Home → Fisher Investments MarketMinder Headlines → 03-2009 Archives

Market Misperceptions
By , Reuters, 03/31/2009
MarketMinder's View: More dour hyperbole about the global economy.
Market Misperceptions
By , Times Online, 03/31/2009
MarketMinder's View:
Temporary protectionism in the short run is like prescribing heroin - addictive and destructive.
Sensible Stories
By , The Wall Street Journal, 03/31/2009
MarketMinder's View: Global stimulus continues. The IMF is in overdrive and has lent about $50 billion to countries in need.
Sensible Stories
By , Financial Times, 03/31/2009
MarketMinder's View: On Tuesday, Japan laid out plans for new stimulus.
Sensible Stories
By , The Wall Street Journal, 03/31/2009
MarketMinder's View: We couldn’t agree more—this should be dealt with in the courts, not by politicians.
Sensible Stories
By , CNN Money, 03/31/2009
MarketMinder's View: “The point is that if you invest only when stock prices are on a roll and abstain when they're in the dumps, you'll be buying in only when stocks are selling at the high end of their value range and missing the bargains.”
Market Misperceptions
By , The Motley Fool, 03/31/2009
MarketMinder's View: True, today’s world isn’t rosy. But continued calls for a second Great Depression are overwrought.
Sensible Stories
By , Pittsburgh Tribune, 03/31/2009
MarketMinder's View: Some sensible questions worth asking before big government interventions.
Market Misperceptions
By , The Wall Street Journal, 03/31/2009
MarketMinder's View: There simply is no denying the vast interconnectedness of today’s global economy.
Sensible Stories
By , BusinessWeek, 03/31/2009
MarketMinder's View: Scapegoat or not, ousting GM’s Wagoner doesn’t necessarily fix anything, and bankruptcy is looking more and more like the best option. See today’s commentary, “Tick Tock, Autos,” for more.
Market Misperceptions
By , The Wall Street Journal, 03/30/2009
MarketMinder's View: Speculation about the probability (or lack thereof) of an impending depression continues, but as this article points out, the current economic environment and the policy response to it are vastly different from the Great Depression.
Market Misperceptions
By , The New York Times, 03/30/2009
MarketMinder's View: No one can predict the future. If an asteroid hits tomorrow, all bets are off. But barring wild assumptions about improbable events, history shows “stocks over periods of 30 or more years have almost always outperformed other asset classes.”
Sensible Stories
By , Bloomberg, 03/30/2009
MarketMinder's View: The Fed continues to take action to stimulate the economy.
Sensible Stories
By , The Wall Street Journal, 03/30/2009
MarketMinder's View: It’s unlikely any significant agreements will be reached at this week’s G-20 summit—typical of this type of event.
Sensible Stories
By , Real Clear Markets, 03/30/2009
MarketMinder's View: The American desire to promote and reward entrepreneurial activity should be supported by government.
Sensible Stories
By , Financial Times, 03/30/2009
MarketMinder's View: “A recovery of the equity market, driven largely by a receding of fear, may well be a seminal turning point of the crisis.”
Market Misperceptions
By , The Wall Street Journal, 03/30/2009
MarketMinder's View: People seem able to accept that markets can fall big, but on the upside, markets can only yield their long-term averages. Down big? Sure! Happens all the time! Up big? No way! Impossible!
Market Misperceptions
By , Time, 03/30/2009
MarketMinder's View: Exaggerated job loss forecasts should not be an obstacle to a potentially beneficial Chapter 11 bankruptcy for auto companies.
Sensible Stories
By , The Wall Street Journal, 03/30/2009
MarketMinder's View: If you’re wondering what protectionism looks like, just look for the color green.
Market Misperceptions
By , The New York Times, 03/30/2009
MarketMinder's View:
Whilst they might do so behind closed doors, most people would like to emulate the American economy more than any other. Lost credibility – we don’t think so.
Sensible Stories
By , Financial Times, 03/30/2009
MarketMinder's View: As we’ve been saying for a while now—equities will rebound well before the economy does.
Market Misperceptions
By , The New York Times, 03/30/2009
MarketMinder's View:
Mistakes have been made in the US and overseas, but suggesting the US economy is a fraud…c’mon.
Sensible Stories
By , The Wall Street Journal, 03/30/2009
MarketMinder's View: Some cities have been hit harder by the recession than others, but this article highlights a few that are faring better.
Sensible Stories
By , CNNMoney, 03/30/2009
MarketMinder's View: A vastly oversimplified but still informative overview of major countries’ actions to address the financial crisis.
Sensible Stories
By , Financial Times, 03/30/2009
MarketMinder's View: We’ve said for some time a pre-packaged Chapter 11 bankruptcy is the best option for struggling US automakers. This appears to be the path they’re finally on.
Sensible Stories
By , The Wall Street Journal, 03/27/2009
MarketMinder's View: If politicians in the US are going to block individuals and companies from trading freely with their counterparts in South Korea, we certainly can’t blame the South Koreans for seeking opportunities elsewhere.
Market Misperceptions
By , Financial Times, 03/27/2009
MarketMinder's View: Hardly. Sure, there’s risk involved with any investment, but if you’re a long-term investor, equities are likeliest to provide superior returns over cash and bonds. Historically, stocks beat bonds in 97% of 20-year rolling periods.
Market Misperceptions
By , The New Zealand Herald, 03/27/2009
MarketMinder's View: We agree trade barriers are anathema to the healthy functioning of the world economy. But so far, all we’ve seen is a lot of heated rhetoric—typical during recessions.
Market Misperceptions
By , Time, 03/27/2009
MarketMinder's View: They sure do! But “drastic changes” can be made through Chapter 11 bankruptcy allowing ample room for restructuring. Pumping more government funds into automakers likely won’t bring any productive changes.
Market Misperceptions
By , Time, 03/27/2009
MarketMinder's View: Really? The only thing keeping four-year-olds from becoming airline pilots is regulation? Really? Without regulations, airlines would willy-nilly hire four-year-olds? That’s what’s keeping four-year-olds from the controls? And really? “People are not intelligent enough to take care of themselves.” Not only is this fundamentally wrong, it’s insulting.
Market Misperceptions
By , The New York Times, 03/27/2009
MarketMinder's View:
“I don’t think this is just a financial panic; I believe that it represents the failure of a whole model of banking, of an overgrown financial sector that did more harm than good.” Well OK, but the hundreds of millions of people who’ve ever gotten a mortgage, car loan, college loan, or credit card probably disagree.
Market Misperceptions
By , The New York Times, 03/27/2009
MarketMinder's View:
Don’t lose too much sleep worrying about the price of oil 5 years from now.
Sensible Stories
By , The Telegraph, 03/27/2009
MarketMinder's View: The EU is jumping on the monetary stimulus bandwagon and seems set to start quantitative easing—we welcome them with open arms!
Market Misperceptions
By , The Wall Street Journal, 03/27/2009
MarketMinder's View: This is a popular view—but we’re not sure this proposal is so very bad. We can see definite benefits to having a body tasked with providing conservatorship for failing non-bank Financials. It’d be better than the muddled federal ownership we’ve witnessed with AIG. See today’s cover story, “Yogic Wisdom,” for more.
Sensible Stories
By , Financial Times, 03/27/2009
MarketMinder's View: A lesson from our friends across the pond. Learn from the Brits—there’s nothing to fear about national debt!
Sensible Stories
By , The New York Times, 03/27/2009
MarketMinder's View: We agree with the Oracle of Hong Kong!
Sensible Stories
By , Financial Times, 03/27/2009
MarketMinder's View: “Judging a recession is like walking down uneven stairs in the dark. We do not know how far down we must still go, only how far we have come. The end of the recession will not be clear until we are some way past it.” Agreed. And historically, the stock market recovers well before the economy.
Market Misperceptions
By , CNNMoney, 03/26/2009
MarketMinder's View: There’s no doubt the Fed will need to withdraw some of the massive liquidity it’s injected into financial markets or risk inflation, but run-away prices aren’t likely to be a significant concern for some time.
Market Misperceptions
By , The Wall Street Journal, 03/26/2009
MarketMinder's View: No administration can turn its back on the business community for long. A weakening economy doesn’t result in many votes—and finding a politician who doesn’t want to be reelected is like finding a bee that doesn’t like honey.
Sensible Stories
By , Forbes.com, 03/26/2009
MarketMinder's View: Every time the government intervenes, market efficiency is undermined.
Sensible Stories
By , The New York Times, 03/26/2009
MarketMinder's View: A single regulatory agency will likely be good for markets, but we’re not too sure about the additional “comprehensive reform” and impacts it may have. Investors should keep an eye on developments.
Market Misperceptions
By , Time, 03/26/2009
MarketMinder's View: Isn’t a less bad economy the first step to an improving economy? Whether or not the economy improves in the near future, the stock market will discount improving economic conditions before they appear in the headlines.
Sensible Stories
By , MarketWatch, 03/26/2009
MarketMinder's View: While some are calling this recent upswing a “bear market rally,” a stock market recovery may be in the works, assuming no unforeseen catastrophic event hits us upside the head.
Sensible Stories
By , CNNMoney, 03/26/2009
MarketMinder's View: “Investment wisdom begins with the realization that it’s the decades, not the days, that matter.” We couldn’t have said it better. See our 11/17/2008 cover story, “Invest for the Future, Not the Present,” for more.
Market Misperceptions
By , The Washington Post, 03/26/2009
MarketMinder's View: Tax increases tend to hurt more than help economies in general, even if they’re only aimed at a small portion of the population.
Market Misperceptions
By , The Washington Post, 03/26/2009
MarketMinder's View: Yes, the US government made some huge initial missteps in handling the financial crisis. But equating the US to emerging markets is an enormous stretch. For more, see our cover stories, “On Borrowed Dime” (02/05/2009) and “Mountains of Money” (01/28/2009).
Market Misperceptions
By , The Wall Street Journal, 03/26/2009
MarketMinder's View: Bad economic news, no doubt. But remember: The stock market will show signs of improvement well before the economy does. See our 11/04/2008 cover story, “The Ultimate Leading Economic Indicator,” for more.
Market Misperceptions
By , CFO.com, 03/26/2009
MarketMinder's View: Hello, pot, please meet kettle. Rep. Barney Frank clearly doesn’t own a mirror. As we’ve seen, political wrangling, as much as anything, wreaks havoc on markets.
Sensible Stories
By , The Wall Street Journal, 03/26/2009
MarketMinder's View: Bear raids might have contributed to some of the turmoil we’ve seen in financial markets, but we’d stop short of suggesting the government sell swaps. Instead, why not change the way financial firms must value their assets? Fortunately, changes to mark-to-market accounting rules are moving in that direction.
Market Misperceptions
By , MarketWatch.com, 03/26/2009
MarketMinder's View:
Some people are buying, others are selling – Doesn’t this have to happen every day?
Market Misperceptions
By , Breitbart.com, 03/26/2009
MarketMinder's View: And now the government is trying to regulate football. What next? Regulating how much cheese the concessionaire puts on our nachos at the game?
Market Misperceptions
By , The Wall Street Journal, 03/26/2009
MarketMinder's View: This old fight again? Raising taxes on the oil industry will likely lead to less spending on oil technology and infrastructure, fewer viable oil discoveries, and higher energy prices in the long run.
Market Misperceptions
By , Telegraph, 03/25/2009
MarketMinder's View: Sleeping on a different couch every night of your business trip? Sounds miserable. But it’s not purely a by-product of today’s global economic state.
Market Misperceptions
By , Telegraph, 03/25/2009
MarketMinder's View: A failed gilt auction is not ideal, but don’t throw the baby out with the bathwater! This doesn’t mean stimulus efforts on the whole won’t have effect.
Sensible Stories
By , The Financial Times, 03/25/2009
MarketMinder's View: “Failing to pay homage to free trade would be a very bad sign – and might open the door to much more rampant protectionism.” – Whilst largely rhetoric, it is at least encouraging to think governments seem to understand the dangers of protectionism.
Market Misperceptions
By , TheStreet.com, 03/25/2009
MarketMinder's View: No matter how you feel about the AIG bonuses, whimsically changing the rules to which firms must adhere can have severe unintended consequences. For more, see our cover story, “In AIGony,” (3/20/2009).
Sensible Stories
By , Los Angeles Times, 03/25/2009
MarketMinder's View: The Fed’s quick to get the ball rolling on their plan to buy Treasuries in an effort to keep a lid on long-term interest rates.
Sensible Stories
By , The Wall Street Journal, 03/25/2009
MarketMinder's View: As the public/political outcry dies down, so does the impetus behind an ill-conceived bill.
Market Misperceptions
By , Bloomberg, 03/25/2009
MarketMinder's View: Yes, the economy is in a serious funk. Does that mean banks need to be nationalized en masse? Absolutely not. And whether or not the proposed public-private partnership to buy legacy assets from banks is the solution to the financial system’s woes, it’s more than premature to call it a “pretty bad deal for taxpayers” without knowing anything about the price to be paid for these assets.
Sensible Stories
By , Globe and Mail, 03/25/2009
MarketMinder's View: There would be many political and economic obstacles to overcome before a new global currency could be implemented. We see little if any cause for concern. For more, see today’s cover story, “Short One Alien Invasion.”
Sensible Stories
By , Real Clear Markets, 03/25/2009
MarketMinder's View: Outside Washington “…is the economy where people come up with wacky ideas, take risks, work hard, and rarely expect anything of government except that it do the basics well and leave them otherwise free to dance to their own beat.”
Sensible Stories
By , The Wall Street Journal, 03/25/2009
MarketMinder's View: A strike against protectionism as world leaders prepare to discuss the global economy and trade at the G20 summit.
Market Misperceptions
By , The Washington Post, 03/25/2009
MarketMinder's View:
Rather than breaking the economy down, we should be thinking globally.
Sensible Stories
By , Guardian, 03/25/2009
MarketMinder's View: An interesting guide to understanding the massive numbers (with all those zeros!) we keep hearing about.
Market Misperceptions
By , The Wall Street Journal, 03/24/2009
MarketMinder's View: “MTM accounting isn't perfect . . .” No kidding. We think mark-to-market is generally fine, but rigid adherence, particularly for tough-to value assets intended to be held to maturity, has caused major market disruptions. See our 03/11/2009 cover story, “Fahrenheit 157.”
Sensible Stories
By , Bloomberg, 03/24/2009
MarketMinder's View: “We heard many economists say doing something is better than doing nothing. That’s exactly backwards. Doing nothing is much better than doing something random.” Have to agree with that.
Market Misperceptions
By , International Herald Tribune, 03/24/2009
MarketMinder's View: Trade barriers are a negative, no doubt, but this talk so far has largely been just hot air—typical during recessions.
Market Misperceptions
By , Reuters, 03/24/2009
MarketMinder's View: What’s marvelous about economists is they’ve predicted 11 of the last 3 recessions.
Sensible Stories
By , Investor’s Business Daily, 03/24/2009
MarketMinder's View: “The plan that Geithner formally unveiled on Monday wasn't the worst.” It’s true. The government’s plan needn’t be perfect—no chance of that! It just has to be something more certain so the market can start pricing actual risk instead of reacting to heightened uncertainty. For more, see today’s cover story “Public-Private Teamwork.”
Sensible Stories
By , Chicago Sun-Times, 03/24/2009
MarketMinder's View: Yep . . . the stock market generally leads the broader economic market. For more, see our 11/4/2008 cover story, “The Ultimate Leading Economic Indicator.”
Sensible Stories
By , Kiplinger, 03/24/2009
MarketMinder's View: “Markets rebound when things are gloomiest. If you sit on the sidelines, you’ll miss out on big gains.” Amen!
Market Misperceptions
By , The Wall Street Journal, 03/24/2009
MarketMinder's View:
Neither Caps nor Carbon taxes represent good policy. The market demand for clean energy should be as a result of economic viability.
Sensible Stories
By , The New York Times, 03/24/2009
MarketMinder's View: Global growth is boosted through free trade agreements not the increasing levels of protectionism we have seen.
Market Misperceptions
By , The Washington Post, 03/24/2009
MarketMinder's View: Sure. China is so worried about the US economy, it’s just ponied up for more US Treasuries. We find this storyline a bit overwrought.
Market Misperceptions
By , The Washington Post, 03/24/2009
MarketMinder's View: We’re not sure why a hedge fund should get a government bailout if it fails. That’s the very nature of a hedge fund—it’s designed to take a certain degree of risk knowing if bets go awry it can fail.
Sensible Stories
By , The Wall Street Journal, 03/23/2009
MarketMinder's View: The potential dangers of ignoring contracts for the US economy.
Market Misperceptions
By , CNNMoney, 03/23/2009
MarketMinder's View:
Absolutely—the chances of the US government defaulting on its debts is essentially nil. See our 03/18/2009 cover story, “Debt-jà Vu,” for more.
Sensible Stories
By , The Wall Street Journal, 03/23/2009
MarketMinder's View: “When the market economy is compared to alternatives, nothing is better at raising productivity, reducing poverty, improving health and integrating the people of the world.” – We could do much worse than remember this right now.
Market Misperceptions
By , The Financial Times, 03/23/2009
MarketMinder's View:
“The forthcoming Group of 20 meeting is a make-or-break event.” – This seems unlikely given previous G20 meetings. More frequently they serve as an opportunity for political grandstanding rather than action.
Sensible Stories
By , Associated Press, 03/23/2009
MarketMinder's View: Fears the US will default on its Treasuries are overblown, as evidenced by China’s continued purchases of US debt. See our 03/18/2009 cover story, “Debt-jà Vu,” for more.
Market Misperceptions
By , Reuters, 03/23/2009
MarketMinder's View: Consumer sentiment is always backward-looking—it doesn’t tell us anything about where the forward-looking stock market is headed.
Sensible Stories
By , SmartMoney, 03/23/2009
MarketMinder's View: “All fingers point to Washington as the catalyst for this skittish market.” And well they should—markets hate uncertainty, and Washington’s waffling has created plenty of uncertainty in recent months. See our 03/17/2009 cover story, “The Inscrutable Federal Mind,” for more.
Sensible Stories
By , The New Yorker, 03/23/2009
MarketMinder's View: Heavy taxation of bonuses might appease angry folks but it certainly won’t help stimulate the economy.
Sensible Stories
By , SmartMoney, 03/23/2009
MarketMinder's View: Heavily taxing contractually promised bonuses is a political move, not smart economic policy, and could hurt more than help. See our 03/20/2009 cover story, “In AIGony,” for more.
Market Misperceptions
By , Bloomberg, 03/23/2009
MarketMinder's View: Such action might appease taxpayers in the short term, but it doesn’t bode well for firms’ ability to retain top talent.
Sensible Stories
By , Bloomberg, 03/23/2009
MarketMinder's View: The Public-Private Investment Program is a good idea in theory, but private investors could be wary of investing in institutions under heavy government control.
Sensible Stories
By , The New York Times, 03/23/2009
MarketMinder's View: The shadow of protectionism is worrisome because the health of the global economy depends on free trade. Further developments should be closely watched.
Market Misperceptions
By , San Francisco Chronicle, 03/23/2009
MarketMinder's View: We fail to see how a more globally integrated economy is bad for the Western world. Stronger emerging economies mean a stronger global economy, which benefits everyone.
Market Misperceptions
By , The Wall Street Journal, 03/23/2009
MarketMinder's View:
Debt isn’t necessarily bad. The optimal capital structure for governments and businesses alike almost never includes zero debt.
Sensible Stories
By , Financial Times, 03/20/2009
MarketMinder's View: “The so-called capitalist greed that motivated business people and ambitious workers helped hundreds of millions to climb out of grinding poverty.” Amen—capitalism is a force for good.
Market Misperceptions
By , The New York Times, 03/20/2009
MarketMinder's View: Charities and non-profits likely won’t be pleased when their primary source of funding dries up. Monty Python said it best, “Blimey, this redistribution of wealth is trickier than I thought!”
Market Misperceptions
By , 03/20/2009
MarketMinder's View:
“…only if we recognize and embrace the necessity of government intervention.” We know our readers saw that coming a mile away. We can think of only a few things that might be wrong with state-run news outlets.
Sensible Stories
By , The Wall Street Journal, 03/20/2009
MarketMinder's View: Every bear market needs a scapegoat.
Sensible Stories
By , The Washington Post, 03/20/2009
MarketMinder's View: Politicians obsess over trivialities? What a shock!
Sensible Stories
By , Bloomberg, 03/20/2009
MarketMinder's View: The controversy surrounding AIG is messy, but markets have likely already priced in the effects. See today’s cover story, “In AIGony,” for more.
Sensible Stories
By , The Washington Post, 03/20/2009
MarketMinder's View: A classic example of being caught between a rock and a hard place—the government can’t simultaneously help and punish banks to get them to lend more. See our 03/17/2009 cover story, “The Inscrutable Federal Mind,” for more.
Sensible Stories
By , Investor’s Business Daily, 03/20/2009
MarketMinder's View: Protectionsim spurring a trade war? Who saw that coming?
Market Misperceptions
By , CNN Money, 03/20/2009
MarketMinder's View: Bad news, no doubt. But remember, historically, stock prices bottom and recover before other economic data do.
Market Misperceptions
By , The Washington Post, 03/20/2009
MarketMinder's View: Simply put, the total amount of the bonuses is less than 1% of the total bailout funds AIG received—this relatively tiny amount is unlikely to affect stocks broadly. See today’s cover story, “In AIGony,” for more.
Market Misperceptions
By , The New York Times, 03/20/2009
MarketMinder's View: While we agree more centralized regulation would help more than hurt, the call for more regulation is misguided. Government intervention usually results in unintended, negative consequences.
Sensible Stories
By , Time, 03/19/2009
MarketMinder's View: Large mergers and acquisitions are beginning to sprout up.
Sensible Stories
By , Financial Times, 03/19/2009
MarketMinder's View: Piling on another layer of regulation, albeit this one attempting to be global, won’t cure our financial ills or prevent economic problems in the future—it only adds more bureaucracy to an already crowded arena.
Sensible Stories
By , The Globe and Mail, 03/19/2009
MarketMinder's View: A full breakdown of Europe’s fiscal and monetary stimulus efforts.
Sensible Stories
By , International Herald Tribune, 03/19/2009
MarketMinder's View: The unprecedented size and scope of monetary and fiscal stimulus continues. See today’s cover story, “A Fed to Be Reckoned With,” for more.
Sensible Stories
By , US News, 03/19/2009
MarketMinder's View: Some basic logic on the effects of mark-to-market accounting rules.
Sensible Stories
By , Fast Company, 03/19/2009
MarketMinder's View: Opening up to foreign investment and embracing the private sector? Music to our ears!
Sensible Stories
By , The Wall Street Journal, 03/19/2009
MarketMinder's View: Worthwhile context for today’s world and bear markets past.
Market Misperceptions
By , The Times , 03/19/2009
MarketMinder's View: “The figures will add to the headache at the Treasury…” We disagree. In fact, budget deficits have never portended economic or market doom.
Market Misperceptions
By , The Australian, 03/19/2009
MarketMinder's View: “It's an ominous day when the world's economic superpower starts printing money to buy its own government's debt.” Increasing the money supply doesn’t necessarily say anything about impending market or economic doom. Today, monetary stimulus is a good and appropriate thing.
Sensible Stories
By , The Globe and Mail, 03/19/2009
MarketMinder's View: This is something to keep an eye on. The EU and its member states have provided stimulus in recent months, but to a much lesser degree than the US, Japan, UK, and others.
Market Misperceptions
By , Bloomberg, 03/19/2009
MarketMinder's View: The stock market will always be the ultimate leading economic indicator. See our 11/04/2008 cover story “The Ultimate Leading Economic Indicator” for more.
Market Misperceptions
By , MSNBC.com, 03/19/2009
MarketMinder's View:
By not agreeing on anything? Ironically, this one of the best outcomes we could’ve imagined. The less interference the better. 
Sensible Stories
By , Real Clear Markets, 03/18/2009
MarketMinder's View: Marrying near term political expedience with the running of businesses never yields good results.
Market Misperceptions
By , Bloomberg.com, 03/18/2009
MarketMinder's View:
Exactly—but just as with Seinfeld, this leads to great results and shouldn’t be seen as a bad thing. The market doesn’t want big, bold action by government, it wants government to get out of the way. 
Sensible Stories
By , The Wall Street Journal, 03/18/2009
MarketMinder's View: Heavy taxation restricts economic growth.
Market Misperceptions
By , The Wall Street Journal, 03/18/2009
MarketMinder's View: Despite Premier Wen’s publicized concerns, recent reports show foreign investment in US debt continues. For more, see today’s cover story, “Debt-jà Vu.”
Market Misperceptions
By , Reuters, 03/18/2009
MarketMinder's View: A massive shift out of equities by all participants is on the horizon? We must disagree.
Sensible Stories
By , The Times, 03/18/2009
MarketMinder's View: A look at the aggregate benefits of free trade.
Sensible Stories
By , BBC News, 03/18/2009
MarketMinder's View: Japan moves ahead with its quantitative easing strategy. Global monetary and fiscal stimulus continues.
Market Misperceptions
By , Bloomberg, 03/18/2009
MarketMinder's View: We find it unlikely the US government is repeating Japan’s mistakes of the 1990s. For more, see our 12/19/2008 cover story, “America’s Lost Decade?”
Market Misperceptions
By , Bloomberg, 03/18/2009
MarketMinder's View: The stock market can’t be in a real recovery because the economic picture still looks bad? Whether or not this rally is for real, that reasoning is false! The stock market will lead the recovery. For more, see our cover story, “The Ultimate Leading Economic Indicator,” (11/04/2008).
Sensible Stories
By , US News, 03/18/2009
MarketMinder's View: While no one can be sure if we’re on the path to recovery quite yet, we agree potential new FASB guidance on mark-to-market likely wouldn’t hurt recent market trends.
Sensible Stories
By , Reuters, 03/18/2009
MarketMinder's View: The economy is weak—and will likely become more so before earnest recovery—but there are signs Armageddon/Depression scenarios are overwrought.
Sensible Stories
By , The Wall Street Journal, 03/17/2009
MarketMinder's View: We agree this is a pretty silly idea. But in our view, government-backed firms will inevitably perform worse than wholly private firms.
Sensible Stories
By , The Wall Street Journal, 03/17/2009
MarketMinder's View: Government planning of markets is somewhat like a cat chasing its own tail.
Sensible Stories
By , The New York Times, 03/17/2009
MarketMinder's View: The desire to continuously raise our levels of prosperity is precisely why this recession will come to an end.
Sensible Stories
By , Bloomberg, 03/17/2009
MarketMinder's View: This is basically what TARP was intended to do, and it’s nothing to fear. See our 2/5/2009 cover story, “On Borrowed Dime” for more.
Market Misperceptions
By , MarketWatch, 03/17/2009
MarketMinder's View: “Revising mark-to-market would come back to haunt us.” Nonsense. The fair value rule, imposed November 2007, has caused considerable market disruption. At the very least, revising it now would prevent similar disruption in the future.
Market Misperceptions
By , International Herald Tribune, 03/17/2009
MarketMinder's View: Maybe you don’t like executives getting bonuses, but it’s frankly silly for the US government to get involved in the nitty gritty of employee compensation. Whose compensation are they going to decide they don’t like next? Yours?
Market Misperceptions
By , The Wall Street Journal, 03/17/2009
MarketMinder's View: What do you know? “Shovel-ready” projects aren’t so ready.
Market Misperceptions
By , MSN Money, 03/17/2009
MarketMinder's View:
We don’t know if we’ve hit the bottom yet but try and time it and you’ll likely miss some significant upside. We’ve said it before but it’s worth reiterating, markets move upwards before the economy does.
Market Misperceptions
By , The Wall Street Journal, 03/17/2009
MarketMinder's View: Enough is enough. Just allow them to file Chapter 11 and let the restructuring begin.
Sensible Stories
By , The Wall Street Journal, 03/17/2009
MarketMinder's View: A plan intended to provide new banks with more flexibility was announced Tuesday.
Market Misperceptions
By , BBC News, 03/16/2009
MarketMinder's View:
Remember when people were fearful of the US trade deficit? You’d think those same people would greet this story as good news! The truth is that trade deficits, just like trade surpluses, don’t tell you much about the strength or weakness of an economy.
Sensible Stories
By , Kiplinger, 03/16/2009
MarketMinder's View: It’s true—the market will likely bottom before economic recovery is underway. Waiting for confirmation from the economy will be costly because the market leads recoveries.
Sensible Stories
By , The New York Times, 03/16/2009
MarketMinder's View: It’s about time that bankruptcy is considered as a serious option for GM. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Market Misperceptions
By , The Wall Street Journal, 03/16/2009
MarketMinder's View: Dollar cost averaging, though popular during more volatile periods, has proven to be less effective than lump sum investing over the long term. See our 01/10/2008 column, “Dollar Cost Averaging,” for more.
Sensible Stories
By , RealClearMarkets, 03/16/2009
MarketMinder's View: “Let’s wed the upward-sloping yield curve with mark-to-market reform.” We would be honored to give the toast to the happy couple.
Sensible Stories
By , The Wall Street Journal, 03/16/2009
MarketMinder's View: Protectionism doesn’t help anyone, except perhaps politicians courting favor with certain factions. Let’s keep our global economy trucking with fewer trade barriers!
Market Misperceptions
By , The New York Times, 03/16/2009
MarketMinder's View: Europe’s reaction to the economic downturn has been slower than the US’s—but that doesn’t mean they didn’t “respond effectively.” We’re seeing unprecedented fiscal and monetary stimulus on a global scale, and yes, that includes Europe.
Market Misperceptions
By , The Wall Street Journal, 03/16/2009
MarketMinder's View: Comparing today to the Great Depression is a popular pastime, but there are far more differences than similarities. See our 10/08/2008 cover story, “The Benefit of Bad Memories,” for more.
Market Misperceptions
By , The Independent, 03/16/2009
MarketMinder's View: Yet another comparison to Japan’s Lost Decade. Keep in mind that global monetary stimulus has been swift and huge—different from Japan’s response. See our 12/19/2008 cover story, “America’s Lost Decade?” for more.
Sensible Stories
By , CNNMoney, 03/16/2009
MarketMinder's View: For all the caterwauling about how the world won’t want US debt, folks sure seem to be buying a lot of it.
Sensible Stories
By , Real Clear Markets, 03/13/2009
MarketMinder's View: The global wall of stimulus rolls on. See today’s cover story, “Savvy Cities,” for more.
Sensible Stories
By , SeekingAlpha, 03/13/2009
MarketMinder's View: “…expect more negative economic data for the foreseeable future, but don't expect stocks to care.” It may be a bumpy road for the next few months but we believe that if markets have not already started to recover, they will do soon.
Sensible Stories
By , Time, 03/13/2009
MarketMinder's View: GM’s restructuring plan is beginning to take hold, and they might not need that $2 billion after all—it’s about time they come to their senses!
Sensible Stories
By , Forbes.com, 03/13/2009
MarketMinder's View: We’re not sure that regulation has any greater chance of controlling bubbles but wholeheartedly agree that today’s market turmoil does not represent a failure of capitalism.
Sensible Stories
By , National Review Online, 03/13/2009
MarketMinder's View: A look into the good, the bad, and the ugly of mark-to-market accounting and why loosening or suspending the rule altogether could allow for potentially great benefits.
Market Misperceptions
By , The Los Angeles Times, 03/13/2009
MarketMinder's View: This is a bit irrational. We shouldn’t cheer a lower trade deficit, which is a signal of current economic weakness. Remember that the next time you read about a big and growing trade deficit—it’s a sign of economic strength!
Sensible Stories
By , David Reilly, 03/13/2009
MarketMinder's View: Why not? Let Wal-Mart give the banks a little competition. We bet their ATM fees would be super low.
Market Misperceptions
By , The Wall Street Journal, 03/13/2009
MarketMinder's View: China wants the US to “guarantee” its Treasuries. This is probably little more than saber rattling, seeing as how, you know, Treasuries are already guaranteed. For more, see our cover story, “Treasuring Treasuries” (2/17/2009). 
Sensible Stories
By , Real Clear Markets, 03/13/2009
MarketMinder's View: Some good advice for our friends in Congress (which we doubt they’ll take).
Market Misperceptions
By , MarketWatch, 03/13/2009
MarketMinder's View: Sure, this was embarrassing for the SEC. But the SEC is not, nor ever was, a crime-fighting unit. Investors must do their own due diligence and not rely on friends, family, or even the SEC to keep them safe from fraud.
Market Misperceptions
By , The New York Times, 03/13/2009
MarketMinder's View:
We wouldn’t say the rules are the sole cause of the current problems, but mark-to-market accounting certainly isn’t without blame. See our “Fahrenheit 157” commentary from Wednesday.
Market Misperceptions
By , The Wall Street Journal, 03/13/2009
MarketMinder's View: We have a hard time envisioning how increased Internet use is a sign the economy will never recover. 
Sensible Stories
By , The Wall Street Journal, 03/12/2009
MarketMinder's View: Recessions don’t bring about the end of our prosperity, they direct us to invest in those areas from which we believe will receive most future benefit.
Sensible Stories
By , Barron’s, 03/12/2009
MarketMinder's View: “The trendy barometer of stock-market fear does a lousy job of predicting where stocks are heading.”
Sensible Stories
By , Time, 03/12/2009
MarketMinder's View: Mark to market isn’t necessarily bad, but the FAS 157 definitely caused some significant tremendous market disturbances. See our 03/11/2009 cover story, “Fahrenheit 157,” for more.
Sensible Stories
By , SmartMoney, 03/12/2009
MarketMinder's View: Beware heat chasing, no matter the asset class. “Gold’s long-term track record as an investment has been much shakier—inconsistent at best and a huge money loser at worst.” Amen.
Sensible Stories
By , Seeking Alpha, 03/12/2009
MarketMinder's View: “Human nature is such that at times of intense pressure from current events, foresight and opportunities are obscured by risk aversion, just as euphoria blinds to impending risks at major market tops.” We won’t attempt to pinpoint the exact turning point for the economy, but we’re sure that most people will not notice until after the tide has turned.
Sensible Stories
By , The Washington Post, 03/12/2009
MarketMinder's View: An example of unintended consequences from government intervention—forcing firms to cancel meetings and conventions can hurt more than help the general economy.
Market Misperceptions
By , The Wall Street Journal, 03/12/2009
MarketMinder's View: And they’ll likely continue rising, but that doesn’t mean markets can’t rise too. Remember: Markets typically bottom and begin recovering months before employment starts rising. See our 03/09/2009 cover story, “Employing Sound Judgment,” for more.
Market Misperceptions
By , The International Herald Tribune, 03/12/2009
MarketMinder's View: While today’s news isn’t good and may not be for some time, to proclaim “we don’t have much time” to recover from this economic downturn is false. There are far more differences than similarities between now and the Great Depression. See our 10/08/2008 cover story, “The Benefit of Bad Memories,” for more.
Market Misperceptions
By , Associated Press, 03/12/2009
MarketMinder's View: More losses, more aid, more losses, more aid. There’s a point in here somewhere—more government money does not necessarily equal problem solved.
Sensible Stories
By , Pasadena Star-News, 03/12/2009
MarketMinder's View: Free markets at work! Cities are finding creative ways to profit fast from federal stimulus money.
Market Misperceptions
By , MarketWatch, 03/12/2009
MarketMinder's View: It’s too soon to judge how effective (or not) current stimulus plans may be.
Market Misperceptions
By , RealClearMarkets, 03/12/2009
MarketMinder's View:
Citing the influence of Germany’s manufacturing sector as a better model of capitalism misunderstands the benefits of globalisation and trade. Plus—last time we checked the German economy wasn’t booming.
Sensible Stories
By , The Wall Street Journal, 03/11/2009
MarketMinder's View: Mark-to-market accounting can place undue pressure on banks to raise capital—we agree, and we’ve seen the effects. For more, see today’s cover story, “Fahrenheit 157.”
Sensible Stories
By , The Wall Street Journal, 03/11/2009
MarketMinder's View: The Fed still has more tools at its disposal to combat the continuing economic downturn.
Sensible Stories
By , CNNMoney, 03/11/2009
MarketMinder's View: “Bad cost-cutting ideas, poor efficiency and lousy cars—it's going to take a lot more than the Volt to save General Motors.” We couldn’t have said it better ourselves.
Market Misperceptions
By , The New York Times, 03/11/2009
MarketMinder's View:
Do you really think financial institutions are so delighted with the situation they’re in right now?
Market Misperceptions
By , Time, 03/11/2009
MarketMinder's View: Don’t bet on it. History shows the US government can handle a growing deficit.
Sensible Stories
By , The Wall Street Journal, 03/11/2009
MarketMinder's View: A consequence of politicizing the financial system—investors will balk if the terms are too onerous.
Market Misperceptions
By , Reuters, 03/11/2009
MarketMinder's View: Placing regulations on trading activity won’t do much to quell losses or ignite a recovery. There were plenty of restrictions on short selling during last year’s panic, without much effect.
Sensible Stories
By , The New York Times, 03/11/2009
MarketMinder's View: Bernanke proposes further review of existing regulations—something to keep an eye on as it develops.
Sensible Stories
By , The Wall Street Journal, 03/11/2009
MarketMinder's View: Free trade is important to the economies of developing nations as they seek to sell their goods to the wealthier countries of the world.
Sensible Stories
By , Bloomberg, 03/11/2009
MarketMinder's View: Geithner wants to incentivize banks and private investors to buy distressed assets. Sounds good in theory, but we’ll wait to see how it goes in practice. Just like the many travails of TARP, it’s all in the execution.
Sensible Stories
By , The Wall Street Journal, 03/11/2009
MarketMinder's View: Free market principles extend beyond goods and services to the folks that provide them.
Sensible Stories
By , Investor’s Business Daily, 03/10/2009
MarketMinder's View: “The political meaning of ‘affordable housing’ is housing that is made more affordable by politicians intervening to create government subsidies, rent control or other gimmicks for which politicians can take credit. Affordable housing produced by market forces provides no benefit to politicians and has no attraction for them.” Amen.
Sensible Stories
By , Bloomberg, 03/10/2009
MarketMinder's View: Smarter, more holistic regulation is no doubt needed. See our cover story, “Simplify, Simplify” (12/12/2008), for more.
Market Misperceptions
By , The Independent, 03/10/2009
MarketMinder's View: Frankly, this is just silly. We agree GDP accounting is flawed, we agree. However, it makes vastly more sense as a measure of economic health than, say, amount of vacation time per worker.
Sensible Stories
By , Times Online, 03/10/2009
MarketMinder's View: Whilst the analogy may not be perfect it’s frequently the case that state support prolongs the demise rather than fostering the creativity needed for any industry to survive.
Market Misperceptions
By , CNN Money, 03/10/2009
MarketMinder's View: In another illogical move, the SEC has no plans to suspend mark-to-market accounting. However, it might reinstate the uptick rule, which has never been proven to provide any benefit or prevent any misadventure.
Sensible Stories
By , Financial Times, 03/10/2009
MarketMinder's View: Surely government should wait until they fully understand all the causes of the crisis before indulging in regulatory reform.
Sensible Stories
By , Strategic Finance, 03/10/2009
MarketMinder's View: A good read on the inherent flaws of mark-to-market accounting.
Market Misperceptions
By , The New Republic, 03/10/2009
MarketMinder's View:
Piling more and more regulation on an economy does nothing but make it less productive. Contrary to popular opinion, regulation won’t prevent economic troubles.
Sensible Stories
By , CBS News, 03/10/2009
MarketMinder's View: Probably pretty much what happened to the airlines—they survived and are healthier today. Chapter 11 would provide GM (and the other automakers) the much-needed opportunity to restructure. For more, see our cover story, “All Hail…the Car Czar?” (12/10/08).
Market Misperceptions
By , The Wall Street Journal, 03/10/2009
MarketMinder's View: This analysis doesn’t make sense. By the author’s own admission, overall, folks are nowhere near maxed out on their credit cards, and most pay off the entire balance each month.
Sensible Stories
By , Kiplinger, 03/10/2009
MarketMinder's View: Is the government really handing out $12,000 checks? Not a chance. Be wary of potential scams.
Market Misperceptions
By , Los Angeles Times, 03/10/2009
MarketMinder's View: Timing bear market bottoms is fraught with peril. It’s best to remain invested during rocky bottoming periods because initial bull market surges are fast and steep.
Sensible Stories
By , SmartMoney, 03/10/2009
MarketMinder's View: We’ve never had our doubts, but here’s a good argument highlighting why stocks are the way to go for the long haul.
Sensible Stories
By , Forbes.com, 03/09/2009
MarketMinder's View: This recession won’t last forever, with or without the unintended consequences of government intervention.
Market Misperceptions
By , The Wall Street Journal, 03/09/2009
MarketMinder's View:
For one, the Dow is a broken index. Second, stock price trends have never been reliable indicators of future market movements.
Market Misperceptions
By , The New York Times, 03/09/2009
MarketMinder's View:
Even if you place your faith in World Bank estimates, this tells you nothing the market hasn’t priced in already.
Sensible Stories
By , The Wall Street Journal, 03/09/2009
MarketMinder's View: We may not agree fully with the tone, but this article is right on in dispelling some common myths about banks today.
Market Misperceptions
By , The New York Times, 03/09/2009
MarketMinder's View: Stimulus plans do not work overnight. And in tandem with many other nations, this is the largest global stimulus in history and will eventually prove potent.
Sensible Stories
By , Times Online, 03/09/2009
MarketMinder's View: “If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a ‘failure of swimming'. So, when markets have been weighted down by inept and excessive regulation, why call this a ‘failure of capitalism'?” Exactly.
Sensible Stories
By , The New York Times, 03/09/2009
MarketMinder's View: Good reasons why bank nationalizations potentially do more harm than good.
Sensible Stories
By , The Guardian, 03/09/2009
MarketMinder's View: “The US investor dubbed the Sage of Omaha, continues to be a cheerleader for equities…” and so do we!
Market Misperceptions
By , Time, 03/09/2009
MarketMinder's View:
Ex-cons are not a viable economic indicator. Ignore
Sensible Stories
By , The Wall Street Journal, 03/09/2009
MarketMinder's View: As a result of years of productivity gains, many factories are already very lean and have cut personnel as much as they’re willing to.
Sensible Stories
By , The Wall Street Journal, 03/06/2009
MarketMinder's View: Some details on the Fed and BOE’s approach to aid the financial system and the broader economy—quantitative easing. See today’s cover story, “Beyond the Market’s Malediction,” for more.
Market Misperceptions
By , The Wall Street Journal, 03/06/2009
MarketMinder's View: Historically, the market tends to rise well before the unemployment rate peaks during recessions—investors shouldn’t look to employment as a leading indicator.
Market Misperceptions
By , MSN Money, 03/06/2009
MarketMinder's View:
The idea of consumers purchasing store brands over name brands tells us nothing about future stock market movements. Ignore.
Sensible Stories
By , The Wall Street Journal, 03/06/2009
MarketMinder's View: “A bankruptcy of any sort could be far more effective than the type of out-of-court restructuring GM is undergoing.” We couldn’t agree more.
Market Misperceptions
By , Times Online, 03/06/2009
MarketMinder's View:
Folks wrongly price the risk of holding cash over long time frames. Cash is a poor long term investment.
Sensible Stories
By , The Wall Street Journal, 03/06/2009
MarketMinder's View: Agreed—let’s say goodbye to Mark-to-Market accounting.
Market Misperceptions
By , Mint.com, 03/06/2009
MarketMinder's View: Forget these. Let the market lead you—after all, it’s the ultimate leading economic indicator. See our past commentary, “The Ultimate Leading Economic Indicator” (11/4/2008), for more.
Market Misperceptions
By , BusinessWeek, 03/05/2009
MarketMinder's View: There’s no doubt President Obama and some of his cabinet members have contributed to market uncertainty recently. But the seeds of investor panic were sewn even before Obama was elected.
Sensible Stories
By , telegraph.co.uk, 03/05/2009
MarketMinder's View: “In the long-term, investors have always been rewarded for the risk that they will suffer the kind of "lost decade" we have just been through. In inflation-adjusted terms, shares have given investors a 6pc annual return compared with 2.2pc for bonds and 1pc for cash.” – Unarguable.
Market Misperceptions
By , US News, 03/05/2009
MarketMinder's View: This simply reflects the dour sentiment quite obviously pervasive today. The environment now could hardly be more different than those surrounding actual depressions.
Sensible Stories
By , The Wall Street Journal, 03/05/2009
MarketMinder's View: A credit default swap (CDS) clearinghouse will make these derivatives more transparent and reduce counterparty risk. For more, see our cover story, “A CDS Witch Hunt” (1/30/2009).
Sensible Stories
By , Financial Times, 03/05/2009
MarketMinder's View: It’s encouraging to see the ECB is finally realizing now is not a good time to stubbornly keep rates steady.
Sensible Stories
By , The Wall Street Journal, 03/05/2009
MarketMinder's View: “Like other renewable fuels, biodiesel isn't commercially viable without subsidies.” Exactly—subsidies are just one form of protectionism.
Sensible Stories
By , The Wall Street Journal, 03/05/2009
MarketMinder's View: No surprise here—raising taxes in this environment is the wrong approach.
Sensible Stories
By , The Wall Street Journal, 03/05/2009
MarketMinder's View: GM’s in trouble? That’s hardly new news. It’s time to let US auto makers reorganize.
Market Misperceptions
By , BusinessWeek, 03/05/2009
MarketMinder's View: A deeper recession is likely. But don’t look for an economic recovery to precede a market recovery. The market will improve before the economy does.
Sensible Stories
By , The Times, 03/05/2009
MarketMinder's View: The amount of global monetary and fiscal stimulus continues to grow. A bullish feature for stocks.
Market Misperceptions
By , BusinessWeek, 03/05/2009
MarketMinder's View: In today’s integrated global economy, stimulus in one country benefits economies all over the world. And it isn’t just China putting forth stimulus plans. This effort is truly global. See today’s cover story, “China’s Economic Game Plan,” for more.
Market Misperceptions
By , The New York Times, 03/05/2009
MarketMinder's View:
A belief in free markets isn’t the reason behind why the stock market crash and the global downturn wasn’t spotted.
Sensible Stories
By , The Times, 03/04/2009
MarketMinder's View: BOE officials are taking action to temper the effects of the financial crisis. Global monetary and fiscal stimulus continues.
Sensible Stories
By , Financial Times, 03/04/2009
MarketMinder's View: Like the US, China has been a leader in providing huge stimulus to its economy—this will have a positive effect in some form.
Sensible Stories
By , The Wall Street Journal, 03/04/2009
MarketMinder's View: “The U.S. launched a program to finance up to $1 trillion in new lending to consumers and businesses, in an ambitious attempt to jump-start credit for everything from car loans to equipment leases.” For more, see today’s cover story, “Washington Waffles.”
Market Misperceptions
By , Real Clear Markets, 03/04/2009
MarketMinder's View:
The contrasts between today and the 1930s are far greater than the similarities.
Market Misperceptions
By , MSN Money, 03/04/2009
MarketMinder's View: “Saved” money (so long as it isn’t kept under a mattress) circulates through capital markets via the banking mechanism. A more important issue is when the velocity of money rebounds. Global government monetary and fiscal stimulus is addressing this issue today, and in unprecedented size and scope. For more, see our cover story, “Sunk by Saving” (1/7/2009).
Market Misperceptions
By , The Wall Street Journal, 03/04/2009
MarketMinder's View:
It seems clear a turnaround for major automakers is not imminent. We maintain Chapter 11 bankruptcy is the most feasible solution. For more, see our cover story, “All Hall…the Car Czar?” (12/10/2008).
Market Misperceptions
By , The Wall Street Journal, 03/04/2009
MarketMinder's View:
The question is mostly irrelevant for stock investors. “Depression” is an adjective and not a technical threshold that determines stock performance. And remember, the stock market historically leads economic recoveries.
Sensible Stories
By , Financial Times, 03/04/2009
MarketMinder's View: For those trade deficit-phobes, it’s good to see that the flip side isn’t a sure-fire way to prosperity.
Sensible Stories
By , SmartMoney, 03/04/2009
MarketMinder's View: “The market can pick up at the seemingly unlikeliest times.” The vicissitudes of bear market finales pale in comparison to the power of new bull market upswings.
Market Misperceptions
By , Reuters, 03/04/2009
MarketMinder's View:
Stocks will likely rally before the economy bottoms and long before unemployment—a true lagging indicator for markets—peaks.
Market Misperceptions
By , United Press International, 03/03/2009
MarketMinder's View: We’d argue the big US automakers saw their heyday pass decades ago.
Sensible Stories
By , The Globe and Mail, 03/03/2009
MarketMinder's View: Simply put—protectionism and nationalism don’t work in today’s highly interconnected world.
Market Misperceptions
By , Chicago Tribune, 03/03/2009
MarketMinder's View: Most economic data are lagging indicators and likely already priced in the market. Ignore. For more, see our 2/2/2009 cover story, “Building the Wall of Worry.”
Sensible Stories
By , Financial Times, 03/03/2009
MarketMinder's View: So far, rumors of a shattered Eurozone are greatly exaggerated.
Sensible Stories
By , The Wall Street Journal, 03/03/2009
MarketMinder's View: More bank bailout details coming to fruition. Keep an eye on this to see how it fully develops.
Market Misperceptions
By , Time, 03/03/2009
MarketMinder's View: Of course he does. That’s why he’s America’s own Dr. Doom.
Market Misperceptions
By , 03/03/2009
MarketMinder's View:
We’ve nothing against green energy but only if it’s as viable as the “non-green” alternatives. One of the reasons automakers are in trouble is because they have to make green cars no-one wants. Will we one day repeat the same trick with energy companies?
Sensible Stories
By , The Washington Post, 03/03/2009
MarketMinder's View: Stimulus money should head towards those areas we’ll get the most use from in the future.
Sensible Stories
By , Associated Press, 03/03/2009
MarketMinder's View: Stimulus and government backstops continue. The Term Asset-Backed Securities Loan Facility will lend an onset of $200 billion in efforts to boost consumer lending—a broader scope than simply targeting banks.
Sensible Stories
By , The Wall Street Journal, 03/03/2009
MarketMinder's View: Providing additional funds to AIG is another shaky move from the government. For more, see today’s cover story, “More Aid for AIG.”
Sensible Stories
By , Forbes.com, 03/03/2009
MarketMinder's View: In a world of bad news and bad policies, it’s instructive to remember the economy will turn someday and when it does stocks will already have risen.
Market Misperceptions
By , SmartMoney, 03/03/2009
MarketMinder's View: While this article makes some valid points about the government’s inconsistent messages, there’s no rationale for pegging a number on the uncertainty.
Sensible Stories
By , Bloomberg, 03/02/2009
MarketMinder's View: Only when inefficient firms are allowed to fail will healthy, strong firms succeed.
Sensible Stories
By , The Wall Street Journal, 03/02/2009
MarketMinder's View: The complexities of government intervention.
Market Misperceptions
By , The Deal, 03/02/2009
MarketMinder's View: Ignore. The VIX, or any other measure of market volatility, has never accurately predicted stock prices.
Market Misperceptions
By , The Independent, 03/02/2009
MarketMinder's View:
This is not the beginning of the end of capitalism as we know it. It may take time—and economic booms and busts are part of the capitalism cycle—but markets will recover. See our 12/26/2008 cover story, “Shifted Balance,” for more.
Sensible Stories
By , The International Herald Tribune, 03/02/2009
MarketMinder's View: Though we believe the possibility is remote that the EU will dissolve anytime soon, this is something to keep an eye on.
Market Misperceptions
By , MarketWatch, 03/02/2009
MarketMinder's View: Over time, gold’s return has trailed that of stocks. Long-term investors looking to beat the market would do well to ignore the lure of gold.
Sensible Stories
By , Bloomberg, 03/02/2009
MarketMinder's View: Yet another bailout for the ostensibly “too-big-to-fail” insurance giant. Investors should keep a close eye on developments and government responses.
Market Misperceptions
By , Financial Times, 03/02/2009
MarketMinder's View:
Advocating government control of banking institutions is a mistake in our view.
Sensible Stories
By , The Associated Press, 03/02/2009
MarketMinder's View: Protectionism is bad. Free trade is good—and encourages global economic growth overall.
Sensible Stories
By , The Globe and Mail, 03/02/2009
MarketMinder's View: There are many differences between today and the Great Depression. See our 10/8/2008 cover story, “The Benefit of Bad Memories,” for more.
Sensible Stories
By , Time, 03/02/2009
MarketMinder's View: Encouraging citizens to buy new cars by cutting the sales tax for such purchases? Great idea! The US could take a lesson here. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Sensible Stories
By , The Wall Street Journal, 03/02/2009
MarketMinder's View: Yep. Stocks, throughout history, have recovered prior to other economic indicators. There’s no reason why this time will be different. See our 11/4/2008 cover story, “The Ultimate Leading Economic Indicator,” for more.
Sensible Stories
By , The Wall Street Journal, 03/02/2009
MarketMinder's View: “For thousands of years, globalization has increased global wealth, individual choice and human freedom.” – We couldn’t agree more.
Sensible Stories
By , The Washington Post, 03/02/2009
MarketMinder's View: While we think a consolidated regulatory body is good overall, lawmakers should beware of further politicizing the Fed—doing so would likely “damage the best institution that we have for fighting financial crises.”
Sensible Stories
By , Reuters, 03/02/2009
MarketMinder's View: “Beware the investment activity that produces applause. The great moves are usually greeted by yawns.” Well said, Mr. Buffett. The mass exodus to US Treasuries as a safe haven won’t last for all time.