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Market Misperceptions
By , Seeking Alpha, 12/31/2010
MarketMinder's View: Indicators like the “December Low Indicator” and “First Five Days Early Warning System” aren’t reliable forecasters of stock prices. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , The Wall Street Journal, 12/31/2010
MarketMinder's View: China continued relaxing strict financial controls all year—an essential strategy for sustained economic growth in the longer term.
Market Misperceptions
By , International Business Times, 12/31/2010
MarketMinder's View:
Chinese growth may slow a bit on tighter economic policy, but 2011 GDP expanding 8.5%? Yes, please!  Also, China’s important but isn’t the only game in Emerging Markets. For more, see our 12/28/2010 cover story, “Indian Infrastructure.”
Market Misperceptions
By , The Motley Fool, 12/31/2010
MarketMinder's View:
Actually, US stocks have been a good buy for awhile now.
Sensible Stories
By , Financial Times, 12/31/2010
MarketMinder's View: A double-dip recession was one of a number of prominent concerns that failed to materialize this year—contributing to a volatile but surprisingly (to some) decent 2010.
Sensible Stories
By , The Australian, 12/31/2010
MarketMinder's View: “With corporations sitting flush with cash and the global economy on the mend, next year should be even more active.” Yep. See our 11/12/2010 cover story, “Making More Out of Less,” for more.
Market Misperceptions
By , Fortune, 12/31/2010
MarketMinder's View: There are always headwinds (and our eyes are eternally peeled for truly bearish ones). But as 2011 looms, it’d be more concerning if no one was worrying about them.
Market Misperceptions
By , The Australian, 12/31/2010
MarketMinder's View: This seems more about fun than facts. But in case you didn’t know: We wouldn’t stake a dime on astrology accurately forecasting the stock market or economy. 
Sensible Stories
By , The Wall Street Journal, 12/31/2010
MarketMinder's View: The global economic recovery continues to be particularly strong in Asia.
Market Misperceptions
By , The Telegraph, 12/30/2010
MarketMinder's View: Spreads across the eurozone have been increasing recently, but that’s likely a more accurate reflection of risk than what predominated in the early part of the decade. And while uncomfortable in the interim, the financial woes faced by peripheral countries in the eurozone seem unlikely to multiply and cause a larger crisis. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Sensible Stories
By , The Economist, 12/30/2010
MarketMinder's View: The housing market continues to recover despite recent distortions created by the tax credit. While unlikely to lead the way, housing’s improved health is nonetheless a positive sign that recovery continues across economic sectors.
Market Misperceptions
By , USA Today, 12/30/2010
MarketMinder's View: Yes, the period from 2001–2010 has been a volatile one for the markets—as have many other 10-year periods throughout history. But one could just as easily find many 10-year periods where stocks have done very well. Unless you only plan to invest for 10 years beginning the first year of a new decade, analyses like these are fairly meaningless and overblown.
Sensible Stories
By , The Wall Street Journal, 12/30/2010
MarketMinder's View: Economic data from Spain is improving, albeit slowly. Regardless, it’s a positive sign for continued economic recovery on the Continent.
Sensible Stories
By , The Telegraph, 12/30/2010
MarketMinder's View: While good regulation can help ensure customers and investors are protected, overly stringent requirements based on a faulty understanding of the events of 2008 seem more like an attempt to find a scapegoat rather than address the actual underlying causes—and are more likely to do more harm than good.
Market Misperceptions
By , The Independent, 12/30/2010
MarketMinder's View:
Such indicators as the “rule of 20” are overly simplistic and misleading in implying a direct cause-and-effect relationship between their movement and that of the market. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , Time, 12/30/2010
MarketMinder's View: China has inarguably become an important player in global political and economic discussions and decisions. But it’s important to keep in mind they still have a long way to go—nearly any way you slice it.
Market Misperceptions
By , The New York Times, 12/30/2010
MarketMinder's View:
This overly dour take ignores not only positive economic data in the US and globally but exaggerates the political troubles facing the eurozone. While there are certainly challenges ahead, the eurozone seems unlikely to break apart completely—at least in the near term. For more, see our 12/29/2010 column, “In Depth: The Eurozone in Perspective.”
Sensible Stories
By , The Wall Street Journal, 12/30/2010
MarketMinder's View: “An uptick in business lending is an optimistic sign for the economy and can help to make the recovery self-sustaining. Such loans likely will be used by businesses to expand their operations, which could lead to new jobs and eventually to increased borrowing and spending by hired workers.”
Sensible Stories
By , The Sydney Morning Herald, 12/29/2010
MarketMinder's View: Further proof US consumers were out in force this holiday season.
Market Misperceptions
By , The Telegraph , 12/29/2010
MarketMinder's View:
Indeed it’s possible the UK could shed jobs in 2011, but these figures are just an estimate by one organization, not a guarantee. And remember, growth creates jobs, not the reverse. Employment figures typically turn around long after stocks and the broader economy are in recovery.
Sensible Stories
By , Bloomberg, 12/29/2010
MarketMinder's View: It’s a lesson politicians seemingly refuse to learn—lowering taxes often increases tax revenue—and can provide an economic boost to boot.
Market Misperceptions
By , Financial Times, 12/29/2010
MarketMinder's View:
There will always be risks—that’s one of the few certainties when it comes to stock investing. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Sensible Stories
By , The Independent, 12/29/2010
MarketMinder's View: “Life isn't always great but it's a lot better than it used to be.” Few would likely describe the last few years as carefree. But sometimes a reminder of how lucky folks in the developed world are.
Sensible Stories
By , Bloomberg, 12/29/2010
MarketMinder's View: US and global stocks are firmly in positive territory for 2010. For more, see our 12/22/2010 cover story, “A Back-end Boost.”
Sensible Stories
By , BusinessWeek, 12/29/2010
MarketMinder's View: Another sign of freer trade between the US and China—good news for both nations.
Market Misperceptions
By , The New York Times, 12/29/2010
MarketMinder's View:
Public opinion polls and employment figures simply aren’t reliable indicators to measure economic recovery. 
Market Misperceptions
By , The Street, 12/29/2010
MarketMinder's View:
And? Arbitrary indicators say nothing about the future direction of commodities or stocks. For more, see our 03/18/2010 cover story, “Meaningless Markers.”
Market Misperceptions
By , MoneyWatch, 12/29/2010
MarketMinder's View:
We agree with the advice from Mr. Buffett to be greedy when others are fearful and vice versa—and sure, negative sentiment is starting to thaw, but investors are hardly in a state of irrational exuberance. For more on why good news is good for stocks, see our 12/24/2010 cover story, “The Many Gifts of Capitalism.”
Market Misperceptions
By , The Wall Street Journal , 12/29/2010
MarketMinder's View:
While sensationalized headlines about China cutting rare earth quotas sound ominous, it’s not as rare or harmful as pundits declare. For more, see today’s cover story, “Cutting the Cord.”
Market Misperceptions
By , The Associated Press, 12/28/2010
MarketMinder's View: There’s a lot to pick apart here. First, private businesses have added US jobs every month of 2010. Second, profit recoveries lead to hiring plans later (why would a company losing money spend more on staffing)? Third, outsourcing occurred even in 2007—when US unemployment was quite low. Fourth, booming overseas economies have helped pull the US from recession and provided more work for Americans. For more, see our 12/24/2010 cover story, “The Many Gifts of Capitalism.”
Sensible Stories
By , The Wall Street Journal, 12/28/2010
MarketMinder's View: It will be interesting to see how the tweaks to a wonky government report influence data moving forward. More importantly, know this change doesn’t fix the highly bizarre math used to generate unemployment statistics. For more, see our 12/06/2010 cover story, “A Lesson In Government Math.”
Market Misperceptions
By , The Street, 12/28/2010
MarketMinder's View: Though we’d stop short of calling a gold bubble today, this kind of talk is exactly what we’d expect to see in droves when an asset bubble is inflating. When someone conjures price drivers out of thin air and disregards discussion of potential downside, that’s your cue to ignore the idea that a bubble is “impossible.”
Market Misperceptions
By , MoneyWatch, 12/28/2010
MarketMinder's View: While we agree with the general comment that one shouldn’t base investment decisions on only a few headlines, in this case, there are far more than a few good headlines—we have over a year of economic growth, record corporate profits, and cheap stocks. In fact, those focusing on the negatives are concentrating on too few headlines. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , CNNMoney, 12/28/2010
MarketMinder's View: What folks say to a researcher regarding their feelings about the economy is just not a reliable forward-looking indicator of economic conditions. At best, it’s a look at the present or very recent past.
Sensible Stories
By , Bloomberg, 12/28/2010
MarketMinder's View: The holiday season was a rewarding one for US retailers. Consumers snapped up discretionary items like jewelry and clothing at a far faster pace than a year ago.
Sensible Stories
By , The New York Times, 12/28/2010
MarketMinder's View: “You can always make news with doomsday predictions, but you can usually make money betting against them.” Seems to work out that way quite a lot.
Sensible Stories
By , The New York Times, 12/28/2010
MarketMinder's View: In this piece, we disagree with the assertion that government is the “solution.” But the main point—that the US isn’t becoming Weimar Germany—is sound. For more, see our 09/23/2010 column, “On Wheelbarrows and Flogging.”
Market Misperceptions
By , The New York Times, 12/28/2010
MarketMinder's View:
It’s clearly a challenging environment for the unemployed. But to claim “we are witnessing the birth of a new class” is just another variation of “this time it’s different.” Where was this “new class” when we had higher unemployment in the early 1980s (or any other recession with elevated unemployment)? Also, unemployment isn’t slowing the economic recovery, the economic recovery is gradually slowing unemployment (as it normally does).
Market Misperceptions
By , The Telegraph, 12/27/2010
MarketMinder's View:
QE2 probably wasn’t necessary, but it shouldn’t do too much harm either. For more, see our 12/06/2010 column, “In Depth: Q&A on QE2.”
Market Misperceptions
By , Associated Press, 12/27/2010
MarketMinder's View: Sure, the East Coast spent one of the busier shopping days waiting out a Nor’easter. But one missed day of shopping after Christmas isn’t going to ruin a great year—2010 was the “highest-spending holiday season since 2007.”
Sensible Stories
By , The Associated Press, 12/27/2010
MarketMinder's View: “American shoppers came back in force for the holidays, right to the end. After two dreary years, Christmas 2010 will go down as the holiday Americans rediscovered how much they like to shop.”
Market Misperceptions
By , The Wall Street Journal , 12/27/2010
MarketMinder's View:
The simple fact is “hard” assets aren’t an investing safe haven or a guarantee against inflation. The price of silver may be nearing 30-year highs, but that says nothing about where silver will go next. Plus, the long-term returns of silver, or other precious metals, pale in comparison to equities.
Market Misperceptions
By , Daily Finance, 12/27/2010
MarketMinder's View:
Some of the indicators on this list are dubious at best (like sentiment indicators and oil prices). But individually or collectively, these eight signs likely won’t halt the recovery.
Sensible Stories
By , Chicago Sun-Times, 12/27/2010
MarketMinder's View: Here’s a refreshing take on prosperity: “We are told that there are too many ‘rich’ people. Instead, we should think that there are not enough rich people.”
Sensible Stories
By , Associated Press , 12/27/2010
MarketMinder's View: Not surprisingly, the tax bill (which we hope benefits businesses) has proponents and detractors. And their opinions are largely based on politics, not economics. For more, see our 12/20/2010 cover story, “Politically Taxing Our Ears.”
Sensible Stories
By , SME Times, 12/27/2010
MarketMinder's View: Manufacturing continues to be a global bright spot.
Sensible Stories
By , The Wall Street Journal , 12/27/2010
MarketMinder's View: Thus far, the Chinese leadership has been able to control prices while allowing growth. For more, see our 12/14/2010 cover story, “China’s Not Choking.”
Market Misperceptions
By , Los Angeles Times , 12/27/2010
MarketMinder's View:
Last time we checked, prevailing investor sentiment was pretty dour—and has been for quite a while. But that’s actually bullish for stocks. For more, see our 12/01/2010 cover story, “2010’s Wall of Worry.”
Market Misperceptions
By , The Christian Science Monitor, 12/23/2010
MarketMinder's View:
Let’s get this straight: France isn’t Spain, which isn’t Portugal, which, in turn, isn’t Ireland, which isn’t Greece. What makes them different? Country-by-country economic conditions aren’t the same. France has been toward the upper end of eurozone economic growth recently and is in vastly better shape than Ireland or Greece. For more, see our 11/22/2010 cover story, “All Things European.”
Sensible Stories
By , The Wall Street Journal, 12/23/2010
MarketMinder's View: While 2009 numbers are quite dated, this article makes an interesting point: If you’re looking for something the US leads in, try manufacturing productivity.
Market Misperceptions
By , MoneyWatch, 12/23/2010
MarketMinder's View:
The inventories argument simply doesn’t hold water. If inventory builds don’t count toward economic growth, then inventory depletion shouldn’t have counted against the economy during the recession. That would take the -6.8% annualized growth in Q4 2008 up to -4.0%, the -4.9% in Q1 2009 up to -1.1%, and the -0.7% growth in Q2 2009 up to +4.4%!
Sensible Stories
By , BusinessWeek, 12/23/2010
MarketMinder's View: M&A activity is bullish because it helps reduce the supply of stock available to investors, lifting prices. With balance sheets flush with cash, companies may use that capital on mergers next year—a positive for both the economy and the market.
Sensible Stories
By , The Motley Fool, 12/23/2010
MarketMinder's View: “As a shareholder, if your company can earn a double-digit return on investing your money, you shouldn’t want a dividend—especially since it’s so hard right now to find good returns on the dividend cash you receive.” We couldn’t have said it better ourselves.
Market Misperceptions
By , BusinessWeek, 12/23/2010
MarketMinder's View: This article seems to be a rather random assortment of some of the fears the market faced in 2010—from PIIGS concerns to the Icelandic volcano eruption in April. But this tells you nothing about the future direction of the economy or the market and ignores many positives.
Market Misperceptions
By , The Globe and Mail, 12/23/2010
MarketMinder's View: The conclusions drawn here are based on the assumption the US’s “elevated debt levels triggered the worse (sic) economic downturn since the Depression,” which is at best an overly simplistic evaluation of the recent recession. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.”
Market Misperceptions
By , Seeking Alpha, 12/23/2010
MarketMinder's View: There are always potential negatives (and items perceived as negatives), but that doesn’t mean you should ignore extant positives. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Sensible Stories
By , Bloomberg, 12/23/2010
MarketMinder's View: More positive economic data—and signs the economic expansion should continue into 2011.
Sensible Stories
By , MarketWatch, 12/23/2010
MarketMinder's View: While concerns regarding the potential for US hyperinflation resulting from QE2 have been widely publicized, inflation has remained subdued.
Sensible Stories
By , Chicago Sun-Times, 12/22/2010
MarketMinder's View: With US consumer spending up (one of the largest economic contributors), the economy is coming into the light even more.
Sensible Stories
By , The Wall Street Journal, 12/22/2010
MarketMinder's View: Austerity is tough medicine for a number of European countries, but it should ultimately result in more sound and efficient economies.
Sensible Stories
By , CNNMoney, 12/22/2010
MarketMinder's View: US and global economies continue to expand at faster paces than most expected just months ago.
Sensible Stories
By , Café Hayek, 12/22/2010
MarketMinder's View: “‘The manufacturing that results from home-grown innovation’ is manufacturing that relies heavily upon the intensive use of machines, chemical processes, and other non-human means of production. And one essential pre-requisite for much of this labor-saving innovation is global trade that expands the size of markets and, thus, increases the potential returns to innovation.” Yep, exactly.
Market Misperceptions
By , The New York Times, 12/22/2010
MarketMinder's View: It’s incredibly unsurprising the long-term unemployed folks surveyed here are pessimistic about the economy. That’s a very difficult personal situation, but it is far from a macroeconomic indicator of any value.
Sensible Stories
By , Bloomberg, 12/22/2010
MarketMinder's View: Central banks worldwide are taking steps to ensure the financial system remains on solid footing. In Europe, demand for ECB loans has diminished considerably since 2009.
Market Misperceptions
By , Barron’s, 12/22/2010
MarketMinder's View:
Earnings growth in 2010 has been exceptionally strong, but it can’t keep such a rapid pace forever. Earnings growth may decelerate in 2011, but should remain solidly in double digits.
Market Misperceptions
By , The Wall Street Journal, 12/22/2010
MarketMinder's View:
Another warning for one of the PIIGS. We’ve said time and again, credit ratings and their “warnings” matter little in the grand scheme of things. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , The Motley Fool, 12/22/2010
MarketMinder's View:
Dividends aren’t a bad thing to be sure, but there’s an enormous amount of mythology about what dividends do and do not indicate. For more, see our 08/06/2010 column, “Sometimes True.”
Sensible Stories
By , The Wall Street Journal, 12/21/2010
MarketMinder's View: Advancing life expectancies are leading investors to live longer lives on average. Instead of betting against strangers in bizarre insurance investments, investors should remember retirement is becoming a longer period of time—frequently necessitating growth-oriented investments to fund these later years.
Sensible Stories
By , The Wall Street Journal, 12/21/2010
MarketMinder's View: Holiday season retail sales continue to be strong—again showing US consumers are alive and well. For more, see our 11/30/2010 cover story, “Black Friday Not So Bleak.”
Market Misperceptions
By , Fox Business, 12/21/2010
MarketMinder's View:
Ratings agencies’ opinions are far from perfectly accurate, and investors should view their actions with healthy skepticism. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , The Associated Press, 12/21/2010
MarketMinder's View: Spain has seen strong investor demand at recent auctions, and Tuesday’s was no exception. In addition, the government deficit posted a sizeable year-over-year decline through November.
Sensible Stories
By , EUbusiness, 12/21/2010
MarketMinder's View: “The European Central Bank said Monday it had sharply reduced purchases of government debt last week, a signal that some calm might have returned to a crucial financial market.” Combined with recent successful Spanish and Portugese bond auctions, this speaks to a healthier eurozone than widely perceived.
Market Misperceptions
By , The New York Times, 12/21/2010
MarketMinder's View:
“Should the Rise in Temporary Workers Scare Us?” by Daniel Indiviglio highlights important reasons this story is off base. See today’s “Sensible Stories” for a link to the article.
Sensible Stories
By , The Atlantic, 12/21/2010
MarketMinder's View: While some opine currently rising temporary employment is a negative sign for employment, this isn’t an unusual trend.
Market Misperceptions
By , Bloomberg Businessweek, 12/21/2010
MarketMinder's View:
We wholeheartedly agree with the importance placed on distribution rates in this piece, but virtually all of the analysis regarding expected equity returns is a projection of what’s happened in the last 10 years into the future. Stocks have had poor rolling decades in the past, but they haven’t signaled a fundamental shift in the investing environment.
Market Misperceptions
By , International Business Times, 12/21/2010
MarketMinder's View:
Perhaps gold does reach $2,000/oz, but analyzing the future moves of the market using the “gold-to-oil ratio” is faulty logic—as is much of the rest of this piece.
Market Misperceptions
By , Fox Business, 12/20/2010
MarketMinder's View: “With the new tax cuts, rating agencies should downgrade US government debt to junk.” Seems more like a tantrum than rational economic analysis. Ignore.
Market Misperceptions
By , International Business Times, 12/20/2010
MarketMinder's View: Could Japan technically slip back into recession? Possibly. What does that mean for the global economy? Very little. Though developed markets have been faring better than most expected, Emerging Markets are today’s engines of global economic growth.
Sensible Stories
By , International Business Times, 12/20/2010
MarketMinder's View: Yet another positive (albeit small) step in increasing global trade, which benefits all. For more, see our 12/17/2010 cover story, “Creativity Counts.”
Sensible Stories
By , The Wall Street Journal, 12/20/2010
MarketMinder's View: Even bond managers are realizing the benefit of stock ownership.
Market Misperceptions
By , The Wall Street Journal, 12/20/2010
MarketMinder's View: Rising oil is hardly a risk of thwarting the recovery. These types of concerns tend to crop up but don’t mean much.
Sensible Stories
By , Associated Press, 12/20/2010
MarketMinder's View: With time dwindling down and the holiday weekend fast approaching, consumers are packing stores, showing strong demand.
Sensible Stories
By , Daily Finance, 12/20/2010
MarketMinder's View: We would agree. Stocks have had a nice showing in 2010, and the stage appears to be set for a strong 2011.
Market Misperceptions
By , Associated Press, 12/20/2010
MarketMinder's View:
Such downgrades shouldn’t cause worry—they merely reflect what investors already widely know. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , SME Times, 12/17/2010
MarketMinder's View: Well, that’s not a good idea if India wishes to continue growing and be competitive on the global market. Protectionist policies tend to hurt more than help.
Sensible Stories
By , Bloomberg, 12/17/2010
MarketMinder's View: This is a fairly wonky indicator. Not the least because one of the components is the stock market—itself a leading economic indicator. At any rate, this still largely supports the fact the economy has been and is still growing.
Market Misperceptions
By , The Boston Globe, 12/17/2010
MarketMinder's View: Novelty? Yes. But try buying your movie tickets with bullion. We’ll take plain old cash, thanks.
Sensible Stories
By , Carpe Diem, 12/17/2010
MarketMinder's View: US rail traffic volume continues to increase—good news, since this means more goods are being transported to where they’re demanded, which means…people and businesses are consuming!
Market Misperceptions
By , The New York Times, 12/17/2010
MarketMinder's View:
The good news is that the good news is finally being noticed rather than ignored in favor of bad news. We’d also argue the recovery—be it economic or stock market—hasn’t stopped and is actually continuing just fine.
Market Misperceptions
By , Reuters, 12/17/2010
MarketMinder's View: Not a surprise at all. This puts Moody’s in line with the other agencies, and all of them in line with what the market is already saying through higher yields.
Sensible Stories
By , Associated Press, 12/17/2010
MarketMinder's View: This “could be viewed as a healing sign for the US economy as Americans regain their appetite to spend.” Yep—as American consumers start spending more, imports will increase, hence the increase in the trade deficit. Pretty straightforward, and not alarming.
Sensible Stories
By , Reuters, 12/17/2010
MarketMinder's View: In our view, not imposing a tax hike is an economic positive for the US. But the benefits and drawbacks touted by both supporters and critics are largely overblown.
Sensible Stories
By , The Independent, 12/16/2010
MarketMinder's View: Consumers continue to defy obstacles, including bad winter weather—a testament to technology’s powerful impact on economic growth and development.
Sensible Stories
By , Bloomberg, 12/16/2010
MarketMinder's View: Manufacturing accelerates as the labor market continues to strengthen—positive signs that recovery continues apace.
Market Misperceptions
By , The Independent, 12/16/2010
MarketMinder's View:
As we’ve said before, employment improvements normally lag the economy—sometimes by many months if not multiple years. And with inflation still very tame globally, claims of stagflation are premature at best.
Sensible Stories
By , EU Business, 12/16/2010
MarketMinder's View: Germany continues to stand firm behind the eurozone and the euro. No doubt the PIIGS face a rocky road (some more so than others), but with the firm backing of Germany, odds of a sovereign debt contagion remain slim.
Market Misperceptions
By , The Motley Fool, 12/16/2010
MarketMinder's View:
That 101 stocks have more than doubled over the last several months doesn’t tell you anything about what they’ll do over the coming months—or what the market as a whole will do, for that matter.
Market Misperceptions
By , The New York Times, 12/16/2010
MarketMinder's View: No surprise here—politicians on both sides of the aisle have studied 2008’s financial panic for two years and still don’t get it.
Market Misperceptions
By , Seeking Alpha, 12/16/2010
MarketMinder's View:
While sometimes helpful in evaluating historical prices, technical analysis provides very little useful information about where stocks may be headed in the future. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , The Telegraph, 12/16/2010
MarketMinder's View:
Spain successfully sold €2.4 billion in bonds at a higher rate—hardly surprising given perceived country risks in the eurozone. But demand was good—a positive. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Sensible Stories
By , The Syndney Morning Herald, 12/16/2010
MarketMinder's View: Lowering trade barriers benefits all countries involved and results in cheaper goods and greater economic efficiency.
Sensible Stories
By , CNNMoney, 12/15/2010
MarketMinder's View: The headline here says it all. Inflation may be an issue a ways down the road, but that’s no guarantee—and for the time being, it’s firmly in check.
Market Misperceptions
By , The Wall Street Journal , 12/15/2010
MarketMinder's View:
The recovery isn’t occurring evenly across the eurozone, so it should come as no surprise eurozone employment isn’t improving evenly. But in aggregate, the region is far healthier than most realize.
Market Misperceptions
By , Seeking Alpha, 12/15/2010
MarketMinder's View:
As we’ve said many times before, technical indicators like the VIX, or “the fear indicator,” are about as useful as tarot cards for predicting stock market trends. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , BBC, 12/15/2010
MarketMinder's View:
Investors should analyze confidence surveys with a critical eye as they tend to note how folks feel about what’s just happened and not what will happen in the future. 
Sensible Stories
By , Financial Times, 12/15/2010
MarketMinder's View: China has tightened economic policy in 2010, but it doesn’t appear they’re interested in pulling the rug out too fast. For more, see our 12/14/2010 cover story, “China’s Not Choking.”
Sensible Stories
By , The Wall Street Journal , 12/15/2010
MarketMinder's View: “Consumers went on their biggest shopping spree since before the recession, providing fresh evidence the economic recovery is gathering steam heading into 2011.” Enough said.
Sensible Stories
By , Bloomberg, 12/15/2010
MarketMinder's View: US industrial production beat expectations in November—a bullish sign recovery continues.
Sensible Stories
By , MarketWatch, 12/15/2010
MarketMinder's View: The Fed held rates steady and will continue with QE2, an acceptable course of action—but one that won’t do what the economy isn’t already doing on its own. For more, see today’s cover story, “Classic Divergence.”
Market Misperceptions
By , Bloomberg, 12/15/2010
MarketMinder's View:
Moody’s and the other rating agencies have plenty to say about the PIIGS (analysis that’s usually late and rather obvious). But ironically, they’re facing their own downgrade here in the US. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , Bloomberg via The Washington Post, 12/14/2010
MarketMinder's View:
This is just more bank bashing, which seems more globally popular than soccer over the past two years.
Market Misperceptions
By , Fortune, 12/14/2010
MarketMinder's View:
Ratings agencies are dubious sources to begin with, and this analysis of the tax cut deal overlooks potential growth benefits that could wind up increasing tax revenue and GDP—which would both improve our nation’s fiscal position, not weaken it. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , Forbes, 12/14/2010
MarketMinder's View: A bevy of interesting observations leading to a conclusion we entirely agree with: “The bottom line is that stocks remain cheap, while bonds are certainly not.” For more, see our 12/08/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , The New York Times, 12/14/2010
MarketMinder's View: Lately, Japan has had its share of economic problems, but this type of pro-business proposal is a good start at improving future growth prospects.
Sensible Stories
By , Carpe Diem, 12/14/2010
MarketMinder's View: US November retail sales posted solid gains at the holiday shopping season's start and are now at their second highest level ever—behind only November 2007.
Sensible Stories
By , Bloomberg, 12/14/2010
MarketMinder's View: "Inventories in the US rose less than forecast in October, restrained by the biggest drop in retail stockpiles in more than a year as merchants had trouble keeping up with surging demand." A good sign of increasing demand and confidence at the start of Q4 2010.
Market Misperceptions
By , Seeking Alpha, 12/14/2010
MarketMinder's View: “Recessions and economic downturns are driven by changes in regulatory, trade, fiscal, and monetary policies, as well as cycles in agriculture, business, consumption, and wars.” Can a random sequence of numbers predict these non-mathematical events a decade in advance? We’re skeptical. This seems to us more like a data-mining tour de force to ignore.
Market Misperceptions
By , BBC, 12/14/2010
MarketMinder's View:
Perhaps eurozone economic growth has been incrementally impacted by sovereign debt issues in nations like Greece and Ireland, but pointing to industrial production’s slower rate of growth as evidence of a sovereign debt-driven slowdown is weak considering the same issues have existed all year—peaking in Q2 when eurozone industrial production surged. For some recent history, see our 08/16/2010 cover story, “Prost!”
Sensible Stories
By , Bloomberg, 12/13/2010
MarketMinder's View: “Debtors have failed to make good on their obligations throughout history, and we’re still here.” Exactly!
Market Misperceptions
By , International Business Times, 12/13/2010
MarketMinder's View:
Yes, dictatorships can make decisions quickly, but that’s not always a good thing. We’ll take democracy any day.
Market Misperceptions
By , Daily Finance, 12/13/2010
MarketMinder's View:
Stock valuations are extremely attractive relative to fixed income alternatives, earnings are growing at a very healthy clip and trouncing expectations, recent economic indicators have been beating forecasts, trade barriers are falling, sentiment is still cautious—the list of positive fundamentals goes on and on. Why exactly does the market need a breather?
Market Misperceptions
By , MarketWatch, 12/13/2010
MarketMinder's View:
Stocks will likely experience another bear market sometime in the next decade. But that doesn’t mean the next decade will offer poor returns, and it tells investors nothing about the period immediately ahead.
Sensible Stories
By , MarketWatch, 12/13/2010
MarketMinder's View: As folks realize the world is in pretty good shape, demand for stocks tends to grow. We think this trend has a ways to go.
Market Misperceptions
By , Bloomberg via The Washington Post, 12/13/2010
MarketMinder's View:
Forecasts out this far do investors a disservice.  They’re meaningless in the next year or two—the period that really matters for stocks—and no one can know what the economic environment will look like that far out.
Sensible Stories
By , The Wall Street Journal, 12/13/2010
MarketMinder's View: This shouldn’t come as a surprise, but it’s worth keeping an eye on. For more, see our 12/8/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , EU Business, 12/13/2010
MarketMinder's View: The wave of falling trade barriers is likely to continue, benefiting the global economy. For more, see our 10/8/2010 cover story, “Protectionist Hot Air.”
Market Misperceptions
By , Daily Finance , 12/10/2010
MarketMinder's View: First, bullish sentiment is very difficult to find. Second, the VIX is an inherently faulty, backward-looking indicator.
Market Misperceptions
By , SmartMoney, 12/10/2010
MarketMinder's View:
Actually, this ignores the fact that bull markets are longer and stronger than most think. Just because stocks have rallied strongly doesn’t mean they must fall. Nor does it mean stocks must rise in a straight line up with no volatility. Stocks can and do keep rising with volatility.
Market Misperceptions
By , The Washington Post, 12/10/2010
MarketMinder's View: US tax policy is less impactful on global stocks than many think, but we fail to understand how taxing producers leads to more economic activity. Rather, it could dampen activity or make some firms relocate overseas.
Sensible Stories
By , Bloomberg, 12/10/2010
MarketMinder's View: As we’ve discussed, the eurozone isn’t in as dire shape as most believe, and a debt contagion from a few troubled nations is unlikely. 2011 looks to be a positive year for the region.
Sensible Stories
By , CNN Money, 12/10/2010
MarketMinder's View: Positive news, but not terribly surprising. After all, the stock market has rallied strongly since July.
Sensible Stories
By , The New York Times, 12/10/2010
MarketMinder's View: This good news is delivered in a rather gloomy style, but the important part is the last sentence: “Growth in the euro area will be above all expectations of a few months ago.”
Sensible Stories
By , The New York Times, 12/10/2010
MarketMinder's View: China has continuously tweaked its monetary policy in 2010—all while strong growth has continued and lending activity has been strong.
Market Misperceptions
By , The New York Times, 12/09/2010
MarketMinder's View:
This overlooks the mounting evidence that recovery is well underway. While extending tax cuts may not have a major impact on markets, it certainly won’t hurt. For more, see our 12/8/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , MarketWatch, 12/09/2010
MarketMinder's View: China has come far very quickly, but there’s still room for growth, which should continue providing fuel for overall Emerging Markets growth—and beyond.
Sensible Stories
By , Bloomberg, 12/09/2010
MarketMinder's View: “The number of workers filing first-time claims for unemployment insurance payments fell last week in the US, showing the labor market continues to improve.” Positive news for job seekers. Further, this is playing out like a normal recovery. After the economy grows for an extended period, employers gain confidence and begin hiring again. Growth begets jobs, not the reverse.
Market Misperceptions
By , Time, 12/09/2010
MarketMinder's View:
While the conclusion is more or less right, the initial premise is problematic. US manufacturing production is higher today than it was during the 1950s, when a much higher percentage of the populace worked in manufacturing. For more, see our 11/9/2010 column, “The Ever-Evolving Economic Engine.”
Sensible Stories
By , The Wall Street Journal, 12/09/2010
MarketMinder's View: According to the European Commission, those dreaded credit default swaps caused Greece’s fiscal collapse last spring. Instead, it seems markets operated the way they should have—putting a serious dent in the old “blame the speculators” narrative.
Market Misperceptions
By , Seeking Alpha, 12/09/2010
MarketMinder's View:
Actually, access to the energy necessary to fuel our economy and cheaper goods are great positives for our economy and society. Trade allows the US to focus on higher margin businesses like those in the service sector. Not to mention that lenders to the US have reaped the benefits of holding US debt. Sounds more like a win-win than the “verge of total economic collapse.”
Sensible Stories
By , The New York Times, 12/09/2010
MarketMinder's View: More evidence global central bankers aim to maintain their accommodative stance.
Market Misperceptions
By , International Business Times, 12/09/2010
MarketMinder's View:
So many questions: How exactly are home value losses calculated? Unless you’re selling or refinancing, the current assumed value of your home doesn’t matter. And why is the Iraq War an appropriate scale? Why not compare it to the cost of the Louisiana Purchase? Or the damage done during the Pearl Harbor attacks? It’s an arbitrary scale that doesn’t mean anything.
Sensible Stories
By , MSNBC, 12/08/2010
MarketMinder's View: US car sales surged 17% in November and are predicted to continue growing in 2011—further proof US consumers are spending.
Market Misperceptions
By , The New York Times, 12/08/2010
MarketMinder's View:
Mr. Krugman, long an outspoken supporter of increased deficit-financed stimulus, is now concerned with—the deficit? You can’t have it both ways.
Sensible Stories
By , EU Business, 12/08/2010
MarketMinder's View: Ireland’s austerity budget passed Tuesday without too much political wrangling or market fanfare. With the budget behind them, officials can move forward with the promised fiscal aid package.
Sensible Stories
By , The Wall Street Journal, 12/08/2010
MarketMinder's View: Credit default swaps were unjustly vilified by politicians and pundits alike for causing Greece’s woes. Turns out, shoddy accounting by the Greek government was to blame—markets simply pointed out the obvious via higher yields.
Sensible Stories
By , Bloomberg, 12/08/2010
MarketMinder's View: German industrial production nearly tripled expectations in October. Europe’s core (and thus Europe in aggregate) is much healthier than many fathom. For more, see our 12/3/2010 cover story, “Astonishingly Average.”
Market Misperceptions
By , Daily Finance, 12/08/2010
MarketMinder's View:
Even with QE2 in place, inflation won’t be an issue anytime soon. For more, see our 12/6/2010 column, “In Depth: Q&A on QE2.”
Sensible Stories
By , Politico , 12/08/2010
MarketMinder's View: Let the rhetoric begin. Likely this bill (or some approximation) will pass the House and Senate, but even if it doesn’t, we don’t expect it to be a major stumbling block for the bull. For more, see today’s cover story, “Let’s Make a Deal.”
Market Misperceptions
By , MarketWatch, 12/08/2010
MarketMinder's View:
“Dazzling, yes. But at these levels, metals are potentially dangerous.” Are gold, silver, and copper in a bubble? Who knows. Long-term returns on gold (or any commodity) pale in comparison to equities.
Market Misperceptions
By , The Motley Fool, 12/08/2010
MarketMinder's View:
Another great example of the pessimistic market sentiment that is pervasive today. The US economy is “in slow-motion car-crash mode” because the PMI inched down in November? Not quite.
Sensible Stories
By , Associated Press, 12/08/2010
MarketMinder's View: This is nice to hear. And though last week’s jobs report disappointed, the labor market seems to be improving overall—as it has throughout 2010. For more, see our 9/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , Associated Press, 12/07/2010
MarketMinder's View: TARP turned out not to be as bad as detractors feared it would be—and in this case, the government (and taxpayers) actually came out ahead! This was certainly not the widely expected outcome.
Sensible Stories
By , The Wall Street Journal, 12/07/2010
MarketMinder's View: The eurozone’s biggest economy continues recovering strongly—more evidence of a continued global economic recovery.
Market Misperceptions
By , Seeking Alpha, 12/07/2010
MarketMinder's View:
It’s very difficult to square this analysis with an economy that’s growing, a stock market that’s up hugely from its bear market lows, and historic corporate profits. This is essentially about high unemployment. Yes, unemployment is high, but unemployment is a classic lagging indicator that doesn’t say anything about the future. To put that another way, unemployment was very low—in January 2008.
Sensible Stories
By , Real Clear Markets, 12/07/2010
MarketMinder's View: “There are times during the year when more jobs are created in the US than we are told about. The holiday season is one of those times.” Yep. Beware how seasonal adjustments (and other wonky calculations) skew the numbers. See our 12/06/2010 cover story, “A Lesson in Government Math,” for more.
Sensible Stories
By , RTT News, 12/07/2010
MarketMinder's View: The UK’s economy, like most of the world, remains firmly in recovery.
Sensible Stories
By , Bloomberg BusinessWeek, 12/07/2010
MarketMinder's View: It’s by no means a done deal, and some Democrats are voicing opposition, but there’s serious momentum to extend the current tax rates.
Market Misperceptions
By , Seeking Alpha, 12/07/2010
MarketMinder's View:
Maybe? But a better question is, so what? Silver is a commodity, like gold. And the returns of both, long term, are easily bested by equities. Unless you are a pro-commodity market timer, long-term capital is likely best served in equities.
Market Misperceptions
By , The Wall Street Journal, 12/07/2010
MarketMinder's View:
Politicians seem to miss this point—raising tax rates doesn’t guarantee higher tax revenues. In fact, reliably, higher tax rates lead to lower tax revenues, while lower rates lead to higher revenue.
Sensible Stories
By , MarketWatch, 12/06/2010
MarketMinder's View: In one of the largest trade pacts in recent history, the deal between the US and South Korea continues the positive trend of falling trade barriers globally.
Market Misperceptions
By , Bloomberg, 12/06/2010
MarketMinder's View:
This shows just how off-the-mark folks are on gold today. Gold is not a currency, and buying gold in another country’s currency doesn’t make a lick of difference if the funds will ultimately be converted back to dollars.
Sensible Stories
By , Associated Press, 12/06/2010
MarketMinder's View: “The economy is starting to fire on almost every cylinder these days but the one that matters most: Job creation.” Well…if job creation matters most, then why would the economy be making steady gains?
Sensible Stories
By , The Wall Street Journal, 12/06/2010
MarketMinder's View: Talks are wrapping up in Washington on this topic. Something to keep an eye on.
Market Misperceptions
By , The Independent, 12/06/2010
MarketMinder's View: This is quite extreme. The US (like any country) has its woes, but it’s hardly headed down a Ponzi scheme spiral.
Market Misperceptions
By , The Guardian, 12/06/2010
MarketMinder's View:
Whether QE2 is needed is highly questionable, let alone QE3.
Sensible Stories
By , The Guardian, 12/06/2010
MarketMinder's View: The boom across the pond continues as trade and new orders hit record highs.
Market Misperceptions
By , The Globe and Mail, 12/06/2010
MarketMinder's View:
“Trade tensions between the United States and China are heading toward ‘crisis’ levels, a new forecast warns.” We would have to disagree. A trade war is highly unlikely and wouldn’t be in either country’s best interest.
Sensible Stories
By , The Economist , 12/03/2010
MarketMinder's View: Consumers are alive and well!
Market Misperceptions
By , Time, 12/03/2010
MarketMinder's View: Profits are profits. Yes, firms cut costs through the recession, adding to their productivity and their ability to be even more profitable in recovery. Cost-cutting is a good, healthy, and normal part of an economic cycle. Is it better firms don’t cut costs and go belly up? (Answer: No.)
Sensible Stories
By , Bloomberg, 12/03/2010
MarketMinder's View: Germany continues to forecast substantial growth for its economy.
Sensible Stories
By , Daily Finance , 12/03/2010
MarketMinder's View: “All investors make mistakes. The trick is figuring out what our investing mistakes are—and then trying to avoid them.” Agreed, and here are a few mistakes investors should heed.
Market Misperceptions
By , US News, 12/03/2010
MarketMinder's View: Could a debt crisis infect America? Sure, but we think it’s unlikely. The PIIGS debt woes aren’t even doing a good job of impacting the EU, as expectations are for the region to accelerate and continue recovering in 2011.
Sensible Stories
By , The Wall Street Journal, 12/03/2010
MarketMinder's View: Despite ongoing fears about a debt “contagion” (which has yet to appear), the eurozone overall has proven quite resilient.
Market Misperceptions
By , The New York Times, 12/03/2010
MarketMinder's View: The jobless rate increased—but so did payrolls. Unemployment is a wonky figure—right now it looks like more job seekers are encouraged and re-engaging in job searches.
Sensible Stories
By , The Wall Street Journal, 12/03/2010
MarketMinder's View: November was a positive month for the services sector as it continued to expand.
Sensible Stories
By , MarketWatch, 12/03/2010
MarketMinder's View: As the new year approaches, China will focus on establishing “proactive fiscal policy and prudent monetary policy.” Given the changes that have happened in China over the past year, we doubt any abrupt moves will be part of the policy shift.
Market Misperceptions
By , Seeking Alpha, 12/02/2010
MarketMinder's View:
The focus should be on the total amount of trade, not trade balances. Increasing imports can be seen as a sign of economic vibrance. Plus, those imports can add to profitability and productivity in the US. For more, see our 08/12/2010 cover story, “Trading Up.”
Market Misperceptions
By , Seeking Alpha, 12/02/2010
MarketMinder's View:
Time for a reality check indeed. Last we checked, myriad signs point to strengthening of the US economy, not a “horrific economic collapse.” For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Sensible Stories
By , Financial Times, 12/02/2010
MarketMinder's View: “Global manufacturing roared ahead in November after a summer lull in activity faded away, powered by northern European countries, China and India.” As we’ve said, little attention seems to be paid to expanding manufacturing activity. For more, see today’s cover story, “Revealing a Non-Secret.”
Sensible Stories
By , Seeking Alpha, 12/02/2010
MarketMinder's View: A sensible round-up of the positives and potential negatives currently facing markets.
Sensible Stories
By , MarketWatch, 12/02/2010
MarketMinder's View: Economic indicators continue to point to strengthening in the US—a bullish sign for stocks.
Sensible Stories
By , Dow Jones Newswires, 12/02/2010
MarketMinder's View: US consumers are alive and well!
Sensible Stories
By , The New York Times, 12/02/2010
MarketMinder's View: The European Central Bank stands ready and willing to continue its support for banks—more evidence a contagion is unlikely.
Market Misperceptions
By , International Business Times, 12/02/2010
MarketMinder's View:
Perhaps some manufacturing and industrial jobs are relocating overseas, but there’s a bigger force at play, and there’s nothing unusual or concerning about it. While the transition may be uncomfortable, it’s all part of normal economic progress. For more, see our 11/9/2010 column, “The Ever-Evolving Economic Engine.”
Market Misperceptions
By , The Independent, 12/02/2010
MarketMinder's View:
Further evidence of the wall of worry stocks love to climb. Continued strength in manufacturing indicates robust current and future demand and should bolster growth in other areas as well.
Sensible Stories
By , Bloomberg, 12/02/2010
MarketMinder's View: Sales of Spanish debt were decently received as spreads between Spanish, Italian, and Portuguese debt over German bunds all narrowed—positive signs of investor confidence in Spain and the eurozone’s ability to face debt contagion fears.
Market Misperceptions
By , Financial Times, 12/01/2010
MarketMinder's View:
The fact that manufacturing in China and India is expanding faster than their neighbors isn’t a bad thing. Thus far, China and India have shown they are capable of keeping inflation in check, and regionally, sectors seldom expand in lockstep.
Sensible Stories
By , Dow Jones Newswires, 12/01/2010
MarketMinder's View: Monday was the busiest online shopping day in US history with US sales of $1.03 billion. Who says US consumers are dead? For more, see our 08/31/2010 cover story, “Retail Therapy.”
Market Misperceptions
By , Seeking Alpha, 12/01/2010
MarketMinder's View:
The answer: Maybe. Maybe not. Either way, remember, gold is just a commodity. It’s not inherently safer than any other commodity that has been on a multi-year run. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , BBC, 12/01/2010
MarketMinder's View: “In the three months to September, gross domestic product (GDP) was up 8.9% from the same period last year.” Indian growth continues to impress and beat expectations.
Sensible Stories
By , Bloomberg, 12/01/2010
MarketMinder's View: Worker productivity in the US exceeded expectations in the third quarter—a good sign for future corporate profitability.
Market Misperceptions
By , Bloomberg, 12/01/2010
MarketMinder's View:
Sure, the November ISM factory index was down slightly from October, but November marks the 16th consecutive month of manufacturing expansion in the US. Ignore the misleading headlines and focus on the continued expansion—a bullish sign for stocks.
Sensible Stories
By , The Wall Street Journal , 12/01/2010
MarketMinder's View: Investors should expect a bumpy road ahead for unemployment figures, but as the recovery takes hold, growth will continue to create jobs.
Market Misperceptions
By , Daily Finance, 12/01/2010
MarketMinder's View:
The “dollar-stocks see-saw” is another in a long line of flawed technical indicators that should be ignored. Historically, a strong or weak dollar portends little about the direction of US stocks. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , MarketWatch, 12/01/2010
MarketMinder's View: Driven by global demand, UK manufacturing expanded the most in 16 years—proving, once again, economic fundamentals around the world are in better shape than many believe. For more, see today’s cover story, “2010’s Wall of Worry.”