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Market Misperceptions
By , Bloomberg, 11/30/2007
MarketMinder's View: We’re not sure how they can make this projection since the index in question begins in 1995. But never mind. Even if it’s true, stocks were up huge during World War II, and for nearly the entirety of the following decade!
Sensible Stories
By , Pittsburgh Tribune-Review, 11/30/2007
MarketMinder's View: Required reading for those fearing foreigners dumping the dollar. Foreigners invest with their best interests at heart—just like you do.
Market Misperceptions
By , newsvine.com, 11/30/2007
MarketMinder's View: This headline was either a typo or intentionally misleading. Consumer spending wasn’t down in October—it was up! It was just slower growth than the previous few months.
Sensible Stories
By , New York Times, 11/30/2007
MarketMinder's View: Good news for those who believe in open markets.
Sensible Stories
By , Forbes, 11/30/2007
MarketMinder's View: Hip hop stars don’t make the best market indicators. For more, read “So Goes Jay-Z,” 11/14/2007.
Sensible Stories
By , Reuters, 11/30/2007
MarketMinder's View: Despite all the media gloom and doom, reality is much different.
Market Misperceptions
By , Telegraph, 11/30/2007
MarketMinder's View: Speculation on the demise of the EU is just that – speculation!
Market Misperceptions
By , International Business Times, 11/30/2007
MarketMinder's View: Bad idea. Government price-setting most always leads to unintended negative consequences.
Market Misperceptions
By , 11/30/2007
MarketMinder's View: Whether or not the FOMC cuts rates, the fears cited in this article are well known and already priced in. Investor worries might make markets wiggle in the near term, but that’s purely psychological.
Sensible Stories
By , Wall Street Journal, 11/30/2007
MarketMinder's View: The sooner any such agreement is signed the better. Removing trade barriers are always of net benefit.
Market Misperceptions
By , The Motley Fool, 11/29/2007
MarketMinder's View: Yet another in the cavalcade of flat out dour stories we’ve seen today, despite plenty of good news.
Market Misperceptions
By , The Wall Street Journal *, 11/29/2007
MarketMinder's View: One of many “don’t believe the good news” stories we’ve seen today.
Market Misperceptions
By , Money Week, 11/29/2007
MarketMinder's View: Wrong! Don’t be fooled by this typical bull market correction instead!
Sensible Stories
By , The Wall Street Journal *, 11/29/2007
MarketMinder's View: We agree. Allowing free markets to work their mojo ultimately creates better stability than government intervention can.
Sensible Stories
By , US News, 11/29/2007
MarketMinder's View: The Grinch and the bears can fret all they like, but folks are still doing their shopping.
Sensible Stories
By , The New York Times, 11/29/2007
MarketMinder's View: More good news on the free trade front.
Market Misperceptions
By , Bloomberg, 11/29/2007
MarketMinder's View: Another inane call for the death of US consumers. Meanwhile, unemployment remains low, personal income is on the rise, and the economy surges forward.
Sensible Stories
By , Wall Street Journal *, 11/29/2007
MarketMinder's View: Any protectionist activity would be restrictive of global economic growth.
Sensible Stories
By , MarketWatch, 11/29/2007
MarketMinder's View: Five signs investors are irrationally convincing themselves things are far worse than they actually are. Are you falling prey?
Market Misperceptions
By , Barron’s, 11/29/2007
MarketMinder's View: Bad news makes stocks go up! Well, it’s certainly a unique take, we’ll give it that much.
Market Misperceptions
By , Wall Street Journal *, 11/29/2007
MarketMinder's View: “It’s a sad day for American financial markets when you’ve got to turn to Abu Dhabi to get bailed out.” – One firm in need of capital investment does not constitute the “American financial markets.”
Market Misperceptions
By , TheStreet.com, 11/29/2007
MarketMinder's View: If by “storm” he means “bull market,” then we agree.
Sensible Stories
By , The Associated Press via The Washington Post, 11/29/2007
MarketMinder's View: “The economy barreled ahead in the summer, growing at a 4.9 percent pace.”
Market Misperceptions
By , The Wall Street Journal *, 11/29/2007
MarketMinder's View: Increased foreign investment isn’t something to be feared in a globalizing economy—it’s something to applaud.
Sensible Stories
By , Financial Times, 11/29/2007
MarketMinder's View: Heavy penalties for firms engaging in anti-competitive activities is encouraging.
Market Misperceptions
By , Bloomberg, 11/28/2007
MarketMinder's View: Upon reading this carefully, despite all the anticipation of a recession, we discern little or no actual data pointing to one.
Sensible Stories
By , Times Online, 11/28/2007
MarketMinder's View: “Despite all the bad things that are supposed to be happening, the economy continues to grow.” – Exactly.
Market Misperceptions
By , Financial Times, 11/28/2007
MarketMinder's View: Comparisons between any downturn today and the Depression of the 1930’s seem more than a little premature.
Market Misperceptions
By , The Wall Street Journal, 11/28/2007
MarketMinder's View: Heaven forbid analysts should forecast something upbeat.
Market Misperceptions
By , Fortune via CNNMoney.com, 11/28/2007
MarketMinder's View: Amazingly, we’d look at the exact same data and call it a recipe for a bull market. Stocks are historically cheap today—now’s a great time to buy.
Market Misperceptions
By , Barron’s, 11/28/2007
MarketMinder's View: Market volatility is perfectly normal. Nothing is ever certain with investments; stomaching the wild ride is part of the gig.
Dueling Headlines
By , MSNBC, 11/28/2007
MarketMinder's View: It’s amusing to see the reasons folks come up with to explain daily market moves.
Sensible Stories
By , The New York Times, 11/28/2007
MarketMinder's View: Successful investing isn’t about being right all the time. Mistakes happen. How we deal with our mistakes is a large factor determining future portfolio success.
Market Misperceptions
By , The New York Times, 11/28/2007
MarketMinder's View: Instead of viewing this as reason for worry, we see plenty of capital out there ready to be utilized and investors throughout the world who see big opportunity.
Sensible Stories
By , ABC News, 11/28/2007
MarketMinder's View: Coupled with a big Black Friday, US consumers appear far from tapped out. And anyway, we wouldn’t put much stock in holiday shopping stats as an economic indicator to begin with.
Sensible Stories
By , Wall Street Journal, 11/28/2007
MarketMinder's View: In the same way protectionism restricts global economic growth, so too does corrupt activity. Good news then that action is being taken.
Market Misperceptions
By , Fortune, 11/28/2007
MarketMinder's View: It’s true that Financials firms could better report their lending and borrowing activities. But with all due respect to Mr. Gross—conduits, SIVs, and similar securities markets are nothing new, and are boon to capital markets.
Sensible Stories
By , Forbes, 11/28/2007
MarketMinder's View: Why will Wall Street bonuses be so big this year? Despite media claptrap, lots of firms are having great years and reporting good earnings.
Sensible Stories
By , Bloomberg, 11/28/2007
MarketMinder's View: “France's real problem isn't the unions. It is the bloated state, a cosseted middle class, punitive taxes, and excessive regulation.” We mostly agree, but generally like what we’ve seen from Sarkozy so far.
Sensible Stories
By , Newsvine via The Associated Press, 11/28/2007
MarketMinder's View: Opportunities abound throughout the economy tied to advances in technology, globalization, and capitalism.
Sensible Stories
By , Financial Times, 11/28/2007
MarketMinder's View: Increased M&A activity is a sign that equities are cheap. The fact it’s happening in emerging markets as well as those more developed says much for the globalization of world markets.
Sensible Stories
By , The Wall Street Journal, 11/28/2007
MarketMinder's View: It seems folks are beginning to realize ethanol is not the miracle energy substitute it’s cracked up to be.
Sensible Stories
By , ABC News, 11/28/2007
MarketMinder's View: We agree! Generally, a longer time horizon means bigger compounding interest benefits in higher returning asset classes like stocks.
Market Misperceptions
By , Kiplinger, 11/28/2007
MarketMinder's View: Whatever voters are thinking doesn’t matter for stocks right now—it’s still far too early for markets to price in a result.
Market Misperceptions
By , The New York Times, 11/27/2007
MarketMinder's View: This article is a litmus test for investor rationality. If you find the shrill, unfounded assertions laugh-out-loud funny, you’re going to make it through this year just fine.
Sensible Stories
By , The Wall Street Journal * (subscription required), 11/27/2007
MarketMinder's View: What have Congress members got against low income individuals, and why are they trying to prevent them from owning homes?
Market Misperceptions
By , 11/27/2007
MarketMinder's View: Finger pointing—typical in any perceived financial crisis—continues. Instead of accounting firms, this time around it’s private equity firms shouldering the blame.
Sensible Stories
By , The Wall Street Journal *(subscription required), 11/27/2007
MarketMinder's View: An excellent demonstration of the perils of buying into media hype.
Sensible Stories
By , MarketWatch, 11/27/2007
MarketMinder's View: Ignore hype about banks being doomed. Banks are finding capital they need from willing investors. It’s always better to allow a free market solution than a misguided government intervention.
Market Misperceptions
By , Financial Times, 11/27/2007
MarketMinder's View: Inflation fears are downright silly when the 10-year US Treasury rate is below 4%.
Sensible Stories
By , MSNMoney.com, 11/27/2007
MarketMinder's View: We maintain the higher prices for five gold rings and eight maids a-milking are being driven by increased demand from a growing global economy.
Sensible Stories
By , The New York Times, 11/27/2007
MarketMinder's View: “Despite the ups and downs of the business cycle, the United States still possesses the most potent economy on earth.” Amen!
Market Misperceptions
By , International Business Times, 11/27/2007
MarketMinder's View: Funny, no one mentions the 4.5% drop in home prices is from all-time record highs . . .
Market Misperceptions
By , Bloomberg, 11/27/2007
MarketMinder's View: “U.S. retailers . . . may see profits erode even as customers flock to stores.” May see? As in, may not? Ignore headlines hyping dour projections on narrowly-focused data not even available yet.
Market Misperceptions
By , CNNMoney.com, 11/27/2007
MarketMinder's View: Think carefully . . . what’s happened to stocks since the last time consumer confidence hit these lows? Consumer confidence numbers are backwards looking. They tell you nothing about market direction.
Market Misperceptions
By , CNNMoney.com, 11/27/2007
MarketMinder's View: Let’s see if we can get this straight. Weak holiday spending=bad. Strong holiday spending=also bad. Santa can’t win. Ignore.
Market Misperceptions
By , Portfolio.com, 11/27/2007
MarketMinder's View: Why should hedge fund managers (or anyone who works for a living, for that matter) engage in a public opinion campaign? If you don’t like hedge funds, don’t buy into one.
Sensible Stories
By , Barron’s, 11/26/2007
MarketMinder's View: Philanthropy seeking measurable results and accountability often has the biggest impact.
Dueling Headlines
By , The Wall Street Journal, 11/26/2007
MarketMinder's View: Which is it? Our guess is many are mistaking perfectly normal market volatility for a recession indicator. Global economic fundamentals remain strong.
Sensible Stories
By , Barron’s, 11/26/2007
MarketMinder's View: LBO opportunities are still plentiful. We expect LBO, share buyback and cash merger activity to strengthen in the months ahead.
Market Misperceptions
By , Bloomberg, 11/26/2007
MarketMinder's View: More dollar doldrums hysteria. Evidence that a dollar carry trade is even happening is at this point extremely scant.
Market Misperceptions
By , Fortune via CNNMoney.com, 11/26/2007
MarketMinder's View: Conduits and SIVs are useful securities, not something to be afraid of. For more, see our past commentary, “Credit Crunch II: A Box Office Flop!” (11/06/07) for more.
Market Misperceptions
By , USA Today, 11/26/2007
MarketMinder's View: Thinking about the US economy as a line of dominoes waiting to be toppled is a misleading metaphor. The US economy is versatile, dynamic, and not dependent on any one thing for overall prosperity.
Sensible Stories
By , The Los Angeles Times, 11/26/2007
MarketMinder's View: Australia’s leadership change is worth keeping an eye on—the new administration could influence global trade and raw materials supply.
Sensible Stories
By , Barron’s, 11/26/2007
MarketMinder's View: Philanthropy seeking measurable results and accountability often has the biggest impact.
Market Misperceptions
By , USA Today, 11/26/2007
MarketMinder's View: Thinking about the US economy as a line of dominoes waiting to be toppled is a misleading metaphor. The US economy is versatile, dynamic, and not dependent on any one thing for overall prosperity.
Market Misperceptions
By , Bloomberg, 11/26/2007
MarketMinder's View: More dollar doldrums hysteria. Evidence that a dollar carry trade is even happening is at this point extremely scant.
Sensible Stories
By , The Economist, 11/26/2007
MarketMinder's View: Robust global demand for raw materials is a symptom of strong economic growth.
Sensible Stories
By , CNNMoney.com, 11/26/2007
MarketMinder's View: Record or no record, this ain’t the stuff of imploding consumer spending.
Market Misperceptions
By , Businessweek, 11/26/2007
MarketMinder's View: With folks seriously proposing a return to the gold standard, dollar worries have officially jumped the shark.
Sensible Stories
By , Barron’s, 11/26/2007
MarketMinder's View: LBO opportunities are still plentiful. We expect LBO, share buyback and cash merger activity to strengthen in the months ahead.
Market Misperceptions
By , Associated Press Writer, 11/26/2007
MarketMinder's View: We’ll go out on a limb and say inflation indicators based on Christmas carols probably aren’t all that accurate.
Market Misperceptions
By , Associated Press Writer, 11/26/2007
MarketMinder's View: We’ll go out on a limb and say inflation indicators based on Christmas carols probably aren’t all that accurate.
Market Misperceptions
By , Reuters, 11/23/2007
MarketMinder's View: By “risky” we suppose they mean anything other than federal government bonds. But we certainly agree that Investors won’t put up with measly 4% yields for long. Stocks are very attractively priced today.
Market Misperceptions
By , 11/23/2007
MarketMinder's View: See our past commentary, “Credit Crunch II: A Box Office Flop!” (11/06/07) for more.
Market Misperceptions
By , The Wall Street Journal, 11/23/2007
MarketMinder's View: Technical analysis is to Wall Street what tea leaves are to psychics—both are bogus.
Sensible Stories
By , NPR, 11/23/2007
MarketMinder's View: Average gas prices are 86 cents higher this Thanksgiving from a year ago, but that hasn’t kept more than 31 million Americans from piling into their cars and driving to holiday celebrations in near record numbers.
Sensible Stories
By , Times Online, 11/23/2007
MarketMinder's View: “The dollar is falling for good, sound reasons that do not require a millenarian view of the global economy.” - Exactly, and none of those reasons point to a weak economy.
Sensible Stories
By , The Wall Street Journal, 11/23/2007
MarketMinder's View: There are big possibilities for private equity and M&A in Japan, but the accompanying challenges are sizable too.
Market Misperceptions
By , New York Times, 11/23/2007
MarketMinder's View: On the face of it this number seems huge, taken in context of the overall market size, it’s small.
Sensible Stories
By , Bloomberg, 11/23/2007
MarketMinder's View: An excellent commentary on our increasingly global economy.
Sensible Stories
By , BBC News, 11/23/2007
MarketMinder's View: Sustained growth in one of Europe’s largest economies.
Dueling Headlines
By , CNNMoney.com, 11/23/2007
MarketMinder's View: Either way, it’s clear US consumers aren’t disappearing anytime soon.
Market Misperceptions
By , The Telegraph, 11/22/2007
MarketMinder's View: Properly scaled, recent events constitute little more than hang-over, as opposed to a major coronary event!
Sensible Stories
By , Financial Times, 11/22/2007
MarketMinder's View: Further development of the EU single market should help cut costs and red-tape.
Market Misperceptions
By , The Independent, 11/22/2007
MarketMinder's View: A strong world economy and cheap equities should not provide the backdrop to gamble on leaving the markets.
Sensible Stories
By , Financial Times, 11/22/2007
MarketMinder's View: Any agreements that cut through trade barriers are of interest and net economic benefit.
Market Misperceptions
By , Times Online, 11/22/2007
MarketMinder's View: A one-day drop in prices is probably not a reliable indicator of an economic slowdown.
Market Misperceptions
By , Kiplinger, 11/21/2007
MarketMinder's View: Dawn for the mortgage market might be delayed, but expect sunshine for the broader economy and stock market in the near future.
Sensible Stories
By , The Motley Fool, 11/21/2007
MarketMinder's View: A rare critique of the media’s frequent misinterpretation of housing data.
Market Misperceptions
By , Bits of News, 11/21/2007
MarketMinder's View: We agree government data can be wonky, but these assertions are just as suspect, if not more so.
Market Misperceptions
By , Kiplinger, 11/21/2007
MarketMinder's View: Expect a multitude of gloomy headlines about holiday shopping and US consumers in the coming weeks…and ignore them. US consumers are in good shape and retail sales are set to expand from last year.
Sensible Stories
By , The Wall Street Journal *, 11/21/2007
MarketMinder's View: “Ballerinas can retire as early as 40, thanks to a legacy of perks granted by Louis XIV to members of his Academy of Dance in 1698.” If that’s not a system in need of reform, we’re not sure what is.
Sensible Stories
By , Reuters, 11/21/2007
MarketMinder's View: High demand and crimped supply growth make for higher oil prices.
Market Misperceptions
By , Wall Street Journal, 11/21/2007
MarketMinder's View: High oil prices are not something to fear, they’ve been rising for 3 years during which we’ve seen sustained economic growth.
Sensible Stories
By , The Wall Street Journal *(subscription required), 11/21/2007
MarketMinder's View: The Wall Street Journal’s annual editorial on the Pilgrims’ journey.
Sensible Stories
By , 11/21/2007
MarketMinder's View: Diversifying consumption across energy sources should reduce the economic impact of high oil prices.
Sensible Stories
By , Reuters, 11/21/2007
MarketMinder's View: The WTO’s ruling is a blow against protectionism, and we view it as a good thing for global trade.
Sensible Stories
By , The Wall Street Journal * (subscription required), 11/21/2007
MarketMinder's View: The Wall Street Journal’s annual Thanksgiving holiday editorial.
Market Misperceptions
By , The Telegraph, 11/21/2007
MarketMinder's View: A rush that has driven the yield on a 10-year US Treasury bond below 4 per cent, making equity investment even more attractive.
Sensible Stories
By , Kudlow’s Money Politics, 11/21/2007
MarketMinder's View: A contrary opinion on corporate earnings—things aren’t as bad as they may appear.
Sensible Stories
By , Herald Sun, 11/21/2007
MarketMinder's View: Strong and sustained economic growth – good news.
Market Misperceptions
By , The Wall Street Journal, 11/20/2007
MarketMinder's View: True, M&A activity in 2008 is likely to be strong. But the idea the US will be “LBOed” is about as valid as panic that Japan was on its way to purchasing the US in the 80s.
Sensible Stories
By , The Wall Street Journal, 11/20/2007
MarketMinder's View: CEOs are concerned US regulatory and political policy toward China could ultimately hurt both economies—and investors should be mindful of the issue too.
Market Misperceptions
By , Investor’s Business Daily, 11/20/2007
MarketMinder's View: Chinese inflation, higher oil prices, and a weak dollar are all cited as inflationary pressures here in the US. Fortunately, someone forgot to tell inflation, which has been consistently benign.
Market Misperceptions
By , The Telegraph, 11/20/2007
MarketMinder's View: A two-month high hardly constitutes a ‘soar’ in rates. Short-term movements shouldn’t distract investors from the underlying fundamentals.
Sensible Stories
By , The New York Times, 11/20/2007
MarketMinder's View: It’s vital for investors to stop thinking of the US as an island and understand just how global today’s economy is.
Sensible Stories
By , The Wall Street Journal, 11/20/2007
MarketMinder's View: The U.N.’s so-called “Law of the Sea Treaty” would surrender resources to a global collective—a potentially hazardous outcome for free market economies.
Sensible Stories
By , The Wall Street Journal, 11/20/2007
MarketMinder's View: The fact that Germany’s Angela Merkel is getting little done is probably a good thing for stock markets. A do-nothing government allows economies to function freely without adjusting for constant regulatory changes.
Market Misperceptions
By , The Motley Fool, 11/20/2007
MarketMinder's View: We don’t think Sinatra would be pleased. No doubt the housing market is soft, but that doesn’t mean the aggregate economy is de facto soft too.
Sensible Stories
By , The Telegraph, 11/20/2007
MarketMinder's View: An example of the complications that can arise when political bodies interfere in free markets.
Market Misperceptions
By , TheStreet.com, 11/20/2007
MarketMinder's View: We say, party like it’s 2008! The global economy will be fine.
Market Misperceptions
By , International Business Times, 11/20/2007
MarketMinder's View: So, if 35% are planning to spend less this year, doesn’t that mean 65% are spending as much or more for the holidays? That seems fine to us.
Sensible Stories
By , Times Online, 11/20/2007
MarketMinder's View: “The credit crunch seems to be having as yet only limited impact on spending” – Not surprising, with access to money still relatively easy and rising incomes on the back of a strong economy.
Sensible Stories
By , Times Online, 11/20/2007
MarketMinder's View: Growing global markets and a reduction in trade barriers are great news and further indication of an expanding global economy.
Sensible Stories
By , Times Online, 11/19/2007
MarketMinder's View: Whilst the housing market slows, the broader economy is still growing strongly.
Market Misperceptions
By , Times Online, 11/19/2007
MarketMinder's View: A growing economy is good news.
Market Misperceptions
By , Bloomberg.com, 11/19/2007
MarketMinder's View: Why on earth would bonuses be that high? “Bankers’ record fees help explain why 2007 will prove to be the industry's second-most profitable.” Oh, that’s why.
Sensible Stories
By , BBC News, 11/19/2007
MarketMinder's View: Talk of improving access to the markets is always of interest.
Market Misperceptions
By , Forbes, 11/19/2007
MarketMinder's View: One of our favorite fear-inducing headlines to date. Credit markets today aren’t just bad, they’re not just toxic…they’re radioactive!
Sensible Stories
By , The New York Times, 11/19/2007
MarketMinder's View: Two examples of global politics affecting higher energy prices. It’s unlikely this trend will abate anytime soon.
Sensible Stories
By , Financial Times, 11/19/2007
MarketMinder's View: The headline grabbing subprime sector actually represents a tiny part of the overall financial system.
Market Misperceptions
By , The Independent, 11/19/2007
MarketMinder's View: Currency fluctuations can be highly volatile. Predicting a down-and-out dollar for all time is misguided.
Sensible Stories
By , The Wall Street Journal, 11/19/2007
MarketMinder's View: A look into the limits of energy production tied to increasing restrictions on oil fields, increasing costs, and complex geography. These factors help keep oil prices high.
Sensible Stories
By , Reuters via Yahoo! Finance, 11/19/2007
MarketMinder's View: Very well put. And remember, volatility is often a good thing (when stocks surge upward).
Market Misperceptions
By , The Telegraph, 11/19/2007
MarketMinder's View: If the global economies were so vulnerable to the cost of oil, how have they continued to grow alongside these prices?
Sensible Stories
By , US News, 11/19/2007
MarketMinder's View: Some solid myth debunking about high gasoline prices.
Sensible Stories
By , Barron’s, 11/19/2007
MarketMinder's View: Japanese stocks are very attractive today.
Sensible Stories
By , Wall Street Journal, 11/19/2007
MarketMinder's View: A reduction in costly cross-border regulation is of benefit to everyone.
Sensible Stories
By , The Wall Street Journal (*subscription required), 11/19/2007
MarketMinder's View: This is a great comparison. Most realistic estimates of subprime losses are not nearly big enough to materially damage the economy, making subprime fears more hype than reality.
Market Misperceptions
By , The Telegraph, 11/19/2007
MarketMinder's View: Sensational headlines like this are usually a good indicator to remain in the markets.
Sensible Stories
By , Forbes, 11/19/2007
MarketMinder's View: Chinese officials are denying this report. The confusion about what’s really going on underscores valid concerns about capital controls and regulation risks in Chinese markets today.
Market Misperceptions
By , MSNBC.com, 11/19/2007
MarketMinder's View: Another strange calculation almost certainly designed to terrify rather than inform.
Sensible Stories
By , Sofia News Agency, 11/16/2007
MarketMinder's View: It’s no “Down goes Frazier!” but wouldn’t you love to hear Howard Cosell yell, “Down go tax rates! Down go tax rates!”? Ok, maybe that’s just us.
Market Misperceptions
By , The Telegraph, 11/16/2007
MarketMinder's View: Good news for Scrooge, but it’s unlikely that recent events will have a major impact on spending this Christmas.
Market Misperceptions
By , 11/16/2007
MarketMinder's View: Another piece stuffed with nearly improbable worst case scenario scare tactics.
Sensible Stories
By , The Wall Street Journal, 11/16/2007
MarketMinder's View: Energy politics are a nasty game and very unfortunate. Both US and Venezuelan citizens will be long-term losers resulting from political power grabs like these.
Sensible Stories
By , The New York Times, 11/16/2007
MarketMinder's View: A worthwhile read on the path of Japanese economic development.
Market Misperceptions
By , The Economist, 11/16/2007
MarketMinder's View: One of our favorite “America is doomed” articles to date. Evoking Jaws is pure genius. (Check out the article’s accompanying graphic to see what we mean.)
Sensible Stories
By , New York Times, 11/16/2007
MarketMinder's View: Protectionism is a path to poverty – just ask North Korea.
Sensible Stories
By , 11/16/2007
MarketMinder's View: High prices at the pump haven’t deterred consumers from much of anything throughout the current economic expansion.
Sensible Stories
By , US News, 11/16/2007
MarketMinder's View: A profile of market masochists desirous of a recession and their twisted reasoning. We agree with the author: Let’s skip the recession and just keep growing.
Market Misperceptions
By , 11/16/2007
MarketMinder's View: What this headline doesn’t say is gridlock in the Senate makes this bill’s passage a fantasy until at least next year, if ever.
Market Misperceptions
By , Wall Street Journal, 11/16/2007
MarketMinder's View: Pessimistic forecasts are popular, leaving more room for economic growth to exceed expectations – this is bullish.
Sensible Stories
By , 11/16/2007
MarketMinder's View: See our past commentary, “So Goes Jay-Z” for more.
Market Misperceptions
By , The Telegraph, 11/16/2007
MarketMinder's View: “The era of 'peak gold' has arrived”. They said the same thing 28 years ago, when gold was at similar heights. We wouldn’t go smelting the family jewelry just yet.
Market Misperceptions
By , The Wall Street Journal, 11/16/2007
MarketMinder's View: Of course they are! But that doesn’t mean it’s a good reason.
Sensible Stories
By , The Wall Street Journal, 11/16/2007
MarketMinder's View: It’s a step in the direction towards slashing red tape.
Market Misperceptions
By , Money Week, 11/16/2007
MarketMinder's View: We take our hats off to the author’s attempt to sell his new book to readers—presumably the very same consumers set to “collapse.” Oh, sweet Irony!
Sensible Stories
By , The Wall Street Journal, 11/15/2007
MarketMinder's View: There are two sides to every currency story.
Market Misperceptions
By , Financial Times, 11/15/2007
MarketMinder's View: Economists have predicted twelve out of the last two slowdowns!
Market Misperceptions
By , The Telegraph, 11/15/2007
MarketMinder's View: Even central bankers suffer from fear of heights! The article also makes reference to Greenspan’s infamous “Irrational Exuberance” comment at the end of 1996, more than three years before the peak of the market. We expect this prediction to be as prescient as that one.
Sensible Stories
By , Barron’s, 11/15/2007
MarketMinder's View: The Fed’s intention to provide additional transparency on its forecasts is of minimal value.
Market Misperceptions
By , USA Today, 11/15/2007
MarketMinder's View: Classic credit crunch hype. Money Market Funds—by definition—are vastly composed of extremely short-term, highly liquid instruments.
Sensible Stories
By , Investor’s Business Daily, 11/15/2007
MarketMinder's View: Portfolio Diversification 101.
Sensible Stories
By , Financial Times, 11/15/2007
MarketMinder's View: Guess what that lifeline is? Debt!
Sensible Stories
By , Herald Sun, 11/15/2007
MarketMinder's View: Exactly – housing and credit fears are overstated and global equities look very attractive.
Market Misperceptions
By , 11/15/2007
MarketMinder's View: See yesterday’s commentary, “So Goes Jay-Z,” for more.
Sensible Stories
By , Financial Times, 11/15/2007
MarketMinder's View: Expect big infrastructure projects around the world to continue – money is cheap and the global economy continues to expand.
Sensible Stories
By , BBC News, 11/15/2007
MarketMinder's View: It’s good to put recent currency events into historical perspective.
Sensible Stories
By , CNNMoney.com, 11/15/2007
MarketMinder's View: Inflation remains benign.
Sensible Stories
By , The Wall Street Journal, 11/14/2007
MarketMinder's View: “Capitalism is about risk-taking, and risk-taking implies unhappy endings as well as happy endings.” Exactly.
Sensible Stories
By , Investor’s Business Daily, 11/14/2007
MarketMinder's View: What happened to the credit crunch we’re all supposed to be panicking over?
Market Misperceptions
By , Forbes, 11/14/2007
MarketMinder's View: Highly unlikely. Headlines like these reveal just how overblown the financial scare is right now.
Market Misperceptions
By , Herald Sun, 11/14/2007
MarketMinder's View: “Low unemployment is in danger of producing its dangerous economic twin, high wages.” Oh no – more people working and getting paid more! The horror! Aren’t these the types of “problems” that everyone wants?
Market Misperceptions
By , The Wall Street Journal, 11/14/2007
MarketMinder's View: Here’s a novel idea, why not solve the problem by extricating politicians from the energy market altogether!?
Sensible Stories
By , The Associated Press via ABC News, 11/14/2007
MarketMinder's View: We don’t think Fed action is nearly as vital to the market as many, but it’s still important to understand what they’re up to.
Market Misperceptions
By , International Business Times, 11/14/2007
MarketMinder's View: Really? You mean folks don’t actually want to pay more for a lesser value?
Sensible Stories
By , CNNMoney.com, 11/14/2007
MarketMinder's View: Hmmm….this doesn’t seem consistent with a housing market supposedly imploding.
Market Misperceptions
By , Fortune via CNNMoney.com, 11/14/2007
MarketMinder's View: This is not even close to an apt comparison, but it is a great indication of how dour folks are today.
Sensible Stories
By , The New York Times, 11/14/2007
MarketMinder's View: More than ever, it’s a gridlocked federal government accomplishing little—very bullish for stocks.
Market Misperceptions
By , CNNMoney.com, 11/14/2007
MarketMinder's View: This is a really strange headline considering the data show consumer spending growth in line with expectations.
Sensible Stories
By , Kiplinger, 11/14/2007
MarketMinder's View: What a great problem for the economy to have! This ain’t the stuff of recessions.
Market Misperceptions
By , The Associated Press via ABC News, 11/14/2007
MarketMinder's View: These are misleading statistics. It’s worth understanding “foreclosure filings” are not the same as foreclosures. A single property can receive multiple foreclosure filings and never actually be foreclosed on—that happens fairly frequently as a matter of fact.
Market Misperceptions
By , The Telegraph, 11/14/2007
MarketMinder's View: See the above story of interest “Losing Money is a Crime” for how this is a part of capitalism and not something to fear.
Sensible Stories
By , Financial Times, 11/14/2007
MarketMinder's View: We’re always wary of calling anything "the new world,” especially since energy demand has been high over the past few years. But in this booming global economy, energy demand should remain strong.
Sensible Stories
By , The Wall Street Journal, 11/14/2007
MarketMinder's View: Maybe it is voluntary – at least some taxes?
Market Misperceptions
By , BBC News, 11/14/2007
MarketMinder's View: Central planning is a market’s worst nightmare and tends to exacerbate problems.
Market Misperceptions
By , Globe and Mail, 11/13/2007
MarketMinder's View: Headlines like this one are written to grab your attention and scare you, but focusing on one-day moves, whether in currencies or the broad equity markets, is a recipe for disaster.
Sensible Stories
By , Forbes, 11/13/2007
MarketMinder's View: Fear is a beautiful thing for savvy stock investors.
Market Misperceptions
By , MSNBC.com, 11/13/2007
MarketMinder's View: At this rate, it’s just a matter of time before someone blames the credit crunch for global warming, Ebola, and killer bee migration.
Sensible Stories
By , The Wall Street Journal *, 11/13/2007
MarketMinder's View: A contrary—and smart—view of the factors driving today’s healthcare industry.
Market Misperceptions
By , BBC News, 11/13/2007
MarketMinder's View: This “carnage” may seem large in absolute terms but it is only a small percentage of an otherwise strong US economy.
Sensible Stories
By , The Wall Street Journal, 11/13/2007
MarketMinder's View: The global economy just keeps going and going and going...
Sensible Stories
By , National Post, 11/13/2007
MarketMinder's View: Most people only associate private equity with large buyouts (that make headlines) and forget about the small and mid-market takeovers, which remain quite strong despite the dire headlines.
Sensible Stories
By , The Wall Street Journal, 11/13/2007
MarketMinder's View: A tremendous example of capital markets development and evidence of a dynamic US financial infrastructure.
Market Misperceptions
By , MSNBC.com, 11/13/2007
MarketMinder's View: Extrapolating today’s credit worries to the entire economy simply doesn’t add up. Third quarter earnings outside financials were a boondoggle, and GDP surged.
Sensible Stories
By , CNNMoney.com via Yahoo! Finance, 11/13/2007
MarketMinder's View: Disproving the myth that older investors should put more money into bonds.
Sensible Stories
By , The Wall Street Journal, 11/13/2007
MarketMinder's View: “We should worry about the people who use inequality as a political club to promote policies that reduce opportunity.” Well said.
Market Misperceptions
By , Barron’s, 11/13/2007
MarketMinder's View: Ignore technical analysis—it tells you nothing about future performance.
Market Misperceptions
By , Marketwatch, 11/13/2007
MarketMinder's View: More unfounded recession talk. Today’s economic data indicates strength and stability.
Sensible Stories
By , MSNBC.com, 11/13/2007
MarketMinder's View: People are living longer, more active lives and need to plan their investments around a long time horizon. See the recent opinion piece, “New (Time) Horizons” for more on this topic.
Sensible Stories
By , BBC News, 11/13/2007
MarketMinder's View: Everyone.
Sensible Stories
By , Foreign Policy, 11/13/2007
MarketMinder's View: Outstanding! Print it out, memorize it, and sleep with it under your pillow!
Market Misperceptions
By , The Wall Street Journal, 11/13/2007
MarketMinder's View: Instead of the government “watching” the banks, we’d rather see more folks “watching” the government.
Sensible Stories
By , Financial Times, 11/12/2007
MarketMinder's View: “A protectionist response that seeks to restrict investments by these new actors in the global economy, or subject their activities to cumbersome vetting processes, is clearly not the right response.” It certainly is not.
Market Misperceptions
By , Times Online, 11/12/2007
MarketMinder's View: We’ve heard this since oil was $40 per barrel – ignore.
Sensible Stories
By , The Telegraph, 11/12/2007
MarketMinder's View: They’re probably thinking to themselves, what crisis?
Market Misperceptions
By , Financial Times, 11/12/2007
MarketMinder's View: The downfall of the US consumer has been incorrectly forecast too many times to count.
Market Misperceptions
By , NPR.org, 11/12/2007
MarketMinder's View: See our past commentary, “Dour as it Gets” (11/7/07) for more.
Market Misperceptions
By , International Business Times, 11/12/2007
MarketMinder's View: We will not be happy if season 4 of “Lost” is delayed by these strikes. Not happy at all.
Market Misperceptions
By , Barron’s, 11/12/2007
MarketMinder's View: At first we thought he was joking; but this is all too serious.
Sensible Stories
By , Briefing.com, 11/12/2007
MarketMinder's View: A balanced account of today’s market action—though we believe an even more optimistic view is warranted.
Sensible Stories
By , MSNBC.com, 11/12/2007
MarketMinder's View: From the perspective of a globally diversified investor, this makes perfect sense—today’s economy is more a global thing than a country thing. Capitalism doesn’t care about borders.
Market Misperceptions
By , The New York Times, 11/12/2007
MarketMinder's View: More undue pessimism. The US economy has been just fine the last hundred years without Superman’s help anyway.
Sensible Stories
By , The Wall Street Journal, 11/12/2007
MarketMinder's View: Market distortions created by ethanol mandates are finally being recognized in Congress, but apparently not in California. Two smart pieces on the dangers of undue market regulation by the editorial staff of the Wall Street Journal.
Market Misperceptions
By , The Sydney Morning Herald, 11/12/2007
MarketMinder's View: How dare they. The 80s were fun.
Market Misperceptions
By , Bloomberg, 11/12/2007
MarketMinder's View: And while we’re on the topic of 80s nostalgia, we think this headline would be better if it said the economy is on the “Highway to the Danger Zone.” But that’s just us. In truth, we’re not worried. As a percentage of personal income or the US economy, oil costs are not at historic highs.
Sensible Stories
By , Chicago Sun Times, 11/12/2007
MarketMinder's View: Timing the market for short-term moves is too difficult and fraught with peril—stick to a disciplined strategy that captures the big moves (true bull and bear markets), and leave the small moves to the gamblers.
Sensible Stories
By , Bloomberg.com, 11/12/2007
MarketMinder's View: This fact will eventually smack the bears in the face: 2007 is set to be the second best year EVER for Wall Street earnings. And 2008 ain’t looking too shabby either.
Sensible Stories
By , Newsweek, 11/12/2007
MarketMinder's View: “Everyone should remember the witticism that the stock market has predicted nine of the last three recessions.”
Sensible Stories
By , The Wall Street Journal, 11/12/2007
MarketMinder's View: Hold the phones – a government program might be a bit too expensive? This must be the first time in history!
Sensible Stories
By , The Associated Press via Newsvine, 11/09/2007
MarketMinder's View: China has implied it will not sacrifice economic growth in favor of legislation to protect the environment. This will significantly impact competitiveness between developed nations should they enact such laws.
Market Misperceptions
By , The Australian, 11/09/2007
MarketMinder's View: This is almost exactly wrong. See yesterday’s commentary, “The Secret Testimony of Big Ben,” for more.
Sensible Stories
By , The Wall Street Journal, 11/09/2007
MarketMinder's View: Great reading – lower taxes are a beautiful thing.
Sensible Stories
By , BBC News, 11/09/2007
MarketMinder's View: Nothing like high oil prices to increase exploration.
Market Misperceptions
By , Financial Times, 11/09/2007
MarketMinder's View: Fortunately, total wealth for a society is not some fixed amount. Simply because people move between income quartiles doesn’t mean their absolute standard of living hasn’t improved.
Market Misperceptions
By , Marketwatch, 11/09/2007
MarketMinder's View: The last time sentiment was this low (near the start of the Iraq war in early 2003) the current bull market began.
Sensible Stories
By , Kudlow’s Money Politic$, 11/09/2007
MarketMinder's View: Agreed.
Market Misperceptions
By , Investor’s Business Daily, 11/09/2007
MarketMinder's View: Capping the upside on the stocks you own? That’s a passable investment strategy? Who comes up with this stuff?
Sensible Stories
By , Herald Sun, 11/09/2007
MarketMinder's View: Which one are you? Either way, our brains haven’t evolved to a level where interpreting capital markets information is easy.
Sensible Stories
By , The Wall Street Journal, 11/09/2007
MarketMinder's View: Wonderful to see the EU catching on to the Laffer Curve.
Market Misperceptions
By , MSNBC, 11/09/2007
MarketMinder's View: Ho-hum. We’ve seen this same old worry for years now—all during a bull market.
Sensible Stories
By , Kiplinger’s, 11/09/2007
MarketMinder's View: This just makes too much sense.
Sensible Stories
By , US News, 11/09/2007
MarketMinder's View: This is spot on.
Sensible Stories
By , Forbes, 11/09/2007
MarketMinder's View: Yes, but we’d say undue pessimism pervades the entire stock market, not just European banks today.
Market Misperceptions
By , Bloomberg, 11/09/2007
MarketMinder's View: While we advise ignoring the dollar altogether when considering stock investments, this is a well-reasoned and level-headed perspective worth reading.
Market Misperceptions
By , MSN Moneyblog, 11/09/2007
MarketMinder's View: Great! (But why is this being published now? The US economy is chugging along just fine.)
Sensible Stories
By , CNN Money, 11/09/2007
MarketMinder's View: If it sounds too good to be true, it probably is.
Market Misperceptions
By , The Wall Street Journal, 11/09/2007
MarketMinder's View: This is a poor perspective—in truth, “risky” debt is still around normal historical averages.
Sensible Stories
By , MSNBC, 11/09/2007
MarketMinder's View: The US trade deficit makes no difference for stocks, but it’s worth highlighting the benefits of a weak dollar.
Sensible Stories
By , The Motley Fool, 11/09/2007
MarketMinder's View: This piece pokes fun at today’s Chicken Little sentiment. Now’s a great time to own stocks.
Market Misperceptions
By , BBC News, 11/08/2007
MarketMinder's View: And 65% of that is made up of taxes! Think of your local government official next time you’re at the pump.
Sensible Stories
By , The New York Times, 11/08/2007
MarketMinder's View: Precisely! The data show a growing, healthy economy despite today’s renewed credit fears.
Sensible Stories
By , National Post, 11/08/2007
MarketMinder's View: Here is an article that doesn’t fit with the seemingly endless stream of negativity surrounding the US economy.
Sensible Stories
By , Kiplinger, 11/08/2007
MarketMinder's View: A reminder that Emerging Markets—while they’re a great place to be invested today—are extremely volatile and investors must should always properly diversify.
Sensible Stories
By , The New York Times, 11/08/2007
MarketMinder's View: We expect merger-mania to return to big levels in the coming months. Clearly, corporations are still willing to make big deals and access plentiful liquidity.
Sensible Stories
By , Herald Sun, 11/08/2007
MarketMinder's View: Why interest rate increases are a result of a booming economy down under.
Market Misperceptions
By , 11/08/2007
MarketMinder's View: Considering personal income and net worth are up nicely this year, this perspective is downright perverse.
Market Misperceptions
By , Reuters, 11/08/2007
MarketMinder's View: We are completely mystified by those who believe a US recession is completely inevitable in the near future.
Market Misperceptions
By , Fortune via CNNMoney.com, 11/08/2007
MarketMinder's View: See our past commentary, “Credit Crunch II: A Box Office Flop!” for more.
Market Misperceptions
By , The Wall Street Journal, 11/08/2007
MarketMinder's View: Actually, this is right on the money: “Anxiety” says it all. (Note: Anxiety doesn’t necessarily mean reality).
Market Misperceptions
By , The Telegraph, 11/08/2007
MarketMinder's View: Investors in gold from the 1970s rejoice as they’re just now breaking even!
Market Misperceptions
By , US News, 11/08/2007
MarketMinder's View: California has an uphill economic battle ahead of it because: A) The state’s massive tax burden it places on corporations B) The heavy tax burden placed on individuals C) Legislators run wild with economically corrosive social agendas D) All of the above. (D is the correct answer.)
Market Misperceptions
By , Boston Globe, 11/08/2007
MarketMinder's View: Yawn. What else is new? This was a provocative story in 2004, but doesn’t hold much surprise power for markets today.
Dueling Headlines
By , International Business Times, 11/08/2007
MarketMinder's View: The media pretty much hears what it wants to when big Ben speaks.
Sensible Stories
By , The Wall Street Journal, 11/08/2007
MarketMinder's View: One clear takeaway from Tuesday’s elections (yes, elections were actually held this week!) is voters remain broadly skeptical of new government initiatives and higher taxes—a very good thing for markets.
Market Misperceptions
By , The New York Times, 11/08/2007
MarketMinder's View: Never mind that US personal income and net worth continue to grow, we absolutely MUST be headed for recession if housing prices aren’t rising, right!? (Wrong!)
Sensible Stories
By , Times Online, 11/08/2007
MarketMinder's View: Cutting back on expensive bureaucracy is good news for businesses and the markets.
Sensible Stories
By , New York Post, 11/08/2007
MarketMinder's View: Free trade is great – read on.
Market Misperceptions
By , Reuters, 11/07/2007
MarketMinder's View: Goodness gracious folks are dour today. It’s a good thing pessimism is a boon for bull markets!
Sensible Stories
By , Herald Sun, 11/07/2007
MarketMinder's View: Why the big infrastructure projects? A booming global economy.
Market Misperceptions
By , The Wall Street Journal, 11/07/2007
MarketMinder's View: What an insight! Rising oil prices will lead to higher gas prices! Our response: So what?
Market Misperceptions
By , Reuters, 11/07/2007
MarketMinder's View: “Grim” implies death, right? Is anyone really expecting the death of Financials firms or the US economy? Of course not. This is more absurd sensationalism.
Sensible Stories
By , Bloomberg.com, 11/07/2007
MarketMinder's View: See yesterday’s MarketMinder commentary, “Credit Crunch II: A Box Office Flop!” for more on investor irrationality.
Market Misperceptions
By , Washington Post, 11/07/2007
MarketMinder's View: With all due respect, Mr. Samuelson is talking about the virtues of something that doesn’t currently exist.
Market Misperceptions
By , The New Zealand Herald, 11/07/2007
MarketMinder's View: In other words, gold as an investment is reaching break even after 28 years. Regardless of gold being a poor long term investment, it has tended to correlate with the stock market in recent years – see our “Gold Digging” commentary from April, not much has changed
Market Misperceptions
By , The Wall Street Journal, 11/07/2007
MarketMinder's View: “Now it might be time to start worrying about a more-remote threat: shaky corporate debt.” You can’t make this stuff up. Sentiment is far from euphoric levels and the economy remains strong – very bullish.
Market Misperceptions
By , NPR, 11/07/2007
MarketMinder's View: Forgive us if we don’t shed a tear—Wall Street is a boom/bust game, and if you want to play with the big boys you’ve got to take your lumps sometimes.
Market Misperceptions
By , The Wall Street Journal, 11/07/2007
MarketMinder's View: This is ponderous. Corporate balance sheets are in aggregate cash rich and in historically tremendous shape—where exactly are the defaults going to come from?
Market Misperceptions
By , The Associated Press via The Washington Post, 11/07/2007
MarketMinder's View: Say it with us: Stocks and currency movements are NOT meaningfully correlated. Period.
Sensible Stories
By , MSNBC.com, 11/07/2007
MarketMinder's View: Consolidation in the market exchange arena continues.
Sensible Stories
By , Reuters, 11/07/2007
MarketMinder's View: Yes, exactly! Except, we don’t think anything is “implied” at all—it’s a fact that productivity has been high and inflation low through the duration of the bull market.
Market Misperceptions
By , Bloomberg, 11/07/2007
MarketMinder's View: Our ridiculous story of the week. We wouldn’t have bet on it ourselves, but apparently you actually CAN make money from pig waste.
Market Misperceptions
By , Times Online, 11/07/2007
MarketMinder's View: Deteriorating economy? No – the economy looks quite strong.
Market Misperceptions
By , The Associated Press via Newsvine, 11/07/2007
MarketMinder's View: Other obvious headlines today included, “The sun rose in the east,” and “Coffee: A great way to kick-start your day!”
Sensible Stories
By , The Wall Street Journal, 11/07/2007
MarketMinder's View: Freer markets will benefit Chinese investors – and everyone else.
Market Misperceptions
By , the Wall Street Journal, 11/07/2007
MarketMinder's View: This is downright chilling. New anti-arbitration legislation (read: pro-lawyer/pro-class action) is making progress in Congress. One bill would prohibit voluntary agreement to arbitration, and RETROACTIVELY rewrite existing private contracts. There is slim chance this will pass, but that it’s even being entertained is bad.
Market Misperceptions
By , The New York Times, 11/06/2007
MarketMinder's View: Lenders are quickly replacing the tax man as the most despised profession of all!
Sensible Stories
By , The Wall Street Journal, 11/06/2007
MarketMinder's View: Leave it to politicians to make a tough situation even worse by decreasing access to credit.
Sensible Stories
By , The Economist, 11/06/2007
MarketMinder's View: A good overview of emerging markets today.
Sensible Stories
By , The New York times, 11/06/2007
MarketMinder's View: Understanding how folks rationalize their often irrational behavior provides important clues to market behavior as well.
Sensible Stories
By , Financial Times, 11/06/2007
MarketMinder's View: A different take on sovereign wealth funds.
Market Misperceptions
By , CNNMoney.com, 11/06/2007
MarketMinder's View: With all due respect to the Maestro, his opinions simply don’t bear much market relevance any longer.
Sensible Stories
By , The Wall Street Journal, 11/06/2007
MarketMinder's View: A hasty Congressional regulatory response to subprime could materially reduce the availability of credit to lower-income families—not good.
Market Misperceptions
By , Reuters via Yahoo News, 11/06/2007
MarketMinder's View: The vast majority of economists and pundits see pain ahead for the US economy. But what about all the other times they predicted the same during this five year bull market? (The lesson? Don’t put too much credence in these guys.)
Market Misperceptions
By , Times Online, 11/06/2007
MarketMinder's View: Isn’t it ironic that the developing world sees access to credit as a way to end poverty and the US Congress seems determined to cut off access to credit for the poor?
Market Misperceptions
By , the New York Times, 11/06/2007
MarketMinder's View: Don’t expect this practice to proliferate. It’s silly. We’re all for contingency planning, but why would a company pigeon-hole themselves by announcing a back-up CEO? Wouldn’t you rather have the flexibility to hire the most qualified person when the need arises?
Sensible Stories
By , US News, 11/06/2007
MarketMinder's View: Neither. 2008 will be like 2008. Understanding market history can provide important insights to investors, but don’t let it strong-arm you into portfolio decisions.
Sensible Stories
By , The Wall Street Journal, 11/06/2007
MarketMinder's View: Exactly! See yesterday’s commentary, “China’s Fabulous Moolah,” for more.
Sensible Stories
By , Reuters, 11/06/2007
MarketMinder's View: This is great news! High demand for energy means a thriving economy!
Market Misperceptions
By , Barron’s, 11/06/2007
MarketMinder's View: Huh? This piece—which loosely blames the Fed for today’s tight credit conditions—doesn’t make a lot of sense. Lending rates are still below historical averages today!
Sensible Stories
By , The Wall Street Journal, 11/06/2007
MarketMinder's View: The major central banks of the world are highly sophisticated, developed and able to react quickly to market problems. Good times!
Market Misperceptions
By , The Telegraph, 11/06/2007
MarketMinder's View: A failure to scale the size of the sub-prime market is fanning the bearish flames.
Sensible Stories
By , Times Online, 11/06/2007
MarketMinder's View: Despite the pessimism and financial losses, the economy remains buoyant.
Sensible Stories
By , Bloomberg, 11/05/2007
MarketMinder's View: Good economic news continues to pour in despite investor jitters.
Sensible Stories
By , Forbes, 11/05/2007
MarketMinder's View: The ability to consistently innovate is a pivotal strategic attribute for any company; it’s particularly important for good investing.
Market Misperceptions
By , The Observer, 11/05/2007
MarketMinder's View: See our past commentary, “Metaxic Imbalance” (10/31/07) for more.
Sensible Stories
By , The Business, 11/05/2007
MarketMinder's View: “The way they [tax havens] lead the global wealth rankings is testament to the power of lower taxes to raise overall living standards.” Indeed.
Sensible Stories
By , National Post, 11/05/2007
MarketMinder's View: By lowering the level of taxation on business, you create the incentive to have more of it. No wonder high-tax nations tend to have lower employment.
Market Misperceptions
By , TheStreet.com, 11/05/2007
MarketMinder's View: Put subprime and asset write-downs into context: Billions of dollars relative to annual US economy of over $13 trillion—small potatoes. Meanwhile, unemployment is low, GDP is surging past expectations, and stocks are still up nicely this year.
Market Misperceptions
By , The Telegraph, 11/05/2007
MarketMinder's View: We’ll go out on a limb and say that higher caviar prices aren’t a sign of economic weakness or coming peril.
Sensible Stories
By , The New York Times, 11/05/2007
MarketMinder's View: Precisely! Government regulation often causes more harm than good. Sarbanes Oxley is just one of countless examples.
Market Misperceptions
By , Bloomberg.com, 11/05/2007
MarketMinder's View: Currency performance and stock market performance are not correlated—continue to ignore such stories.
Market Misperceptions
By , Bloomberg, 11/05/2007
MarketMinder's View: Impressive, but doesn’t tell us much of anything about where the broader stock market is headed.
Sensible Stories
By , CNNMoney.com, 11/05/2007
MarketMinder's View: The “squeaky wheel gets the grease” approach to capital markets regulation is a bad idea. Those who took on greater risk must face greater consequences should their investments go awry.
Sensible Stories
By , Bloomberg, 11/05/2007
MarketMinder's View: A great example of an industry streamlining itself by market forces, not government intervention.
Sensible Stories
By , The Wall Street Journal, 11/05/2007
MarketMinder's View: Folks often ask why CEOs make so much…here’s why.
Market Misperceptions
By , Times Online, 11/05/2007
MarketMinder's View: While everyone else is waiting, we’ll just enjoy a very attractive equity market.
Market Misperceptions
By , 11/05/2007
MarketMinder's View: See our past commentary, “The Exorcist” (10/29/07) for more.
Sensible Stories
By , The New York Times, 11/05/2007
MarketMinder's View: An insightful look at the US healthcare system and its problems.
Market Misperceptions
By , Bloomberg, 11/05/2007
MarketMinder's View: Look, we can’t tell you what to do…but if it were us, we wouldn’t take investing advice from a supermodel. But that’s just us.
Sensible Stories
By , BBC News, 11/02/2007
MarketMinder's View: The efficient way of “saving” – investing!
Market Misperceptions
By , The Wall Street Journal, 11/02/2007
MarketMinder's View: If by fresh they mean stale, then yes, it’s fresh. This is the same old credit worry we’ve heard about since 2006.
Market Misperceptions
By , The Wall Street Journal, 11/02/2007
MarketMinder's View: This is breathtaking in its sensational pessimism. See yesterday’s commentary, “Lumpy, Bumpy Bulls,” for more.
Market Misperceptions
By , CNNMoney.com, 11/02/2007
MarketMinder's View: How silly—pundits have said this for years now. See our past commentary, “Metaxic Imablance,” for more.
Market Misperceptions
By , Times Online, 11/02/2007
MarketMinder's View: Levels not seen since the mid-1990s – and remember the huge bear market that ensued? Did we say bear – we meant bull.
Sensible Stories
By , The Wall Street Journal *, 11/02/2007
MarketMinder's View: Congress could more than double fees on worker visas, likely forcing more jobs overseas rather than bringing workers here. Closed borders and undue protectionism are very bad things for an economy.
Market Misperceptions
By , Times Online, 11/02/2007
MarketMinder's View: More like a perfect storm of fear that is great for markets.
Market Misperceptions
By , TCS Daily, 11/02/2007
MarketMinder's View: Here’s a fun one illustrating how government intervention often makes things worse than before—including denying schoolchildren a birthday cupcake.
Market Misperceptions
By , The Telegraph, 11/02/2007
MarketMinder's View: Don’t focus on one-day price movements when making investment decisions.
Market Misperceptions
By , CNNMoney.com, 11/02/2007
MarketMinder's View: Folks should be jumping for joy reading this. $10 billion!? That’s it? The US is a $13 trillion dollar economy! $10 billion is peanuts.
Sensible Stories
By , Bloomberg.com, 11/02/2007
MarketMinder's View: Strong economic data continues to flow in despite unrelenting investor worries.
Market Misperceptions
By , Bloomberg, 11/02/2007
MarketMinder's View: Our ridiculous story of the week. This might just be the most creative reasoning to be dour on the global economy we’ve seen.
Sensible Stories
By , the Associated Press via Newsvine, 11/02/2007
MarketMinder's View: The damaging result of price caps. Why not let a free market decide prices and quantities?
Sensible Stories
By , US News, 11/02/2007
MarketMinder's View: It’s a beautiful world out there and a great time to own stocks—all you need is the right perspective.
Sensible Stories
By , BBC News, 11/02/2007
MarketMinder's View: Amidst the doom and gloom of the financial press, there is still some economic sunshine to be found.
Sensible Stories
By , Financial Times, 11/02/2007
MarketMinder's View: Indeed – Asian, as well as global, economic growth should continue to be quite strong.
Sensible Stories
By , Kudlow’s Money Politic$, 11/01/2007
MarketMinder's View: “Don’t look now, but we’re in the middle of an economic boom.” Yes we are.
Market Misperceptions
By , 11/01/2007
MarketMinder's View: Oil prices and stock market movements are not correlated. It’s bullish folks still fret over this false fear.
Sensible Stories
By , NPR, 11/01/2007
MarketMinder's View: High energy demand is a sign the economy is strong: “In the past, the oil shocks were caused by a lack of supply — the OPEC embargo in 1973, the Iranian revolution in 1979, the Iran-Iraq war in 1980. Today, prices are soaring because of increased demand.”
Sensible Stories
By , US News, 11/01/2007
MarketMinder's View: Brings a tear to our eyes.
Sensible Stories
By , Reuters, 11/01/2007
MarketMinder's View: Positive economic news continues to roll in despite today’s overly dour sentiment.
Sensible Stories
By , Bloomberg.com, 11/01/2007
MarketMinder's View: With all the negative press these funds have received, it’s refreshing to read something like this.
Sensible Stories
By , The Wall Street Journal *, 11/01/2007
MarketMinder's View: Efforts to curb global warming come at a high human and economic cost, and often fail to provide significant benefit to the environment.
Market Misperceptions
By , The New York Times, 11/01/2007
MarketMinder's View: Let us try and follow this thinking – too much growth leads to higher oil prices which leads to slower growth. But wouldn’t that mean lower oil prices and then higher growth? All this is making us dizzy. The reality is that high oil prices are a symptom of economic growth, not a hurdle to economic growth.
Market Misperceptions
By , International Business Times, 11/01/2007
MarketMinder's View: Auto sales have been weak going on about five years now. Clearly, they haven’t sunk the stock market or economy.
Sensible Stories
By , The Telegraph, 11/01/2007
MarketMinder's View: In praise of supermarkets!
Market Misperceptions
By , Reuters, 11/01/2007
MarketMinder's View: If the US economy tanks? Huh? We’d say a 3.9% increase in third quarter GDP more than confirms the US economy is healthy. In fact, much of the growth is due to surging US exports throughout the globe—we’re not a China-centric economy.
Market Misperceptions
By , CNNMoney.com, 11/01/2007
MarketMinder's View: Look for more finger-pointing in the wake of the credit “meltdown.” See our past commentary, “The Exorcist,” for more.
Market Misperceptions
By , 11/01/2007
MarketMinder's View: First, one month of data tells us next to nothing. Second, note economic growth was robust during the period in spite of it.
Market Misperceptions
By , Kiplinger, 11/01/2007
MarketMinder's View: Unless Bernanke begins an aggressive new policy one way or the other, it’s generally best to generally ignore small Fed policy moves like yesterday’s.
Market Misperceptions
By , The Wall Street Journal, 11/01/2007
MarketMinder's View: We’re going to start blaming everything on the credit crunch. It’s getting colder in November – must be that darn credit crunch
Sensible Stories
By , The Wall Street Journal * (site requires registration), 11/01/2007
MarketMinder's View: Precisely! High interest credit is better for the poor than no credit at all.
Market Misperceptions
By , Financial Times, 11/01/2007
MarketMinder's View: Don’t count on us popping the champagne for more inefficient use of capital.
Market Misperceptions
By , Barron’s, 11/01/2007
MarketMinder's View: Further Fed cuts are needed to cushion the economy? Really? The economy that just grew 3.9% during the so-called “credit crunch?” We don’t get it.
Sensible Stories
By , The Wall Street Journal, 11/01/2007
MarketMinder's View: Decreasing the free flow of capital is a negative thing.