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Sensible Stories
By , The Wall Street Journal , 06/30/2010
MarketMinder's View: European banks have caused jitters throughout global markets of late, but while there may be some trouble spots, a majority of the fears are overblown. For more, see today’s cover story, “A Chicken Little Sort of Day?”
Market Misperceptions
By , Pragmatic Capitalist, 06/30/2010
MarketMinder's View:
Unrestrained bearishness like this is a good sign the end of this correction likely isn’t too far off.
Sensible Stories
By , Zero Hedge, 06/30/2010
MarketMinder's View: This is not satire (though it is very funny)—the ratings agencies are turning on each other. In what may be the opening salvo in the war of the rating oligopolies, S&P put Moody’s on downgrade review.
Sensible Stories
By , Bloomberg, 06/30/2010
MarketMinder's View: Manufacturing in the US expanded for the ninth straight month as demand from Emerging Markets helped spur global growth. For more, see our 06/03/2010 cover story, “Positive Profits.”
Sensible Stories
By , BusinessWeek, 06/30/2010
MarketMinder's View: Despite the homebuyer’s tax credit expiring on April 30th, mortgage applications rose to an eight-month high last week, fueled by low interest rate refinancing.
Sensible Stories
By , BusinessWeek, 06/30/2010
MarketMinder's View: “Stocks in the US are the cheapest relative to bonds in three decades, a sign it’s time to buy after the biggest equity retreat since the bull market began 15 months ago.” That’s a refreshing notion among all the pessimism in recent headlines.
Market Misperceptions
By , Telegraph , 06/30/2010
MarketMinder's View:
In just under a 1,000 words, the author impressively manages to pack in nearly every major negative headline from the last month. Our personal favorite morsel of negativity is the reference to the “psychologically sensitive” level of 10-year bonds yields.
Market Misperceptions
By , CNN Money, 06/30/2010
MarketMinder's View:
Here it comes…wait for it…the VIX! Predictably, after a rough day for stock markets, someone in the financial media points to the VIX and calls for the collapse of global markets. The author of this article is today’s winner.
Market Misperceptions
By , The Globe and Mail, 06/30/2010
MarketMinder's View:
Comparing current market conditions to an athlete coming off performance-enhancing drugs is ridiculous. Should this correction have an asterisk next to it in the correction hall of fame? This article is just a recap of recent market pessimism, please ignore.
Sensible Stories
By , The Wall Street Journal , 06/30/2010
MarketMinder's View: The cumbersome financial overhaul bill is quickly becoming more and more watered down as Congress dropped the proposed bank tax.
Market Misperceptions
By , Kiplinger, 06/29/2010
MarketMinder's View:
This is merely a collection of the same fears that cropped up in the past two years—none are new. And where did these nonsensical “likelihoods” come from? Ignore.
Sensible Stories
By , American Thinker, 06/29/2010
MarketMinder's View: “If there were no private wealth, the economy would become void of capital investment. Innovation and production would decelerate, with a corresponding decline in employment and living standards.” Exactly.
Market Misperceptions
By , International Business Times, 06/29/2010
MarketMinder's View:
Maybe, maybe not. Gold has almost no utility, so forecasting gold means guessing whether someone who views gold as some sort of safe haven will be willing to pay higher prices at some point in the future. That’s a tough game to play. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Market Misperceptions
By , The Wall Street Journal, 06/29/2010
MarketMinder's View:
Consumer confidence is a backward-looking indicator and has historically been a terrible predictor of stock market returns. See our 02/24/2010 cover story, “A False Prophet,” for more.
Sensible Stories
By , Bloomberg, 06/29/2010
MarketMinder's View: European debt issues—which aren’t nearly as bad as portrayed—get all the press, but credit is actually improving in many parts of the world. For more, see our 04/16/2010 cover story, “PIIGS Versus SKIMJOSTS.”
Sensible Stories
By , Associated Press, 06/29/2010
MarketMinder's View: A historic example of how trade barriers are falling, helping spur global economic growth. For more, see our 06/16/2010 cover story, “Make Trade, Not Taxes.”
Sensible Stories
By , The Wall Street Journal, 06/29/2010
MarketMinder's View: China becoming more integrated in the global economy is positive for both foreign and domestic firms.
Sensible Stories
By , The Sydney Morning Herald, 06/29/2010
MarketMinder's View: Twelve years is a lot of time—stocks simply don’t react to events that far out. See our 06/28/2010 cover story, “The Paper Companies’ Big Win,” for more.
Market Misperceptions
By , The Motley Fool, 06/28/2010
MarketMinder's View:
The article correctly points out the biggest contributor to rising government debt levels is revenue loss. But it’s dead wrong about the best way to generate more revenue. Promoting economic growth is a far better prescription than raising growth-choking taxes.
Sensible Stories
By , Reuters , 06/28/2010
MarketMinder's View: Investors have rightly come to realize very little comes out of these meetings.
Sensible Stories
By , Financial Times, 06/28/2010
MarketMinder's View: This is worth keeping an eye on, but means little to Greece’s ability to fund its debt obligations now the EU/IMF aid package is in place.
Market Misperceptions
By , The New York Times, 06/28/2010
MarketMinder's View:
Comparing 2010 to the likes of 1873 or 1930 is preposterous. A number of countries are implementing fiscal austerity measures, but there’s far more happening in the world today. The Great Depression also had huge trade barriers erected, whereas today we’ve got strengthening trade. Back then monetary policy became overly tight—very unlike today’s exceptionally loose monetary conditions. The list of differences between now and then goes on and on and far outweighs the similarities.
Sensible Stories
By , The Wall Street Journal, 06/28/2010
MarketMinder's View: A key component of the economy and this recovery reported an increase Monday.
Market Misperceptions
By , Financial Times , 06/28/2010
MarketMinder's View:
Interest rates will need to rise eventually. But with very little inflation present in most of the developed world, central bankers are right to keep rates low and to promote economic growth.
Market Misperceptions
By , Bloomberg, 06/28/2010
MarketMinder's View:
The banking bill is a bit silly and shows politicians are doing the same old tired thing yet again, but that doesn’t mean another financial crisis is imminent. It would be impossible to create legislation that prevented all crises. For more, see today’s cover story, “The Paper Companies’ Big Win.”
Sensible Stories
By , The Wall Street Journal, 06/28/2010
MarketMinder's View: Lost in the myriad concerns making headlines daily is the fact earnings are set to grow massively this year and have so far been exceeding expectations. That trend will likely continue.
Market Misperceptions
By , The Economist, 06/25/2010
MarketMinder's View: Actually, yes. Historically, we’ve seen developed nations have much higher levels of debt and survive perfectly fine—and even have robust growth.
Sensible Stories
By , Yahoo! Finance, 06/25/2010
MarketMinder's View: Sure, there are some justified global concerns today, but here are a few reasons to look on the bright side of this rising market.
Sensible Stories
By , The Wall Street Journal, 06/25/2010
MarketMinder's View: Discussions about the financial overhaul bill are wrapping up as lawmakers reach a final decision. Read on for more details about the bill.
Market Misperceptions
By , Seeking Alpha, 06/25/2010
MarketMinder's View: These are all reasons to be bearish we’ve debunked repeatedly in recent cover stories. See how many you can spot that are either overwrought or just plain wrong.
Sensible Stories
By , The Wall Street Journal, 06/25/2010
MarketMinder's View: Business spending ramps up as companies restore their faith in the economy. This is bullish.
Market Misperceptions
By , Daily Finance, 06/25/2010
MarketMinder's View: Many fear China’s currency revaluation could create major problems for the US market. But these fears are unfounded. For more, see our 06/22/2010 cover story, “Yuan for You, Yuan for Me.” 
Market Misperceptions
By , International Business Times, 06/25/2010
MarketMinder's View: Nothing to be nervous about here. This is a minor downward revision to perfectly fine growth. GDP revisions occur frequently and should be taken with a grain of salt.
Sensible Stories
By , Telegraph, 06/25/2010
MarketMinder's View: Uncertainty surrounding stress tests likely added to some volatility recently, but some agree worries may be all for naught. For more, see our 06/18/2010 cover story, “Unnecessary Stressing.”
Sensible Stories
By , Reuters, 06/25/2010
MarketMinder's View: Greece continues to adopt required austerity measures in persistent efforts to secure economic stability.
Sensible Stories
By , Vox , 06/24/2010
MarketMinder's View: An interesting look back at how government bungling may have unnecessarily stoked fears about Greece’s fiscal situation. For more on Greece and other PIIGS countries, see our 05/20/10 column, “In Depth: European Debt Issues.”
Sensible Stories
By , CNNMoney, 06/24/2010
MarketMinder's View: A positive sign. The labor market still has a long way to go, but that shouldn’t hold back stocks. For more, see our 05/06/2010 cover story, “Upbeat on Unemployment.”
Sensible Stories
By , Reuters, 06/24/2010
MarketMinder's View: Good news in the eurozone: “The annual rise was the steepest since May 2000 and bigger than the 21.5% expected on average by analysts polled by Reuters.” Stronger exports are one benefit of a recently weak euro.
Sensible Stories
By , Reuters, 06/24/2010
MarketMinder's View: Financial reform appears to be around the corner. Even if it’s fraught with questionable new regulations, which it undoubtedly will be, at least the market will have some clarity about forthcoming changes.
Market Misperceptions
By , Seeking Alpha, 06/24/2010
MarketMinder's View:
Wednesday’s release was heavily distorted by the expiration of government tax credits for homebuyers. For more, see today’s cover story, “Housing Tax-Credit Hangover.”
Market Misperceptions
By , MarketWatch, 06/24/2010
MarketMinder's View:
If transportation (mostly aircraft) is excluded, durable goods orders were actually up 0.9%. Which means factories are running and manufacturing is pushing the recovery forward. 
Market Misperceptions
By , BusinessWeek, 06/24/2010
MarketMinder's View:
The pessimism of disbelief is in full force here. Earnings are set to surge this year worldwide—that’s fantastic for stocks. For more, see our 01/25/2010 cover story, “Pessimism of Disbelief.”
Market Misperceptions
By , Daily Finance, 06/24/2010
MarketMinder's View:
Let’s see—though not “new” isn’t leaving interest rates unchanged (and exceptionally low) a stimulative “economic tool”? Last time we checked it still was. Ignore.
Market Misperceptions
By , The Wall Street Journal , 06/23/2010
MarketMinder's View:
Politicians are deluding themselves if they think these taxes won’t flow right through to bank customers. It’s too bad we can’t levy a tax on politicians to protect folks from their misguided moves. For more, see today’s cover story, “Crime and Punishment.”
Sensible Stories
By , Café Hayek, 06/23/2010
MarketMinder's View: This is a minor issue but a bad precedent. Simply put, protectionist trade policies can be economically detrimental. Sadly, this is a lesson US politicians, from Alexander Hamilton to present, have difficulty learning.
Sensible Stories
By , Chicago Tribune, 06/23/2010
MarketMinder's View: “The number of CEOs planning to ramp up hiring is at the highest level since mid-2007.” As the economy and business profits continue to recover, so will the job market.
Sensible Stories
By , Seeking Alpha, 06/23/2010
MarketMinder's View: Despite proclamations of doom, the housing market is actually showing signs of stabilization.
Market Misperceptions
By , Reuters, 06/23/2010
MarketMinder's View:
The euro and its member countries face struggles, but a collapse of the common currency isn’t imminent.
Market Misperceptions
By , The Wall Street Journal , 06/23/2010
MarketMinder's View:
This data doesn’t mean much since expiring tax credits undoubtedly contributed to the drop-off. Housing data is likely to be choppy going forward, but should have little effect on stocks returns in the long term. For more, see our 03/31/2010 cover story, “Adventure’s Out There.”
Sensible Stories
By , Associated Press, 06/23/2010
MarketMinder's View: Amid the pessimistic headlines of late, here is some good news from US Treasury Secretary Geithner: “The government's investments in aided banks have brought a return to taxpayers of $21 billion.”
Sensible Stories
By , The Globe and Mail, 06/23/2010
MarketMinder's View: How ‘bout those global markets, eh? Canadian business leaders are looking further afield than the US for growth. Embracing global markets is very bullish for Canadian firms.
Sensible Stories
By , RTTNews, 06/23/2010
MarketMinder's View: Greek Finance Minister George Papaconstantinou reported on Wednesday he expects Greece to “reduce its budget deficit to below the approved level of 3% of GDP by the end of 2012” and “the Greek economy is expected to return to growth by the middle of next year.” Greece isn’t out of the woods yet, but this “crisis” likely has run its course. For more, see our 06/04/2010 cover story, “Crisis-Gate.”
Market Misperceptions
By , Associated Press, 06/22/2010
MarketMinder's View:
Counting bank failures is like counting sheep—markets yawn. Fact is, bank failures are normal during and after a recession—weaker banks fall while healthier banks survive—and aren’t evidence of any future trouble.
Sensible Stories
By , San Francisco Chronicle, 06/22/2010
MarketMinder's View: “It’s more a political story than an economic one.” Agreed. For more, see today’s cover story, “Yuan for You, Yuan for Me.”
Market Misperceptions
By , The Wall Street Journal, 06/22/2010
MarketMinder's View: Such a move is a great way to push businesses out of these countries and into business-friendly countries. Regulators will likely find the levies will do more harm than good.
Sensible Stories
By , Real Clear Markets, 06/22/2010
MarketMinder's View: Some good commentary regarding the real causes of the financial crisis and the always-dour Dr. Doom. Remember, an economic double dip is rare, but doomsayers will usually have folks believing they’re as common as dirt.
Market Misperceptions
By , The New Republic, 06/22/2010
MarketMinder's View:
How do we get the economy to prosper again? It is prospering—well on the way to recovery. The way to get it to falter again is to hike taxes and radically increase government intervention as this article suggests.
Sensible Stories
By , Seeking Alpha, 06/22/2010
MarketMinder's View: …would smell as sweet. Despite all the doomsayers, call it what you will—we are in a bull market.
Sensible Stories
By , Financial Times, 06/22/2010
MarketMinder's View: Some tough medicine for the UK. We are pleased to see a corporate tax rate cut is part of the plan, though the VAT is getting hiked.
Market Misperceptions
By , The New York Times, 06/22/2010
MarketMinder's View:
The economy is now recovering—and has been fully three quarters in the US (and more in Emerging Markets)—yet this article claims it’s still depressed. We wonder what the data source for this is?
Sensible Stories
By , Bloomberg, 06/22/2010
MarketMinder's View: Expect more credit availability as the economic recovery continues.
Market Misperceptions
By , CNNMoney, 06/21/2010
MarketMinder's View:
Before arguing about the Fed’s bullets—they have more than folks think—a double dip must appear imminent. Currently, another recession is nowhere in sight. 
Sensible Stories
By , The New York Times, 06/21/2010
MarketMinder's View: Since China pegged the yuan in 2008, there’ve been complaints and politicking aplenty. Letting the currency gradually appreciate allows China to claim compliance—on their terms—reducing the chance the recent China/US trade spat will escalate.
Market Misperceptions
By , Seeking Alpha, 06/21/2010
MarketMinder's View:
No recovery is a straight line. We can expect the economy to take a breather here and there, but in aggregate, the recovery has dramatically outstripped expectations of another recession.
Sensible Stories
By , The New York Times, 06/21/2010
MarketMinder's View: It’s not all bad in Europe—a weaker euro and low interest rates are positive drivers for exports and economic growth generally.
Sensible Stories
By , The Wall Street Journal, 06/21/2010
MarketMinder's View: What a good problem to have. Bring on production!
Sensible Stories
By , Slate, 06/21/2010
MarketMinder's View: This is bullish! Like other Emerging Markets, Brazil is booming and picking up US companies along the way. For more, see our 6/11/2010 cover story, “Improvements for the Average João.”
Market Misperceptions
By , Telegraph, 06/21/2010
MarketMinder's View:
This is not a return to the gold standard—it’s irrational worry pushing investors to buy an outmoded investment.  
Market Misperceptions
By , The Daily Beast, 06/21/2010
MarketMinder's View:
Maybe, maybe not. But there’s one glaring difference—the eurozone learned from the US experience, preemptively backing member countries both fiscally and monetarily.  
Sensible Stories
By , The Wall Street Journal, 06/18/2010
MarketMinder's View: “Today’s successful borrowing effort by Spanish officials suggests that talk of a funding crisis in Europe’s fourth-biggest economy is overblown.” Amen.
Sensible Stories
By , The New York Times, 06/18/2010
MarketMinder's View: Who would’ve thought? Two giants in the auto industry (which was at the forefront of the economic crisis) are stable and increasingly profitable.
Sensible Stories
By , Barron’s, 06/18/2010
MarketMinder's View: The central bank’s decision to extend low rates for the foreseeable future provides a tailwind to the economy and stocks.
Sensible Stories
By , The Wall Street Journal, 06/18/2010
MarketMinder's View: A look into Japan’s future plans to encourage further economic stability.
Market Misperceptions
By , The Globe and Mail, 06/18/2010
MarketMinder's View:
A look at recent export growth worldwide shows global trade is on a huge upswing. This isn’t reflected in the Baltic Dry Index because shipping capacity has also increased as ships ordered years ago come online.
Sensible Stories
By , Bloomberg, 06/18/2010
MarketMinder's View: More evidence Europe is in a lot better shape than most fear.
Market Misperceptions
By , Smart Money, 06/18/2010
MarketMinder's View:
Be careful not to confuse correlation with causation. To some degree, jobless claims and the stock market reflect the economy—the stock market being forward-looking while jobless claims look backward. If it weren’t for the 2008 financial crisis when the stock market plummeted and jobless claims spiked, this relationship wouldn’t be nearly as tight.
Sensible Stories
By , The Wall Street Journal, 06/18/2010
MarketMinder's View: As the financial overhaul debate continues, the Fed can breathe a sigh of relief—they’ll likely retain “the power and independence Fed officials have feared they might lose.” Thank goodness.
Market Misperceptions
By , Seeking Alpha, 06/18/2010
MarketMinder's View:
Embrace the bearishness! Many investors unfortunately pull cash out of equity mutual funds at exactly the wrong time. Folks tend to be scared about stocks when they’re cheap and want all the stock they can get when they’re expensive. The fact individual investors are nervous is a good sign stocks are a bargain now.
Market Misperceptions
By , The Huffington Post, 06/18/2010
MarketMinder's View:
No, we aren’t just seeing things. This recovery is real and should continue. None of the widely discussed concerns in this article have the teeth the author suggests nor does it consider the massive economic positives in place today.
Sensible Stories
By , Reuters, 06/17/2010
MarketMinder's View: “Greece seems on track with budget cuts and economic reforms demanded as part of a bailout to rescue the debt-laden nation from bankruptcy.” While Greece isn’t out of the woods, they certainly seem to be on steadier ground.
Market Misperceptions
By , Telegraph, 06/17/2010
MarketMinder's View:
And just like last year when everyone predicted the US dollar would be no more, we anticipate euro fears will soon be seen as silly.
Sensible Stories
By , International Business Times, 06/17/2010
MarketMinder's View: The demand for US Treasuries hasn’t gone anywhere, though many feared it may be on shaky ground. For more, see our 05/18/2010 cover story, “America, Still Popular.”
Market Misperceptions
By , Reuters, 06/17/2010
MarketMinder's View:
Punishing certain banks for the economic crisis isn’t the answer here. It won’t prevent future volatility—and just makes it more difficult for banks to be profitable right at a time when we want them to lend more. Silly.
Market Misperceptions
By , MarketWatch, 06/17/2010
MarketMinder's View:
With the US decidedly in recovery and Emerging Markets growing fast—together fully half the world GDP—it’s hard to argue the overall world won’t continue recovering.
Sensible Stories
By , Reuters, 06/17/2010
MarketMinder's View: Fears of an immediate Spanish default continue to be overwrought.
Market Misperceptions
By , Associated Press, 06/17/2010
MarketMinder's View:
We’ve said it time and again—unemployment is a lagging indicator and is always one of the last things to turn around in any recovery. It will come around in due time. For more, see our 05/06/2010 cover story, “Upbeat on Unemployment.”
Sensible Stories
By , The Wall Street Journal, 06/17/2010
MarketMinder's View: No more free checking? Thank you, Congress! The laws of unintended consequences—for more, see today’s cover story, “Charge It, Please…Or Not.”
Sensible Stories
By , Reuters, 06/17/2010
MarketMinder's View: Mortgages are cheap! A positive for the housing industry.
Sensible Stories
By , CNN Money, 06/17/2010
MarketMinder's View: While talk is hot and heavy almost daily about hyperinflation risks, inflation remains quite tame.
Market Misperceptions
By , Barron’s, 06/16/2010
MarketMinder's View:
This is just another voice in the “this time it’s different” chorus. As we’ve said before, the economic and stock market recovery isn’t reliant on housing. For more, see our 03/31/10 cover story, “Adventure’s Out There.”
Sensible Stories
By , CNNMoney, 06/16/2010
MarketMinder's View: Dollar-bashing reached fever pitch last year, but it didn’t take long for folks to warm up to the greenback again. As we’ve said, the dollar’s role as the world’s dominant currency won’t be at risk for some time. For more, see our 04/09/2010 cover story, “Going Once…Going Twice…”
Sensible Stories
By , International Business Times, 06/16/2010
MarketMinder's View: Rates will not stay this low forever, but for the time being, the Fed’s accommodative monetary policy is the correct course of action.
Sensible Stories
By , Associated Press , 06/16/2010
MarketMinder's View: “Industrial production rose 1.2 percent in May as manufacturing remained a key engine of the economic recovery.” Manufacturing in the US continues to march on. For more, see our 02/04/2010 cover story, “Melancholy Over Manufacturing?”
Sensible Stories
By , The Sydney Morning Herald, 06/16/2010
MarketMinder's View: The IMF recently christened Asian economies a “global economic powerhouse.” Tax and trade policies should help Asian economies hold on to that moniker for awhile. For more, see today’s cover story, “Make Trade, Not Taxes.”
Market Misperceptions
By , CNNMoney, 06/16/2010
MarketMinder's View:
With all of the hearings, finger-pointing, and grandstanding of late in the Beltway, it looks like Representative Anh “Joseph” Cao saved his best line for a BP executive. While amusing, investors should ignore the political posturing going on in Washington. For more, see our 05/12/2010 cover story, “A Hearing a Day.”
Sensible Stories
By , BusinessWeek, 06/16/2010
MarketMinder's View: Just months after Chile was rocked by an earthquake some feared would be a major economic stumbling block, Chile is being upgraded. Greece is only about twice as big as Chile economically, but we think it’s fair to say Greece gets more than twice the attention.
Market Misperceptions
By , Bloomberg, 06/16/2010
MarketMinder's View:
There’s little in the financial overhaul bill that addresses the issues that led to the 2008 financial crisis. As usual, it’s mostly a political knee-jerk reaction.
Market Misperceptions
By , The Motley Fool, 06/16/2010
MarketMinder's View:
More doom and gloom. This dour article cites derivatives as the downfall of global economic markets. Derivatives can be troublesome when misused, but on balance they reduce risk, not increase it.
Sensible Stories
By , Fortune, 06/16/2010
MarketMinder's View: In our view, studies are better than bad legislation any day.
Market Misperceptions
By , Portfolio.com, 06/16/2010
MarketMinder's View:
Despite recent, and oversubscribed, debt offerings from Spain and Portugal, PIIGS will likely remain in the headlines for some time. For more, see our 06/15/2010 cover story, “We’re Not Out of the PIIGS Pen, Yet.”
Market Misperceptions
By , Seeking Alpha, 06/16/2010
MarketMinder's View:
Technical markers are about as accurate as tea leaves or tarot cards in predicting stock market movements. Be wary of anyone telling you otherwise.
Sensible Stories
By , Associated Press, 06/15/2010
MarketMinder's View: Fears the world will stop buying US assets continue to prove false.
Market Misperceptions
By , Yahoo Finance, 06/15/2010
MarketMinder's View:
OK…it’s their job to worry about the economy. But US growth continues to look robust.
Market Misperceptions
By , BloggingStocks, 06/15/2010
MarketMinder's View:
We’d agree gold, long-term, is a bad bet. But we wouldn’t say high gold prices signal doom going forward. It just means people are pretty hot on gold for the time being, nothing more.
Sensible Stories
By , DailyFinance, 06/15/2010
MarketMinder's View: We disagree that high unemployment is keeping us back. Rather, high unemployment is normal at this stage in the recovery. The point to note in this article is that firms are incredibly cash rich, and as they deploy that—in innovation—the economy improves and so does employment. For more, see our 06/14/2010 cover story, “Cashlandia.”
Sensible Stories
By , International Business Times, 06/15/2010
MarketMinder's View: Another vote of confidence for the recovery.
Market Misperceptions
By , The Atlantic, 06/15/2010
MarketMinder's View: They are there! The world continues growing strongly—both in developed and developing nations. For more, see our 06/11/2010 cover story, “Improvements for the Average Joao.”
Market Misperceptions
By , MarketWatch, 06/15/2010
MarketMinder's View:
Did the tax credit do its job? You bet. Decreases a month or two after the credit expired were expected, and let’s keep in mind there’s been a 41% increase in the index since early 2009.
Market Misperceptions
By , CNNMoney, 06/15/2010
MarketMinder's View:
While grains of good thinking exist in this piece, they’re far outweighed by concepts that don’t make sense. If you haven’t heard of these “best ideas,” consider yourself lucky and disregard.
Sensible Stories
By , Reuters, 06/15/2010
MarketMinder's View: We agree. However, we find it humorous Fitch is saying this a day after they downgraded Greece. Still, we’re happy they acknowledged that “a lot of problems in Greece are specific to Greece.” This is what we’ve been saying repeatedly in recent months. See our 04/08/2010 cover story, “Greece Got Your Goat?” for more.
Market Misperceptions
By , Bloomberg, 06/14/2010
MarketMinder's View:
Regulators are once again trying to blame market speculators for EU troubles—but speculators don’t cause trouble (usually). They point out areas of market risk and provide more liquidity. Bans like this don’t solve the problem they aim to solve (e.g., normal systemic risk)—but they fortunately usually do little harm. See our 05/20/2010 cover story, “An Uphill Battle,” for more.
Sensible Stories
By , The New York Times, 06/14/2010
MarketMinder's View: Sound advice. But don’t let the dollar, yen, or Bhutanese ngultrum dictate it either. Currencies are inherently a zero sum game. Relative strength of any one currency isn’t predictive of market direction.
Sensible Stories
By , MarketWatch, 06/14/2010
MarketMinder's View: The eurozone is recovering despite concerns surrounding PIIGS sovereign debt—more evidence of a global recovery.
Sensible Stories
By , SmartMoney, 06/14/2010
MarketMinder's View: Think the news is all bad and the economy can’t recover? “A steady rate of economic recovery doesn’t hinge on a steady rate of good news.” The good stuff is often buried or ignored—simple truth.
Sensible Stories
By , MSNBC, 06/14/2010
MarketMinder's View: Volatility has always been (and likely always will be) part and parcel of healthy, functioning stock markets—investors shouldn’t be unnerved by short-term market movements.
Sensible Stories
By , Bloomberg , 06/14/2010
MarketMinder's View: Stimulus is never perfect, but “TARP repayments have continued to exceed expectations, substantially reducing the projected cost of this program to taxpayers.” See our 12/10/2009 cover story, “TARP Controversy,” for more.
Market Misperceptions
By , The New York Times, 06/14/2010
MarketMinder's View:
In times of heightened stock market volatility and economic uncertainty, gold is always touted as the ultimate safe-haven investment. But history shows gold’s returns over time badly lag stocks—an important consideration for long-term investors. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Market Misperceptions
By , Bloomberg, 06/14/2010
MarketMinder's View:
There’s not much basis for this statement since the EU’s debt issues are being met head-on by a joint IMF-ECB rescue package. Plus, PIIGS nations keep having oversubscribed debt auctions at unremarkable rates. For more, see our cover stories, “C’est Un Bazooka” (05/11/2010) and “Crisis-Gate” (06/04/2010).
Market Misperceptions
By , The Wall Street Journal, 06/11/2010
MarketMinder's View:
We agree deflation has been a risk for developed nations. But with recovery underway and a lot of excess liquidity sloshing about, our deflationary pressures should soon be abating globally, if they aren’t gone already.
Sensible Stories
By , The Wall Street Journal, 06/11/2010
MarketMinder's View: “US companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the sustainability of the economic recovery.” Firms are healthy, but more importantly, deployment of those cash reserves will only continue underpinning the recovery.
Sensible Stories
By , The Washington Post, 06/11/2010
MarketMinder's View: It’s worthwhile to read about the “circuit breaker.” But note the “test” will be on just a few stocks for a very short period
Market Misperceptions
By , Seeking Alpha, 06/11/2010
MarketMinder's View: In honor of the World Cup kickoff today, we thought we’d include this. But ignore all sports-related indicators. Or any gimmicky indicators. They’re fun to read about, but not predictive. 
Sensible Stories
By , BusinessWeek, 06/11/2010
MarketMinder's View: Overall we like this article. It shows the famous “bears” in the last cycle weren’t necessarily prescient—they were long-time bears who were finally bearish at the right time! Also, despite a massive stock market recovery and growing evidence of a global recovery, not one of them has shifted much from their bearish outlook. (Although, we’d point out some famous perma-bears are bearish in word, but bullish in deed.) For more, see our 06/08/2010 column, “Crisis, Roubini Style.”
Sensible Stories
By , BusinessWeek, 06/11/2010
MarketMinder's View: At home and abroad, the recovery continues to prove it has legs to stand on as we continue toward healthier times.
Sensible Stories
By , Blogging Stocks, 06/11/2010
MarketMinder's View: And we largely agree. Troubled nations have been able to raise debt in oversubscribed auctions, and a big bailout awaits them should they need it. For more, see our 06/08/2010 cover story, “We’re Okay, Euro Okay.”
Market Misperceptions
By , Minyanville, 06/11/2010
MarketMinder's View: Is it? Where? Sure—inflation is a risk down the road, but inflation has basically been flat to very modest over the past year.
Market Misperceptions
By , The Washington Post, 06/11/2010
MarketMinder's View: Yep—the US has a lot of debt right now. But this level of debt or higher hasn’t led to ruin in the past. In fact, fine economic times followed. There’s no formulaic “right” or “wrong” level of debt for a developed nation we can identify that tips the economy into a tailspin. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.”
Sensible Stories
By , Reuters, 06/11/2010
MarketMinder's View: Several valid points on why a double dip isn’t happening anytime soon.
Market Misperceptions
By , The Wall Street Journal, 06/10/2010
MarketMinder's View:
Yep—to be expected. Let’s remember the trade deficit narrowed because of recession, which no one likes. A trade deficit is usually a sign of economic vibrancy, not coming trouble.
Market Misperceptions
By , MSNBC, 06/10/2010
MarketMinder's View:
Of course they’re “mulling” it. That’s their job! Doesn’t make it any more likely. With the overall world growing strongly and emerging markets leading the way, odds are much stronger that overall world economic growth continues. After every recession, headlines decry a coming double-dip (that usually never materializes) even though true economic double-dips are quite rare.
Sensible Stories
By , CNBC, 06/10/2010
MarketMinder's View: More evidence Greece’s situation is nowhere near as dire as folks fear. For more, see our 04/08/2010 cover story, “Greece Got Your Goat?”
Market Misperceptions
By , Bloomberg, 06/10/2010
MarketMinder's View:
Hopefully, this is just saber-rattling (as is quite normal). Because imposing tariffs to “punish” a nation for currency policy the US doesn’t like leads to far more negative than positive consequences. Better to let the Chinese engage in policy they think benefits them most—just as we do, and just as every nation does.
Sensible Stories
By , Daily Finance, 06/10/2010
MarketMinder's View: Moody’s CEO Ray McDaniel admits their “ratings are not, and should not be treated as, statements of fact about past occurrences, guarantees of future performance or investment recommendations." Yet folks pay so darn much attention to them and they can affect credit availability. We’d be in favor of severing the regulatory tie and relegating them to their rightful place beside all other analysts. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , EU Business, 06/10/2010
MarketMinder's View: And so do we.
Sensible Stories
By , Reuters, 06/10/2010
MarketMinder's View: As expected—and more signs central banks have ample ammo to deal with liquidity issues.
Market Misperceptions
By , Seeking Alpha, 06/10/2010
MarketMinder's View:
Doomed? A death spiral? What will the dollar be replaced with? Shells and beads? The dollar has strengthened quite a bit this year, actually. But it doesn’t much matter—historically, there’s no material connection between relative dollar strength and market direction. 
Market Misperceptions
By , Associated Press, 06/09/2010
MarketMinder's View:
German politicians won’t give up on their efforts to regulate capital markets. What’s worse, it looks like France is trying to get in on the action. For more, see our 05/20/2010 cover story, “An Uphill Battle.”
Market Misperceptions
By , Bloomberg, 06/09/2010
MarketMinder's View:
According to the IMF, risks to the global economy have “risen significantly”—but none of the risks the IMF identified are new. It’s hard to understand what makes existing, well-known risks more significant.
Sensible Stories
By , Reuters, 06/09/2010
MarketMinder's View: Lately, it seems like Mr. Bernanke can’t walk by a microphone without talking into it. Regardless, we agree, “the effects of the crisis on economic growth in the United States seem likely to be modest.”
Sensible Stories
By , MSNBC, 06/09/2010
MarketMinder's View: All in all, it looks like the European debt worries might end up being another brick in the wall of worry stocks love to climb. For more, see our 06/08/2010 cover story, “We’re Okay, Euro Okay.”
Market Misperceptions
By , Fortune, 06/09/2010
MarketMinder's View:
Undoubtedly, corrections are scary, but they are in fact a normal part of bull markets. What’s not normal? The video in this article showing people petting a bear.
Sensible Stories
By , The Washington Post, 06/09/2010
MarketMinder's View: It’s not all doom and gloom in Greece—the shipping industry continues to be a bright spot for the tiny nation.
Sensible Stories
By , CNNMoney, 06/09/2010
MarketMinder's View: Based on a survey of economists and a bevy of overwhelmingly positive economic data, this article rightly notes, “a double dip is even less likely than it was earlier this year.”
Market Misperceptions
By , The Guardian , 06/09/2010
MarketMinder's View:
Ignore the rumblings of the government-enforced oligopolies. If the last few years have taught us anything, it’s to view the opinions of ratings agencies with skepticism. For more, see today’s cover story, “A Not So Sterling Warning.”
Sensible Stories
By , Business Insider, 06/09/2010
MarketMinder's View: Ignore the talking heads on the 24-hour news channels—the US is not headed for a Grecian-style debt calamity. When calculating federal debt ratios, it’s important to use correct figures (e.g., don’t count money the Federal government owes itself). As the author notes, “there is no imminent crisis.”
Sensible Stories
By , Bloomberg, 06/09/2010
MarketMinder's View: Brazil is booming. Greece, take note. For more, see our 05/14/2010 cover story, “The Girl from Ipanema or Santorini?”
Market Misperceptions
By , The Globe and Mail, 06/09/2010
MarketMinder's View:
The debt “crisis” is likely just another, in a long line of “crises” covered by the media. In all likelihood it will end like other recent “crises” have—with stocks overall moving higher. For more, see our 06/04/2010 cover story, “Crisis-Gate.”
Market Misperceptions
By , The New York Times, 06/08/2010
MarketMinder's View:
Unemployment is never fun for the unemployed. But we cannot say this enough: It is normal and to be expected that improvements in employment will lag—maybe even greatly—the economic recovery. It would be highly unusual and, in fact, a complete historical aberration for employment to improve first. 
Market Misperceptions
By , Associated Press, 06/08/2010
MarketMinder's View:
Keep in mind, this analysis is based on a budget that will likely be scrapped in the next few weeks.
Sensible Stories
By , BusinessWeek, 06/08/2010
MarketMinder's View: Details surrounding a €440 billion rescue fund are being finalized. This is worth keeping an eye on. For more, see today’s cover story, “We’re Okay, Euro Okay.”
Market Misperceptions
By , The 12% Letter, 06/08/2010
MarketMinder's View:
Several problems here. First, the book he describes is about a past credit crisis. Everything in the book already happened! It’s not a forecast. Also, for a better book on the 2008 crisis, see our 06/03/2010 column, “Book Review:  The Greatest Trade Ever.”
Sensible Stories
By , SmartMoney, 06/08/2010
MarketMinder's View: We rather disagree volatility has “returned.” The stock market is always volatile—sometimes more, sometimes less. But we agree that, “while admittedly right now the equity market isn’t offering much to be optimistic about, longer term that sort of pessimism is often a bullish sign.” For more, see our 05/21/2010 cover story, “Corrections and Other Common Anomalies.”
Sensible Stories
By , The Wall Street Journal, 06/08/2010
MarketMinder's View: “A survey of employers showed stronger hiring plans in 30 out of 36 countries and territories for the third quarter, compared to a year ago.” This shows the recovery is well underway since unemployment is one of the last things to turn around.
Market Misperceptions
By , The Pragmatic Capitalist, 06/08/2010
MarketMinder's View:
Since economic fundamentals are radically different from 2008 and overall the world continues improving, it seems much more likely we’re experiencing a nasty correction. Corrections are never comfortable, but the most prudent course of action is normally to wait out the agonizing bumps. For more, see our 06/04/2010 cover story, “Crisis-gate.”
Sensible Stories
By , Seeking Alpha, 06/08/2010
MarketMinder's View: “When sentiment and fundamentals are at odds with one another there is opportunity.” Exactly—stocks love to climb a wall of worry.
Sensible Stories
By , The Wall Street Journal, 06/08/2010
MarketMinder's View: It sure seems that way. Signs continue to point toward a full economic recovery.
Market Misperceptions
By , Associated Press, 06/07/2010
MarketMinder's View:
Let the scapegoating begin. No doubt, hosting an expensive Olympics wasn’t the brightest idea, but Greece’s corruption, bad budgeting, and poor fiscal policy were in place for years (if not decades) before. We rather doubt the Olympics was the “final straw” in this scenario.
Sensible Stories
By , The Washington Post, 06/07/2010
MarketMinder's View: Private equity transactions picking up is another sign of forward-looking confidence in the economic recovery.
Sensible Stories
By , BBC News, 06/07/2010
MarketMinder's View: Encouraging economic data abound—if you’re willing to see it.
Sensible Stories
By , Times, 06/07/2010
MarketMinder's View: Expect manufacturing to pick up more as the global economic recovery continues—along with consumer demand.
Sensible Stories
By , The Wall Street Journal, 06/07/2010
MarketMinder's View: “There are definitely worries out there…but for now the US economic recovery is intact.” Yep. PIIGS’ sovereign debt worries, Hungary, etc., don’t seem big enough to derail the recovery—in the US or globally. Problem areas will exist even in the best of times.
Market Misperceptions
By , The Wall Street Journal, 06/07/2010
MarketMinder's View:
We’re not huge fans of tax hikes, but tax raises aren’t going to take effect until much farther out—giving the economy and stocks time to price in their effects.
Sensible Stories
By , The Big Picture, 06/07/2010
MarketMinder's View: “That ‘pronounced, pervasive, and persistent decline’ is simply not present. Indeed, double dip recessions are actually rather rare.” Agreed. See our 12/08/2009 cover story, “Skip the Double-Dip,” for more.
Market Misperceptions
By , Seeking Alpha, 06/07/2010
MarketMinder's View:
This isn’t evidence of forward-looking trouble. It’s normal for weaker banks to fail during and after a major recession—all while healthier banks survive.
Market Misperceptions
By , Financial Times, 06/07/2010
MarketMinder's View:
America’s jobless picture is still weak, but improving—this is normal. Employment improvements always lag the broader economy—sometimes by a lot. See our 05/06/2010 cover story, “Upbeat on Unemployment,” for more.
Sensible Stories
By , The Wall Street Journal, 06/04/2010
MarketMinder's View: Regulators are inching closer to reaching a decision on bank reform, something to keep an eye on.
Sensible Stories
By , Blogging Stocks, 06/04/2010
MarketMinder's View: Productivity continues to rise—positive news for earnings going forward.
Market Misperceptions
By , Seeking Alpha, 06/04/2010
MarketMinder's View:
Some folks just can’t get in their bones stocks actually do rise more than fall. Stocks represent a piece of future earnings, and, forever, new firms come into the market, grow, add product lines, etc., so at a point in the future, there will be more and more aggregate earnings, translating into higher equity prices.
Market Misperceptions
By , The Economist, 06/04/2010
MarketMinder's View: We’ve been through a period of higher deflation risk. And in some regions, it may still be a near- term risk, but with so much new money added, inflation is the greater risk—though still far off.
Market Misperceptions
By , The Wall Street Journal, 06/04/2010
MarketMinder's View: Wayward caboose? Sure, there have been some bumps along the way, but even against the backdrop of debt jitters, growth estimates—even for Europe—have been revised up. For more, see our 05/27/2010 cover story, “Projecting on Growth.”
Sensible Stories
By , Slate, 06/04/2010
MarketMinder's View: “The concern about a double dip is largely a function of what I'd call residual bearishness.” Otherwise known as the “wall of worry” stocks love to climb.
Sensible Stories
By , Financial Times, 06/04/2010
MarketMinder's View: And the winner is…Kan! News of a prime minister reappointment (something Japan is very familiar with) hardly affected stock market moves. For more, see our 06/02/2010 cover story, “The Land of the Revolving Door.”
Sensible Stories
By , The Motley Fool, 06/04/2010
MarketMinder's View: “The biggest threat to investing success, however, is emotion.” Exactly. Daily wiggles can be hard to watch, but market volatility is a normal part of investing.
Market Misperceptions
By , Bloomberg, 06/04/2010
MarketMinder's View: Hungary is up next for the “crisis” treatment. Hungary couldn’t be more different than Greece, has a much smaller economy, and can actually devalue its own currency. Are they in trouble? Probably, but they’ve had a bailout package in place and ready since 2008.  For more, see our 06/04/2010 cover story, “Crisis-Gate.”
Sensible Stories
By , The Globe and Mail, 06/03/2010
MarketMinder's View: Emerging markets may be leading this economic recovery, but developing nations aren’t too far behind—a positive for the globe. For more, see today’s cover story, “Positive Profits.”
Sensible Stories
By , RTT News, 06/03/2010
MarketMinder's View: Yet another area seeing continued growth.
Market Misperceptions
By , Dow Jones Newswires, 06/03/2010
MarketMinder's View: It’s the G20's job to get together and make dire predictions. But that doesn’t make them right or particularly accurate.
 
Sensible Stories
By , Detroit News, 06/03/2010
MarketMinder's View: You know the recovery has legs when even the embattled US auto industry is seeing a big rebound. May marked the fifth month of double-digit auto sales increases—which hasn’t happened since 1984.
Market Misperceptions
By , The Wall Street Journal, 06/03/2010
MarketMinder's View: Japan is very well versed in prime minister turnover, it’s the norm there. Sure, there may be some volatility in the short term as the global recovery continues to gain its footing, but it’s not because of PM change. For more, see our 06/02/2010 cover story, “The Land of the Revolving Door.”
Market Misperceptions
By , The Street, 06/03/2010
MarketMinder's View: Maybe, maybe not. There remains little evidence there’s any contagion as the other PIIGS continue to have successful debt auctions. But even in the best of times, there will be small trouble spots—and economically, both Hungary and Greece are tiny.
Market Misperceptions
By , Seeking Alpha, 06/03/2010
MarketMinder's View: Maybe, though housing seems to be recovering now. But even if it does, housing was very weak in 2009 while stocks boomed.
Sensible Stories
By , CNN Money, 06/03/2010
MarketMinder's View: Unemployment eased and the private sector added 55,000 jobs in May.
Sensible Stories
By , The Wall Street Journal, 06/02/2010
MarketMinder's View: Yukio Hatoyama joins the long list of former Japanese prime ministers. Prime minister turnover in Japan is not a new phenomenon and should have little effect on global equity shares. For more, see today’s cover story, “Land of the Revolving Door.”
Sensible Stories
By , Bloomberg, 06/02/2010
MarketMinder's View: “Triple-A-factory”—ouch. With hearings looming, it looks like a bumpy road ahead for Moody’s. Just remember, Moody’s and other ratings agencies are just analysts, nothing more. And the ratings agencies themselves are largely a government-endorsed oligopoly with no competition. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Market Misperceptions
By , Seeking Alpha, 06/02/2010
MarketMinder's View:
So. Much. Pessimism. There’s plenty of good economic news out there. For more, see our 06/01/2010 cover story, “PIIGS and Chips.”
Market Misperceptions
By , The Big Picture, 06/02/2010
MarketMinder's View:
Folks, it doesn’t get any more arbitrary than the hemline indicator—this article will only help you shop for summer fashions.
Market Misperceptions
By , The Globe and Mail, 06/02/2010
MarketMinder's View: Frankly, we had a tough time following this article. More private savings will help repair public finances?
Market Misperceptions
By , Yahoo! Finance , 06/02/2010
MarketMinder's View:
This is just bad advice, so please ignore. If you’re going to take advice from someone, make sure that someone’s familiar with your individual situation—not just some talking head on TV.
Sensible Stories
By , Times, 06/02/2010
MarketMinder's View: UK manufacturers are taking advantage of a weak pound as “activity at British factories increased at the fastest rate in more than 15 years in May.”
Market Misperceptions
By , The Globe and Mail, 06/02/2010
MarketMinder's View:
German legislators get an “A” for effort, but no amount of legislation will tame stock market fluctuations. For more, see our 05/20/2010 cover story, “An Uphill Battle.”
Sensible Stories
By , Bloomberg , 06/02/2010
MarketMinder's View: Some advice from Dow’s CEO: “financial markets shouldn’t panic over the European debt crisis or Chinese growth because [Dow’s] sales indicate consumer demand is improving in both regions.”
Sensible Stories
By , The Economist, 06/02/2010
MarketMinder's View: More positive economic data from India, which, like many Emerging Markets, continues to show strong growth.
Sensible Stories
By , Times, 06/01/2010
MarketMinder's View: The OECD’s urging is perplexing. The global economy has improved dramatically but isn’t entirely out of the woods. Accommodative monetary policies help ensure the economy will find its footing. And inflation is absent just about everywhere. The time will come for interest rates to rise, but central bankers are rightfully being cautious.
Sensible Stories
By , The Wall Street Journal, 06/01/2010
MarketMinder's View: More good news on the US economic front—more demand equals more manufacturing, which eventually equals more jobs.
Sensible Stories
By , BBC News, 06/01/2010
MarketMinder's View: India’s economic growth shouldn’t surprise—Emerging Markets have led the global economic recovery for some time and will likely continue to do so. See our 05/27/2010 cover story, “Projecting on Growth,” for more.
Market Misperceptions
By , USA Today, 06/01/2010
MarketMinder's View:
While we agree the future looks bright for stocks and the best time to be invested is often when others are fearful, basing all buying decisions on a historically coincident or lagging index is a poor strategy. Focus on fundamentals, not some silly index, for guidance.
Sensible Stories
By , The Wall Street Journal, 06/01/2010
MarketMinder's View: Rightfully so. A host of US economic data continue to exhibit positive trends. For more, see our 05/17/2010 cover story, “The Fundamental Focus.”
Market Misperceptions
By , Financial Times, 06/01/2010
MarketMinder's View:
This shouldn’t be surprising considering PIIGS turmoil—firms are less inclined to hire during economic uncertainty. However, Germany and the Netherlands—two of the EU’s strongest countries, economically—notably experienced drops in joblessness. 
Market Misperceptions
By , The Wall Street Journal, 06/01/2010
MarketMinder's View:
Much of this article is doom and gloom—until the last sentence, which grudgingly admits some stocks are good deals. May was a bad month for stocks, but volatility (a little or a lot) is part of any healthy, functioning stock market. One down month is no reason to get out of stocks. See our 05/21/2010 cover story, “Corrections and Other Common Anomalies,” for more.
Market Misperceptions
By , Portfolio.com, 06/01/2010
MarketMinder's View:
No one’s ever said economic recovery is going to be easy or quick. But this is a classic example of putting a bad spin on a piece of good news—that small business lending is up. See our 01/25/2010 cover story, “Pessimism of Disbelief,” for more.