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Market Misperceptions
By , 10/31/2006
MarketMinder's View: We couldn't really find any supporting evidence within the story to back up the headline.  Every month it seems there is new story of impending doom.  Funny that the "doom" never happens.
Market Misperceptions
By , The Financial Times, 10/31/2006
MarketMinder's View: This is silly.  Consumers don't need help saving.  They're in better financial shape than they have ever been.
Sensible Stories
By , The Financial Times, 10/31/2006
MarketMinder's View: We'd quibble with declaring the death of national indices, but the article is a noteworthy discussion of portfolio construction.
Market Misperceptions
By , Bloomberg.com, 10/31/2006
MarketMinder's View: Huh?  Just looking at a chart says a 20% decline is imminent?  What about the stuff that really matters, like a strong global economy and 73% of companies in the S&P 500 beating earnings expectations so far this quarter?
Market Misperceptions
By , Business Week, 10/31/2006
MarketMinder's View: A potential housing market collapse continues to be one of the most over-reported (and over-exaggerated) stories.
Sensible Stories
By , The Wall Street Journal, 10/31/2006
MarketMinder's View: Not only is supply being destroyed at a record pace, but demand is strong as well.  This is bullish for equities.
Market Misperceptions
By , The Wall Street Journal, 10/31/2006
MarketMinder's View: The outcome is still too close to call, but whatever happens in the upcoming US mid-term elections it won't be sweeping change and wealth redistribution.
Sensible Stories
By , MSNBC.com, 10/31/2006
MarketMinder's View: We quote: "But there are no realistic scenarios we can think of that would create a ‘tipping point' that would set in motion an unstoppable down cycle…maybe massive global famine or some killer virus that wipes out entire cities.  But your odds of dying while driving a car are much greater.
Sensible Stories
By , Bloomberg.com, 10/31/2006
MarketMinder's View: Robust growth in emerging markets will keep demand for commodities high.
Sensible Stories
By , MarketWatch.com, 10/31/2006
MarketMinder's View: There was an inflation scare?
Sensible Stories
By , National Public Radio, 10/28/2006
MarketMinder's View: A good debunking of the common myth that ARMs will cause mass defaults or a housing collapse.
Market Misperceptions
By , Marketwatch.com, 10/28/2006
MarketMinder's View: The headline probably says it all.  There is no free lunch and certainly not with options trading.
Sensible Stories
By , Marketwatch.com, 10/28/2006
MarketMinder's View: The beauty of technological efficiency at work:  as production is streamlined, prices plummet, and standards of living rise—and so do corporate profits.
Sensible Stories
By , Wall Street Journal, 10/28/2006
MarketMinder's View: Investors too focused on the US market often miss big opportunities abroad…
Sensible Stories
By , Wall Street Journal, 10/28/2006
MarketMinder's View: Ever notice how "temporary" government spending programs tend to far outlive their usefulness?
Sensible Stories
By , CNN, 10/28/2006
MarketMinder's View: An excellent description of supply-side economics.
Sensible Stories
By , Thestreet.com, 10/28/2006
MarketMinder's View: Merger mania continues…
Sensible Stories
By , Wall Street Journal, 10/28/2006
MarketMinder's View: Democracy and free market capitalism are two sides of the same coin.
Market Misperceptions
By , CNNMoney.com, 10/28/2006
MarketMinder's View: Our ridiculous headline of the week. We're not sure what it means to be "bubble proof." Although, we vaguely recall having our cars "bubble-proofed" for an extra fee at the car wash last week. Is that the same thing?
Sensible Stories
By , Bloomberg, 10/28/2006
MarketMinder's View: Even more equity supply destruction!
Market Misperceptions
By , ABC News, 10/28/2006
MarketMinder's View: For it to be a bubble, you need mass euphoria and rationalization of outlandish valuations. That just isn't happening today.
Sensible Stories
By , Financial Times , 10/28/2006
MarketMinder's View: Indeed. There's an important difference between deficits and social entitlement liabilities.
Sensible Stories
By , Barron’s Online (*Site requires subscription), 10/27/2006
MarketMinder's View: Many investors are afraid of a major decline in stocks and are missing the rally. Fear and positive fundamentals are two things a bull market thrives on.
Sensible Stories
By , The Wall Street Journal , 10/27/2006
MarketMinder's View: Continued equity supply destruction is one of the most underrated reasons to be bullish on stocks this year.
Market Misperceptions
By , New York Times, 10/27/2006
MarketMinder's View: One of the most widely reported stories of the year no longer has the power to suppress stocks…markets are higher today on the news!
Market Misperceptions
By , The Wall Street Journal , 10/27/2006
MarketMinder's View: The outcome is still too close to call, but whatever happens in the upcoming US mid-term elections it won't be a sweeping change and will have a benign impact on stocks.
Sensible Stories
By , The Wall Street Journal , 10/27/2006
MarketMinder's View: A look at the market forces behind the rise and fall of oil company profits over time exposes the foolishness of a windfall profits tax.
Sensible Stories
By , The Financial Times, 10/27/2006
MarketMinder's View: A powerful example of the benefits of deregulation for capital markets.
Market Misperceptions
By , Reuters, 10/26/2006
MarketMinder's View: This horrific and unfair income disparity among the rich deceased and poor deceased must be put to an end!
Sensible Stories
By , MarketWatch, 10/26/2006
MarketMinder's View: A good reminder why mutual funds can be poor investment instruments. Also, we just love this evocative opening paragraph: "Halloween, the Night of The Living Dead, is also a great metaphor for the dark side of America's $9.5 trillion mutual fund industry, a time to descend into the foggy cemetery of long-dead funds. This frightening tale paralyzes investors, forcing them to bury the fear deep in the dungeons of their brains.
Market Misperceptions
By , Smart Money, 10/26/2006
MarketMinder's View: Huh? We just don't see the rampant "optimism" described here. It's still pretty dour out there.
Sensible Stories
By , Wall Street Journal, 10/26/2006
MarketMinder's View: Would it be such a bad thing to simply allow pension managers the freedom to decide the best way to handle payouts, and not the government?
Sensible Stories
By , RealClearPolitics, 10/26/2006
MarketMinder's View: A look at past titans of capitalism and the dynamic nature of a US economy continually reinventing itself.
Sensible Stories
By , Wall Street Journal, 10/26/2006
MarketMinder's View: Despite the recent run-up in stock prices, investors remain skeptical—bullish for stocks.
Market Misperceptions
By , Wall Street Journal, 10/26/2006
MarketMinder's View: Bull markets thrive on doubt and disbelief—buy stocks now before sentiment truly turns euphoric.
Sensible Stories
By , Wall Street Journal, 10/26/2006
MarketMinder's View: More powerful evidence the US consumer is doing just fine.
Sensible Stories
By , Wall Street Journal, 10/26/2006
MarketMinder's View: More ways your brain can trick you as an investor.
Sensible Stories
By , Forbes, 10/26/2006
MarketMinder's View: A noteworthy commentary on wage differentials and the benefits of the market-based system. We quote: "If remuneration at 127 times the average wage is wrong, what is right? One hundred times? Fifty? Twenty? Twice? Who's to say? The market determines these things. If you don't like the market's decisions, the alternative is wage controls, with bureaucrats fixing the scales. Who wants that? And when has it ever worked?
Market Misperceptions
By , Foxnews.com , 10/25/2006
MarketMinder's View: Creative destruction strikes again! (See our past commentary, "When Destruction is Good".)
Market Misperceptions
By , MarketWatch , 10/25/2006
MarketMinder's View: Charts, charts, and more charts…too bad historic prices aren't a predictor of future prices.
Sensible Stories
By , Fortune, 10/25/2006
MarketMinder's View: Private equity firms continue to be a major force in corporate acquisitions – decreasing the supply of public equities raising stocks' value.
Sensible Stories
By , RealClearPolitics , 10/25/2006
MarketMinder's View: An interesting take on today's pervasive pessimistic sentiment in the general populace.
Sensible Stories
By , Wall St. Journal , 10/25/2006
MarketMinder's View: An increase in protectionism in Europe would be a bad thing for stocks.
Sensible Stories
By , Wall Street Journal, 10/25/2006
MarketMinder's View: Some clear-minded thinking on hedge funds and the role they play in markets.
Market Misperceptions
By , Wall Street Journal , 10/25/2006
MarketMinder's View: Energy companies never counted on sustained +$70 oil…only exuberant analysts did. Despite the recent decline in oil prices, current fundamentals still imply strong profits for energy companies.
Sensible Stories
By , TheStreet.com, 10/25/2006
MarketMinder's View: Political gridlock probably results in less legislation…that's good news for stocks.
Sensible Stories
By , Motley Fool , 10/25/2006
MarketMinder's View: Another good reminder on the importance of understanding behavioral psychology for successful investing.
Sensible Stories
By , Financial Times, 10/24/2006
MarketMinder's View: There's a difference between debt and social entitlement programs.  Social entitlements are not contracts and shouldn't be part of the deficit.
Sensible Stories
By , Wall Street Journal, 10/24/2006
MarketMinder's View: Wal-Mart's potential entry into banking could have a big impact on the Financials sector. (See last week's commentary, Financials Revolution.)
Market Misperceptions
By , Reuters.com, 10/24/2006
MarketMinder's View: It's absurd to believe a currency's movement is caused by the reigning political party.
Market Misperceptions
By , Fool.com, 10/24/2006
MarketMinder's View: It's been empirically shown that P/E valuations don't predict stock returns.
Sensible Stories
By , Wall Street Journal, 10/24/2006
MarketMinder's View: We can't fathom the logic of raising prices on domestic oil in order to crimp demand for imported oil.
Sensible Stories
By , Economist, 10/24/2006
MarketMinder's View: The idea that the US consumer is propping up the global economy is a myth. "During the past five years America has accounted for only 13% of global real GDP growth.
Sensible Stories
By , Economist, 10/24/2006
MarketMinder's View: How to protect an industry? By allowing competition and free markets, of course!
Sensible Stories
By , Wall Street Journal, 10/24/2006
MarketMinder's View: It's good to have a Treasury Secretary who understands the benefits of efficient financial markets.
Sensible Stories
By , Wall Street Journal, 10/24/2006
MarketMinder's View: Overregulation and corruption are still a large part of the equation in Continental Europe.
Market Misperceptions
By , MarketWatch, 10/24/2006
MarketMinder's View: US auto manufacturers haven't been a good barometer for the economy in decades.
Sensible Stories
By , Wall Street Journal, 10/24/2006
MarketMinder's View: Increasing the cost of doing business doesn't create jobs, it destroys them.
Sensible Stories
By , CBS News, 10/24/2006
MarketMinder's View: A meaningful and positive long-term development for global trade.
Sensible Stories
By , Wall Street Journal, 10/21/2006
MarketMinder's View: Dispelling another myth about the US Federal Budget.
Sensible Stories
By , TheStreet.com, 10/21/2006
MarketMinder's View: The Importance of a Global Investment Perspective: A global investment strategy decreases country-specific risk through diversification and opens your portfolio to abundant opportunities.
Sensible Stories
By , Wall Street Journal, 10/21/2006
MarketMinder's View: A good example of the benefits tax cuts provide.
Market Misperceptions
By , Reuters, 10/21/2006
MarketMinder's View: Don't let the tail wag the dog—markets will tell us how to react to geopolitical events, not the other way around. Today, they're saying not to be overly worried about North Korea.
Sensible Stories
By , CBS News, 10/21/2006
MarketMinder's View: US Mid-Term Elections: Maybe the Foley scandal has trumped the structural GOP advantage—it's too close to call. But no matter who emerges the victor, gridlock will rule Congress after the mid-term elections. Bullish for stocks.
Market Misperceptions
By , Financial Times, 10/21/2006
MarketMinder's View: It wouldn't be Friday without the most ridiculous story of the week. Sadly, not even Orcs and Wizards have the magic to fend off a greedy taxman.
Market Misperceptions
By , Wall Street Journal, 10/21/2006
MarketMinder's View: Maybe, but the reality is financial reporting is very poor in China and we really don't have much idea what the truth is.
Sensible Stories
By , MarketWatch, 10/21/2006
MarketMinder's View: The virtue of patience: achieving long-term investment goals is all that matters for most investors.
Sensible Stories
By , Barrons, 10/20/2006
MarketMinder's View: A market technician's view on today's low sentiment and why that's bullish for stocks.
Sensible Stories
By , Financial Times, 10/20/2006
MarketMinder's View: The M&A boom will continue across the globe. Though we'd quibble with the authors' assertion that M&A conditions are not as conducive in the US.
Sensible Stories
By , Financial Times, 10/20/2006
MarketMinder's View: Emerging markets are booming, but discretion is still the better part of valor in many specific regions.
Market Misperceptions
By , Financial Times, 10/20/2006
MarketMinder's View: Wrong.  Investors aren't euphoric, nor does increased volatility have to be to the downside.
Sensible Stories
By , Forbes.com, 10/20/2006
MarketMinder's View: A running theme this week: the widespread misconception we're worse off today than the generations before us.
Sensible Stories
By , CNNMoney.com, 10/19/2006
MarketMinder's View: Housing starts rose 5.9% in September to an annual rate of 1.8 million –a rate well above the 20 year average of 1.5 million. Real estate is not imploding and won't sink stocks.
Market Misperceptions
By , CNN.com, 10/19/2006
MarketMinder's View: A classic example of faulty thinking based on anecdotal storytelling. Here's the empirical truth: Lower taxes, low unemployment, surging GDP, and flourishing net worth and personal income in the US today.
Sensible Stories
By , MarketWatch, 10/19/2006
MarketMinder's View: We really like a few of these: "Emotion is the enemy when trading. Emotional decisions always have a way of coming back to haunt you. If you're personally attached to a position, your decision making process will be flawed. It's that simple.
Sensible Stories
By , Motley Fool, 10/19/2006
MarketMinder's View: We quote: "Most of the headline-hawkers out there could not possibly care less. Remember, their job isn't to make you understand, or to help you make smarter investing decisions. Their only concern is to sell a headline.
Sensible Stories
By , MSNBC, 10/19/2006
MarketMinder's View: Middle-class Americans are better off today than they were in previous generations.
Sensible Stories
By , BusinessWeek, 10/19/2006
MarketMinder's View: Nationalized energy assets, increasingly isolationist and protectionist rhetoric, assassinations daily…we'd steer clear of Russia as an investment option for the time being.
Market Misperceptions
By , SmartMoney, 10/19/2006
MarketMinder's View: Markets don't care about political party affiliation and never have.
Market Misperceptions
By , MarketWatch, 10/19/2006
MarketMinder's View: You can slice it and dice it all you want—inflation is mild.
Sensible Stories
By , Wall Street Journal, 10/19/2006
MarketMinder's View: You are your own worst enemy when it comes to investing. Figure out how your brain could be tricking you before making hasty decisions.
Market Misperceptions
By , Bloomberg, 10/18/2006
MarketMinder's View: Foreigners invest in the US because it's a good investment option, not out of the kindness of their hearts.
Sensible Stories
By , 10/18/2006
MarketMinder's View: Mergermania Continues!
Sensible Stories
By , Financial Times, 10/18/2006
MarketMinder's View: A cogent editorial on why hedge funds are good for financial markets.
Sensible Stories
By , BBC News, 10/18/2006
MarketMinder's View: Developing nations continue their pace of torrid growth, boosting global economic activity.
Sensible Stories
By , Wall Street Journal, 10/18/2006
MarketMinder's View: Just the facts are enough to show the strength of the US economy. No faith needed.
Sensible Stories
By , Wall Street Journal, 10/18/2006
MarketMinder's View: Population growth is nothing to worry about; it's a boon for the US.
Sensible Stories
By , MarketWatch, 10/18/2006
MarketMinder's View: More mergers!
Sensible Stories
By , 10/17/2006
MarketMinder's View: America's rising population will solve more problems than it creates.
Market Misperceptions
By , Wall Street Journal, 10/17/2006
MarketMinder's View: Contrary to this Nobel Laureate's dictums, budget surpluses and higher taxes are historically a bane to economies and stock markets.
Sensible Stories
By , 10/17/2006
MarketMinder's View: An intelligent look at the US trade deficit with China.
Market Misperceptions
By , Wall Street Journal, 10/17/2006
MarketMinder's View: Actually, it's encouraging to see a fair amount of pessimism – the scariest time for stocks is when everyone's optimistic.
Market Misperceptions
By , SmartMoney, 10/17/2006
MarketMinder's View: So, we're guessing she didn't see the Fed's Empire State Manufacturing index easily surpass expectations this morning…
Market Misperceptions
By , Financial Times, 10/14/2006
MarketMinder's View: We don't buy the argument the stock market is up simply because of confidence in the Fed.  Strong fundamentals are driving this bull market.
Market Misperceptions
By , 10/14/2006
MarketMinder's View: It just wouldn't be Friday without another wacky conspiracy theory.
Sensible Stories
By , Wall Street Journal, 10/14/2006
MarketMinder's View: China's torrid economic expansion continues to fuel demand for energy and commodities.
Market Misperceptions
By , CBS News, 10/14/2006
MarketMinder's View: There was never much trade going in or out of North Korea in the first place.
Sensible Stories
By , MarketWatch, 10/14/2006
MarketMinder's View: 3Q Earnings are strong so far—here's more anecdotal evidence from one of the world's largest companies.
Sensible Stories
By , New York Times, 10/14/2006
MarketMinder's View: An interesting piece on pension funds and how they're seeking higher returns.
Dueling Headlines
By , Washington Post, 10/14/2006
MarketMinder's View:  
Market Misperceptions
By , Financial Times, 10/14/2006
MarketMinder's View: For years now we've read that expensive oil would sink stocks, now we're being told cheap oil will sink stocks. Oil was $30 a barrel in 2003 when the S&P 500 returned 28% and positive in 2004 and 2005 when oil prices surged.
Sensible Stories
By , Wall Street Journal, 10/14/2006
MarketMinder's View: The verdict is in: tax cuts have been effective for the US economy.
Sensible Stories
By , MarketWatch, 10/13/2006
MarketMinder's View: More strong earnings!
Sensible Stories
By , Wall Street Journal, 10/13/2006
MarketMinder's View: Visa's entry into publicly traded markets should spur greater competition between the financial transactions firms and possibly more consolidation.
Market Misperceptions
By , BusinessWeek, 10/13/2006
MarketMinder's View: All five risk factors in this article are widely discussed and no longer offer surprise power to the markets. They are fully priced. Let the bull market climb the Wall of Worry!
Sensible Stories
By , 10/13/2006
MarketMinder's View: Earnings Season Begins! Anecdotal evidence is pointing to another strong quarter of earnings growth.
Market Misperceptions
By , CNN Money, 10/13/2006
MarketMinder's View: Restrict trade?! Sorry Mr. Trump, but restricting trade from one of the fastest growing global exporters would be a bane, not a boon.
Sensible Stories
By , Wall Street Journal, 10/13/2006
MarketMinder's View: The latest Nobel Laureate in Economics weighs in on the virtues of capitalism.
Sensible Stories
By , 10/12/2006
MarketMinder's View: The title says it all.
Sensible Stories
By , Financial Times, 10/12/2006
MarketMinder's View: Regret-shunning and blame-laying make their way to the Private Equity industry.
Sensible Stories
By , The New York Times, 10/12/2006
MarketMinder's View: Two interesting takes on demographics and the retiring baby boomer generation.
Sensible Stories
By , SmartMoney, 10/12/2006
MarketMinder's View: Structure usually trumps popularity in regional elections. House incumbents have a 97% reelection rate over the last four elections.
Dueling Headlines
By , Business Week, 10/12/2006
MarketMinder's View:  
Market Misperceptions
By , Associated Press, 10/12/2006
MarketMinder's View: A theory of ubiquitous bond trader collusion driving markets one way or the other doesn't hold a lot of water.
Sensible Stories
By , Financial Times, 10/12/2006
MarketMinder's View: Along with record supply destruction, demand for equities is running high. (That means higher stock prices.)
Market Misperceptions
By , The New York Times, 10/12/2006
MarketMinder's View: OPEC officials are notorious for breaking their own promises on production.
Sensible Stories
By , The Motley Fool, 10/12/2006
MarketMinder's View: With M&A and at record levels and LBOs surging, attractive acquisition targets can lead to large payoffs.
Market Misperceptions
By , Wall Street Journal, 10/12/2006
MarketMinder's View: One poor result means very little for aggregate earnings. That is, if you can even call an 86% increase in EPS a poor result.
Sensible Stories
By , MarketWatch, 10/12/2006
MarketMinder's View: Noteworthy IPOs tend to happen in favorable environments for stocks.
Sensible Stories
By , Wall Street Journal, 10/11/2006
MarketMinder's View: Earnings season is about to kick in. It should be another good one.
Sensible Stories
By , Reuters, 10/11/2006
MarketMinder's View: Markets didn't flinch on news of the North Korea nuke tests.
Sensible Stories
By , Financial Times, 10/11/2006
MarketMinder's View: A good illustration on why new energy supply takes a long time to come online.
Sensible Stories
By , 10/11/2006
MarketMinder's View: Business flows to the freest regulatory environments in a global economy.
Market Misperceptions
By , Wall Street Journal, 10/11/2006
MarketMinder's View:  
Market Misperceptions
By , Wall Street Journal, 10/11/2006
MarketMinder's View: A Flurry of Executive Resignations....and yet the markets are up today!
Sensible Stories
By , CNNMoney.com staff writer, 10/11/2006
MarketMinder's View: The US Consumer continues to thrive in the face of continued worries.
Sensible Stories
By , MarketWatch, 10/11/2006
MarketMinder's View: Technology continues to lower costs, improve productivity and raise standards of living across the economy.
Sensible Stories
By , Financial Times, 10/11/2006
MarketMinder's View: An interesting take on the future of globalization.
Market Misperceptions
By , Associated Press Writer, 10/11/2006
MarketMinder's View: Maybe, maybe not. But we do know guessing commodity prices based on meteorologist forecasting accuracy is a fool's game. Wasn't 2006 supposed to be another record hurricane season?
Market Misperceptions
By , Option Advisor, 10/11/2006
MarketMinder's View: Bull markets climb a wall of worry and don't end until euphoria emerges; so-called technical indicators don't mean anything in the long term.
Sensible Stories
By , CNNMoney.com, 10/11/2006
MarketMinder's View: The budget deficit continues to fall...
Sensible Stories
By , MarketWatch, 10/10/2006
MarketMinder's View: Looks like lucky number 13 for double-digit corporate earnings growth in the US.  This would be only the second time it's happened since the 1950's.
Sensible Stories
By , 10/10/2006
MarketMinder's View: 6.6 million new US jobs instead of 5.5 million in the last 3 years? We'd call that more than a rounding error, too.
Sensible Stories
By , Wall Street Journal, 10/10/2006
MarketMinder's View: We agree wholeheartedly with Mr. Cramer.
Market Misperceptions
By , MarketWatch, 10/10/2006
MarketMinder's View: Despite North Korea's nuke tests creating further political instability, major stock markets were largely unfazed by the news.
Sensible Stories
By , 10/10/2006
MarketMinder's View: As developed economies move away from industry and toward services, the need for highly-skilled talent becomes more important.
Sensible Stories
By , TheStreet.com Staff Reporter, 10/10/2006
MarketMinder's View: High global demand for energy coupled with a cartel willing to limit supply equals sustained high prices in the near term.
Sensible Stories
By , Washington Post Staff Writer, 10/10/2006
MarketMinder's View: Mergermania Continues!  Less equity supply means higher value for stocks.
Sensible Stories
By , Wall Street Journal, 10/10/2006
MarketMinder's View: Good news for Thailand and emerging markets: free trade and free markets are taking hold despite recent political turmoil.
Market Misperceptions
By , US News & World Report, 10/10/2006
MarketMinder's View: Huge sweeping changes? We don't think so. No matter the outcome of the elections, Congress will be immersed in gridlock afterward. Neither party will have a strong majority. That's bullish for stocks.
Market Misperceptions
By , AP Economics Writer, 10/07/2006
MarketMinder's View: Sentiment surveys are generally coincident indicators to markets, not leading indicators.
Sensible Stories
By , 10/07/2006
MarketMinder's View: Looks like the press might be finally coming around…the inflation "scare" is overblown.
Sensible Stories
By , 10/07/2006
MarketMinder's View: Those worried about the budget deficit should be aware we're reducing it.
Sensible Stories
By , The Wall Street Journal, 10/07/2006
MarketMinder's View: The torrid pace of takeovers will continue…
Market Misperceptions
By , 10/07/2006
MarketMinder's View: The unemployment rate is 4.6%...a five-year low. It's a testament to media creativity and unbridled pessimism that this news could be framed negatively.
Market Misperceptions
By , Washington Post, 10/07/2006
MarketMinder's View: In other conspiracy news, our own secret informants told us Jimmy Hoffa is alive and residing in Bermuda with Elvis.
Sensible Stories
By , Business Week Online, 10/07/2006
MarketMinder's View: Wasn't the housing slump supposed to choke off consumer spending?
Market Misperceptions
By , TheStreet.com, 10/06/2006
MarketMinder's View: Fundamental" indices are gaining more attention, but you should ignore them.  They are intrinsically value-oriented indexes.  It is no surprise after a six year run of value stocks doing better than growth stocks, these back-tested indexes look superior to cap weighted ones.  But when the value cycle ends, these indexes are likely to do worse than their cap weighted counterparts.
Sensible Stories
By , 10/06/2006
MarketMinder's View: This is what happens when you enact trade barriers and tariffs…more trade barriers and tariffs.
Sensible Stories
By , Financial Times, 10/06/2006
MarketMinder's View: A good summary of index ‘milestones' in the past several years…and why they're irrelevant.
Sensible Stories
By , Wall Street Journal, 10/06/2006
MarketMinder's View: So much for the consumer leading the economy into a recession.
Market Misperceptions
By , MarketWatch, 10/06/2006
MarketMinder's View: A great soap opera but of no importance to the markets.  This is not Enron or Tyco.
Sensible Stories
By , Bloomberg News, 10/06/2006
MarketMinder's View: We wholeheartedly agree.
Sensible Stories
By , The Motley Fool, 10/06/2006
MarketMinder's View: A globally diversified stock portfolio is a superior portfolio.
Sensible Stories
By , ABC News, 10/06/2006
MarketMinder's View: Real estate isn't just housing.  Commercial real estate prices and new construction are soaring this year.
Market Misperceptions
By , New York Times , 10/06/2006
MarketMinder's View: As a percent of GDP, the US budget deficit is not at a worrisome level.  Current entitlement programs would have to skyrocket before even approaching record debt levels set during WWII.
Market Misperceptions
By , Bloomberg.com, 10/05/2006
MarketMinder's View: The market doesn't care who is in power but rather abhors uncertainty and potentially disruptive legislation—both Democrats and Republicans are capable of that.
Sensible Stories
By , Bloomberg.com, 10/05/2006
MarketMinder's View: Punitive measures such as duties and tariffs benefit no one.  They are damaging to all countries involved.
Market Misperceptions
By , Financial Times, 10/05/2006
MarketMinder's View: A style shift rarely occurs when members of the financial press are loudly calling for it.
Sensible Stories
By , Business Week, 10/05/2006
MarketMinder's View: History suggests we should see a strong end to the year.
Dueling Headlines
By , Business Week, 10/05/2006
MarketMinder's View: There are a wide range views on the US economy right now but we tend to agree with the first article.  Last week we pointed out some key statistics illustrating the strength of the consumer, but suffice it to say everyone's OK.  We don't expect housing to sink the consumer or the economy.
Market Misperceptions
By , Wall Street Journal, 10/05/2006
MarketMinder's View: The Foley scandal continues to broaden, increasing the possibility of Republicans losing their majority in the upcoming elections.  But this election still doesn't matter much for markets.  It remains unlikely that Democrats can gain a significant enough majority to effect change.
Sensible Stories
By , Wall Street Journal, 10/05/2006
MarketMinder's View: News flash!  Hedge funds are risky investments!
Sensible Stories
By , Financial Times, 10/05/2006
MarketMinder's View: We couldn't have put it better ourselves.  The lesson is clear: ignore the Dow.
Sensible Stories
By , Yahoo! Finance, 10/05/2006
MarketMinder's View: Low interest rates will make the current housing downturn a lot milder than you think.
Market Misperceptions
By , Business Week, 10/04/2006
MarketMinder's View: These are all well publicized risks already priced into securities.
Market Misperceptions
By , MSNBC, 10/04/2006
MarketMinder's View: Wrong, wrong, wrong.  The deficit is not out of control, and foreigners are not funding our "profligacy" out of the goodness of their hearts.
Sensible Stories
By , Wall Street Journal, 10/04/2006
MarketMinder's View: An interesting bill making its way through Congress.  We applaud any attempt to keep the capital gains tax low.
Sensible Stories
By , New York Times, 10/04/2006
MarketMinder's View: Evidence that people are rationally adjusting expectations.  New terrorist attacks are unlikely to have the same surprise power as in the past.
Market Misperceptions
By , Wall Street Journal, 10/04/2006
MarketMinder's View: Republicans can't seem to do anything right lately, but Democrats still face an uphill battle for control of Congress given the structural forces of the upcoming election.
Market Misperceptions
By , CNNMoney.com, 10/04/2006
MarketMinder's View: Who cares?  Dow is an arbitrary and narrow price-weighted index and a poor representation of the broader US stock market.
Sensible Stories
By , Financial Times, 10/04/2006
MarketMinder's View: With new supply essentially fixed in the short term, continued strong demand will keep commodity prices high.
Sensible Stories
By , Financial Times, 10/04/2006
MarketMinder's View: The author gets it right.  Arcane technical indicators such as Fibonacci sequences are arbitrary ways in which to anchor our decisions.
Sensible Stories
By , CNNMoney.com, 10/04/2006
MarketMinder's View: Be careful what you wish for, China.  This benefits no one.
Market Misperceptions
By , CNN Money, 10/03/2006
MarketMinder's View: The supply of oil is relatively fixed in the short term. Prices will remain firm as demand for energy rises during periods of strong economic growth.
Market Misperceptions
By , Financial Times, 10/03/2006
MarketMinder's View: Yes, volatility will return, but it can come in good (bull markets) or bad (bear markets) forms. We expect more of the good kind just ahead.
Sensible Stories
By , The New Yorker, 10/03/2006
MarketMinder's View: A worthwhile discussion on the history of pensions and how they function.
Sensible Stories
By , Washington Post, 10/03/2006
MarketMinder's View: Some states are rallying to reestablish property rights, a core tenet of capitalism.
Sensible Stories
By , The Wall Street Journal, 10/03/2006
MarketMinder's View: A reminder that many polls measure sentiment and ideology, not how people will actually vote. Often they aren't structured objectively (either by oversight or because they try to engineer an outcome).
Sensible Stories
By , The Wall Street Journal, 10/03/2006
MarketMinder's View: US Consumers Stay Strong: The US consumer is successfully adapting to high energy prices and moderating housing.
Sensible Stories
By , The Wall Street Journal, 10/03/2006
MarketMinder's View: Equity Supply Destruction: M&A activity has topped $1.2 trillion on the year, and Private Equity firms continue their spending spree – further reducing the supply of equities. Bullish for stocks.
Market Misperceptions
By , Business Week, 10/03/2006
MarketMinder's View: When the press begins forecasting the demise of an asset classes' primacy it usually means there's more outperformance just ahead.