Home → Fisher Investments MarketMinder Headlines → 09-2009 Archives

Sensible Stories
By , The Wall Street Journal, 09/30/2009
MarketMinder's View: This surprisingly sensible report from the California governor’s bipartisan tax commission could be an essential step in the right direction for economic stability in the Golden State. Lowering taxes would not only make it a more business-friendly environment, but it would help keep high-wage earners (who in turn are higher tax contributors) from defecting to neighboring states.
Market Misperceptions
By , The Washington Post, 09/30/2009
MarketMinder's View:
Regret-shunning at its best—this is very normal at this stage in the market cycle. Wait a few years and people will turn on the overly bearish economists. 
 
Sensible Stories
By , CNBC, 09/30/2009
MarketMinder's View: “The real risk for investors right now is being in cash.” Exactly—for investors with long time horizons, cash may do more harm than good.
Sensible Stories
By , Reuters, 09/30/2009
MarketMinder's View: The Treasury’s public-private investment program—announced in March and recently scaled back in overall scope—is finally set to begin purchasing toxic assets. The program’s smaller size and implementation delays reflect less need for such programs, thanks to increased financial system stability.
Market Misperceptions
By , USA Today, 09/30/2009
MarketMinder's View:
Looking at consumer confidence surveys does about as much good as basing your outfit today on yesterday’s weather .
 
Sensible Stories
By , Bloomberg, 09/30/2009
MarketMinder's View: While the details remain unclear, it’s apparent Sarkozy is prepared to support government spending to boost the French economy.
Sensible Stories
By , Bloomberg.com, 09/30/2009
MarketMinder's View: We’ve said this time and again, less bad news is good.
Market Misperceptions
By , MSNBC, 09/30/2009
MarketMinder's View: Consumer confidence usually doesn’t improve until after the stock market and economy turn up. Such lagging economic indicators aren’t very useful to predict future stock returns.
Sensible Stories
By , The Wall Street Journal, 09/30/2009
MarketMinder's View: Just what the Golden State desperately needs—some pro-growth policies.
Market Misperceptions
By , The Wall Street Journal, 09/30/2009
MarketMinder's View:
A wildly pessimistic assessment of banks’ financial health. Rising asset prices, improving economic conditions globally, and reviving credit markets have banks on much more stable footing.
Market Misperceptions
By , Guardian, 09/30/2009
MarketMinder's View:
The new Japanese administration’s plan to withhold planned stimulus funds could weigh on Japan’s economic recovery, but it’s too soon to conclude volatile monthly economic readings are a result of stimulus withdrawal.
Sensible Stories
By , The Wall Street Journal, 09/30/2009
MarketMinder's View: Exposure to emerging market stocks may be more volatile as these nations continue to grow, but also presents a strong investing opportunity.
Market Misperceptions
By , Wall Street Journal, 09/30/2009
MarketMinder's View:
Economic data always seem fragile in the initial stages of recovery. That isn’t likely to inhibit stocks, which should continue to move higher well ahead of a complete economic recovery.
Market Misperceptions
By , The Wall Street Journal, 09/29/2009
MarketMinder's View:
Not surprising. Consumer confidence is usually one of the last indicators to turn around in a recovery.
Sensible Stories
By , The Washington Post, 09/29/2009
MarketMinder's View: Some positive signs investors continue regaining confidence and Wall Street is very much alive.
Sensible Stories
By , The Guardian, 09/29/2009
MarketMinder's View: This is backward looking and thus won’t have much impact on the markets, but it’s telling to see how this performance compares to the “Great Depression II” predictions at the beginning of the second quarter—always beware of overly apocalyptic forecasts.
Market Misperceptions
By , The Economic Times, 09/29/2009
MarketMinder's View:
This trade “imbalance” is about as dangerous as our ballooning imbalance of trade with our local grocery store.    
Sensible Stories
By , USA Today, 09/29/2009
MarketMinder's View: “Investors should ignore the investment chatter…it is distracting them from investment opportunities.” Well said.
Market Misperceptions
By , Seeking Alpha, 09/29/2009
MarketMinder's View:
“We can expect economic conditions to deteriorate until we face the prospect of a total collapse in the United States economy.” Perhaps a bit extreme, no? Ignore.
Market Misperceptions
By , SmartMoney, 09/29/2009
MarketMinder's View:
Last we checked, Jewish holidays weren’t an indicator of stock direction. Just another erroneous investing theory that doesn’t hold water. A good investing practice includes correlation and causation—without both, you have little but speculation.
Sensible Stories
By , The Wall Street Journal, 09/29/2009
MarketMinder's View: The French are unhappy with GDP, so it’s time to change economic statistics? We don’t think so—though imperfect, GDP is very likely to remain an important economic measure. How about focusing on more economic growth instead?
Sensible Stories
By , The Wall Street Journal, 09/29/2009
MarketMinder's View: We think all political parties from all countries should get this memo.
Market Misperceptions
By , The Washington Post, 09/29/2009
MarketMinder's View:
From an investing perspective, this is exactly wrong. Missing the initial stages of a new bull market is one of the worst mistakes long-term investors can make.
Market Misperceptions
By , CNBC, 09/29/2009
MarketMinder's View:
Recovery brings a better employment picture, not the other way around—this is the reason why noticeable improvement in the employment picture doesn’t come until well after the economy has rebounded.  
 
Sensible Stories
By , The New York Times, 09/29/2009
MarketMinder's View: More and more companies are embarking on merger deals, signaling the availability of resources and the recovery of capital markets since last year’s crisis.
Sensible Stories
By , Bloomberg, 09/29/2009
MarketMinder's View: “The Federal Deposit Insurance Corp. is asking lenders to prepay three years of premiums, raising $45 billion, to replenish reserves drained by the fastest pace of bank failures in 17 years.” No one can say for sure how this will turn out, but it’s worth keeping an eye on. For more, see our 09/03/2009 cover story, “FDIC Out of Cash?”
Market Misperceptions
By , Seeking Alpha, 09/29/2009
MarketMinder's View:
The short answer? No. With an unprecedented amount of monetary stimulus in the world, this over-the-longer-run inflation is a greater worry than deflation. But neither is a concern today—huge monetary and fiscal stimuli are appropriate until a wider economic recovery takes hold.
Market Misperceptions
By , The Wall Street Journal, 09/28/2009
MarketMinder's View: While there are good points in this article, we disagree “too big to fail” institutions prevented monetary policy from working. The financial system doesn’t exist solely to transmit monetary policy. Central bankers need to adapt to an evolving financial system, which they have done quite adeptly with the creation of many new monetary tools.
Sensible Stories
By , The New York Times, 09/28/2009
MarketMinder's View: Executive compensation didn’t cause the financial crisis. See our 08/06/2009 column, “Hoopla Over Pay,” for more.
Sensible Stories
By , SmartMoney, 09/28/2009
MarketMinder's View: Access to credit—cut off as credit markets froze last year—is resuming.
Sensible Stories
By , The Wall Street Journal, 09/28/2009
MarketMinder's View: Corporate earnings have exceeded exceptionally dour expectations. Q3 earnings have the added benefit of being evaluated against easier year-over-year comparisons.
Sensible Stories
By , The Washington Post, 09/28/2009
MarketMinder's View: Promoting “green energy” at the expense of how we get it now, is to move from efficient to inefficient and a world of higher prices. We’re not saying windmills and solar panels will never have their place but if you can’t make it economically viable without taxing conventional energy sources then you shouldn’t do it.
Sensible Stories
By , Financial Times, 09/28/2009
MarketMinder's View: “There are reasons to be optimistic on trade but the G20 is not among them.” – Absolutely.
Sensible Stories
By , New York Times, 09/28/2009
MarketMinder's View: China loosening capital controls and developing more robust capital markets are positives for the global economy.
Market Misperceptions
By , International Business Times, 09/28/2009
MarketMinder's View:
The dollar’s role in the global economy is safe for the foreseeable future. It’ll be decades before a viable alternative emerges, if at all. See our 09/21/2009 cover story, “A Perplexing Peg,” for more.
Market Misperceptions
By , Financial Times, 09/28/2009
MarketMinder's View:
How can we be in a bubble when so many are calling it thus? Yes, state intervention has helped of late but when the stimulus is removed we wouldn’t necessarily expect a crash.
Market Misperceptions
By , Barron’s, 09/28/2009
MarketMinder's View: This is an overly dour outlook on the world’s second-largest economy. Not to mention the fact Japan’s economy has struggled for years without hindering the global economy. See our 08/25/2009 cover story, “Sayonara, LDP?” for more.
Market Misperceptions
By , Bloomberg, 09/28/2009
MarketMinder's View: The G-20 may posture and plan as they wish, but history shows it’s highly unlikely much new policy will result. See our 09/25/2009 cover story, “Lofty Promises, Little Action,” for more.
Sensible Stories
By , Financial Times, 09/28/2009
MarketMinder's View: “It is critical that we take the opportunity of the crisis to promote innovation-enhancing financial regulation and not let this be eclipsed by superficially popular issues” – We couldn’t agree more.
Market Misperceptions
By , The New York Times, 09/25/2009
MarketMinder's View: There will be plenty of false signals in economic data, but the timing or clarity of the economic recovery often doesn’t match the size and speed of new bull markets. Those who wait for clarity will usually get left behind.
Sensible Stories
By , Bloomberg.com, 09/25/2009
MarketMinder's View: How do you say “more investment freedom is a good thing” in Portuguese?
Sensible Stories
By , The Wall Street Journal, 09/25/2009
MarketMinder's View: Fears of a premature government exit abound, but an appropriate withdrawal is far down the line as the recovery needs time to take hold. For more, see our 09/15/2009 cover story, “Separation Anxiety.”
Market Misperceptions
By , Seeking Alpha, 09/25/2009
MarketMinder's View: Naturally, market volatility instills uneasiness, but long term investors should remember the importance of tolerating a bumpy ride so as to capture the larger bull market.
Sensible Stories
By , The Wall Street Journal, 09/25/2009
MarketMinder's View: Government officials are mulling how to use remaining TARP funds and whether to extend the program at all—something to keep an eye on.
Sensible Stories
By , Smart Money, 09/25/2009
MarketMinder's View: “Investors should act on all the signs pointing to an economic recovery, especially since the market historically performs well in the first year of recovery.” Amen.
Market Misperceptions
By , bloomberg.com, 09/25/2009
MarketMinder's View:
When we disagree with seven other people and never get anything done, do you know how we usually resolve our differences? Add 12 more people.  Ironically for the leaders, this will probably mean less concrete action—a good thing for markets as it decreases the chances of governments doing harm.
 
Market Misperceptions
By , Time, 09/25/2009
MarketMinder's View: Entertaining? Maybe. Useful or practical? No.
Market Misperceptions
By , CNBC, 09/25/2009
MarketMinder's View: Expect more Armageddon-like headlines—sentiment typically remains worried or even morbid at the start of new bulls.
Market Misperceptions
By , Bloomberg, 09/24/2009
MarketMinder's View:
A popular concern and, in our view, unfounded. For more, see our 09/03/2009 cover story, “FDIC Out of Cash?”
Sensible Stories
By , The Motley Fool, 09/24/2009
MarketMinder's View: Moral of the story: A pessimistic outlook doesn’t just make life more dreary, it can also be bad for your portfolio!
Market Misperceptions
By , Time, 09/24/2009
MarketMinder's View:
While this is good news for job hunters, surprisingly, it’s not that meaningful for future market direction.  Recall—unemployment recovery typically lags economic recovery, which lags the market.
Sensible Stories
By , Financial Times, 09/24/2009
MarketMinder's View: We don’t agree with every suggestion here but in our opinion the less intervention with markets the better.
Sensible Stories
By , The Wall Street Journal, 09/24/2009
MarketMinder's View: Healthy competition among firms is the essence of capitalism and “these strategies encompass everything an enterprise does—including how it manages and pays its employees.” For more, see our 08/06/2009 column, “Hoopla Over Pay.”
Sensible Stories
By , Bloomberg, 09/24/2009
MarketMinder's View: A few short-term emergency programs established last year wrap up amid lack of ongoing demand—a positive sign the financial system continues on the road to recovery.
Sensible Stories
By , The Wall Street Journal, 09/24/2009
MarketMinder's View: A case study on the impact of taxation.
Sensible Stories
By , CNN Money, 09/24/2009
MarketMinder's View: As the path toward a global recovery continues, here’s a look at some of those countries who seem to be returning to growth.
Market Misperceptions
By , Financial Times, 09/24/2009
MarketMinder's View:
Has the market come too far too fast? Not if you look at other early-stage bull markets—the boom since March is normal. The steeper and faster the final fall, the steeper and faster the initial surge. For more, see our 05/12/2009 cover story, “Too Fast, Too Furious?”
Sensible Stories
By , The Wall Street Journal, 09/24/2009
MarketMinder's View: Blaming bankers is politically expedient. You wouldn’t expect the G20 members to conclude – ‘it’s our fault too’ – would you?
Market Misperceptions
By , cnbc.com , 09/24/2009
MarketMinder's View:
Stating the obvious, governments give with the left hand and take back with the right. Getting that money back was never really an option, but helping boost the recovery was.
 
Market Misperceptions
By , The Telegraph, 09/24/2009
MarketMinder's View:
Suggesting international trade is suffering as a result of new more subversive protectionism is wide of the mark. Thus far most countries have resisted the temptation to incorporate protectionist legislation and talk of it remains largely as a result of political grandstanding.
 
Sensible Stories
By , The Wall Street Journal, 09/23/2009
MarketMinder's View: Before we jump on the bandwagon bashing banker’s pay, let’s understand the role government intervention played. Suggesting further intervention will only bring more unintended consequences.
Market Misperceptions
By , Telegraph, 09/23/2009
MarketMinder's View:
How is it possible to make a serious forecast that takes in the next 6 years? You can do absolutely nothing useful with this supposed information apart from ignore it.
 
Market Misperceptions
By , Reuters, 09/23/2009
MarketMinder's View:
Young, burgeoning middle classes from developing nations want new homes, cars, and nice things, just like the rest of us. And they’ll happily participate in global commerce.
Sensible Stories
By , The Wall Street Journal, 09/23/2009
MarketMinder's View: “Outlaw pay and pay will only go to those outside the reach of the law—whether they move to a hedge fund in Greenwich, Conn., or to an investment banking firm in London.”
Sensible Stories
By , Associated Press, 09/23/2009
MarketMinder's View: It’s a good sign emerging economies like India recognize the need to eliminate trade barriers.
Sensible Stories
By , BusinessWeek, 09/23/2009
MarketMinder's View: Few concrete decisions or multinational agreements ever come from G-20 gatherings—this relative stasis is good news for markets.
Sensible Stories
By , Bloomberg, 09/23/2009
MarketMinder's View: The bull market continues its run up—and with capital markets stabilizing and global economies rebounding, there’s plenty of room to run.
Market Misperceptions
By , Market Talk, 09/23/2009
MarketMinder's View:
The market’s upward movement is more to do with the change in expectations than prospects for spectacular economic growth. Back in March almost no one was forecasting economic growth at any stage in 2009.
 
Sensible Stories
By , San Francisco Chronicle, 09/23/2009
MarketMinder's View: There’s no reason why the market shouldn’t continue to trend up from here too. The economy is picking up and there’s still a huge amount of money sitting on the sidelines in cash.
Market Misperceptions
By , TimesOnline , 09/23/2009
MarketMinder's View:
Whenever we read about Global or European supervisory bodies we become wary of the threat of further government intervention.
 
Sensible Stories
By , liveMint.com, 09/23/2009
MarketMinder's View: We’re not wild about all the suggestions here but this one is wonderful: “The open sea is the world’s biggest highway. So, declare unilateral free trade and let loose the forces of urbanization along our coasts.”
Sensible Stories
By , The Wall Street Journal, 09/23/2009
MarketMinder's View: It seems like just yesterday many were lamenting IOUs and fearing the demise of the Golden State—this week, investors are eager to grab a piece of its $8.8 billion debt offering.
Market Misperceptions
By , Bloomberg, 09/23/2009
MarketMinder's View:
The assumption the US budget deficit will tank the economy (and stock markets for that matter) is unfounded—even if high inflation becomes a factor down the road, a “Fall of Rome” or other similar doomsday scenarios are unlikely. For more, see our 03/18/2009 cover story, “Debt-ja Vu.”
Sensible Stories
By , SmartMoney, 09/23/2009
MarketMinder's View: With all the gloom that still abounds, here are some positives to ballast the dour tides.
Market Misperceptions
By , The Wall Street Journal, 09/23/2009
MarketMinder's View:
As the ultimate leading indicator, stocks move ahead of economic data. Therefore, the initial bounce from a bear’s trough is often steep and full of disbelievers—stocks move first, economic data second. For more, see our 08/13/2009 cover story, “Brainlessly Buoyant?”
Market Misperceptions
By , Bloomberg, 09/23/2009
MarketMinder's View: Many can be blamed for the financial crisis and how it was handled early last fall, but there’s no need to fault the Fed for an exit strategy that hasn’t yet been detailed or implemented. Said differently, there’s no reason to worry about new “bubbles” if recovery doesn’t take hold in the first place.
Market Misperceptions
By , The Washington Times, 09/22/2009
MarketMinder's View:
Simply, stocks historically have posted big gains in times of high budget deficits in developed countries. With interest rates near record lows, governments’ ability to service existing and new debt is far better than most realize.
Market Misperceptions
By , Barron’s , 09/22/2009
MarketMinder's View:
Past Septembers are no indication of the future. So far, this September’s been just fine. For more, see our 08/28/2009 cover story, “Stay in September.”
Sensible Stories
By , The New Republic, 09/22/2009
MarketMinder's View: “Stop overreacting to Obama’s China tire tariff.” Free trade today isn’t in mortal peril. For more, see our 09/16/2009 cover story, “Minor in the Key of Kerfuffle.”
Sensible Stories
By , The Street, 09/22/2009
MarketMinder's View: We’re in the initial stage of a new bull, yet few have recognized as much.
Sensible Stories
By , The Telegraph, 09/22/2009
MarketMinder's View: Any changes should be made to strengthen not paralyze financial services.
Sensible Stories
By , Real Clear Markets, 09/22/2009
MarketMinder's View: A cogent discussion on Wall Street pay curbs. For more, see our 08/06/2009 column, “Hoopla Over Pay.”
Market Misperceptions
By , MarketWatch, 09/22/2009
MarketMinder's View:
This misses the fact that stocks generally move ahead of backward-looking economic data. That is, economic data will usually seem weak as new bull markets begin. This is a typical way many investors miss bull market beginnings—usually the strongest and fastest part.
Sensible Stories
By , Bloomberg, 09/22/2009
MarketMinder's View: Indeed—much of the global fiscal stimulus has yet to take hold as the world’s economies move back toward prosperity.
Market Misperceptions
By , The Telegraph, 09/22/2009
MarketMinder's View:
Just because equities have risen in price does not mean the market is entering a bubble.
 
Sensible Stories
By , Forbes.com, 09/22/2009
MarketMinder's View: Government should be kept well away from trying to solve a problem that doesn’t exist.
Market Misperceptions
By , USA Today, 09/22/2009
MarketMinder's View:
Late-night junk food cravings as an economic indicator? We don’t think so. (Anyway, wouldn’t it make more sense to just refrain from mini-bar snacking altogether during bad economic times?)
Market Misperceptions
By , The Wall Street Journal, 09/21/2009
MarketMinder's View:
Nothing about a specific percentage rise or a specific index level is a recipe for a bear market. One only does themselves a disservice by focusing on such arbitrary statistics.
 
Market Misperceptions
By , Barron’s, 09/21/2009
MarketMinder's View:
It’s common for gold’s positives to be touted in times of market uncertainty—today is no exception. But historically, gold has rarely if ever beat inflation, making it a poor investment for long-term investors. 
Market Misperceptions
By , Real Clear Markets, 09/21/2009
MarketMinder's View:
Why? Commodities are volatile—just like stocks and anything else traded on a free market. Folks fear “speculation,” but speculation is just another word for trading. If you buy a security, you are speculating on future price direction—doesn’t mean you have ill intent.
Sensible Stories
By , The Wall Street Journal, 09/21/2009
MarketMinder's View: “The deeper the slump, the zippier the recovery.” We couldn’t agree more, and historical data supports this theory. See our 08/13/2009 cover story, “Brainlessly Buoyant?” for more.
Market Misperceptions
By , The New York Times, 09/21/2009
MarketMinder's View:
Price caps on anything—oil, groceries, and even salaries—only lead to market distortions and unintended, usually grossly negative, consequences. Attempts to curb salary compensation will only drive much-needed talent away to other sectors—not an ideal situation.
Market Misperceptions
By , Barron’s, 09/21/2009
MarketMinder's View:
So what if the Dow hits 10,000 or even 15,000? Such milestones are arbitrary, meaningless, and tell us nothing about future stock market movements. See our 07/24/2009 cover story, “Misleading Milestones,” for more.
Market Misperceptions
By , The Independent, 09/21/2009
MarketMinder's View:
The financial turmoil has been painful but is there any chance this headline overstates the damage done?
 
Sensible Stories
By , The Wall Street Journal, 09/21/2009
MarketMinder's View: A great way to stimulate job growth: Make the cost of doing business cheaper through tax cuts.
Market Misperceptions
By , The Wall Street Journal, 09/21/2009
MarketMinder's View:
Expect all this talk to be just that: Talk. These types of “global” meetings are famous for soaring rhetoric and far-reaching policy recommendations that are never implemented.
Sensible Stories
By , Pittsburgh Tribune, 09/21/2009
MarketMinder's View: Wise words on the dangers of central planning.
Sensible Stories
By , The New York Times, 09/21/2009
MarketMinder's View: A cogent argument about the dangers of protectionism.
Sensible Stories
By , Forbes, 09/21/2009
MarketMinder's View: We couldn’t agree more. Lowering taxes is creationary – jobs, economic growth, revenues.
Sensible Stories
By , The Telegraph , 09/21/2009
MarketMinder's View: Progress comes in small doses, and sometimes it comes in the form of less bad news.
Sensible Stories
By , BBC News, 09/18/2009
MarketMinder's View: The world’s second-largest economy continues to show signs of improvement.
Market Misperceptions
By , The New York Times, 09/18/2009
MarketMinder's View: The dollar’s role as the world’s reserve currency isn’t to blame for the financial crisis. The size and diversity of our economy and the depth and liquidity of our capital markets are good reasons for the dollar’s prominent role in the global economy.
Market Misperceptions
By , Real Clear Markets, 09/18/2009
MarketMinder's View: It’s important to be mindful of looming protectionism, but such measures so far have been very minor. Today, countries worldwide recognize the many benefits of free trade. For more, see our 09/16/2009 cover story, “Minor in the Key of Kerfuffle.”
Market Misperceptions
By , The Wall Street Journal, 09/18/2009
MarketMinder's View:
Banning flash trades won’t have much effect on the market. The fervor over flash trades has been overblown all along. For more, see our 08/06/2009 cover story, “Attack of the Machines!”
Market Misperceptions
By , The Wall Street Journal, 09/18/2009
MarketMinder's View: As we’ve said, curbs on compensation are likely to do more harm than good by driving away talented individuals. For more, see our 08/06/2009 column, “Hoopla Over Pay.”
Sensible Stories
By , CNBC, 09/18/2009
MarketMinder's View: Who’s scared of a little old witch? Increased volatility is typical in witching hour, but long-term investors needn’t be concerned with such movements. For more, see our 06/22/2009 cover story, “Witching Hour.”
Sensible Stories
By , The Wall Street Journal, 09/18/2009
MarketMinder's View: Most headlines say the consumer is dead but in reality, household wealth is increasing.
Sensible Stories
By , National Post, 09/18/2009
MarketMinder's View: “As market dynamics stimulate economic activity, you can bet that the politicians meeting in Pittsburgh for the G20 will be simultaneously decrying the market's madness and taking credit for the economic recovery the market is delivering.” Right on the money.
Sensible Stories
By , Reuters, 09/18/2009
MarketMinder's View: Emergency government programs enacted last year are being dismantled as the financial system gains solid footing—bullish news.
Sensible Stories
By , Seeking Alpha, 09/18/2009
MarketMinder's View: Rampant skepticism about this market upturn suggests stocks have much further to run. We’d be far more concerned if investors were overly euphoric. A glance at daily headlines about next shoes to drop, a sucker’s rally, and a host of other concerns show euphoric sentiment is a long way off.
Market Misperceptions
By , Telegraph, 09/18/2009
MarketMinder's View:
If budget deficits signalled future market weakness, maybe you could worry, but returns tend to be quite strong following periods of big budget deficits.
 
Market Misperceptions
By , MarketWatch, 09/17/2009
MarketMinder's View:
As we’ve said, the Dow is a poorly constructed index. And why is 10,000 a worrisome level? Why not 9,831or 10,253? For more, see our 07/24/2009 cover story, “Meaningless Milestones.”
Sensible Stories
By , Bloomberg, 09/17/2009
MarketMinder's View: The dollar will be strong at times and weak at others. But there’s no reason to fear a permanently weak greenback.
Market Misperceptions
By , Seeking Alpha, 09/17/2009
MarketMinder's View:
Wrong, wrong, and wrong. Not only are these concerns well-known to investors, they aren’t at all unusual during a recession.
Sensible Stories
By , Los Angeles Times, 09/17/2009
MarketMinder's View: Investors are understandably thrilled and nervous about the run-up in stock prices. Stocks are inherently volatile, which can be unsettling to some. Historically, accepting this volatility has paid off in strong long-term returns. Like all bull markets, this market will have pullbacks along the way, but that’s no reason to fear another steep downturn.
Sensible Stories
By , The Wall Street Journal, 09/17/2009
MarketMinder's View: Cross-border investment, hampered by the financial panic, is set to rise again—a positive.
Market Misperceptions
By , Seeking Alpha, 09/17/2009
MarketMinder's View:
Goldbugs tout the yellow metal as the cure to many economic and investing ills. In reality, gold has made a lousy long-term investment. For more, see our 09/10/2009 cover story “The Bling Fling.”
Sensible Stories
By , Reuters, 09/17/2009
MarketMinder's View: Just one example of the better than expected growth that we anticipate to see.
Market Misperceptions
By , The Financial Times, 09/17/2009
MarketMinder's View:
If you think logically about this, global trade is always perfectly balanced. For any single country’s deficit there is a corresponding surplus. Don’t fret over “imbalances.”
 
Market Misperceptions
By , The Guardian, 09/17/2009
MarketMinder's View:
Let’s have some perspective, there will be no double digit inflation and winter of discontent this year in Britain. Speaking of winter though, you should be able to enjoy some mulled wine and five too many mince pies as you watch the market climb the wall of worry.
 
Sensible Stories
By , International Business Times, 09/17/2009
MarketMinder's View: Global stimulus effort should continue for some time, benefitting the global economy and helping boost stock prices.
Market Misperceptions
By , The Wall Street Journal, 09/17/2009
MarketMinder's View:
Yes, the private sector deserves a lot of credit for the economic improvement we’ve seen so far, but so does the massive wave of fiscal and monetary stimulus. It’s way too early to evaluate the full impact of the stimulus program, but the initial signs are encouraging.
Sensible Stories
By , The Telegraph, 09/16/2009
MarketMinder's View: The same could be said of any country in the world. Lower taxes attract more talent, create more jobs and increase productivity.
Market Misperceptions
By , The Wall Street Journal, 09/16/2009
MarketMinder's View:
Does it matter if the price of an ounce of gold is on par with the price of a “high-quality” men’s suit? Not really. Gold is a commodity—its price is driven by supply and demand imbalances. For more, see our 09/10/2009 cover story, “The Bling Fling.”
Market Misperceptions
By , BusinessWeek, 09/16/2009
MarketMinder's View:
Banks, like any other business do fail. More bank failures, just like the many we’ve seen already in 2009, don’t spell disaster for the stock market.
 
Market Misperceptions
By , CNN Money, 09/16/2009
MarketMinder's View:
This arbitrary cap has nothing to do with America’s ability to pay its debts. With debt extremely cheap right now, and more than enough demand, there’s little worry the US won’t be able to afford its debt.
Market Misperceptions
By , Times Online, 09/16/2009
MarketMinder's View:
14 years ago was 1995---let’s hope the next 5 years of market returns looks as good as 1995-2000.
Market Misperceptions
By , The Wall Street Journal, 09/16/2009
MarketMinder's View:
Sure, farming is nice. But we doubt most investors would be satisfied with the idea of measuring growth by “the slow ripening of a tomato.”
Sensible Stories
By , The Washington Post, 09/16/2009
MarketMinder's View: “New data released Tuesday provided evidence that the economy was turning around, showing that Americans returned to stores in August and increased their spending at the highest rate in three years.” Precisely dating the recovery isn’t vital, but stocks have certainly been telling us since March they believe recovery is in the fore.
Sensible Stories
By , Financial Times, 09/16/2009
MarketMinder's View: Remember when we said you should expect to see the market move long before the economy begins to pick up?
Market Misperceptions
By , MSN Money, 09/16/2009
MarketMinder's View:
Try as politicians might, no matter how much regulation they throw at any sector, a meltdown can always happen again. That’s the nature of free markets. And too onerous regulation can cause unintended negative consequences that can exacerbate and speed disruptions. We’d welcome streamling of regulatory bodies, but it’s wrong to assume we can regulate away volatility.
Sensible Stories
By , The Wall Street Journal, 09/16/2009
MarketMinder's View: The US stock rally has garnered much attention lately, but it’s important global investors note the US is not alone—Asian stocks reached 2009 highs this week.
Market Misperceptions
By , The New York Times, 09/16/2009
MarketMinder's View:
Unemployment will likely increase or plateau until the global recovery gathers speed. This is typical of any recession—growth will eventually lead to more hiring, not the reverse. 
Sensible Stories
By , The Wall Street Journal, 09/16/2009
MarketMinder's View: Demand for US debt, from both foreign and domestic sources, remains high—concerns to the contrary are unfounded.
Sensible Stories
By , Bloomberg, 09/16/2009
MarketMinder's View: Inflation remains in check thus far.
Market Misperceptions
By , Barron’s, 09/15/2009
MarketMinder's View:
Consumers are in much better shape than doom-and-gloom articles like this suggests. For more, see our 08/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Sensible Stories
By , Taiwan News , 09/15/2009
MarketMinder's View: Economies worldwide are transitioning from contraction to growth. The now six-month global stock rally shows investors foresaw this outcome well before it showed up in backward-looking economic data.
Market Misperceptions
By , Investor’s Business Daily, 09/15/2009
MarketMinder's View:
Tariffs and other trade restrictions have the potential to harm the US and global economies, so they warrant close monitoring. Fortunately, this relatively minor tariff likely isn’t a first step down the path to significantly increased protectionism.
Sensible Stories
By , Cato@Liberty, 09/15/2009
MarketMinder's View: This is completely illogical—to re-invigorate the private sector you want an increase in the incentive to grow, not a reduction.
Sensible Stories
By , Los Angeles Times, 09/15/2009
MarketMinder's View: “Stop with the Great Depression comparisons, already!” Amen.
Sensible Stories
By , TimesOnline, 09/15/2009
MarketMinder's View: The absolute numbers are still well below pre-crisis levels but these are the types of positive news stories that are generally ignored today.
Sensible Stories
By , Bloomberg, 09/15/2009
MarketMinder's View: The fact Citigroup, believed by many to be on the brink of collapse earlier this year, already sees TARP repayment on the horizon shows how far the financial system has come in a relatively short amount of time. For more, see our 09/11/2009 cover story “One Year Later.”
Market Misperceptions
By , Barron’s , 09/15/2009
MarketMinder's View:
Expect increased volatility around month-end options and futures expiration. For more, see our 06/22/2009 cover story, “Witching Hour.”
Market Misperceptions
By , TimesOnline, 09/15/2009
MarketMinder's View:
As the great John Templeton would say, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” This article is to be expected as we’re in the early stages of the skeptical phase—expect more reports like this in the months ahead. 
 
Market Misperceptions
By , The Washington Post, 09/15/2009
MarketMinder's View: Imposing compensation limits on Wall Street executives isn’t a panacea for financial regulatory reform. In fact, imposing strict limits will likely drive away the type of top talent the industry needs. For more, see our 08/06/2009 column, “Hoopla Over Pay.”
Sensible Stories
By , Associated Press, 09/15/2009
MarketMinder's View: It’s likely the “official” end to the recession won’t be declared for awhile, but the official end date is meaningless for stocks. Investors have been cheering the eventual end of the recession for some time now.
Sensible Stories
By , The Wall Street Journal, 09/14/2009
MarketMinder's View: Generally, we prefer the government not meddle with business—it leads to negative, unintended consequences—and its inconsistency in dealing with Financials firms last year only exacerbated the situation.
Market Misperceptions
By , The Guardian, 09/14/2009
MarketMinder's View:
Firstly this assumes there is both a need and a desire to “stop” so called climate change, the evidence is shaky at best. Secondly, the economies of the world have consistently grown over time, why would they stop now?
 
Market Misperceptions
By , MSNBC, 09/14/2009
MarketMinder's View: Expect to see more stories like this. Folks typically “feel” like the economy is still sour, even after recovery is underway.
Sensible Stories
By , Smart Money, 09/14/2009
MarketMinder's View: Today’s increase in M&A activity is bullish
Market Misperceptions
By , Bloomberg, 09/14/2009
MarketMinder's View: We agree the government spends money much more stupidly than you would. But after they spend it, it gets passed to corporations, individuals, and sometimes other governments (state and local), and those entities spend again, and again, and again, less stupidly. So while it would be better if the first spend weren’t so stupid, it does benefit the economy after all.
Sensible Stories
By , BusinessWeek, 09/14/2009
MarketMinder's View: Protectionist saber-rattling is typical as recessions end. But it’s usually more bark than bite as nations know free trade is more beneficial.
Sensible Stories
By , The New York Times, 09/14/2009
MarketMinder's View: Markets function best when free of political influences.
Market Misperceptions
By , The New York Times, 09/14/2009
MarketMinder's View: It’s just wrong that “the lion’s share” goes to whomever trades on a valuable new piece of information first. If you’ve got such a short-term time horizon that a few seconds make a difference, perhaps stocks aren’t the best asset class for you.
Sensible Stories
By , The Wall Street Journal, 09/14/2009
MarketMinder's View: Think about the long term now and make sure that we implement the lessons of the last year.
Sensible Stories
By , Financial Planning, 09/11/2009
MarketMinder's View: Happy one year anniversary, TARP! TARP has been controversial, and has flaws. But overall efforts to stabilize the financial system have paid dividends. For more, see today’s cover story, “One Year Later.”
Sensible Stories
By , Financial Times, 09/11/2009
MarketMinder's View: Economic recovery is taking place around the world.
Market Misperceptions
By , The Washington Post, 09/11/2009
MarketMinder's View:
It’s impossible to tax, regulate, or otherwise coax people into being a certain type of investor. Efforts to do so will likely do more harm than good.
Market Misperceptions
By , Daily Finance, 09/11/2009
MarketMinder's View:
Consumers are much more resilient than most people believe. For more, see our 08/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Sensible Stories
By , The Wall Street Journal, 09/11/2009
MarketMinder's View: Our capitalist tendencies are at the heart of how the horse became the car and carrier pigeon became the internet. Let’s not let some financial turmoil hamper the pace of positive change.
Sensible Stories
By , The Wall Street Journal, 09/11/2009
MarketMinder's View: Fears of foreign investors abandoning US debt are unwarranted.
Sensible Stories
By , Bloomberg, 09/11/2009
MarketMinder's View: China’s economic growth is accelerating again. With lending easing and production increasing, China is likely to lead the global economy down the path of renewed expansion.
Sensible Stories
By , Smart Money, 09/11/2009
MarketMinder's View: Any type of recovery seemed impossible to many just months ago. Today, the same folks are contemplating the recovery’s shape, speed, magnitude, etc. This shift in sentiment bodes well for stocks. For more, see today’s cover story “One Year Later.”
Market Misperceptions
By , The Telegraph, 09/11/2009
MarketMinder's View:
As we always say, new information moves markets, not the same old concerns of yesteryear.
 
Market Misperceptions
By , The New York Times, 09/11/2009
MarketMinder's View:
This article gets it wrong. Fair value accounting made banks’ balance sheets appear more “toxic” than they actually were. Amending the application of those flawed rules is a positive, not a “race to the bottom.”
Market Misperceptions
By , Financial Times, 09/11/2009
MarketMinder's View:
Follow the logic here, to help free trade, the government should slap charges on imported goods to raise the prices for consumers. How is that “free”?
 
Market Misperceptions
By , Bloomberg, 09/11/2009
MarketMinder's View:
Utilizing fair value accounting makes perfect sense for many but not all investments. Establishing accounting rules capable of dealing with different investment types makes sense.
Market Misperceptions
By , cnbc.com, 09/10/2009
MarketMinder's View:
Employment is a lagging indicator, so don’t expect the jobless outlook to be bright until well after the recession ends.
 
Sensible Stories
By , The Wall Street Journal, 09/10/2009
MarketMinder's View: Don’t let this tricky headline fool you, this is positive. Banks are stabilizing and able to stand on their own two feet! Besides, this was always meant to be a short-term program—it had to end sometime.
Market Misperceptions
By , Bloomberg, 09/10/2009
MarketMinder's View:
This is hardly threatening. In fact, rising imports and exports show global economic activity is picking up. For more, see our 09/04/2009 column, “Trade Winds.”
Sensible Stories
By , The Wall Street Journal, 09/10/2009
MarketMinder's View: The hype surrounding flash trades is overblown. High frequency trading can actually help average investors. For more, see our 08/06/2009 cover story, “Attack of the Machines!”
Sensible Stories
By , Time, 09/10/2009
MarketMinder's View: A move away from the greenback as the world’s reserve currency would take decades, and there are many, many good reasons for the dollar’s status to remain intact. For more, see our 06/03/2009 cover story, “Reserved Panda-monium.”
Sensible Stories
By , The New York Times, 09/10/2009
MarketMinder's View: Something to cheer about—a positive sign of the re-emerging strength of the US economy and financial system.
Market Misperceptions
By , USA Today, 09/10/2009
MarketMinder's View:
Programs of this magnitude and complexity take time to implement, so while this may feel slow to some, progress is, in fact, being made.
Market Misperceptions
By , Time, 09/10/2009
MarketMinder's View:
The pace of job losses has been quick, but that’s not surprising given how fast last year’s financial panic evolved. And it’s no reason to think employment will take longer to improve. On the contrary, aggressive job cuts could mean aggressive hiring as the economy improves.
Sensible Stories
By , The Times, 09/10/2009
MarketMinder's View: Great job dispelling myths of investing in gold. See our own commentary ”The Bling Fling” for our thoughts on gold.
Market Misperceptions
By , Minyanville, 09/10/2009
MarketMinder's View:
The notion money managers leave for the summer and turn their portfolios over to interns is ridiculous. Ever heard of computers, e-mail, and cell phones? They have those things even in high-priced vacation destinations. Don’t expect a sea change in sentiment just because summer is over.
Sensible Stories
By , The Wall Street Journal, 09/10/2009
MarketMinder's View: Unnecessary bureaucracy is a tax on innovation and growth whether your business is large or small.
Market Misperceptions
By , MarketWatch, 09/10/2009
MarketMinder's View:
Some baby boomers are retiring, but others are just coming into their prime earning years. And most will need their investments to work for them for a long time, so their appetite for stocks should persist.
Market Misperceptions
By , Real Clear Markets, 09/10/2009
MarketMinder's View:
The US has run a trade deficit for years and it’s never prevented recovery from recession before. Would a trade surplus be any better? Not necessarily, ask Japan about the last 10 years.
 
Sensible Stories
By , Reuters, 09/10/2009
MarketMinder's View: The wall of global fiscal and monetary stimulus continues as China makes its way toward economic recovery. For more, see our 07/17/2009 cover story, “The Year of the Ox.”
Sensible Stories
By , The Telegraph, 09/09/2009
MarketMinder's View: A return to growth is of course a good thing, but the equity market growth since March in the UK is a prime example of why waiting to see some good economic news (now) almost always guarantees that you’ll miss out on returns. Equities are forward looking while economic statistics are almost always backward-looking.
Market Misperceptions
By , Financial Times, 09/09/2009
MarketMinder's View:
Since international criminal courts regularly involve international disputes, bickering and procrastination, how would a financial court be any different? With that said, if you’re an event planner in either of Davos, Jackson Hole or Aspen, you would naturally support this.
 
Market Misperceptions
By , The Washington Post, 09/09/2009
MarketMinder's View:
Economic recoveries are usually founded on leaner and more productive companies, which in turn become more profitable, which then begin hiring and growing again, which then allows consumer spending to recover—not the other way around.
Market Misperceptions
By , The Wall Street Journal, 09/09/2009
MarketMinder's View:
We agree investors are often too short-term focused, but good golly, regulating what “focus” investors and executives should have? We don’t think so.
Sensible Stories
By , Bloomberg, 09/09/2009
MarketMinder's View: With the release of its beige book report, the Fed confirmed the economy is improving—something stocks have been reflecting for months now.
Sensible Stories
By , Financial Times, 09/09/2009
MarketMinder's View: Arguing about this is almost meaningless as it’s unlikely any government is going to go back on some of the stimulus packages already passed. However, the good part of this is the only reason for this debate is the global economy is beginning to show signs of improvement—something equities have been discounting.
Sensible Stories
By , The Wall Street Journal, 09/09/2009
MarketMinder's View: Inflation remains a risk for the future, not the here and now. The Fed and other central banks will have an opportunity to deal with it when the time comes, but for now making liquidity plentiful and available is key.
Sensible Stories
By , Reuters, 09/09/2009
MarketMinder's View: Cap-and-trade and healthcare reform are both likely destined to become shadows of their current selves—if they pass at all. Politics aside, status quo tends to be a good thing for stocks. This quagmire is bullish.
Sensible Stories
By , The Wall Street Journal, 09/09/2009
MarketMinder's View: Some might see the lack of big new financial regulation as a bad thing—we see the lack of any knee-jerk increase in regulation (a la Sarbanes-Oxley) as a good thing.
Market Misperceptions
By , Time, 09/09/2009
MarketMinder's View:
Budget deficits for developed countries matter less for stocks than many believe. In fact, historically, markets tend to see big gains in the face of rising deficits.
Market Misperceptions
By , Portfolio.com, 09/09/2009
MarketMinder's View:
Higher taxes aren’t the answer to rein in “risky” bankers. When you tax something, you tend to get less of it. So, taxing bankers more will mean less banking. Not a great strategy to get an ailing economy going.
Market Misperceptions
By , CNN Money, 09/09/2009
MarketMinder's View:
Fears over the dollar’s role as the global reserve currency are unfounded, and stock investors shouldn’t buy into the hype. For more, see today’s cover story, “Of Mop-Tops and Monetary Union.”
Sensible Stories
By , Financial Times, 09/08/2009
MarketMinder's View: As the economy picks up, more and more firms will start hiring again. We don’t recommend waiting until then to get invested though, you’ll have missed the boat.
Market Misperceptions
By , cnbc.com, 09/08/2009
MarketMinder's View:
Are the markets too optimistic now, or were they just way too pessimistic six months ago?
 
Sensible Stories
By , Bloomberg, 09/08/2009
MarketMinder's View: Hooray for gridlock! An overload of government legislation typically causes more harm than good.
Sensible Stories
By , Adam Smith Institute, 09/08/2009
MarketMinder's View: When times are tough, we all too often fail to put things in proper perspective
Market Misperceptions
By , CNN Money, 09/08/2009
MarketMinder's View:
Unemployment is usually one of the last things to turn around in a recession and will continue to rise until it doesn’t—the recession is easing. Growth begets jobs, not the other way around.
Sensible Stories
By , Bloomberg, 09/08/2009
MarketMinder's View: Proof economic recovery happens before unemployment recovers.
Sensible Stories
By , Portfolio.com, 09/08/2009
MarketMinder's View: A resurgence in mergers and acquisitions tells us firms are feeling more confident and credit markets are easing.
Market Misperceptions
By , Bloomberg, 09/08/2009
MarketMinder's View:
We suppose this is being driven by the runaway success of the “amero.”
Sensible Stories
By , Reuters, 09/08/2009
MarketMinder's View: While it’s hard to know exactly what new regulation will be (if any actually passes—and it could take some time), it’s likely that in the near- to mid-term we see some shake-ups in which B players suddenly find they’re now A-status. For more, see our 08/12/2009 cover story, “Sickness or Health.”
Market Misperceptions
By , MSNBC, 09/08/2009
MarketMinder's View:
Expect to see lots of stories like this one. The onset of a new bull market is always volatile—pullbacks are normal, not a sign of the bear’s return.
Market Misperceptions
By , SmartMoney, 09/08/2009
MarketMinder's View:
This mixes up market and economic growth. Economic growth can be sluggish, but what matters for stocks is relative expectations. Thus far, stocks have been pleasantly surprised by a less-bad-than-expected economy since March.
Market Misperceptions
By , The Telegraph, 09/08/2009
MarketMinder's View:
No currency system developed has proved to be perfect but returning to a centrally planned arrangement is a backward step.
 
Market Misperceptions
By , Time , 09/07/2009
MarketMinder's View:
It’s a dangerous game to play suggesting this recession is fundamentally different to all others.
 
Market Misperceptions
By , cnbc.com, 09/07/2009
MarketMinder's View:
It’s very unlikely one week of market movements will tell us much about where they head next. Pull backs are normal in any bull market but just because we’ve seen a strong 6 months doesn’t mean the bull is over.
 
Sensible Stories
By , Times Online, 09/07/2009
MarketMinder's View: Attempting to limit bankers pay stems more from a thirst for blood than a desire for sound economic policy. It didn’t work before, there’s nothing to suggest the impact would be any different this time.
Sensible Stories
By , The Times, 09/07/2009
MarketMinder's View: As we said in today's commentary, “Things need to get ‘less bad’ first and, from an investor’s standpoint, less bad is good.” Don’t expect things to turn from bad to great overnight.
Market Misperceptions
By , Barron’s, 09/04/2009
MarketMinder's View:
Market volatility is normal. Trying to time short-term swings that may or may not happen can be costly and fraught with peril. Plus, there’s nothing fundamentally wrong with September or October dictating that stocks must fall. For more, see our 08/28/2009 cover story, “Stay in September.”
Market Misperceptions
By , MSN Money, 09/04/2009
MarketMinder's View:
Could the economy U- or double-bottom? Sure. But don’t confuse economic recovery for stock recovery—stocks can surge even on sluggish economic growth. For more, read our 08/20/2009 cover story, “Alphabet Soup Recovery.”
Market Misperceptions
By , New York Times, 09/04/2009
MarketMinder's View:
Raising taxes is exactly the wrong medicine for the economy as it would only decrease the incentive to work, invest, and take risks. We need more of these incentives, not less.
Sensible Stories
By , International Business Times, 09/04/2009
MarketMinder's View: Worries over a premature government exit from recent stimulus are unfounded. The near- coordinated wall of fiscal and monetary stimulus seems set to continue.
Market Misperceptions
By , The Street, 09/04/2009
MarketMinder's View:
The four most dangerous words in investing . . .
Sensible Stories
By , The Wall Street Journal, 09/04/2009
MarketMinder's View: An example of what not to do.
Sensible Stories
By , The Times, 09/04/2009
MarketMinder's View: A good example of the inconsistencies of these supposed expert forecasts and why you should ignore most of them—equities have already begun discounting the fact that the economy will be better than many expect.
Sensible Stories
By , The Wall Street Journal, 09/04/2009
MarketMinder's View: A good example of exactly why government shouldn’t be in the business of “doing business.”
Market Misperceptions
By , The Wall Street Journal, 09/04/2009
MarketMinder's View:
Pretty much every recovery is “jobless”—until it isn’t anymore. Unemployment typically keeps rising even after economic recovery is underway. Growth begets jobs, not the other way around.
Market Misperceptions
By , MSN Money, 09/04/2009
MarketMinder's View:
Some very wrong notions in here. To start, trading on insider information is, in fact, illegal, particularly if you yourself are an insider. Insider trading tells you nothing. Second, P/Es aren’t predictive of future stock returns. Finally, new bull markets are steep and fast. That’s not a sign of trouble, that’s a sign of a normal, new bull.
Sensible Stories
By , The Wall Street Journal, 09/04/2009
MarketMinder's View: While this is a positive sign, it’s important to note consumer spending didn’t fall as much as many thought during the recession. For more, see our 08/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Sensible Stories
By , Bloomberg, 09/03/2009
MarketMinder's View: The global economy is in recovery mode, as foreshadowed by stocks’ big gains beginning months ago. This will continue.
Market Misperceptions
By , Barron’s, 09/03/2009
MarketMinder's View:
New bull markets are typified by volatility—it’s never a straight line up.
Market Misperceptions
By , The Wall Street Journal , 09/03/2009
MarketMinder's View:
Articles promoting bonds always appear after periods of stock market weakness but over time equities have been the best performing asset class—we don’t see this changing.
Sensible Stories
By , Times Online, 09/03/2009
MarketMinder's View: An international tax on financial services is precisely the sort of backlash regulation of which we’re wary.
Market Misperceptions
By , The Wall Street Journal, 09/03/2009
MarketMinder's View:
Trying to force results by withholding performance pay isn’t a good tactic and will likely result in driving away talented individuals to other industries or even countries.
Sensible Stories
By , Financial Times, 09/03/2009
MarketMinder's View: File this in the “less bad is good” category. Unemployment is always a lagging indicator so don’t expect it to drastically improve until well after the economy turns.
Market Misperceptions
By , The Telegraph, 09/03/2009
MarketMinder's View:
We see it oppositely—world economies have mostly averted hugely burdensome new regulation and now are in recovery mode.
Sensible Stories
By , Business Week, 09/03/2009
MarketMinder's View: Companies are starting to spend again—a very positive sign for global recovery.
Sensible Stories
By , The Wall Street Journal, 09/03/2009
MarketMinder's View: Political expediency and sound economics rarely make good dance partners.
Sensible Stories
By , Smart Money, 09/03/2009
MarketMinder's View: “Prices rise and fall based on supply and demand, regardless of whether politicians ban futures trading.” Limiting liquidity and sources of price discovery often have negative unintended consequences.
Sensible Stories
By , The Wall Street Journal, 09/02/2009
MarketMinder's View: The economy is feeling the positive impact of fiscal and monetary stimulus.
Sensible Stories
By , Kiplinger’s, 09/02/2009
MarketMinder's View: “Widespread pessimism is actually a bullish sign. It means other investors are wary of stocks. Indeed, $3.6 trillion is currently parked in money-market mutual funds—even though they yield virtually nothing. That's a lot of fuel to lift the market higher.” Yes. Opportunities abound in a new bull market.
Market Misperceptions
By , Fortune, 09/02/2009
MarketMinder's View: The investing environment is constantly changing, but consumers, markets, and investors aren’t fundamentally different than in the past. Assuming “it’s different this time” can lead to poor investment decisions. See our 8/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration,” for more.
Sensible Stories
By , Bloomberg, 09/02/2009
MarketMinder's View: Yet another sign our nation’s banking system is quickly regaining its footing.
Market Misperceptions
By , Real Clear Markets, 09/02/2009
MarketMinder's View:
Bank failures of all sizes are a normal part of a recession, and their struggles are well known to investors. Banks are in better shape now than many forecast just months ago as factors such as FDIC insurance, Fed liquidity facilities, and a steep yield curve have helped stabilize the industry.
Sensible Stories
By , The Wall Street Journal, 09/02/2009
MarketMinder's View: Unfortunately, many investors veer from their long-term investing strategies after big stock market drops. This can be a serious impediment to reaching their investing goals.
Market Misperceptions
By , Bloomberg, 09/02/2009
MarketMinder's View:
Government intervention in compensation—and company culture for that matter—is likely to send employees running to those companies (or countries) that are free to pay them competitively.
Sensible Stories
By , The Wall Street Journal, 09/02/2009
MarketMinder's View: Turns out passing major legislation isn’t as easy as some lawmakers believed. And don’t expect things to get easier as mid-term congressional elections approach and the popularity of major initiatives wanes. Stocks should benefit as investors cheer the status quo.
Sensible Stories
By , The Wall Street Journal, 09/02/2009
MarketMinder's View: Global economic conditions are improving. August manufacturing activity was up in the US, China, and France, among others.
Market Misperceptions
By , Barron’s, 09/02/2009
MarketMinder's View:
Investing based on seasonal trends often leads to futile attempts to time the market. Investors are better served focusing on long-term goals and keeping their eye on the prospects for this new bull market going forward. For more, see our 8/28/2009 cover story, “Stay in September.”
Sensible Stories
By , The Wall Street Journal, 09/01/2009
MarketMinder's View: Putting today’s economic predicament into perspective.
Market Misperceptions
By , Daily Finance, 09/01/2009
MarketMinder's View:
This fear is already widely reflected in real estate related securities and capital markets generally. That is, it’s very well-priced in by now. Ignore.
Market Misperceptions
By , MarketWatch, 09/01/2009
MarketMinder's View:
Volatility is always a factor no matter the month or season.
Market Misperceptions
By , The Wall Street Journal, 09/01/2009
MarketMinder's View:
“But the swiftness and magnitude of this bounce-back aren't reasons to be cheerful; they are reasons to be cautious.” We would disagree. Historically, bounces come steep and fast off a bear bottom, leaving the “cautious” behind.
Sensible Stories
By , Seeking Alpha, 09/01/2009
MarketMinder's View: “The onset of any correction in markets will be generally taken as a tactical opportunity to enter or reinforce investors’ participation in what should prove a sustainable, if irregular, up move whose potential can deliver one of the most remarkable rides in post war history.” Amen--investors would be crazy to sit this one out.
Market Misperceptions
By , The Wall Street Journal, 09/01/2009
MarketMinder's View:
Politics always play a role, but trade between the US and China—and world trade generally—is on the rebound.
Sensible Stories
By , Reuters, 09/01/2009
MarketMinder's View: BofA is just another of many banks who are repaying bailout funds—a bullish signal for capital markets in recovery.