Home → Fisher Investments MarketMinder Headlines → 12-2008 Archives

Market Misperceptions
By , CNN Money, 12/31/2008
MarketMinder's View: We’ve said it before—weekly numbers like these, up or down, don’t foretell stock market movements and are often lagging or coincident indicators. Ignore.
Sensible Stories
By , The Wall Street Journal, 12/31/2008
MarketMinder's View: Amen. The problem should be attacked at its root.
Market Misperceptions
By , MarketWatch, 12/31/2008
MarketMinder's View:
Some eye-opening events unfolded over the past year, but we hardly think these events have completely reformed the way people will spend or do business forever.
Sensible Stories
By , The Wall Street Journal, 12/31/2008
MarketMinder's View: What a novel idea—unfortunately those in Washington can’t quite get a handle on the definition of “viable.”
Market Misperceptions
By , Bloomberg, 12/31/2008
MarketMinder's View:
We disagree. Forcing long-term assets into a short-term valuation model simply doesn’t make sense, and played an important role in 2008’s financial crisis.
Sensible Stories
By , The Wall Street Journal, 12/31/2008
MarketMinder's View: “Trade means broader consumer choices and lower consumer prices.” So true!
Market Misperceptions
By , The New Zealand Herald, 12/31/2008
MarketMinder's View:
Fallout from Madoff’s crimes continue to make headlines, but markets aren’t playing a game of Six Degrees of Kevin Bacon. This scandal is past, and markets have likely already digested the information.
Market Misperceptions
By , MSNBC.com, 12/31/2008
MarketMinder's View:
If you weren’t hibernating this year you know 2008 was lousy for stocks, but beware of making investment decisions while looking in the rearview mirror.
Sensible Stories
By , The Wall Street Journal, 12/31/2008
MarketMinder's View: This is worth keeping an eye on. Details have yet to unfold on whether the second installment is being released or if the government has promised too much aid.
Market Misperceptions
By , The Wall Street Journal, 12/30/2008
MarketMinder's View:
What clues this anecdotal story is supposed give us about the markets or the economy, we can’t fathom.
Sensible Stories
By , Bloomberg, 12/30/2008
MarketMinder's View: “The politicians should stick to what they know.” And that means nothing involving financial markets.
Market Misperceptions
By , Bloomberg, 12/30/2008
MarketMinder's View:
Consumer confidence has always been a coincident or lagging indicator and says next to nothing about stocks’ future direction.
Sensible Stories
By , Bloomberg, 12/30/2008
MarketMinder's View: We can’t help but agree with much of this.
Sensible Stories
By , Forbes.com, 12/30/2008
MarketMinder's View: “In other words, the market is cheaper than it was in 1974, 1982 and 1994--all of which had huge bull markets ahead of them.” Now we’re talking!
Market Misperceptions
By , Bloomberg, 12/30/2008
MarketMinder's View:
The Case-Shiller index is, in our view, incomplete and not worth investors’ faith. That said, there is little doubt the housing market is and will remain weak for some time. But housing prices are overwhelmingly likely to be a lagging indicator as stock markets look ahead.
Market Misperceptions
By , The Nation, 12/30/2008
MarketMinder's View:
“The main focus of the new administration's international economic statecraft must be on the…” Before we go any further, may we ask when the incoming administration mentioned it was in the business of “international economic statecraft”? Central planning is bad enough on the national level, it doesn’t need to go international.
Market Misperceptions
By , The Wall Street Journal, 12/30/2008
MarketMinder's View:
We note that bolstering the financing mechanisms for auto purchases does little or nothing to solve the Big Three’s long-term operating problems and competitive disadvantages.
Market Misperceptions
By , Time, 12/30/2008
MarketMinder's View:
We disagree. The global provision of huge monetary stimulus is different than the Great Depression and a good thing. For more, see our cover stories, “America’s Lost Decade” (12/19/2008) and “Take Two” (11/26/2008).
Sensible Stories
By , The Motley Fool, 12/29/2008
MarketMinder's View: “The best time to invest was yesterday. The next best time is today.” That’s usually very sage advice.
Market Misperceptions
By , Time, 12/29/2008
MarketMinder's View:
We must disagree with the author: Increased regulation has historically been bad for markets, and there’s no indication now is different from any other time. Also, the consolidation of agencies regulating financial markets is positive, not negative. See our 12/12/2008 cover story, “Simplify, Simplify,” for more.
Sensible Stories
By , and David Enrich, 12/29/2008
MarketMinder's View: Another positive sign: Buyers are emerging out of the woodwork to purchase troubled institutions.
Sensible Stories
By , The Washington Post, 12/29/2008
MarketMinder's View: A great article explaining confirmation bias and the news media’s possible role in goading emotion.
Market Misperceptions
By , The Wall Street Journal, 12/29/2008
MarketMinder's View: We’re going to go out on a limb and say Texas will not be taken over by Mexico any time soon.
Sensible Stories
By , Reuters, 12/29/2008
MarketMinder's View: This is good news any way you look at it.
Sensible Stories
By , Bloomberg , 12/29/2008
MarketMinder's View: That cash is going to want to go somewhere.
Market Misperceptions
By , Reuters, 12/29/2008
MarketMinder's View:
Bear market bottoms historically see a lot of strange behavior. Add “divorcing loved ones” to “selling at the worst possible time.”
Sensible Stories
By , SmartMoney, 12/29/2008
MarketMinder's View: And rightfully so—this is a time when the Fed should be expanding its balance sheet.
Market Misperceptions
By , CNNMoney.com, 12/26/2008
MarketMinder's View:
We’ve frequently found fault with the way unemployment is measured. But however you measure it, unemployment typically continues to rise as a new bull market begins.
Sensible Stories
By , The Wall Street Journal , 12/26/2008
MarketMinder's View: Some things never change. “Conventional wisdom” about markets usually isn’t very wise.
Market Misperceptions
By , MSN Money, 12/26/2008
MarketMinder's View: It’s true the recession will likely continue into 2009. But it’s also true markets lead economic recoveries. Expect to see continued dour headlines even as the market starts to boom.
Sensible Stories
By , CNNMoney.com, 12/26/2008
MarketMinder's View: We’re surprised dramatically lower mortgage rates are getting so little play in the news.
Sensible Stories
By , Investors Business Daily, 12/26/2008
MarketMinder's View: Though some of the President-Elect’s moderate appointments have surprised his supporters, we find this to be very typical—Presidents tend to move to the middle as they turn their eye on re-election in four years.
Market Misperceptions
By , The Moderate Voice , 12/24/2008
MarketMinder's View:
A full-page Chrysler ad thanking America for bailout money—which apparently was subsequently used to fund thank-you ads. What a great use of taxpayer financing, eh?
Market Misperceptions
By , CNNMoney.com, 12/24/2008
MarketMinder's View:
The dollar’s strength or weakness has never been historically tied to stock market movements for meaningful periods. Ignore.
Sensible Stories
By , The Wall Street Journal, 12/24/2008
MarketMinder's View: “Ethanol is a business created by Congress that now has to be bailed out to save Congress from embarrassment.” A clear example of unintended consequences from market intervention.
Market Misperceptions
By , The London Times, 12/24/2008
MarketMinder's View:
Soup is not, nor ever was, an economic indicator. More likely, people are drinking soup to ward off winter’s chill.
Market Misperceptions
By , The Wall Street Journal, 12/24/2008
MarketMinder's View:
The auto bailout was probably not the best choice, but claiming government policies will be responsible for a “lost decade” is a bit of a stretch. For more, see our 12/19/2008 cover story, “America’s Lost Decade?”
Sensible Stories
By , Investor’s Business Daily, 12/24/2008
MarketMinder's View: For those who compare today to the Great Depression, here is a cogent analysis and contrast.
Market Misperceptions
By , The New York Times, 12/24/2008
MarketMinder's View:
It’s ironic to note that the author uses Hong Kong as his model for success although neglects to mention what led to such success—one of the most business-friendly, low tax environments in the world! We’re all for it though, let’s cut our capital gains rate to zero to match theirs to start.
Sensible Stories
By , Times Online, 12/24/2008
MarketMinder's View: We don’t think so either.
Sensible Stories
By , The Wall Street Journal, 12/23/2008
MarketMinder's View: Ignore the implication the Fed’s made no fumbles. Instead, note the Fed isn’t remotely close to being out of ammo. For more, see our 12/17/2008 cover story, “Still Fighting the Good Fight.”
Market Misperceptions
By , The Times, 12/23/2008
MarketMinder's View: Madoff is an “indictment of his era?” Hardly! His downfall is an indictment of his own criminal behavior.
Market Misperceptions
By , The New York Times, 12/23/2008
MarketMinder's View:
Government spending isn’t so bad as stimulus. Except when they’ve taxed the living productivity out of their revenue source (i.e., you).
Market Misperceptions
By , The Wall Street Journal, 12/23/2008
MarketMinder's View:
Probably not in this case. We’d prefer the feds never step in, but sometimes action is warranted. So far, it appears the Fed, despite some missteps, is taking the appropriate steps to get credit flowing again.
Sensible Stories
By , Forbes, 12/23/2008
MarketMinder's View: Amen for lower taxes.
Sensible Stories
By , Bloomberg, 12/23/2008
MarketMinder's View: Another way to say this is, “shrank just 0.5%.” Yes, the economy is in a rough patch and is likely to remain rocky for a bit. But judging by today’s news, you’d think GDP had fallen into a black hole. Also note, “the economy grew at a 2.8 percent pace from April through June.” Investing requires clear-eyed analysis, not emotional hype.
Sensible Stories
By , The Motley Fool, 12/23/2008
MarketMinder's View: Some good points to remember, including “the market has always recovered.”
Sensible Stories
By , Forbes.com, 12/23/2008
MarketMinder's View: Because recessions have been less frequent over the last 30 years both individuals and the media have difficulty in placing the current turmoil in its proper context. Usually this means we exaggerate how bad things are.
Market Misperceptions
By , The Telegraph, 12/23/2008
MarketMinder's View:
It’s very difficult to forecast job losses around the world and whilst painful for those involved, job losses are not necessarily a good proxy for the state of the economy. Plus—equities tend to rebound well before unemployment peaks.
Sensible Stories
By , Forbes, 12/23/2008
MarketMinder's View: Allowing markets—not the government—to determine the fate of struggling companies is much better for the aggregate economy in the long run.
Sensible Stories
By , Real Clear Politics, 12/23/2008
MarketMinder's View: A cogent view regarding the dangers of too much government intervention.
Market Misperceptions
By , The Telegraph , 12/22/2008
MarketMinder's View:
We’re glad to see such pessimism being built into the market---this means anything but catastrophe is actually a good thing for markets.
Sensible Stories
By , Bloomberg.com, 12/22/2008
MarketMinder's View: Sometimes simplifying the debate makes everything so clear.
Market Misperceptions
By , The New York Times, 12/22/2008
MarketMinder's View: Booms and busts are part and parcel of free market capitalism. There must be a tradeoff between risk and reward, or folks will never choose to invest. In times like today, we are hyper-aware of the busts. But let’s not forget the amazing prosperity and growth economic cycles can also bring.
Market Misperceptions
By , Real Clear Markets, 12/22/2008
MarketMinder's View:
Holiday retail sales may not be stellar this year, but so far they haven’t been nearly as weak as widely feared.
Market Misperceptions
By , The Guardian, 12/22/2008
MarketMinder's View: The “lipstick effect” as an economic indicator? We don’t think so.
Sensible Stories
By , Smart Money, 12/22/2008
MarketMinder's View: Recalling what actually caused the Great Depression is instructive, especially for those constantly seeking parallels that simply don’t exist.
Sensible Stories
By , The Wall Street Journal, 12/22/2008
MarketMinder's View: We expect the list of industries asking for aid will only expand. Hopefully, the government exercises a bit of restraint.
Sensible Stories
By , Investor’s Business Daily, 12/22/2008
MarketMinder's View: This one’s a bit caustic, but we tend to agree.
Sensible Stories
By , CNNMoney.com, 12/19/2008
MarketMinder's View: We always hate calling something a bubble, but it’s true there’s been a tremendous flight to safety. When that cash is redeployed into the stock market—look out.
Market Misperceptions
By , The Times Online, 12/19/2008
MarketMinder's View: We disagree the Fed is backed into a corner. See today’s cover story, “America’s Lost Decade?” for more.
Market Misperceptions
By , The Times, 12/19/2008
MarketMinder's View: Sure, times are tough, but it’s a bit of a stretch to call chocolate selection a reliable, forward-looking economic indicator.
Sensible Stories
By , Fortune, 12/19/2008
MarketMinder's View: We largely agree. For more, see our 11/28/2008 cover story, “Our Erratic Queen.”
Market Misperceptions
By , The New York Times, 12/19/2008
MarketMinder's View: We don’t view allowing individuals to keep a greater share of the profits earned as a bad thing.
Sensible Stories
By , The New York Times, 12/19/2008
MarketMinder's View: The US has learned from Japan’s mistakes and has taken steps to avoid them. See today’s cover story, “America’s Lost Decade?” for more.
Sensible Stories
By , Bloomberg.com, 12/19/2008
MarketMinder's View: These assets won’t be deployed without a debate.
Sensible Stories
By , Bloomberg, 12/19/2008
MarketMinder's View: Of course it does. Banks are starting to learn there’s no such thing as a free lunch—especially not from the government.
Market Misperceptions
By , CNNMoney.com, 12/19/2008
MarketMinder's View: Hedge funds go belly up all the time, even in the best of times. And hedge fund woes aren’t exactly dire—693 seems large, but it’s less than 10% of operating hedge funds. Seems about right for vehicles intended to take large amounts of risk.
Sensible Stories
By , The Wall Street Journal, 12/19/2008
MarketMinder's View: We can always dream, can’t we?
Sensible Stories
By , The Wall Street Journal, 12/19/2008
MarketMinder's View: It looks like two of the Big Three got their bailout after all—at least for now. It’s likely a few months from now the Big Three will still seek a handout.
Market Misperceptions
By , The Guardian, 12/19/2008
MarketMinder's View: A bailout for the auto industry isn’t the best option— it removes incentive for the restructuring necessary to make the Big Three efficient and profitable once again. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Sensible Stories
By , The Wall Street Journal, 12/18/2008
MarketMinder's View: We can’t help but notice so far the world hasn’t come to an end in absence of a government-funded auto bailout.
Market Misperceptions
By , Associated Press, 12/18/2008
MarketMinder's View: For more on this see 12/18/2008 our cover story, “Oily Promises.”
Market Misperceptions
By , The Independent, 12/18/2008
MarketMinder's View:

Whilst we agree employment is a lag indicator, it’s notoriously difficult to predict economic conditions for the next 18 months, let alone 3 years.

Sensible Stories
By , The New York Times, 12/18/2008
MarketMinder's View: “The whole financial crisis is about the death of responsibility: the buck stopped nowhere.” Amen. Scapegoating for faulty practices gets you nowhere, and often, filing Chapter 11 can be the best thing for an ailing company with huge burdens.
Sensible Stories
By , Real Clear Markets, 12/18/2008
MarketMinder's View: Look how well markets have worked historically without the input of government.
Sensible Stories
By , CNNMoney.com, 12/18/2008
MarketMinder's View: We don’t agree with everything in here, but the observation that Madoff won’t sink markets is an important one. See our 12/16/2008 cover story “To Err Is…” for more.
Sensible Stories
By , The Wall Street Journal, 12/18/2008
MarketMinder's View: The creation of moral hazard. Everyone wants a bit of bailout cash, regardless of whether it will be of any benefit.
Market Misperceptions
By , MSNBC, 12/18/2008
MarketMinder's View: Now gambling is an economic indicator? We don’t think so.
Market Misperceptions
By , Bloomberg.com, 12/18/2008
MarketMinder's View: The only true leading economic indicator is the stock market. All others either use lagging or coincident data. Ignore.
Sensible Stories
By , Times Online, 12/18/2008
MarketMinder's View: It’s a sign of the times that any good news is greeted with skepticism.
Market Misperceptions
By , MSNBC.com, 12/18/2008
MarketMinder's View: It’s way too early to speculate on this—any real “stimulus” package will look vastly different than what’s being proposed today once it’s vetted and negotiated in Congress months from now.
Market Misperceptions
By , MSNBC.com, 12/18/2008
MarketMinder's View: Weekly and monthly numbers make very poor metrics for recognizing real trends and making investment decisions.
Sensible Stories
12/18/2008
MarketMinder's View: We’re respectfully wary of the car czar candidates. For more on this, see our 12/10/2008 cover story, “All Hail…the Car Czar?”
Market Misperceptions
By , Wall Street Journal, 12/17/2008
MarketMinder's View:
Does the mortgage market really need even more manipulation?
Sensible Stories
By , Forbes, 12/17/2008
MarketMinder's View: Amen.
Market Misperceptions
By , The San Francisco Chronicle, 12/17/2008
MarketMinder's View: Six months ago, folks would have said oil demand would only grow from here until 2030. Now it will be flat? Twenty year commodity forecasts really aren’t that helpful.
Sensible Stories
By , The Wall Street Journal, 12/17/2008
MarketMinder's View: The Fed slashed rates yet again, this time to historic lows—the cut was more than some anticipated. For more, read today’s cover story, “Still Fighting the Good Fight.”
Sensible Stories
By , The Los Angeles Times, 12/17/2008
MarketMinder's View: Chapter 11 worked for the airlines, we can’t see why it won’t work for autos. For more, see our 12/10/2008 cover story “All Hail…the Car Czar?”
Sensible Stories
By , Real Clear Markets, 12/17/2008
MarketMinder's View: We have nothing against infrastructure spending, as long as they have an economic value beyond providing jobs today.
Sensible Stories
By , The Wall Street Journal, 12/17/2008
MarketMinder's View: A reminder, the SEC is not meant to supplant due diligence.
Market Misperceptions
By , The Los Angeles Times, 12/17/2008
MarketMinder's View: Blaming Madoff’s misdeeds on “deregulation” is simply a fairy tale. What major deregulation has there been in the last 20 years? (Answer: None. But there’s been plenty of increased regulation.)
Market Misperceptions
By , The Financial Times, 12/16/2008
MarketMinder's View: Adam Smith is rolling over in his grave as commentators support controlling the crucial aspect of capitalism—prices!
Market Misperceptions
By , Minyanville, 12/16/2008
MarketMinder's View:
There will always be corruption in some pockets of any industry. No amount of new regulation can prevent that. For more, see our past cover story, “To Err Is…” (12/16/2008).
Sensible Stories
By , The Wall Street Journal, 12/16/2008
MarketMinder's View: Far from the “kiss of death,” bankruptcy is probably the auto makers’ best option. For more, see our cover story “All Hail…the Car Czar?” (12/10/2008).
Sensible Stories
By , Forbes.com, 12/16/2008
MarketMinder's View: Recessions don’t last forever, our desire for progress brings us out of them.
Sensible Stories
By , Real Clear Markets, 12/16/2008
MarketMinder's View: Certainly not!
Sensible Stories
By , The Wall Street Journal, 12/16/2008
MarketMinder's View: While we think it’s unlikely this will materialize into much, it’s still worth noting—FAS 157, or “mark to market” accounting, may not be dead and gone just yet.
Market Misperceptions
By , Bloomberg, 12/16/2008
MarketMinder's View: It’s probably too soon to begin speculating on this plan, or what it will truly entail. Details will become more visible early next year as the new Congress and President take office.
Market Misperceptions
By , CNNMoney.com, 12/16/2008
MarketMinder's View: CPI can be highly volatile, mostly due to wide gyrations in energy and materials. Remember just a few months ago when folks expected high inflation?
Sensible Stories
By , Bloomberg, 12/16/2008
MarketMinder's View: The Fed continues to innovate. It’s worth keeping a close eye on this development as it will likely have wide reaching implications for markets.
Sensible Stories
By , Real Clear Markets, 12/15/2008
MarketMinder's View: “Why live in the real world when you can live in Washington where you can just pass a law to get what you want?”
Market Misperceptions
By , The New York Times, 12/15/2008
MarketMinder's View: The best way to attain greater employment is not to create the jobs through infrastructure projects, but to create long-term incentive to work.
Sensible Stories
By , The Weekly Standard, 12/15/2008
MarketMinder's View: The US auto industry is dead? Could have fooled us. It’s alive and vibrant—in certain places. Maybe Detroit should take a peek at what its friends down south are doing.
Market Misperceptions
By , MSN Money, 12/15/2008
MarketMinder's View:
This is confusing: Investors shouldn’t be short, but they also shouldn’t be long? The current economic malaise may linger, but the market generally leads the economy.
Sensible Stories
By , The Wall Street Journal, 12/15/2008
MarketMinder's View: Tax cuts are a much better long term growth stimulus than simply handing out money.
Sensible Stories
By , Forbes.com, 12/15/2008
MarketMinder's View: “Don't stifle innovators with government intervention.” Well said.
Sensible Stories
By , The Wall Street Journal, 12/15/2008
MarketMinder's View: Lower credit card interest rates sound like a good thing, but increased regulation as a trade-off is less than ideal.
Market Misperceptions
By , CNNMoney.com, 12/15/2008
MarketMinder's View: It’s a bit of a stretch to blame state budget crises on the “auto crisis.” American cars have been struggling for decades! Certain states’ current predicaments (e.g., California) likely have more to do with poor fiscal management.
Sensible Stories
By , The Wall Street Journal, 12/15/2008
MarketMinder's View: We’ve seen a lot of bumbling around, but we’ve also seen the Fed act quickly and creatively. We agree the Fed still has plenty of tools at its disposal.
Market Misperceptions
By , CNNMoney.com, 12/15/2008
MarketMinder's View: This isn’t good news, but historically, such monthly numbers are not correlated with stock market movements and fluctuate too often to be reliable, forward-looking economic indicators.
Market Misperceptions
By , The Wall Street Journal, 12/15/2008
MarketMinder's View: The VIX “fear indicator” is backward-looking and a faulty tool for predicting future stock movement.
Sensible Stories
By , Financial Times, 12/12/2008
MarketMinder's View: Yes. Yes it is.
Market Misperceptions
By , SmartMoney, 12/12/2008
MarketMinder's View: We disagree. Increased government intervention is not the answer.
Sensible Stories
By , The New York Times, 12/12/2008
MarketMinder's View: This kind of finger-pointing and regret shunning are typical during the dying stages of a bear market.
Market Misperceptions
By , The Wall Street Journal, 12/12/2008
MarketMinder's View: We don’t know if this is necessarily a sign of dire times so much as kids today are darn entrepreneurial.
Market Misperceptions
By , The Daily Telegraph, 12/12/2008
MarketMinder's View: Hold on a minute--one in ten Americans is employed in the automotive industry? Is this in some sort of bizarro world?
Sensible Stories
By , SmartMoney, 12/12/2008
MarketMinder's View: It’s true—unemployment numbers are backward-looking and don’t tell us where the market’s going.
Sensible Stories
By , The Wall Street Journal, 12/12/2008
MarketMinder's View: The relief package fell apart in the Senate, and it looks like the Big Three won’t be getting that $14 billion just yet. However, President Bush is pushing to allow auto makers to tap into existing TARP funds.
Sensible Stories
By , Real Clear Markets, 12/12/2008
MarketMinder's View: We’d take deregulation over bailouts every time.
Market Misperceptions
By , Associated Press, 12/12/2008
MarketMinder's View:
Stimulus plans are popping up all over. As we’ve said before, they’re politically popular and may have some small near-term benefit, but they rarely solve problems long term. 
Sensible Stories
By , Bloomberg, 12/12/2008
MarketMinder's View: Congress passed a bill to “ease pension-funding requirements and excuse older retirees from having to cash out retirement funds.” A more rational bill has not come out of DC in years.
Market Misperceptions
By , The New York Times, 12/11/2008
MarketMinder's View: Trade deficits—through history—have never foreshadowed economic or stock market results.
Sensible Stories
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: A concise argument on why an auto industry Chapter 11 bankruptcy is preferable to a bailout. See our cover stories, “All Hail…the Car Czar?” (12/10/2008) and “A Motor City Mess” (11/11/2008), for more.
Sensible Stories
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: We at MarketMinder are no bailout fans but we can make an exception when it comes to Santa—but no cookies and milk this year!
Sensible Stories
By , CNNMoney.com, 12/11/2008
MarketMinder's View: Many good points in this article for long-term investors.
Sensible Stories
By , Investor’s Business Daily, 12/11/2008
MarketMinder's View: An interesting take on the media’s reporting during the financial crisis.
Market Misperceptions
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: A recession beard “indicator?” We don’t think so.
Sensible Stories
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: There are many myths surrounding how vital it is the Big Three are rescued.
Sensible Stories
By , Financial Times, 12/11/2008
MarketMinder's View: A cogent view on why stimulus programs can have negative unintended consequences. See today’s cover story, “Seasonal Shoppers,” for more.
Market Misperceptions
By , Times Online, 12/11/2008
MarketMinder's View: More money to the government in taxes!? If there are fuels that are viable alternatives to oil and gas, then the reward for developing such an alternative will drive individuals and corporations to find them.
Market Misperceptions
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: Employment is a favorite headline for media outlets—but it’s always been a lagging indicator of economic activity, and therefore useless in forecasting stock market direction.
Market Misperceptions
By , The Wall Street Journal, 12/11/2008
MarketMinder's View: Oh no! Some can no longer afford household help! The world’s coming to an end! Or not. Think of chores as exercise, and all will be well.
Market Misperceptions
By , Fortune, 12/11/2008
MarketMinder's View: In our view, this collection of doomsday predictions says more about today’s sentiment than it does reasonable future expectations.
Market Misperceptions
By , The New York Times, 12/10/2008
MarketMinder's View:
Dire forecasts are typical of periods such as these—expect to hear negative stories well after the market moves higher. This is exactly the wall of worry that new bull markets like to climb.
Sensible Stories
By , The New York Times, 12/10/2008
MarketMinder's View: It’s likely two of the Big Three will receive $15 billion in aid, though there are still details to be worked out.
Market Misperceptions
By , Financial Times, 12/10/2008
MarketMinder's View: An extremely dour outlook on the future of oil demand. We think it’s unlikely oil will drop out as the world’s leading energy resource any time soon.
Sensible Stories
By , The Wall Street Journal, 12/10/2008
MarketMinder's View: For the first time in history, the Fed’s considering issuing its own debt. No matter the outcome, this is worth keeping an eye on.
Sensible Stories
By , The Wall Street Journal, 12/10/2008
MarketMinder's View: There are good reasons to be critical of much of the government’s financial “help” so far this year.
Sensible Stories
By , The Wall Street Journal, 12/10/2008
MarketMinder's View: “Tennis Centers to Nowhere” has a good ring to it.
Sensible Stories
By , The Wall Street Journal, 12/10/2008
MarketMinder's View: Excellent overview of why the so-called bailout doesn’t address the underlying problem.
Market Misperceptions
By , The Los Angeles Times, 12/10/2008
MarketMinder's View: While it’s true times are tougher during a recession, we hardly think anecdotal stories about birthrates are a viable economic indicator.
Sensible Stories
By , Seeking Alpha, 12/10/2008
MarketMinder's View: Today’s less than stellar market environment presents excellent buying opportunities—it may be a good time to take advantage.
Sensible Stories
By , American Spectator, 12/09/2008
MarketMinder's View: Distribute stocks to Americans from bailed-out companies? If our taxes are paying for them, why not get ownership in return?
Market Misperceptions
By , International Business Times, 12/09/2008
MarketMinder's View: While we sympathize with those affected by such credit scams, we have to disagree it’s a viable economic indicator.
Market Misperceptions
By , CNNMoney.com, 12/09/2008
MarketMinder's View: Another proposed stimulus bill from Congress. Should it pass, don’t expect this to have any lasting impact—good or bad. Historically, stimulus bills tend to have very little bang for their buck.
Market Misperceptions
By , CNBC, 12/09/2008
MarketMinder's View: If the Big Three CEOs haven’t steered their firms toward greater prosperity, we can’t imagine why a government “car czar” would be more successful.
Market Misperceptions
By , The Daily Telegraph, 12/09/2008
MarketMinder's View: The driving forces behind globalization still remain in place.
Market Misperceptions
By , RealClearPolitics, 12/09/2008
MarketMinder's View:
Unions have their strong supporters and opponents. But it’s curious you don’t see Honda and Toyota, both with large US operations and thousands of American employees, asking the government for a bailout.
Sensible Stories
By , The Wall Street Journal, 12/09/2008
MarketMinder's View: We’re on board with this idea—tax cuts create an incentive for investment and risk-taking.
Sensible Stories
By , Reuters, 12/09/2008
MarketMinder's View: Times are tough, but “we are in a very different place than the US economy was in the 1930s.”
Sensible Stories
By , The Washington Post, 12/09/2008
MarketMinder's View: It seems like Fannie and Freddie were long aware of their toxic debt and its implications long before “subprime” became a national concern.
Sensible Stories
By , The Wall Street Journal, 12/08/2008
MarketMinder's View: Remember when most people used dial-up internet 10 years ago? With all the talk of “economic planning” these days, it’s amazing to see how far technological innovation based on competition and free markets can get you in such a short time—with little to no “planning”.
Market Misperceptions
By , Barron’s , 12/08/2008
MarketMinder's View: An extremely dour outlook and synopsis of Wall Street’s dramatic ride.
Sensible Stories
By , The Wall Street Journal, 12/08/2008
MarketMinder's View: The results are in. It appears a stimulus package will be handed to the Big Three. Here’s an update on what this entails.
Market Misperceptions
By , MSNBC.com, 12/08/2008
MarketMinder's View: Because nothing runs a business like politicians—just look how successful Amtrak has been. Wait, scratch that.
Sensible Stories
By , RealClearMarkets, 12/08/2008
MarketMinder's View: While the causes of the current problems are numerous, the common narrative is not always the most accurate.
Sensible Stories
By , The Financial Times, 12/08/2008
MarketMinder's View: “In the longer run, it is competition, not anti-competitive practices; it is companies that challenge giants, not the giants themselves, that will enable market economies to do what they do best – increase the material quality of life.” – We agree.
Market Misperceptions
By , The Telegraph, 12/08/2008
MarketMinder's View: We would have to disagree. Circulating more money into the economy in the form of a stimulus package is not always the answer, especially for the long term—typically, the less government intervention the better.
Sensible Stories
By , The New York Times, 12/08/2008
MarketMinder's View: A great take on how to view the Armageddon-like news currently flooding the media. Remember: Several of these indicators are backward-looking—to avoid “herd mentality,” look to what others aren’t reporting.
Sensible Stories
By , The Wall Street Journal, 12/08/2008
MarketMinder's View: Obama is poised to unleash major infrastructure spending. Here’s some advice on how to put these funds to good use.
Market Misperceptions
By , The Daily Telegraph, 12/05/2008
MarketMinder's View: Looking at the turmoil we face now and that which we’ve faced before, it’s impossible to conclude we are entering a “record depression”.
Sensible Stories
By , Reuters, 12/05/2008
MarketMinder's View: We tend to agree, though it will be interesting to see what the feds’ definition of “temporary” will be.
Market Misperceptions
By , CNNMoney, 12/05/2008
MarketMinder's View:
Declines in job reports is undoubtedly bad news—but unemployment numbers are lagging indicators and aren’t predictive for the stock market.
Sensible Stories
By , The Telegraph, 12/05/2008
MarketMinder's View: The term “nuclear option” is probably a bit dramatic. Nevertheless, it’s worth keeping an eye on what the BOE might do next.
Market Misperceptions
By , CNNMoney, 12/05/2008
MarketMinder's View: An article comparing current economic times to that of the 1980s—we see few resemblances.
Sensible Stories
By , The Wall Street Journal, 12/05/2008
MarketMinder's View: “The case for marginal tax and payroll tax cuts is getting stronger” – We’d go as far as suggesting the case for tax cuts is always strong.
Market Misperceptions
By , Time, 12/05/2008
MarketMinder's View: It’s far too early to predict what impact the Big Three’s fate will have on the auto industry, but we doubt the effects will be as catastrophic and far reaching as some claim.  
Market Misperceptions
By , Fox News, 12/05/2008
MarketMinder's View: Mind you, the majority of experts believed oil would hit $200 a barrel just this summer. Whichever direction oil prices go, investors should not consider them a market indicator as oil prices are not historically correlated to stock market movements.
Sensible Stories
By , The Motley Fool, 12/05/2008
MarketMinder's View: We hesitate to boldly state the bear market and recession will be over soon, but remember the stock market is the leading economic indicator, not the other way around. See our 11/4/2008 cover story, “The Ultimate Leading Economic Indicator,” for more.
Market Misperceptions
By , The Financial Times, 12/04/2008
MarketMinder's View:
This is both hypothetical and misleading given how much Foreign Direct Investment has grown over the last 5 years.
Sensible Stories
By , The Wall Street Journal, 12/04/2008
MarketMinder's View: We’re not always keen on increased government intervention, but it’s worth paying attention to what the Feds are up to
Sensible Stories
By , Forbes, 12/04/2008
MarketMinder's View: It’s important to keep an eye on what’s going on globally. The Bank of England cut its benchmark rate to a record low of 2.0%, having little impact on stocks, while the European Central Bank lowered rates to 2.5%.
Sensible Stories
By , Investor’s Business Daily, 12/04/2008
MarketMinder's View: While we have no prediction on when the recession will end, we do know market rallies after bottoms can be very prosperous for investors.
Market Misperceptions
By , BBC News, 12/04/2008
MarketMinder's View: A very dour outlook on what will happen should the Big Three be rejected in their pleas. Regardless of their future, these companies don’t have as much of an effect on the economy as many fear. 
Market Misperceptions
By , Bloomberg, 12/04/2008
MarketMinder's View: When will it be enough? As the economy remains in a recession, calls are being made for a $1 trillion stimulus package. If stimulus packages were a panacea, the one from earlier this year would have had a more tangible effect.
Sensible Stories
By , The Globe and Mail, 12/04/2008
MarketMinder's View: Lower 30-year fixed mortgage rates are spurring buying action. New and refinanced loan applications boasted an astronomical 112% leap last week. Still, we advise caution. This is a very short-term reading.
Sensible Stories
By , The Wall Street Journal, 12/04/2008
MarketMinder's View: You need only look at America's achievements of the last one hundred years to appreciate this.
Market Misperceptions
By , The Los Angeles Times, 12/04/2008
MarketMinder's View:
Now the economy is to blame for forcing divorced couples to live together? We don’t think so. Ignore.
Market Misperceptions
By , Bloomberg, 12/04/2008
MarketMinder's View: It’s true we are in a recession and unemployment has risen somewhat, but forecasting this recession to be the worst in post-World War II history has little basis in reality. It’s important to also note unemployment numbers are a lagging indicator.
Sensible Stories
By , The Wall Street Journal, 12/03/2008
MarketMinder's View: Here’s an interesting view on how government bailouts have become mainstream as of late.
Market Misperceptions
By , The Financial Times, 12/03/2008
MarketMinder's View:
This is both hypothetical and misleading given how much Foreign Direct Investment has grown over the last 5 years.
Market Misperceptions
By , The Los Angeles Times, 12/03/2008
MarketMinder's View: Library foot traffic is now an economic indicator? Ignore
Sensible Stories
By , Money Magazine, 12/03/2008
MarketMinder's View: Don’t let fear get the best of you. If you think with your head versus your heart, it’s clear today’s market environment provides great investing opportunity.
Sensible Stories
By , The Chicago Tribune, 12/03/2008
MarketMinder's View: Automakers met with Congress Tuesday to discuss their bailout proposals. Long story short—they’re seeking $34 billion to aid their ailing industry.
Market Misperceptions
By , The Telegraph, 12/03/2008
MarketMinder's View: A misguided explanation on how the global economy got where it is today.
Sensible Stories
By , The Wall Street Journal, 12/03/2008
MarketMinder's View: There is some speculation about whether or not Paulson plans to request the next $350 billion for TARP. Worth keeping an eye on.
Sensible Stories
By , Bloomberg, 12/03/2008
MarketMinder's View: “Cyber Monday” sales were the second-biggest in history. Consumers are responding positively to Internet discounts. It’s true things aren’t rosy in the economy now, but the data clearly show weakness, not implosion.
Market Misperceptions
By , The Financial Times, 12/03/2008
MarketMinder's View: It’s hard to give credence to the notion that deflation is now the most pressing concern when only six months ago inflation was supposedly the key worry.
Sensible Stories
By , Bloomberg, 12/03/2008
MarketMinder's View: Don’t look backward for explanations of current market conditions. Ultimately, the stock market is forward-looking and the leading economic indicator.
Sensible Stories
By , The Washington Times, 12/03/2008
MarketMinder's View: Cutting taxes is a lot more effective than handing out money.
Sensible Stories
By , 12/02/2008
MarketMinder's View: Whilst you shouldn’t pay too much attention to one day data, you equally shouldn’t ignore all good news just because of the pervading sense of doom and gloom.
Sensible Stories
By , Wall Street Journal, 12/02/2008
MarketMinder's View: We do agree with the former chairman and CEO of AIG that Washington has been inconsistent in their efforts to aid troubled financial companies, but we hesitate to think increased government control will solve all financial ills.
Sensible Stories
By , Breitbart.com, 12/02/2008
MarketMinder's View: An important perspective from one of the leading Depression scholars (who also happens to be the Fed Chairman).
Market Misperceptions
By , Real Clear Markets, 12/02/2008
MarketMinder's View:

We’re wary of any idea that concludes “thus making monetary errors a thing of the past.”

Sensible Stories
By , Real Clear Markets, 12/02/2008
MarketMinder's View: Save if you want to save and spend if you want to spend. Both consumption and saving can stimulate the economy—what matters is folks are free to allocate capital freely and efficiently via a stable financial system.
Sensible Stories
By , Forbes, 12/02/2008
MarketMinder's View: A good article on why labeling a recession is more about the past than the future—and the future is what investors should focus on.
Market Misperceptions
By , US News, 12/02/2008
MarketMinder's View: Ultimately, this amounts to another overly dour outlook on the economy. Remember, the four most dangerous words in investing are “this time is different.”
Market Misperceptions
By , Yahoo, 12/01/2008
MarketMinder's View:
Bad news, no doubt. But it’s vital to remember backward-looking data like this can’t tell investors much of anything about what stocks are likely to do in the future.
Sensible Stories
By , The Wall Street Journal, 12/01/2008
MarketMinder's View: Political bickering aside, this is a cogent view comparing today with the Great Depression.
Sensible Stories
By , Forbes.com, 12/01/2008
MarketMinder's View: By remembering how we’ve overcome more serious troubles in the past.
Sensible Stories
By , The Wall Street Journal , 12/01/2008
MarketMinder's View: When compared to foreign automakers—who manufacture on US soil—the problems of the Big Three are much clearer.
Sensible Stories
By , Bloomberg, 12/01/2008
MarketMinder's View: It’s probably a tad dramatic to claim emerging markets will “rescue” the world, but we heartily agree they are an important economic factor and will be a source of strength looking ahead.
Market Misperceptions
By , The Wall Street Journal, 12/01/2008
MarketMinder's View: Somehow, we don’t think waning country club membership is an appropriate economic indicator.
Sensible Stories
By , Forbes, 12/01/2008
MarketMinder's View: A worthwhile perspective on the potential market and economic recovery ahead.
Sensible Stories
By , The New York Times, 12/01/2008
MarketMinder's View: Geopolitical uncertainty resulting from the terrorist attacks in Mumbai, a major world financial center, is worth monitoring.
Market Misperceptions
By , The Daily Telegraph, 12/01/2008
MarketMinder's View: Sensational storytelling might generate newspaper sales but that doesn’t make them accurate.
Market Misperceptions
By , CNNMoney, 12/01/2008
MarketMinder's View: Yes, this is bad news. But it is a misperception because a “26-year low” is a random and meaningless anchor for comparison. The absolute amount of manufacturing in the economy is still well above where it was a decade ago and is coming off a period of solid growth.