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Market Misperceptions
By , Times Online, 03/31/2010
MarketMinder's View:
Even when faced with positive data the bears will find a reason to be negative.  Finding the bad in clearly good economic data epitomizes the pessimism of disbelief. For more, see our 01/25/2010 cover story “Pessimism of Disbelief.”
Sensible Stories
By , Portfolio.com, 03/31/2010
MarketMinder's View: Many decry the death of US manufacturing, but manufacturing’s role in the economic recovery so far shows it’s alive and well. To wit, factory orders rose for the sixth straight month, surpassing estimates–bullish. For more, see our 02/04/2010 cover story, “Melancholy Over Manufacturing?”
Sensible Stories
By , TheStreet, 03/31/2010
MarketMinder's View: Just months ago a number of governments were calling for alternatives to the dollar as the world’s reserve currency. But as always, it’s important to watch what politicians do, not what they say. What they’re doing is continuing to hold massive amounts of dollars in reserve because it’s still the safest, most liquid option.
Sensible Stories
By , Bloomberg , 03/31/2010
MarketMinder's View: As we’ve said, consumer confidence makes a lousy stock market indicator, but it’s nice to see the recession wounds are starting to heal. For more, see our 05/28/2008 cover story, “No Confidence in Consumer Confidence.”
Market Misperceptions
By , The Washington Post, 03/31/2010
MarketMinder's View:
More pessimism of disbelief—good news painted as bad. Worker productivity has skyrocketed, but not because amazing new technologies were developed to supplant employees. Firms laid off workers in expectation of a big drop in sales. Sales fell, but not nearly as much as many firms expected, so productivity jumped. But employees can’t keep that up indefinitely, and employers will eventually have to rehire to meet future growth.
Market Misperceptions
By , Seeking Alpha, 03/31/2010
MarketMinder's View:
Investors would do well to ignore most technical analysis like this. According to this article, stocks were “setting up a top” almost all of 2009—one of the best years for stocks in history. For more, see our 12/12/2007 column, “Technical Paralysis.”  
Sensible Stories
By , Economists View, 03/31/2010
MarketMinder's View: “Despite all the worries about inflation, the latest release of the Dallas Fed's Trimmed mean PCE inflation calculations (a measure of the core rate of inflation) indicates that inflation is still headed downward.” As we’ve said, worrisome levels of inflation are ways off if they arise at all.
Market Misperceptions
By , EU Business, 03/31/2010
MarketMinder's View:
Headline inflation came in a bit ahead of expectations—mostly thanks to higher gas prices—but still below the ECB’s target and far from alarming levels. Expect the ECB to keep monetary policy loose for some time, especially considering the PIIGS’ ongoing struggles.
Sensible Stories
By , International Business Times, 03/30/2010
MarketMinder's View: While the future isn’t crystal clear, the UK has pulled out of an 18-month recession and is in better shape than many perceived.
Market Misperceptions
By , The Globe and Mail, 03/30/2010
MarketMinder's View:
These debt fears are overblown—as a nation, the US’s debt is still well within manageable levels, and though some states do in fact have budget and debt issues (we’re talking to you California), they’re not in crisis mode.
Sensible Stories
By , Time, 03/30/2010
MarketMinder's View: We’ve said all along jobs are one of the last things to turn around in any recovery—now, Wall Street is even hiring. This is bullish!
Market Misperceptions
By , Minyanville, 03/30/2010
MarketMinder's View:
Let’s see—it hasn’t been for the last decade, why would it be now? Fact is, gold isn’t a smart indicator of much these days (inflation included) except investors’ desire to own gold. Ignore.
Sensible Stories
By , The Motley Fool, 03/30/2010
MarketMinder's View: Investment vehicles like mutual funds and ETFs have their place. They’re good for smaller investors and can be used tactically in a larger portfolio. But investors with sufficiently large portfolios typically do best owning a diversified basket of individual stocks.
Market Misperceptions
By , Morningstar, 03/30/2010
MarketMinder's View:
“The statistical growth we have witnessed to date is merely a bounce back from the brink of a potential financial disaster that was averted by massive stimulus.” There’s a modicum of truth in this (but only a modicum), yet let’s not forget a year ago many folks expected another Great Depression, and stocks were priced as such. Even modestly positive economic growth is better than expected. This recovery should have staying power, but those focused solely on the US are likely to miss a big part of it.
Market Misperceptions
By , The Washington Times, 03/30/2010
MarketMinder's View:
The fact a steep recession accompanied by high unemployment resulted in lackluster income growth shouldn’t surprise anyone. But it doesn’t tell investors anything about the future. The economic recovery isn’t being driven by wage growth, but wages should improve as the slack in labor markets is taken up by the improving economy.
Market Misperceptions
By , SmartMoney, 03/30/2010
MarketMinder's View:
The Dow is a poorly constructed index, and this is just another arbitrary milestone. For more, see our 3/18/2010 cover story, “Meaningless Marker.”
Sensible Stories
By , The Wall Street Journal, 03/30/2010
MarketMinder's View: China’s set to “launch its long-awaited trial program for margin trading and short selling.” China’s capital markets are still in their infancy compared to more established markets. Continued liberalization is great for China and its integration into the global financial system.
Sensible Stories
By , The Wall Street Journal, 03/30/2010
MarketMinder's View: “But with continued strong earnings, flexible balance sheets and accommodative monetary policy, stocks should ultimately prove resilient.” Amen.
Sensible Stories
By , The Wall Street Journal, 03/29/2010
MarketMinder's View: Further proof the financial system is recovering—and the US government will make a nice profit to boot.
Sensible Stories
By , International Business Times, 03/29/2010
MarketMinder's View: This isn’t too much of a surprise. China (and other emerging markets) are leading the globe in economic recovery—and will likely continue to do so.
Market Misperceptions
By , Telegraph, 03/29/2010
MarketMinder's View:
Just so very inaccurate. Treasury yields are basically exactly where they were at the end of 2009, which is where they were in both August and June 2009. See our 02/17/2010 column, “IOUs That Shouldn’t Worry U or I,” for more.
Sensible Stories
By , Associated Press, 03/29/2010
MarketMinder's View: Encouraging news. As businesses gain confidence in the economic recovery, they eventually start hiring again.
Market Misperceptions
By , The Wall Street Journal, 03/29/2010
MarketMinder's View:
Governments can’t simultaneously help and punish banks at the same time. Not to mention the fact many banks didn’t want bailout funds, and the US government is likely to make a handsome profit on the investments it made in banks.
Sensible Stories
By , BBC News, 03/29/2010
MarketMinder's View: As the global economic recovery strengthens, so should global trade—good news for everyone.
Market Misperceptions
By , BloggingStocks, 03/29/2010
MarketMinder's View:
It’s not at all surprising to see bank failures after a financial crisis. These small banks’ struggles reflect past conditions and tell investors nothing about the state of the financial system today or economy looking forward.
Sensible Stories
By , MarketWatch, 03/29/2010
MarketMinder's View: Simply, Greece won’t be allowed to default. If it doesn’t raise enough money from bond sales then an aid plan backed by the other EU countries and the IMF, will kick in.
Market Misperceptions
By , The Globe and Mail, 03/29/2010
MarketMinder's View:
Careful what you wish for. Higher taxes don’t necessarily mean more tax receipts. See our 05/19/2009 cover story, “Tarnished by Taxes,” for more.
Market Misperceptions
By , CBS News, 03/26/2010
MarketMinder's View: Hmm. Probably not. A powerful global driver now is fast growing emerging markets, and they show no sign of slowing.
 
Sensible Stories
By , The Motley Fool, 03/26/2010
MarketMinder's View: Bull is right! “Using the VIX as a contrarian indicator is one those things that's beautiful in theory, but often useless in practice.”
Sensible Stories
By , Associated Press, 03/26/2010
MarketMinder's View: Greece continues to have many options to deal with its debt woes, and now, a bailout seems more certain.
Market Misperceptions
By , Time, 03/26/2010
MarketMinder's View: The truth is, real estate typically has fairly low annualized returns. It’s just leverage that makes the returns seem outsized.
Sensible Stories
By , The Wall Street Journal, 03/26/2010
MarketMinder's View: Exactly. First the economy recovers, then the job market—no surprises here!
Market Misperceptions
By , Minyanville, 03/26/2010
MarketMinder's View:
Probably a touch overwrought. Spending is elevated now, true. But the US has survived—thrived actually—on debt levels much higher than anything we contemplate now.
Market Misperceptions
By , CNN Money, 03/26/2010
MarketMinder's View: It’s a touch premature to fret much about the UK budget. Keep in mind, the UK could have an entirely new government in just a few months. Plus, the UK has had, in its illustrious past, periods of much higher debt with no long-term ill effect.
Sensible Stories
By , TheStreet, 03/26/2010
MarketMinder's View: More signs consumers are more resilient than most believe. For more, see our 8/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Sensible Stories
By , The New York Times, 03/26/2010
MarketMinder's View: Is there anything TARP money won’t be used for? In an effort to relieve pressure off trouble homeowners, the government has plans to “potentially refinance millions into fresh government-backed mortgages with lower payments.” It seems to us like stealing from Peter to steal from Paul too. And relatively few mortgages were adjusted using the existing government program. But you never know . . .
Sensible Stories
By , The Wall Street Journal, 03/26/2010
MarketMinder's View: Business investments are on the rise as companies are increasing their profits.
Market Misperceptions
By , New York Post, 03/25/2010
MarketMinder's View:
Government debt isn’t the looming disaster many believe. No, we can’t run current deficit levels into perpetuity—but we won’t. We’ve had much more debt relative to GDP during vibrant times in our history, low interest rates keep our debt servicing costs down, and investors—including foreign governments—continue to show strong demand for US debt. For more, see our 2/17/2010 column, “IOUs That Shouldn’t Worry U or I”.
Market Misperceptions
By , Associated Press, 03/25/2010
MarketMinder's View:
The housing and stock markets aren’t inexorably linked. Remember, housing peaked in 2006—well before stocks. And stocks are recovering with a big jump in housing prices. We root for housing to improve, but it’s not a requirement for the economic recovery or bull market to continue.
Market Misperceptions
By , MSN Money, 03/25/2010
MarketMinder's View: If this is rich man’s recovery, then it was a rich man’s recession. Consumer spending held up during the downturn much better than most people believe, except for discretionary items many consider “high end.” So it’s not surprising those are bouncing back fastest as confidence in the economy grows.
Sensible Stories
By , Associated Press, 03/25/2010
MarketMinder's View: Good news for the continuing recovery. Unemployment improvement traditionally lags the stock market and the broader economy. These figures indicate yet another step in the right direction.
Sensible Stories
By , CNBC, 03/25/2010
MarketMinder's View: This despite PIIGS fears, debt and deficit woes, elevated unemployment, and a host of other common concerns. Stocks are climbing the wall of worry rather quickly.
Sensible Stories
By , Associated Press, 03/25/2010
MarketMinder's View: The European Central Bank joins Germany, France, and the IMF in supporting Greece in one way or another. For more, see our today’s cover story, “If It’s Not One Thing….”
Market Misperceptions
By , EUbusiness, 03/25/2010
MarketMinder's View:
There’s little evidence any of the PIIGS countries are headed for bankruptcy.  Support is being offered, and most of these countries have conducted successful debt auctions recently.
Sensible Stories
By , Time, 03/25/2010
MarketMinder's View: Hopefully! As this article points out, modest inflation is actually a good thing for an economy.
Sensible Stories
By , Bloomberg, 03/25/2010
MarketMinder's View: Bernanke sounds a little like a broken record, but this is one cracked LP we don’t mind hearing. Expect central bankers to keep an eye on inflation but maintain accommodative monetary policies for the foreseeable future.
Sensible Stories
By , Los Angeles Times, 03/25/2010
MarketMinder's View: Businesses retrenched during the downturn and are now flush with cash ready to be spent on overdue capital improvements, shelf restocking and eventually rehiring. Expect business spending to play a big role in the continuing economic recovery.
Sensible Stories
By , EU Business, 03/24/2010
MarketMinder's View: Negative news out of Europe these days (talks of deficit, downgrade, and even default) has drowned out significant positives like surging business activity—a sign of rising demand amid continuing recovery.
Sensible Stories
By , Associated Press, 03/24/2010
MarketMinder's View: Japan’s exports rose significantly year over year for the third straight month—and imports climbed an impressive 29.5% as well. Global trade was hit hard during the downturn, so rises in major markets’ (like Japan’s) absolute trade are a great sign for rebounding trade activity on the whole.
Sensible Stories
By , Carpe Diem, 03/24/2010
MarketMinder's View: While they don’t necessarily paint the whole picture, these two charts do show a rosier outlook for the stability of US financial markets. Recovery continues.
Market Misperceptions
By , MarketWatch, 03/24/2010
MarketMinder's View:
Bull markets always face “casual risks waiting in the wings.” In fact, those risks often serve to fortify the wall of worry stocks love to climb.
Sensible Stories
By , Bloomberg, 03/24/2010
MarketMinder's View: “Inventories and backlogs climbed by the most in more than a year,” contributing to the continuing rise in durable goods orders. As businesses restock, manufacturing should continue to propel US economic recovery.
Market Misperceptions
By , Los Angeles Times, 03/24/2010
MarketMinder's View:
China’s unlikely to begin “dumping dollars” or significantly divest their US Treasury holdings, and the US is unlikely to stop consuming Chinese goods. Investors can rest assured these threats are all bark and no bite.
Sensible Stories
By , The New York Times, 03/24/2010
MarketMinder's View: As we’ve said from the get-go, it’s unlikely the EMU would simply allow Greece to default—too many implications for the euro. Germany’s insistence Greece first exhaust all avenues of capital market financing seems a logical step in the right direction.
Sensible Stories
By , Bloomberg, 03/24/2010
MarketMinder's View: An interesting look at how pervasive pessimism really is at this point in the bull market—and a perfect example of the “pessimism of disbelief.” Even though stock portfolios have, on average, risen significantly over the past year, investors aren’t feeling the rise. For more, see our 01/25/2010 cover story, “Pessimism of Disbelief.”
Market Misperceptions
By , San Francisco Chronicle, 03/24/2010
MarketMinder's View:
Recoveries in employment take time. Faith among businesses in the economic recovery is just as important as the strength of the recovery, and that faith won’t develop overnight. But make no mistake—employment will improve as the economy does.
Market Misperceptions
By , Bloomberg, 03/24/2010
MarketMinder's View:
Playing the blame game isn’t going to move anyone forward. The key to regulation reform is more efficiency, not just more—a challenge we’re likely to see play out as the Senate takes up debate on a financial reform bill.
Market Misperceptions
By , Financial Times, 03/23/2010
MarketMinder's View: “Tim Geithner, US Treasury secretary, warned lawmakers on Monday that ‘America will lose this opportunity to set the global agenda’ on financial regulation if Congress fails to complete passage of legislation to reform oversight of the financial system.” So? Politicians routinely make a mess of regulatory issues in their own nations. We hardly think the lack of a global regulatory body is negative.
Market Misperceptions
By , Bloomberg, 03/23/2010
MarketMinder's View:
Yep, it’s still tough out there in the housing market. Yet, all while housing has been tough, since March 2009 stocks have been rising nicely. At this point, a rocky residential real estate market is priced in.
Sensible Stories
By , The Wall Street Journal, 03/23/2010
MarketMinder's View: Naturally, we’d love a Fannie and Freddie that helped mortgage markets function smoothly without saddling taxpayers with losses. Considering politicians are getting involved to “remake” them, we withhold judgment regarding likely success.
Market Misperceptions
By , The Washington Post, 03/23/2010
MarketMinder's View:
Bashing big banker pay is certainly popular. But other than big pay making some people mad, there’s no evidence price caps on salaries should prevent future asset bubbles. Pro football players make a lot of money too. Should their salaries be capped? What about actors? Or neurosurgeons? And what makes one person’s big pay ok, and another’s not? For more, see our 08/06/2009 column, “Hoopla Over Pay.”
Sensible Stories
By , Seeking Alpha, 03/23/2010
MarketMinder's View: As the economy continues its recovery, inflation is likely to remain tame for some time. Money supply has been growing at a moderate level in light of the Fed’s expanding balance sheet. See our 03/19/2010 cover story, “March On,” for more.
Market Misperceptions
By , EU Business, 03/23/2010
MarketMinder's View:
Greece is in a tight spot, no doubt. But Greece’s woes are just that—Greece’s woes. The nation is less than 1% of global GDP and has many options to deal with its debt.
Sensible Stories
By , Reuters, 03/23/2010
MarketMinder's View: There are many, many options for Greece besides default. For one, they could sell debt and other assets. But they could also get some aid from their EU neighbors.
Sensible Stories
By , Barron’s, 03/22/2010
MarketMinder's View: “Rushed financial reform could have unintended results.” Amen. “Rushed” and “reform” almost never work well together. This is something to keep an eye on.
Market Misperceptions
By , Minyanville, 03/22/2010
MarketMinder's View:
In short, milestones like Dow (an inherently flawed index) hitting 1,000 or 10,000 are meaningless and don’t predict future stock market movement. See our 03/18/2010 cover story, “Meaningless Marker,” for more.
Market Misperceptions
By , Minyanville, 03/22/2010
MarketMinder's View:
Pessimism of disbelief hard at work here—good news is spun into bad and bad news must be true. Ignore, and see our 01/25/2010 cover story, “Pessimism of Disbelief,” for more.
Sensible Stories
By , The Washington Post, 03/22/2010
MarketMinder's View: The health care bill took an extraordinary amount of political will and effort to get passed. The final chapter in health care reform hasn’t yet been written—far from it. But today, investors seem to be breathing a sigh of relief.
Market Misperceptions
By , The Wall Street Journal, 03/22/2010
MarketMinder's View:
Even the IMF concedes, “For most advanced economies, including several of the largest, maintaining fiscal stimulus in 2010 remains appropriate, but fiscal consolidation should begin in 2011, if the recovery occurs at the projected pace.” The time for reducing deficits will come, but it’s not yet. And debt and deficits aren’t a problematic as many believe. See our 03/16/2010 cover story, “Not in the Mood,” for more.
Market Misperceptions
By , Bloomberg, 03/22/2010
MarketMinder's View:
The recovery may be “uneven”, but most recoveries are. Regardless, stock prices are likely to reflect better economic times ahead. See our 07/23/2009 column, “Cheerless Recoveries,” for more.
Sensible Stories
By , Telegraph, 03/22/2010
MarketMinder's View: Protectionism is never a good idea. Here’s a good look at why one person’s proposed 25% “surcharge” (i.e., tariff) would result in unintended consequences.
Sensible Stories
By , Barron’s, 03/22/2010
MarketMinder's View: Stock market corrections are normal and should be expected. But they’re impossible to time, so they don’t warrant major portfolio shifts. See today’s cover story, “Timing (Isn’t) Everything,” for more.
Market Misperceptions
By , The Motley Fool, 03/19/2010
MarketMinder's View: This is just another version of the nonsensical “New Normal.” Even if the market is flat—which is rare—stock investors are likely best served staying invested. After all, the dividend yield on most major indexes is far higher than cash. And you don’t miss out if the market moves higher.
Sensible Stories
By , Morningstar, 03/19/2010
MarketMinder's View: Funny title, but the author actually isn’t too concerned about inflation in the near future. We aren’t either, though it could arise down the road. For more, see today’s cover story “March On."
Sensible Stories
By , Bloomberg, 03/19/2010
MarketMinder's View: Today’s financial markets are global. Banning products in one country or region likely means trading simply moves to another.
Sensible Stories
By , Los Angeles Times, 03/19/2010
MarketMinder's View: Some regulatory changes are needed—notably streamlining to make regulation less cumbersome—but it’s difficult to see how stripping the Fed of its regulatory responsibilities makes regulation any better.
Market Misperceptions
By , The Wall Street Journal , 03/19/2010
MarketMinder's View: Economic statistics will reflect varying degrees of contraction and recovery, depending on what they measure. It matters little to stocks how we gauge the recession. Fact is, economies worldwide are recovering and faster than most expected. Stocks will continue to reflect investors' expectations for the future, not what happened in the past.
Sensible Stories
By , Minyanville, 03/19/2010
MarketMinder's View: “Bottom line: The VIX, so the analysts say, is a measure of current volatility with little or no predictive or indicative value regarding the course of the market.” Enough said.
Market Misperceptions
By , The Christian Science Monitor, 03/19/2010
MarketMinder's View:  “Superbubble”? What exactly is a superbubble? And is it really credible to compare China to Starbucks and the movie “Speed”? China has its problems, but its economic growth (even if you don’t believe government statistics) and growing middle class are undeniable. For more, see our 12/14/2009 cover story, “Country Matters."
 
Market Misperceptions
By , The Huffington Post, 03/19/2010
MarketMinder's View: Yes, our debt is currently elevated, but as a percent of GDP, it’s been higher in the past. And those past periods of elevated debt didn’t lead to economic ruin. In fact, they were generally periods of economic vibrancy.
Sensible Stories
By , SmartMoney, 03/19/2010
MarketMinder's View: Trade is vital to the continued growth of the global economy—and the path toward protectionism is a slippery slope. For more, see our 1/4/10 cover story, “Trading in the New Year.”
Market Misperceptions
By , Telegraph, 03/18/2010
MarketMinder's View:
“For the new mantra could soon be: when China gets a headache, the rest of the world suffers a migraine.” While China is currently, with other emerging markets, leading the world in recovery, all positive developments don’t hinge on a single country.
Sensible Stories
By , The Wall Street Journal, 03/18/2010
MarketMinder's View: More evidence Greece has plenty of ways to avoid default. For more, see our 2/26/2010 cover story, “Headline Hog.”
Sensible Stories
By , The Wall Street Journal, 03/18/2010
MarketMinder's View: Pretty spot on. The pegged yuan is not, as many politicians would have you believe, the root of all economic ills. More problematic for China is the nation’s resistance, still, to a fully free economy. Regardless, a free-floating yuan wouldn’t “erase” America’s trade imbalance with China. Nor is the trade imbalance bad or worthy of being erased.
Sensible Stories
By , MarketWatch, 03/18/2010
MarketMinder's View: More evidence the economy is on an upswing.
Market Misperceptions
By , USA Today, 03/18/2010
MarketMinder's View:
This is a classic case of the pessimism of disbelief—the good news is wrong and the bad news is just really bad. For more, see our 1/25/2010 cover story, “Pessimism of Disbelief.” 
Market Misperceptions
By , American Thinker, 03/18/2010
MarketMinder's View:
None? Really? Must not be looking very hard. For more, see our 3/15/2010 cover story, “Bottoms Up!”
Sensible Stories
By , The Wall Street Journal, 03/18/2010
MarketMinder's View: As the UK economy improves, employment will follow—typical practice in the history of bull markets.
Market Misperceptions
By , Daily Finance, 03/18/2010
MarketMinder's View:
Yep, the deficit is high. And no, that’s not very popular. But in the past, deficit peaks have actually led to fine market returns—it was after the big surpluses we’ve seen overall worse market returns.
Sensible Stories
By , The Wall Street Journal, 03/18/2010
MarketMinder's View: European banks are showing confidence in lending—a reassuring sign of a strong recovery underway.
Market Misperceptions
By , Barron’s, 03/17/2010
MarketMinder's View: There’s no denying the Fed has a large task ahead—monitoring the economic recovery and dictating appropriate monetary policy in the wake of a significant recession. The Fed’s reluctance to raise interest rates doesn’t necessary reflect “financial frailty,” but more likely just their reluctance to act too quickly in the face of a young recovery.
Sensible Stories
By , The New York Times, 03/17/2010
MarketMinder's View: On pace to surpass Japan as the world’s second-largest economy, China continues to lead global economic recovery. Strong growth in developing economies bodes well for developed economies too, as countries like China become important end markets for goods and services.
Market Misperceptions
By , MarketWatch, 03/17/2010
MarketMinder's View:
Unfortunately, many investors fear stocks at just the wrong times (near market bottoms) and embrace stocks during equally inopportune periods (market tops). See our column, “Don’t Go With the (Fund) Flow,” for more.
Sensible Stories
By , Bloomberg, 03/17/2010
MarketMinder's View: The inflation threat many worry could hinder this economic recovery remains distant as US wholesale prices fell more than anticipated in February.
Sensible Stories
By , The Wall Street Journal, 03/17/2010
MarketMinder's View: Amid continuing signs of economic progress Tuesday, the FOMC confirmed they’ll maintain historically low interest rates for an “extended period” (nothing new here), but also that they will cease purchases of mortgage-backed securities as planned on March 31st. For more, see today’s cover story, “On the Watch.”
Market Misperceptions
By , MarketWatch, 03/17/2010
MarketMinder's View:
Attempting to profit from seasonal stock market patterns is a fool’s errand, plain and simple. “Selling in May,” as encouraged by the old investing adage, would have cost investors a bundle last year as markets surged forward during the summer months.
Sensible Stories
By , Bloomberg, 03/17/2010
MarketMinder's View: In the months since word of Greece’s precarious debt situation emerged, the EU has appeared ready to act to ensure the common currency’s stability. That implicit support is now forming into a more concrete plan.
Sensible Stories
By , The New York Times, 03/17/2010
MarketMinder's View: Another reminder not all nations’ economic recoveries progress at the same rate: While the US Fed is ending some stimulus efforts, the BOJ is doubling a bank-loan program designed to boost liquidity in the Japanese economy. Investors needn’t fear—global markets can continue to rise in the face of such uneven recovery.
Sensible Stories
By , Washington Post, 03/16/2010
MarketMinder's View: A brief rundown of some important points regarding financial regulation. Watch as this unfolds.
Sensible Stories
By , MSNBC, 03/16/2010
MarketMinder's View: Contrary to widespread fears, many goods are still being produced on US soil—be it shampoo or medical devices. For more, see our 02/01/2010 cover story, “Melancholy Over Manufacturing?”
Market Misperceptions
By , Bloomberg, 03/16/2010
MarketMinder's View: Folks find an easy scapegoat in bankers but with little evidence to support their argument. Proprietary trading, for instance—which involves banks’ money, not deposits—had little to do with the events of 2008. There’s room for improvement in financial regulation, but knee-jerk legislation isn’t the answer.
Sensible Stories
By , The Wall Street Journal, 03/16/2010
MarketMinder's View: Government statistics everywhere should be taken with a grain of salt, but some countries’ data require more seasoning than others.
Sensible Stories
By , Bloomberg, 03/16/2010
MarketMinder's View: More investors are getting back into the market to reap the benefits of this flourishing bull.
Market Misperceptions
By , The New York Times, 03/16/2010
MarketMinder's View: Rolling over debt isn’t the same as issuing new debt. When corporate or Treasury bonds come due, investors receive huge principal payments that are usually reinvested in—you guessed it—bonds.
Market Misperceptions
By , InvestorPlace, 03/16/2010
MarketMinder's View:
“There is a correlation between heart attacks and bad days for the market.” There are many investing myths, but this one is really out there. Ignore.
Market Misperceptions
By , Daily Finance, 03/16/2010
MarketMinder's View: Oil hype is back. Don’t let oil prices get you in a tizzy. Higher energy prices typically reflect strong demand from a growing global economy.
Sensible Stories
By , CNN Money, 03/16/2010
MarketMinder's View: “If a company believes its own stock is such a value that it's willing to put its money where its mouth is and buy shares, that's a sign of confidence.” This doesn’t necessarily tell us where stocks are headed, but it’s a positive sign stock valuations are attractive.
Market Misperceptions
By , MarketWatch, 03/15/2010
MarketMinder's View:
No, timing isn’t everything. In fact, timing is typically more harmful than helpful—especially when relying on silly stock market myths like “Sell in May and go away.” If you had sold last May and stayed away, you would’ve missed out on a spectacular stock market surge. Ignore. See our 11/02/2009 cover story, “Fall Classic,” for more.
Market Misperceptions
By , SmartMoney, 03/15/2010
MarketMinder's View:
Historically, economic recoveries trail stock market recoveries. And the economic recovery needn’t be robust for stocks to keep rising. Stocks look forward, not backward. 
Market Misperceptions
By , The New York Times, 03/15/2010
MarketMinder's View:
We agree China’s currency is artificially low. But blaming the “world’s economic problems” on China is just silly and unfounded—remember, it is China, along with other emerging markets, that is leading the world out of recession.
Market Misperceptions
By , Guardian, 03/15/2010
MarketMinder's View:
Once the global economic recovery gains more strength, firms will begin hiring. Makes good business sense—firms need to be profitable before resuming hiring, not the other way around. See our 10/05/2009 cover story, “Unemployment, Underemployment, and Zombies,” for more.
Sensible Stories
By , Financial Times, 03/15/2010
MarketMinder's View: “Speculators…make markets more efficient by providing the liquidity which makes trades possible and, ultimately, produce more accurate prices. They help us allocate capital as efficiently as we can.” Precisely why “banning” speculation does far more harm than good. See our 03/11/2010 cover story, “A Tale of Two Swaps,” for more.
Sensible Stories
By , Newsweek, 03/15/2010
MarketMinder's View: A good look at reasons why inflation likely isn’t a credible threat in the near term. One reason? Governments worldwide responded quickly and appropriately to the financial crisis and are already taking steps to prepare for stimulus withdrawal as the global economic recovery stabilizes. See our 08/19/2009 cover story, “The Monetary Punch,” for more.
Sensible Stories
By , Bloomberg, 03/15/2010
MarketMinder's View: A good sign, but not surprising as firms have a lot of cash to deploy. See our 03/10/2010 cover story, “Long Live the King,” for more.
Sensible Stories
By , Telegraph, 03/15/2010
MarketMinder's View: Expect politicians to quibble as much as they can (they always do), but ultimately, Greece likely won’t be allowed to default. See our 02/05/2010 cover story, “A Big Fat Greek Deficit,” for more.
Market Misperceptions
By , MarketWatch, 03/15/2010
MarketMinder's View:
Another indicator that doesn’t tell us much about anything—except consumers aren’t feeling so great in March. Could be the weather.
Market Misperceptions
By , Bloomberg, 03/15/2010
MarketMinder's View:
OK. And then what? Ratings, while useful, are inherently backward-looking. Plus, if the US isn’t AAA, what isn’t it AAA in relation to?
Sensible Stories
By , The Australian, 03/12/2010
MarketMinder's View: Yet another sign companies are strong—they’re ready and able to spend. For more, see today’s cover story, “Logorama.”
Market Misperceptions
By , The Wall Street Journal, 03/12/2010
MarketMinder's View: Bottlenecks can occur in any business process, but this doesn’t spell doom for US trade. Another way to see this—demand for our exports has picked up so much thanks to recovery, we’re scrambling to get everything moving again.
Market Misperceptions
By , Investor’s Business Daily, 03/12/2010
MarketMinder's View: A common fear, but probably vastly overstated. The US has seen as high or higher debt loads in the past with no ill effects. And many developed nations have higher—sometimes much higher—debt loads routinely, not just following recessions, and have had fine economic vibrancy.
Market Misperceptions
By , MarketWatch, 03/12/2010
MarketMinder's View: And? Consumer sentiment and expectations don’t tell us much about the future of the stock market. In fact, confidence often looks backward. For more, see our 2/24/2010 cover story, “A False Prophet.” 
Market Misperceptions
By , The Globe and Mail, 03/12/2010
MarketMinder's View: Yes, China is growing fast. But it’s perfectly normal in emerging nations to see fast growth and higher inflation than we’re used to in the developing world. Keep in mind they can keep growing briskly for a long time because vast swaths of their citizens are just now moving into per capita income levels that coincide with more big ticket purchases.
Market Misperceptions
By , SmartMoney, 03/12/2010
MarketMinder's View:
It’s normal for the market to be volatile, but there are plenty of things to be happy about—economic indicators are improving as we proceed well into a promising bull market.
Market Misperceptions
By , The New York Times, 03/12/2010
MarketMinder's View: Bit hard to see how Greece is a bubble. It has legitimate debt woes—but a bubble? A bubble is when asset prices increase, almost linearly, on euphoria, and then they crash. Where is that happening in Greece? Greece has a lot of debt. They are dealing with it. It’s hard. But it’s not a bubble.  For more, see our 2/26/2010 cover story, “Headline Hog.”
Sensible Stories
By , Real Clear Markets, 03/12/2010
MarketMinder's View: Another area that’s sharply recovering. The eurozone shows vast improvement as industrial productions are on the rise.
Sensible Stories
By , The New York Times, 03/12/2010
MarketMinder's View: Surprise, surprise! Many feared the abominable snowstorms last month, but as it turns out consumers still went shopping.
Sensible Stories
By , USA Today, 03/12/2010
MarketMinder's View: Not that it matters much for stocks, but fears the dollar will be supplanted as the world’s reserve currency have been more than a bit overblown. “As big as the US debt is, it's not as bad as many other countries' debt, relative to gross domestic product. No other country has a currency as strong or as well-regarded as the US has, even with its current fiscal woes.”
Market Misperceptions
By , CNNMoney, 03/11/2010
MarketMinder's View:
As we’ve said many times, unemployment lags economic recovery. It doesn’t tell you where the economy is headed. If high unemployment begat a poor economy which led to more unemployment, high unemployment would always be a perpetual downward spiral. Folks frequently fear that outcome, but history shows it’s never been the case.
Market Misperceptions
By , USA Today, 03/11/2010
MarketMinder's View:
“Two top economists worry that Washington is wasting the financial crisis, squandering a chance to prevent a repeat of Wall Street’s 2008 meltdown.”  Certainly regulatory improvements can be made, but the risk of knee-jerk legislation can be risky too (eg. Sarbanes-Oxley).
Sensible Stories
By , The Wall Street Journal , 03/11/2010
MarketMinder's View: Not only do firms have massive amounts of cash, credit markets have opened for them too. With access to plenty of cash and credit, firms are in a great spot to initiate long-delayed spending projects.
Sensible Stories
By , Bloomberg, 03/11/2010
MarketMinder's View: Speculation is not the culprit in Greece’s problems, just an easy target. For more, see today’s cover story, “A Tale of Two Swaps.”
Market Misperceptions
By , MSNBC, 03/11/2010
MarketMinder's View:
Banks will continue to fail as always happens following a banking crisis. But the troubled ones these days are almost all small, regional banks. The big, systemically important institutions have very healthy balance sheets. For more, see our 02/25/2010 cover story “Banks and Capitalism.”
Sensible Stories
By , Daily Finance, 03/11/2010
MarketMinder's View: Until 2009, Tech stocks were underperformers for years. Tech’s day in the sun could again be at hand, but don’t expect the mania we saw around the end of the millennium—memories of the resulting crash are still etched in investors’ minds.
Market Misperceptions
By , MyFox New York, 03/11/2010
MarketMinder's View:
Seriously?!  People make lifestyle choices everyday and if the choice is to salt their food – bon appetit!
Market Misperceptions
By , The Globe and Mail, 03/11/2010
MarketMinder's View:
 Scepticism like this is part of the wall of worry bull markets climb. Overly dour sentiment keeps expectations low, so economic and market results can more easily surpass them, driving stock prices higher. We don’t see this bear coming out of hibernation anytime soon.
Sensible Stories
By , Real Clear Markets , 03/11/2010
MarketMinder's View: Several China myths debunked here. Those fearing China’s increasing economic prowess miss the point strong economic there benefits firms worldwide.
Sensible Stories
By , Reuters, 03/10/2010
MarketMinder's View: Following on the heels of Greece’s successful bond offering last week, another of the PIIGS (Portugal) brought in $1.3 billion in its oversubscribed auction Wednesday. While the PIIGS probably aren’t out of the woods yet, successful debt sales are a clear sign of increasing market confidence and effective bond pricing.
Market Misperceptions
By , CNBC, 03/10/2010
MarketMinder's View:
We’re rather confused what “poor economic data” is being looked at here. There is ample evidence the world is recovering nicely.
Sensible Stories
By , MarketWatch, 03/10/2010
MarketMinder's View: A growing economy needs more energy—and that means oil. A rise in anticipated demand for the year ahead signals an expectation the global recovery will continue to expand.
Market Misperceptions
By , The Times, 03/10/2010
MarketMinder's View:
Two faults with this argument: First, it’s unrealistic global legislative bodies would ever agree on harmonious tax laws (or standard financial regulations for that matter). Second, a tax on financial transactions would be detrimental to more than just the bankers—investors (i.e., most everyone) would be hit directly.
Sensible Stories
By , The Wall Street Journal, 03/10/2010
MarketMinder's View: Rising Chinese exports illustrate a pickup in demand elsewhere—global recovery continues.
Market Misperceptions
By , Bloomberg, 03/10/2010
MarketMinder's View:
The US has not led the global economic recovery thus far, nor does it need to for recovery to continue.
Market Misperceptions
By , CBS News, 03/10/2010
MarketMinder's View:
Sure. Of course there are investors on the sidelines. Always are. But stocks haven’t been rallying strongly since March 2009 all by themselves. Yet despite these rises, it’s not too late to get in. Bull markets last longer than most think. 
Sensible Stories
By , The New York Times, 03/10/2010
MarketMinder's View: In a sign of a stabilizing financial system and recovering economy, the Fed “has terminated nearly all of the extraordinary lending programs it created in 2007 and 2008 to combat the credit crisis.” Yes, the Fed has significant policy decisions ahead, but they’ve given every indication they’ll tighten in a measured and methodical manner, as conditions allow.
Sensible Stories
By , Reuters, 03/09/2010
MarketMinder's View: Despite all the fears in the headlines, China isn’t going anywhere—as China “renewed its commitment to the US Treasury market.”
Market Misperceptions
By , Bloomberg, 03/09/2010
MarketMinder's View:
That’s nice. But “confidence” surveys are notoriously backward-looking. They say nothing about where stocks are heading.
Sensible Stories
By , Los Angeles Times, 03/09/2010
MarketMinder's View: "The market will be vulnerable this year, but waiting on the sidelines while the economy is growing is a risky proposition." Yes—in the face of an ongoing bull market, now is as good a time as any to get back in and reap bull market benefits.
Sensible Stories
By , USA Today, 03/09/2010
MarketMinder's View: There will be plenty of worries—but that’s the wall of worry stocks love climbing. So put on your party hat! Second years following a big bear market bottom historically are quite profitable for stocks.
Sensible Stories
By , USA Today, 03/09/2010
MarketMinder's View: Historically, the job market is one of the last things to turn around in a recession. That we continue to see improvement here merely underscores the fact an economic recovery is already underway.
Market Misperceptions
By , The New York Times, 03/09/2010
MarketMinder's View:
Where all the other major legislation is as we get closer to mid-terms—getting watered down and/or delayed as politicians beat a path to the middle to increase their chances of re-election.
Market Misperceptions
By , The Wall Street Journal, 03/09/2010
MarketMinder's View:
Pessimism abounds—that famous wall of worry stocks love to climb. Stocks never rise in a straight line—pullbacks and corrections are normal during the course of a bull market.
Market Misperceptions
By , MarketWatch, 03/09/2010
MarketMinder's View:
Every country has its woes, but the Greek debt problem is just that—their problem. It’s unlikely to materially affect the globe. For more, see our 2/26/2010 cover story, “Headline Hog.”
Sensible Stories
By , The Wall Street Journal, 03/08/2010
MarketMinder's View: Whether politicians succeed in reordering the Fed or not, they won’t be able to stop the next asset bubble from forming. It’s a noble, but impossible, goal.
Sensible Stories
By , International Business Times, 03/08/2010
MarketMinder's View: More reasons why China’s talk about unseating the dollar is just talk. See our 02/17/2010 column, “IOUs That Shouldn’t Worry U or I,” for more.
Market Misperceptions
By , Bloomberg, 03/08/2010
MarketMinder's View:
The “new mix”? Fact is, it’s pretty normal for exports and business investment to lead out of a recession. Economic drivers can and do change in a cycle.
Sensible Stories
By , The Globe and Mail, 03/08/2010
MarketMinder's View: Not much of a surprise here, but good news nonetheless. Consumer spending didn’t drop as much as people assumed during the downturn, but expect more positive news in this arena as the recovery picks up pace.
Market Misperceptions
By , MarketWatch, 03/08/2010
MarketMinder's View:
The gold bugs are swarming! Fact is, gold’s return over time has lagged stocks’—likely making the metal a poor choice for long-term investors. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , MarketWatch, 03/08/2010
MarketMinder's View: As we’ve said, those stock categories that fell the most, bounced the most. See our 12/28/2009 cover story, “Fisher Investments Looks Ahead,” for more.
Market Misperceptions
By , DailyFinance, 03/08/2010
MarketMinder's View:
Yes, there could be market drops, even big ones, the second year following a big bottom drop. Volatility is normal in bull markets, not confirmation of impending doom. 
Market Misperceptions
By , Investor’s Business Daily, 03/08/2010
MarketMinder's View:
Ignore. Jobs numbers are based on fuzzy math. Also, jobs always recover after stocks and the economy, not before. See our 02/19/2009 cover story, “A Calculator, and Bananas,” for more.
Market Misperceptions
By , BusinessWeek, 03/08/2010
MarketMinder's View:
Well…the UK has a VAT tax—and its economy is just struggling out of recession, whereas the US posted strong GDP growth last quarter. More taxes doesn’t equal solution to problems—they just likely drive businesses away to lower-tax and business-friendlier countries.
Sensible Stories
By , Bloomberg, 03/08/2010
MarketMinder's View: The Fed is again showing it has plenty of tools in its arsenal to drain liquidity when the time comes.
Market Misperceptions
By , Bloomberg , 03/08/2010
MarketMinder's View:
Likely not. US debt levels are elevated relative to recent history, but still below previous peaks. And those previous peaks didn’t lead to economic ruin. Plus, many developed nations regularly have much higher debt loads with no ill effect.
Market Misperceptions
By , The Washington Post, 03/05/2010
MarketMinder's View: Well, probably not. Greece’s problems are exactly that—their problems. With a successful bond auction under their belt and austerity measures in place, it’s unlikely debt woes here, in this tiny nation, much impact the rest of the world. For more, see our 2/5/2010 cover story, “A Big Fat Greek Deficit—Redux.”
Market Misperceptions
By , Yahoo! Finance , 03/05/2010
MarketMinder's View: Increased pessimism is normal during a bull market and should be expected—it’s the “wall of worry” stocks like to climb. Plus, there continues to be increasing evidence the global economy is indeed improving.
Sensible Stories
By , The Wall Street Journal, 03/05/2010
MarketMinder's View: Greece holds a very successful debt sale, a good sign the nation is heading in the right direction. For more, see our 2/26/2010 cover story, “Headline Hog.”
Sensible Stories
By , CNN Money, 03/05/2010
MarketMinder's View: A positive look into today’s job market—as the unemployment rate recovers, paychecks have started to rise.
Sensible Stories
By , Time, 03/05/2010
MarketMinder's View: “The overall economy has expanded dramatically, and relative to the size of the economy, the debt isn't particularly high by global standards.” True. Debt, albeit elevated now, is still below past levels that haven’t proven problematic. And some other developed nations regularly have higher levels with no ill effects. For more, see our 10/27/2009 cover story, “Not Just Debt Weight.”
Market Misperceptions
By , SmartMoney, 03/05/2010
MarketMinder's View: Yes, weather can cause temporary hiring hiccups. But employment figures are notoriously wonky. Still, it’s not true high unemployment must drag on the economy. In all past recessions we can measure, the economy recovered first, then unemployment fell. This is normal, not a harbinger of doom.
Market Misperceptions
By , Minyanville, 03/05/2010
MarketMinder's View: It’s true—Financials will likely face headwinds for some time, but that’s normal after a sector-led bear market. And Financials aren’t in as dire shape as many fear. For more, see our 03/05/10 cover story, “Packing a Punch.”
Sensible Stories
By , Bloomberg, 03/05/2010
MarketMinder's View: More signs of improvement on the credit front. Bullish!
Sensible Stories
By , Time, 03/05/2010
MarketMinder's View: As a leader in this recovery, China’s economic boom continues with a strong projected growth rate. Global recovery seems to be underway!
Sensible Stories
By , Telegraph UK, 03/04/2010
MarketMinder's View: Showing no signs of a hasty stimulus exit, the Bank of England rightly remains focused on keeping interest rates low to boost the economy.
Market Misperceptions
By , The Washington Post, 03/04/2010
MarketMinder's View:
Limiting credit card issuers’ ability to manage risk and make a profit is unfortunately likely to result in less credit for consumers. For more, see our 12/21/2009 cover story, “Charge It, Please!”
Sensible Stories
By , Daily Finance, 03/04/2010
MarketMinder's View: Productivity up —check. Unemployment claims down—check. Positive signs abound as the US economic recovery continues. See today’s cover story, “Servicing Crickets” for more.
Market Misperceptions
By , MSNBC, 03/04/2010
MarketMinder's View:
It’s difficult to find a silver lining to the devastation in Chile, but as tragic as the situation is, the local economy will undoubtedly recover. For more see our 3/2/2010 cover story, “Natural (In)effects”.
Market Misperceptions
By , Barron’s, 03/04/2010
MarketMinder's View:
Constrained enthusiasm for equities is typical of a bull market and itself bullish. Investor euphoria is far more concerning than restraint. The bull market can climb a wall of worry for a long time.
Sensible Stories
By , Associated Press, 03/04/2010
MarketMinder's View: As we’ve said many times, US consumers are more resilient than most believe and, are in fact, alive and well. But those searching for rapid consumption growth would do well to look to Emerging Markets instead of the US. For more, see our 8/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Sensible Stories
By , The New York Times, 03/04/2010
MarketMinder's View: With a nod of approval from the EU for its belt-tightening, Greece successfully completed an oversubscribed €5 billion bond auction. Greece and other PIIGS countries shouldn’t have much trouble issuing new debt if the price is right.
Market Misperceptions
By , The Washington Post, 03/04/2010
MarketMinder's View:
“Just when you thought the mess from the February snowstorms was over, it has started to obscure a clear understanding of how the economy is doing.” Don’t let temporary disruptions caused by snow storms distract you from the fact the economy is indeed improving—albeit with bumps along the way, as always is the case.
Market Misperceptions
By , MarketWatch, 03/03/2010
MarketMinder's View:
The assumption that “the fuel for this or any other recovery has to come from the consumer” is simply incorrect. While consumer spending does make up around 70% of US GDP, it didn’t fall much during this recession in relation to other economic components. Expect rebounding business spending and overseas consumption (specifically from Emerging Markets) to be major drivers of growth of ahead, and try to tune out short-term data fluctuations.
Sensible Stories
By , Bloomberg, 03/03/2010
MarketMinder's View: Greek officials continue to take strides toward bringing their inflated deficit in line with EMU requirements. While such austerity measures will not be popular at home, this is a necessary step toward demonstrating commitment to solving the problem—a likely contingency for any EU bailout down the road.
Sensible Stories
By , Fortune, 03/03/2010
MarketMinder's View: “Recent estimates from the Congressional Budget Office suggest Treasury will roughly break even on its loans to banks.” What a difference a year makes! In March 2009, many expected massive bank nationalizations and losses on bank bailout funds. Now, the financial system is on much better footing and banks are hugely profitable.
Market Misperceptions
By , Financial Times, 03/03/2010
MarketMinder's View:
Debt levels are elevated in the wake of the recent downturn due largely to the significant, coordinated, global response. Acting too quickly or severely to rein in debt when it doesn’t pose an immediate threat could threaten sustained economic recovery.
Market Misperceptions
By , The New York Times, 03/03/2010
MarketMinder's View:
This is classic pessimism of disbelief—all news is bad and even encouraging news isn’t quite encouraging enough. The economy won’t recover in a straight line (nor will the stock market)—this is to be expected. For more, see our 1/25/2010 cover story, “The Pessimism of Disbelief.”
Market Misperceptions
By , ABC News, 03/03/2010
MarketMinder's View:
We’re caught in a “doomsday cycle”? We don’t think so. We’re all for effective regulation, but heavy-handed, overly onerous regulation will likely do more harm than good. After all, risk-taking is an essential component of capitalism—it’s foolish to stymie it entirely.
Sensible Stories
By , Bloomberg, 03/03/2010
MarketMinder's View: Expansion in US service industries exceeded forecasts, growing at the fastest pace since October 2007 in a sign early gains in manufacturing are encouraging growth across the economy.
Sensible Stories
By , The Wall Street Journal, 03/03/2010
MarketMinder's View: The EU is set to begin free trade agreement negotiations with both Singapore and Vietnam in the coming weeks. The fewer barriers, the better for global trade as it begins to rebound in the wake of the downturn.
Market Misperceptions
By , BusinessWeek, 03/03/2010
MarketMinder's View:
Employment fluctuations due in large part to severe weather are unfortunate, but nonetheless expected. Unemployment rate improvement lags economic recovery for reasons other than weather. Don’t expect to see big improvements in unemployment in the near future, but don’t expect that to hold back the economy or stocks either.
Sensible Stories
By , The New York Times, 03/02/2010
MarketMinder's View: Folks fear an impending Greek default, yet Greece still has many ways to deal with budget and debt reduction. For more, see our 2/5/2010 cover story, “A Big Fat Greek Deficit—Redux.”
Market Misperceptions
By , The New York Times, 03/02/2010
MarketMinder's View: There will be another asset bubble at some point. But living your life in fear of one likely means doing something that diminishes your future investment return, i.e., holding more cash and bonds than are appropriate based on your investing horizon.
Market Misperceptions
By , Time, 03/02/2010
MarketMinder's View: Before, folks worried consumers had stopped spending, and that was bad. In truth, consumer spending is more resilient than most think and spending never really dried up. Now, folks are realizing that and seeing a spending uptick, and that’s bad too? You can’t win.
Sensible Stories
By , Guardian, 03/02/2010
MarketMinder's View: “Hopes that Britain is emerging from recession at a more robust pace than first thought were bolstered today with news that the nation's factories are enjoying strong overseas demand, raising their prices and hiring new workers.” This is bullish!
Market Misperceptions
By , Barron’s, 03/02/2010
MarketMinder's View: There’s one good point in this article—credit crises happened long before we had today’s financial innovations like credit default swaps, even though folks like to blame them. Though Greece faces a rough road, their woes aren’t enough to derail the rest of the world.
Sensible Stories
By , Reuters, 03/02/2010
MarketMinder's View: As expected—Canada leaves interest rates untouched. Despite the fears of a too-early global “exit” from stimulus measures, nations continue to act as economic conditions permit.
Sensible Stories
By , Los Angeles Times, 03/02/2010
MarketMinder's View: In efforts to get the most votes necessary, the Senate Banking Committee is looking to circulate a “watered-down” plan for the consumer protection agency. This is fairly typical during an election year—politicians look to moderate to increase chances of election—either for themselves or for their same-party brethren.
Market Misperceptions
By , The New York Post, 03/02/2010
MarketMinder's View: Consumer confidence numbers are, at best, coincident indicators, if not backward-looking. They say nothing about the future of capital markets or the economy.
Sensible Stories
By , The Wall Street Journal, 03/02/2010
MarketMinder's View: Sensible regulation is fine, but too much regulation likely only leads to one thing—trouble.
Market Misperceptions
By , The Economist, 03/01/2010
MarketMinder's View:
The story that big deficits are bad for the economy (and stocks) is a myth. There’s no historical evidence supporting this conjecture. See our 02/04/2008 cover story, “Deficient Thinking,” for more.
Sensible Stories
By , CTV.ca , 03/01/2010
MarketMinder's View: More proof a global economic recovery is underway.
Sensible Stories
By , The Washington Post, 03/01/2010
MarketMinder's View: An insightful article about why fears surrounding China are, for the most part, unfounded.
Sensible Stories
By , Financial Times, 03/01/2010
MarketMinder's View: “Markets and governments in the UK and US have proven before that they can maintain very high levels of debt and should be open to the possibility that they can once again.” As we’ve said before, government debt isn’t at worrisome levels and won’t impede economic or stock market growth. See our 10/27/2009 cover story, “Not Just Debt Weight,” for more.
Market Misperceptions
By , Barron’s, 03/01/2010
MarketMinder's View:
A study done by a website promoting gold found gold to be a great investment—what a surprise! Using this methodology, stocks make an even better currency since they’ve performed much better than gold over the last 30 years. Of course, stocks aren’t a currency. Nor is gold in most places. So this “study” doesn’t make a whole lot of sense. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Market Misperceptions
By , MSNBC, 03/01/2010
MarketMinder's View:
Another pessimistic article filled with old news. As we’ve said, investors waiting for a pristine economic environment will likely miss out on much of the bull market.
Sensible Stories
By , The Wall Street Journal, 03/01/2010
MarketMinder's View: Expect more back and forth on this issue—but, ultimately, Greece likely won’t be allowed to default.
Sensible Stories
By , Morningstar, 03/01/2010
MarketMinder's View: “Despite short-term volatility, emerging-markets assets present long-term opportunities.” True. But there are added risks to investing in Emerging Markets too. Investors shouldn’t assume Emerging Markets will make the best investments for decades to come.
Sensible Stories
By , The Wall Street Journal, 03/01/2010
MarketMinder's View: Strategic M&A is one way cash-rich firms can spend their massive cache. Capital investment and rehiring workers are others. All are good for the economy and stocks. See our 12/17/2009 cover story, “Cash Rich,” for more.
Sensible Stories
By , The Wall Street Journal, 03/01/2010
MarketMinder's View: This isn’t surprising. Firms tend to rescind pay cuts, utilize overtime, and hire temporary workers as economic conditions improve. All this is happening now. Eventually, they’ll hire more full-time workers, but likely not until they’re confident the economy is on surer footing.
Sensible Stories
By , The Wall Street Journal, 03/01/2010
MarketMinder's View: With midterm elections looming, the likelihood of any kind of financial reform passing in the near term is small to none—especially with all the debate surrounding the terms.
Market Misperceptions
By , The Globe and Mail, 03/01/2010
MarketMinder's View:
Wow. Pessimism of disbelief hard at work here—this article should win a gold medal for putting a negative spin on almost all good economic news. Ignore. And for more, see our 01/25/2010 cover story, “Pessimism of Disbelief.”