Home → Fisher Investments MarketMinder Headlines → 04-2008 Archives

Sensible Stories
By , CNNMoney, 04/30/2008
MarketMinder's View: The Fed lowered its key rate to 2.0%, but hinted at reduced risks for economic growth ahead.
Market Misperceptions
By , The Wall Street Journal, 04/30/2008
MarketMinder's View: They call him Flipper! Flipper! I’ll take the greenbacks, thanks.
Sensible Stories
By , Financial Times, 04/30/2008
MarketMinder's View: We’re not saying all the problems affecting credit markets are over—but the most untold story over the past 6 weeks is that equities are already nicely off their lows.
Sensible Stories
By , The Independent, 04/30/2008
MarketMinder's View: It may be largely rhetoric at this stage but we hope the ease with which companies can relocate these days applies downward pressure on corporate taxes all across the world.
Market Misperceptions
By , Bloomberg, 04/30/2008
MarketMinder's View: European confidence numbers are no more a leading indicator than ours—ignore them.
Market Misperceptions
By , BBC News, 04/30/2008
MarketMinder's View: What next—brie? We can’t take it anymore.
Sensible Stories
By , CNBC, 04/30/2008
MarketMinder's View: We may not be out of the woods yet, but first quarter GDP was a positive number—i.e., no recession.
Sensible Stories
By , Financial Times, 04/30/2008
MarketMinder's View: “Protection, subsidies and other such follies distort agriculture more than any other sector.” Indeed.
Market Misperceptions
By , MarketWatch, 04/30/2008
MarketMinder's View: GDP isn’t an infallible indicator, but this is nonsense. A recession is negative growth. A positive GDP number signals growth. If the economy is growing, that’s not a recession.
Market Misperceptions
By , The Wall Street Journal, 04/30/2008
MarketMinder's View: Sometimes people only want to see bad news, even if it has been around for months.
Market Misperceptions
By , The Wall Street Journal, 04/30/2008
MarketMinder's View: Like those for Big Oil, profits for Big Ag are a good thing. They lead to increased investment and production—which help meet the demands of a healthy and growing global economy.
Market Misperceptions
By , Fortune, 04/30/2008
MarketMinder's View: Somehow, we doubt it. We’ve been warned that China is going to take over the world since we stopped worrying about Japan taking over the world.
Market Misperceptions
By , CNNMoney.com, 04/30/2008
MarketMinder's View: Actually, the economy is still growing.
Market Misperceptions
By , CNNMoney, 04/30/2008
MarketMinder's View: Investors understand regulation doesn’t work, but apparently politicians aren’t listening.
Sensible Stories
By , The Telegraph, 04/30/2008
MarketMinder's View: You could say the same about any industry recording healthy profits and the reinvestment potential that creates. Strong company performance should be cheered not scorned.
Sensible Stories
By , Briefing.com, 04/30/2008
MarketMinder's View: A reasonable assessment of the GDP number announced today.
Sensible Stories
By , The Wall Street Journal, 04/30/2008
MarketMinder's View: Credit, and stocks, are cheaper than many believe. Companies wouldn’t be stepping up to pay a 40% premium in a true credit crunch.
Market Misperceptions
By , Times Online, 04/29/2008
MarketMinder's View: Isn’t it strange how the media’s definition of a recession is forever changing? Now we’ve hit the point at which US growth below 2.5% is bad news. Or is that one of those lies we’re supposed to ignore?
Market Misperceptions
By , The Wall Street Journal, 04/29/2008
MarketMinder's View: Government interference with salaries may cause companies to go elsewhere, damaging Germany’s economy. Remember, markets hate government meddling.
Market Misperceptions
By , CNNMoney.com, 04/29/2008
MarketMinder's View: Who cares? Confidence is a coincident if not a lagging indicator. Besides, 2003 was a great time to buy stocks.
Sensible Stories
By , Times Online, 04/29/2008
MarketMinder's View: “Too much attention is paid to what happens in the Square Mile and Canary Wharf and not the real economy outside” We agree!
Sensible Stories
By , The Daily Standard, 04/29/2008
MarketMinder's View: ”We might have reached the age of peak panic about oil supplies, but not of peak oil.” Well said. Today’s supply limitations are due to geopolitical maneuvering and insufficient technology, not the amount of oil flowing underground.
Sensible Stories
By , The Economist, 04/29/2008
MarketMinder's View: Argentina’s finance minister was forced to resign over proposals to reduce export taxes, cut public spending and end government-manipulation of inflation data. Until the government acknowledges the need for freer markets, turmoil will likely continue. This is true for Argentina and everywhere.
Market Misperceptions
By , MarketWatch, 04/29/2008
MarketMinder's View: “Wake up and smell the recession?” Even if we were in a recession, halting innovation would only prolong stagnation. Innovation is a necessary growth driver in good times and bad.
Market Misperceptions
By , Reuters, 04/29/2008
MarketMinder's View: Don’t fall for cute-sounding wannabe-axioms—stocks have historically been positive between May and October. As always, the long-term forecast, not short-term expectations should dictate strategy.
Market Misperceptions
By , The Independent, 04/29/2008
MarketMinder's View: Contrary to popular belief, budget deficits aren’t inherently evil and can result in good stock returns. However, we are curious what EU disciplinary action looks like: Will Britain get grounded or sent to bed without supper?
Sensible Stories
By , The Wall Street Journal, 04/29/2008
MarketMinder's View: Note to everyone calling for increased regulation of American financial markets: Regulators couldn’t predict or prevent the Northern Rock debacle in the UK and would likely be similarly unsuccessful in the US.
Sensible Stories
By , Financial Times, 04/29/2008
MarketMinder's View: We won’t—and neither should you.
Market Misperceptions
By , CNNMoney.com, 04/29/2008
MarketMinder's View: That’s a big, ugly number—until you discover only 0.5% of all homes in the US are affected.
Sensible Stories
By , CNNMoney.com, 04/29/2008
MarketMinder's View: “At the end of the day, we shouldn’t emulate Venezuela of all places and slap higher taxes on oil companies just because crude is around $120 a barrel.” The oil boom is creating jobs, increased wages, and investment opportunities.
Sensible Stories
By , MarketWatch, 04/29/2008
MarketMinder's View: It’s important to keep an eye on Japanese interest rates, which influence the yen carry trade. However, we view the risk of a major rate hike as very low.
Market Misperceptions
By , CNBC, 04/29/2008
MarketMinder's View: The “millionaire indicator”? That’s a new one. Base your forecast on fundamentals, not what a handful of rich folks think.
Sensible Stories
By , Bloomberg, 04/29/2008
MarketMinder's View: We wouldn’t say Bernanke is “really way out there, preemptive, and radical,” but we concede the Fed has acted quickly and appropriately.
Market Misperceptions
By , The New York Times, 04/28/2008
MarketMinder's View: “Holly Levitsky is replacing the Lucky Charms cereal in her kitchen with Millville Marshmallows and Stars, a less expensive store brand.” If people are still eating marshmallows for breakfast, things are likely better than most assume.
Sensible Stories
By , The Wall Street Journal, 04/28/2008
MarketMinder's View: “The larger point is that America as a whole would be far better off if all U.S. companies paid the same low corporate tax rate—if not 15%, then no more than 25%.” Amen.
Market Misperceptions
By , MSNBC.com, 04/28/2008
MarketMinder's View: This assumes that sentiment is somehow predictive of future market returns—which isn’t true.
Sensible Stories
By , CNBC, 04/28/2008
MarketMinder's View: This highlights a good recent example of government intervention gone wrong. See our cover story, “Pass the Corn” (4/15/2008), for more on ethanol.
Market Misperceptions
By , BusinessWeek, 04/28/2008
MarketMinder's View: Is cheap oil gone forever? Maybe, maybe not, but as prices rise, free markets encourage innovation.
Sensible Stories
By , SmartMoney, 04/28/2008
MarketMinder's View: “So high oil prices don't kill growth. In fact, they are the result of growth.” Well said.
Market Misperceptions
By , The Wall Street Journal, 04/28/2008
MarketMinder's View: This is a bit overwrought—we believe the risk of a monetary policy error remains low. The Fed’s recent actions seem innovative and appropriate given current economic and market conditions.
Sensible Stories
By , The New York Times, 04/28/2008
MarketMinder's View: Though trade impediments may not be the sole reason current commodity prices are rising, they certainly don’t help.
Sensible Stories
By , MarketWatch, 04/28/2008
MarketMinder's View: Big companies are still willing and able to merge when sensible. Even better, this deal would be all cash!
Sensible Stories
By , Financial Times, 04/28/2008
MarketMinder's View: Talk about throwing gas on the flames.
Sensible Stories
By , National Post, 04/28/2008
MarketMinder's View: “The trouble with doom-and-gloom predictions is that most are based on the linear extrapolation of short-term trends.” Amen.
Sensible Stories
By , Portfolio.com, 04/25/2008
MarketMinder's View: We agree. There are enough “wanna-be economists” out there already.
Sensible Stories
By , The Wall Street Journal, 04/25/2008
MarketMinder's View: Free trade works as well for food as it does for any other goods and services.
Sensible Stories
By , The Economist, 04/25/2008
MarketMinder's View: US exports are growing much faster than imports currently. For more on the US benefiting from global trade, see our cover story, “Profiting from Globalization” (4/25/2008).
Market Misperceptions
By , International Herald Tribune, 04/25/2008
MarketMinder's View: Increasing taxes and regulations on food shipments will produce unclear environmental benefits, but certainm negative economic impacts.
Market Misperceptions
By , MarketWatch, 04/25/2008
MarketMinder's View: Investing in such a narrow segment of the market, especially in an emerging market, will always feature very high risk. For more MarketMinder thoughts on China’s nascent stock market, see cover story, “A Seemingly Cruel Mistress” (4/24/2008).
Sensible Stories
By , The Economist, 04/25/2008
MarketMinder's View: The Middle East’s economic challenges are likely to increase in the years to come. How they handle them will be important to watch.
Sensible Stories
By , NPR, 04/25/2008
MarketMinder's View: Global demand for oil is helping more than just “big oil”—it’s benefiting small communities as well.
Market Misperceptions
By , The Wall Street Journal, 04/25/2008
MarketMinder's View: The US isn’t facing a “foreign drain” (sovereign wealth funds, anyone?). And the US in 2008 isn’t anything like England in 1873.
Market Misperceptions
By , Times Online, 04/25/2008
MarketMinder's View: Drawing comparisons between conditions now and the double digit inflation of the '70s is a bit premature.
Market Misperceptions
By , Bloomberg.com, 04/25/2008
MarketMinder's View: Excuse us, but we hardly think increasing taxes and fees would encourage consumers and businesses to spend and grow.
Sensible Stories
By , Financial Post, 04/25/2008
MarketMinder's View: Outsourcers are insourcing! Outsourcing firms continue their global evolution—including employing foreign workers and adding global offices.
Market Misperceptions
By , The New York Times, 04/24/2008
MarketMinder's View: Oh yes, the time-tested Lasik indicator! Never heard of it? Neither have we. Probably isn’t very reliable or predictive.
Dueling Headlines
By , Bloomberg, 04/24/2008
MarketMinder's View: Beware media perceptions of raw economic data. If anything, these conflicting headlines should teach you to take periodic economic releases with a grain of salt.
Market Misperceptions
By , The New York Times, 04/24/2008
MarketMinder's View: Laser eye surgery is hardly a reliable indicator of the state of the economy.
Sensible Stories
By , The Wall Street Journal, 04/24/2008
MarketMinder's View: “Usually, the law of unintended consequences takes so long to reveal itself that no one remembers the culprits.” This one is easy—the culprit is usually our government.
Market Misperceptions
By , National Post, 04/24/2008
MarketMinder's View: We doubt the Canadian Prime Minister really wants a NAFTA overhaul—he’s just flexing Canada’s energy muscle. It’s likely they’re less concerned with Kyoto and more focused on continuing free trade of oil to the US.
Sensible Stories
By , The Wall Street Journal, 04/24/2008
MarketMinder's View: Open borders represent a better route to economic prosperity than protected labor markets.
Market Misperceptions
By , Asia Times, 04/24/2008
MarketMinder's View: We disagree. Central banks should not be forced to define what types of securities are appropriate—left unperturbed, the market will resolve those issues eventually.
Sensible Stories
By , Real Clear Markets, 04/24/2008
MarketMinder's View: A stark reminder why free markets are so important to individual freedom and prosperity.
Market Misperceptions
By , Reuters, 04/24/2008
MarketMinder's View: Yet another “dollar versus oil” headline. There’s no meaningful historical correlation between oil and the dollar, as folks commonly believe. The dollar’s movement is only one small factor, if a factor at all.
Market Misperceptions
By , BBC, 04/24/2008
MarketMinder's View: Maybe, maybe not. But in our view the article’s assumptions are a bit too gloomy. While supply and demand issues will likely keep commodities prices firm, a free market and increased globalization should keep prices relatively competitive.
Sensible Stories
By , The Wall Street Journal, 04/24/2008
MarketMinder's View: Maintaining a vibrant derivatives market is essential. Voluntary, market-driven solutions are always better than forced ones. But keep in mind what happens when intermediaries become involved—prices increase.
Sensible Stories
By , BusinessWeek, 04/24/2008
MarketMinder's View: The fact this is even a question is testament to how globally integrated economies are becoming.
Sensible Stories
By , The Wall Street Journal, 04/23/2008
MarketMinder's View: How can politicians say with a straight face that they think it’s in our best interest not to be able to make choices as to whom we trade with or not?
Market Misperceptions
By , Newsvine, 04/23/2008
MarketMinder's View: The general media doesn’t seem to care what reality they portray so long as it involves some sort of doomsday scenario.
Sensible Stories
By , Bloomberg, 04/23/2008
MarketMinder's View: Fears of a rate hike, and the implications for a reduced yen carry trade, are subsiding. See our past commentary “Foreign Currencies and the Yen Carry Trade,” 03/06/2007, for more.
Market Misperceptions
By , Barron’s, 04/23/2008
MarketMinder's View: A Bust? Loans may be hard to come by for those on the fringe, but borrowers with good credit have access to more and cheaper loans than they did a year ago.
Market Misperceptions
By , CNNMoney.com, 04/23/2008
MarketMinder's View: Oil prices have no meaningful correlation with stocks. And the recent runup in crude doesn’t seem to be much hampering corporate earnings: Most of those reporting Q1 2008 S&P 500 earnings so far have exceeded expectations.
Market Misperceptions
By , Reuters, 04/23/2008
MarketMinder's View: Don’t worry about weekly fluctuations of anything. Borrowing costs on a 30-year fixed-rate mortgage are actually lower than they were a year ago.
Sensible Stories
By , The Times, 04/23/2008
MarketMinder's View: “Regulating dating will strike most people as an absurd idea. And so it is. But no more absurd than the now popular idea that financial sector calamities, such as the current 'credit crisis' are the fault of insufficient regulation of the banking industry.”
Sensible Stories
By , CNNMoney.com, 04/23/2008
MarketMinder's View: More people seem to be trusting the market to sort out poor decisions on its own.
Sensible Stories
By , Real Clear Politics, 04/23/2008
MarketMinder's View: A reasonable assessment of current conditions.
Sensible Stories
By , Reuters, 04/23/2008
MarketMinder's View: The uncertainty surrounding the Democratic nominee and the outcome of the general election are likely to weigh on markets at least into the summer.
Market Misperceptions
By , The Wall Street Journal, 04/23/2008
MarketMinder's View: So the dollar has been weak and oil has been strong for the past 5 years and yet stocks have been quite strong—why would it be negative now and not then?
Sensible Stories
By , The Independent, 04/22/2008
MarketMinder's View: The Bank of England “isn’t just giving money away.” Increasing lending and accepting mortgage-backed securities as collateral isn’t a move to buy banks, but to inject liquidity and stimulate lending throughout the entire British economy. See our cover story, “A Design for Life” (4/21/2008), for more.
Sensible Stories
By , The Economist, 04/22/2008
MarketMinder's View: While some Eurozone countries are stronger economically, Spain is facing slower growth and is without a domestic central bank to intervene. Balancing Spain’s growth problems with the German bloc’s inflation fears highlights the dilemmas and inefficiencies the ECB regularly grapples with.
Market Misperceptions
By , The Wall Street Journal, 04/22/2008
MarketMinder's View: A lot of folks are waiting for the other shoe to drop, but we question whether this has the power to keep stocks down long-term.
Market Misperceptions
By , The New York Times, 04/22/2008
MarketMinder's View: Since when did the weakness of a few institutions in one sector automatically signal a “difficult recession ahead”?
Market Misperceptions
By , CNNMoney.com, 04/22/2008
MarketMinder's View: Whatever your view, government mandates and new regulation almost always cause more unintended harm than good. This is why stocks abhor excessive intervention.
Sensible Stories
By , Café Hayek, 04/22/2008
MarketMinder's View: Happy Capitalism Day everyone!
Sensible Stories
By , The Wall Street Journal, 04/22/2008
MarketMinder's View: The protectionist stance taken here goes against free access to markets.
Sensible Stories
By , Bloomberg, 04/22/2008
MarketMinder's View: It’s a shame this issue has become politicized. Free trade in North America has stimulated growth in all three participant countries. Reverting to protectionism and petty politics threatens progress.
Sensible Stories
By , MSNBC.com, 04/22/2008
MarketMinder's View: It will be awhile before Brazil is anything like a true world power, but Emerging Markets are expanding as infrastructure build-outs and increased demand fuel economic growth. These are good things for the global economy. See our cover story, “Bare Necessities… Big Opportunities” (4/22/2008), for more.
Market Misperceptions
By , The Telegraph, 04/22/2008
MarketMinder's View: The author even admits the dire predictions he makes are less likely in the wake of the BoE’s new liquidity injection. Beware apocalyptic sermons of foreign “bond vigilantes” destroying treasury securities in the UK and everywhere.
Sensible Stories
By , Bloomberg, 04/22/2008
MarketMinder's View: Labor unrest is unfortunate, but we do like to see increased privatization and competitiveness of state-owned industries.
Market Misperceptions
By , MSNBC.com, 04/22/2008
MarketMinder's View: More talk of Ragnarok. Until Loki finally lays siege to Asgard, we’re not going to hold our breath. Ignore.
Market Misperceptions
By , BBC News, 04/22/2008
MarketMinder's View: It’s darn near impossible to accurately predict labor supply—or anything else—so far ahead. We’re leery of new policies based on such shaky “data.”
Sensible Stories
By , Bloomberg.com, 04/22/2008
MarketMinder's View: So much for investors having trouble accessing cash!
Sensible Stories
By , City Journal, 04/21/2008
MarketMinder's View: Free markets sure make us happy!
Market Misperceptions
By , 04/21/2008
MarketMinder's View: We could have sworn this exact same story ran two months ago. Sentiment and such surveys aren’t predictive.
Sensible Stories
By , The Wall Street Journal, 04/21/2008
MarketMinder's View: How can allowing individuals to trade freely with individuals in other countries be a bad thing?
Market Misperceptions
By , The Wall Street Journal, 04/21/2008
MarketMinder's View: The article points out off-balance sheet items can decrease in value later, but it neglects to mention values can increase too!
Market Misperceptions
By , The Wall Street Journal, 04/21/2008
MarketMinder's View: Is it really that surprising that, of all CEOs, those operating in financial services might just be the most pessimistic? You’d likely get a different answer from some mining company CEOs.
Sensible Stories
By , Telegraph, 04/21/2008
MarketMinder's View: “A strange thing happens when some people comment on house prices. There is something close to an inversion of the logic that is applied to other economic issues.” Some interesting perspectives on today’s hottest global topic.
Market Misperceptions
By , Bloomberg.com, 04/21/2008
MarketMinder's View: Yes, prices are rising due to strong global demand, but it’s a mistake to discount the importance of American demand. As the article states, the US uses twice as much oil as China with about one-eighth the population.
Sensible Stories
By , Financial Times, 04/21/2008
MarketMinder's View: We’re pleased to see nations forgetting their rancorous past to embrace the benefits of free trade.
Market Misperceptions
By , Barron’s, 04/21/2008
MarketMinder's View: Folks always have something to say about their successors, but it doesn’t denote anything ominous. For more, see our cover story, “Everyone’s a Critic” (4/18/2008).
Sensible Stories
By , Financial Times, 04/21/2008
MarketMinder's View: Whether or not Russia forges international pacts, nationalized industries tend to fail eventually. For evidence, see how Mexico’s Pemex has fared (i.e., not well).
Sensible Stories
By , Telegraph, 04/21/2008
MarketMinder's View: The UK seems to be taking cues from the Fed. See our cover story, “A Design for Life,” (4/21/2008) for more.
Sensible Stories
By , The Wall Street Journal, 04/21/2008
MarketMinder's View: Think you’re evolved? Think again. Our basic instincts are still quite primitive, with emphasis on pride and vindication of self-importance. Beware reacting like a wild baboon regarding financial matters.
Market Misperceptions
By , The Independent, 04/21/2008
MarketMinder's View: The media has run out of worries related to the markets so they’ve moved on to a scarier crisis: birds.
Market Misperceptions
By , Chicago Tribune, 04/21/2008
MarketMinder's View: We think behavioral finance has yielded marvelous new insights, but we are not a fan of anything used to “nudge” behavior. Who decides what behavior is most desirable? Markets should run free, not be “nudged.”
Sensible Stories
By , New York Times, 04/21/2008
MarketMinder's View: The world economy benefits from the acceptance of advances in technology—why shouldn’t that relate to food?
Sensible Stories
By , The Wall Street Journal, 04/21/2008
MarketMinder's View: The world of unintended consequences of government intervention.
Sensible Stories
By , Financial Times, 04/18/2008
MarketMinder's View: Protectionism is never welcome.
Sensible Stories
By , The Wall Street Journal, 04/18/2008
MarketMinder's View: Natural gas prices, like oil and other commodities, are being driven higher by booming demand from global growth.
Market Misperceptions
By , The Wall Street Journal, 04/18/2008
MarketMinder's View: Favorable tax and royalty rates helped make Brazil a net oil exporter, and recent discoveries could make the country a major global player. The government should beware upping the tax burden and risking future exploration and growth.
Market Misperceptions
By , Bloomberg, 04/18/2008
MarketMinder's View: Expect plenty of headlines proclaiming a ‘suckers rally.’ Real suckers try to time corrections, which by definition move very quickly in both directions.
Sensible Stories
By , The Wall Street Journal, 04/18/2008
MarketMinder's View: Though not yet a pressing issue, this is something to keep an eye on.
Market Misperceptions
By , The Independent, 04/18/2008
MarketMinder's View: Whew—I guess we escaped Armageddon for now.
Market Misperceptions
By , Bloomberg, 04/18/2008
MarketMinder's View: Strong demand is no reason to fear high energy costs—economic growth makes individuals and societies wealthier and able to consume energy in the first place.
Sensible Stories
By , BBC News, 04/18/2008
MarketMinder's View: Doesn’t the road to entirely free trade always include a stop at the steakhouse?
Market Misperceptions
By , The Washington Post, 04/18/2008
MarketMinder's View: Public sentiment polls and surveys are lagging or,at best, coincident indicators.
Market Misperceptions
By , Bloomberg, 04/18/2008
MarketMinder's View: Actually, budget deficits historically haven’t hurt stock markets or economies, and may even benefit them. Nothing’s less productive than cash left lonely and friendless, imprisoned in a government vault.
Sensible Stories
By , CNBC.com, 04/18/2008
MarketMinder's View: Healthy balance sheets allow big companies to repurchase large blocks of their own shares. This reduces supply and boosts earnings per share—a good thing for stock prices.
Sensible Stories
By , MSNBC.com, 04/18/2008
MarketMinder's View: We don’t put too much weight on this index although it’s interesting to note that a relatively positive story such as this is relegated to the back page and every shred of negative data is front page news.
Market Misperceptions
By , Reuters, 04/18/2008
MarketMinder's View: Hysteric commentary like this should always be noted. It’s a classic sign of overly dour sentiment.
Sensible Stories
By , The Wall Street Journal, 04/18/2008
MarketMinder's View: Removing impediments to trade benefits both parties—we hope to see more headlines like this rather than dangerous protectionist sentiment.
Sensible Stories
By , Financial Post, 04/17/2008
MarketMinder's View: Maybe this means investors can quit worrying about it and see how attractively priced equities are at the moment.
Sensible Stories
By , Investor’s Business Daily, 04/17/2008
MarketMinder's View: There was never a doubt in our minds.
Sensible Stories
By , Bloomberg, 04/17/2008
MarketMinder's View: Though Shirakawa claims the BOJ will keep its policy of rate increases, it’s likely they won’t move rates much at all in the near-term, which is fine with us. Rising Japanese interest rates would be a risk to watch.
Sensible Stories
By , The Wall Street Journal, 04/17/2008
MarketMinder's View: Activity like this usually doesn’t happen in a contracting global economy.
Market Misperceptions
By , Bloomberg, 04/17/2008
MarketMinder's View: Poor Iceland! But with an economy the size of Bristol, England, this won’t have much global impact.
Market Misperceptions
By , Barron’s, 04/17/2008
MarketMinder's View: The market doesn’t schedule its tops and bottoms! Ignore predictions based solely on technical indicators—they are totally backwards looking.
Sensible Stories
By , Investor’s Business Daily, 04/17/2008
MarketMinder's View: Some may lament the growing number of global billionaires, but the truth is they’re enhancing the global economy—and many benefit from their success.
Market Misperceptions
By , The Australian, 04/17/2008
MarketMinder's View: Healthy industries leverage the global economy. Government programs preventing jobs from going elsewhere champion protectionism, and protectionism is far deadlier for jobs.
Sensible Stories
By , The Wall Street Journal, 04/17/2008
MarketMinder's View: The more countries allow their citizens to trade freely the better.
Sensible Stories
By , The Wall Street Journal, 04/17/2008
MarketMinder's View: More evidence many companies have balance sheets flush with cash. Extra cash allows flexibility in an environment ripe with opportunity. And as a percentage of assets, tech firms hold more cash than any other S&P 500 sector.
Market Misperceptions
By , The Washington Post, 04/17/2008
MarketMinder's View: Cherry-picking Fed statements leads to a grim picture indeed! While it’s clear growth in certain areas is slowing, the US economy overall is far from grim.
Sensible Stories
By , The Telegraph, 04/17/2008
MarketMinder's View: We don’t know exactly what the solution will be, but our guess is that innovative new technologies will continue to address problems related to food supply—just as they have for hundreds (and even thousands) of years.
Market Misperceptions
By , Times Online, 04/17/2008
MarketMinder's View: Wow—we’ve now reached the point where a fall in unemployment is greeted with pessimism.
Sensible Stories
By , Financial Times, 04/17/2008
MarketMinder's View: We believe we’re nowhere near running out of oil. But it’s worth noting the problems arising when nationalized oil industries reject outside investment towards energy exploration and production efforts. As with most protectionist oil countries, “Russia has much to gain by exploiting western expertise and technology.”
Market Misperceptions
By , Bloomberg, 04/16/2008
MarketMinder's View: Monthly numbers can be highly erratic, and shouldn’t be given too much credence. This isn’t the first time pundits have proclaimed rampant inflation based on a monthly reading.
Sensible Stories
By , The Wall Street Journal, 04/16/2008
MarketMinder's View: It’s interesting—this whole “21st century socialism” seems a heck of a lot like 20th century socialism. Unfortunately, we know where this is going—and it doesn’t look good.
Sensible Stories
By , CNNMoney.com, 04/16/2008
MarketMinder's View: As 1st quarter earnings begin to roll in, over three quarters of those reporting have beaten expectations.
Market Misperceptions
By , Associated Press, 04/16/2008
MarketMinder's View: Read beyond the headline and you’ll see the numbers are coming on the heels of an unusually low number, and are still nowhere near the levels seen earlier this decade.
Sensible Stories
By , Real Clear Politics, 04/16/2008
MarketMinder's View: Ignore election year rhetoric. See our 04/08/2008 cover story, “Free Love”, for more.
Market Misperceptions
By , The Wall Street Journal, 04/16/2008
MarketMinder's View: The horrors of a drop to 10.6% growth! Is this really worth losing sleep over?
Sensible Stories
By , The Motley Fool, 04/16/2008
MarketMinder's View: Global diversification offers many benefits, including a currency hedge.
Market Misperceptions
By , The Washington Post, 04/16/2008
MarketMinder's View: Local lawmakers don’t have a better track record than the Federales when it comes to legislating problems away—and with less than 2% of homes in foreclosure nationwide, this is an especially troubling development. See our recent cover story, “Pass the Corn” for more.
Sensible Stories
By , Briefing.com, 04/16/2008
MarketMinder's View: A reasonable and level-headed analysis of GDP for the 1st quarter.
Market Misperceptions
By , The Wall Street Journal, 04/16/2008
MarketMinder's View: So I guess if you had losses in 2007, that would’ve made you feel…better?
Sensible Stories
By , The Wall Street Journal, 04/16/2008
MarketMinder's View: We don’t agree price collusion is the way to go for the struggling airline industry, but we know more regulation from the FAA isn’t the answer.
Market Misperceptions
By , Reuters.com, 04/16/2008
MarketMinder's View: In fact, so far earnings have bested modest expectations.
Sensible Stories
By , Briefing.com, 04/16/2008
MarketMinder's View: It’s impossible to know if we’re out of the woods, but corrections usually end after a peak in hysteria.
Sensible Stories
By , The Independent, 04/16/2008
MarketMinder's View: It’s great news that protectionist rhetoric is just that and not preventing investment.
Sensible Stories
By , The Wall Street Journal, 04/15/2008
MarketMinder's View: Increased foreign investment is good for the global economy—and such expansions are taking place throughout the world.
Market Misperceptions
By , Bloomberg, 04/15/2008
MarketMinder's View: As the article points out, only one in every 538 households in the country is in foreclosure—less than 0.2%!
Sensible Stories
By , Bloomberg, 04/15/2008
MarketMinder's View: And some folks wonder why North Korea is in such perpetually bad shape…
Market Misperceptions
By , BBC News, 04/15/2008
MarketMinder's View: Sentiment is a lagging indicator and tells you nothing about future asset prices.
Sensible Stories
By , Times Online, 04/15/2008
MarketMinder's View: Dare we say that if forecast global growth of between 3.5-4% is “far stronger than during recent world recessions”, then rather than entering a mild recession we might not enter one at all?
Sensible Stories
By , MarketWatch, 04/15/2008
MarketMinder's View: It’s not the government’s responsibility to bail out stock investors. Imagine that—a Communist country teaching us a lesson about free markets!
Sensible Stories
By , BBC News, 04/15/2008
MarketMinder's View: Emotion blindsides investors, causing irrational moves. Sound investment strategies are based on discipline and fundamentals.
Sensible Stories
By , The New York Times, 04/15/2008
MarketMinder's View: While the global economic expansion has increased demand for grain, ill-advised government-mandated ethanol production limits supply. See our cover story, “Pass the Corn,” (4/15/2008) for more.
Market Misperceptions
By , International Business Times, 04/15/2008
MarketMinder's View: This logic simply does not hold under scrutiny. Gold as the antidote to credit problems? We think not.
Market Misperceptions
By , Times Online, 04/15/2008
MarketMinder's View: Protectionism invariably reduces trade and forces prices upwards, not downwards.
Sensible Stories
By , Times Online, 04/15/2008
MarketMinder's View: Whilst the threat of excessive regulation is generally bad news at least there is some recognition of the failings of the Sarbanes-Oxley Act and hopefully some lessons learned.
Market Misperceptions
By , CNNMoney, 04/15/2008
MarketMinder's View: As evidenced by low US 10-year treasury yields, the market’s expectations of future inflation remain benign.
Market Misperceptions
By , BusinessWeek, 04/15/2008
MarketMinder's View: Stocks are always volatile; short-term moves tell us nothing about long-term performance. There is no such thing as a “ceiling” for stock prices.
Market Misperceptions
By , Bloomberg.com, 04/14/2008
MarketMinder's View: We’re all for reducing food tariffs, but increasing export taxes can effectively negate the benefits. Ultimately, the solution to alleviating global food supply shortages is free trade.
Sensible Stories
By , Bloomberg.com, 04/14/2008
MarketMinder's View: Fact is, despite the few weak companies dominating headlines, many are financially well-positioned, with plenty of cash on the balance sheet. See our cover story, “Bellwether Blues,” (4/10/2008) for more.
Sensible Stories
By , The Wall Street Journal, 04/14/2008
MarketMinder's View: Central planning of an industry didn’t provide the expected results—how shocking! See “Socialist Serenade” for more on the benefits (or lack thereof) from government intervention.
Sensible Stories
By , The Wall Street Journal, 04/14/2008
MarketMinder's View: You want cheaper health care? Killing health insurance is one way.
Sensible Stories
By , The Wall Street Journal, 04/14/2008
MarketMinder's View: No, they’re not serving Pastrami and crab sandwiches (unfortunately)—but we can’t help but think that individuals will vote against these higher taxes with their feet, as they have across the country.
Sensible Stories
By , VoxEU, 04/14/2008
MarketMinder's View: Government expropriations can be damaging to pretty much everyone. For more, see our cover story, “Socialist Serenade” (4/14/2008).
Market Misperceptions
By , The New York Times, 04/14/2008
MarketMinder's View: “Why are we feeling so down?” Maybe it’s because people believe too much of this ultra-bearish commentary.
Market Misperceptions
By , Telegraph, 04/14/2008
MarketMinder's View: More ill-considered protectionism from the people’s republic of California.
Sensible Stories
By , Washington Post, 04/14/2008
MarketMinder's View: Outstanding—the term “crisis” seems to be continually re-defined.
Sensible Stories
By , The Economist, 04/14/2008
MarketMinder's View: It would be economically beneficial for developing nations to resist “the knee-jerk reaction to ban [markets] or intervene in them whenever they send unpleasant messages.”
Sensible Stories
By , Investor’s Business Daily, 04/14/2008
MarketMinder's View: Why is food so expensive now? Oh yeah. Governments mandated we burn it.
Sensible Stories
By , Financial Times, 04/14/2008
MarketMinder's View: We don’t hold out much hope for Congress doing much of anything and most times, that’s a good thing—but we sure would love to see more free trade deals.
Market Misperceptions
By , The Wall Street Journal, 04/14/2008
MarketMinder's View: While the dollar’s slide against the euro is notable, it hasn’t fallen much against a basket of currencies. Though recent commodities inflation may be somewhat tied to the weak dollar, shortages caused by notable droughts and increased global demand are more likely the cause.
Sensible Stories
By , The Wall Street Journal, 04/14/2008
MarketMinder's View: Unfavorable state taxation does nothing but push businesses and people out of the state—ultimately leaving states far worse off.
Sensible Stories
By , Barron’s, 04/14/2008
MarketMinder's View: A historical reminder that doomsday predictions aren’t worth more than a penny.
Market Misperceptions
By , Financial Times, 04/14/2008
MarketMinder's View: The fact remains: “For investment-grade corporates, though, debt seems not just cheap but plentiful.”
Sensible Stories
By , New York Post, 04/11/2008
MarketMinder's View: Bank lending continues to grow while lending rates fall. The crisis is more “about difficulties in selling or valuing exotic securities.” We agree.
Market Misperceptions
By , The Wall Street Journal, 04/11/2008
MarketMinder's View: Calling market or economic bottoms is almost impossible, most folks get it wrong—and that includes economists.
Sensible Stories
By , RealClearMarkets, 04/11/2008
MarketMinder's View: A good reminder that market discipline, though sometimes painful in the short term, is a far more effective custodian of progress than central planning.
Market Misperceptions
By , Washington Post, 04/11/2008
MarketMinder's View: Luckily, this is little more than election year strutting—the proposal’s provisions are modest and still face heavy opposition in both the House of Representatives and the White House.
Sensible Stories
By , The Wall Street Journal, 04/11/2008
MarketMinder's View: Whether or not flight cancellations are linked to congressional grandstanding, government micromanagement is good for no one.
Sensible Stories
By , The Wall Street Journal, 04/11/2008
MarketMinder's View: In the age of information, trade liberalization must be extended to services as well as goods. We hope continued dialogue in forums like Doha will promote free trade globally.
Market Misperceptions
By , Financial Times, 04/11/2008
MarketMinder's View: “No, it wasn’t our fault, it was them, really, they’re to blame.” Does anyone else feel like you’re 9 years old again?
Sensible Stories
By , The Wall Street Journal, 04/11/2008
MarketMinder's View: Outstanding! This is the type of legislation we like to see—allowing individuals more freedom to spend their money as they choose.
Market Misperceptions
By , Bloomberg, 04/11/2008
MarketMinder's View: Beyond hyperbolic comparisons to the Great Depression, this article forgets Financials have spent the last year writing down risky investments. And as it even admits, comparing the largest developed nation to a tiny developing one is a bit of a stretch.
Market Misperceptions
By , CNNMoney.com, 04/11/2008
MarketMinder's View: “But even out of a budget of $100 million a year, $70,000 still hurts.” No it doesn’t.
Market Misperceptions
By , The Economist, 04/11/2008
MarketMinder's View: So it’s no longer “if” the US is in a recession (at least to some), the big question now is how long it lasts and how long individuals need to wait to see a recovery. This type of pessimism is very representative of corrections, not the beginning of a bear market.
Market Misperceptions
By , Washington Post, 04/11/2008
MarketMinder's View: No one individual or elite group of individuals has the ability to fully comprehend the global economy. But compared to the legislatively feckless US Congress, large international assemblies are even less likely to inspire major global policy changes—a good thing for markets.
Market Misperceptions
By , Bloomberg, 04/10/2008
MarketMinder's View: Wait—it’s a recession because people are seeking bargains on flat panel TVs?
Market Misperceptions
By , The Wall Street Journal, 04/10/2008
MarketMinder's View: This article makes a widening gap sound bad. But historically, a larger trade deficit hasn’t hurt the US economy or stocks. Plus, the article fails to note the continued rise in exports.
Sensible Stories
By , Bloomberg, 04/10/2008
MarketMinder's View: Lowering corporate taxes is usually a net positive.
Sensible Stories
By , The Wall Street Journal, 04/10/2008
MarketMinder's View: Hedge funds have become a very “sexy” investment alternative. Unfortunately, many investors ignore many of the risks—caveat emptor.
Sensible Stories
By , BBC, 04/10/2008
MarketMinder's View: Global economic growth is a reality.
Market Misperceptions
By , San Francisco Chronicle, 04/10/2008
MarketMinder's View: Perceptions are out of whack. The last time Bay Area folks were this dour on the economy was in 2003—not a bad time to be invested.
Sensible Stories
By , Reuters, 04/10/2008
MarketMinder's View: “Basically, what we are seeing is hoarding of liquidity…” Our thoughts exactly—seems like there’s plenty of “cashola” available. While cash hoarding can present short-term problems, it doesn’t portend long-term troubles.
Sensible Stories
By , The Washington Times, 04/10/2008
MarketMinder's View: As for the Colombia FTA, “the economic benefits are clear.” We agree.
Sensible Stories
By , The Wall Street Journal, 04/10/2008
MarketMinder's View: The BOE’s key interest rate is lowered to address liquidity constraints. On balance, major central banks seem to be acting appropriately.
Sensible Stories
By , The New York Times, 04/10/2008
MarketMinder's View: Increased regulation undoubtedly curtails business efficiency—it just amounts to more money spent unproductively.
Market Misperceptions
By , Times Online, 04/10/2008
MarketMinder's View: So a global recession begins when growth falls to 3 percent or less, does it? That’s another new definition to us. Pretty soon, it’ll be impossible to avoid a recession whatever the economy is doing because we can just create another new definition.
Market Misperceptions
By , The Washington Post, 04/10/2008
MarketMinder's View: Missing: A rational view on NAFTA. Let’s be clear: In aggregate free trade benefits all countries involved. Countries won’t trade if there are no mutual benefits.
Sensible Stories
By , Bloomberg, 04/10/2008
MarketMinder's View: We’re glad to see China letting the free market do its thing to the yuan.
Market Misperceptions
By , MSNBC.com, 04/10/2008
MarketMinder's View: Didn’t we hear this fear at least two years ago? Surprises move markets, not widely discussed fears—this is effectively discounted into markets.
Market Misperceptions
By , MarketWatch, 04/10/2008
MarketMinder's View: The article offers 35 reasons why the market hasn’t bottomed yet. Here’s one: “Maltese dogs are still favored over Rottweilers by the elite Park Avenue crowd.” What does that even mean?
Market Misperceptions
By , Bloomberg, 04/09/2008
MarketMinder's View: Earnings headlines tend to focus on disappointments instead of the whole picture. Though earnings for the first quarter have just started to come in, over 85% of companies reporting thus far have either met or beat expectations. And be wary of attempts to explain daily movements in the stock market.
Market Misperceptions
By , Kiplinger Letter, 04/09/2008
MarketMinder's View: Are investors chasing high returns? Maybe they’re pricing in demand for commodities from a healthy and growing global economy. Regardless, bubbles don’t typically happen when folks are overly worried about them.
Sensible Stories
By , The New York Times, 04/09/2008
MarketMinder's View: While it’s hard to know what the new governor will do, it’s good to finally have a hand on the tiller of the world’s second largest economy.
Market Misperceptions
By , Financial Times, 04/09/2008
MarketMinder's View: The blame game is in full swing right now, but opportunities don’t present themselves in the rearview mirror—the future looks attractive.
Market Misperceptions
By , Reuters, 04/09/2008
MarketMinder's View: All together now: There is no meaningful correlation between oil prices and the stock market.
Sensible Stories
By , Financial Times, 04/09/2008
MarketMinder's View: “The mass media - and the internet - appear to prefer pessimism, false science and bogus reasoning.” That sounds about right.
Sensible Stories
By , RealClearMarkets, 04/09/2008
MarketMinder's View: “And if Washington simply steps aside, today’s property and employment showdowns will surely father more success stories.” Well said.
Market Misperceptions
By , The Wall Street Journal, 04/09/2008
MarketMinder's View: A recession is always possible—and we’ll know more when first quarter GDP is announced in a few weeks—but in our view expectations remain too dour.
Market Misperceptions
By , Bloomberg, 04/09/2008
MarketMinder's View: We are totally conscious the dollar will rise again.
Sensible Stories
By , RealClearPolitics, 04/09/2008
MarketMinder's View: Increased regulation creates more inefficiencies than it cures.
Sensible Stories
By , The Wall Street Journal, 04/09/2008
MarketMinder's View: The silver lining for high energy prices: Companies are incented to bring more of it to the market. We’re not going to run out of energy anytime soon.
Sensible Stories
By , The Wall Street Journal, 04/09/2008
MarketMinder's View: The Fed has more options at its disposal than lowering interest rates, but for now they are just considerations—the markets are functioning normally.
Sensible Stories
By , Newsweek, 04/09/2008
MarketMinder's View: Regulators have no way to anticipate the shakeout of market innovations.
Sensible Stories
By , Bloomberg, 04/09/2008
MarketMinder's View: Investors buying written down loans at 90 cents on the dollar? It’s hard to know when the fears surrounding sub-prime loans will abate, but this is a good sign.
Sensible Stories
By , 04/09/2008
MarketMinder's View: Don’t believe the political rhetoric in an election year. See this Monday’s story “Free Love” for more.
Sensible Stories
By , The New York Times, 04/08/2008
MarketMinder's View: Privatization of Mexico’s oil industry is likely the key to future profitability and political stability there. It’s important to keep an eye on the advent of free markets abroad.
Sensible Stories
By , The Wall Street Journal, 04/08/2008
MarketMinder's View: Freedom and capitalism are a boon to prosperity, authoritarianism a bane. In few places is this as starkly illustrated than in the contrast between Botswana and Zimbabwe.
Market Misperceptions
By , Bloomberg, 04/08/2008
MarketMinder's View: $945 billion is a big, scary number, but it’s still less than 2% of global GDP.
Market Misperceptions
By , The Wall Street Journal, 04/08/2008
MarketMinder's View: We like tax reductions, but not if they come with a slew of new regulations.
Sensible Stories
By , The Wall Street Journal, 04/08/2008
MarketMinder's View: We still have some time before many of these tax cuts expire, and much time for politicians to use these at the negotiating table. Markets normally discount these events well in advance, but now is probably too early for it to apply to markets this year. Further, historically, changes in capital gains rates have not always had the immediate positive or negative impact that most assume.
Market Misperceptions
By , CBS News, 04/08/2008
MarketMinder's View: This survey is only seven years old—too short a period to yield meaningful results.
Sensible Stories
By , RealClearMarkets, 04/08/2008
MarketMinder's View: “Entrepreneurial capitalism,” not regulation, is the key to sustained economic growth.
Market Misperceptions
By , The Telegraph, 04/08/2008
MarketMinder's View: The bearish signs are still there? Yes, the very signs that were priced into the markets months ago. Is the credit squeeze really news that will create an impact now?
Market Misperceptions
By , Financial Times, 04/08/2008
MarketMinder's View: Nothing keeps us up at night more than nightmares about politicians trying to engineer a “SarbOx” for financial institutions.
Market Misperceptions
By , The New Republic, 04/08/2008
MarketMinder's View: Derivatives aren’t an evil force requiring increased regulation. They are a tactic for mitigating risk in financial markets.
Sensible Stories
By , The Wall Street Journal, 04/08/2008
MarketMinder's View: Remember when the government legislated to force companies to make lighter computers at a lower price? Oh right—that didn’t happen! This is competition in a free market at work!
Sensible Stories
By , Investor’s Business Daily, 04/08/2008
MarketMinder's View: Seventy-five of Colombia’s labor unions favor free trade, saying it “…creates jobs and breaks up vested oligarchies.” We agree!
Sensible Stories
By , Café Hayek, 04/08/2008
MarketMinder's View: A reminder! There are three kinds of lies, and the worst is “statistics.”
Market Misperceptions
By , Barron’s, 04/07/2008
MarketMinder's View: If investors should ignore gains booked on declining value of debt, shouldn’t they also ignore losses booked on securities held? We’re just saying . . .
Market Misperceptions
By , The Wall Street Journal, 04/07/2008
MarketMinder's View: If Northern Rock is any proof, increased government regulation won’t solve UK banking problems.
Market Misperceptions
By , Telegraph, 04/07/2008
MarketMinder's View: Discriminating against foreign investments will cause far more harm than good.
Sensible Stories
By , Dow Jones Newswires, 04/07/2008
MarketMinder's View: Big names continue to highlight the availability of liquidity in cash- and debt-financed deals.
Sensible Stories
By , Financial Times, 04/07/2008
MarketMinder's View: Portions of the debt market are operating fairly well, despite claims to the contrary.
Sensible Stories
By , National Post, 04/07/2008
MarketMinder's View: Great to hear—there is nothing worse than an overreaction by politicians and regulators.
Sensible Stories
By , The Chicago Tribune, 04/07/2008
MarketMinder's View: We <3 free trade. History shows free trade in aggregate has lowered costs, raised the quality of life, and provided new economic opportunities.
Market Misperceptions
By , CNNMoney.com, 04/07/2008
MarketMinder's View: Markets seem to like this news, but remember: Adding stock supply is not a market positive. Fortunately, we haven’t seen a wave of new stock supply, but we remain watchful.
Sensible Stories
By , Telegraph, 04/07/2008
MarketMinder's View: Not surprisingly, developed countries with successful economies tend to have “smaller governments which spend less, waste less and tax less.”
Sensible Stories
By , The Wall Street Journal, 04/07/2008
MarketMinder's View: “Market-based solutions, rather than heavy-handed regulatory reactions, are likely to be most effective.” We wholeheartedly agree.
Sensible Stories
By , Times Online, 04/07/2008
MarketMinder's View: The interpretation of a "recession" has become so blurred that soon enough, we’ll be able to say the world is perpetually on the brink of recession. It’s not.
Sensible Stories
By , BBC News, 04/07/2008
MarketMinder's View: Think your money’s safe in cash? Think again. Folks forget to account for inflation’s impact…and rampaging termites!
Sensible Stories
By , Financial Times, 04/07/2008
MarketMinder's View: About time! The Bank of Japan finally has a new central bank head. Don’t forget to keep your eye on central bank activity around the world.
Market Misperceptions
By , Motley Fool, 04/07/2008
MarketMinder's View: While the “glass half full” attitude is nice (we suppose), this still misses the mark. The article presupposes we’re in recession—and we have yet to see one negative quarter of GDP growth!
Sensible Stories
By , Financial Times, 04/07/2008
MarketMinder's View: While this is still early, more free trade would benefit both regions tremendously.
Market Misperceptions
By , CNNMoney, 04/07/2008
MarketMinder's View: While money spent on gas has increased for individuals over the past few years, per capita income has increased even more, dampening the effect of higher prices.
Sensible Stories
By , Forbes, 04/04/2008
MarketMinder's View: “While U.S. subprime losses will reach into the hundreds of billions of dollars, the world now earns that amount every three days.” Investors must properly scale current economic turbulence.
Sensible Stories
By , The Wall Street Journal, 04/04/2008
MarketMinder's View: Eliminating tariffs on US exporters to encourage more trade is exactly the right thing to do for the global economy.
Sensible Stories
By , Bloomberg, 04/04/2008
MarketMinder's View: BOJ developments are worth keeping an eye on. Shirakawa doesn’t seem to have much opposition, and on balance, this should ease anxieties over the current lack of leadership.
Market Misperceptions
By , The New York Times, 04/04/2008
MarketMinder's View: Egad! As capitalists you bet we fear reactionary regulation.
Market Misperceptions
By , The Wall Street Journal, 04/04/2008
MarketMinder's View: Mutual fund flows don’t tell squat about market direction—they tell you about herd mentality. Following the herd is usually a bad decision when it comes to long-term investing.
Sensible Stories
By , Bloomberg, 04/04/2008
MarketMinder's View: When taxes are raised beyond need, taxpayers seek alternatives—like moving to areas with favorable tax laws.
Market Misperceptions
By , The Wall Street Journal, 04/04/2008
MarketMinder's View: Inappropriate state legislation should be feared no less than federal legislation. Note the current national average of foreclosures: 1.08%! That means 98.92% of homes are NOT in foreclosure. Yes, there are problems in today’s housing market, but hard to call it a true crisis.
Market Misperceptions
By , The Wall Street Journal, 04/04/2008
MarketMinder's View: Despite ongoing dire predictions, US consumers should hold up better than most expect. Plus, dire spin on rising credit card debt is overwrought.
Market Misperceptions
By , Washington Post, 04/04/2008
MarketMinder's View: One month’s worth of employment data isn’t cause for panic or conclusions of any kind.
Market Misperceptions
By , The New York Times, 04/04/2008
MarketMinder's View: God forbid savvy investors buy when things look cheap! A wise man once said, “Be greedy when others are fearful…” Isn’t it good to buy low, then sell high?
Sensible Stories
By , The Wall Street Journal, 04/04/2008
MarketMinder's View: Many companies see opportunity in continued global M&A activity.
Sensible Stories
By , Bloomberg, 04/03/2008
MarketMinder's View: The economy may be temporarily slowing, but a deep slump is still unlikely.
Market Misperceptions
By , Reuters, 04/03/2008
MarketMinder's View: The jobless number is an inflexible, arbitrary threshold— not something to base investing decisions on.
Sensible Stories
By , RealClearPolitics, 04/03/2008
MarketMinder's View: What’s the likely underlying motivation for current Senate legislation? It’s an election year and politicians want to look like they’re doing something.
Market Misperceptions
By , The New York Times, 04/03/2008
MarketMinder's View: Tens of thousands (in a labor force of millions) are being forced to put their careers on hold by a weak housing market. When did homeowners being offered promotions become worrisome?
Sensible Stories
By , Financial Times, 04/03/2008
MarketMinder's View: China’s strong growth is a boon to more than just Australians.
Market Misperceptions
By , Times Online, 04/03/2008
MarketMinder's View: With the economy still growing, Bernanke should probably hold off on uttering these words. Especially with global growth forecasts being above historical averages.
Market Misperceptions
By , International Business Times, 04/03/2008
MarketMinder's View: Let us get this straight: Rates on prime lending, commercial paper, and conventional mortgages are all lower, but since jumbo loan rates (unusually large mortgage loans) are up, the Fed’s actions are futile? That’s just silly.
Sensible Stories
By , CNNMoney.com, 04/03/2008
MarketMinder's View: Profiting long-term from day trading is rare, requiring more luck than skill. Add in higher short-term capital gains taxes and commissions and, “the more you trade, the more you fall behind.” It’s better to stick to a proven long-term strategy.
Market Misperceptions
By , MSN Money, 04/03/2008
MarketMinder's View: Stocks’ wild ride is never over—volatility and risk are intrinsic to stock investing and that’s never going to change.
Sensible Stories
By , Briefing.com, 04/03/2008
MarketMinder's View: With so much attention on short-term economic indicators, here’s a worthwhile analysis of what it all really means.
Sensible Stories
By , Los Angeles Times, 04/03/2008
MarketMinder's View: While folks are fretting municipal bond fallout, this is a good reminder of how muni bonds work and how they are rated. Remember! All investing involves risk of loss.
Sensible Stories
By , Newstex, 04/02/2008
MarketMinder's View: Not only was Bear Stearns’ sale not a “bail out,” it will likely be profitable for the Fed. Remember, recent write downs are not actual losses—the underlying assets may eventually be worth much more than today’s valuations.
Sensible Stories
By , Kiplinger, 04/02/2008
MarketMinder's View: A Fearcession? Genius! Corrections are usually driven by emotion, not weak fundamentals.
Market Misperceptions
By , Barron’s, 04/02/2008
MarketMinder's View: Suggesting the SEC letter gives banks “an out” from mark-to-market standards and is a step backward for market transparency toward a “Japanese-style ‘lost decade’” is overwrought, apocalyptic sentiment.
Market Misperceptions
By , Times Online, 04/02/2008
MarketMinder's View: Yesterday, the talk was of the credit crunch being over; today, we’re back in recession. Short term price moves tell you nothing.
Market Misperceptions
By , CNNMoney.com senior writer, 04/02/2008
MarketMinder's View: Bernanke’s comments regarding a flat start to the year are pointed to the US economy—expectations for global growth continue to be robust.
Sensible Stories
By , The Wall Street Journal, 04/02/2008
MarketMinder's View: Any competition laws passed are likely to be to the detriment of the economy. We hope the policy makers in Hong Kong realize this.
Market Misperceptions
By , Bloomberg.com, 04/02/2008
MarketMinder's View: Slower growth is still growth, and 3.7% growth is above historical averages—and certainly doesn’t deserve references to the Great Depression.
Market Misperceptions
By , CNNMoney.com, 04/02/2008
MarketMinder's View: That ticking sound you hear is the clock winding down on an election year—aggressive legislation will do more harm than good.
Market Misperceptions
By , Reuters, 04/02/2008
MarketMinder's View: The last time orders for new machinery fell this much was January 2004—a fine time for the economy and for stocks. Ignore monthly numbers.
Market Misperceptions
By , Bloomberg.com, 04/02/2008
MarketMinder's View: Sales may have been down, but good luck finding a bargain in Manhattan—prices increased to record levels in the first quarter. Housing strength varies greatly from region to region, and foreclosures are far from the norm.
Sensible Stories
By , 04/02/2008
MarketMinder's View: Some absurdities of the Congressional grilling of oil executives.
Sensible Stories
By , Motley Fool, 04/02/2008
MarketMinder's View: “The best investors zig when the markets zag, so while the world mopes, the long-term investor should have cause to celebrate.” We agree.
Market Misperceptions
By , International Business Times, 04/01/2008
MarketMinder's View: We know Congress is desperate for a scapegoat for high oil prices, but blaming corporate profitability is a red herring. Increased profitability is one of the tenets of capitalism and a good and glorious thing.
Sensible Stories
By , The Telegraph, 04/01/2008
MarketMinder's View: Some little noticed but powerful economic positives.
Market Misperceptions
By , MSNBC, 04/01/2008
MarketMinder's View: When headlines question exactly how bad it’s going to get, know lots of people are likely to be surprised to the upside.
Sensible Stories
By , The Telegraph, 04/01/2008
MarketMinder's View: We were getting bored of reading ‘old news’ stories about subprime, recessions and the credit crunch. There are plenty of reasons to be bullish too.
Market Misperceptions
By , The Telegraph, 04/01/2008
MarketMinder's View: The Icelandic Contagion continues! Things don’t look great over there, but it’s important to remember Iceland doesn’t lead the global economy.
Market Misperceptions
By , Fortune, 04/01/2008
MarketMinder's View: We’re not saying all is dewdrops and lemonade on Wall Street at this precise moment, but markets have a long history of righting themselves far better without aggressive government jiggering.
Sensible Stories
By , The Motley Fool, 04/01/2008
MarketMinder's View: A good reminder prevailing investor sentiment is a lousy market indicator.
Market Misperceptions
By , CBS News, 04/01/2008
MarketMinder's View: As the subtext says, the “forecast is still robust.” Slower growth is still growth; this is true for China and everywhere, and bodes well for the global economy.
Market Misperceptions
By , Financial Times, 04/01/2008
MarketMinder's View: Do we really consider commodities to be a ‘safe harbour’?
Sensible Stories
By , BBC News, 04/01/2008
MarketMinder's View: Like most places in the world, unemployment in Germany remains benign. Another sign the global economy is healthier than current overly-dire predictions.
Sensible Stories
By , The Wall Street Journal, 04/01/2008
MarketMinder's View: It’s not just America that loses out. Skilled workers create employment around them and this in turn leads to economic growth, both domestically and globally.
Sensible Stories
By , Briefing.com, 04/01/2008
MarketMinder's View: An excellent piece on why single indicators tell us nothing about overall economic health. Though a couple economic areas are struggling, others are fine, and others more than fine. Investors must consider the whole of the economy, not just the parts making gloomy headlines.
Market Misperceptions
By , The Independent, 04/01/2008
MarketMinder's View: Here’s a new one—the food stamp indicator! We think the sentiments contained herein are perhaps a bit overwrought.