Home → Fisher Investments MarketMinder Headlines → 04-2009 Archives

Sensible Stories
By , The Wall Street Journal, 04/30/2009
MarketMinder's View: A fantastic goal, but what politicians do is more telling than what they say. Hopefully, actions follow these words.
Sensible Stories
By , The Wall Street Journal, 04/30/2009
MarketMinder's View: The economy isn’t out of the woods yet, but there are encouraging signs a recovery isn’t as far off as many believe.
Market Misperceptions
By , Bloomberg, 04/30/2009
MarketMinder's View:
When has investing ever been easy? We’ve said it before, and we’ll say it again, stocks are cheaper now than they have been for a long time—and historically, their returns trump those of any other asset class over time.
Sensible Stories
By , Bloomberg, 04/30/2009
MarketMinder's View: Capitalism is alive and well.
Market Misperceptions
By , 24/7 Wall Street, 04/30/2009
MarketMinder's View:
The sheer size of monetary and fiscal stimulus means regulators, flawed as their decision-making might be, needn’t be perfect for the economy and stock market to get a boost. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Market Misperceptions
By , The Growth Stock Wire, 04/30/2009
MarketMinder's View:
Gold isn’t the safe haven gold bugs claim. In fact, returns on gold have lagged even Treasury bonds, with much more volatility.
Sensible Stories
By , The Wall Street Journal, 04/30/2009
MarketMinder's View: It’s been a long and painful path, but the automaker and US government finally realize Chapter 11 is the best option.
Sensible Stories
By , The Wall Street Journal, 04/30/2009
MarketMinder's View: A cogent look at the root causes of GM and Chrysler’s demise—and sensible strategies for the companies’ future recovery.
Market Misperceptions
By , Seeking Alpha, 04/30/2009
MarketMinder's View:
“Sell in May, go away” is just one out of many investing axioms that simply doesn’t hold water. This strategy is especially dubious on the heels of a huge bear market.
Market Misperceptions
By , MarketWatch, 04/29/2009
MarketMinder's View:
Don’t heed this advice—cries of a bear market rally are typical in the late stages of a bear market and shouldn’t worry investors.
Sensible Stories
By , Daily Finance, 04/29/2009
MarketMinder's View: Today, the stock market is rallying despite dour economic data in expectation of better times ahead. We expect the market to continue discounting future economic improvement.
Market Misperceptions
By , The Washington Post, 04/29/2009
MarketMinder's View: “Improvement merely means the decline is slowing.” Isn’t that the first step toward renewed growth?
Sensible Stories
By , Time, 04/29/2009
MarketMinder's View: Efforts to shore up the housing market continue.
Market Misperceptions
By , MarketWatch, 04/29/2009
MarketMinder's View: It’s true today’s GDP report wasn’t all rosy. But it’s backward looking and includes plenty to be optimistic about in the future.
Market Misperceptions
By , Yahoo Finance, 04/29/2009
MarketMinder's View:
Unemployment is a lagging indicator and will likely continue to increase even after the economy begins its recovery.
Sensible Stories
By , Telegraph, 04/29/2009
MarketMinder's View: The massive amount of money pushed into the financial system should instill a lot of confidence.
Sensible Stories
By , The Wall Street Journal, 04/29/2009
MarketMinder's View: Firms receiving government funds then paying out substantial bonuses might not seem palatable to many, but losing key employees is likely the alternative.
Market Misperceptions
By , Bloomberg, 04/29/2009
MarketMinder's View: “The question now is whether this disease will morph into an international disaster that will devastate markets.” And the answer to that question is almost assuredly no. See our 4/28/09 cover story, “This Little Piggy,” for more. 
Sensible Stories
By , Financial Times, 04/28/2009
MarketMinder's View: All good news. Banks are lending to one another, lowering rates and easing credit.
Sensible Stories
By , Guardian, 04/28/2009
MarketMinder's View: Fears over a dearth of buyers for UK debt are overblown.
Sensible Stories
By , Bloomberg, 04/28/2009
MarketMinder's View: Emerging economies are becoming important sources of demand. Access to those fast-growing markets is yet another reason trade benefits all economies.
Market Misperceptions
By , Bloomberg, 04/28/2009
MarketMinder's View:
Restructuring outside of bankruptcy seems unnecessarily convoluted. A pre-arranged Chapter 11 filing would likely be more efficient.
Sensible Stories
By , EU Business, 04/28/2009
MarketMinder's View: Free trade prevails!
Market Misperceptions
By , MSNBC.com, 04/28/2009
MarketMinder's View:
Additional capital raised by a select few banks is a negative for shareholders in those institutions, but it’s unlikely to inhibit core banking operations.
Market Misperceptions
By , CNN Money, 04/28/2009
MarketMinder's View:
“A quick and extensive swine flu epidemic could derail a global economic recovery, and even prolong and deepen the worldwide recession.” Initial alarm over the swine flu will likely far outweigh the actual economic impact. See today’s cover story, “This Little Piggy,” for more. 
Market Misperceptions
By , The New York Times, 04/28/2009
MarketMinder's View:
Efforts to get credit flowing aren’t at odds with the interests of the unemployed. A healthy financial system is essential to a healthy economy.
Market Misperceptions
By , The New York Times, 04/28/2009
MarketMinder's View:
Times are tough for a lot of people as they are in any economic downturn. But the economy will recover.
Market Misperceptions
By , Telegraph, 04/27/2009
MarketMinder's View:
It’s no secret credit issues have been a major factor in the global economic turmoil, but major sovereign nations are far from tapped out.
Market Misperceptions
By , Guardian, 04/27/2009
MarketMinder's View:
The potential for a new, unknown event to come out of nowhere and knock the economy and stock market off track always exists. But barring something completely out of the blue and unrelated to issues that have already weighed on stock prices, a sustained market recovery should take hold before long.
Market Misperceptions
By , Reuters, 04/27/2009
MarketMinder's View: Any market reaction to an exceedingly unlikely swine flu pandemic is a reflection of fear-based sentiment, not rational economic probabilities.
Sensible Stories
By , CNN Money, 04/27/2009
MarketMinder's View: While the economy may continue to contract, concerns about an “unremitting freefall” are abating.
Sensible Stories
By , The New York Times, 04/27/2009
MarketMinder's View: Great points on bear market recoveries, properly calculating returns, and flaws in the Dow Jones Industrial Average.
Sensible Stories
By , Reuters, 04/27/2009
MarketMinder's View: Cost-cutting is a step in the right direction for GM, but a pre-arranged Chapter 11 bankruptcy is still probably the most expeditious way to turn the company around.
Market Misperceptions
By , MSN Money, 04/27/2009
MarketMinder's View: Monetary and fiscal stimuli have been enormous and appropriate in the current environment. This is bullish and not currently worrisome.
Sensible Stories
By , The Wall Street Journal, 04/27/2009
MarketMinder's View: “Now is no time for protectionism.” Agree—global trade benefits all countries.
Sensible Stories
By , New York Times, 04/24/2009
MarketMinder's View: Here’s a look at the highly anticipated results from bank stress tests—in truth, not much new information emerged.
Sensible Stories
By , MorningStar, 04/24/2009
MarketMinder's View: A balanced perspective on how investment banking is likely to move forward from here.
Sensible Stories
By , USA Today, 04/24/2009
MarketMinder's View: A positive signal for credit markets—banks are relying less on Fed-backed debt.
Market Misperceptions
By , The Economist, 04/24/2009
MarketMinder's View:
“The worst thing for the world economy would be to assume the worst is over.” This simply spins today’s news into something overly negative. An accurate appraisal of reality is what investors need—being overly dour or optimistic are both damaging.
Market Misperceptions
By , USA Today, 04/24/2009
MarketMinder's View:
Yes, inflation could be a problem in the years ahead—but not until then. For now, monetary and fiscal stimulus must have time to do their work. Preparing for inflation before it comes is like putting on a raincoat mid-summer.
Market Misperceptions
By , American Thinker, 04/24/2009
MarketMinder's View:
Don’t be so quick to judge. No stimulus is ever perfect and it takes time for its effects to materialize, especially with the unprecedented amount of stimulus through this cycle.
Market Misperceptions
By , Daily Mail, 04/24/2009
MarketMinder's View: Blaming the credit crunch for people’s unhealthy eating habits is a bit absurd. Ignore. 
Sensible Stories
By , New York Times, 04/24/2009
MarketMinder's View: If interested in the details behind the bank stress tests, take a look at this.
Market Misperceptions
By , USA Today, 04/23/2009
MarketMinder's View:
This is turning into a circus. Let the auto makers file for Chapter 11 and get much-needed restructuring. See our 03/31/2009 cover story, “Tick Tock, Autos,” for more.
Sensible Stories
By , The Washington Post, 04/23/2009
MarketMinder's View: Already, we’re seeing the benefits of loosening inappropriately applied mark-to-market accounting rules.
Sensible Stories
By , Time, 04/23/2009
MarketMinder's View: A fairly good description of how the VIX measures market volatility.
Sensible Stories
By , The Wall Street Journal, 04/23/2009
MarketMinder's View: A clear-eyed, well-reasoned look into why the “Wall Street bailout” is not as expensive as many feared.
Market Misperceptions
By , MSN Money, 04/23/2009
MarketMinder's View:
Yes, the global economy is a mess—but it will improve, and stocks are likely to move higher well before it does.
Market Misperceptions
By , MarketWatch, 04/23/2009
MarketMinder's View:
Not good news, but the stock market has always turned higher before employment improves. See our 11/04/2008 cover story, “The Ultimate Leading Indicator,” for more.
Sensible Stories
By , The Times, 04/23/2009
MarketMinder's View: “Accountants said that the changes might lead to an exodus of high-earners from Britain.” Mr. Darling could learn the hard way raising taxes will likely do more harm than good.
Market Misperceptions
By , Bloomberg, 04/23/2009
MarketMinder's View:
Inflation could be a significant concern—but not until some unknown time in the future. In our view, monetary expansion has been appropriate to prevent further economic contraction. Focusing too much on inflation that may or may not arise in the future is the wrong prescription. For more, see our 04/15/2009 cover story, “A Stimulative Spark.”
Market Misperceptions
By , Moneynews.com, 04/23/2009
MarketMinder's View:
Someone should tell Mr. Rogers that Bill Gates got rich not because he didn’t diversify, but because he founded a little company called Microsoft.
Market Misperceptions
By , The Wall Street Journal, 04/23/2009
MarketMinder's View:
In our view, a depression or an L-shaped recovery is unlikely in the face of massive, unprecedented global stimulus. Over time, the flush of cash will make its way through the system. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Sensible Stories
By , The Globe and Mail, 04/23/2009
MarketMinder's View: We continue to see stimulus efforts by governments worldwide.
Sensible Stories
By , Daily Finance, 04/23/2009
MarketMinder's View: “I’m just not sure that more regulation is the way to help consumers and the credit card companies out of this mess.” Amen.
Market Misperceptions
By , The Growth Stock Wire, 04/22/2009
MarketMinder's View:
“The real purpose of the market is to separate the public from their long-term savings.” This is wrong. Even including the bears, markets have overwhelmingly contributed to long-term growth in wealth.
Sensible Stories
By , The Wall Street Journal, 04/22/2009
MarketMinder's View: We agree, just let GM fail already and allow it to restructure via Chapter 11 instead of putting off the inevitable. See our 03/31/2009 story, “Tick Tock, Autos,” for more.
Sensible Stories
By , The Wall Street Journal, 04/22/2009
MarketMinder's View: So far this is only a proposal, but investors should keep an eye on it.
Sensible Stories
By , The Wall Street Journal, 04/22/2009
MarketMinder's View: “The measure of innovators is not in the mistakes they make, but in the lessons they learn.”
Sensible Stories
By , The Los Angeles Times, 04/22/2009
MarketMinder's View: Many potential investors continue to balk at the Treasury’s PPIP.
Sensible Stories
By , The Wall Street Journal, 04/22/2009
MarketMinder's View: If banks want to pay the government back, let them. See our 03/04/2009 story, “Washington Waffles,” for more.
Sensible Stories
By , The Wall Street Journal, 04/22/2009
MarketMinder's View: Global stimulus continues—good news.
Sensible Stories
By , Guardian, 04/22/2009
MarketMinder's View: The new UK budget isn’t huge news on the global scene, and much of it was widely anticipated. But it’s worth keeping an eye on—increasing taxes in difficult economic times is often the wrong policy. To its credit, the UK government has been a leader in monetary stimulus recently.
Market Misperceptions
By , The Wall Street Journal , 04/22/2009
MarketMinder's View:
Economic woes will linger, no doubt. But investors will do well to remember stocks typically begin a new bull market long before the economy turns.
Market Misperceptions
By , breakingviews.com, 04/22/2009
MarketMinder's View:
Or the best may be yet to come. No one knows for sure whether the market or economy has definitely bottomed, but we do know there’s some good news out there.
Market Misperceptions
By , Reuters, 04/21/2009
MarketMinder's View: One step forward and two steps back. If the government really wanted to help the auto makers, they’d let them file Chapter 11.
Sensible Stories
By , Fortune, 04/21/2009
MarketMinder's View: If they can and want to, why not?
Market Misperceptions
By , MarketWatch, 04/21/2009
MarketMinder's View: Actually, banks are lending, and steeply positive yield curves make it extremely profitable to do so.
Market Misperceptions
By , The New York Times, 04/21/2009
MarketMinder's View:
Out of “thin air?” Hardly. Out of repealing the ill-considered FAS 157 mark-to-market accounting rule sounds more like it.
Market Misperceptions
By , The Wall Street Journal, 04/21/2009
MarketMinder's View: Due diligence is everyone’s responsibility, rather than the sole burden of financial institutions.
Sensible Stories
By , MarketWatch, 04/21/2009
MarketMinder's View: The government’s really backed itself into a corner with its bank stress tests. But government actions following test results could shed light on its ability to learn from past mistakes. See our 4/16/2009 cover story, “The Government’s Learning Curve,” for more.
Market Misperceptions
By , 24/7 Wall Street, 04/21/2009
MarketMinder's View:
It’s easy to get caught up in the daily tangle of economic data, but remember, the stock market is the ultimate leading economic indicator. Many economic data frequently cited in media tend to be backward-looking and/or untimely.
Sensible Stories
By , The Wall Street Journal, 04/21/2009
MarketMinder's View: Changing financial rescue plans create uncertainty for all participants and can drastically draw out bank recoveries.
Sensible Stories
By , The Wall Street Journal, 04/21/2009
MarketMinder's View: Not only is economic recovery possible in the near future, but there’s “some chance it could be stronger than expected.”
Sensible Stories
By , Fox Business, 04/20/2009
MarketMinder's View: Banks used favorable Q1 conditions to make profits—a good sign overall for financial sector health.
Market Misperceptions
By , New York Times, 04/20/2009
MarketMinder's View:
Times are tough in Ireland, no doubt. But it’s hardly accurate to compare an economy as diverse as America’s to Ireland’s relatively more tiny and less diverse economy.
Market Misperceptions
By , Bloomberg, 04/20/2009
MarketMinder's View:
There’s no way to time an economic recovery perfectly. But stocks will likely lead the way by at least several months—the most significant investor risk is missing the initial surge.
Sensible Stories
By , Café Hayek, 04/20/2009
MarketMinder's View: “This justification for protectionism—that protectionist policies are justified because they diminish pain and anxiety today, while the costs of protectionism emerge only in the less-significant tomorrow—is faulty on a variety of fronts.”
Sensible Stories
By , Financial Times, 04/20/2009
MarketMinder's View: We have to disagree with the government’s assessment that it’s best qualified to pick winners and losers in Finance.
Market Misperceptions
By , CNNMoney, 04/20/2009
MarketMinder's View:
No doubt, stimulus money—like all government money—can and will initially be spent stupidly. Stimulus is never perfect. But eventually, that stimulus money gets spent and respent and respent again, averaging out to normal. For more, see our 3/13/2009 cover story, “Savvy Cities.”
Sensible Stories
By , CNNMoney, 04/20/2009
MarketMinder's View: The Fed’s aggressive monetary policy has helped avert a worst-case scenario—now markets are poised to take advantage. Inflation is largely a worry for another year. For more, see our 4/15/2009 cover story, “A Stimulative Spark.”
Market Misperceptions
By , MSN Money, 04/20/2009
MarketMinder's View:
Sure, the Fed is printing money. But with global growth slowing, it’s an appropriate move. Inflation won’t be a concern until we surpass a high level of capacity utilization.
Sensible Stories
By , The New York Times, 04/20/2009
MarketMinder's View: The banking sector seems to be gaining strength, but risks remain from possible future federal floundering. For more, see our 4/13/2009 cover story, “An Unexpected Tenner.”
Sensible Stories
By , The New York Times, 04/17/2009
MarketMinder's View: This article makes some valid points and others we don’t agree with, but overall, banking's true signs of recovery are there. Missing from this article is the point that nicely steep global yield curves will also help bank profitability.
Sensible Stories
By , The Wall Street Journal, 04/17/2009
MarketMinder's View: “We need a financial system that supports innovation.” Amen.
Market Misperceptions
By , Bloomberg, 04/17/2009
MarketMinder's View: The Fed hasn’t dropped rates to manipulate the dollar. It dropped rates to increase money supply to juice liquidity since credit markets seized up—all rational and appropriate measures.
Market Misperceptions
By , The New York Times, 04/17/2009
MarketMinder's View: Historically, in every single recession, markets recover before employment. Employment will likely continue rising even as the new bull market begins surging.
Market Misperceptions
By , The Washington Times, 04/17/2009
MarketMinder's View: Will inflation be a concern in a few years? Probably, given the rate of money increase. But we have no way to know what the future world will look like—it does no good to imagine ways on how to avoid worst-case scenarios that may never happen.
Sensible Stories
By , CNBC, 04/17/2009
MarketMinder's View: We’ve been saying this is inevitable and best for GM all along.
Sensible Stories
By , Bloomberg, 04/17/2009
MarketMinder's View: Effects from continued global stimulus are appearing. As with any stimulus, patience is key.
Market Misperceptions
By , CNN Money, 04/17/2009
MarketMinder's View: “So no matter how you look at the results, it seems that the taxpayer—especially those who also happen to be Citi customers—still have little reason to celebrate with the bank's return to profitability.” Really? We think it’s pretty darn amazing that, so soon after all looked so terribly dire, banks are posting profits, even if modest.
Sensible Stories
By , The Wall Street Journal, 04/17/2009
MarketMinder's View: Many who won’t benefit from “tax cuts for the middle class” feel pretty middle class themselves.
Market Misperceptions
By , Seeking Alpha, 04/16/2009
MarketMinder's View: Expect warnings of a “sucker’s rally” well into the coming bull market. It’ll take a long time for pervasive negative sentiment to turn completely, but that won’t stop a market recovery from taking hold.
Market Misperceptions
By , The Wall Street Journal, 04/16/2009
MarketMinder's View:
It’s the guns-and-ammo version of the Beanie Babies craze! We’ll stick to investing in capital markets, thank you very much.
Market Misperceptions
By , CNNMoney.com, 04/16/2009
MarketMinder's View:
Mark this under the category of “widely held fear that has little power to move markets”.
Sensible Stories
By , Investors.com, 04/16/2009
MarketMinder's View: Every bear market in history has been followed by a bull market—we don’t expect this one to be any different. When that bull market does come, we expect it to be significant.
Sensible Stories
By , The Wall Street Journal, 04/16/2009
MarketMinder's View: “There is no reason for the government to force public companies to enact say-on-pay proposals that shareholders have rejected in the past. After all, US public companies are owned by their common shareholders—or at least they used to be.” While we don’t agree with everything here, we’d have to agree further regulations on executive pay are in no way a cure-all to today’s financial problems.
Sensible Stories
By , The Wall Street Journal, 04/16/2009
MarketMinder's View: Investors should stay abreast of such news and keep a close eye on those managing their money, but not worry too much. A reasonable amount of due diligence and some common sense will uncover most fraudsters.
Sensible Stories
By , Motley Fool, 04/16/2009
MarketMinder's View: Yes! Here are a few great reasons to be invested in today’s market.
Sensible Stories
By , EUBusiness, 04/16/2009
MarketMinder's View: We always support free trade.
Market Misperceptions
By , MarketWatch, 04/16/2009
MarketMinder's View: “Even Mom is getting stiffed this year.” There’s no doubt consumers have pared back, but leave Mom out of it!
Market Misperceptions
By , American Thinker, 04/16/2009
MarketMinder's View: The Chinese (and other foreign governments) have not “lost their appetite for US debt,” contrary to what this article would have you believe. Despite recent posturing, China realizes US debt is safe and has continued to buy.  For more, see our 02/17/2009 cover story, “Treasuring Treasuries.”
Market Misperceptions
By , Guardian, 04/16/2009
MarketMinder's View: An “unusually severe and long-lasting” recession means more relevance for the IMF. Hardly an unbiased opinion. Take forecasts like these with a grain of salt.
Market Misperceptions
By , Morningstar, 04/16/2009
MarketMinder's View:
Strategies like dollar-cost averaging seem great in falling markets, but remember—the market rises most of the time, making these very poor long-term tactics.
Market Misperceptions
By , Financial Times, 04/15/2009
MarketMinder's View: Is America a communist nation where private citizens don’t have free access to capital or debt markets to build or grow private enterprise? No.
Market Misperceptions
By , U.S. News & World Report, 04/15/2009
MarketMinder's View:
You’d think people would wait for the recent round of stimulus money to be spent before calling for more.
Sensible Stories
By , Bloomberg, 04/15/2009
MarketMinder's View: “Stimulus plans and near-zero interest rates in developed economies are boosting investor confidence in emerging markets and commodity-rich nations.” Looks like the wall of stimulus is beginning to have an impact.
Sensible Stories
By , The Wall Street Journal, 04/15/2009
MarketMinder's View: In honor of Tax Day, we bring you a story about Oregon’s ludicrous proposal to raise taxes on beer by 1,900%. Poor Joe Six Pack.
Sensible Stories
By , Timesonline, 04/15/2009
MarketMinder's View: We’re not saying property prices have reached a bottom, but when prices get low enough, buyers will emerge.
Market Misperceptions
By , The Times, 04/15/2009
MarketMinder's View: We agree the economy will recover, and folks are too dour when they can’t envision that. But we disagree some form of stimulus wasn’t warranted.
Sensible Stories
By , Bloomberg, 04/15/2009
MarketMinder's View: According to the Director of the White House National Economic Council, “Both statistical and anecdotal evidence is now ‘more encouraging than it was’ in the beginning of the year.”
Market Misperceptions
By , Bloomberg, 04/15/2009
MarketMinder's View: More? How about we wait for the already historically record-breaking global stimulus to have an impact. Stimulus always takes time to be felt. It’s never perfect, and it’s never immediate.
Sensible Stories
By , CNN Money, 04/15/2009
MarketMinder's View: Tax Day! Always good to take note of who pays what.
Market Misperceptions
By , Guardian, 04/15/2009
MarketMinder's View: The Fed’s aggressive monetary policy minimizes concerns over continued deflation in the near term. For more on this, see today’s cover story, “A Stimulative Spark.”
Market Misperceptions
By , Chicago Tribune, 04/15/2009
MarketMinder's View: Instead of tightening oversight, if the government really wanted to improve credit-rating agencies, they’d break up the oligopoly. Having just three agencies doesn’t result in effective services.
Market Misperceptions
By , Financial Times, 04/14/2009
MarketMinder's View:
Too late—markets have been a force for good long before any of us were alive, and will be long after we’re gone.
Sensible Stories
By , TheDeal.com, 04/14/2009
MarketMinder's View: Not all is rosy in the economy, but there are many unappreciated positive signs.
Market Misperceptions
By , The Wall Street Journal, 04/14/2009
MarketMinder's View:
Tax cuts are one of the fastest ways to get money in consumers’ wallets.
Market Misperceptions
By , MarketWatch, 04/14/2009
MarketMinder's View:
“Stocks are losers.” Maybe by these crackpot calculations, but in reality, stocks have almost always outperformed bonds over long time periods.
Market Misperceptions
By , Reuters, 04/14/2009
MarketMinder's View: Putting too much stock in monthly numbers is never wise. This is yet another dour spin on retail figures that were actually better than expected overall in the first quarter.
Sensible Stories
By , Bloomberg, 04/14/2009
MarketMinder's View: Executive compensation at firms receiving government funds has received almost equal attention from Congress as unlocking credit markets—an issue with much more important implications.
Sensible Stories
By , Bloomberg, 04/14/2009
MarketMinder's View: Bullish! A positive sign of easing credits markets.
Sensible Stories
By , Bloomberg, 04/14/2009
MarketMinder's View: “Today’s economic conditions are difficult, but the foundations of our economy are strong, and we face no problems that cannot be overcome with insight, patience, and persistence.”
Market Misperceptions
By , BBC , 04/14/2009
MarketMinder's View: Likening current economic woes to The Grapes of Wrath is a bit extreme. While it may be a great literary work, it doesn’t depict today’s environment.
Sensible Stories
By , Forbes.com, 04/14/2009
MarketMinder's View: Let us think about that…no.
Market Misperceptions
By , Chicago Tribune, 04/13/2009
MarketMinder's View: This isn’t stellar news, but economic data like this generally bottom and recover after the stock market does. See our 11/04/2008 cover story, “The Ultimate Leading Economic Indicator,” for more. 
Sensible Stories
By , The Wall Street Journal, 04/13/2009
MarketMinder's View: A strong performance from economically sensitive emerging market stocks thus far is an encouraging sign for global equity markets.
Market Misperceptions
By , Bloomberg, 04/13/2009
MarketMinder's View: Potential inflation is indeed a concern, but not an immediate one. It’s simply too soon to know whether stimulus efforts will stoke future inflation. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Sensible Stories
By , NPR, 04/13/2009
MarketMinder's View: Winners will emerge from these trying economic times—possibly even among US automakers.
Sensible Stories
By , The Wall Street Journal, 04/13/2009
MarketMinder's View: “When government ‘competes,’ guess who always wins?” If you guessed the government, you’re right.
Sensible Stories
By , Chicago Tribune, 04/13/2009
MarketMinder's View: Lavish business trips aren’t very palatable for many firms in this environment, but these trips shouldn’t be banned outright.
Sensible Stories
By , The Wall Street Journal, 04/13/2009
MarketMinder's View: No matter your feelings about the environmental benefits of such a move, placing onerous new regulations on a faltering or even failing industry could stall a recovery.
Sensible Stories
By , The New York Times, 04/13/2009
MarketMinder's View: Pre-packaged bankruptcy is likely the best path to much needed restructuring for ailing auto makers. See our 3/31/2009 cover story, “Tick Tock, Autos,” for more.
Market Misperceptions
By , The New York Times, 04/13/2009
MarketMinder's View: There’s no such thing as a perfect stimulus, and most take time before results are seen.
Market Misperceptions
By , Associated Press, 04/13/2009
MarketMinder's View: The market doesn’t go straight up forever, nor does it continuously fall. Investors should expect volatility to accompany a market recovery, but it’s foolhardy to try and time such moves.
Sensible Stories
By , The Wall Street Journal, 04/09/2009
MarketMinder's View: Calls to reinstate the uptick rule are causing some to worry, but it likely wouldn’t matter much for markets. See today’s cover story, “Uptick Rule, Plus Frills,” for more.
Sensible Stories
By , The Wall Street Journal, 04/09/2009
MarketMinder's View: Stimulus efforts take time to work through the system—expecting immediate results is unrealistic. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Market Misperceptions
By , The Motley Fool, 04/09/2009
MarketMinder's View: Maybe it has, maybe it hasn’t. But why try to time it at all? Inherently treacherous. Bull market returns greatly swamp late-stage bear vicissitudes. Better to forget trying to time the bottom and be in to enjoy the full bull ride.
Market Misperceptions
By , The Wall Street Journal, 04/09/2009
MarketMinder's View:
Beware, states who are considering raising taxes! High-tax states, like California, NJ, and NY, have watched high-income residents leave in droves for lower tax states. It’s hard to get more taxes on income that’s left the state.
Sensible Stories
By , Financial Times, 04/09/2009
MarketMinder's View: We can’t say it enough: Stocks climb a wall of worry.
Sensible Stories
By , Reuters, 04/09/2009
MarketMinder's View: “You can’t close a bank based on a hypothetical.” Exactly why arbitrary stress tests aren’t very helpful.
Sensible Stories
By , Financial Times, 04/09/2009
MarketMinder's View: “Every era of financial or irrational exuberance ends with the shutters coming down. Tulip mania, the South Sea bubble, the panic of 1825 and the first internet bust were all part of the same ebb and flow. We should not expect it to be different now, but that does not make it any easier to accept the cyclical nature of economies.” Exactly.
Sensible Stories
By , Kiplinger, 04/09/2009
MarketMinder's View: Yes, trade will survive. Protectionist talk lately has been largely saber-rattling typical during recessionary periods.
Sensible Stories
By , Financial Times, 04/09/2009
MarketMinder's View: We continue to see stimulus efforts globally.
Market Misperceptions
By , The New York Times, 04/09/2009
MarketMinder's View:
So politicians, using their infinite wisdom, have used your tax dollars to bail out firms and now they’re going to let you put even more of your money into them. Do they expect a thank you?
Market Misperceptions
By , Financial Times, 04/08/2009
MarketMinder's View:
A number of terrible prescriptions for the market and economy. Overly onerous rules and regulations will neither remove all risk nor improve our economic plight.
Sensible Stories
By , CBS News, 04/08/2009
MarketMinder's View: "Employment will not come back until after the economy's actually growing again on a statistical basis and after the stock market does. That's what happens after recessions. Businesses are late to fire and late to hire."
Sensible Stories
By , Bloomberg, 04/08/2009
MarketMinder's View: We’re all for adding transparency to this largely misunderstood market.
Market Misperceptions
By , Time, 04/08/2009
MarketMinder's View: People might be buying more guns fearing gun control laws will change, but it’s unlikely they’re stockpiling weapons because of the economy.
Sensible Stories
By , The Wall Street Journal, 04/08/2009
MarketMinder's View: World central banks continue to take action to stimulate their respective economies.
Sensible Stories
By , Investors Business Daily, 04/08/2009
MarketMinder's View: “America's economic recovery will not be determined in Washington.” We agree.
Market Misperceptions
By , Kiplinger, 04/08/2009
MarketMinder's View:
The global economy is not in for a “permanent contraction.” The economy moves in cycles. Always has. The downturn has been long and painful, but the economy will recover.
Market Misperceptions
By , The New York Times, 04/08/2009
MarketMinder's View:
Follow the logic here: You work hard to earn an income and the government takes a portion of that as tax. You invest some of that income that you worked for. Years later, you sell that investment and the government takes another piece in the form of capital gains tax. Then you die, at which point the government takes another portion from you. How does this make sense?
Market Misperceptions
By , The Wall Street Journal, 04/08/2009
MarketMinder's View:
Trying to trade in and out of this market isn’t a game we’d recommend for any investor.
Market Misperceptions
By , Retuers, 04/08/2009
MarketMinder's View:
Looking younger has always been the goal of most people getting plastic surgery. The state of the economy has nothing to do with it.
Market Misperceptions
By , US News, 04/08/2009
MarketMinder's View:
We’d be concerned if officials weren’t optimistic about their plans. Clearly there are numerous challenges on the way to recovery, but optimism isn’t one of them.
Market Misperceptions
By , The New York Times, 04/07/2009
MarketMinder's View: The economy won’t turn on a dime, but the market can.
Sensible Stories
By , The Times, 04/07/2009
MarketMinder's View: “One way or another, the world economy will recover and a second Great Depression will have been averted…” While we don’t agree with everything here, we can agree continued global monetary and fiscal stimulus will make economic headway.
Market Misperceptions
By , Real Clear Markets, 04/07/2009
MarketMinder's View: A global shift away from the US dollar as the world’s reserve currency is highly unlikely for the foreseeable future. See our 3/25/2009 cover story, “Short One Alien Invasion,” for more.
Sensible Stories
By , Investor’s Business Daily, 04/07/2009
MarketMinder's View: If Treasury Secretary Geithner truly wants to extract the government from the banks, as he’s said, refusing to accept repayment of TARP funds is a strange way to go about it.
Market Misperceptions
By , The New York Times, 04/07/2009
MarketMinder's View:
Fears of a weak economy aren’t anything new. Widely held fears such as this one don’t move markets—surprises do.
Sensible Stories
By , Economist.com, 04/07/2009
MarketMinder's View: “The current recession has broken many of the rules of business cycles, but not this one: when something gets cheap enough, buyers emerge.” We couldn’t have said it better ourselves.
Sensible Stories
By , The Wall Street Journal, 04/07/2009
MarketMinder's View: It’s doubtful bringing back the uptick rule will have a significant market impact, but it’s not likely to hurt either.
Sensible Stories
By , Forbes.com, 04/07/2009
MarketMinder's View: “The end result is that the stock market and the economy are being lifted on a sea of liquidity, giving us a V-shaped recovery.” Exactly.
Market Misperceptions
By , CNN Money, 04/07/2009
MarketMinder's View:
Sure, we’re still feeling the effects of the panic of 2008, but with every panic comes a recovery. Patience is key here.
Sensible Stories
By , MarketWatch, 04/07/2009
MarketMinder's View: Japan takes additional measures to stabilize financial markets.
Sensible Stories
By , Kiplinger, 04/07/2009
MarketMinder's View: Some answers to a few common stimulus questions you may have yourself.
Market Misperceptions
By , The New York Times, 04/07/2009
MarketMinder's View: The fourth quarter’s credit freeze will undoubtedly impact this quarter’s earnings. But these issues are nothing new. The market is likely to discount improved conditions in the future.
Market Misperceptions
By , US News, 04/07/2009
MarketMinder's View:
We hardly think this week’s sporting events will have any effect on the market. Ignore.
Sensible Stories
By , CNN Money, 04/07/2009
MarketMinder's View: “Comparisons between this economic recession and the Great Depression are common, but the granddaddy of all downturns was far worse.” Amen.
Sensible Stories
By , Chicago Tribune, 04/06/2009
MarketMinder's View: Central banks continue working together to improve global credit availability.
Sensible Stories
By , The Wall Street Journal, 04/06/2009
MarketMinder's View: It’s rather odd the government is trying to hinder profitability of multinationals’ profitability while simultaneously trying to “stimulate” the economy.
Market Misperceptions
By , The Wall Street Journal, 04/06/2009
MarketMinder's View:
It’s impossible to time a bear market bottom with any precision. Don’t bother. Bear markets typically double- and triple-bottom, and it’s more prudent to wait out late-stage bear market wiggles and enjoy an early-stage bull market surge than time your way around it.
Sensible Stories
By , The Wall Street Journal, 04/06/2009
MarketMinder's View: And rightfully so!
Market Misperceptions
By , CNN, 04/06/2009
MarketMinder's View:
“Bankruptcy puts a damper on consumer confidence and vehicle demand.”  The US airlines filed for Chapter 11, and folks are still flying. Bankruptcy will inevitably be the best option for GM.
Sensible Stories
By , Reuters, 04/06/2009
MarketMinder's View: Life sure seems better for Ford, who’s operating without government funding. Maybe GM and Chrysler ought to hurry up, file Chapter 11, and get out from under the government’s thumb.
Sensible Stories
By , The New York Times, 04/06/2009
MarketMinder's View: The wall of global fiscal stimulus continues.
Market Misperceptions
By , Reuters, 04/06/2009
MarketMinder's View: If banks are basically insolvent, then why are some reporting they’ll be profitable for Q1?
Sensible Stories
By , The Wall Street Journal, 04/06/2009
MarketMinder's View: Bullish for the recovery when it gets underway: Firms continue to invest in innovation to further business expansion, productivity, profitability, etc.
Market Misperceptions
By , Bloomberg, 04/06/2009
MarketMinder's View:
Visits are up to Tokyo’s Disneyland, and that’s a bad sign? Nay! We’re delighted vacationers feel solid enough to remember it’s a small world after all . . . a small, small world.
Market Misperceptions
By , The Wall Street Journal, 04/06/2009
MarketMinder's View:
Investing based on “earnings season?” Don’t do it—this is inherently a short-term timing game—almost impossible to achieve long-term success with such a short-term focus.
Market Misperceptions
By , Time, 04/06/2009
MarketMinder's View:
Lots of unfounded fears, but this article gets one thing right: “A quick replacement of the dollar as the world's No.1 currency doesn't seem likely.” Either way, global investors needn’t worry. Over time, a currency’s impact nets out to near zero.
Market Misperceptions
By , MSN Money, 04/06/2009
MarketMinder's View: Expect to see many articles questioning the sustainability of any upward trend—this is normal in the early stages of a new bull market.
Market Misperceptions
By , The Wall Street Journal, 04/03/2009
MarketMinder's View:
“Government action could easily spill over into gross over-reach (like the bonus-tax fiasco).” You think? Or how about the ill-considered FAS 157 rule? Much of government regulation ends up being aimed at the unintended fallout of a previous round of regulation.
Sensible Stories
By , Chicago Tribune, 04/03/2009
MarketMinder's View: Repayment has already begun! Some banks are now in a position to repay the government. And some didn’t need the funds in the first place.
Sensible Stories
By , The Wall street Journal, 04/03/2009
MarketMinder's View: This is good news—the last thing businesses need right now are higher taxes, especially when those higher taxes are just passed on to consumers in the form of higher prices.
Sensible Stories
By , Smart Money, 04/03/2009
MarketMinder's View: Some investors have felt gold is the “new black” for quite some time now. Beware heat chasing. Here are a few good points why gold is a poor investment.
Sensible Stories
By , Easy Bourse, 04/03/2009
MarketMinder's View: "The bottom-line is that the reduced participation in the TSLF is both a sign of reduced strain in the financial system and illustrative of how some Fed programs will unwind on their own, as market conditions ease." Good news on the credit front.
Market Misperceptions
By , Time, 04/03/2009
MarketMinder's View: “The S&P 500 is up 25% in just over three weeks. Many analysts say that there is no reason that the run-up should be so sharp. The rally would be more ‘sustainable’ if the climb was gradual and slower.” The drop was pretty sharp. Can’t the rally be sharp too? (Answer: Yes.)
Market Misperceptions
By , Reuters, 04/03/2009
MarketMinder's View:
Mark our words—there will be another recession after this one, and another one after that, and a couple more after that. They’ve happened before and they’ll happen again, but worrying about the next one before this one is over is pointless.
Sensible Stories
By , The Wall Street Journal, 04/03/2009
MarketMinder's View: A (very) few decisions were made during the G-20 summit—unprecedented global fiscal and monetary stimulus continues.
Market Misperceptions
By , The Times, 04/03/2009
MarketMinder's View: Not stellar news, but unemployment is a lagging indicator. Expect it to continue getting worse. Historically it’s worsened after market and economic recoveries were underway.
Market Misperceptions
By , Chicago Tribune, 04/03/2009
MarketMinder's View: Here’s a term we haven’t heard before: “man-cession.”Apparently we’re in the middle of one.
Sensible Stories
By , 04/03/2009
MarketMinder's View: FASB’s alterations to the current FAS 157 accounting rule allow financial institutions the opportunity to potentially avoid further harmful fire sales of assets like we’ve seen over the past 18 months. See today’s cover story, “Free of FASB’s Fust,” for more.
Market Misperceptions
By , Reuters, 04/02/2009
MarketMinder's View:
Unemployment continues to rise, but markets have historically always begun moving higher before unemployment has peaked.
Sensible Stories
By , The Wall Street Journal, 04/02/2009
MarketMinder's View: “Bankruptcy is an orderly way to give an overburdened debtor a fresh start.” Yes! Bankruptcy isn’t necessarily bad—it allows needed restructuring for beleaguered companies.
Sensible Stories
By , BusinessWeek, 04/02/2009
MarketMinder's View: Every cloud has a silver lining.
Sensible Stories
By , Bloomberg, 04/02/2009
MarketMinder's View: There’s nothing inherently wrong with mark-to-market accounting—when it’s applied to liquid assets. We’re highly encouraged by revisions that make provisions for illiquid markets.
Market Misperceptions
By , The New York Times, 04/02/2009
MarketMinder's View: Hunger and malnutrition are terrible, but they unfortunately existed before this global recession and will likely continue once the economy recovers.
Market Misperceptions
By , Reuters, 04/02/2009
MarketMinder's View: It’s a bit early to be calling the next recession. Monetary and fiscal stimulus are completely appropriate to get us out of the recessions we’re in now. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Sensible Stories
By , Reuters, 04/02/2009
MarketMinder's View: We continue to see unprecedented global fiscal and monetary stimulus.
Market Misperceptions
By , MarketWatch, 04/02/2009
MarketMinder's View: Prognostications of market doom without any rationale other than the fact the market is already down don’t make much sense.
Market Misperceptions
By , MarketWatch, 04/02/2009
MarketMinder's View: The government is foolishly trying to help firms and punish them at the same time.
Sensible Stories
By , The Wall Street Journal, 04/02/2009
MarketMinder's View: Better late than never—and better something than nothing. World governments continue to take unprecedented actions to stimulate the global economy.
Sensible Stories
By , Seeking Alpha, 04/02/2009
MarketMinder's View: Maybe we’ve put the bear market lows behind us, maybe we haven’t. What we do know is that any stock market recovery will be ahead of an economic one.
Market Misperceptions
04/02/2009
MarketMinder's View:
We wouldn’t prepare for the burial ceremony just yet if we were you.
Market Misperceptions
By , The Big Money, 04/02/2009
MarketMinder's View:
There is a big difference between correlation and causation. If the flat tax caused the economic problems in the Baltics, then one would assume that all was right with countries that didn’t implement the flat tax, right? Wrong.
Sensible Stories
By , Associated Press, 04/01/2009
MarketMinder's View: And worry they should. The new sales tax is likely to discourage spending—exactly opposite of what the economy needs right now.
Sensible Stories
By , The Wall Street Journal, 04/01/2009
MarketMinder's View: Creating overly restrictive rules for participation isn’t going to get the Public-Private Investment Program off the ground.
Market Misperceptions
By , Yahoo Finance, 04/01/2009
MarketMinder's View: Interesting to see Henry Blodgett comment on Dr. Doom. Blodgett was way too bullish for way too long when the Tech bubble popped. Dr. Doom just might be the un-Blodgett during this downturn—way too pessimistic for way too long.
Market Misperceptions
By , National Post, 04/01/2009
MarketMinder's View:
The death of capitalism has been called too many times to even count—we expect this prediction to be just as wrong as the others.
Market Misperceptions
By , The Wall Street Journal, 04/01/2009
MarketMinder's View:
The slide in home prices doesn’t reveal anything about where stocks are headed. Stocks and real estate move in separate cycles.
Sensible Stories
By , MarketWatch, 04/01/2009
MarketMinder's View: Altering mark-to-market can’t immediately undo the damage it’s already done to firms’ balance sheets, but we’re highly encouraged by this step in the right direction.
Sensible Stories
By , Kiplinger, 04/01/2009
MarketMinder's View: “Whether a new low is coming or not, the bigger risk now is being out of the market and missing what might be the best buying opportunity in decades.” We couldn’t have said it better.
Sensible Stories
By , The Times, 04/01/2009
MarketMinder's View: “…we have rarely done anything as benign as going shopping, rarely devised anything as socially advantageous as property rights and the rule of law, rarely enriched the poor or enhanced lives as we did by creating capitalism. “ That’s for sure.
Market Misperceptions
By , BusinessWeek, 04/01/2009
MarketMinder's View: Dismantling financial institutions isn’t the answer to avoiding systemic risk.
Sensible Stories
By , MSN Money, 04/01/2009
MarketMinder's View: A good breakdown of Obama’s “master plan” for the economy.
Sensible Stories
By , Bloomberg, 04/01/2009
MarketMinder's View: The writing has been on the wall for a long time. As we’ve said repeatedly, a pre-packaged Chapter 11 bankruptcy is likely the quickest path to viability for US automakers. See our 3/31/2008 cover story, “Tick Tock, Autos,” for more.
Sensible Stories
By , The Wall Street Journal, 04/01/2009
MarketMinder's View: “It rewards hard work and long hours.” Exactly what bonuses are supposed to do. So why all the brouhaha surrounding executive bonuses that keep qualified people running big companies?
Market Misperceptions
By , TheStreet.com, 04/01/2009
MarketMinder's View: Market declines have been unsettling to say the least, but growth-seeking investors with long time horizons shouldn’t run to annuity-like products, which usually make poor investments.
Market Misperceptions
By , The Independent, 04/01/2009
MarketMinder's View: This is a risk to watch but still a very low likelihood event.
Sensible Stories
By , The New York Times, 04/01/2009
MarketMinder's View: It isn’t necessarily the most efficient means, but stimulus can work dependent on both the magnitude and how it is applied.
Sensible Stories
By , The Telegraph, 04/01/2009
MarketMinder's View: In today’s global economy, free trade is more important than ever for economic and market recovery. Let’s hope the politicians agree.
Market Misperceptions
By , CNN Money, 04/01/2009
MarketMinder's View: Chapter 11 bankruptcy for US automakers isn’t without problems, but it’s likely the best option for needed restructuring. See our 11/11/2008 cover story, “A Motor City Mess,” for more.