with all of it, but this thought-provoking perspective reminds us to always think in terms of economics and human behavior when gauging markets.
Market Misperceptions
By , The Washington Times, 01/15/2009
MarketMinder's View: Sure, a “worst case scenario” is always possible. But all this is highly unlikely in an economy as ultimately resilient and productive as the US.
Market Misperceptions
By , The New York Times, 01/15/2009
MarketMinder's View: Folks will want to criticize or praise this bill—but there’s no way to know what it'll actually look like after it goes through many iterations.
Market Misperceptions
By , The New York Times, 01/15/2009
MarketMinder's View: Simply put: The stock market is, and will continue to be, a leading indicator. Official data will continue to be dour, but that doesn’t mean it must hold down stocks.
Market Misperceptions
By , Fortune, 01/15/2009
MarketMinder's View: “Now we’re seeing that things are even worse than anticipated.” We don’t think so. Folks have been calling for Armageddon for the last 18 months or so. Things aren’t great at the moment, but it’s hardly the end.
Sensible Stories
By , US News, 01/15/2009
MarketMinder's View: Exactly. Unemployment numbers will continue moving higher. But unemployment lags the market, and higher numbers don’t mean a bull market can’t begin.
Sensible Stories
By , Newratings.com, 01/15/2009
MarketMinder's View: Deflation fears remain unfounded as core PPI rises.
Market Misperceptions
By , Project Syndicate, 01/15/2009
MarketMinder's View:
We commented on an idea like this yesterday, markets like certainty—not experimentation.
Sensible Stories
By , The Guardian, 01/15/2009
MarketMinder's View: The wall of global fiscal stimulus continues. See our 12/24/2008 cover story, "Globalization's Sequel is Safe," for more.
Sensible Stories
By , The Wall Street Journal, 01/15/2009
MarketMinder's View: Sometimes we just want to say to all politicians “Don’t just do something, stand there!”
Sensible Stories
By , CNNMoney, 01/15/2009
MarketMinder's View: This was quite a surprise, but don’t expect Financials to do well for a long, long time.
Market Misperceptions
By , Financial Times, 01/14/2009
MarketMinder's View: Dismal holiday sales were expected, so this decline is no surprise. It’s important to remember that sales figures, like unemployment, are a lagging economic indicator and don’t necessarily tell us much about future stock moves.
Sensible Stories
By , Investor’s Business Daily, 01/14/2009
MarketMinder's View: We didn’t think so—trade deficits aren’t bad for the economy, or stocks.
Sensible Stories
By , The Wall Street Journal, 01/14/2009
MarketMinder's View: The Fed hasn’t run out of ammunition. Expect more from Bernanke and Co. in the near future. See our 12/7/2008 cover story, “Still Fighting the Good Fight,” for more.
Market Misperceptions
By , The Los Angeles Times, 01/14/2009
MarketMinder's View: Let’s hold calls for an even bigger stimulus plan until we know just how big the current one will be. We agree government intervention was needed to restore confidence and liquidity to capital markets—but that’s a far cry from calling for a federal overhaul of all transportation and infrastructure in the country.
Sensible Stories
By , Investor’s Business Daily, 01/14/2009
MarketMinder's View: A lower trade deficit isn’t necessarily a good thing for the stock market or the economy—in many cases, the opposite is true. However, this much is true, “the more and freer trade, the better.”
Market Misperceptions
By , Los Angeles Times, 01/14/2009
MarketMinder's View:
Government spending is fairly normal, but lots of “experimentation” can lead to economic uncertainty—something we’d like to avoid.
Market Misperceptions
By , Yahoo Finance, 01/13/2009
MarketMinder's View: Sure, current times are filled with challenges for any president, but we think it’s a little early for comments—good or bad—on what the president-elect will do.
Sensible Stories
By , Seeking Alpha, 01/13/2009
MarketMinder's View: “The stock market is a leading indicator of the economy, and the next bull market is likely to be well underway by the time that the headlines tell us unemployment is declining and better times are ahead.” We couldn’t agree more.
Market Misperceptions
By , The New York Times, 01/13/2009
MarketMinder's View:
Where it always is—with individuals. And guess what? Here’s another bad idea for how the government can get more of it.
Market Misperceptions
By , The Guardian , 01/13/2009
MarketMinder's View: Other than this being a catchy dance tune, you can ignore any forward-looking economic forecasting properties.
Sensible Stories
By , Bloomberg, 01/13/2009
MarketMinder's View: Global stimulus activity continues. Keep in mind: It will take time for Germany’s and other’s stimulus to be felt.
Market Misperceptions
By , San Francisco Chronicle, 01/13/2009
MarketMinder's View:
This is simply irrational. Short sellers, hedge funds, and day traders don’t have nearly the day-to-day market impact suggested here, nor were they responsible for the bulk of recent market volatility.
Sensible Stories
By , The Wall Street Journal, 01/13/2009
MarketMinder's View: The Index of Economic Freedom “…charts the path to economic advancement and proves that the best way forward is to hang onto our partner and step to the music of the market.” Good thing we have our dancing shoes on!
Market Misperceptions
By , Time, 01/13/2009
MarketMinder's View: Actually, studies have shown women are better investors long term because they trade less frequently, thereby making fewer errors.
Market Misperceptions
By , Times Online, 01/13/2009
MarketMinder's View:
And? The UK economy is about as big as it’s been in 312 years, but that little useless detail is of course omitted from this story. Trade deficits don’t tell you much about the direction of the stock market.
Sensible Stories
By , city-journal.org, 01/13/2009
MarketMinder's View: “Losses, it turns out, hurt twice as much as gains feel good, and it is our emotions—not our reason—driving our risk-taking decisions.” This is why so many investors don’t keep up with the market over time—they sacrifice long-term gains to avoid potential short-term losses.
Sensible Stories
By , The Wall Street Journal, 01/12/2009
MarketMinder's View: We don’t agree with all of this article, but the fact remains, when an economy (like California) makes itself less competitive via regulation and high taxes, businesses and people eventually move to better opportunities.
Market Misperceptions
By , The New York Times, 01/12/2009
MarketMinder's View:
How about letting consumers decide what they want?
Sensible Stories
By , The Wall Street Journal, 01/12/2009
MarketMinder's View: Protectionism would only exacerbate the situation.
Market Misperceptions
By , The Washington Post, 01/12/2009
MarketMinder's View:
We wonder if this is the same memo that went out to Fannie Mae and Freddie Mac?
Sensible Stories
By , Bloomberg, 01/12/2009
MarketMinder's View: The falling Libor rate indicates things continue to improve in the credit markets.
Market Misperceptions
By , The New York Times, 01/12/2009
MarketMinder's View: We disagree. Meaningful, lasting tax cuts can stoke more economic activity with less red tape and unintended consequences than increased government spending.
Market Misperceptions
By , Times Online, 01/12/2009
MarketMinder's View:
So let us get this straight—if you’ve been out of work for two weeks you’re at a disadvantage to someone who’s been out of work for 6+ months? We’d rather the government not decide who gets jobs.
Sensible Stories
By , Time, 01/12/2009
MarketMinder's View: A great look at how our brains aren’t designed to compute most large financial information, and how to cope.
Market Misperceptions
By , The Times, 01/12/2009
MarketMinder's View: “To say that this will last years is not a dramatic statement.” Wrong. Those who make decade-long forecasts are telling you more about what they don’t know than what they do. It simply isn’t possible for anyone to peer that far into the future.
Market Misperceptions
By , The Local, 01/12/2009
MarketMinder's View: Beer sales, rising or declining, are not a reliable economic indicator
Sensible Stories
By , The New York Times, 01/12/2009
MarketMinder's View: A good explanation of some of the potential pitfalls of a government spending program.
Sensible Stories
By , The Guardian, 01/09/2009
MarketMinder's View: Since the invention of the printing press, media has influenced the decisions we make but you probably shouldn’t listen too closely to philosophers and bishop’s views on the markets.
Market Misperceptions
By , BusinessWeek, 01/09/2009
MarketMinder's View: We highly doubt it. However, during bear market bottoms, news stories about fraud do rise as embattled investors look to shun regret and point fingers.
Market Misperceptions
By , Reuters, 01/09/2009
MarketMinder's View: No one likes a weak economy. However, for a moment, let’s consider the absurdity of economic weakness leading to societal weight gain.
Market Misperceptions
By , CNN Money, 01/09/2009
MarketMinder's View: We agree in general a market-fix is far preferable to government action. But any commentary on a stimulus bill that isn’t even written, from a president who hasn’t stepped foot in the White House is premature, to say the least.
Sensible Stories
By , Yahoo Finance, 01/09/2009
MarketMinder's View: “It makes sense, then, that conspiracy theories become more popular in bad or stressful times.” Don’t fall prey.
Market Misperceptions
By , Reuters, 01/09/2009
MarketMinder's View: Unemployment will likely move higher from here. But this is backwards logic—unemployment is a lagging indicator. See today’s cover story, “Reverse Logic” for more. 
Sensible Stories
By , The Wall Street Journal, 01/09/2009
MarketMinder's View: India now has the opportunity not to repeat the policy errors made in the US by introducing a regulatory burden like Sarbanes-Oxley.
Sensible Stories
By , Bloomberg, 01/09/2009
MarketMinder's View: Actually, stocks will likely rally well before the economy “stabilizes” but this is generally about right.
Sensible Stories
By , International Herald Tribune, 01/09/2009
MarketMinder's View: An agreement still has yet to be reached between Russia and Ukraine. See our 1/8/09 cover story, “Pipeline Politics” for more.
Sensible Stories
By , International Business Times, 01/09/2009
MarketMinder's View: We continue to see a wall of monetary and fiscal stimulus globally.
Market Misperceptions
By , The Telegraph, 01/09/2009
MarketMinder's View:
Doesn’t this ignore the consequences of artificially propping up the property markets?
Market Misperceptions
By , The New Zealand Herald, 01/08/2009
MarketMinder's View: Oddly enough, the demise of Elvis impersonators is now an economic indicator to some.
Market Misperceptions
By , The New York Times, 01/08/2009
MarketMinder's View: More regulation is not the answer. See our 01/05/2009 column, “Deregulaton…Regulation…What’s the Difference?” for more.
Sensible Stories
By , Real Clear Markets, 01/08/2009
MarketMinder's View: We’ve said it time and again: Government numbers are lagging or coincident indicators, so while the numbers may be scary, they mean little for markets looking ahead.
Sensible Stories
By , The Motley Fool, 01/08/2009
MarketMinder's View: It’s true, though they may still go down some from here, stocks are cheaper now than they have been for a long time.
Sensible Stories
By , The Financial Times, 01/08/2009
MarketMinder's View: Banks around the world continue to take measures to provide liquidity.
Sensible Stories
By , The Wall Street Journal, 01/08/2009
MarketMinder's View: Talk about making the situation worse—we hope there is more bark than bite to this one.
Sensible Stories
By , Financial Times, 01/08/2009
MarketMinder's View: This is an interesting analogy and also reminds us recessions are not forever and that we emerge stronger from them.
Market Misperceptions
By , bostonreview.com, 01/08/2009
MarketMinder's View: Here’s what we wonder—how many people who support higher taxes have voluntarily written checks to the Treasury Department? That’s what we thought.
Sensible Stories
By , The Economist, 01/08/2009
MarketMinder's View: A good perspective on emerging markets and their place in today’s global economy. Developing regions are not simply reliant on developed ones anymore—they now have burgeoning middle classes with their own demands for goods.
Market Misperceptions
By , The Wall Street Journal, 01/08/2009
MarketMinder's View: Some good points, others we disagree with. Principally, during or after bear markets it’s typical to recommend higher proportions of cash over stocks. If your time horizon is long, we caution against this—the opportunity costs can be very steep.
Market Misperceptions
By , Financial Times, 01/07/2009
MarketMinder's View: Yes. Choices we make in 2009 will shape the globe’s destiny forever. Pretty much like they do in any other year.
Market Misperceptions
By , The Wall Street Journal, 01/07/2009
MarketMinder's View: We agree a bull market is likely in the making. However, calling three trading days a “turnaround” is horrifically short-sighted and in no way indicates a longer-term trend.
Sensible Stories
By , Bloomberg, 01/07/2009
MarketMinder's View: Simply put, the economy goes down until it goes up again. But folks will feel like it will only go down forever. Pretty much always been that way. But that gloomy sentiment doesn’t mean a recovery won’t happen.
Market Misperceptions
By , The Wall Street Journal, 01/07/2009
MarketMinder's View: Expect gloomy official news to continue for some time. It doesn’t mean the market can’t begin its next bull surge—markets lead the recovery
Sensible Stories
By , The American Spectator, 01/07/2009
MarketMinder's View: “Tax Cuts” only have a stimulative effect when they involve a reduction in rates.
Market Misperceptions
By , The Telegraph, 01/07/2009
MarketMinder's View: We agree that major protectionism would be disastrous but we see a return to anything relating to the Smoot-Hawley tariffs as very unlikely.
Market Misperceptions
By , Forbes, 01/07/2009
MarketMinder's View: It’s far too early to make any comments on a stimulus “bill” that doesn’t exist yet from a president who isn’t on the job yet.
Sensible Stories
By , Financial Times, 01/07/2009
MarketMinder's View: “Our historical experience gives us a clear instruction: we always need more of markets and less of government intervention. We also know that government failure is more costly than market failure.”
Sensible Stories
By , The Wall Street Journal, 01/06/2009
MarketMinder's View: “Contrary to popular and political opinion, banks have not stopped lending.” Exactly.
Market Misperceptions
By , Bloomberg, 01/06/2009
MarketMinder's View: We don’t know where gold will go in 2009—commodities prices fluctuate widely in short periods. We are sure, however, it isn’t “perfect insurance” as an investment. No such thing exists.
Market Misperceptions
By , The New York Times, 01/06/2009
MarketMinder's View: It’s easy to extrapolate current difficulties out indefinitely but this ignores the fact that recessions come and go—the latter being the part that most can’t fathom during times of difficulty.
Market Misperceptions
By , Bloomberg, 01/06/2009
MarketMinder's View: It’s simply too early to speculate on this. Much can happen between now and the time this initiative actually materializes. Obama hasn’t even taken office.
Sensible Stories
By , US News, 01/06/2009
MarketMinder's View: We don’t agree with everything, but the basic premise that bailouts often don’t solve larger problems and stifle innovation is an important one.
Sensible Stories
By , The Times , 01/06/2009
MarketMinder's View: Short selling is a legitimate investing technique, and banning it clearly didn’t do much to quell last year’s market volatility.
Market Misperceptions
By , The Times , 01/06/2009
MarketMinder's View:
Car deals are now a doomsday sign? We don’t think so.
Sensible Stories
By , Economist.com, 01/05/2009
MarketMinder's View: Yes we are! It’s important to remember that equities should rebound well in advance of the economy.
Market Misperceptions
By , Newsweek, 01/05/2009
MarketMinder's View:
This is quite wrong. There has already been a wall of near-coordinated fiscal and monetary stimulus globally, all without some super-global regulatory body.
Market Misperceptions
By , The Wall Street Journal, 01/05/2009
MarketMinder's View: Those who wait for economic rebound signs will likely miss out on huge stock market gains—historically, stock markets lead economic recoveries. See our 11/4/2008 cover story, “The Ultimate Leading Economic Indicator,” for more.
Market Misperceptions
By , The Wall Street Journal, 01/05/2009
MarketMinder's View: Somehow, an entire generation watched MacGyver without blowing themselves up with bombs made from paperclips and potted plants. It’s probably safe to excuse reality TV from causing the current economic malaise.
Sensible Stories
By , Barron’s, 01/05/2009
MarketMinder's View: The idle money in money market funds needs to go somewhere—perhaps the stock market?
Market Misperceptions
By , The Motley Fool, 01/05/2009
MarketMinder's View: Maybe yes, maybe no. But this puts the cart before the horse. Stock markets generally lead the economy, not the reverse.
Sensible Stories
By , The Wall Street Journal, 01/05/2009
MarketMinder's View: Hard to argue with that.
Sensible Stories
By , The Wall Street Journal, 01/05/2009
MarketMinder's View: We’re all for cutting taxes. But how this ultimately plays out is very much up in the air.
Sensible Stories
By , Barron’s, 01/05/2009
MarketMinder's View: Market-based solutions, while generally never neat and tidy, are vastly preferable to government solutions because “market institutions will fail us least of all.”
Market Misperceptions
By , The New York Times, 01/05/2009
MarketMinder's View:
We have a very, very long way to go before we can even begin to call today’s turmoil “Great Depression II”.
Sensible Stories
By , The Motley Fool, 01/05/2009
MarketMinder's View: Not a chance. (Though don’t be fooled into thinking dividend-paying stocks are inherently superior. No class of stocks is better than another in the long term.)
Market Misperceptions
By , Real Clear Markets, 01/02/2009
MarketMinder's View:
It’s hard to know when the economy will begin its recovery, but given the wall of recent global economic and monetary stimulus, it’s hard to see the extremely dour predictions herein as correct.
Sensible Stories
By , The Motley Fool, 01/02/2009
MarketMinder's View: The stock market can provide for a bumpy ride, but now is a time to be fully invested, not demur.
Market Misperceptions
By , Learning Markets, 01/02/2009
MarketMinder's View: It’s simply not true dividend-paying stocks are inherently better—all stock categories trade leadership over time. Properly accounted for, all stock categories should have similar returns over long periods. And if your dividend-paying stock falls in value, so does the dividend you receive.
Market Misperceptions
By , MarketWatch, 01/02/2009
MarketMinder's View: While we agree a new bull market is either underway or will be in the near future, trying to time bottoms is as perilous, if not more so, than trying to perfectly time tops. Bull markets start with a huge bang, so it’s best to hang in there and wait for the bang.
Market Misperceptions
By , The Wall Street Journal, 01/02/2009
MarketMinder's View:
It’s typical at bear market bottoms to hail perma-bears as prescient geniuses—stopped clocks who eventually get lucky enough one year to be right.
Sensible Stories
By , SmartMoney, 01/02/2009
MarketMinder's View: The worst may or may not be behind us, but it’s true that stocks do look relatively very cheap.