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Market Misperceptions
By , Business Insider, 11/30/2010
MarketMinder's View:
Seriously? We fail to see how putting people who provide the market with capital in jail does anything positive. Punishing bankers won’t solve anything—many factors contributed to the financial crisis and economic downturn. Plus, the economy is already recovering—even with bankers running footloose and fancy-free.
Market Misperceptions
By , Associated Press, 11/30/2010
MarketMinder's View:
Actually, firms spending money is a major driver of the economy, and that is happening healthily. Unemployment is indeed terrible for the unemployed, but there’s no evidence unemployment benefits are a major driver of economic growth.
Sensible Stories
By , Carpe Diem, 11/30/2010
MarketMinder's View: Still more evidence a recovery is well underway.
Sensible Stories
By , Bloomberg, 11/30/2010
MarketMinder's View: “Businesses in the US expanded at a faster pace than forecast in November, signaling the world’s largest economy was speeding up heading into 2011.” Yep—the US (and global) economy is recovering quite nicely.
Sensible Stories
By , International Business Times, 11/30/2010
MarketMinder's View: Combined with Black Friday and Thanksgiving weekend sales, Cyber Monday is further proof consumers are alive and healthy—and spending! See today’s cover story, “Black Friday Not So Bleak,” for more.
Market Misperceptions
By , USA Today, 11/30/2010
MarketMinder's View:
It’s very nice that consumers feel more confident, and that’s to be expected since stocks have overall been rising over the last five months. But consumer confidence surveys are notoriously poor forward-looking indicators—they are coincident at best.
Market Misperceptions
By , Bloomberg, 11/30/2010
MarketMinder's View:
Slow growth is still growth—and while Canada may be growing slowly, other economies are growing faster than expected. Recoveries don’t always happen in lockstep, and that’s perfectly normal.
Sensible Stories
By , Daily Finance, 11/30/2010
MarketMinder's View: Looks like TARP wound up being less damaging than originally expected—and may have been even less so if it was used for only financial firms, rather than every failing company in the US (namely auto makers). For more, see our 01/15/2010 cover story, “Taxing TARP.”
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: This is worth paying attention to—future bailouts, if needed beyond 2013, could come with more strings attached for investors. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Market Misperceptions
By , The Telegraph, 11/29/2010
MarketMinder's View:
“Desperate moments call for desperate measures.” Typically, yes, they do, but keep in mind there is already a massive bailout in place for exactly this situation.
Market Misperceptions
By , The Wall Street Journal via Yahoo Finance , 11/29/2010
MarketMinder's View:
We’d say the past 20 months are a bull market in stocks, not “a bull market in fear.” For years, folks have followed investment theories tied to the VIX—and now is no different. The VIX however, is a broken, backward-looking market indicator.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: The infamous “Black Friday” kicked off the holiday season with a bang, proving consumers are out there doing what they do best—consuming!
Market Misperceptions
By , Daily Finance, 11/29/2010
MarketMinder's View:
What better reasons are needed than the positive and improving economic data out there? Recovery is well underway and now is the time to be invested in stocks. When others are leery, take that cue and dive in. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: Debt can be healthy and isn’t the ultimate demise. Today, US debt is still well within manageable levels. Additionally, fiscal stimulus globally provided a tailwind for growth in a time of need—it’s not just a Band-Aid covering current woes.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: Texas region manufacturing activity was up in November for the third straight month. Not too shabby.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: We’re not big on the predictive power of surveys, but it’s interesting that, in spite of continued media attention on sovereign debt issues, eurozone confidence has continued to inch up steadily over the past six months.
Sensible Stories
By , Calculated Risk, 11/29/2010
MarketMinder's View: Here’s a laundry list of items that shouldn’t go unnoticed. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , The New York Times, 11/29/2010
MarketMinder's View:
Five consecutive quarters of economic growth don’t seem to indicate the need for “creative fix-its.” We agree that consumer spending (or any one thing for that matter) can’t cure all ills, but gains in consumer spending added to myriad other growing aspects of the economy (like business spending and global trade) are certainly a step in the right direction.
Sensible Stories
By , Associated Press, 11/26/2010
MarketMinder's View: While the weakest EU members have proven vulnerable, it’s unlikely a debt contagion spreads throughout Europe or beyond.
Sensible Stories
By , The Wall Street Journal, 11/26/2010
MarketMinder's View: “Higher taxes discourage the ‘animal spirits’ of entrepreneurship…. Lower taxes increase the incentives to work, produce, save and invest, thereby encouraging capital formation and jobs.” Yep.
Market Misperceptions
By , CNN Money, 11/26/2010
MarketMinder's View:
Sure, too much debt isn’t great. But our interest costs are still within normal levels. And as we’ve said before, historically, the US has seen higher debt relative to GDP—and we still had robust growth! See our 06/10/2010 cover story, “Debunking Debt Concerns,” for more.
Sensible Stories
By , Reuters, 11/26/2010
MarketMinder's View: A eurozone breakup isn’t likely anytime soon. Still, it’s good to keep an eye on developments in the area—but as this article highlights, there’s little agreement as to what will happen to the euro.
Sensible Stories
By , Daily Finance, 11/26/2010
MarketMinder's View: True, the global economy may not have fully recovered just yet, but good news abounds—and we definitely do have much to be thankful for this past year. For more, see today’s cover story, “A Round of Thanks.”
Market Misperceptions
By , Daily Finance, 11/26/2010
MarketMinder's View: Stock market technical analysis is useful—for stock market historians. Technical charts and the like tell little about stocks’ future movements—all they can do is tell us what happened in the past. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , The Motley Fool, 11/26/2010
MarketMinder's View: We’re puzzled how anyone can see widespread irrational exuberance in the market today. If anything, investors remain quite cautious, if not outright pessimistic. Maybe the author forgets what turn-of-the-century irrational exuberance was really like or that the phrase was coined years before the bull market ended.
Market Misperceptions
By , The New York Times, 11/24/2010
MarketMinder's View:
This is just more fear mongering (from a source with a dubious track record). Ignore the sensationalized talk of “bloodbaths” and “political breakdown.”
Market Misperceptions
By , Reuters, 11/24/2010
MarketMinder's View:
Investors shouldn’t wait on jobs—employment typically rebounds long after growth is underway. Further, recent reports indicate employment is improving.  
Sensible Stories
By , The Washington Post, 11/24/2010
MarketMinder's View: The next challenge for the embattled Irish government is the much-discussed budget—which should pass despite current political turmoil. For more, see our 11/23/2010 cover story, “The Still-Fighting Irish.”
Sensible Stories
By , SmartMoney, 11/24/2010
MarketMinder's View: “Companies have been using some of their nearly $2 trillion in built-up cash to replace worn-out equipment and boost productivity with new gear.” A bullish sign. For more, see our 11/12/2010 cover story, “Making More Out of Less.”
Market Misperceptions
By , International Business Times, 11/24/2010
MarketMinder's View:
Because core countries are exposed to peripheral debt makes it highly unlikely they’ll stand idly by (as they’ve already shown). Support is as much in their own interest as it is in the interest of PIIGS countries.
Market Misperceptions
By , Bloomberg, 11/24/2010
MarketMinder's View:
Don’t pay too much attention to the rating agencies—they’re often late to the party and not any more insightful than other capital markets analysts.
Sensible Stories
By , BBC, 11/24/2010
MarketMinder's View: As Irish struggles make headlines, the far, far bigger neighboring UK economy continues to prove more robust than many believe.
Sensible Stories
By , Bloomberg, 11/24/2010
MarketMinder's View: American consumers are alive and well—and never were all that sickly—heading into the holiday shopping season.
Market Misperceptions
By , Bloomberg, 11/24/2010
MarketMinder's View:
Yesterday’s attack on South Korea by North Korea was tragic. But geopolitical risks are ever present, unpredictable, and usually only briefly dent stocks. For more, see today’s cover story, “Briefly Bellicose.”
Sensible Stories
By , International Business Times, 11/24/2010
MarketMinder's View: Confidence surveys aren’t the most reliable forward economic measures, but soaring sentiment is indicative of recent German strength—which appears set to continue. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , The New York Times, 11/23/2010
MarketMinder's View: “American businesses earned profits at an annual rate of $1.66 trillion in the third quarter. That is the highest figure recorded since the government began keeping track over 60 years ago.” Excellent news!
Sensible Stories
By , Bloomberg, 11/23/2010
MarketMinder's View: Europe’s current star of the show, Germany, had great success, thanks to exports and investment.
Market Misperceptions
By , Barron’s, 11/23/2010
MarketMinder's View:
No doubt, housing continues to be a trouble spot. But there’s nothing new here. Plus, the economy doesn’t need a strong housing rebound to recover. For more, read our 09/28/2010 column, “Don’t Wait on Housing.”
Sensible Stories
By , The Wall Street Journal, 11/23/2010
MarketMinder's View: We’ll take it! The eurozone continues to prove it’s much more resilient and healthy than many fear.
Market Misperceptions
By , The Globe and Mail, 11/23/2010
MarketMinder's View:
Fall how? Default is highly unlikely, thanks to the massive bailout designed exactly for this purpose. For more, see our 11/22/2010 cover story, “All Things European.”
Market Misperceptions
By , The Wall Street Journal, 11/23/2010
MarketMinder's View:
Corporate profits soaring are now a bad thing? We’d rather see high profits than none at all—this is just another attempt at spinning positive news negatively. Ignore.
Market Misperceptions
By , CNBC, 11/23/2010
MarketMinder's View:
Increased inflation is a risk down the road. But keep in mind, thanks to slowing velocity, inflation has been very low, and deflation has been the greater near-term risk.
Sensible Stories
By , SmartMoney, 11/23/2010
MarketMinder's View: Consumers are spending away this holiday season! More evidence consumers aren’t MIA.
Sensible Stories
By , Bloomberg, 11/23/2010
MarketMinder's View: In a pleasant surprise, US GDP figures were revised upward, proving further economic recovery is in its future.
Market Misperceptions
By , MarketWatch, 11/22/2010
MarketMinder's View:
Investors shouldn’t fixate on the US. Growth here is solid if unspectacular, but Emerging Markets are pulling the global economy ahead at a much quicker pace.
Sensible Stories
By , Bloomberg, 11/22/2010
MarketMinder's View: While unemployment numbers are up nationwide, some areas are faring better than others as global economic growth is leading to strong demand for US goods. Unemployment is historically low in parts of the Midwest, and these low figures can be chalked up to more than just the farming communities.
Sensible Stories
By , Seeking Alpha, 11/22/2010
MarketMinder's View: Forecasting years out is tricky, but the fact folks are forecasting such strong growth shows the huge disconnect between current negative sentiment and a much more positive reality.
Market Misperceptions
By , The Telegraph, 11/22/2010
MarketMinder's View:
Could Portugal be the next of the PIIGS to run into trouble? Maybe. But none of the PIIGS are likely to spark a global contagion. For more, see today’s cover story, “All Things European.”
Market Misperceptions
By , Seeking Alpha, 11/22/2010
MarketMinder's View:
Simply owning high-dividend paying stocks doesn’t protect investors from a market downturn. There are times to focus on dividend paying stocks and times when growth stocks are more attractive. It’s foolish to become permanently married to any stock category. For more, see our 08/06/2010 column, “Sometimes True.”
Sensible Stories
By , Bloomberg, 11/22/2010
MarketMinder's View: It’s official—Ireland has stepped up and is now requesting aid for its ailing economy. For more, see our 11/15/2010 cover story, “The (Un)Luck of the Irish.”
Sensible Stories
By , The Wall Street Journal, 11/22/2010
MarketMinder's View: Raising taxes isn’t likely to reduce the deficit as some expect.
Market Misperceptions
By , Bloomberg, 11/19/2010
MarketMinder's View:
This gives much too much credit to the power of “speculators” (sometimes called “investors”) to act in a coordinated fashion. For more, see today’s cover story, “Getting Hibernia Out of Hock.”
Sensible Stories
By , Time, 11/19/2010
MarketMinder's View: Improving unemployment is no doubt welcome news. But remember, it’s normal (though understandably frustrating) for employment improvements to greatly lag economic improvement.
Sensible Stories
By , The Street, 11/19/2010
MarketMinder's View: We don’t “hate” gold ourselves—no reason to hate any commodity. But we do agree, as a long-term investment, odds are it greatly underperforms. This famous Buffet quote sums it up: “[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Market Misperceptions
By , Barron’s, 11/19/2010
MarketMinder's View:
Housing remains a weak spot. But remember, a robust housing recovery isn’t necessary for the rest of the economy to recover. For more, read our 09/28/2010 column, “Don’t Wait on Housing.”
Sensible Stories
By , The Wall Street Journal, 11/19/2010
MarketMinder's View: Germany forges on as producer prices rose faster than previously expected.
Market Misperceptions
By , Real Clear Markets, 11/19/2010
MarketMinder's View:
China’s move to rein in lending seems measured and unlikely to stop their current fast rate of growth. For more, see our 11/18/2010 cover story, “The Rising Cost of a Chinese Big Mac.”
Sensible Stories
By , The Wall Street Journal, 11/19/2010
MarketMinder's View: While many fear a European debt contagion, Europe’s credit markets are actually “proving remarkably resilient in recent weeks.”
Market Misperceptions
By , CNBC, 11/19/2010
MarketMinder's View:
First it was Greece, then all the PIIGS, now just Ireland. The PIIGS face an uphill road, but there’s no evidence of contagion still—and unlikely to be thanks to the bazooka of a bailout that covers their funding needs (except Italy, which is much healthier) for the next three years! For more on why sovereign debt contagion is nowhere in sight, see today’s cover story, “Getting Hibernia Out of Hock.”
Sensible Stories
By , Bloomberg, 11/18/2010
MarketMinder's View: “The index of US leading indicators rose for a fourth consecutive month, manufacturing surged in the Philadelphia area and jobless claims climbed less than forecast, signaling the world’s largest economy is accelerating.”
Market Misperceptions
By , The Wall Street Journal, 11/18/2010
MarketMinder's View:
As we’ve said before, stocks love to climb a wall of worry, so a surfeit of optimism would be a potential negative. However, how much optimism are you really seeing out there? That’s right—very little. 
Market Misperceptions
By , Financial Times, 11/18/2010
MarketMinder's View:
Fretting over unemployment numbers continues to be a popular pastime for the media. But as we’ve said before, there’s evidence of labor market stabilization. For more, see our 09/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , The Wall Street Journal, 11/18/2010
MarketMinder's View: Government intervention in an attempt to level the playing field is often more counterproductive than not. “Truly fixing the system would mean stopping the government’s modification programs and allowing markets to clear.” Agreed—it’s usually best to let the market do its thing.
Market Misperceptions
By , ETF Daily News, 11/18/2010
MarketMinder's View:
Wait…what? For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , The New York Times, 11/18/2010
MarketMinder's View: German Chancellor Angela Merkel may have said it best: “I only want to say: We have a euro rescue shield, and if a country is of the opinion it would like to use it then I can only say it was created for exactly that case.”
Sensible Stories
By , Bloomberg, 11/18/2010
MarketMinder's View: As we’ve said before, unemployment is backward-looking and unlikely to have much useful predictive power. But, over time, an improving economy begets better jobs numbers. For more, see our 08/09/2010 cover story, “Titus Maccius Plautus on US Unemployment.”
Sensible Stories
By , The Wall Street Journal, 11/18/2010
MarketMinder's View: Manufacturing activity “expanded at an unexpectedly vigorous pace in November”—a sign the manufacturing sector continues growing solidly.
Market Misperceptions
By , Seeking Alpha, 11/18/2010
MarketMinder's View:
While inflation is certainly a risk if left unaddressed, there seems no reason to believe markedly higher inflation is imminent. And we’re a far cry from resembling China in just about any way.
Market Misperceptions
By , Daily Finance, 11/17/2010
MarketMinder's View:
How would inhibiting investment in fast-growing emerging economies benefit US corporations or the US economy? Hint: It wouldn’t. A strengthening global economy is good for the US too.
Sensible Stories
By , Dow Jones Newswires, 11/17/2010
MarketMinder's View: Something worth noting—“banks reduced their use of the European Central Bank's overnight facilities.” The global financial system is on far more stable ground today than during the crisis. Even European banks, supposedly at the heart of the PIIGS-contagion (that doesn’t actually exist) have mostly weaned themselves off emergency lending programs.
Market Misperceptions
By , Telegraph, 11/17/2010
MarketMinder's View:
The stresses created by the eurozone structure have undeniably come to light, but a eurozone breakup is by no means imminent.
Sensible Stories
By , Bloomberg, 11/17/2010
MarketMinder's View: A good thing! Another sign the global economy is recovering. As economies recover, so will employment.
Market Misperceptions
By , Seeking Alpha, 11/17/2010
MarketMinder's View:
When others begin to worry, take it as a good sign! Cautious sentiment is bullish. Stocks love to climb a wall of worry. For more, see our 01/25/2010 cover story “Pessimism of Disbelief.”
Market Misperceptions
By , Daily Finance, 11/17/2010
MarketMinder's View:
Simply, no. The global economy is expanding nicely, led by developing economies. Trouble spots exist as always, but overall the world is back in growth mode.
Sensible Stories
By , The New York Times, 11/17/2010
MarketMinder's View: Yes! Stronger growth can make a big dent in the deficit. More growth means more people employed, better earnings, and higher tax receipts.
Sensible Stories
By , Bloomberg, 11/17/2010
MarketMinder's View: Core prices remained steady for the third month straight, and cost of living increased less than previously forecasted. Much-feared inflation is nowhere in sight.
Sensible Stories
By , Carpe Diem , 11/16/2010
MarketMinder's View: Increased freight traffic means more goods are being transported, which means there’s increased demand—in the US and around the world.
Sensible Stories
By , International Business Times, 11/16/2010
MarketMinder's View: “Why go to London and pay 50 percent tax when you can move to Hong Kong, which is nearer to the action and where the tax rate is 15 percent? And if bonuses in London are much lower than elsewhere, it is unlikely that international talent will earn money here. Britain will be the loser.” Insert “any worker” for “bankers,” and you’ll understand why price caps on salaries are foolhardy.
Market Misperceptions
By , Guardian, 11/16/2010
MarketMinder's View:
It’s the PIIGS contagion scare all over again. Yes, Ireland faces trouble, but with the EU/IMF/ECB backstop in place, a European contagion is highly unlikely. See our 11/15/2010 cover story, “The (Un)Luck of the Irish,” for more.
Market Misperceptions
By , Seeking Alpha, 11/16/2010
MarketMinder's View:
We don’t understand how data can be “alleged.” It is what it is, and consumer spending continues to grow. But the more important story is the continuing increase in business spending. For more, see our 11/16/2010 cover story “Not So Ghoulish October.”
Sensible Stories
By , MSNBC, 11/16/2010
MarketMinder's View: As we’ve said, companies won’t sit on their cash hoards forever—sooner or later, that money will get put to work, and it’s showing now in increased M&As. See today’s cover story, “Not So Ghoulish October,” for more.
Market Misperceptions
By , Fortune, 11/16/2010
MarketMinder's View:
Rarely does it make sense to make forward-looking forecasts based on backward-looking assessments.
Market Misperceptions
By , 11/16/2010
MarketMinder's View:
With all due respect to the Fed, this survey tells us little to nothing about where the economy is heading. Instead, it shows forecasters’ expectations and sentiment regarding the economy—which, at best, tend to be coincident (if not lagging) to market and economic data.
Market Misperceptions
By , Reuters, 11/15/2010
MarketMinder's View: Despite mounting evidence to the contrary, many still don’t believe in the recovery—which is great news for stock investors. Remember, stocks love to climb a wall of worry. For more, see our 09/14/2010 cover story, “Deconstructing a Wall of Worry.”
Market Misperceptions
By , MSN Money, 11/15/2010
MarketMinder's View:
Calls for a return to the gold standard make for great headlines but are largely impractical.
Sensible Stories
By , The Wall Street Journal , 11/15/2010
MarketMinder's View: European bank executives rightly point out that over-regulation will make their countries less attractive as financial centers.
Market Misperceptions
By , The Telegraph , 11/15/2010
MarketMinder's View:
Götterdämmerung? This is overstating matters more than just a bit. Sure, there are trouble spots in Europe (and globally for that matter), but the world is never perfect, even during periods of robust global growth. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Market Misperceptions
By , Bloomberg, 11/15/2010
MarketMinder's View: While the troubles on the Emerald Isle are serious, they aren’t serious enough to kick off the sovereign debt contagion some fear. For more, see today’s cover story, “The (Un)Luck of the Irish.”
Sensible Stories
By , The Wall Street Journal , 11/15/2010
MarketMinder's View: “US companies are getting better at boosting their productivity in tough economic times.” US firms are more productive than ever—a bullish sign.
Sensible Stories
By , The New York Times, 11/15/2010
MarketMinder's View: The global recovery continues as Japan posted its fourth consecutive quarter of GDP growth.
Market Misperceptions
By , Daily Finance , 11/15/2010
MarketMinder's View:
Collision course? Hardly. In any relationship, there are bound to be bumps in the road, and the relationship between China and the US is no different.
Sensible Stories
By , The New York Times, 11/15/2010
MarketMinder's View: Firms maintaining solid earnings growth and shrinking share supply via M&A is excellent news for investors. For more, see our 11/12/2010 cover story “Making More Out of Less.”
Sensible Stories
By , Bloomberg, 11/15/2010
MarketMinder's View: Retail sales climbed the most in seven months—further proof US consumers aren’t dead.
Market Misperceptions
By , Barron’s , 11/15/2010
MarketMinder's View: Folks, we’d like to make this as clear as possible: Sir John Templeton had a point when he said “It’s different this time” are the four most dangerous words in investing.
Sensible Stories
By , MarketWatch, 11/15/2010
MarketMinder's View: Leaders around the world could learn a lot from the 21-member APEC. Freer trade and agreeing to refrain from imposing new protectionist trade barriers are two certain steps toward prosperity.
Market Misperceptions
By , Seeking Alpha, 11/12/2010
MarketMinder's View: QE2 is unnecessary in our view, but it’s a bit premature to say it’ll do any harm. For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Market Misperceptions
By , The Wall Street Journal, 11/12/2010
MarketMinder's View: From an interest rate standpoint, the Fed is as accommodative as it can possibly be. We can see why changes in interest rates are more impactful on consumption than the absolute level. And today, the absolute level is absolutely rock bottom!
Market Misperceptions
By , Bloomberg, 11/12/2010
MarketMinder's View: Ireland defaulting on its debt in the near-term is highly unlikely. In a timeframe that matters to markets, Ireland has plenty of aid at its disposal.
Sensible Stories
By , The Wall Street Journal, 11/12/2010
MarketMinder's View: Germany appears on track for continued growth.
Sensible Stories
By , Bloomberg, 11/12/2010
MarketMinder's View: “East European economies expanded more than forecast in the third quarter as Germany, the region’s biggest export market, forecasts the fastest growth since 1991.” Excellent news for the European economies!
Sensible Stories
By , International Business Times, 11/12/2010
MarketMinder's View: As economies recover at different paces, their employment situations will improve at different paces. Most importantly, employment improvement lags overall economic improvement just about everywhere.
Market Misperceptions
By , The Independent, 11/12/2010
MarketMinder's View: The big budget deficit is mostly a result of reduced tax revenues as a result of recession and stimulus spending. As the economy revives and stimulus spending ends, the budget deficit will shrink—very little “sacrifice” required.
Sensible Stories
By , CNN Money, 11/12/2010
MarketMinder's View: As usual, the currency brouhaha is all bark and no bite. A currency war would do nothing, but harm all parties involved. For more, see our 10/26/2010 cover story, “Currency ‘Clash’.”
Market Misperceptions
By , The New Republic, 11/11/2010
MarketMinder's View:
While it’s true the recent recession wasn’t driven by government deficits/debts, everything else in this article is worthy of ignoring. Banks didn’t band together in some kind of conspiracy to take down the economy. How does that serve their interests? And China holding our assets doesn’t make us less wealthy. Quite the reverse! We pay them a very low rate and get a nice return on our assets. Nice illustration, though.
Market Misperceptions
By , Time, 11/11/2010
MarketMinder's View: Whatever your view of Sarah Palin and the Tea Party, a few things are clear: They don’t control money supply, the velocity of money, or the production of goods/services. Inflation is a monetary phenomenon, not a political one.
Sensible Stories
By , Bloomberg, 11/11/2010
MarketMinder's View: Let the gridlock begin. This is typical of legislation likely to wind up mired in political muck over the next 12-24 months—which is historically a good period for stocks. For more, see our 11/04/2010 cover story “A Lifting Political Pall.”
Sensible Stories
By , Global Post, 11/11/2010
MarketMinder's View: Gold may be in a bubble, maybe not. It could keep rising for some time. But there’s nothing inherently less risky about this shiny commodity. It is, after all, just an industrial commodity popular for adornment. For more, see today’s cover story, “Cause and Effect?”
Sensible Stories
By , The Washington Post, 11/11/2010
MarketMinder's View: This is disappointing in the near term, but with the US lagging the current free-trade push globally, we’re hopeful this deal, and others like it, will be resurrected.
Market Misperceptions
By , Fortune , 11/11/2010
MarketMinder's View:
“Thursday's upgrade from Moody's has little immediate impact for China's financing needs, as China runs a huge trade surplus and has little debt outstanding.” Again, we have to ask why anyone pays much attention to the ratings agencies. Their grades are based on what’s already largely known, aren’t forward looking, and can be driven by fairly meaningless metrics. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
 
Sensible Stories
By , Reuters, 11/11/2010
MarketMinder's View: In our view, Basel III was nowhere near as onerous as it could have been—which is good. But naturally, any major regulatory overhaul will be rife with unintended consequences, special exceptions, etc. Don’t expect this to forestall future credit disruptions, just as no regulations in the past prevented 2008.
Market Misperceptions
By , MarketWatch, 11/10/2010
MarketMinder's View:
Ignore the political posturing by China’s wholly owned (and only) rating agency downgrading US debt—especially in the run up to the G-20 summit.
Sensible Stories
By , CNN Money, 11/10/2010
MarketMinder's View: We love hearing good news on the employment front. But remember, employment is a lagging economic indicator. Growth creates jobs, and unemployment numbers won’t start to consistently fall until long after stock markets and the broader economy have turned around.
Market Misperceptions
By , MarketWatch, 11/10/2010
MarketMinder's View:
The G-20 summit is finally here. The best we can hope for from this glorified photo-op is the political envoys tone down the currency rhetoric and focus on making languishing FTAs a reality. For more, see our 11/09/2010 cover story, “Trade Talks.”
Market Misperceptions
By , Reuters, 11/10/2010
MarketMinder's View:
Troubles continue on the Emerald Isle, but the likelihood of a near-term Irish default (or any PIIGS country for that matter) is slim to none. For more, see today’s cover story, “Debating the Euro.”
Market Misperceptions
By , The Telegraph, 11/10/2010
MarketMinder's View:
Purchasing power parity is a wonky measure of economic size. But no matter how you measure it, China will eventually overtake the US as the world’s largest economy. But who cares? China’s growth doesn’t come at our detriment. In fact, a growing Chinese economy will help boost the US economy.
Sensible Stories
By , Associated Press, 11/10/2010
MarketMinder's View: The recovery in Europe’s largest economy continues—and proves to the rest of the world prosperity is possible despite ongoing trouble spots. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Market Misperceptions
By , The Chicago Tribune, 11/10/2010
MarketMinder's View:
Investor skepticism after one of the biggest recessions and bear markets in history isn’t surprising. Stock investing is volatile, and investors who wait around for a mythical “all-clear” signal or try to time corrections risk getting whipsawed. For more, see our 11/05/2010 cover story, “Officially Corrected.”
Sensible Stories
By , Marginal Revolution , 11/10/2010
MarketMinder's View: The headline pretty much says it all: “Don’t flip out over QEII.” While we don’t think additional easing is necessary—there’s plenty of liquidity already—the short-term effects shouldn’t be detrimental. For more, see our 11/04/2010 cover story, “A Lifting Political Pall.”
Sensible Stories
By , SmartMoney, 11/10/2010
MarketMinder's View: This list is far from exhaustive, but here are four cogent reasons why the recovery is for real.
Sensible Stories
By , The Australian, 11/10/2010
MarketMinder's View: More free trade? That’s music to our ears! See our 11/09/2010 cover story, “Trade Talks,” for more.
Sensible Stories
By , Financial Times , 11/09/2010
MarketMinder's View: The US is firmly in recovery mode, as evidenced by several quarters of continued GDP growth, increased manufacturing numbers, improving jobs numbers, and other positive economic data.
Sensible Stories
By , International Business Times, 11/09/2010
MarketMinder's View: Free trade continues to make progress, which is good for markets and the global economy. See today’s cover story, “Trade Talks,” for more.
Market Misperceptions
By , Business Insider, 11/09/2010
MarketMinder's View:
Five quarters of economic growth and GDP very close to all-time highs say differently. This is just another variation of the “it’s different this time” argument looking for the “next shoe to drop.” Ignore.
Market Misperceptions
By , Seeking Alpha, 11/09/2010
MarketMinder's View:
What inflation? As of now, inflation is extremely low—and while problematic inflation may or may not arise in the future, we still have quite a while to go to get there.
Sensible Stories
By , Bloomberg, 11/09/2010
MarketMinder's View: Good thing—after all, who’s to say what the ideal target is? And how is that determined? It’s nearly impossible to force markets and trade to balance. See today’s cover story, “Trade Talks,” for more.
Market Misperceptions
By , MarketWatch, 11/09/2010
MarketMinder's View:
Limiting bankers’ pay will simply push talent out of an industry that needs it into less regulated parts of the industry or the world.
Sensible Stories
By , The Wall Street Journal, 11/09/2010
MarketMinder's View: “Inventories at US wholesalers grew more than twice as much as expected in September, a sign companies have confidence demand will hold up as the economy recovers.” Yep.
Sensible Stories
By , The Wall Street Journal , 11/08/2010
MarketMinder's View: Regulations between the US and South Korea are loosening—and this makes sense, economically, for both sides.
Sensible Stories
By , Bloomberg, 11/08/2010
MarketMinder's View: Thank goodness. The suggestion we should somehow “cap” the free flow of imports and exports is, in a word, insane.
Market Misperceptions
By , MarketWatch, 11/08/2010
MarketMinder's View: We rather doubt it. This round likely isn’t needed but isn’t terribly harmful. Also, if China is worried about the impact on the dollar, they could always loosen their peg!
Sensible Stories
By , The Wall Street Journal, 11/08/2010
MarketMinder's View: More restrictions being lifted in the trade world—a good thing.
Market Misperceptions
By , Bloomberg, 11/08/2010
MarketMinder's View:
One month’s data is hardly predictive looking forward. It’s natural for metrics to expand for awhile, then take a breather.
Market Misperceptions
By , The New York Times, 11/08/2010
MarketMinder's View:
Considering the recession ended in June 2009, we’re near past GDP peaks, and stocks are up massively since, it’s more than a bit overwrought to continue baseless comparisons to the Great Depression.
Market Misperceptions
By , Reuters, 11/08/2010
MarketMinder's View:
HA! Ok, moving on.
Sensible Stories
By , MarketWatch, 11/05/2010
MarketMinder's View: Japan holds rates steady as plans for further quantitative easing unfold.
Sensible Stories
By , Bloomberg, 11/05/2010
MarketMinder's View: A continued global bull market led by Emerging Markets? Check.
Sensible Stories
By , Bloomberg, 11/05/2010
MarketMinder's View: Widely labeled as “the next shoe to drop,” the US commercial real estate market has actually dramatically improved in recent quarters. Another brick in the wall of worry.
Sensible Stories
By , Reuters, 11/05/2010
MarketMinder's View: We’d note, ignoring Census distortions, private firms increased payrolls every month this year. October doubling expectations shows just how downbeat jobs sentiment has been.
Market Misperceptions
By , The Telegraph, 11/05/2010
MarketMinder's View: That there’s some golden global balance is silly. Markets are always in the process of balancing, but are never balanced. Dollar, yen, euro, SDRs—whatever is best for trade will be used. Shifting to something else is no tragedy, but it won’t happen yet.
Market Misperceptions
By , The Washington Post, 11/05/2010
MarketMinder's View: “Recovery will be a long, hard slog, and our national mood could make the difference between success and failure.” Consumer sentiment has very little effect on forward stock returns. It’s fixated on what’s just passed, not what’s to come—and is always in the dumps after a downturn.
Market Misperceptions
By , Real Clear Markets, 11/05/2010
MarketMinder's View:
This assumes we’re in a hole and can’t get out—which is wrong. Nominal GDP has recovered all it lost and real GDP should soon do the same. Employment is lagging, as always, but private payrolls have improved all year. QE2 won’t do much the economy isn’t already doing for itself.
Market Misperceptions
By , Minyanville, 11/05/2010
MarketMinder's View: Such sensational arguments are very, very common after bear markets and recessions. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Market Misperceptions
By , The Washington Post, 11/04/2010
MarketMinder's View:
This number fluctuates quite a bit week to week. Pay no attention to short-term, backward-looking data like jobless numbers—they tell nothing about the future.
Sensible Stories
By , RTT News, 11/04/2010
MarketMinder's View: As we’ve seen in recent quarters, productivity gains help firms make profits amid even moderate economic and revenue growth.
Sensible Stories
By , The New York Times, 11/04/2010
MarketMinder's View: After the Fed restarted quantitative easing, the Bank of England and European Central Bank opted to keep already accommodative policy in place.
Market Misperceptions
By , International Business Times, 11/04/2010
MarketMinder's View:
Actually, historically, gridlock has been good for stocks and the economy. Government doesn’t come to standstill, but negotiation filters out or files down extreme legislation. See today’s cover story, “A Lifting Political Pall,” for more.
Sensible Stories
By , MarketWatch, 11/04/2010
MarketMinder's View: Additional quantitative easing isn’t necessary in our view, but the latest move by the Fed shouldn’t be overly harmful in the near term. The longer-term inflationary impact depends on future policy decisions.
Sensible Stories
By , The New York Times, 11/04/2010
MarketMinder's View: Out of the 183 surveyed economies, 117 made “it easier to start and operate a business.” That’s regulation we can get behind.
Market Misperceptions
By , The New York Times , 11/04/2010
MarketMinder's View:
Here’s a negative spin on good news: Consumer spending contributed significantly to Q3 GDP and rose solidly in October—who cares if it’s because of sales! Finding the right price is good business. If consumers were really down, they’d be ratcheting back, not loading up.
Market Misperceptions
By , Seeking Alpha, 11/03/2010
MarketMinder's View:
This is the same old story about the “next shoe.” How many next shoes are we supposed to wait for? Fact is, stocks have shown throughout history to love gridlock. Those arguing otherwise haven’t checked the data.
Sensible Stories
By , The Wall Street Journal, 11/03/2010
MarketMinder's View: Some details on what could unfold today at the Fed.
Market Misperceptions
By , Bloomberg, 11/03/2010
MarketMinder's View:
Wait...did we have a big inflation problem in 2004? Answer? No. We’d also point out the article’s comment that “he (Bernanke) and other central bankers kept rates near a record low as inflation rose faster than initially measured” is wrong. Bernanke was not the Fed Chair in 2004, so frankly he didn’t keep rates anywhere.
Market Misperceptions
By , The Street, 11/03/2010
MarketMinder's View:
According to ADP reports, the private sector added 43,000 jobs in October. This is a positive development, but remember, changes in employment levels following a recession are a lagging, not leading, indicator.
Sensible Stories
By , Bloomberg, 11/03/2010
MarketMinder's View: “Service companies in the US expanded in October at the fastest pace in three months, indicating the recovery may be starting to strengthen.” Yet again, this recovery is showing it’s got legs.
Sensible Stories
By , International Business Times, 11/03/2010
MarketMinder's View: October growth in new German orders was strong as manufacturing increased for the first time in three months. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , The Guardian, 11/03/2010
MarketMinder's View: More growth from across the pond as the UK service sector makes significant headway toward recovery.
Market Misperceptions
By , The Motley Fool, 11/02/2010
MarketMinder's View:
Shopping at overpriced supermarkets will make anyone believe inflation is running roughshod over the US economy. Ignore anecdotal evidence and look at the facts—CPI inched up just 1.1% in the past year. Inflation may be an issue down the road, but for the time being it is not the threat many believe it to be. 
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Global manufacturing remains strongly in expansionary territory—another bullish sign, among many, for the global economy.
Market Misperceptions
By , Seeking Alpha, 11/02/2010
MarketMinder's View:
QE2, which is looking more and more like a possibility, will likely not be overly harmful if pursued by the Fed. For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Many investors falsely believe bonds are a universally "safe" investment. Here’s a great illustration of why bonds aren’t always so "safe."
Sensible Stories
By , Seeking Alpha, 11/02/2010
MarketMinder's View: Another strong quarter for US corporate earnings: “70% of S&P 500 index companies have reported third quarter profits so far, and earnings are up 30% year-over-year.”
Market Misperceptions
By , Guardian, 11/02/2010
MarketMinder's View:
We couldn’t agree more with the headline. But the idea of expanding the IMF into a “new global reserve system” in order to combat exchange rate volatility is simply ridiculous. Please ignore.
Sensible Stories
By , The Christian Science Monitor, 11/02/2010
MarketMinder's View: Bring on the political gridlock! For more, see today’s cover story, "Donkeys, Elephants, and Bulls. (Oh My)."
Market Misperceptions
By , Spiegel Online, 11/02/2010
MarketMinder's View:
Ignore dour “this time is different” sentiment. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Thus far, central banks in fast growing Emerging Markets are doing a commendable job staving off inflation.
Market Misperceptions
By , Associated Press, 11/02/2010
MarketMinder's View:
Political gridlock? That’s music to our ears! For more, see today’s cover story, “Donkeys, Elephants, and Bulls. (Oh My).”
Sensible Stories
By , Bloomberg, 11/02/2010
MarketMinder's View: The continued evidence of positive underlying economic fundamentals is all but ending the talk of a double-dip recession in Europe.
Market Misperceptions
By , International Business Times, 11/02/2010
MarketMinder's View:
Be wary of gold bugs (and anyone—gold bug or otherwise—making outlandish predictions for that matter). Gold is just a commodity subject to the same macroeconomic factors as any other commodity.
Market Misperceptions
By , Daily Finance, 11/01/2010
MarketMinder's View:
Let’s just add another “scary” technical analysis to the others (Hindenberg Omen, death cross, head-and shoulders pattern), which also haven’t come to pass. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , Bloomberg, 11/01/2010
MarketMinder's View:
This article fails to note consumer spending is a hair below its all-time high! Things aren’t as dour as many believe.
Market Misperceptions
By , The Wall Street Journal, 11/01/2010
MarketMinder's View:
Folks who believe gridlock is bad for markets haven’t checked their history. The third year of a president’s term is usually characterized by increasing gridlock and great stock returns. That’s straight ahead in 2011.
Market Misperceptions
By , Seeking Alpha , 11/01/2010
MarketMinder's View:
As we’ve said, QE2, while not necessary to maintain growth, shouldn’t trigger a market correction.  For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Sensible Stories
By , The Huffington Post, 11/01/2010
MarketMinder's View: Folks continue to bemoan the lack of available credit, but lending continues to increase. For more, see our 09/23/2010 cover story, “Credit Where Credit’s Due.”
Sensible Stories
By , Bloomberg, 11/01/2010
MarketMinder's View: Nice factual recap of GDP, unemployment, and stocks’ historical performance. We’d also add there’s vast evidence a divided government leads to more bullish stock returns.
Market Misperceptions
By , Reuters, 11/01/2010
MarketMinder's View:
Consumer sentiment is a backward-looking, broken indicator. It says nothing about where stocks are heading.
Sensible Stories
By , Associated Press, 11/01/2010
MarketMinder's View: New orders for all goods and exports jumped to their highest level since January 2009, more evidence the economy overall is healthier than many fathom.