Home → Fisher Investments MarketMinder Headlines → 05-2010 Archives

Market Misperceptions
By , Reuters, 05/28/2010
MarketMinder's View: Gold hype has reached fever pitch. Be wary. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , Yahoo! Finance, 05/28/2010
MarketMinder's View: An aggressive prediction but not impossible. Amid fears of a euro meltdown, trouble on the Korean peninsula, and a host of other concerns, few expect a huge stock market rally. In investing, it can pay to expect the unexpected.
Market Misperceptions
By , Associated Press, 05/28/2010
MarketMinder's View: Jobs numbers will improve, but it will take time. Some improvement is evident already, and outside of employment, signs of economic recovery abound. See our 05/06/2010 cover story, “Upbeat on Unemployment,” for more.
Sensible Stories
By , Businessweek, 05/28/2010
MarketMinder's View: Europe faces challenges as governments implement tough austerity measures, but European firms aren’t entirely reliant on Europe. They too can take advantage of the growing global economy. See our 05/27/2010 cover story, “Projecting on Growth,” for more.
Sensible Stories
By , Businessweek, 05/28/2010
MarketMinder's View: Agreed. LIBOR, though higher recently, is still far lower than it was before the financial crisis. See our 05/25/2010 cover story, “LIBOR and TED’s Bogus Journey,” for more.
Sensible Stories
By , Reuters, 05/28/2010
MarketMinder's View: Earnings growth in the US and abroad has been simply spectacular and should continue to make a bullish case for stocks.
Market Misperceptions
By , Daily Finance, 05/28/2010
MarketMinder's View: It’s never a good idea to invest based on wild speculation about events years out.
Market Misperceptions
By , The Globe and Mail, 05/28/2010
MarketMinder's View: Returned from where? It was never gone—volatility rises and falls, but it’s always present in the stock markets to some degree.
Sensible Stories
By , Bloomberg, 05/27/2010
MarketMinder's View: If Greece were as doomed as folks fear, deposits certainly wouldn’t be returning.
Sensible Stories
By , Telegraph, 05/27/2010
MarketMinder's View: More evidence troubled PIIGS have ample ways to deal with their debt.
Sensible Stories
By , RTT News, 05/27/2010
MarketMinder's View: Yep, we agree. Overall, Europe is doing fine. There are some small spots with real trouble, but there’s no evidence of contagion. For more, see our 05/24/2010 cover story, “Of Politics and Markets.”
Market Misperceptions
By , Telegraph, 05/27/2010
MarketMinder's View:
Likely not. Simple, supposedly troubled European nations keep having oversubscribed bond auctions at unremarkable rates.
Market Misperceptions
By , CBS MoneyWatch, 05/27/2010
MarketMinder's View:
“Now, in a normal recession, the odds are we could grow our way out of the problem.” First, what is an abnormal recession? Second, the only way out of any recession, normal or abnormal (whatever that is) is growth.
Sensible Stories
By , The Wall Street Journal, 05/27/2010
MarketMinder's View: An absolutely priceless look at the current gold craze. For example, “Warren Buffett put it well. ‘Gold gets dug out of the ground in Africa, or someplace,’ he said. ‘Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.’”
Market Misperceptions
By , Telegraph , 05/27/2010
MarketMinder's View:
Let’s remember, certain measures of money supply may be decreasing from historically high levels. This is not remotely what happened in the 1930s.
Sensible Stories
By , bnet, 05/26/2010
MarketMinder's View: A short and sweet (accurate as well) look at a few of the many differences between market conditions in 2008 and now.
Sensible Stories
By , Reuters , 05/26/2010
MarketMinder's View: "We now have five quarters of increases, and that's a good sign of transitioning from a recovery to sustainable growth." Economic fundamentals continue to improve, and stocks should benefit.
Market Misperceptions
By , The Wall Street Journal, 05/26/2010
MarketMinder's View: Really? Why is a single day’s market movement more important than another day’s market movement? What the heck does one day signal? Answer: Nothing.
Sensible Stories
By , Kiplinger, 05/26/2010
MarketMinder's View: Europe is down “because of unrealistic fears,” but certainly not out.
Sensible Stories
By , The Wall Street Journal , 05/26/2010
MarketMinder's View: This is an uplifting and optimistic take on recent market news from—surprise, surprise—someone who is not a professional reporter! For more, see our 05/17/2010 cover story, “The Fundamental Focus.”
Sensible Stories
By , Bloomberg, 05/26/2010
MarketMinder's View: This article accurately concludes the unilateral action by Germany “contributed to financial-market turmoil” and is an “unwarranted distraction that is based on misinformation and misperception.” For more, see our 05/20/2010 cover story, “An Uphill Battle.”
Market Misperceptions
By , Bloomberg, 05/26/2010
MarketMinder's View:
Regulation by its nature is imperfect and will never prevent every crisis. But overregulating in hopes of doing so can be an even greater risk to long-term economic growth. For more, see our 05/24/2010 cover story, “Of Politics and Markets.”
Market Misperceptions
By , The New York Times, 05/26/2010
MarketMinder's View:
Issues in Europe aren’t likely to be a catalyst for the litany of potential problems listed here. In fact, expectations for US and global economic growth are being raised, not lowered, despite PIIGS problems. For more, see our 05/21/2010 cover story, “Corrections and Other Market Anomalies.”
Market Misperceptions
By , Telegraph, 05/26/2010
MarketMinder's View:
In addition to suggesting LIBOR rates may cause a double dip, the author completes a tour de force of rumors, fear, pessimism, “warning signals,” and burning cars—this has it all. Brace yourself. For more, see our 05/25/2010 cover story, “LIBOR and TED’s Bogus Journey.”
Market Misperceptions
By , The New York Times, 05/26/2010
MarketMinder's View:
In order to protect taxpayers, EU officials propose creating “a fund designed to manage bank failure” by levying taxes on banks. That sounds super, but these bank taxes will undoubtedly be paid by taxpayers anyway though higher banking costs.
Sensible Stories
By , Reuters, 05/26/2010
MarketMinder's View: The OECD offers a refreshing respite from the overwhelmingly pessimistic interpretation of recent market data. Eurozone exporters are poised to take advantage of rising foreign demand due to a weaker euro exchange rate.
Market Misperceptions
By , CNN Money, 05/26/2010
MarketMinder's View:
So what? The VIX is about as accurate as an Ouija board or a celestial calendar in predicting stock market returns. Ignore dubious indexes and arbitrary markers that say nothing about the health of capital markets going forward.
Market Misperceptions
By , Bloomberg, 05/25/2010
MarketMinder's View:
It’s nice people are more confident, but consumer confidence—low or high—is backward-looking and coincident at best. It's not predictive for future stock returns.
Market Misperceptions
By , Reuters, 05/25/2010
MarketMinder's View:
Germany can and will do what it wants, but short-selling bans don’t keep the market from falling and may add to poor sentiment. For more, see our 05/20/10 cover story, “An Uphill Battle.”
Sensible Stories
By , Bloomberg, 05/25/2010
MarketMinder's View: “Sovereign debt crises have been with us for many, many years. There is nothing intrinsic about such crises that they need to become important shocks to the broader, global macroeconomy.” Well said. For more, see our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!”
Sensible Stories
By , BBC News, 05/25/2010
MarketMinder's View: It’s not gangbusters, but the UK is returning to growth mode. More importantly, the overall world now grows healthily, which is a positive for smaller nations that are lagging—helping pull them along.
Market Misperceptions
By , Reuters, 05/25/2010
MarketMinder's View:
Gold is not the all-encompassing, safe haven investment it’s currently being touted as. Gold is a commodity and suffers volatility, like any other commodity.  For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , The New York Times, 05/25/2010
MarketMinder's View: Yes, currently the two financial reform bills are faulty. And yes, they will have huge holes and may not do what they are supposed to do. But that’s the case with most all major legislation. For more, see our 05/24/2010 cover story, “Of Politics and Markets.”
Market Misperceptions
By , Bloomberg, 05/25/2010
MarketMinder's View:
Though LIBOR is higher, it’s nowhere near levels we’ve seen even in the recent past that might be seen as troubling. LIBOR is higher off historically low lows. For more, see today’s cover story, “LIBOR and TED’s Bogus Journey.” 
Sensible Stories
By , Reuters, 05/24/2010
MarketMinder's View: Banks can and do fail even in the best of times. Bank failures, if handled rationally, don’t spell systemic doom.
Market Misperceptions
By , The New York Post, 05/24/2010
MarketMinder's View:
“Jobpocalypse”?  No. It’s completely normal for unemployment to stay high or even rise as the economy recovers. In every recession, improvements in employment lag—sometimes by a lot. This is normal, not an Apocalypse.
Sensible Stories
By , The New York Times, 05/24/2010
MarketMinder's View: The new UK government is getting its feet wet with some spending cuts. Markets typically abhor change, but some fiscal restraint likely helps sooth sentiment over the UK’s creditworthiness.
Market Misperceptions
By , Bloomberg, 05/24/2010
MarketMinder's View:
We agree with most all of this. Recent market action is classically characteristic of a bull market correction. And we agree it likely reverses itself and stocks move higher. Beyond  that, corrections are inherently unpredictable. No one can say if it will be over in 1 week, 1 month, or 7.82 weeks. Trying to time corrections is typically foolhardy. For more, see our 05/21/2010 cover story, “Corrections and Other Common Anomalies.”  
Sensible Stories
By , The Globe and Mail, 05/24/2010
MarketMinder's View: “The best way to make money in the stock market over the long run is to (mostly) ignore the stock market.” Don’t focus on the every day ebbs and flows created by typical market volatility—these are normal and investors shouldn’t let emotion drive their investing decisions. For more, see our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!”
Market Misperceptions
By , The Wall Street Journal, 05/24/2010
MarketMinder's View: Anything can happen, of course. But with the world decidedly improving overall, it’s more likely we see continued strength for some time.
Sensible Stories
By , The Wall Street Journal, 05/24/2010
MarketMinder's View: Better late than never—economists are beginning to see better times ahead. Of course, if you waited for this confirmation, you would’ve missed the massive market move since March 2009.
Market Misperceptions
By , Los Angeles Times, 05/24/2010
MarketMinder's View:
Call a bubble what you want. They are a normal part of capital markets. Trying to regulate them away usually just leads to further distortions and bigger bubbles.
Market Misperceptions
By , The Pragmatic Capitalist Blog, 05/24/2010
MarketMinder's View: Wow. Why not price the Dow (an inherently faulty index) in bananas? Or Nike sneakers? If you price it in Zimbabwean dollars, it’s been in a massive bull market the entire decade. Ignore.
Market Misperceptions
By , Barron’s, 05/21/2010
MarketMinder's View:
We’re not sure what a “primary” bear market is. Is there a “secondary” bear market? Either way, there’s a vital difference between a bear market and a correction. Corrections are normal and healthy in a bull market. And they are decidedly short, sharp, and scary. But the operative word is short. Why deprive yourself of longer-lasting bull market returns over fear of a near-term correction?
Sensible Stories
By , The Wall Street Journal, 05/21/2010
MarketMinder's View: Germany has officially signed onto the massive bailout plan, alleviating a good part of the uncertainty that’s been causing jitters lately.
Market Misperceptions
By , The Telegraph, 05/21/2010
MarketMinder's View: We rather doubt it. The euro may in fact get phased out one day, but it would likely take some time. With a bailout solidified, that time isn’t now. Further, the PIIGS aren’t in nearly the trouble most fear, as they’ve continued to be able to sell debt at reasonable rates. For more, see our 05/20/2010 column, “In Depth: European Debt Issues.”
Sensible Stories
By , CNBC, 05/21/2010
MarketMinder's View: Amid the constant negative reports on unemployment, there has been some decided improvement across the country. For more, see our 05/06/2010 cover story, “Upbeat on Unemployment.”
Market Misperceptions
By , The Wall Street Journal, 05/21/2010
MarketMinder's View: Bank failures are nothing new and are common after financial crises. There’s nothing about today’s problem banks that’s any more or less dire than other past periods.  For more, see our 02/25/2010 cover story, “Banks and Capitalism.”
Sensible Stories
By , Bloomberg, 05/21/2010
MarketMinder's View: This bill isn’t a done deal yet—it must go through reconciliation. Certainly many things here can change. But it’s important to keep tabs on new regulation since it has the power to create winners, losers, and lots of distortions.
Sensible Stories
By , Daily Finance, 05/21/2010
MarketMinder's View: Lately, pessimistic headlines have tried to drown out promising economic signs around the world. Here are a few reasons to be optimistic about the global recovery. For more, see our 05/17/2010 cover story, “The Fundamental Focus.”
Market Misperceptions
By , The New York Times, 05/21/2010
MarketMinder's View: Arguably, the US just had a lost decade. But this is simply the projection of gloomy views based on a recession that is already likely long over. As a basic rule, the past is not indicative of future results. 
Sensible Stories
By , The Wall Street Journal, 05/21/2010
MarketMinder's View: A great timeline of past events that, although deemed catastrophic at the time, were not detrimental to the market. It’s an important reminder that “we’ve been here before and worse. And we’ll flourish out of this situation as well.”
Sensible Stories
By , Reuters, 05/20/2010
MarketMinder's View: Expectations for economic growth in the US and elsewhere are rising. Stocks should continue to reflect this improving outlook.
Sensible Stories
By , Seeking Alpha, 05/20/2010
MarketMinder's View: Inflation always seems to be a hot button. But for now, it’s clear inflation isn’t much of a worry. For more, see our 05/19/2010 cover story, “Dear Chancellor.”
Market Misperceptions
By , CNN Money , 05/20/2010
MarketMinder's View:
Volatility can be unnerving, but it’s a normal part of investing. Quick sentiment shifts can cause volatility to jump, but is typically short-lived. Trying to dance around a volatile market usually does more harm than good.
Market Misperceptions
By , Bloomberg, 05/20/2010
MarketMinder's View:
We’d prefer to see low taxes, but a tax increase on a single sector in a single country is hardly the start of a contagion (a grossly overused word, we might add).
Sensible Stories
By , The New York Times, 05/20/2010
MarketMinder's View: Japan’s GDP was a bit below expectations but still very strong, reflecting an improving global economy.
Market Misperceptions
By , CNN Money, 05/20/2010
MarketMinder's View:
The US economy in no way resembles that of Greece. Not even a little bit. And US debt is still well within manageable levels.
Market Misperceptions
By , Minyanville, 05/20/2010
MarketMinder's View:
This is nothing more than a laundry list of widely known, overblown fears—some legitimate, some not. Risks like these are always worth watching, but investors have to weigh positives against negatives. In our view, the many, many positives have the upper hand.
Market Misperceptions
By , Associated Press, 05/20/2010
MarketMinder's View:
We’ve said it before—don’t get caught up in weekly numbers. Signs of economic recovery are everywhere. Employment—typically a lagging indicator—will eventually improve in a meaningful way too.
Market Misperceptions
By , Washington Post, 05/20/2010
MarketMinder's View:
We fail to see how increasing the IMF’s role would do much good. The IMF has even been blamed for making economic calamities—like the Asian financial crisis—worse, not better.
Sensible Stories
By , The New York Times, 05/20/2010
MarketMinder's View: Strong financial firms scoping up weak or failed ones makes for a stronger financial system overall.
Sensible Stories
By , The Wall Street Journal, 05/20/2010
MarketMinder's View: A quick and dirty rundown of where the financial overhaul bill stands. Keep an eye on it.
Sensible Stories
By , Bloomberg, 05/19/2010
MarketMinder's View: Government attempts to corral capital markets are seldom a good thing. Luckily, no one in Europe appears to be following Germany’s lead.
Market Misperceptions
By , Barron’s, 05/19/2010
MarketMinder's View: We stopped reading this when the author used the phrase, “Term life insurance for stocks.”
Sensible Stories
By , The Wall Street Journal , 05/19/2010
MarketMinder's View: “In Brazil local manufacturers can’t keep up with rising demand for trucks, so they’re importing what they need all the way from Western Europe, which has excess capacity.” Somewhere, Milton Friedman is smiling. For more, see our 03/01/2010 cover story, “Underdogs Victorious.”
Market Misperceptions
By , Fortune, 05/19/2010
MarketMinder's View:
It’s true, inflation in China is ticking up. Out of control? Not quite yet. The Chinese central bank is reining in money supply slowly, which isn’t reflected in backward-looking data. For more, see our 05/13/2010 cover story, “Little Inflation in Big China.”
Sensible Stories
By , The New York Times, 05/19/2010
MarketMinder's View: Inflation and the cost of living, as measured by CPI, declined m/m in the US for the first time in over a year. As we’ve said before, inflation may become an issue, but certainly not in the near term. For more, see today’s cover story, “Dear Chancellor.”
Market Misperceptions
By , Washington Post, 05/19/2010
MarketMinder's View:
More compromises to an already cumbersome financial reform bill. Senator Dodd kept the “tough language,” but pushed off action related to derivative trading for two years.
Sensible Stories
By , Daily Finance , 05/19/2010
MarketMinder's View: Why the ratings agency oligopoly was ever formed in the first place is beyond us. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , CNN Money, 05/19/2010
MarketMinder's View: A friendly reminder: Gold is subject to the same market pressures as any other commodity. It’s not an investing panacea or an ironclad safe haven.
Market Misperceptions
By , Seeking Alpha, 05/19/2010
MarketMinder's View:
A one-month dip in CPI doesn’t portend a deflationary trend. Be wary of anyone pointing to graphs and charts while using disclaimers like “maybe” and “if.”
Sensible Stories
By , RTT News, 05/19/2010
MarketMinder's View: More good news from the Iberian Peninsula (in addition to the recent successful debt offerings from Spain and Portugal)—Spain’s GDP expanded for the first time since Q1 2008.
Sensible Stories
By , Bloomberg, 05/18/2010
MarketMinder's View: Inflation worries are kept at bay, at least in the immediate future. For more see our 05/21/2008 cover story, “Slow Road, No Inflation?”
Market Misperceptions
By , The New York Times, 05/18/2010
MarketMinder's View:
A stronger relative currency has pluses and minuses. Overall, currencies are zero sum. For more, see our 9/21/2009 cover story, “A Perplexing Peg.”
Sensible Stories
By , Yahoo Finance, 05/18/2010
MarketMinder's View: “My view is that if you're a long-term investor, it's a big mistake to get bogged down in performance-based rules that dictate when you buy and sell.” Of course, nothing prevents errors, but for long-term investors, stop-losses simply don’t make sense. This article is well worth the read.
Market Misperceptions
By , Porter Stansberry's Investment Advisory, 05/18/2010
MarketMinder's View: “Destroyed?” Yikes. Though probably not--gold and silver are both pretty and shiny, but they’ve been lousy as long-term growth investments. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , Bloomberg, 05/18/2010
MarketMinder's View: Maybe, maybe not. Our view is the ratings agencies are an inefficient oligopoly, and folks pay them too much heed. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Market Misperceptions
By , Barron’s, 05/18/2010
MarketMinder's View:
Stocks never rise for extended periods in a straight line. Volatility is normal and to be expected.
Sensible Stories
By , Daily Finance, 05/18/2010
MarketMinder's View: “Nor are things going as badly as the constant focus on sluggish, overly indebted economies like Spain, Portugal and Greece might suggest. Germany's economy is 50% larger than all the so-called peripheral countries combined, and it's witnessing a strong manufacturing rebound.” A good reminder that the eurozone is made of 16 countries, not just 5 little PIIGS.
Market Misperceptions
By , Bloomberg, 05/17/2010
MarketMinder's View:
Folks are grudgingly admitting we’re in a recovery but still find ways to put a negative spin on this good news—namely, unemployment numbers. Fact is, unemployment numbers historically have lagged economic recoveries. See our 05/06/2010 cove
Sensible Stories
By , Capital Gains and Games, 05/17/2010
MarketMinder's View: A cogent look at why punishing the “bad guys” may be more harmful than helpful—with every legislative action, historically, there have been negative consequences that followed.
Sensible Stories
By , Slate, 05/17/2010
MarketMinder's View: Though we caution against placing too much stock in any economic indicator, freight numbers are a decent barometer of economic activity—an increase in freight means an increase in goods shipments, which means an increase in expected consumption.
Market Misperceptions
By , CNN Money, 05/17/2010
MarketMinder's View:
A number of fears have undoubtedly contributed to gold’s rise recently. But what happens to gold if those fears prove unfounded? See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , MarketWatch, 05/17/2010
MarketMinder's View: Looks like there’s still a healthy appetite for US debt globally—meaning investors don’t expect the US to default in the long run, despite fears of a Greece contagion.
Market Misperceptions
By , The New York Times, 05/17/2010
MarketMinder's View:
Fears of a European contagion—particular a Greek one—are overblown. The struggling European countries are a small percentage of world GDP, and the ECB’s and IMF’s bailout package shows chances of a near-term default are slim. See our 05/11/2010 cover story, “C’est Un Bazooka,” for more.
Market Misperceptions
By , The Wall Street Journal, 05/17/2010
MarketMinder's View:
Well, that’s hard to say considering the consumer was never dead in the first place—it was business spending that fell precipitously during the recession, not consumer spending. See our 08/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration,” for more.
Sensible Stories
By , Seeking Alpha, 05/17/2010
MarketMinder's View: Here’s an article that takes a lucid look at why the economy (and stocks) will continue positive for a while yet—some reasons include accommodative monetary policy and declining inventories. See today’s cover story, “The Fundamental Focus,” for more.
Market Misperceptions
By , Seeking Alpha, 05/14/2010
MarketMinder's View: As inflation heats up, many people fear a crisis in China. However, recent data show China’s growth is in no way slowing down. For more, see our 05/13/2010 cover story, “Little Inflation in Big China.”
Market Misperceptions
By , MarketWatch , 05/14/2010
MarketMinder's View: Sure, sovereign debt worries are real for some nations, but they hardly put the global recovery in jeopardy. The market’s reaction to these worries is largely all sentiment and little fundamentals—and sentiment is fleeting. For more, see our 05/05/2010 cover story, “Rumors and Rhetoric.” 
Sensible Stories
By , Bloomberg, 05/14/2010
MarketMinder's View: Plans for an organized exit strategy are brewing in the European Union. For more, see our 05/11/2010 cover story, “C’est Un Bazooka.”
Market Misperceptions
By , The Big Money, 05/14/2010
MarketMinder's View: Granting more regulatory power to rating agencies will do little to help current financial situations. These agencies shouldn’t be viewed as having any more merit than that of any other analysts. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , The Washington Post, 05/14/2010
MarketMinder's View: A positive sign for the global recovery—several Asian countries are rising out of recession stronger than ever before.
Sensible Stories
By , Business Week, 05/14/2010
MarketMinder's View: “The price of gold is at a record high, attracting the attention of many retail investors. But this precious metal is no safe haven.” Gold is a commodity, like any other, and subject to volatility. Plus over the long term, gold’s returns have badly lagged equities. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , The New York Times, 05/14/2010
MarketMinder's View: Several good points in here about how different the US is from Greece, namely how a plethora of economic indicators are in favor of a strong US recovery. (Ignore the bit at the end where it takes a hard turn into apolitical debate about health care, which is unrelated to why the US simply is a more diverse, healthier economy than Greece.)
Market Misperceptions
By , Minyanville, 05/14/2010
MarketMinder's View: Short answer—no. We won’t be eating from the trough anytime soon. It’s close to impossible to compare our huge, broad, diverse, deep and stable economy to nations that are a fraction of our size. 
Sensible Stories
By , Federal Reserve Bank of Philadelphia, 05/14/2010
MarketMinder's View: Simply more evidence the US economic recovery has legs and is stronger than most would have presumed.
Sensible Stories
By , Bloomberg, 05/13/2010
MarketMinder's View: The Chinese stock market has been a laggard of late while Chinese real estate has been booming. Recent efforts to curb the domestic housing market could (emphasis on could) give a boost to Chinese stocks since domestic investors have limited investment options.
Market Misperceptions
By , Los Angeles Times, 05/13/2010
MarketMinder's View:
Gold has been a hot investment lately, but investors expecting it to hedge inflation or any other risk might end up disappointed. To read more on gold, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , Associated Press, 05/13/2010
MarketMinder's View: As we’ve said many times, the job market lags the stock market and the broader economic recovery. That being said, employment data has indeed begun to stabilize and improve. See our 05/06/2010 cover story, “Upbeat on Unemployment.”
Sensible Stories
By , The Wall Street Journal, 05/13/2010
MarketMinder's View: Second only to tourism in terms of economic size, the Greek shipping industry is anticipating a strong year. The productive part of Greece’s economy is still productive, thanks to strong global demand for goods.
Market Misperceptions
By , Time, 05/13/2010
MarketMinder's View:
PIIGS might struggle, but that shouldn’t sink the global economy. For more, see our 05/11/2010 cover story, “C’est Un Bazooka.”
Sensible Stories
By , Seeking Alpha, 05/13/2010
MarketMinder's View: Humans weren’t built for investing—unfortunately some of our innate behavioral traits can inhibit investing success. This article lists a few. For more, see our 01/31/2008 column, “You Gotta Believe.”
Market Misperceptions
By , Bloomberg, 05/13/2010
MarketMinder's View:
Housing may still face challenges, but that shouldn’t hold back stocks or the broader economy. For more, see our 03/31/2010 cover story, “Adventure’s Out There.”
Market Misperceptions
By , Bloomberg, 05/13/2010
MarketMinder's View:
Select countries might find themselves caught in an extended economic malaise—certain countries in Southern Europe are good candidates—but the global economy is recovering quite normally.
Sensible Stories
By , CNBC, 05/13/2010
MarketMinder's View: “Credit rating agencies defend themselves behind their first amendment, free-speech right to make informed, thoughtful predictions about the future—no different from what journalists or academics do.” Ratings agencies are setting the bar fairly low for themselves. Unfortunately, a low bar is about all they can clear. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , Bloomberg, 05/12/2010
MarketMinder's View: “The trade deficit in the U.S. widened in March to the highest level in more than a year as imports climbed faster than exports, adding to evidence of the global recovery from the worst recession in the post-World War II era.” Consumers and businesses continue to spend, exhibiting a recovery is gaining a stronger foothold.
Sensible Stories
By , MarketWatch, 05/12/2010
MarketMinder's View: In line with central banks around the world, the Bank of Korea is choosing to maintain accommodative economic policy. Central banks will likely start raising rates in the coming months, but don’t expect a globally coordinated effort. For more, see our 04/29/2010 cover story, “A (Non) Moving Target.”
Market Misperceptions
By , The Wall Street Journal , 05/12/2010
MarketMinder's View:
Before anyone breaks out the pitchforks and torches, just remember: These are reported investigations. Don’t get us wrong—misleading investors is a serious charge. However, if the allegations prove true, the actions occurred in 2007 and say nothing about the health of capital market going forward.
Sensible Stories
By , The New York Times, 05/12/2010
MarketMinder's View: It’s true folks. Despite fears of a sovereign debt contagion causing the collapse of the EU and overwhelming pessimism, the European economy expanded in the first quarter. For more, see our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!”
Market Misperceptions
By , Barron’s, 05/12/2010
MarketMinder's View:
The author’s view is “unstable markets present investors with higher-than-normal risks.” Our view is volatility usually presents risks when investors try to time market corrections or make portfolio decisions using dubious indexes like the VIX. Volatility is a normal, healthy, and expected aspect of stock market investing.
Sensible Stories
By , BusinessWeek, 05/12/2010
MarketMinder's View: Portugal proved all is not lost with a successfully strong bond auction on the heels of the EU’s aid plan.
Market Misperceptions
By , TheStreet, 05/12/2010
MarketMinder's View:
This article is emblematic of market pessimism that is pervasive today. “Very big opportunities in the cheese business in Eastern Ontario”—this sounds like a punch line from a John Candy movie. Our advice? Uncork a nice Burgundy and give this a read—for entertainment. But please, just don’t mix it with 7-Up.
Sensible Stories
By , Reuters, 05/12/2010
MarketMinder's View: While painful and potentially politically unpopular, the austerity measures proposed by Mr. Zapatero’s government exhibit Spain’s commitment to avert the issues plaguing Greece.
Market Misperceptions
By , MarketWatch, 05/12/2010
MarketMinder's View:
A more accurate title for this article might be, “Interpret All News Negatively.” For more, see our 01/25/2010 cover story, “The Pessimism of Disbelief.”
Sensible Stories
By , Fox News, 05/12/2010
MarketMinder's View: Staff, Fox News The folks in the Beltway sure are busy. Between admonishing executives and expanding access to bathrooms for federal employees, there’s no time for passing any impactful legislation—which is bullish for stocks. For more, see today’s cover story, “A Hearing a Day.”
Market Misperceptions
By , Bloomberg, 05/12/2010
MarketMinder's View:
Based on the recent aid package, it appears European governments are committed to keeping the EU together. For more, see our 05/11/2010 cover story, “C’est Un Bazooka.”
Market Misperceptions
By , The Globe and Mail, 05/11/2010
MarketMinder's View:
Don’t buy into this old adage. Spring and summer months have been overwhelmingly positive historically. For more, see our 04/30/2010 cover story, “May Day!”
Market Misperceptions
By , The Economic Collapse, 05/11/2010
MarketMinder's View: Sure, this might be a fairly good list of things needed to hike the Appalachian Trail, but as it pertains to the economy, this story should be ignored.
Sensible Stories
By , The Wall Street Journal, 05/11/2010
MarketMinder's View: The fate of Fannie remains unclear as more aid is requested.
Sensible Stories
By , The Independent, 05/11/2010
MarketMinder's View: The BoE, along with other major central banks, are likely to keep interest rates low for a while, providing a tailwind to the global economy and stocks.
Sensible Stories
By , Boston Globe, 05/11/2010
MarketMinder's View: Economic data continues to impress even while Europe seems to be getting most of the attention. For more, see our 05/05/2010 cover story, “Rumors and Rhetoric.”
Market Misperceptions
By , The Street , 05/11/2010
MarketMinder's View:
This is simply the wrong way to view trade. If trade deficits were inherently bad and surpluses good, countries like Germany and Japan would have fared far better than countries like the US and UK over the past 30 years. But they haven’t.
Sensible Stories
By , ABC News, 05/11/2010
MarketMinder's View: Between the many, many amendments to the Senate’s financial reform bill and proposals like this one from the FDIC, there are significant question marks surrounding financial firms. This is worth keeping an eye on.
Market Misperceptions
By , Bloomberg, 05/11/2010
MarketMinder's View:
Last Thursday’s midday stock market slide is perplexing and might shake some investors’ confidence in the market, but any long-lasting effects should be minimal. For more, see our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!”
Sensible Stories
By , The Telegraph, 05/11/2010
MarketMinder's View: “Manufacturing output rose 2.3pc from February, the biggest jump since March 2002.” More positive economic news worth noting.
Market Misperceptions
By , CNN Money, 05/11/2010
MarketMinder's View:
Real estate is inherently regional. The worst declines occurred in places like California, Florida, Arizona, Nevada, and Michigan. Now supplies of homes are shrinking in some of those areas, helping stabilize prices. But don’t expect a home shortage to be a real problem any time soon.
Sensible Stories
By , Real Clear Markets, 05/10/2010
MarketMinder's View: We’ve said unemployment numbers are inherently wonky. Focusing only on unemployment numbers and ignoring job growth gives investors a skewed picture of the jobs market. See our 05/06/2010 cover story, “Upbeat on Unemployment,” for more.
Market Misperceptions
By , Bloomberg, 05/10/2010
MarketMinder's View:
Circuit breakers can be good and bad. They might have helped prevent the Dow’s 998-point intraday drop last week, but they mean little for the long-term market outlook and can have unintended consequences like increasing liquidity concerns. Let’s hope regulators don’t overdo it as a knee-jerk reaction to last week’s volatility.
Market Misperceptions
By , Kiplinger, 05/10/2010
MarketMinder's View:
Recommending too many bonds just because they’ve done better than stocks over the last decade is foolish. Stocks have done better than bonds over most 10-year periods, over the vast majority of 20-year periods, and all 30-year periods. Bonds make sense for some investors for various reasons, but not simply because they did better than stocks recently.
Market Misperceptions
By , Investment News, 05/10/2010
MarketMinder's View:
Fears of a Greek contagion don’t hold much water. Greece is just a small sliver of the global economy, too small to single-handedly undo the economic positives: Jobs growth, increased global trade, and positive corporate earnings, just to name a few. See our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!” for more.
Market Misperceptions
By , The New York Times, 05/10/2010
MarketMinder's View:
This article somehow manages to turn and twist all good news into bad. Ignore. And see our 01/25/2010 cover story, “Pessimism of Disbelief,” for more.
Sensible Stories
By , Businessweek, 05/10/2010
MarketMinder's View: Risk has recently been demonized lately, for various reasons. But without risk, there’s little or no reward—and risk encourages growth and innovation, both good things, as detailed in this article.
Sensible Stories
By , Bloomberg, 05/10/2010
MarketMinder's View: In a strong show of support for fiscally vulnerable eurozone countries and to bolster the euro, the EU, ECB, and IMF agreed to a massive aid package.
Sensible Stories
By , Barron’s, 05/10/2010
MarketMinder's View: “Fears may be overblown.” Agreed. Conditions today are far different than 2008. Credit markets were locking up in 2008, but are now on the mend. Mark-to-market accounting rules were precipitating bank write-downs—those rules have since been amended. The global economy was entering recession in 2008, but is now growing again. The list goes on and on.
Sensible Stories
By , The New York Times, 05/10/2010
MarketMinder's View: Corporate profits so far have exceeded analyst expectations by a wide margin. Lean firms are turning small revenue gains into big earnings increases—and should continue to do so as analysts remain too cautious and the economy improves faster than most expect. See our 10/21/2009 cover story, “Unexpected Earnings,” for more.
Sensible Stories
By , Investor’s Business Daily, 05/07/2010
MarketMinder's View: “There's almost no comparison between the US and Greece or other failed European states.” Amen. For more, see our 05/05/2010 cover story, “Rumors and Rhetoric.”
Sensible Stories
By , The Wall Street Journal, 05/07/2010
MarketMinder's View: “Companies are reporting results that are an average 15% above estimates, compared with the 2% historical average. That is the highest surprise factor in the survey's 16-year history.” Surprise! Corporate earnings are rebounding tremendously—that’s exceptionally bullish for stocks! For more, see our 04/27/10 cover story, “Rocky Earnings.”
Market Misperceptions
By , SmartMoney, 05/07/2010
MarketMinder's View: Making investment decisions based on short-term market moves—no matter how severe—is precisely what investors shouldn’t do. For more, see today’s cover story, “The Only Thing to Fear Is…Fear!”
Market Misperceptions
By , BloggingStocks, 05/07/2010
MarketMinder's View: Since when did technical stock market analysts become prognosticators of economic doom and gloom? Isn’t one inherently flawed forecasting technique enough for these folks?
Sensible Stories
By , Telegraph, 05/07/2010
MarketMinder's View: Spain—one of the maligned PIIGS—reported positive GDP growth for the first time in seven quarters.
Sensible Stories
By , Bloomberg, 05/07/2010
MarketMinder's View: Another bullish and positive economic sign—credit markets and the financial system in general continue to heal.
Sensible Stories
By , CNN Money, 05/07/2010
MarketMinder's View: Well, look at that—more optimistic news on employment as the economy continues its recovery. For more, see our 05/06/2010 cover story, “Upbeat on Unemployment.”
Sensible Stories
By , The Washington Post, 05/07/2010
MarketMinder's View: The financial overhaul bill seems to be inching closer to passage, but many details have yet to be finalized. This is worth keeping an eye on.
Market Misperceptions
By , Yahoo!Finance, 05/07/2010
MarketMinder's View: Debt problems in select European countries are real, but aren’t likely to sink global stocks or the world economy. For more, see our 05/05/2010 cover story, “Rumors and Rhetoric.”
Market Misperceptions
By , Barron’s, 05/07/2010
MarketMinder's View: Don’t make the all-too-common mistake of selling based on short-term market volatility. This wild ride was sparked by fear (among other things) and shouldn’t be a long-term concern for investors. For more, see today’s cover story, “The Only Thing to Fear Is…Fear!”
Market Misperceptions
By , The New York Times, 05/06/2010
MarketMinder's View:
Lots of talking, but whether there is a final bill, or what it will look like is still far from certain. And as we get closer to election day, politicians will become increasingly loath to stir the pot. See our 01/22/2010 cover story, “A Limiting Proposal,” for more on financial reform.
Sensible Stories
By , Seeking Alpha , 05/06/2010
MarketMinder's View: The reality is, the world is looking a lot better going forward than what you’d typically hear.
Sensible Stories
By , AFP, 05/06/2010
MarketMinder's View: Good news for PIIGS and the EU. And although Spain has yet to enact its austerity measures, they can still successfully sell debt at decent rates.
Sensible Stories
By , Associated Press, 05/06/2010
MarketMinder's View: Good news—again. Jobs are one of the last metrics to turn around decisively in a recovery. For more, see today’s cover story, “Upbeat on Unemployment.”
Sensible Stories
By , The New York Times, 05/06/2010
MarketMinder's View: No surprises here, but reassuring to the EU. And once again, the ratings agencies and their power are being questioned. For more on the ratings debate, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Market Misperceptions
By , MarketWatch, 05/06/2010
MarketMinder's View:
Oy. The VIX is simply inherently flawed as a forward-looking indicator. It can measure extreme peaks in volatility and the lack thereof, but those peaks are always relative and coincident. That’s of no help when forming forward-looking expectations.
Market Misperceptions
By , Barron’s, 05/06/2010
MarketMinder's View:
Timing a market correction is like trying to predict a tornado—it may touch down, but then again, it may not. Corrections are inherently unpredictable in both timing and duration. See our column, “Don’t Get So Defensive!” and our 11/07/2009 cover story, “Time and Again” for more on trying to time the markets.
Market Misperceptions
By , MarketWatch, 05/06/2010
MarketMinder's View:
The bull market (measured by the Dow) will continue, but the Dow will be lower than it is today? We’re utterly confused. At any rate, we’d disagree we’re heading for a flat market. Further, never pay any attention to the Dow. For more on the Dow, see our 06/02/2009 cover story, “Don’t Bow to the Dow.”
Market Misperceptions
By , Bloomberg, 05/05/2010
MarketMinder's View:
PIIGS troubles are largely contained in Southern Europe. With a Greek aid package already in place and displayed ECB flexibility, “grave contagion effects” are a remote possibility. For more, see our 04/08/2010 cover story, “Greece Got YourGoat?”
Sensible Stories
By , The Wall Street Journal , 05/05/2010
MarketMinder's View: Factory orders jumped again in March and outpaced “even optimistic outlooks.” This is yet another healthy sign from an important US sector. For more, see our 02/04/10 cover story, “Melancholy Over Manufacturing?”
Sensible Stories
By , International Business Times, 05/05/2010
MarketMinder's View: Contrary to what most believe, consumers were a stabilizing force during the recession and have since helped propel the US economy forward. For more, see our 08/17/2009 cover story, “The Report of the Consumer’s Death is an Exaggeration” and our 05/03/2010 cover story, “Third Time’s Also a Charm.”
Sensible Stories
By , The Washington Post, 05/05/2010
MarketMinder's View: Oh, the irony. Some of the same politicians who’ve vilified short-sellers and speculators have been dabbling in short-selling themselves—politicians saying one thing and doing another shouldn’t surprise. As long as they’re not trading on non-public information, we say short away. But try to keep the hypocrisy to a minimum.
Sensible Stories
By , Bloomberg, 05/05/2010
MarketMinder's View: US firms added workers for a third month in a row—the 32,000 increase in April was the most since January 2008. Despite an overabundance of headlines to the contrary, there are signs the recovery is strengthening, if you can filter out the noise.
Market Misperceptions
By , Seeking Alpha, 05/05/2010
MarketMinder's View:
The author impressively packs a lot of negativity into a small space: China, inflation, technical metrics, PIIGS, etc. The sky must be falling, right? This is classic bull market pessimism. For more, see our 01/25/2010 cover story, “The Pessimism of Disbelief.” 
Market Misperceptions
By , Daily Finance, 05/05/2010
MarketMinder's View:
The austerity measures were not welcomed in Greece, and will be painful for many. However, we doubt a euro breakup is “a distinct possibility,” at least anytime soon. Greece and other countries have more to gain by keeping the euro around. For more, see our 04/28/2010 cover story, “The Benefits of Union.”
Market Misperceptions
By , USA Today, 05/05/2010
MarketMinder's View:
As we’ve said, “sell in May” is investing myth nonsense. One or two down days doesn’t portend summer doom for stocks. For more, see our 04/30/2010 cover story, “May Day!”
Sensible Stories
By , ABC News, 05/05/2010
MarketMinder's View: We might not agree with all aspects of this amendment, but we do agree the value added by ratings agencies should be viewed critically. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Market Misperceptions
By , Seeking Alpha, 05/04/2010
MarketMinder's View:
Wait. Aren’t we currently in the middle of a recovery? All signs point to yes.
Market Misperceptions
By , Los Angeles Times, 05/04/2010
MarketMinder's View:
China is taking appropriate steps to slow lending, and it’s hardly an abrupt exit. For more, see our 04/20/2010 cover story, “Bull in a China Shop.”
Sensible Stories
By , Financial Times, 05/04/2010
MarketMinder's View: We’re all for more transparency, and the OTC derivatives market could use it. However, investors should keep an eye on how new regulations develop.
Market Misperceptions
By , The American, 05/04/2010
MarketMinder's View:
Sure, the US has debt (and rising debt), but who doesn’t? We’ve survived past periods of debt this high as a percent of GDP and even higher! And there was no lasting ill-effect.
Sensible Stories
By , Bloomberg, 05/04/2010
MarketMinder's View: Rising factory orders prove demand is back as the economic recovery continues.
Sensible Stories
By , The Wall Street Journal, 05/04/2010
MarketMinder's View: “It really suggests the strength is sustainable.” Rising manufacturing is yet another sign a healthy economic recovery is underway.
Market Misperceptions
By , Seeking Alpha, 05/04/2010
MarketMinder's View: “I don't know when the correction will come. But the probability of one, in the order of magnitude of 10% in the next few days to weeks, appears very high.” Yes.  A correction is always possible. So? There’s little proven benefit for long-term investors to try to maneuver around one. And, we may have one—may not! Maybe not for years! Corrections are inherently unpredictable. For more, see our 01/14/2010 cover story, “Correct Correction Behavior.”
Sensible Stories
By , The New York Times, 05/04/2010
MarketMinder's View: Once again, those nations where recovery started earliest are moving to raise interest rates.
Market Misperceptions
By , The New York Times, 05/04/2010
MarketMinder's View:
Like we’ve said time and again—Greece’s problems are real, but they have been largely contained to Greece. Don’t expect this to affect the broader recovery. For more, see our 04/08/2010 cover story, “Greece Got Your Goat?”
Market Misperceptions
By , Seeking Alpha, 05/03/2010
MarketMinder's View:
Most government data should be viewed somewhat skeptically—China’s included. While the exact numbers may not be spot on, the trend almost assuredly is. The private sector is likely to do a better job allocating resources than any government, but this article fails to mention the enormous productivity gains China gets as throngs of people move to urban areas from less-developed western China.
Sensible Stories
By , CNN Money, 05/03/2010
MarketMinder's View: Unfortunately, many of the politicians who’ll be debating financial reform don’t know much about finance, especially complex tools like derivatives. Here’s a sober look at why forcing banks to shed their derivatives businesses might not be such a great idea.
Sensible Stories
By , Bloomberg, 05/03/2010
MarketMinder's View: “Manufacturing in the US expanded in April at the fastest pace since June 2004, indicating the world’s largest economy accelerated as it entered the second quarter.” Manufacturing is still an extremely important component of the US economy and has been one of the main drivers of recovery. See our 02/04/2010 cover story, “Melancholy Over Manufacturing,” for more.
Market Misperceptions
By , SmartMoney, 05/03/2010
MarketMinder's View:
It’s true the US economy isn’t yet back to its pre-recession peak, but it’s getting there much faster than most expected last year. The Fed is rightly cautious in its decision last week to maintain low rates since inflation is likely a ways off. Also, unemployment numbers are slowly improving, not getting worse. Ignore. See our 04/29/210 cover story, “A (Non) Moving Target,” for more.
Sensible Stories
By , The New York Times, 05/03/2010
MarketMinder's View: “Their business is rife with conflicts of interest….Email made public in April indicates that raters give in to the temptation to manage their ratings in order to acquire more business.” This is one reason why we’ve said ratings shouldn’t be the be all, end all. See our 04/12/2010 cover story, “Extra-Special Bulletproof,” for more.
Market Misperceptions
By , Bloomberg, 05/03/2010
MarketMinder's View:
May is a good time to get rid stocks you don’t like, but October is a good time to hold them? That logic doesn’t make much sense to us. Portfolio adjustments should be made as needed, not in any specific month. And historically, the spring and summer months have been positive for global stocks about two-thirds of the time—about as often as the rest of the year. See our 04/30/2010 cover story, “May Day!” for more.
Market Misperceptions
By , NPR, 05/03/2010
MarketMinder's View: Making economic predictions 10 years into the future is a fool’s game. Yes, federal debt servicing costs will go up if and when interest rates rise. But the size of the economy will also grow, and tax receipts will follow. Currently, we spend about 2% of GDP in debt servicing costs, not at all concerning and less than in the 1980s and 1990s—fantastic times for the economy and stocks.
Sensible Stories
By , The Wall Street Journal, 05/03/2010
MarketMinder's View: As expected, Greece received a huge aid package over the weekend. The ECB also removed the lower ratings limit on Greek bonds submitted as collateral for loans. The details still need to be approved by individual countries, but this likely just about eliminates the risk of Greece defaulting. For more, see our cover stories, “Greece Got Your Goat? (04/08/2010) and “The Benefits of Union” (04/28/2010).