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Market Misperceptions
By , Time, 10/30/2009
MarketMinder's View:
This whole “Main Street versus Wall Street” is a popular argument, though a bit silly since over 50% of Americans have a brokerage account of some sort—401(k), IRA, etc.
Market Misperceptions
By , BBC News, 10/30/2009
MarketMinder's View:
Don’t worry yourself with this figure—consumer confidence is a lagging indicator.
Sensible Stories
By , The Wall Street Journal, 10/30/2009
MarketMinder's View: Despite the kerfuffle over tires earlier this year, the general trend has been for fewer trade barriers globally, not more—despite rhetoric to the contrary.
Market Misperceptions
By , BusinessWeek, 10/30/2009
MarketMinder's View:
Charity is great! But let’s keep in mind that investment bankers aren’t responsible for setting lending standards. Those are largely driven, in one form or another, by legislators.
Sensible Stories
By , The Wall Street Journal, 10/30/2009
MarketMinder's View: Seems about right—global nations are experiencing a nascent recovery.
Sensible Stories
By , MarketWatch, 10/30/2009
MarketMinder's View: Dour sentiment is bullish, we believe this market has some way to run yet.
Market Misperceptions
By , CNN Money, 10/30/2009
MarketMinder's View: There could still be some bad news from Financials, but they are under tremendous scrutiny. Either way, stocks have been way up, even as many Financials firms have been wobbly.
Market Misperceptions
By , The Washington Post, 10/30/2009
MarketMinder's View:
Good thing fairy tales aren’t real. What is real is stocks are up hugely since March, pricing in a return to global growth.
Market Misperceptions
By , Investor’s Business Daily, 10/30/2009
MarketMinder's View:
It’s quite normal to see headlines claiming that, now that we have good news, it’s the wrong kind of good news—e.g., the wrong kind of growth, or unsustainable. Expect more of these headlines. For more, see our 09/07/2009 cover story, “Less Bad Is Good.”
Sensible Stories
By , The Wall Street Journal, 10/29/2009
MarketMinder's View: Supporting tends to be an easy vote winner for politicians even though it never made any economic sense—we wonder how they’ll spin this now that it makes no environmental sense either.
Market Misperceptions
By , The New York Times, 10/29/2009
MarketMinder's View:
Problems with banks is a not a new story and has little power to move prices. It is ironic that many people blame banks for lending too much as the cause of today’s problems while at the same time blaming them for not lending enough now.
Sensible Stories
By , The Wall Street Journal, 10/29/2009
MarketMinder's View: The first GDP analysis for Q3 (which will be revised) is up 3.5%. Quite a nice return to growth mode.
Market Misperceptions
By , Money Watch, 10/29/2009
MarketMinder's View:
The only scary things about October are ghosts, goblins, and ghouls. Weak dollar? Big debt? Inflation? If you read our daily cover stories, you know none of these currently have the power to derail this bull market.
Sensible Stories
By , Financial Times, 10/29/2009
MarketMinder's View: We think it’s still some way off, but when the largest central banks begin a tightening cycle, they can do so without impeding long term growth.
Market Misperceptions
By , The Washington Post, 10/29/2009
MarketMinder's View:
Weak dollar, strong dollar—neither are predictive for future stock moves. Stocks have both risen and fallen on a weak and strong dollar. Nothing new there. For more, see our 09/17/2009 column, “Confounding Currency Myths.”
Market Misperceptions
By , The Wall Street Journal, 10/29/2009
MarketMinder's View:
A boost in GDP is a step in the right direction. Remember, segments of the economy never move in lockstep, and everything won’t turn from bad to good overnight. For more, see our 09/07/2009 cover story, “Less Bad Is Good.”
Sensible Stories
By , Bloomberg, 10/29/2009
MarketMinder's View: Another sign Financials are returning to health, as a program instigated to help spur borrowing is drawing to a natural close.
Sensible Stories
By , Bloomberg, 10/29/2009
MarketMinder's View: More signs the world economy is returning to health.
Market Misperceptions
By , Money Watch, 10/29/2009
MarketMinder's View:
Yes. Unemployment is high at the end of a recession. But that’s normal—unemployment typically rises even during the early part of economic recovery. A healthy economy begets job growth, not the other way around. For more, see our 10/05/2009 cover story, “Unemployment, Underemployment, and Zombies.”
Market Misperceptions
By , Bloomberg, 10/29/2009
MarketMinder's View:
“Doubt and pessimism just won’t go away”? Sounds like the wall of worry stocks like to climb. For more, see our 10/07/2009 cover story, “Doubt in the Driver’s Seat.”
Sensible Stories
By , Daily Finance, 10/28/2009
MarketMinder's View: With business inventories still near historic lows, there’s plenty of room to continue these gains in support of the wider economic recovery.
Market Misperceptions
By , The Washington Post, 10/28/2009
MarketMinder's View:
Government stimulus and monetary policy has provided a necessary jolt to a frozen economy—but the global economy can—and always has—grown of its own volition after recessions.
Market Misperceptions
By , The Washington Post, 10/28/2009
MarketMinder's View:
With less than half the stimulus package spent it’s a little early to be focused on what will happen to the economy once it’s been spent.
Market Misperceptions
By , MSNBC, 10/28/2009
MarketMinder's View:
This holiday season, Harrod’s department store will be selling gold bars. With the 2.2 pound bar setting shoppers back around $35,000, it seems a bit unlikely these items will be flying off the shelves. If for no other reason than gold is heavy. Really heavy.
Sensible Stories
By , The Wall Street Journal, 10/28/2009
MarketMinder's View: Another example of higher taxes not necessarily equaling higher tax revenue. California suffers a similar affliction.
Market Misperceptions
By , The Wall Street Journal, 10/28/2009
MarketMinder's View:
Capital and people will always be drawn to places where the tax burden is lower, particularly in an increasingly connected world.
Market Misperceptions
By , US News & World Report, 10/28/2009
MarketMinder's View:
Comparing the US’ economic growth rate to China’s, India’s, and Brazil’s is only one of the many errors in this argument’s logic. Emerging market economies are notably volatile and shouldn’t provide a benchmark for a developed economy like the US.
Market Misperceptions
By , Real Clear Markets, 10/28/2009
MarketMinder's View:
Big government is the wrong way to go about reinvigorating economic growth.
Sensible Stories
By , Real Clear Markets, 10/28/2009
MarketMinder's View: Big government is the wrong way to go about reinvigorating economic growth.
Market Misperceptions
By , CNN Money, 10/28/2009
MarketMinder's View:
Get excited for a likely positive GDP number! But not too excited? This is classic pessimism, hallmark during the early stages of bull markets.
Market Misperceptions
By , SmartMoney, 10/28/2009
MarketMinder's View:
Trying to time the market’s volatility by getting in and out of stocks (or ETFs) is almost always futile. Save yourself the anxiety (and transaction costs) and plan for the long haul—a correction is, by definition, just part of a broader bull market.
Market Misperceptions
By , CNN Money, 10/27/2009
MarketMinder's View:
It’s not great news for regional banks, but we wouldn’t be surprised to see some additional bank failures. But, don’t expect trouble with smaller banks to hold back the economic recovery or stocks.
Market Misperceptions
By , The Wall Street Journal, 10/27/2009
MarketMinder's View: “Lost Decade” fears abound. But there are far more differences between the US today and Japan than there are similarities. For more, see our 12/19/2008 cover story, “America’s Lost Decade?”
Market Misperceptions
By , Seeking Alpha, 10/27/2009
MarketMinder's View:
“Being bullish after a 50% bounce is simply silly.” Why? Believing stocks must fall just because they’ve gone up is silly. New bull markets typically have big surges early on—but it doesn’t mean the bull must end. For more, see our 09/30/2009 cover story, “A Strong Second Six.”
Market Misperceptions
By , The New York Times, 10/27/2009
MarketMinder's View:
It’s becoming stylish to call for more stimulus, but keep in mind, far less than half of the original stimulus has even been disbursed. And globally, there’s still huge amounts yet to be deployed. Patience, please. For more, see our 10/15/2009 cover story, “Change Ain’t Easy in DC.”
Sensible Stories
By , USA Today, 10/27/2009
MarketMinder's View: This is quite rational. After economic recovery is underway and firms are on surer footing, then they’ll consider hiring.
Sensible Stories
By , The Wall Street Journal, 10/27/2009
MarketMinder's View: “They [Economic and political liberty] are the engine driving much of what makes life worthwhile.” Well said.
Sensible Stories
By , CNN Money, 10/27/2009
MarketMinder's View: Having clearer, more streamlined regulation of financial firms is a good idea. But thinking any regulation can prevent all future financial crises is silly. Failure is an inherent part of capitalism, not a sign of irreversible systemic problems.
Sensible Stories
By , Financial Times, 10/27/2009
MarketMinder's View: What spot-on economic argument written with such brevity—luckily you didn’t have to wait for the stone carvers to finish to read it.
Sensible Stories
By , The Washington Times, 10/27/2009
MarketMinder's View: Could this be the real reason politicians are perpetually ineffectual? If so, we say leave their pay alone. (Heck, give them a pay cut.) Less legislation getting passed usually results in better stock market returns.
Sensible Stories
By , The New York Times, 10/27/2009
MarketMinder's View: A great illustration of why government should not be interfering with bankers remuneration—or indeed anyone else’s.
Market Misperceptions
By , Reuters, 10/27/2009
MarketMinder's View:
This is normal early in a recovery, not a sign of gloom. Unemployment typically keeps rising even after recovery begins. Once firms begin showing profitability again, they’ll begin hiring. For more, see our 10/5/2009 cover story, “Underemployment, Unemployment and Zombies.”
Market Misperceptions
By , San Francisco Chronicle, 10/26/2009
MarketMinder's View:
Virtually every economic recovery is jobless as jobs recover well after the stock market and the economy. See our 10/05/2009 cover story, “Unemployment, Underemployment and Zombies,” for more.
Market Misperceptions
By , Bloomberg, 10/26/2009
MarketMinder's View:
Unlikely. Central banks globally continue to support ongoing stimulus, and the S&P 500 is still very cheap relative to fixed-income alternatives.
Market Misperceptions
By , Financial Times, 10/26/2009
MarketMinder's View:
Effective regulation and transparency are good things. But the notion regulators can prevent problems and allocate capital more effectively than the private sector is simply wrong.
Sensible Stories
By , The Washington Post, 10/26/2009
MarketMinder's View: Highly paid executives have become the scapegoats of 2008’s financial crisis. See our 08/06/2009 column, “Hoopla Over Pay,” for more.
Market Misperceptions
By , The Associated Press , 10/26/2009
MarketMinder's View:
Corporate executives aren’t “gaming the system” by being cautious. Just months ago, many feared economic Armageddon, causing firms to cut back dramatically and lower earnings guidance. The economy isn’t rosy, but it’s far better than those exceptionally dour expectations—hence, better-than-expected earnings. See our 10/21/2009 cover story, “Unexpected Earnings,” for more.
Sensible Stories
By , CNN Money, 10/26/2009
MarketMinder's View: Job losses are likely to continue, but firms that cut back dramatically during the downturn will eventually find themselves short-handed as earnings results mostly surpass expectations.
Sensible Stories
By , Bloomberg, 10/26/2009
MarketMinder's View: It’s foolish to try to simultaneously help and punish financial firms.
Market Misperceptions
By , CNN Money, 10/26/2009
MarketMinder's View:
Expect the debt ceiling to be raised without sinking the economy as it has many times in the past.
Sensible Stories
By , Real Clear Markets, 10/26/2009
MarketMinder's View: Regulation can be a good thing, but we need more effective regulation, not just more regulation. See our 01/05/2009 column, “Deregulation … Regulation … What’s the Difference?” for more.
Market Misperceptions
By , CNN Money, 10/23/2009
MarketMinder's View: They’re coming—check history! A healthy economy begets job growth, not the other way around. For more, see our 10/05/2009 cover story, “Unemployment, Underemployment and Zombies.” 
Sensible Stories
By , Smart Money, 10/23/2009
MarketMinder's View: It never happened, that’s what. Headlines highlighting October as the “worst month for stocks” were misguided. It’s never wise to invest based on a month or seasonal myth. For more on ignoring seasonal myths, see our 08/28/2009 cover story, “Stay in September.”
Sensible Stories
By , CNBC, 10/23/2009
MarketMinder's View: Another positive sign we’re in the midst of an economic recovery—US manufacturing taking a turn for the better.
Market Misperceptions
By , The Wall Street Journal, 10/23/2009
MarketMinder's View: This idea that China will stop buying US assets is popular, but so far unfounded. China is buying US assets in record amounts. Look at what people (and countries) do, not what they say.
Sensible Stories
By , MarketWatch.com, 10/23/2009
MarketMinder's View: Far from it—chalk this up as a positive surprise for markets.
Market Misperceptions
By , The New York Times, 10/23/2009
MarketMinder's View: So, America needs a weak dollar to help reduce its trade deficit? Doesn’t make sense. Yes, a weaker dollar can help boost exports some, but our trade deficit isn’t a bad thing—it’s actually a mark of our relative economic strength.
Sensible Stories
By , Bloomberg, 10/23/2009
MarketMinder's View: China, who is largely leading this global recovery, is now adding jobs. As we’ve stated before, the economy recovers before unemployment—just as it’s doing in China.
Sensible Stories
By , Washington Post, 10/23/2009
MarketMinder's View: We’re not going to say the caps on pay are right or wrong, but you didn’t have to be a genius to see this coming from a mile away—people respond to incentives.
Market Misperceptions
By , MSN Money, 10/23/2009
MarketMinder's View: When we went to grammar school, we walked five miles, in snow, uphill both ways. Not that we’re advocating for HBS, but it’s probably a good thing schooling has evolved over the last 30 years.
Market Misperceptions
By , USA Today, 10/23/2009
MarketMinder's View:
Well of course there will be, but a bull market correction can happen at any time and is just a blip in an overall upward trend. Additionally, creating a stop-loss strategy only locks in those losses and does more harm than good over time.
 
Market Misperceptions
By , Reuters, 10/22/2009
MarketMinder's View:
Considering most other major developed nations also have large deficits, we can’t see how the US will lose its AAA rating. Plus, if America isn’t AAA, who is?
Sensible Stories
By , Bloomberg, 10/22/2009
MarketMinder's View: This confirms our view the US is on the road to recovery, but remember, any one indicator on its own can’t possibly accurately predict market or economic direction.
Market Misperceptions
By , CNBC, 10/22/2009
MarketMinder's View:
Stalling? Global stocks up 72% since March is hardly stalling. New bull markets don’t move in a straight line up. There can be a day or two or a week or few that they fall. This doesn’t portend ill—it’s normal.
Sensible Stories
By , The Australian, 10/22/2009
MarketMinder's View: Chinese stimulus spending continues to provide a good tailwind as their economic health improves.
Sensible Stories
By , The Wall Street Journal, 10/22/2009
MarketMinder's View: A very positive sign. Whereas personal consumption remains relatively firm, the largest contributor to growth going forward will be resurging business spending.
Market Misperceptions
By , Guardian.co.uk, 10/22/2009
MarketMinder's View:
We’d be better off focusing efforts on recovery rather than revenge, not withstanding that taxation is detrimental to everyone.
 
Sensible Stories
By , Telegraph.co.uk, 10/22/2009
MarketMinder's View: Certainly not—it just started!
Market Misperceptions
By , The New York Times, 10/22/2009
MarketMinder's View:
In the near term, any two things can be correlated—positively or negatively—but over the long run, dollar and oil price moves are utterly unrelated and meaningless to one another.
Market Misperceptions
By , Bloomberg, 10/22/2009
MarketMinder's View:
“US officials contemplating an exit from record fiscal stimulus are in danger of repeating mistakes that plunged Japan into its lost decade of stagnant growth.” Of course they’re contemplating an exit strategy—but there’s zero commitment to when it might happen. It’s unlikely anyone wants to throw stimulus into a hard reverse at this point.
Market Misperceptions
By , CNN Money, 10/22/2009
MarketMinder's View:
Jobs are historically one of the last things to turn around in a recovery. Expect more bumps and bruises for employment along the way.
Market Misperceptions
By , Reuters, 10/22/2009
MarketMinder's View:
We highly doubt Americans are opting out of present retirement plans due to a blip in their portfolios.
Sensible Stories
By , Investor’s Business Daily, 10/22/2009
MarketMinder's View: The kerfuffle over dark pools is a tempest in a teapot. Dark pools do, in fact, benefit all investors, including “small” ones. But we can’t see how requiring more transparency hurts one way or another.
Sensible Stories
By , Financial Times , 10/22/2009
MarketMinder's View: The size of China’s stimulus has been significant and the speed with which it has been deployed is clearly paying dividends.
Market Misperceptions
By , Telegraph, 10/21/2009
MarketMinder's View: Rising oil prices will cause a double-dip recession? More likely, rising prices are signaling the world is returning to economic health.
Sensible Stories
By , The Wall Street Journal, 10/21/2009
MarketMinder's View: Increased business spending likely indicates a rise in demand—both good signs for a recovering economy.
Sensible Stories
By , USA Today, 10/21/2009
MarketMinder's View: Ah yes, the unintended consequences of punishing banks for charging fees for their services—responsible borrowers (i.e., most of us) get hit with fees too!
Market Misperceptions
By , MarketWatch.com, 10/21/2009
MarketMinder's View:
“The DNA of the global marketplace is vastly different than what it was when secular bull markets of periods past began to germinate.” – Beware the notion that this time it’s different. Financial products are not part of the DNA, people and their capitalist tendencies are – this hasn’t changed.
 
Sensible Stories
By , Barron’s, 10/21/2009
MarketMinder's View: Credits to the right of them, credits to the right of them! We know that’s not how it goes, but wouldn’t it be nice to live in a world where the government didn’t distort markets with tax credits (giveaways) to certain favored portions of the market? We can dream.
Market Misperceptions
By , Moneywatch.com, 10/21/2009
MarketMinder's View:
“That’s the new normal: stocks are risky, but you can’t live without ‘em.” Wasn’t that always normal? What’s new about that? As expected, investor risk appetite is returning, just like after previous bears. For more, see our 10/19/2009 cover story, “Not So New Normal.”
Sensible Stories
By , The Globe and Mail, 10/21/2009
MarketMinder's View: It’s still early, but earnings season has gotten off to an unexpectedly good start. For more, see today’s cover story, “Unexpected Earnings.”
Market Misperceptions
By , Kudlow’s Money Politics, 10/21/2009
MarketMinder's View:
The dollar’s relative strength says nothing about the future direction of stocks or the economy. The dollar has been both weak and strong in good times and bad. For more, read see our 10/08/2009 cover story, “The Dollar’s Doom Looms?”
Sensible Stories
By , The Wall Street Journal, 10/21/2009
MarketMinder's View: Keeping stimulus measures in place for the time being will likely help the nascent global economic recovery.
Sensible Stories
By , Financial Times, 10/21/2009
MarketMinder's View: This goes as much for any government as well as the US government—the less centralized control the better.
Market Misperceptions
By , The Associated Press, 10/21/2009
MarketMinder's View:
“The words ‘it’s different this time’ are always suspect.” Correct! However, instead of stopping there, this article goes on to explain why it will be different this time. We doubt it. For more, see our 07/31/2009 cover story, “Musical Chairs.”
Sensible Stories
By , Investor’s Business Daily, 10/20/2009
MarketMinder's View: We’d agree cap-and-trade legislation will likely cause more negative, unintended consequences than anything else. For more, see our 03/26/2009 cover story, “Climate Control.”
Sensible Stories
By , Forbes.com, 10/20/2009
MarketMinder's View: We also see the economy continuing to exceed expectations—this should provide a further boost to equities.
Market Misperceptions
By , New York Post, 10/20/2009
MarketMinder's View: Weak or strong, the dollar’s relative strength says nothing about future market direction— “propping it up” is just silly.
Sensible Stories
By , Kiplinger, 10/20/2009
MarketMinder's View: And let’s also include earnings are likely to beat too-meager expectations.
Market Misperceptions
By , USA Today , 10/20/2009
MarketMinder's View:
Relying on technical indicators as the key signal to either buy or sell will do more harm than good.
 
Market Misperceptions
By , The New York Times, 10/20/2009
MarketMinder's View: Employment will rise once the recovery is underway, as it always does. Firms don’t hire before their profitability returns. If you ran a business, when would you hire—when you could afford it, or when you couldn’t? We’re not really sure we understand how paying or not paying bonuses to one set of people translates to broad-based hiring decisions.
Sensible Stories
By , Times Online, 10/20/2009
MarketMinder's View: Many investors wrongly used their rear-view mirror to decide on their allocations earlier in the year as opposed to always positioning your portfolio take advantage of future opportunities.
Market Misperceptions
By , Smart Money, 10/20/2009
MarketMinder's View: Why? Rates have been low all year while stocks have boomed.
Market Misperceptions
By , The American, 10/20/2009
MarketMinder's View: Fiscal stimulus is always inherently inefficient. Few would disagree—on average, the government spends money very, very stupidly. But that money gets spent and handed to people and institutions, who spend the money more wisely. For this reason, the benefits of fiscal stimulus, when needed, can outweigh the drawbacks of governmental stupidity.
Market Misperceptions
By , The Washington Post, 10/20/2009
MarketMinder's View: Saving is great! But a “prudent” saver might want to consider saving more in an asset class that’s historically beaten all similarly liquid alternatives—stocks.
Sensible Stories
By , The Wall Street Journal, 10/20/2009
MarketMinder's View: Indeed—and we feel that the best group to decide whether bigger is better are the customers, not regulators.
Sensible Stories
By , Newsweek, 10/20/2009
MarketMinder's View: Consumers are more resilient than most believe and are, in fact, alive and well. For more, see our 08/17/2009 cover story, “The Report of the Consumer’s Death Is an Exaggeration.”
Market Misperceptions
By , Financial Times, 10/19/2009
MarketMinder's View:
“Only massive programmes are equal to the challenge of restoring stable growth to our economy.” Massive programmes sounds like  massive government--the free market would do a much better job.
 
Market Misperceptions
By , ABC News, 10/19/2009
MarketMinder's View:
Too fast? There’s never a perfect way to spend stimulus money, but  only about half has been disbursed. See our 10/15/2009 cover story, “Change Ain’t Easy in DC,” for more. 
Market Misperceptions
By , CNN Money, 10/19/2009
MarketMinder's View:
Yes, we have a big deficit. But historically, big deficits haven’t led to market ruin. Case in point: The US stock market has been steadily rising since its March low, despite the large deficit.
Market Misperceptions
By , Seeking Alpha, 10/19/2009
MarketMinder's View:
A few months ago, we were in the “Greatest Depression.” Since that turned out to be wrong, now it hasn’t arrived yet? No—globally, there are ample signs we are heading back toward growth mode. For more, see our 10/01/2009 cover story “A Sign of Better Days to Come.”
Market Misperceptions
By , The Washington Post, 10/19/2009
MarketMinder's View:
We’re uncertain why politicians are uniquely positioned to set compensation. Said another way: Do you want them dictating how you’re paid? See our 08/06/2009 column, “Hoopla Over Pay,” for more.
Sensible Stories
By , Bloomberg, 10/19/2009
MarketMinder's View: As always, look at what people do, not what they say. Though headlines scream no one wants US debt, facts prove quite the reverse. See our 06/03/2009 cover story, “Reserved Panda-monium,” for more.
Market Misperceptions
By , The Wall Street Journal, 10/19/2009
MarketMinder's View:
This may not be the wisest move to support Japan’s nascent recovery. See our 09/24/2009 cover story, “Stimulus U-Turn,” for more.
Sensible Stories
By , Bloomberg.com, 10/19/2009
MarketMinder's View: Rumors of the death of the American consumer have been greatly exaggerated. This is good news for the Economy.
Sensible Stories
By , National Post, 10/19/2009
MarketMinder's View: Remember the saying, “Be fearful when others are greedy and greedy when others are fearful”? Also, long term, gold’s had lousy overall returns, and is a faulty inflation indicator. See our 09/10/2009 cover story, “The Bling Fling,” for more.
Sensible Stories
By , The Financial Times, 10/19/2009
MarketMinder's View: We don’t agree with everything said here but investing in Emerging Markets is a product of looking globally for opportunities – which we wholeheartedly support.
Sensible Stories
By , The Wall Street Journal, 10/19/2009
MarketMinder's View: The frauds and shysters are typically unearthed at or near the end of recessions—always been that way, likely always will.
Market Misperceptions
By , Financial Times, 10/19/2009
MarketMinder's View:
Bubbles and busts always happen—nothing new, happened in the past, and will happen again in the future. But stocks are in a bubble just because inflation may be a risk down the road? Doesn’t make sense.
Sensible Stories
By , US News, 10/19/2009
MarketMinder's View: We’ve said it before: Jobs rates historically lag economic recoveries which lag stock market recoveries. Why? Because economic growth begets hiring, not the other way around. See our 07/23/2009 column, “Cheerless Recoveries,” for more.
Sensible Stories
By , The Telegraph, 10/19/2009
MarketMinder's View: Imposing taxes is the threat to Financials brought about by government involvement and will serve to benefit no-one. Political expediency is far removed from good economics.
Sensible Stories
By , MSN Money, 10/19/2009
MarketMinder's View: Saving is great! But it’s true—if you have a long time horizon, saving in a bank account doesn’t make much sense, and stocks are likelier to yield much better returns over time.
Sensible Stories
By , The American, 10/16/2009
MarketMinder's View: The world is only getting more globalized. To stay competitive, we should embrace it, not try to “recapture a bygone era.”
Market Misperceptions
By , The Telegraph, 10/16/2009
MarketMinder's View:
Isn’t this just repeating old news. Of course risks remain but there’s no evidence to suggest the economic recovery is faltering.
 
Sensible Stories
By , Bloomberg.com , 10/16/2009
MarketMinder's View: As we’ve said before good news far outweighs bad as the economy continues to recover.
Sensible Stories
By , BusinessWeek, 10/16/2009
MarketMinder's View: For all the talk of the world turning its collective back on the US, it sure seems like folks still want our assets. Watch what people do, not what they say.
Sensible Stories
By , The Washington Post, 10/16/2009
MarketMinder's View: Much better-than-expected earnings from struggling Financials tell us some of the nation’s largest banks are on their way to a healthy recovery.
Market Misperceptions
By , The Wall Street Journal, 10/16/2009
MarketMinder's View: Small bank failures aren’t a sign of systemic failure. It’s normal to see banks fail, even in healthy times, and particularly at the end of a recession.
Market Misperceptions
By , Smart Money, 10/16/2009
MarketMinder's View: Well yes, having 5,300% inflation like Zimbabwe would be terrible. But considering US inflation has basically been flat for some time, this fear is a touch premature.
Sensible Stories
By , The Wall Street Journal, 10/16/2009
MarketMinder's View: Free trade agreements enhance global trade and with it economic growth. We hope America follows soon.
Market Misperceptions
By , Daily Telegraph, 10/16/2009
MarketMinder's View: Who wants the government dictating how much compensation we deserve? We hardly think this would do much to help the financial (or any) industry. Likely, this will drive away talented job-seeking individuals.
Sensible Stories
By , Bloomberg, 10/15/2009
MarketMinder's View: “The cost of living in the US rose at a slower pace in September, showing inflation will not be a threat.” Despite massive money creation, offsetting economic factors likely mean it’ll be a while until inflation becomes a serious threat, if it does at all.
Market Misperceptions
By , MarketWatch, 10/15/2009
MarketMinder's View:
Taxing financial transactions is a bad idea. They’d likely make capital markets less efficient and be passed on to average folks.
Market Misperceptions
By , The New York Times, 10/15/2009
MarketMinder's View:
Smart people are the death of us? This whole analysis is fraught with idiocy.
Sensible Stories
By , The Financial Times , 10/15/2009
MarketMinder's View: Global trade is still down from its peak but here is an example of its recent resurgence.
Sensible Stories
By , Kiplinger, 10/15/2009
MarketMinder's View: Keeping your emotions in check and staying disciplined are essential in investing.
Market Misperceptions
By , MSN Money, 10/15/2009
MarketMinder's View:
The dollar doom and gloom continues. For more, see our 10/08/2009 cover story, “The Dollar’s Doom Looms?”
Market Misperceptions
By , The Wall Street Journal, 10/15/2009
MarketMinder's View:
The federal debt and deficit aren’t the massive problems they’re made out to be. Relative to the size of the economy, government debt is in line with past levels, and low interest rates are keeping debt servicing costs in check. And stocks have historically done very well following periods of big deficits.
Market Misperceptions
By , Slate, 10/15/2009
MarketMinder's View:
This argument’s got it all wrong. Private equity firms frequently take companies private, run them for a bit, then either sell them or take them public again. PE firms executing their normal business model isn’t a sign of a market top. On the contrary, it reflects an increased appetite for stocks.
Sensible Stories
By , SmartMoney, 10/15/2009
MarketMinder's View: The Dow “crossed a meaningless threshold.” Amen. For more, see our 07/24/2009 cover story “Misleading Milestones.”
Sensible Stories
By , Investor’s Business Daily, 10/15/2009
MarketMinder's View: Excessive risk can be dangerous, but so can excessive risk aversion—this discussion is worth keeping an eye on.
Market Misperceptions
By , The Economist, 10/15/2009
MarketMinder's View:
Wary banks and borrowers are normal during a recession, especially one centered around a banking crisis. Credit markets are much improved from last year’s freeze. Expect borrowing to pick up as the economy does. For more, see our 09/18/2009 cover story, “Wading Back In.” 
Market Misperceptions
By , Bloomberg.com , 10/15/2009
MarketMinder's View:
Currencies are a zero sum game. When one is weak, another is equally strong. Having a global portfolio reduces your reliance on one currency’s strength or weakness.
 
Market Misperceptions
By , The New York Times, 10/14/2009
MarketMinder's View:
So what Wall Street needs is fewer “smart guys” – some innovative products work, some don’t, but to remove that innovation is detrimental long-term.
Sensible Stories
By , The Wall Street Journal, 10/14/2009
MarketMinder's View: The Bank of Japan joins central banks around the world in keeping rates low and continuing stimulative policies (in their case, buying bank-owned corporate debt). As global economic recovery takes hold, an accommodative stance from central banks will help boost sustainability.
Sensible Stories
By , The New York Times, 10/14/2009
MarketMinder's View: Credit Agricole became the last French bank to outline repayment plans for funds received in a government bailout. Similar to news US firms are repaying TARP, this likely indicates the French financial system is also well on its way to pre-crisis stability.
Market Misperceptions
By , CBS News, 10/14/2009
MarketMinder's View:
What does it mean when Dow reaches the 10,000 milestone? Nothing! For more, see our 7/24/2009 cover story, “Misleading Milestones.”
Sensible Stories
By , Financial Times, 10/14/2009
MarketMinder's View: A look at how regulation in the airline industry can serve as a useful guide when considering financial reform. No matter how good the intentions are, the risks of the regulations becoming over bearing are always there and the markets generally do a better job.
Market Misperceptions
By , The Wall Street Journal, 10/14/2009
MarketMinder's View:
Concerns over the dollar’s strength as the world’s reserve currency are nothing new. Critics are using the US’ crisis-triggered spending as yet another reason the currency is doomed to fail. For more, see our 10/08/2009 cover story, “The Dollar’s Doom Looms?”
Market Misperceptions
By , MarketWatch, 10/14/2009
MarketMinder's View:
We’re in the middle of a secular bear market? This is just another rally leading to destruction of wealth? Repeat of Japan in the ‘90s? More bricks in the wall of worry stocks are climbing.
Market Misperceptions
By , Time, 10/14/2009
MarketMinder's View:
While a correction is possible, even likely, that doesn’t mean this bull market won’t continue to rise. A wall of worry, like investors are facing now, is a bullish sign. For more, see our 10/07/2009 cover story, “Doubt in the Driver’s Seat.”
Sensible Stories
By , Reuters, 10/14/2009
MarketMinder's View: Both exports and imports for the emerging economy beat analyst expectations, signaling a pickup in overall trade activity.
Market Misperceptions
By , Associated Press, 10/14/2009
MarketMinder's View:
It’s true, making emotional investing decisions can be risky. Relying on an “EmoBracelet” to tell you how you’re feeling (and thus indicate whether you’re making a rash decision) also sounds risky.
Market Misperceptions
By , Christian Science Monitor, 10/14/2009
MarketMinder's View:
The four most dangerous words—“it’s different this time.” While every cycle features some changes in leadership, innovation, and creative destruction, these are the very fabric of capitalism, not a sign of fundamental trouble.
Sensible Stories
By , The Atlantic, 10/14/2009
MarketMinder's View: Precisely. “Who would you rather have making important decisions that affect the economy: a former Wall Streeter who actually worked in the market every day or a career bureaucrat who has read a lot of books about the market?” We agree there must be some separation between Washington and Wall Street, but bringing in experienced professionals isn’t a bad thing.
Market Misperceptions
By , The Independent, 10/13/2009
MarketMinder's View:
How do you get from a business confidence survey to any accurate measure of GDP? The UK may not return to positive growth this quarter but it’s stronger than three months ago and that’s reflected in the upward movement the markets have already made.
Market Misperceptions
By , MarketWatch, 10/13/2009
MarketMinder's View: We don’t agree with all this, but the perspective that a weak dollar has both costs and benefits is an important one. And for well-diversified global investors, currency moves of the moment won’t ultimately matter much either way.
Market Misperceptions
By , Bloomberg, 10/13/2009
MarketMinder's View: The notion we’ve come “too far, too fast” is typical at the beginning of bull markets. For more, see our 05/12/2009 cover story, “Too Fast, Too Furious?”
Sensible Stories
By , Slate, 10/13/2009
MarketMinder's View: One of the reasons we are upbeat on the economy going forward is that the recovery is largely taking place without stimulus. It’s a good thing that the stimulus measures will enter the economy over time rather than all at once.
Sensible Stories
By , BusinessWeek, 10/13/2009
MarketMinder's View: Yes, just another misleading milestone. Plus, the Dow is price-weighted and only has 30 constituents—both make for a broken index. For more, see our 07/24/2009 cover story, “Misleading Milestones.”
Sensible Stories
By , The Wall Street Journal, 10/13/2009
MarketMinder's View: For now, it seems a tax hike on US companies’ foreign earnings is on the back burner. The longer such initiatives are delayed, the greater the chances they’ll stall indefinitely as politicians move toward the middle of election season.
Sensible Stories
By , Bloomberg, 10/12/2009
MarketMinder's View: The stock market rally since March has been tremendous and should continue, with some volatility, for the foreseeable future.
Sensible Stories
By , The Wall Street Journal, 10/12/2009
MarketMinder's View: Economic data is beginning to tell us what the market has indicated for months: Recovery is underway.
Sensible Stories
By , The Wall Street Journal, 10/12/2009
MarketMinder's View: Improving global trade is an important sign of a healthy global economy. See our 09/04/2009 column, “Trade Winds,” for more.
Sensible Stories
By , TimesOnline, 10/12/2009
MarketMinder's View: Well of course! An excellent way to reduce poverty is through the elimination of trade barriers by allowing individuals do what they do naturally—trade with each other.
Market Misperceptions
By , Time, 10/12/2009
MarketMinder's View:
The 401(k) isn’t a failed vehicle just because the market fell for a period. Investing is still the best way for most to plan for retirement. And GM and Chrysler retirees can attest to the fact defined benefit plans aren’t a panacea either.
Sensible Stories
By , The Wall Street Journal, 10/12/2009
MarketMinder's View: “When it comes to the economy and financial markets, good news has far outweighed bad news in 2009.” – Well put.
Sensible Stories
By , Reason.com, 10/12/2009
MarketMinder's View: Some regulation is well and good, but overregulation can be worse than no regulation at all. See our 01/05/2009 column, “Deregulation…Regulation…What’s the Difference?” for more.
Market Misperceptions
By , MoneyWatch.com, 10/12/2009
MarketMinder's View:
Using the market bottom in mid-March as the backbone of an argument against stock market returns is more convenient than it is sensible.
Market Misperceptions
By , Kiplinger, 10/12/2009
MarketMinder's View:
Beware those claiming “it’s different this time.” Those are the most dangerous (and expensive) words in finance.
Market Misperceptions
By , CNN Money, 10/12/2009
MarketMinder's View:
“Ultimately (simply shopping for the best car at the best price) may be the best for everyone, pushing American car companies to compete globally by making better cars.” We couldn’t agree more. See our 06/24/2009 cover story, “Buy Apple Pie,” for more.
Sensible Stories
By , CNN Money, 10/12/2009
MarketMinder's View: “There may be a lot of talk about the need to replace the dollar as the global reserve currency. But for now, that’s all it is. Talk.” Amen. See our 10/08/2009 cover story, “The Dollar’s Doom Looms?” for more.
Market Misperceptions
By , Time, 10/12/2009
MarketMinder's View:
Dollar weakness may continue, but that shouldn’t worry investors. Exchange rate movements don’t tell you much about where stocks are headed. For more, see our 09/17/2009 column, “Confounding Currency Myths.”
Sensible Stories
By , The Motley Fool, 10/09/2009
MarketMinder's View: As we’ve said before, don’t get caught up in the fallacy, “it’s different this time.”
Sensible Stories
By , Reuters, 10/09/2009
MarketMinder's View: China reiterates its commitment to remaining accommodative and helping goad recovery.
Market Misperceptions
By , BusinessWeek, 10/09/2009
MarketMinder's View: Sure, the current unpredictable job market isn’t stellar, but it’s normal for unemployment to spike at the end of recessions. As the economy recovers, employment will follow, as it always does.
Sensible Stories
By , Kiplinger, 10/09/2009
MarketMinder's View: Well, probably it is. But the end won’t be officially dated until long afterwards. And even if the US doesn’t officially return to growth for a bit, the world is heading back toward growth mode. Most important—stocks typically start rising well in advance of recovery.
Market Misperceptions
By , The Wall Street Journal, 10/09/2009
MarketMinder's View: A popular concern, but the world abandoning the dollar as its dominant currency is overblown. Further, even if it happened, it wouldn’t have the impact most fear. For more, see our 10/08/2009 cover story, “The Dollar’s Doom Looms?”
Sensible Stories
By , The Washington Post, 10/09/2009
MarketMinder's View: While spending didn’t fall nearly as much as many think, retail sales on the rise prove consumers are more resilient than most believe
Market Misperceptions
By , The New Republic , 10/09/2009
MarketMinder's View: Markets are volatile—simply axiomatic. More regulation will not make markets less volatile. In fact, arbitrary regulation can lead to harmful distortions. There’s nothing wrong with having more transparency, but thinking more regulation will cure markets of their cyclical nature is just wrong.
Sensible Stories
By , The Wall Street Journal, 10/09/2009
MarketMinder's View: What they need is banks unconstrained from restrictive government intervention.
Market Misperceptions
By , BBC News, 10/09/2009
MarketMinder's View:
Certainly economic recovery has some way to go but we are well away from the panic period experienced last fall.
Sensible Stories
By , Bloomberg, 10/08/2009
MarketMinder's View: Global central banks remain largely aligned in their efforts to remain accommodative to help goad recovery.
Market Misperceptions
By , BBC News, 10/08/2009
MarketMinder's View:
We’ve been fretting about oil decline since the 1970’s and we now have more proven oil reserves now than we did back then.
Market Misperceptions
By , Associated Press, 10/08/2009
MarketMinder's View:
Not surprising that, in a tail end of a recession, folks are borrowing less. However, spending in August was up, and overall, consumer spending was very resilient through the recession. For more, see our 10/01/2009 cover story, “A Sign of Better Days to Come.”
Sensible Stories
By , BusinessWeek, 10/08/2009
MarketMinder's View: While the financial industry could always benefit from more transparency and streamlining reform, knee-jerk, haphazard reform will likely have a host of unintended, negative consequences.
Market Misperceptions
By , The American, 10/08/2009
MarketMinder's View:
No, the stimulus hasn’t resulted in a wave of new jobs—nor should you expect it to. Typically, unemployment continues getting worse even as an economy recovers. Firms don’t hire in anticipate of later growth—that’s irrational. First, they max out their current capacity, then start expanding and hiring.
Sensible Stories
By , SmartMoney, 10/08/2009
MarketMinder's View: And who says consumers aren’t spending? Whether boomers or otherwise, consumers are more resilient than most realize.
Market Misperceptions
By , The Wall Street Journal, 10/08/2009
MarketMinder's View:
Gloom-and-doomers miss an important historical fact—the second six months following bull markets are overwhelming positive and above average. Not as big as the first six, but not something to miss. For more, see our 09/30/2009 cover story “A Strong Second Six.”
Sensible Stories
By , The Wall Street Journal, 10/08/2009
MarketMinder's View: Microfinancing, or extending credit to individuals without access to traditional means of financing, has been an innovative means of lifting people out of poverty.
Market Misperceptions
By , MSNBC, 10/07/2009
MarketMinder's View: A “V”-shaped stock recovery doesn’t necessarily need a “V”-shaped economic recovery. For more, see today’s cover story, “Doubt in the Driver’s Seat.”
Market Misperceptions
By , The Telegraph, 10/07/2009
MarketMinder's View:
Corrections are part of bull markets, but trying to time the market on short-term moves is not a recipe for success.
 
Sensible Stories
By , The Independent, 10/07/2009
MarketMinder's View: Chinese consumers are putting up a strong showing as early reports show a week-long holiday is boosting travel and retail spending.
Market Misperceptions
By , The Washington Post, 10/07/2009
MarketMinder's View:
This overly dour look at the prospects (or lack thereof) for the impending recovery relies on the faulty assumption, “it’ll be different this time.”
Market Misperceptions
By , CNN Money, 10/07/2009
MarketMinder's View: This meaningless milestone doesn’t necessarily indicate much about inflation or future stock market direction.
Market Misperceptions
By , The Washington Post, 10/07/2009
MarketMinder's View:
The dollar’s value will continue to fluctuate, and will continue to have little impact on stocks’ direction. For more, see today’s cover story, “Doubt in the Driver’s Seat.”
Sensible Stories
By , Forbes.com , 10/07/2009
MarketMinder's View: Independence from quasi-government institutions that is, although these countries have become more connected to the private capital markets and the global economy—a step in the right direction.
Market Misperceptions
By , BusinessWeek, 10/07/2009
MarketMinder's View:
Currently, the absolute level of earnings matters less for stock prices compared to whether they outpace today’s generally dour expectations. See our 9/30/2009 cover story, “A Strong Second Six,” for more.
Sensible Stories
By , Bloomberg, 10/07/2009
MarketMinder's View: Not surprisingly, a financial regulation bill isn’t likely to pass this year as “lawmakers disagree on the plan and need time to weigh proposals.” The longer it takes, the more watered down it will become. That’s typically how it works in Washington.
Sensible Stories
By , Real Clear Markets, 10/07/2009
MarketMinder's View: Hold on! Politicians love to raise taxes on things like cigarettes in the hope that people will smoke less but apparently the same laws of economics don’t apply to incomes. The more you tax something, the less you get of it.
Sensible Stories
By , Kiplinger, 10/07/2009
MarketMinder's View: “Lesson 1: The stock market turns up when pessimism is rampant.” Check! “Lesson 2: A bear market associated with a recession almost always ends in the middle of the economic downturn.” Check! And the list goes on—this article details some primary reasons investors needn’t fear this bull market.
Sensible Stories
By , Investor’s Business Daily, 10/07/2009
MarketMinder's View: Imposing a tax at every level of production would create more revenue for the government (short term), but at the expense of every American consumer, producer, and business owner. Not a great way to keep a recovering economy stimulated.
By , Los Angeles Times, 10/06/2009

MarketMinder's View: We’ve discussed the alleged risks highlighted in this article numerous times in recent months, so we’ll spare you the repetition and zero in on the personal finance advice here. By encouraging investors to consider only how much money they can afford to lose, it takes too narrow and myopic a view. Risk tolerance is important, but we think long-term goals and time horizon—the length of time your money must be invested to reach your goals—are the best starting point. If your goals require enough compound growth to sustain cash flows over the next couple decades, then you might feel differently about the concept of keeping three to five years’ worth of expenses in cash just in case stocks fall. You might decide it makes more sense to keep a smaller buffer, knowing bear markets historically last 16 months on average, and allocate more to stocks (and maybe bonds, depending) so you can have more of your wealth working toward your goals. There are always tradeoffs, but going heavy into cash now could reduce your returns over time, making your goals harder to reach.

Sensible Stories
By , Forbes.com, 10/06/2009
MarketMinder's View: Adding one comment to this really wouldn’t do it justice—this is a must read.
Market Misperceptions
By , Bloomberg.com, 10/06/2009
MarketMinder's View:
Mergers aren’t inherently bad—we think this could be a good opportunity for weaker companies to be taken over by a stronger pair of hands. 
 
Market Misperceptions
By , Associated Press, 10/06/2009
MarketMinder's View:
The recession has created challenges as well as opportunities for people of all ages.
Sensible Stories
By , The Washington Post, 10/06/2009
MarketMinder's View: Exports have fueled China’s growth, but China is becoming an important end market for both Chinese and foreign goods.
Sensible Stories
By , Yahoo! Finance, 10/06/2009
MarketMinder's View: We’d agree—go against herd mentality. While it may be difficult for investors, it can be rather beneficial for your portfolio. Remember the adage, “Be greedy when others are fearful.”
Market Misperceptions
By , MSN Money, 10/06/2009
MarketMinder's View:
Stocks can rise quickly without an equally rapid economic recovery. For more, see our 08/20/2009 cover story, “Alphabet Soup Recovery.”
Sensible Stories
By , The New Yorker, 10/06/2009
MarketMinder's View: “Before we go proclaiming this the age of the American tightwad, a little perspective is in order.” This piece provides a lot of it.
Market Misperceptions
By , TimesOnline, 10/06/2009
MarketMinder's View:
How’s this for government logic? Provide money to the banks to help them, then attempt to punish them by telling them to get rid of customers.  
Market Misperceptions
By , MarketWatch, 10/06/2009
MarketMinder's View:
Pricing oil in gold instead of dollars, huh? Isn’t gold priced in dollars? Ignore.
Sensible Stories
By , The Wall Street Journal, 10/06/2009
MarketMinder's View: Starting next week—five investment funds will begin buying troubled assets via the PPIP.
Market Misperceptions
By , BusinessWeek, 10/06/2009
MarketMinder's View:
Playing a waiting game with stocks is never wise. The early stages of new bull markets are volatile, and it can be dangerous to sit on the sidelines and wait for the “dips” to invest.
Sensible Stories
By , Financial Times, 10/06/2009
MarketMinder's View: “Equities offer investors excellent returns to those willing to accept the market’s volatility.” Amen.
Sensible Stories
By , Financial Times, 10/06/2009
MarketMinder's View: “Equities offer investors excellent returns to those willing to accept the market’s volatility.” That statement is as true today as it ever was.
Market Misperceptions
By , Bloomberg, 10/05/2009
MarketMinder's View:
History shows stocks can recover quickly without a “V”-shaped economic recovery. See our 06/23/2009 cover story, “Cloudy With a Chance of Meatballs,” for more.
Market Misperceptions
By , CNN Money, 10/05/2009
MarketMinder's View:
Taxes are just one of many factors affecting the economy and wouldn’t necessarily stall recovery. But higher taxes are likely to do more harm than good.
Market Misperceptions
By , MarketWatch, 10/05/2009
MarketMinder's View:
First stocks begin to recover, then the economy, then employment. See today’s cover story, “Unemployment, Underemployment and Zombies,” for more.
Sensible Stories
By , The Wall Street Journal, 10/05/2009
MarketMinder's View: To promote lasting economic growth, you need to create incentives, not provide handouts. This plan was doomed from the beginning.
Market Misperceptions
By , LewRockwell.com, 10/05/2009
MarketMinder's View:
Economic recoveries are almost always initially jobless. If a weak economy caused unemployment to increase, and the economy couldn’t improve until employment does, no country would ever recover from recession.
Market Misperceptions
By , The New York Times, 10/05/2009
MarketMinder's View:
That only took a year—government efficiency at its best.
 
Sensible Stories
By , Portfolio.com, 10/05/2009
MarketMinder's View: Excessive new share issuance (think dot-com boom) can be problematic, but the recent modest increase in IPOs shows risk aversion is abating and capital markets are functioning.
Sensible Stories
By , Financial Times, 10/05/2009
MarketMinder's View: Growth is returning to the biggest portion of the UK economy.
Sensible Stories
By , Real Clear Markets, 10/05/2009
MarketMinder's View: It’s impossible to say how things might have unfolded without government and central bank intervention, but actions aimed at shoring up the financial system and unfreezing credit markets were largely positive.
Sensible Stories
By , Kiplinger, 10/05/2009
MarketMinder's View: Some good observations of the still-nascent bull market. See our 11/17/2008 cover story, “Invest for the Future, Not the Present,” for more.
Sensible Stories
By , MSN Money, 10/05/2009
MarketMinder's View: Massive monetary and fiscal stimulus is lubricating capital markets, which are starting to function normally again.
Market Misperceptions
By , MoneyWatch, 10/05/2009
MarketMinder's View:
Beware investing myths like this one. Fact is, no one month is worse or better for stocks than others. See our 08/28/2009 cover story, “Stay in September,” for more.
Market Misperceptions
By , Bloomberg, 10/02/2009
MarketMinder's View: Massive fiscal and monetary stimulus was necessary to support a frozen system. Investors needn’t be concerned with rising deficits or debt—historically elevations in both have proven more benign than widely believed.
Sensible Stories
By , SmartMoney, 10/02/2009
MarketMinder's View: For those who fret about an aging population, the demographic shift may not be as significant in the US as most expect.
Sensible Stories
By , The Wall Street Journal, 10/02/2009
MarketMinder's View: Unemployment usually recovers after the economy has already picked up and long after stocks have begun to rise.
Market Misperceptions
By , Seeking Alpha, 10/02/2009
MarketMinder's View: There doesn’t need to be a “V” economic recovery for there to be a “V” recovery in stocks. For more, see our 09/30/2009 cover story, “A Strong Second Six.”
Market Misperceptions
By , Barron’s, 10/02/2009
MarketMinder's View: The beginnings of bull markets typically feature such sentiment.
Market Misperceptions
By , TheStreet.com, 10/02/2009
MarketMinder's View:
Surprises move markets, not old stories that have dominated headlines for months..
 
Sensible Stories
By , MarketWatch, 10/02/2009
MarketMinder's View: While there’s no validity in the myth one month is inherently worse than the other for stocks, we’d agree positive economic signals abound.
Sensible Stories
By , Bloomberg.com, 10/02/2009
MarketMinder's View: Further positive signs that the economy is recovering.
Market Misperceptions
By , The Wall Street Journal, 10/02/2009
MarketMinder's View: This misses the point—in the last year, capital markets have stabilized and credit conditions continue to ease toward pre-crisis levels. With a steep positive yield curve, lending will eventually reaccelerate.
Market Misperceptions
By , Barron’s , 10/02/2009
MarketMinder's View: Ignore technical analysis. For more, see our 09/18/2009 cover story, “Wading Back In.”
Sensible Stories
By , The New York Times, 10/02/2009
MarketMinder's View: As we’ve said, trade spats rarely amount to much as nations inevitably realize the benefits free trade provides. For more, see our 09/16/2009 cover story, “Minor in the Key of Kerfuffle.”
Market Misperceptions
By , Bloomberg, 10/01/2009
MarketMinder's View:
Select institutions will fail, but overall, the financial system is on much more stable ground than many believed just months ago.
Sensible Stories
By , Abnormal Returns, 10/01/2009
MarketMinder's View: “The stock market is going to do what it is going to do in October and it will have nothing to do with what month it reads at the top of the calendar.” Exactly. Markets don’t care about months or seasons—there’s no validity to myths that say one month is inherently worse than another. For more, see our 08/28/2009 cover story, “Stay in September.”
Dueling Headlines
By , The Wall Street Journal, 10/01/2009
MarketMinder's View: Don’t pay attention to contradicting messages on the IMF. Global economic recovery has been and continues to be well on its way.
Sensible Stories
By , Bloomberg, 10/01/2009
MarketMinder's View: Consumers have been much more resilient through this downturn than most people believe. For more, see our 08/17/2009 cover story “The Report of the Consumer’s Death Is an Exaggeration.”
Market Misperceptions
By , USA Today, 10/01/2009
MarketMinder's View:
Stock market gyrations can be difficult to stomach. Capturing stock’s strong long-term returns requires discipline and occasionally a few Rolaids.
Sensible Stories
By , The Telegraph, 10/01/2009
MarketMinder's View: There’s no silver bullet to stop crises from occurring, whether they be financial or otherwise.
Sensible Stories
By , The New Zealand Herald, 10/01/2009
MarketMinder's View: Despite rumblings about advancing protectionism, free trade remains an essential engine for the global economy.
Market Misperceptions
By , Los Angeles Times, 10/01/2009
MarketMinder's View:
When has any bull market been one seamless ride upwards? Of course there will be periods of correction but don’t let that scare you out of stocks.
 
Market Misperceptions
By , 24/7 Wall Street, 10/01/2009
MarketMinder's View:
The FDIC has plenty of resources available. For more, see our 09/03/2009 cover story, “FDIC Out of Cash?”
Sensible Stories
By , Investor’s Business Daily, 10/01/2009
MarketMinder's View: The prospect of significant legislative change makes investors skittish. This is one to keep an eye on.
Market Misperceptions
By , The Wall Street Journal, 10/01/2009
MarketMinder's View:
Fiscal stimulus is always clumsy and imperfect, but in times of economic crisis, it’s an effective means of reigniting economic activity.