Home → Fisher Investments MarketMinder Headlines → 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.
Sensible Stories
By , Bloomberg, 11/28/2008
MarketMinder's View: The market is reacting positively to the company consideration of selling off half of US brands.
Market Misperceptions
By , The New York Times, 11/28/2008
MarketMinder's View:
We disagree.  It’s not “game over” for the American consumer. Consumers will be lining up this holiday shopping season.
Sensible Stories
By , MarketWatch, 11/28/2008
MarketMinder's View: This fall in euro-zone inflation rate could give the European Central Bank more room to maneuver to help slowing economies.
Market Misperceptions
By , The Wall Street Journal, 11/28/2008
MarketMinder's View: It’s not surprising consumers are tightening their belts amid such pervasive dour economic sentiment. But luxury auto sales are not necessarily indicative of the broader market.
Sensible Stories
By , The Motley Fool, 11/28/2008
MarketMinder's View: While we don’t agree with everything this in article, we have experienced this before and—like always—the economy will turn around. In the meantime, stay disciplined and you’ll likely reap great rewards in the upswing.
Market Misperceptions
By , Times Online, 11/28/2008
MarketMinder's View:

The speed with which a country enters recession gives us no information on it’s duration. It’s also worth noting that the article contains no data on GDP, the measure of economic growth or recession!

Market Misperceptions
By , The Los Angeles Times, 11/28/2008
MarketMinder's View:
Less lavish holiday parties shouldn’t concern—trimming excesses now is likely good for businesses going forward.
Sensible Stories
By , The Wall Street Journal, 11/28/2008
MarketMinder's View: Bowing to the temptation to increase protectionist legislation will only lengthen the slowdown.
Sensible Stories
By , The Wall Street Journal, 11/28/2008
MarketMinder's View: Currently, the Office of Financial Stability is under-staffed—potentially hindering the government’s financial induced rescue plans.
Sensible Stories
By , The Independent, 11/27/2008
MarketMinder's View: Tax something more and you get less of it—you’d think the government would want more people earning more money, not the opposite.
Sensible Stories
By , Pittsburgh-Tribune Review, 11/27/2008
MarketMinder's View: “The blessing for which we should be most grateful is that we still live in a society in which markets remain the chief means of directing economic activity.” We’ll raise a drumstick to that—Happy Thanksgiving everyone!
Market Misperceptions
By , The Wall Street Journal, 11/27/2008
MarketMinder's View: This article conveniently suggests government by contractor is the same as privatization. Private enterprise does work more efficiently than governments but only when completely free from intervention.
Sensible Stories
By , Smartmoney.com, 11/27/2008
MarketMinder's View: “America's widespread prosperity wasn't born of conquests, bailouts or stimulus packages, but of political and economic liberty.” – We mustn’t forget that in climbing out of the current troubles.
Market Misperceptions
By , Times Online, 11/26/2008
MarketMinder's View:
The world won’t run out of oil because the price is down at $50. Just as $50 oil earlier this decade didn’t herald the end of the world.
Sensible Stories
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: Some great points on what may have put GM in danger and next steps to consider for the Big Three.
Sensible Stories
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: Despite all the turmoil of this year, we hope you’ll take a moment and read this brief digression on the tradition of Thanksgiving.
Sensible Stories
By , Time, 11/26/2008
MarketMinder's View: “Regulation and state control may seem attractive at a time of crisis, but eventually it creates problems of its own, and people will crave the economic freedom they had surrendered.” We couldn’t have said it better ourselves.
Sensible Stories
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: The latest intervention has had meaningful effects on 30-year mortgages—rates were down as much as a half percent, which could aid borrowers across the board. This is good progress compared to completely frozen markets just a month ago.
Sensible Stories
By , The New York Times, 11/26/2008
MarketMinder's View: “Our current downturn will end as well someday, and, as in the ’30s, the recovery will probably come for reasons that have little to do with most policy initiatives.” Well said.
Market Misperceptions
By , The Big Picture, 11/26/2008
MarketMinder's View: A poor comparison because the real cost of the bailouts and other government measures is likely to be much, much lower than quoted here. In fact, the US will probably turn a profit in many areas where it is lending today.
Market Misperceptions
By , The Times Online, 11/26/2008
MarketMinder's View: Smoothie sales as an economic indicator? We don’t think so.
Market Misperceptions
By , Bloomberg, 11/26/2008
MarketMinder's View: This isn’t good news, but a 1% decline is not Armageddon, and there’s no good reason to anchor seven years as a meaningful time period.
Market Misperceptions
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: This article highlights some valid points. However, the fact remains we simply do not know if the government’s plans have worked yet. The results will be apparent in time, but they won’t be instantaneous.
Sensible Stories
By , Fortune, 11/26/2008
MarketMinder's View: While we may not agree with every point in this article, we believe now is a good time to remain disciplined and anticipate an eventual recovery.
Sensible Stories
By , The New York Times, 11/26/2008
MarketMinder's View: Details on new government-sponsored loan plans were unveiled Tuesday. For more, see our 11/26/2008 cover story, “Take Two.”
Sensible Stories
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: The Common Agricultural Policy is as powerful a reminder as any to the inefficiency of government intervention.
Sensible Stories
By , Forbes, 11/26/2008
MarketMinder's View: Europe is unveiling new economic stimulus initiatives, and it is worth staying informed of them. Instead of asking “is it enough,” we might want to ask whether short-term stimulus packages work at all.
Sensible Stories
By , The Telegraph, 11/26/2008
MarketMinder's View: The headline says it all.
Market Misperceptions
By , The New York Times, 11/26/2008
MarketMinder's View: Sacrificing a pair of designer jeans is not indicative of economic woe.
Sensible Stories
By , The Wall Street Journal, 11/26/2008
MarketMinder's View: In response to the Fed’s attempt to stabilize the housing market, some are eagerly refinancing.
Sensible Stories
By , Bloomberg, 11/25/2008
MarketMinder's View: More government programs designed to unfreeze credit markets were unveiled today in a new $800 billion package.
Sensible Stories
By , The Wall Street Journal , 11/25/2008
MarketMinder's View: “Short-term fiscal policies fail to promote long-term growth.” Our thoughts exactly.
Market Misperceptions
By , The Financial Times, 11/25/2008
MarketMinder's View:
GDP forecasts are notoriously inaccurate and there’s no good reason to believe this one is any different.
Sensible Stories
By , Real Clear Markets, 11/25/2008
MarketMinder's View: Some insight on the president-elect’s economic team picks.
Sensible Stories
By , The Wall Street Journal, 11/25/2008
MarketMinder's View: If there’s one clear feature of the US government’s actions so far this year, it’s been protection of big banking interests at nearly any cost.
Market Misperceptions
By , Reuters, 11/25/2008
MarketMinder's View: This isn’t good news, but contrary to popular belief, a 0.5% contraction is a far cry from a New Depression.
Sensible Stories
By , Investors Business Daily, 11/25/2008
MarketMinder's View: “When a national government tries to breathe life into an economy with massive spending, the result is massive economic inefficiency.” – Big government spending is not the answer.
Sensible Stories
By , The Wall Street Journal, 11/24/2008
MarketMinder's View: It’s never a good idea to allow too much government involvement – they rarely manage to solve problems without causing more.
Sensible Stories
By , The Wall Street Journal, 11/24/2008
MarketMinder's View: This is yet another affirmation the US government will move to protect imperiled banking assets.
Market Misperceptions
By , CNNMoney, 11/24/2008
MarketMinder's View:
False. Over the long term, oil prices and stock prices have not been meaningfully historically correlated.
Sensible Stories
By , The Wall Street Journal, 11/24/2008
MarketMinder's View: Politics play a huge role at the supposedly apolitical Fed. This is worth keeping an eye on.
Sensible Stories
By , Newsweek, 11/24/2008
MarketMinder's View: As the Great Depression appears more and more in the media, it’s important to remind ourselves why today is so different.
Market Misperceptions
By , The Financial Times, 11/24/2008
MarketMinder's View: Attributing today’s turmoil to removing the gold standard 37 years ago makes no sense.
Market Misperceptions
By , The New York Times, 11/24/2008
MarketMinder's View:
A Chapter 11 bankruptcy (rather than a bailout) is likely the best bet for the Big Three since it allows for reorganization while remaining in business. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Sensible Stories
By , The Wall Street Journal, 11/24/2008
MarketMinder's View: Typical of bear market bottoms, negative sentiment often finds a way to cast shadows on good news.
Sensible Stories
By , The Wall Street Journal, 11/24/2008
MarketMinder's View: In light of the financial crisis and the increased role of government lately, investors would be well served to keep a close eye on President-elect Obama’s appointment choices and their actions going forward.
Market Misperceptions
By , The Chicago Tribune, 11/21/2008
MarketMinder's View: We’d caution against using esoteric studies such as this as a valid market indicator.
Sensible Stories
By , Reuters, 11/21/2008
MarketMinder's View: It’s a good sign banks have access to free capital to bid for Chevy Chase.
Sensible Stories
By , The Wall Street Journal, 11/21/2008
MarketMinder's View: Financial giant Citigroup is the topic of much turmoil and worry of late—it’s worth staying informed on this issue.
Market Misperceptions
By , The Financial Times, 11/21/2008
MarketMinder's View:

“There is no better opportunity to dig ourselves out of the current economic crisis than by confidently investing in environmental innovation.” Really? We’ve seen plenty of government intervention this year and it’s hardly been a resounding success.

Sensible Stories
By , The Weekly Standard, 11/21/2008
MarketMinder's View: “This isn't the 1930s, or even the early 1980s.” – Exactly.
Sensible Stories
By , Real Clear Markets, 11/21/2008
MarketMinder's View: Another notable political development: A new bill to further assist the unemployed.
Sensible Stories
By , Bloomberg, 11/21/2008
MarketMinder's View: A notable development: A six-week freeze is being put in place by Freddie and Fannie to allow for a more “streamlined modification program.”
Market Misperceptions
By , The New York Times, 11/21/2008
MarketMinder's View: It’s true things are not rosy, but persistent Depression comparisons are far overwrought by now.
Sensible Stories
By , The Wall Street Journal, 11/21/2008
MarketMinder's View: Chapter 11 bankruptcy could actually provide the automakers with a chance to reorganize and ultimately become stronger.
Sensible Stories
By , The Wall Street Journal, 11/20/2008
MarketMinder's View: Forces outside the norm are probably affecting market pricing mechanisms in the short-term. See our 11/17/08 cover story, “Invest for the Future, Not the Present,” for more.
Market Misperceptions
By , CNNMoney, 11/20/2008
MarketMinder's View: So-called “leading economic indicators,” ironically, use backward-looking data. The stock market is the ultimate leading economic indicator and will reflect reality well before any survey.
Market Misperceptions
By , Times Online, 11/20/2008
MarketMinder's View: Rising prices were hurting consumers months ago, but now falling prices are hurting them too?
Sensible Stories
By , The Wall Street Journal, 11/20/2008
MarketMinder's View: So far, the more the government interferes, the more volatile the market gets. When will they get the message?
Market Misperceptions
By , Fortune, 11/20/2008
MarketMinder's View:
Raising taxes on the consuming populace is among the greatest mistakes possible during an economic downturn.
Sensible Stories
By , Forbes.com, 11/20/2008
MarketMinder's View: “The more options you try, the more uncertainty is injected into the economy, and the more cautious are investors and employers and consumers.” Sometimes the best government action is inaction.
Sensible Stories
By , Reuters, 11/20/2008
MarketMinder's View: As concerns about commercial real estate debt grow, we note that TARP and the Fed already have the power to shore up liquidity if more is needed. That said, it’s too soon to tell whether lingering commercial property debt will add substantively to the current financial crisis, but it’s a good idea to keep an eye on it.
Sensible Stories
By , The San Francisco Chronicle, 11/20/2008
MarketMinder's View: We’ve said it before: Chapter 11 bankruptcy, which allows for operational and management restructuring, is a better long-term option for the Big Three than an outright bailout
Sensible Stories
By , The Wall Street Journal, 11/20/2008
MarketMinder's View: Anytime and anywhere there is a barrier to investment or trade, there is a barrier to economic growth.
Sensible Stories
By , Investor’s Business Daily, 11/20/2008
MarketMinder's View: Oil’s previous price rise and subsequent decline are and has always been a function of supply and demand. In the short term, commodities prices have always vacillated wildly.
Sensible Stories
By , Forbes, 11/19/2008
MarketMinder's View: A great article supporting Warren Buffett’s mantra of “be greedy only when others are fearful.”
Sensible Stories
By , Real Clear Markets, 11/19/2008
MarketMinder's View: We love to see nations cutting taxes to compete for capital.
Market Misperceptions
By , Real Clear Markets, 11/19/2008
MarketMinder's View: It’s true residential construction growth has dropped off precipitously. But note that construction is still going on—nearly 800,000 new homes will be built this year.
Sensible Stories
By , National Review, 11/19/2008
MarketMinder's View: Yet another article highlighting the often poor communication surrounding bailouts and stimulus packages. Increased confusion only hinders progress and efficacy.
Sensible Stories
By , Fund Strategy, 11/19/2008
MarketMinder's View: If you look closely at the facts from both now and then, it’s apparent we’re currently nowhere near another Great Depression—yet the comparison is constantly made.
Market Misperceptions
By , Briefing.com, 11/19/2008
MarketMinder's View: Suddenly, deflation will destroy us? And to think just a few months ago the same folks were saying inflation would kill us. Price indexes can be extremely volatile in the short term. Ignore.
Market Misperceptions
By , The Wall Street Journal, 11/19/2008
MarketMinder's View:
It’s always useful to remember the motivations of executives! We really don’t need government getting any more bad ideas on where to involve themselves.
Market Misperceptions
By , CNNMoney, 11/19/2008
MarketMinder's View: Whether or not GM fails, the outcome will not be as severe as most predict. For more, see our 11/11/08 cover story, “A Motor City Mess.”
Sensible Stories
By , The New York Times, 11/19/2008
MarketMinder's View: Bailouts are not the cure-all, and trouble for the Big Three won’t be the end of the auto industry as we know it. Instead, the auto industry needs to be revamped to survive long term.
Sensible Stories
By , The New York Times, 11/18/2008
MarketMinder's View: Government could do worse than heed the lessons of history. A bailout won’t solve the flaws in Detroit.
Market Misperceptions
By , The Financial Times, 11/18/2008
MarketMinder's View:
Let’s hope that not everyone is a fool then! More government intervention is the last thing we need.
Sensible Stories
By , The New York Times, 11/18/2008
MarketMinder's View: A recap from Paulson on what has happened surrounding the financial crisis, lessons learned, and a look at what’s to come.
Market Misperceptions
By , Marketwatch.com, 11/18/2008
MarketMinder's View:
Why 2011? Possibly because by then we’ll all have forgotten this article. This is far too sensational to be taken seriously.
Sensible Stories
By , Forbes.com, 11/18/2008
MarketMinder's View: “The underlying economic problems of the past few months have more to do with risk aversion and panic than any underlying collapse in economic activity.” – There’s no reason yet to believe we’re in for a long recession.
Sensible Stories
By , npr.org, 11/17/2008
MarketMinder's View: When no one knows how the rules of the game are going to change — and they seem to change from week to week — who wants to take a risk?” A lesson in keeping markets free from government intrusion.
Sensible Stories
By , Bloomberg.com, 11/17/2008
MarketMinder's View: Ultimately markets are much more efficient than governments.
Sensible Stories
By , The Wall Street Journal, 11/17/2008
MarketMinder's View: Concerns and blame tied to CDSs are very much overblown.
Sensible Stories
By , Times, 11/17/2008
MarketMinder's View: Today’s high market volatility is a prime example of unintended, negative consequences tied to government intervention in free markets.
Sensible Stories
By , Bloomberg, 11/17/2008
MarketMinder's View: A downturn in the world’s second-largest economy is significant and should be monitored. But it’s important to keep in mind such reports highlight the past, not necessarily the future.
Market Misperceptions
By , Reuters, 11/17/2008
MarketMinder's View: While predicted unemployment looks and sounds scary, it’s important to remember this survey’s based on individual beliefs, not hard facts.
Market Misperceptions
By , The Daily Telegraph, 11/17/2008
MarketMinder's View:

Currency fluctuations tell us nothing about the long term prospects for the UK economy.

Market Misperceptions
By , CNNMoney, 11/17/2008
MarketMinder's View: While a recession appears more and more likely, this is yet another survey based on backward-looking indicators and may be completely wrong. Further, a simple survey is not an appropriate way to forecast a downturn’s severity.
Sensible Stories
By , The Wall Street Journal, 11/17/2008
MarketMinder's View: If GM goes bankrupt, Chapter 11 (not 7) is the most likely outcome. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Sensible Stories
By , Forbes, 11/17/2008
MarketMinder's View: Trying to time the stock market is indeed very much like playing the lottery—the chances of winning big are a function of chance, not fundamentals.
Sensible Stories
By , The New York Times, 11/17/2008
MarketMinder's View: Though not much was accomplished—and we’re skeptical much will be going forward—in this G-20 meeting, keeping an eye on future G-20 policies and decisions is important for investors.
Market Misperceptions
By , Reuters, 11/17/2008
MarketMinder's View: A wealth of new economic “indicators” is making a debut in these hard times. Despite what some are saying, muffins and iPods were never stock market indicators and should not be regarded as such.
Market Misperceptions
By , The New York Times, 11/17/2008
MarketMinder's View: If Spam is indeed a reliable economic indicator, does it then mean the Hawaiian islands have been in recession for decades? No.
Market Misperceptions
By , Times Online, 11/14/2008
MarketMinder's View: No doubt there are some hedge funds in trouble but we’ve seen his predictions go awry before—and the world isn’t going to come to an end with a few less hedge funds.
Sensible Stories
By , 11/14/2008
MarketMinder's View: A case against government intervention. As stated, free markets worked just fine without Uncle Sam stepping in to stifle new change.
Market Misperceptions
By , Times Online, 11/14/2008
MarketMinder's View: “First-Ever” sounds bad until you realize that we’re only looking back as far as 1999.
Market Misperceptions
By , The New York Times, 11/14/2008
MarketMinder's View: With a lame duck president and an absentee president-elect, the G20 meetings aren’t likely to bear much fruit.
Sensible Stories
By , The Wall Street Journal, 11/14/2008
MarketMinder's View: Robbing Peter to pay Paul is no economic solution.
Sensible Stories
By , The Wall Street Journal, 11/14/2008
MarketMinder's View: Redistributing money to create stimulus plans provides no long-term benefit to the economy.
Sensible Stories
By , The Wall Street Journal, 11/14/2008
MarketMinder's View: Behaviorism at its finest. Psychology and investing have more in common than you think.
Market Misperceptions
By , Bloomberg, 11/14/2008
MarketMinder's View: No doubt this is a sign of weakness in the economy. But keep in mind this is a description of the past—and markets are constantly pricing in the future. What matters is what consumer spending will be looking ahead.
Sensible Stories
By , The New York Times, 11/14/2008
MarketMinder's View: More companies than ever before are seeking government aid. Government intervention, whether through bailouts or otherwise, usually causes just as many problems as solutions.
Sensible Stories
By , The Atlantic, 11/14/2008
MarketMinder's View: A wonderfully personal look at the cost of bailouts.
Sensible Stories
By , The Wall Street Journal, 11/14/2008
MarketMinder's View: It looks as though Beltway gridlock could prevail at least until 2009—a positive for the legislation-abhorring stock market.
Sensible Stories
By , Financial Times, 11/14/2008
MarketMinder's View: The so-called rescue package’s “...twisting and turning has created avoidable uncertainty for already battered investors.” Well said.
Market Misperceptions
By , The Chicago Tribune, 11/14/2008
MarketMinder's View: Now holiday office parties are an economic indicator? We don’t think so.
Market Misperceptions
By , Bloomberg, 11/13/2008
MarketMinder's View: Monthly numbers—especially the trade deficit—are not predictive of stock market movements. Ignore.
Market Misperceptions
By , MarketWatch.com, 11/13/2008
MarketMinder's View: Comparisons between now and the onset of the Great Depression remain wide of the mark.
Market Misperceptions
By , CNNMoney, 11/13/2008
MarketMinder's View: Although jobless claims are rising, remember they are a lagging indicator and not predictive of stock market movements.
Sensible Stories
By , Seeking Alpha, 11/13/2008
MarketMinder's View: Never before has a Treasury Secretary had so much power. With so little restriction and oversight, uncertainty about just what he’ll do next abounds.
Sensible Stories
By , The New York Times, 11/13/2008
MarketMinder's View: In our view, recent market volatility stems from uncertainties surrounding the government’s next move, and just how exactly TARP will be used.
Sensible Stories
By , The Wall Street Journal, 11/13/2008
MarketMinder's View: It’s a story as old as Uncle Sam himself: Government interventions have always caused negative unintended consequences.
Market Misperceptions
By , CNNMoney, 11/13/2008
MarketMinder's View: While more transparency is a good thing, more regulation and government oversight is not.
Sensible Stories
By , The Daily Telegraph, 11/13/2008
MarketMinder's View: It might seem tempting to declare the end of the stock market but it’s important to look historically and retain perspective.
Sensible Stories
By , RealClearMarkets, 11/13/2008
MarketMinder's View: A federal bailout for the Big Three looks likely, but another bailout for the US auto industry will likely be a fruitless attempt to rescue an industry in danger of drowning for many years. See our 11/11/2008 cover story, “A Motor City Mess,” for more.
Market Misperceptions
By , MSNBC, 11/12/2008
MarketMinder's View: When gas was at $4, that was bad and now that it’s at $2, it’s still bad? At the bottom of bear markets even good news is seen as bad news.
Sensible Stories
By , The Washington Times, 11/12/2008
MarketMinder's View: While we may not agree with every point in this article, we do agree too much government intervention can disrupt natural market pricing mechanisms.
Sensible Stories
By , Café Hayek, 11/12/2008
MarketMinder's View: If you see us wearing these t-shirts, don’t be surprised.
Market Misperceptions
By , The New York Times, 11/12/2008
MarketMinder's View: True, US consumer spending has slightly contracted of late, but sensational language like “buying binge” and “slams to halt” reflects today’s dour sentiment more than anything else.
Sensible Stories
By , The Wall Street Journal, 11/12/2008
MarketMinder's View: The Treasury Department has put plans to assist with troubled mortgage-related assets on hold for now.
Market Misperceptions
By , Bloomberg, 11/12/2008
MarketMinder's View: An overly dour outlook describing today’s economic weakness.
Market Misperceptions
By , Newsweek, 11/11/2008
MarketMinder's View:
First it was declared inflation and high prices will ruin the economy—and now lower prices will create “economic havoc”? Neither point is likely. Ignore.
Market Misperceptions
By , Telegraph.co.uk, 11/11/2008
MarketMinder's View: If “deregulation” is truly to blame, it sure is ironic that two victims of the current troubles have been US government sponsored enterprises (GSEs).
Sensible Stories
By , The Wall Street Journal, 11/11/2008
MarketMinder's View: Decisions have yet to be made, but here are some details about a possible loan modification plan for Freddie and Fannie.
Sensible Stories
By , The Wall Street Journal, 11/11/2008
MarketMinder's View: “Now they need to allow private capital to replace government control.” Private capital is always more attractive.
Sensible Stories
By , CNNMoney.com, 11/11/2008
MarketMinder's View: Some good advice from the Oracle of Omaha we could all benefit from, no matter the circumstance.
Market Misperceptions
By , Yahoo Finance, 11/11/2008
MarketMinder's View: We don’t see much resemblance between today’s environment and the Great Depression. This is just another extremely dour outlook on the current situation.
Sensible Stories
By , Forbes, 11/11/2008
MarketMinder's View: Too much government intervention can be problematic, because it often breeds negative, unintended consequences.
Market Misperceptions
By , Reuters, 11/11/2008
MarketMinder's View: Basing economic conditions on movie concession sales? Raisinet sales never have been (and never will be) an economic indicator.
Market Misperceptions
By , The Wall Street Journal, 11/10/2008
MarketMinder's View: In a search for scapegoats, Congress lurks around hedge funds.
Sensible Stories
By , The Wall Street Journal, 11/10/2008
MarketMinder's View: A bailout for the auto industry? Some would say it looks like a definite possibility.
Market Misperceptions
By , Bloomberg, 11/10/2008
MarketMinder's View: Since the stock market is a leading economic indicator, we will likely see a rapid market rebound before signs of an economic recovery.
Market Misperceptions
By , Barron’s, 11/10/2008
MarketMinder's View: Whether or not much of this is accurate, it’s likely priced in.
Sensible Stories
By , Associated Press, 11/10/2008
MarketMinder's View: China pumped billions of dollars into its economy in an attempt to help alleviate pains of a global crisis.
Sensible Stories
By , Reuters, 11/10/2008
MarketMinder's View: In a record bailout, the government restructures AIG’s rescue plan first proposed back in October.
Sensible Stories
By , Times Online, 11/10/2008
MarketMinder's View: To date Fannie Mae has not tapped into the $100 billion rescue fund, but may be forced to during tough market conditions.
Market Misperceptions
By , The Chicago Tribune, 11/10/2008
MarketMinder's View: Toward the end of a bear market, it’s sometimes typical to expect headlines claiming the end of stocks.
Market Misperceptions
By , CNNMoney.com, 11/10/2008
MarketMinder's View: How about leaving money in the hands of individuals?
Sensible Stories
By , Financial Times, 11/10/2008
MarketMinder's View: We think so—rallies off the bottom of bear markets tend to be swift.
Market Misperceptions
By , Barron’s, 11/10/2008
MarketMinder's View: More dire warnings, but nothing new here. Ignore.
Sensible Stories
By , New York Post, 11/10/2008
MarketMinder's View: Indeed, it’s best to avoid those errors entirely.
Sensible Stories
By , The Financial Times, 11/07/2008
MarketMinder's View: Maintaining open markets is important for trade growth everywhere in the world.
Sensible Stories
By , The Wall Street Journal, 11/07/2008
MarketMinder's View: More transparency and quicker, and easier trades? It’s a good thing! See our 11/6/2008 cover story, “Monsters Under the Bed,” for more.
Market Misperceptions
By , Bloomberg, 11/07/2008
MarketMinder's View: The implicit correlation—that currency and job reports are linked—is erroneous. Ignore.
Sensible Stories
By , The Wall Street Journal, 11/07/2008
MarketMinder's View: “Keynesian stimulus is sometimes good short-term politics despite being bad economics.” Just so we all agree that it’s politics, not economics.
Market Misperceptions
By , The Wall Street Journal, 11/07/2008
MarketMinder's View: Past stimulus plans have been fleeting in effect, and government action historically has numerous negative, unintended consequences.
Market Misperceptions
By , Times Online, 11/07/2008
MarketMinder's View:
Given how volatile the IMF’s forecasting seems to be, it’s utterly pointless to read much into a forecast for the whole of 2009.
Sensible Stories
By , The Wall Street Journal, 11/07/2008
MarketMinder's View: So far, the so-called rescue plan has been neither swift nor decisive. Instead, it’s been slow, vague, and lumbering—as are many government responses.
Market Misperceptions
By , The New York Times, 11/07/2008
MarketMinder's View: Since when did a decrease in surgeries and knee replacements become a practical economic indicator?
Sensible Stories
By , The Independent, 11/07/2008
MarketMinder's View: Forcing banks to lend money when it isn’t in their interest to do so would only exacerbate problems, not alleviate them.
Market Misperceptions
By , Bloomberg, 11/07/2008
MarketMinder's View: It’s come to this: mushrooms are the energy panacea. Archetypal histrionics.
Sensible Stories
By , Bloomberg, 11/07/2008
MarketMinder's View: Although increasing stock supply isn’t always beneficial, it’s a positive sign capital is being raised.
Market Misperceptions
By , The New York Times, 11/07/2008
MarketMinder's View: While Christmas may not be as “designer” as years past, it’s clear that sales growth will slow or contract slightly, not implode or halt altogether. Big difference.
Market Misperceptions
By , The New York Times, 11/07/2008
MarketMinder's View:
What do the market moves of any two day trading period tell you about where it’s heading over the long run? Nothing at all.
Market Misperceptions
By , BusinessWeek, 11/06/2008
MarketMinder's View: Even at relatively moderate oil prices (from all time highs earlier this year), most energy companies will remain profitable in the foreseeable future.
Market Misperceptions
By , BusinessWeek.com , 11/06/2008
MarketMinder's View: Jobless claims are a lagging indicator and non-predictive of stock market movements.
Market Misperceptions
By , The Wall Street Journal, 11/06/2008
MarketMinder's View: TARP leaves financial services firms exposed to government meddling.
Sensible Stories
By , The Wall Street Journal, 11/06/2008
MarketMinder's View: We don’t either. The new President could do worse than listen to these requests – “lower taxes, less spending and less regulation.”
Sensible Stories
By , The Wall Street Journal, 11/06/2008
MarketMinder's View: Some cogent insights and reasons to believe relative gridlock in the Beltway (a good thing for stocks) is more likely than many think.
Sensible Stories
By , The New York Times, 11/06/2008
MarketMinder's View: It’s important to keep an eye on global central bank actions. They can help spur growth.
Market Misperceptions
By , BBC News, 11/06/2008
MarketMinder's View: A prediction of 2.2% overall global economic growth in 2009 isn’t great, but it’s not bad.
Market Misperceptions
By , The New York Post, 11/06/2008
MarketMinder's View: Just what we need, more government involvement in housing!
Sensible Stories
By , The New York Times, 11/05/2008
MarketMinder's View: It doesn’t appear a supermajority will be reached.
Market Misperceptions
By , MSNBC, 11/05/2008
MarketMinder's View: No doubt the economy has weakened in the second half of the year, but we wouldn’t put too much stock in a single month’s data—good or bad.
Market Misperceptions
By , Times Online, 11/05/2008
MarketMinder's View:
Headlines will continue to be negative well after the bottom of the market—it’s just part of the Wall of Worry that the market will have to climb.
Sensible Stories
By , The Wall Street Journal, 11/05/2008
MarketMinder's View: The laws of unintended consequences!
Sensible Stories
By , The Wall Street Journal, 11/05/2008
MarketMinder's View: It’s difficult to have confidence in governments anywhere when the track record suggests their greatest trick is an ability to exacerbate rather than solve problems.
Market Misperceptions
By , The Wall Street Journal, 11/05/2008
MarketMinder's View: An irrational explanation for what’s currently going on in the markets. Ignore daily market gyrations.
Sensible Stories
By , The Wall Street Journal, 11/05/2008
MarketMinder's View: Temporary fixes today could cause hardships for future borrowers.
Market Misperceptions
By , MarketWatch, 11/04/2008
MarketMinder's View: Suspension of mark-to-market may have helped stem the financial crisis. Reinstating such a rule may hurt, not help.
Market Misperceptions
By , The Wall Street Journal, 11/04/2008
MarketMinder's View: Monthly numbers such as these are historically erratic and not predictive of stock market movements.
Sensible Stories
By , Real Clear Markets, 11/04/2008
MarketMinder's View: Government doesn’t create any real wealth, it just redistributes it—and terribly unsuccessfully.
Sensible Stories
By , Forbes, 11/04/2008
MarketMinder's View: “If the new president wants to quickly send a positive message to the markets, he should announce that the era of short-term management of fiscal policy is over.” Well said.
Market Misperceptions
By , Time, 11/04/2008
MarketMinder's View: The stock market is the ultimate leading economic indicator, not employment numbers or corporate earnings. See today’s cover story, “The Ultimate Leading Economic Indicator,” for more.
Sensible Stories
By , The Wall Street Journal, 11/04/2008
MarketMinder's View: A look at what caused the Great Depression—namely, bad government policies and intervention rather than capitalism.
Market Misperceptions
By , The Independent, 11/04/2008
MarketMinder's View:
All we’ll get from a public inquiry is a list of folks we’re supposed to blame with recommendations for more onerous regulation—can we pass on the inquiry?
Sensible Stories
By , Barron’s, 11/03/2008
MarketMinder's View: We agree the stock market is a discounter of known information and looks to the future.
Sensible Stories
By , The Wall Street Journal, 11/03/2008
MarketMinder's View: As far as we’re concerned, the less interference the better.
Market Misperceptions
By , CNN Money, 11/03/2008
MarketMinder's View: Predicting a recession through 2009 is a bit extreme—there isn’t even certainty about the last months of 2008 just yet.
Market Misperceptions
By , CNNMoney.com, 11/03/2008
MarketMinder's View:
Certainly welcome by some, but these will probably be as unproductive as the previous round of stimulus checks.
Sensible Stories
By , The Wall Street Journal, 11/03/2008
MarketMinder's View: In the past, banks were hesitant to accept government funding for fear of tarnishing their reputations. Today, things are taking a different turn. So far, efforts to recapitalize banks are succeeding.
Market Misperceptions
By , The Chicago Tribune , 11/03/2008
MarketMinder's View: Consumers may be watching their spending, but Big Macs are hardly an economic indicator.
Market Misperceptions
By , Associated Press, 11/03/2008
MarketMinder's View: Monthly manufacturing numbers are highly erratic and often provide “false positives” as a leading indicator.
Market Misperceptions
By , The New York Times, 11/03/2008
MarketMinder's View: Just a few months ago inflation was pegged by many to portend the end of the world. Now deflation is set to do the same? We don’t think so.
Market Misperceptions
By , The Independent, 10/31/2008
MarketMinder's View:
Reporting that growth has slowed to 9% from 10.1% is hardly a “bombshell” and besides, 9% growth is still very strong.
Sensible Stories
By , The Wall Street Journal, 10/31/2008
MarketMinder's View: We don’t agree recent government actions are the same as those during the Great Depression. Though, taking no action at all can sometimes be good advice.
Market Misperceptions
By , The New York Times, 10/31/2008
MarketMinder's View: We agree consumer spending is lower, but we think a government stimulus would only provide short-term effects—just like the stimulus earlier this year.
Sensible Stories
By , Barron’s, 10/31/2008
MarketMinder's View: Investors queasy from market volatility should take comfort: “Churning is a sign of change and change is good following a long bear market.” The market may go down or up in the short term, but volatility isn’t necessarily negative—there are plenty of big up days in history too.
Market Misperceptions
By , BusinessWeek, 10/31/2008
MarketMinder's View: Boom and bust cycles are common in financial history—they are not necessarily signs of ruin forever and always. Confidence does indeed play a role in these times, as do fundamentals.
Market Misperceptions
By , Times Online, 10/31/2008
MarketMinder's View:
You can’t hang your hat on one day of market movement.
Sensible Stories
By , International Herald Tribune, 10/31/2008
MarketMinder's View: Japan’s central bank is making moves to improve liquidity and encourage lending.
Sensible Stories
By , The Wall Street Journal, 10/31/2008
MarketMinder's View: A lucid, insider argument against government intervention in the insurance industry
Sensible Stories
By , Café Hayek, 10/31/2008
MarketMinder's View: When rules of the game are uncertain, investors and businesses hesitate to invest and take risks.
Sensible Stories
By , The Financial Times, 10/31/2008
MarketMinder's View: Bailing out the car manufacturers is throwing good money after bad.
Market Misperceptions
By , Forbes, 10/30/2008
MarketMinder's View: A new term! We had stag-flation and now stag-deflation. We’ve gotten to the point price changes of any kind are bad for the economy. Ignore.
Sensible Stories
By , The Wall Street Journal, 10/30/2008
MarketMinder's View: We wouldn’t argue that a 0.3% decline in GDP is good but it’s not as disastrous as you might have expected reading the newspapers over the last month!
Sensible Stories
By , Bloomberg.com, 10/30/2008
MarketMinder's View: James Blake or not, we agree with Buffett—now is a good time for long-term investors to hold stocks.
Sensible Stories
By , Money Magazine, 10/30/2008
MarketMinder's View: This article says no—and we agree. For investors on the fence, this is a must read.
Market Misperceptions
By , Bloomberg.com, 10/30/2008
MarketMinder's View: Christmas being canceled? More Armageddon-speak. Ignore.
Sensible Stories
By , Bloomberg.com, 10/30/2008
MarketMinder's View: The Fed is continuing to use monetary policy to ease liquidity pressures, but Wednesday’s fed funds rate cut was more of a formality. See today’s cover story, “Tooling Around,” for more.
Market Misperceptions
By , Bloomberg.com, 10/30/2008
MarketMinder's View: Number of bartenders is now an economic indicator? We don’t think so.
Market Misperceptions
By , San Francisco Chronicle, 10/30/2008
MarketMinder's View: A mild decline in third quarter GDP isn’t surprising—September saw the height of the financial crisis. What’s important looking ahead is how effective recent government and central banking moves prove.
Market Misperceptions
By , Times Online, 10/30/2008
MarketMinder's View:
Ignore the alarmist headline, take a look at inflation in the 1970’s instead and realise it’s really not the most pressing concern right now.
Sensible Stories
By , Real Clear Markets, 10/30/2008
MarketMinder's View: There’s a great deal of debate over Japan’s proposed plan, but here are some details to be aware of.
Market Misperceptions
By , Fortune, 10/30/2008
MarketMinder's View: Federal debt has never predicted stock market outcomes. Counter-intuitively, rising debt has portended higher stock returns.
Sensible Stories
By , MarketWatch, 10/29/2008
MarketMinder's View: Overcoming the “psychological experience of loss” is important for investors looking for long-term gains—selling out of stocks now will likely only lock in losses.
Market Misperceptions
By , Bloomberg, 10/29/2008
MarketMinder's View:
Monthly economic numbers are volatile and backward-looking and historically not predictive of stock market movements.
Sensible Stories
By , Bloomberg, 10/29/2008
MarketMinder's View: Though we may not agree with the assessment that short sellers are “simply bears” (some may simply be hedging) we do believe they are not to blame for the recent market turmoil and financial crisis.
Sensible Stories
By , MarketWatch, 10/29/2008
MarketMinder's View: Indeed, there is a lot of undue fear today. Many factors make the current bear market different from that of the Great Depression, and this article provides some details and contrasts.
Sensible Stories
By , The Wall Street Journal, 10/29/2008
MarketMinder's View: We’re nowhere near the Great Depression but even that didn’t mark the end of the world for stock markets!
Market Misperceptions
By , The New York Times, 10/29/2008
MarketMinder's View:
Hold on, isn’t one of the reasons banks were in trouble because lending standards were too easy? We should be keeping government out of any industry as much as possible.
Sensible Stories
By , CNN Money, 10/29/2008
MarketMinder's View: No, it’s alive and well! History shows bulls always follow bears, and holding a portfolio with low turnover is still the best course for long-term investors.
Market Misperceptions
By , The New York Times, 10/29/2008
MarketMinder's View:
Tightening standards do not represent a “crisis” or catastrophe.
Sensible Stories
By , The Wall Street Journal, 10/29/2008
MarketMinder's View: Although the current market volatility is painful, in the long run stocks overwhelmingly outperform bonds.
Market Misperceptions
By , Bloomberg.com, 10/28/2008
MarketMinder's View: Consumer confidence numbers are backward-looking and therefore not predictive of moves in the stock market.
Sensible Stories
By , BusinessWeek, 10/28/2008
MarketMinder's View: Confusing financial policies fueled by heightened media coverage could be a contributor to the increase in investor fear and pessimism.
Market Misperceptions
By , Times Online, 10/28/2008
MarketMinder's View:
The tech boom should remind most of us that investor sentiment isn’t necessarily rational.
Market Misperceptions
By , Real Clear Markets, 10/28/2008
MarketMinder's View: Placing a ban on short selling won’t solve everything. It’s a legitimate market tool that’s necessary in mitigating risk.
Market Misperceptions
By , Reuters, 10/28/2008
MarketMinder's View: A decrease in oil supply is neither a good or bad thing for stocks. Oil is historically volatile and not directly correlated with long-term movements in the stock market.
Sensible Stories
By , Wall Street Journal, 10/28/2008
MarketMinder's View: A look into the market implications of the dollar’s recent strength.
Sensible Stories
By , The New York Times, 10/28/2008
MarketMinder's View: When considering human behavior it’s useful to recall Warren Buffett’s views on when to be greedy and when to be fearful.
Sensible Stories
By , TheStreet.com, 10/28/2008
MarketMinder's View: While we don’t necessarily agree with all the recommendations here, we do think Buffett has a point—now is the time to be greedy.
Sensible Stories
By , The New York Times, 10/27/2008
MarketMinder's View: Here’s the latest on another long financial trend seeing a recent reversal. See today’s cover story, “Carried Away,” for more.
Market Misperceptions
By , Briefing.com, 10/27/2008
MarketMinder's View: While we think the risk of recession is higher today than it was months ago, the more important question for investors today is whether that risk’s been priced in. We’d argue it has.
Market Misperceptions
By , Financial Times, 10/27/2008
MarketMinder's View: This isn’t a bad thing, but as ever, good or bad, we advise against making decisions based on short-term, questionably constructed statistics.
Sensible Stories
By , The New York Times, 10/27/2008
MarketMinder's View: Markets function more efficiently without government intervention.
Sensible Stories
By , The Wall Street Journal, 10/27/2008
MarketMinder's View: This article passionately favors capitalism over intervention—and we agree. But in our view, there’s little reason to believe today’s government actions mirror those during Great Depression—if anything, they’ve very consciously avoided many mistakes made back then.
Market Misperceptions
By , MSN Money, 10/27/2008
MarketMinder's View: After admitting he’s no Buffett, the author goes on to tell us why Buffett’s got it wrong. We happen to agree with the Oracle of Omaha—see our 10/20/2008 cover story, “Gotta Love a Cheap Buffet,” for more.
Market Misperceptions
By , The Telegraph, 10/27/2008
MarketMinder's View:
This doesn’t make sense. Six months ago the “strength” of sterling was cutting off growth through lack of exports, now “weakness” is the enemy. People can always be negative about currency movements.
 
Sensible Stories
By , The Wall Street Journal, 10/27/2008
MarketMinder's View: Markets make players pay for their mistakes and reward their successes—there’s no similar mechanism in politics, hence the endless merry-go-round of failed policies.
Sensible Stories
By , The New York Times, 10/27/2008
MarketMinder's View: Predicting very short-term market direction is a fool’s errand and always has been.
Market Misperceptions
By , MSNBC , 10/27/2008
MarketMinder's View: After what seemed like eons of daily reports worrying over every little gas price uptick, this is all we get on the way back down. Commodities are volatile and will always feature sharp moves.
Sensible Stories
By , The Wall street Journal, 10/24/2008
MarketMinder's View: As for as “alternative” of energy go, nuclear is by far the cleanest and most efficient.
Sensible Stories
By , Bloomberg, 10/24/2008
MarketMinder's View: We’ll wait to see if this is a good or bad thing for the markets, but here are a few details on today’s action.
Sensible Stories
By , Motley Fool, 10/24/2008
MarketMinder's View: While we don’t agree with all points made, the overall message is clear—outlandish headlines should be ignored. Armageddon is not nigh.
Market Misperceptions
By , BBC, 10/24/2008
MarketMinder's View: Airlines always seem to be in financial trouble, in good times and bad. The plight of airlines is not (and never was) an economic indicator.
Sensible Stories
By , Forbes.com, 10/24/2008
MarketMinder's View: This is easier said than done, but markets would surely prefer a more benign Washington to an overzealous one.
Market Misperceptions
By , The New York Times, 10/24/2008
MarketMinder's View:
Regardless of your views of the estate tax, we feel money is better spent by individuals as opposed to central planners.
Sensible Stories
By , Fortune, 10/24/2008
MarketMinder's View: We agree today’s selling tumult has more to do with sentiment than fundamentals.
Sensible Stories
By , Forbes, 10/24/2008
MarketMinder's View: Free trade for all!
Market Misperceptions
By , Associated Press, 10/24/2008
MarketMinder's View: Stocks, oil, and gold have never been significantly historically correlated. Thus, the fact they are moving together now is a harbinger of little or nothing.
Market Misperceptions
By , New York Times, 10/23/2008
MarketMinder's View:
Government bailout maneuvers take time—weeks and months, not just days.  Judging the banks’ behavior today is premature.
Sensible Stories
By , Kiplinger, 10/23/2008
MarketMinder's View: While we don’t subscribe to all the research and advice in this article, investors should definitely be aware of ways their brains can blindside them.
Sensible Stories
By , BBC, 10/23/2008
MarketMinder's View: If there’s one thing the world can always have more of, it’s free trade.
Market Misperceptions
By , Telegraph, 10/23/2008
MarketMinder's View: A literal call for Armageddon. Ignore.
Sensible Stories
By , Reuters, 10/23/2008
MarketMinder's View: While we’re wary about forecasting a recession and feel index funds make poor investments for many, we do agree now is a great time to invest in the stock market for those who think long-term.
Market Misperceptions
By , CNNMoney.com, 10/23/2008
MarketMinder's View:
Did you feel stimulated after the first one? Neither did we.
Market Misperceptions
By , CNN Money, 10/23/2008
MarketMinder's View: When gas prices were high, doomsayers said it spelled gloom for the economy. Now gas prices are back off their highs, and doomsayers claim it’s due to weaker demand in a bad economy (with no statistics to substantiate claim of weaker demand). Keep in mind oil prices tend to be highly volatile.
Market Misperceptions
By , Slate, 10/23/2008
MarketMinder's View:
Unemployment numbers are likely to rise in the period ahead, but are still relatively low compared to other periods. Either way, employment is a lagging indicator, not a forward-looking one.
Sensible Stories
By , The Economist, 10/23/2008
MarketMinder's View: Credit markets may be slowly coming back to life, as evidenced by The London Interbank Offered Rate (LIBOR) gradual decline. Falling LIBOR indicates credit can flow easier.
Sensible Stories
By , Financial Times, 10/23/2008
MarketMinder's View: “…the business outlook is hardly as cataclysmic as the overheated broadcast media have painted it.” Indeed.
Sensible Stories
By , San Francisco Chronicle, 10/22/2008
MarketMinder's View: While we’re hesitant to give the “all clear” signal just yet, credit conditions indeed seem to be slowly thawing.
Sensible Stories
By , Bloomberg, 10/22/2008
MarketMinder's View: Excellent article detailing why gold is not a good long-term investment unless you’re prepared to wait. And wait. And wait.
Sensible Stories
By , Wall Street Journal, 10/22/2008
MarketMinder's View: One regulatory agency watching the market is likely better than several agencies with different oversight responsibilities.
Market Misperceptions
By , The New York Times, 10/22/2008
MarketMinder's View:
What’s efficient about more government control of industry?
Sensible Stories
By , Forbes, 10/22/2008
MarketMinder's View: Many are being scared out of the markets right now, and we agree the “fighters” taking the opportunity to buy into this market will be the ones who ultimately profit in the end.
Sensible Stories
By , The Wall Street Journal, 10/22/2008
MarketMinder's View: The continued plight of the US Auto industry is a great example of the consequences of government intervention.
Market Misperceptions
By , Bloomberg, 10/22/2008
MarketMinder's View: Putting a ceiling on earnings potential is effectively putting a ceiling on innovation and incentive for profit.
Market Misperceptions
By , CNNMoney, 10/22/2008
MarketMinder's View: We find this an interesting use of the word “stimulus”—as in “supposed to get something going.” But the fact is economic “stimulus” packages of the past do little but provide fleeting results.
Sensible Stories
By , Forbes, 10/22/2008
MarketMinder's View: Humankind has survived burst bubbles before, and this time will be no exception. If history teaches us correctly, this experience will yield innovations and “human economic betterment.”
Sensible Stories
By , Forbes, 10/22/2008
MarketMinder's View: Whether in a bubble or reverse bubble, avoiding the herd mentality is key to success for most investors.
Market Misperceptions
By , Washington Post, 10/21/2008
MarketMinder's View: High volatility is indicative of nothing more than high emotions reminiscent of most bear market bottoms, not fundamentals.
Market Misperceptions
By , Real Clear Markets, 10/21/2008
MarketMinder's View: Another stimulus bill won’t necessarily cure any or all economic problems.  The political motives behind this initiative are worth keeping an eye on.
Sensible Stories
By , Dow Jones, 10/21/2008
MarketMinder's View: Some pertinent details about the Fed’s plan to buy commercial paper from mutual funds.
Sensible Stories
By , IslamOnline.net, 10/21/2008
MarketMinder's View: “No small group of men, no matter how brilliant, can do well by substituting their judgment for the judgment inherent in the marketplace.” Words to live by.
Market Misperceptions
By , Wall Street Journal, 10/21/2008
MarketMinder's View: It’s preposterous to blame the “current turmoil” on one generation’s spending habits.  Anyway, baby boomers will be around for decades longer and likely keeping--and dare we say growing--their assets in stocks.
Market Misperceptions
By , Slate, 10/21/2008
MarketMinder's View: Starbucks’ drinks are now a leading economic indicator?  We don’t think so.
Sensible Stories
By , Forbes, 10/21/2008
MarketMinder's View: While we may not agree with everything is this article, history gives us reason believe there could be a “V” shaped recovery for stocks soon ahead.
Sensible Stories
By , Real Clear Markets, 10/21/2008
MarketMinder's View: Not only do they always work, they work best without intervention.
Market Misperceptions
By , The New York Times, 10/21/2008
MarketMinder's View:
True enough, but that’s no reason to denounce good news.
Sensible Stories
By , Telegraph, 10/20/2008
MarketMinder's View: It’s encouraging the world is acting together to stave off further financial trouble, unlike largely conflicting country policies in past crises. Here’s a summary of recent global actions—some good, others not so much.
Sensible Stories
By , Chicago Tribune, 10/20/2008
MarketMinder's View: Government led initiatives of this size are typically easier said than done—the bigger the bureaucracy, the more room for unintended consequences and bottlenecks.
Sensible Stories
By , San Francisco Chronicle, 10/20/2008
MarketMinder's View: A simple comparison between then and now reveals, despite the panic, we’re nowhere near the Great Depression. See our 10/8/2008 cover story, “The Benefit of Bad Memories,” for more.
Market Misperceptions
By , The Wall Street Journal, 10/20/2008
MarketMinder's View: This article mistakenly poses easing restrictions as negative. Forcing banks to price long-term assets as if they were short-term exacerbated this year’s credit trouble. Though helpful, this move may be late to the game. See our 10/2/2008 cover story, “From Liquid to Antiques Roadshow,” for more.
Market Misperceptions
By , The New York Times, 10/20/2008
MarketMinder's View: We dispute there are any truly reliable “leading” economic indicators, and we’re especially skeptical of said indicators over short periods. But that the result outstripped expectations illustrates many folks are overly negative currently.
Sensible Stories
By , The Wall Street Journal, 10/20/2008
MarketMinder's View: Government and regulators might find it more instructive to look in the mirror rather than at the hedge funds when trying to apportion blame.
Sensible Stories
By , Calculated Risk, 10/20/2008
MarketMinder's View: We’re not out of the woods yet, but we’ve recently seen some thawing in credit markets.
Market Misperceptions
By , The New York Times, 10/20/2008
MarketMinder's View:
This is probably more political than it is helpful. If politicians were truly interested in sustained economic stimulus, they’d cut out the middle man (themselves) and just cut taxes.
Sensible Stories
By , International Herald Tribune, 10/20/2008
MarketMinder's View: Now is not the time for belt-tightening—just one of many poor policy prescriptions leading up to depression in the 1930s.
Sensible Stories
By , Barron’s, 10/20/2008
MarketMinder's View: Though we disagree energy prices played any large role in slowing the economy, we do agree things are better than most are willing to admit.
Market Misperceptions
By , Times Online, 10/20/2008
MarketMinder's View:
It’s not as if growth has fallen off a cliff here! 9% GDP growth is still very robust.
Market Misperceptions
By , The Wall Street Journal, 10/20/2008
MarketMinder's View: Volatile commodity prices cause many folks to worry too much about both deflation and inflation—as shown by this year’s quick rise and fall of food and energy prices.
Market Misperceptions
By , CNNMoney.com, 10/17/2008
MarketMinder's View:
If higher prices were bad only months ago, shouldn’t lower prices be a good thing now? Some just can’t see good news for what it is—good!
Sensible Stories
By , The New Yorker, 10/17/2008
MarketMinder's View: Fear and uncertainty, and not necessarily fundamentals, are making lenders hesitant to lend.
Market Misperceptions
By , Guardian, 10/17/2008
MarketMinder's View: Protectionist government policies will likely hurt long-term economic prospects and limit growth.
Sensible Stories
By , Bloomberg, 10/17/2008
MarketMinder's View: Near-frozen credit markets are showing signs of thawing. See our current cover story, “Easing Goes It,” for more.
Market Misperceptions
By , Breaking Views, 10/17/2008
MarketMinder's View: A few monthly indicators show a slowdown in parts of the economy—whether that translates to a recession remains to be seen. There are hardly any foregone conclusions right now. 
Market Misperceptions
By , Forbes, 10/17/2008
MarketMinder's View: Valuations may be able to tell you if stocks are relatively cheap or expensive, but valuations alone cannot predict stocks’ performances in the short or long run.
Market Misperceptions
By , Reuters, 10/17/2008
MarketMinder's View: Economists have been predicting a US recession for the past year and a half. Even if the US were to enter a mild recession, note the economy has always managed to bounce back better than ever from past ones—and in all likelihood, the worst of it has already been priced into stocks.
Sensible Stories
By , Portfolio.com, 10/17/2008
MarketMinder's View: Technology continues to make sharing market information easier and faster—and could drive interesting developments for a system powered by information.
Market Misperceptions
By , The Guardian, 10/17/2008
MarketMinder's View: Why does the economy need a “plan”? See John Stossel’s piece under our Sensible Stories today for more.
Sensible Stories
By , National Review Online, 10/17/2008
MarketMinder's View: One danger of “temporary” government interventions in free markets? They become permanent.
Sensible Stories
By , The New York Times, 10/17/2008
MarketMinder's View: Is Warren Buffet crazy for buying stocks today? Nope, and here’s why.
Sensible Stories
By , The Wall street Journal, 10/17/2008
MarketMinder's View: “The sad thing is that there is no need to strong-arm large banks; indeed, this tactic adds risk to the financial stabilization effort.” And it is a risk that the market doesn’t need.
Sensible Stories
By , The Wall Street Journal, 10/17/2008
MarketMinder's View: This is today’s required reading—the economy as an ice skating rink.
Market Misperceptions
By , Chicago Tribune, 10/17/2008
MarketMinder's View: The value meal as an economic indicator? We don’t think so.
Sensible Stories
By , The Washington Post, 10/16/2008
MarketMinder's View: While we disagree with the author’s notion that tax deductions are bad, we do agree government interference generally isn’t a good thing for markets long-term.
Market Misperceptions
By , The Los Angeles Times, 10/16/2008
MarketMinder's View: Although the current financial crisis isn’t good for the economy, many statistics and studies cited in this article are, at best, coincident indicators.
Sensible Stories
By , Slate, 10/16/2008
MarketMinder's View: A good explanation of what derivatives are and how they’re calculated. Please see our 10/13/08 cover story, “Ghosts of Lehman’s Debt,” for more.
Sensible Stories
By , The Wall Street Journal, 10/16/2008
MarketMinder's View: A realistic view of US economic and financial prospects for the future.
Sensible Stories
By , City Journal, 10/16/2008
MarketMinder's View: “The Europeans overlook the fundamentals of any growing economy: it is cyclical, growth requires innovation, and there can be no innovation without trials and errors.” In short, the current financial crisis may be viewed as a learning opportunity to avoid future mistakes. Capitalism is indeed brutal when it cleans house, but that’s only evidence it’s working.
Market Misperceptions
By , Seeking Alpha, 10/16/2008
MarketMinder's View: Doom and gloom abound in this article. Rather than try to exactly time the bottom (nearly impossible), this is a good time to buy stocks at cheap prices in anticipation of the longer-term, brighter future.
Sensible Stories
By , The Wall Street Journal, 10/16/2008
MarketMinder's View: It’s difficult to predict exactly what the consequences of government intervention other than to say if we use history as a guide, there definitely will be some.
Market Misperceptions
By , The Wall Street Journal, 10/16/2008
MarketMinder's View: If it’s not clear already, note how politicized the “rescues” have become. That’s a bad thing.
Market Misperceptions
By , The Wall Street Journal, 10/16/2008
MarketMinder's View: So, let’s get this straight—knowing the last “bailout” had only fleeting positive effects, the political choice is to do it again!?
Market Misperceptions
By , Times Online, 10/16/2008
MarketMinder's View:
Fear of a recession is nothing new and as such is not what moved the markets yesterday.
Sensible Stories
By , Time, 10/16/2008
MarketMinder's View: We’ve always said in times of market uncertainty (like now) certain innate features of your mental wiring can be your worst enemy. Here’s a scientific look at how the brain reacts to unpredictable occurrences like market volatility.
Market Misperceptions
By , The New York Times, 10/15/2008
MarketMinder's View:
It’s interesting to note the comparisons to the Great Depression when the US has experienced only quarter of contraction---and that was the 4th quarter of 2007! The US hasn’t even experienced a recession, much less a Depression.
 
Market Misperceptions
By , The Wall Street Journal, 10/15/2008
MarketMinder's View: Though this will concern many, now is not the time for belt tightening—contracting fiscal and monetary policy was a major error leading up to the Great Depression.
Sensible Stories
By , The Wall Street Journal, 10/15/2008
MarketMinder's View: We agree these “drastic steps might have been avoided had the Treasury and FDIC acted sooner.” See today’s cover story, “Follow the Leader,” for more.
Sensible Stories
By , The Financial Times, 10/15/2008
MarketMinder's View: It’s instructive to recall we’ve had many financial crises in the past and have always emerged from them.
Sensible Stories
By , The Wall Street Journal, 10/15/2008
MarketMinder's View: The extreme volatility of late demonstrates a short-term departure from fundamentals—just like you’d see in a bubble. But long-term, stocks should still beat all
Market Misperceptions
By , Reuters, 10/15/2008
MarketMinder's View: High (remember the evil speculators?) or low (impending economic doom), oil prices just can’t win. But oil’s price trends aren’t predictive of much but oil’s natural volatility.
Market Misperceptions
By , Reuters, 10/15/2008
MarketMinder's View: The risk of recession is certainly elevated as long as financial markets remain locked up. But a handful of monthly indicators don’t make a convincing case.
Sensible Stories
By , The Wall Street Journal, 10/15/2008
MarketMinder's View: It’s far too soon to say “all clear,” but it’s worth noting Libor has lately eased a bit and not headed the other direction.
Sensible Stories
By , Real Clear Politics, 10/15/2008
MarketMinder's View: We need only go as far back as Sarbanes-Oxley to dispel the myth that regulation is always the answer.
Sensible Stories
By , Wall Street Journal, 10/14/2008
MarketMinder's View: More federal action to ensure the stability of America’s banking system. Here’s a good overview of the plan.
Sensible Stories
By , The Wall Street Journal, 10/14/2008
MarketMinder's View: The financial services turmoil won’t precipitate the end of the America as we know it.
Market Misperceptions
By , The Washington Post, 10/14/2008
MarketMinder's View: Don’t get us wrong—there were some dumb moves made as the crisis unfolded, but scapegoating accomplishes little save new restrictions on the already law-abiding and competent.
Market Misperceptions
By , San Francisco Chronicle, 10/14/2008
MarketMinder's View: We’d advise strong caution in heeding the prognostications of surveys—too often they feature huge assumptions and broad estimates.
Sensible Stories
By , Slate, 10/14/2008
MarketMinder's View: Perception of reality, not reality, often dominates in times of mania and panic. For more, see our 10/9/2008 column, “Simple Choices.”
Market Misperceptions
By , CNNMoney.com , 10/14/2008
MarketMinder's View: It’s to be expected the Financials-heavy New York City would suffer, but one city’s problems don’t spell doom for the whole economy.
Sensible Stories
By , SmartMoney, 10/14/2008
MarketMinder's View: While we don’t agree with every point made, the fact is stocks are cheap by almost any possible valuation metric.
Sensible Stories
By , Wall Street Journal, 10/14/2008
MarketMinder's View: Fed Chairman Bernanke discusses the tools set in place to protect the US economy. Like the plan or not, it’s worth knowing his views.
Market Misperceptions
By , The Financial Times, 10/14/2008
MarketMinder's View:
It’s funny how as soon as the market has a good day we start looking for the next disaster that will bring us to our knees.
Sensible Stories
By , The Wall Street Journal, 10/13/2008
MarketMinder's View: Financial crises and government intervention does not mean capitalism is dead.
Sensible Stories
By , The Wall Street Journal, 10/13/2008
MarketMinder's View: It just goes to show, you never know—late last week, many were worried Morgan Stanley would go under over the weekend. They’re not out of the woods yet, but fresh capital should help—as will a near 90% run up in its stock price on Monday.
Sensible Stories
By , The Wall Street Journal, 10/13/2008
MarketMinder's View: No equation yet invented can account for human behavior. And we might add that technical gauges, no matter how brilliant, still rely on a very limited set of historical data.
Market Misperceptions
By , CNBC, 10/13/2008
MarketMinder's View: Maybe…maybe not! Many will weigh in on the topic over the next days. We could be there already or there may be some more downside from here. But it matters less when the exact bottom comes, and more that investors are in stocks when it arrives—the bull bounce will be big and fast when it does happen. 
Market Misperceptions
By , Times Online, 10/13/2008
MarketMinder's View:
There is no comparison between the threats to the global economy in 1933 and in 2008. 
Market Misperceptions
By , Reuters, 10/13/2008
MarketMinder's View: Today’s most visible news items? Sure. Driving today’s rally? Impossible to tell. Recent market activity underscores that short-term market movement in tumultuous times is mostly inscrutable.
Sensible Stories
By , The Wall Street Journal, 10/13/2008
MarketMinder's View: Here’s a rundown of recent and pending coordinated global action to stem the crisis.
Sensible Stories
By , The Wall Street Journal, 10/13/2008
MarketMinder's View: We don’t agree with every point in this article, but the broader message is right on: Now is exactly the wrong time to shun stocks.
Sensible Stories
By , Calafia Beach Pundit, 10/13/2008
MarketMinder's View: This is a great summary of the widely unheralded yet vital development that likely drove Friday’s big intraday stock market recovery.
Sensible Stories
By , Reason Magazine, 10/10/2008
MarketMinder's View: Some government interventions of late have been good, and others bad—it will take time for all consequences to shake out. But we do agree usually the least invasive methods are the best.
Sensible Stories
By , USA Today, 10/10/2008
MarketMinder's View: In our view, this is a good resolution to the dispute since Wells Fargo’s offer doesn’t ask for government aid or intervention. It’s an unappreciated bullish factor that banks are fighting over what most consider valueless assets.
Sensible Stories
By , The Financial Times, 10/10/2008
MarketMinder's View: Shutting down markets cannot possibly improve investor confidence.
Sensible Stories
By , Slate, 10/10/2008
MarketMinder's View: Short answer: No. Many factors contributed to the current woes Europe is experiencing—placing the blame entirely on America is called scapegoating.
Sensible Stories
By , The New York Times, 10/10/2008
MarketMinder's View: A level-headed and contrary view about a mostly healthy economy in the midst of a financial crisis.
Market Misperceptions
By , International Herald Tribune, 10/10/2008
MarketMinder's View:
Talk of a coordinated bailout or whether or not this proposal does get passed, global efforts to aid in a financial crisis such as this tend to backfire.  It’ll be quite a feat to get all G-8 nations to agree on an appropriate plan and unlikely to happen. 
Market Misperceptions
By , New York Times, 10/10/2008
MarketMinder's View: We don’t see how the government’s direct ownership of banks can be perceived as a positive thing for the market.
Market Misperceptions
By , Wall Street Journal, 10/10/2008
MarketMinder's View: We’ve seen claims we are in a recession many times before.  Whether or not GDP ends up negative in the coming quarters has yet to be determined, but the fact is it hasn’t done so yet—globally or in the US.
Market Misperceptions
By , The Washington Post, 10/10/2008
MarketMinder's View:
A stimulus package, just like the last one, will not have change anything.
Sensible Stories
By , USA Today, 10/10/2008
MarketMinder's View: We agree fear is fueling the panic—the underlying values of most assets have been unduly punished.
Sensible Stories
By , The New York Times, 10/09/2008
MarketMinder's View: Unless you really think the markets are destined for armageddon, now is not the time for long term investors to pull out of equities.
Market Misperceptions
By , Times Online, 10/09/2008
MarketMinder's View:
We don’t place much faith in IMF forecasts, especially when they describe a global recession as positive growth of 2.5%!
Sensible Stories
By , The Wall Street Journal, 10/09/2008
MarketMinder's View: A good breakdown of the differences between the events now and those leading to the Great Depression.
Sensible Stories
By , Bloomberg, 10/09/2008
MarketMinder's View: In the absence of the ban on short selling, the market will be freer to perform based on the laws of supply and demand and not arbitrary rules.
Sensible Stories
By , Wall Street Journal, 10/09/2008
MarketMinder's View: While we may not know the results of any action or inaction just yet, it’s a good idea to keep an eye on discussions nevertheless.
Sensible Stories
By , The Washington Post, 10/09/2008
MarketMinder's View: “This financial chaos has ruined our sleep but left our physical and human capital unscathed. We have the same productive capacity today we had a year ago. And if our capital hasn't changed, we've suffered no overall capital loss.” It isn’t clear yet whether Uncle Sam is doing more harm than good, but we agree with anything negating thoughts of a depression.
Sensible Stories
By , Bloomberg, 10/09/2008
MarketMinder's View: We agree: Today’s action is reminiscent of a true panic than an appraisal of reality. Today’s economic landscape isn’t rosy, but it’s far from Armageddon.
Sensible Stories
By , The Telegraph, 10/08/2008
MarketMinder's View: A convincing argument in favor of stocks right now.
Market Misperceptions
By , CNNMoney, 10/08/2008
MarketMinder's View: When shouldn’t you “expect volatility for oil prices?” Never. Commodities are by definition volatile and almost completely unpredictable in the near term.
Sensible Stories
By , The New York Times, 10/08/2008
MarketMinder's View: People are acting under the notion of “It’s Different This Time”---the four most dangerous words of investing.
Sensible Stories
By , The Wall Street Journal, 10/08/2008
MarketMinder's View: It’s always instructive to look back at what might have been similar problems in the past. Japanese style deflation was not one of them.
Sensible Stories
By , The Wall Street Journal, 10/08/2008
MarketMinder's View: Over the last several weeks, fear has pushed through quick, dramatic policy decisions with little debate—many of which we may later see as having severely worsened the crisis.
Market Misperceptions
By , The Telegraph, 10/08/2008
MarketMinder's View:
Remember 1929 – Government intervention prolonged, not solved, the issue.
Market Misperceptions
By , The Wall Street Journal, 10/08/2008
MarketMinder's View: Maybe this is a good sign, maybe not. Investors shouldn’t lend much credence to monthly indicators no matter their direction.
Sensible Stories
By , The Wall Street Journal, 10/08/2008
MarketMinder's View: Coordinated global monetary policy is one major capital markets improvement since the 1930s. See today’s cover story, “The Benefit of Bad Memories,” for more.
Sensible Stories
By , RealClearMarkets, 10/08/2008
MarketMinder's View: We also worry about a misguided, mostly myth-based legislative backlash—in response to the unintended fallout of the last misguided, mostly myth-based legislative backlash.
Market Misperceptions
By , MSNBC, 10/08/2008
MarketMinder's View: Believing government is a better asset manager than private sector professionals is preposterous—we believe such action at best muddles things, at worst is reckless.
Sensible Stories
By , The Wall Street Journal, 10/07/2008
MarketMinder's View: Putting both the Great Depression and the potential demise of capitalism in perspective.
Sensible Stories
By , Bloomberg, 10/07/2008
MarketMinder's View: The Fed is continuing to take unprecedented and aggressive steps to provide liquidity.
Sensible Stories
By , Fund Strategy, 10/07/2008
MarketMinder's View: Global growth may or may not slow in the coming months, but it’ll likely avoid a Depression-like contraction.
Sensible Stories
By , Yahoo Finance, 10/07/2008
MarketMinder's View: We think using less-invasive tactics (like lowering rates among others) may be more effective policy prescription than large-scale government intervention.
Market Misperceptions
By , Los Angeles Times, 10/07/2008
MarketMinder's View: Comparisons to the Great Depression abound—but today’s leaders have increased awareness and more targeted policy prescriptions. We don’t currently see depression as likely.
Market Misperceptions
By , The New York Times, 10/07/2008
MarketMinder's View:
Recession is not yet a foregone conclusion. Though more logistically challenged, European leaders are taking active, concerted steps to shore up financial systems. See yesterday’s (10/7/2008) cover story, “An Uncertain Panic,” for more.
Sensible Stories
By , Financial Times, 10/06/2008
MarketMinder's View: “I would say shares are as cheap as I've seen them in my lifetime of managing money…” Outstanding.
Sensible Stories
By , Real Clear Markets, 10/06/2008
MarketMinder's View: We applaud the Fed using its traditional powers to target panicked lenders and wonder why they weren’t exercised more vigorously earlier.
Market Misperceptions
By , Time, 10/06/2008
MarketMinder's View: Some banks will likely fail. It’s the market’s way of cleaning house. But the ultimate fallout remains unclear, and we think it’s far too early to make such matter-of-fact statements.
Market Misperceptions
By , CNNMoney.com, 10/06/2008
MarketMinder's View: It makes perfect sense that a time of uncertainty would breed such fears, but public opinion polls aren’t great forecasting tools. We have yet to see negative growth and that we might soon be in recession is very much debatable. In any case, “we're a long, long way from a depression."
Sensible Stories
By , Bloomberg, 10/06/2008
MarketMinder's View: The US federal government’s recent erratic behavior has likely made a bad situation much worse.
Sensible Stories
By , The Wall Street Journal, 10/06/2008
MarketMinder's View: With most of the media so focused on the US, it’s easy to forget the global picture.
Sensible Stories
By , The Telegraph, 10/06/2008
MarketMinder's View: “Events need to be put in context and investors need a historical perspective.” – Absolutely.
Sensible Stories
By , Wall Street Journal, 10/06/2008
MarketMinder's View: When folks are most fearful, markets tend to hit bottom. Currently, the risk of missing a big bull bounce back outweighs the risk of some more downside from here.
Sensible Stories
By , Wall Street Journal, 10/06/2008
MarketMinder's View: The financial landscape continues to experience massive changes under inconsistent government intervention. Here’s a good summary of the Wells Fargo/Citigroup dispute over troubled Wachovia.
Market Misperceptions
By , The Telegraph, 10/06/2008
MarketMinder's View:
Ok, we know we’re experiencing challenging times but this sounds like the end of the world! We’ve pulled through far greater turmoil than we’re experiencing now.
Market Misperceptions
By , The New York Times, 10/03/2008
MarketMinder's View:
Calling this the worst economic crisis since the Great Depression is simply wrong. You only need look at global GDP figures to realize that.
Sensible Stories
By , Wall Street Journal, 10/03/2008
MarketMinder's View: “But we do know that the free market has a long-run track record of creating prosperity—even with the occasional crash.” Free markets are usually best served left to themselves, without unnecessary government intervention.
Market Misperceptions
By , Bloomberg, 10/03/2008
MarketMinder's View: A lagging indicator—especially that of employment—shouldn’t be extrapolated to mean the economy is headed for “the worst recession in at least a quarter century.”
Sensible Stories
By , Bloomberg, 10/03/2008
MarketMinder's View: It’s important to note banks have begun fighting over purchasing these assets—this is less a rescue than a bidding war.
Sensible Stories
By , Times Online, 10/03/2008
MarketMinder's View: Whatever we’re talking about we have an innate ability to exaggerate the truth!
Sensible Stories
By , Wall Street Journal, 10/03/2008
MarketMinder's View: Here are a few details on today’s bailout bill passage.
Sensible Stories
By , Briefing.com , 10/03/2008
MarketMinder's View: “Any attempt to draw comparisons between the current economic environment and the Great Depression is utter nonsense.”
Market Misperceptions
By , CNNMoney.com, 10/03/2008
MarketMinder's View: A prediction of retail sales (yet another lagging indicator) with little evidence to support its claim. Ignore.  Retailers are lowering prices.  Since when is this a bad thing? (Or, put differently—when have retailers ever NOT competed aggressively during the holiday season for business?)
Sensible Stories
By , The Wall Street Journal, 10/03/2008
MarketMinder's View: Why are we not surprised?
Market Misperceptions
By , The Wall Street Journal, 10/02/2008
MarketMinder's View: “The government needs the power to use public capital to defend and stabilize the financial system. In that sense, we are really bailing out ourselves.” As we’ve said before, government intervention is not necessarily a positive thing. Free markets should be the deciding body for everything. 
Market Misperceptions
By , BusinessWeek, 10/02/2008
MarketMinder's View: Ignore. Weekly numbers—particularly a lagging indicator like employment —should never be considered leading market indicators. 
Sensible Stories
By , Time, 10/02/2008
MarketMinder's View: A good, balanced perspective: Credit is tighter today, but remains widely available to qualified borrowers across most strata.
Sensible Stories
By , Real Clear Markets, 10/02/2008
MarketMinder's View: “The lessons of past financial inflection points are that we must let the markets reallocate capital from less efficient to more efficient uses.” The fact is, down times are part and parcel to the creative destruction cycle—a very good and worthy thing in the long run.
Market Misperceptions
By , Times Online, 10/02/2008
MarketMinder's View:
You might expect at least some comment on Global GDP Growth here, but since that’s still running between 3-4% it wouldn’t really back up the story would it?
Market Misperceptions
By , Forbes, 10/02/2008
MarketMinder's View: It may look and feel like Armageddon today, but the fact is most parts of the financial system—and the broader economy—are functioning and will continue to do so.
Sensible Stories
By , Briefing, 10/02/2008
MarketMinder's View: “These may be unprecedented times, but so was every other major crisis that precipitated some scary-looking selling activity. In each of those instances, the stock market recovered and new wealth was created.” We couldn’t agree more.
Sensible Stories
By , YahooFinance, 10/02/2008
MarketMinder's View: We said this bill was likely to become hyper-politicized. See our commentary “Politicizing the Rescue Plan” (9/29/08), for more.
Sensible Stories
By , Financial Times, 10/01/2008
MarketMinder's View: Trying to separate pain from business and economics can prevent evolution of useful responses.
Sensible Stories
By , Bloomberg, 10/01/2008
MarketMinder's View: The bailout bill’s future may hinge on Senate approval. Here is a good place for up-to-date details.
Market Misperceptions
By , BusinessWeek, 10/01/2008
MarketMinder's View: This article contains a lot of speculation but few facts. Consumer sentiment typically lags the real economy (or is at best coincident) and doesn’t always correlate with consumer spending. Note that consumer spending has been positive most of this year while sentiment has simultaneously tanked.
Sensible Stories
By , The Wall Street Journal, 10/01/2008
MarketMinder's View: “The most amazing paradox of 2008 is the continued growth of the U.S. economy and the sorry state of the U.S. financial markets.” Indeed.
Sensible Stories
By , Forbes.com, 10/01/2008
MarketMinder's View: “Owning a mortgage-backed security in this environment is like owning a pointy hat and a black cat in colonial Massachusetts.” No one wins when financial decisions become politicized.
Sensible Stories
By , New York Post, 10/01/2008
MarketMinder's View: Government intervention in free markets can prolong and exacerbate uncertainties, and delay failures of nonviable companies.
Sensible Stories
By , The Wall Street Journal, 10/01/2008
MarketMinder's View: Large, strategic M&A deals continue, signaling that despite some credit constraints, there are still firms with ample capital and confident outlooks.
Market Misperceptions
By , The New York Times, 10/01/2008
MarketMinder's View: Computational modeling in markets is an interesting development and may be able to highlight broad themes. But simulation of human behavior—not matter how “lifelike”—cannot account for actual human responses or extraneous events. Policies based on computational modeling will surely run into these problems.
Sensible Stories
By , The Wall Street Journal, 10/01/2008
MarketMinder's View: Well there’s a plan that doesn’t cost $700bn.
Sensible Stories
By , The Wall Street Journal, 10/01/2008
MarketMinder's View: Governments around the world continue to intervene in financial institutions—and it’s important to stay informed on these events. See today’s cover story, “Study Abroad,” for more.
Market Misperceptions
By , The Washington Post, 10/01/2008
MarketMinder's View: We fail to see how this is less cumbersome or hazardous than the bailout bill as it stands—in fact, simply “paying off” delinquent loans would probably cause greater long-term dislocations in housing and financial markets than before.
Market Misperceptions
By , Financial Times, 10/01/2008
MarketMinder's View:
Congress failing to agree the ‘bailout’ does not push us any closer to Great Depression II.
Sensible Stories
By , The Wall Street Journal, 09/30/2008
MarketMinder's View: The call for a new gold standard might be a bit much, but we agree concentrated economic decision-making often results in unintended negative consequences.
Market Misperceptions
By , New York Times, 09/30/2008
MarketMinder's View:
And less than two weeks ago we had the ‘best day.’ This speaks more of volatility in the markets than where they are heading in the long run.
Market Misperceptions
By , Reuters, 09/30/2008
MarketMinder's View: If consumer confidence didn’t help forecast the last few weeks’ economic or market events, what’s it good for?
Market Misperceptions
By , MSN Money, 09/30/2008
MarketMinder's View: Folks have been forecasting recession for well over a year now. Current events may heighten the risk, but recession is not yet a foregone conclusion and now’s not the time to panic in any case.
Sensible Stories
By , The Wall Street Journal, 09/30/2008
MarketMinder's View: Uncertainty is the name of the game—always will be. But there’s little reason to believe we’re heading toward another Great Depression.
Market Misperceptions
By , CNBC, 09/30/2008
MarketMinder's View: A global crisis calls for a global solution—how “global” suddenly means “US” is beyond us.
Sensible Stories
By , Forbes.com, 09/30/2008
MarketMinder's View: Separating financial market turmoil and the resilience of the economy is important when deducing where markets are likely to head in the future.
Sensible Stories
By , International Herald Tribune, 09/30/2008
MarketMinder's View: Lost in the bailout chatter, central banks continue to support the financial system using more traditional, less invasive methods.
Sensible Stories
By , CNNPolitics, 09/30/2008
MarketMinder's View: It’s important to remember ill-conceived government policy is at least partially culpable for this mess. And solving poor government policy with more and bigger government is rarely the best solution.
Sensible Stories
By , Bloomberg, 09/29/2008
MarketMinder's View: Uncertainty remains in financial markets with the bill’s failure to pass the House. Clearly, more deliberation is required.
Sensible Stories
By , The American Spectator, 09/29/2008
MarketMinder's View: Simple changes to accounting rules could very well have a significant positive impact on the crisis. And you don’t need a bill or $700 billion to accomplish it.
Sensible Stories
By , The Wall Street Journal, 09/29/2008
MarketMinder's View: Developments with foreign banks are worth keeping an eye on --not just the US.
Market Misperceptions
By , CNNMoney, 09/29/2008
MarketMinder's View: Yes, consumer spending is a big part of GDP, but one month doesn’t tell the whole story. Overall, consumers are holding up so far this year.
Sensible Stories
By , Time, 09/29/2008
MarketMinder's View: This article is a bit heated, but it is worth a read.
Market Misperceptions
By , Fortune, 09/29/2008
MarketMinder's View: No surprise that peak oil proponents are comparing today’s gas lines in the South to the environment of the 1970s. Yes, oil prices should remain firm, but that doesn’t mean we’re running out of the stuff.
Sensible Stories
By , Marketwatch.com, 09/29/2008
MarketMinder's View: We’ve made the point before, but it’s important to retain perspective on today’s events.
Sensible Stories
By , MSN Money, 09/29/2008
MarketMinder's View: Clearly, the ban on short sales hasn’t really worked. When will regulators learn the market is better equipped to determine prices than any individual or government?
Market Misperceptions
By , Times Online, 09/29/2008
MarketMinder's View: Egad! It’s come to this: “Now I think it might be time to panic.” When is it ever a good time to panic? (The answer for investors is “never.”)
 
Sensible Stories
By , Bloomberg, 09/29/2008
MarketMinder's View: Lost amid all the hype surrounding the financial bailout plan is the fact that the Fed just injected an amount almost equal to the proposed bill, which fell short of passing the House.
Market Misperceptions
By , Businessweek, 09/26/2008
MarketMinder's View: Waiting for backward-looking indicators to lead the way could be costly for investors. Trust instead the ultimate forward-looking indicator—the stock market!
Market Misperceptions
By , The Wall Street Journal, 09/26/2008
MarketMinder's View: It’s easy to pin oil’s slide to the day’s biggest news item. But volatile commodity price fluctuations are driven by any number of fundamentals—and they don’t historically have much to do with stock prices anyway.
Sensible Stories
By , The Daily Standard, 09/26/2008
MarketMinder's View: Finally a bipartisan agreement—or not? Today’s fast-paced markets require vigilance before action. See today’s cover story, “Merely Bailout Opines, Not Call to Action,” for more.
Market Misperceptions
By , The Wall Street Journal, 09/26/2008
MarketMinder's View: Government numbers are fickle, and we don’t expect that to change anytime soon. That the economy grew near its historic average in the second quarter is more important than the small revision.
Sensible Stories
By , The New York Times, 09/26/2008
MarketMinder's View: No one knows what the plan’s final incarnation will look like, but here’s an interesting glance at the actual language of the bill as it was introduced to Congress—and potential risks therein.
Sensible Stories
By , The Wall Street Journal, 09/26/2008
MarketMinder's View: Here’s a good rundown of the quick government seizure and resale of WaMu to JP Morgan.
Market Misperceptions
By , The Telegraph, 09/26/2008
MarketMinder's View:
Plucking data from select property and financial services firms won’t give you an accurate picture of the economy.
Market Misperceptions
By , The New York Times , 09/26/2008
MarketMinder's View:  “One month does not make a trend.” We wholeheartedly agree.
Sensible Stories
By , Financial Times, 09/26/2008
MarketMinder's View: It seems most folks will have an opinion on the causes of financial turmoil. It doesn’t mean they are right.
Sensible Stories
By , The Telegraph, 09/26/2008
MarketMinder's View: Coordinated action from the world’s central banks supports global capital markets in ways we’ve not seen in past crises—a fact illustrating the strength of today’s system.
Sensible Stories
By , SmartMoney, 09/26/2008
MarketMinder's View: A bailout package will undoubtedly have some negative consequences, but deliberation and attention to detail—two things often missing in rushed legislation—could make all the difference in attaining a useful result.
Sensible Stories
By , The Los Angeles Times, 09/26/2008
MarketMinder's View: “Given America's record of resiliency, it would be foolish to ‘short’ our prospects based on recent turmoil.” Well put.
Market Misperceptions
By , Los Angeles Times, 09/25/2008
MarketMinder's View: One fear of imposing new regulation on free markets is overreaching government, which has the potential to do more harm than good.
Market Misperceptions
By , CNNMoney.com, 09/25/2008
MarketMinder's View: For a level-headed view of the Treasury’s proposed “price tag” see today’s cover story, “Dollars for Assets,” for more.
Market Misperceptions
By , The Wall Street Journal, 09/25/2008
MarketMinder's View: These folks get it almost exactly wrong. Free markets didn’t wipe out Wall Street—the fault lies with obtrusive governmental practices that deviated from conventional market discipline.
Market Misperceptions
By , The Independent, 09/25/2008
MarketMinder's View:
It’s too early to speculate exactly how damaging the new regulation might be, and far too early to suggest overall economic recovery will be severely impacted.
Market Misperceptions
By , Financial Times, 09/25/2008
MarketMinder's View: Doubtful, but not impossible. It ultimately matters little for globally diversified investors with appropriate exposure to firms around the world.
Market Misperceptions
By , The Wall Street Journal, 09/25/2008
MarketMinder's View: Anyone else find it a bit ridiculous the government is passing a loan to help carmakers meet regulations the government imposed?
Sensible Stories
By , The New York Times, 09/25/2008
MarketMinder's View: Who would have thought? Lower taxes, more business!
Sensible Stories
By , Real Clear Markets, 09/25/2008
MarketMinder's View: Apportioning blame to and reacting against the actions of short sellers is not the answer to the financial turmoil.
Sensible Stories
By , The Wall Street Journal, 09/25/2008
MarketMinder's View: Here’s an excellent take based on history about current risks of wide government intervention.
Market Misperceptions
By , Bloomberg, 09/25/2008
MarketMinder's View: It’s not surprising the unpopular government is looking for scapegoats. But if you take away a legitimate (and sizeable) investing model, unintended consequences and increased risk will arise.
Sensible Stories
By , Fortune, 09/25/2008
MarketMinder's View: We don’t know how today’s world will turn out, but we believe the power of active incentive and creativity will move us not just toward a solution, but to greater and more effective innovations.
Sensible Stories
By , The American, 09/25/2008
MarketMinder's View: An interesting glance at the role of government and markets in the Energy industry.
Sensible Stories
By , Financial Post, 09/24/2008
MarketMinder's View: Labor shortages rarely happen in a truly recessionary global economy.
Sensible Stories
By , Marginal Revolution, 09/24/2008
MarketMinder's View: The key thing to note is total bank credit has not fallen off a cliff—despite today’s financial problems.
Sensible Stories
By , National Review Online, 09/24/2008
MarketMinder's View: High corporate tax rates hurt American global competitiveness and affect individuals as well as businesses.
Market Misperceptions
By , Forbes, 09/24/2008
MarketMinder's View: Supply and demand are the final determinants of commodity prices.
Sensible Stories
By , Forbes.com, 09/24/2008
MarketMinder's View: We don’t yet know what unintended consequences will arrive after this government intervention but we do know that it probably won’t change future human behaviour.
Market Misperceptions
By , The Financial Times, 09/24/2008
MarketMinder's View:
We can’t rule out further intervention in Europe but it’s wholly inaccurate to describe the bailout plan of up to $700bn as an effective nationalization of the US financial system.
Market Misperceptions
By , BusinessWeek, 09/24/2008
MarketMinder's View: This is a strange angle considering the US isn’t currently in a recession (GDP growth has been positive through all of 2008 so far), nor is the global economy.
Sensible Stories
By , CNNMoney.com, 09/24/2008
MarketMinder's View: Today’s markets cause uncertainty and fear in most investors—but the smart ones don’t react based on short-term emotions, but on long-term investing objectives.
Sensible Stories
By , National Review Online, 09/23/2008
MarketMinder's View: Conservative principles aside, this is a measured analysis of the proposed financial rescue plan facing Congress. See today’s cover story, “Certainly Uncertain,” for more.
Market Misperceptions
By , Bloomberg, 09/23/2008
MarketMinder's View: Today’s headlines are awash with opinions, policy prescriptions, and forecasts. Bottom line is no one knows what will happen yet—events are still far too fluid.
Market Misperceptions
By , CNBC, 09/23/2008
MarketMinder's View: Though we agree a major difference between today and the 1930s is federal experience, the headline is misleading. So far, the “shock” has been mostly to the financial system, not the broader economy.
Sensible Stories
By , The Wall Street Journal, 09/23/2008
MarketMinder's View: A good reminder that in free global markets, capital may be reallocated where it can be utilized best, saving the best and ditching the worst—something to applaud, not fear.
Market Misperceptions
By , The Telegraph, 09/23/2008
MarketMinder's View:
The day to day moves in the price of oil, the stock market and the dollar won’t tell you anything about the economy.
Sensible Stories
By , The Wall Street Journal, 09/23/2008
MarketMinder's View: We doubt the proposal will make it through Congress without some significant concessions—many of which may have little to do with the crisis and everything to do with politics.
Market Misperceptions
By , The Wall Street Journal, 09/23/2008
MarketMinder's View: Perhaps so, but we’ve yet to see how it will play out. Just because old school investment houses have been forced into conservative business models doesn’t mean new players won’t emerge.
Sensible Stories
By , The Financial Times, 09/23/2008
MarketMinder's View: Whilst the business model may change, it would be premature to suggest now marks the end of investment banking.
Market Misperceptions
By , The Associated Press, 09/22/2008
MarketMinder's View: Commodities prices can be extremely volatile, and daily moves don't necessarily portend anything either way.
Sensible Stories
By , Bloomberg, 09/22/2008
MarketMinder's View: Stock buybacks tell you two things: 1) Equity supply is shrinking, and 2) executives believe their stock is worth more than today’s levels. Both are bullish.
Sensible Stories
By , Forbes, 09/22/2008
MarketMinder's View: We don’t know whether Paulson’s proposal will pass congressional muster or if it’s a good idea, but here’s a good breakdown of the plan.
Market Misperceptions
By , Times Online, 09/22/2008
MarketMinder's View:
Given the gradually improving economic growth since the end of last year, this seems far too pessimistic.
Sensible Stories
By , Forbes, 09/22/2008
MarketMinder's View: Selling now would only lock in your losses. Historically, stocks’ sharp comebacks more than makes up bear market losses.
Market Misperceptions
By , Reuters, 09/22/2008
MarketMinder's View: Nannies are now an economic indicator? We don’t think so.
Sensible Stories
By , The Wall Street Journal, 09/22/2008
MarketMinder's View: This may be a good move, or it may not. It’s too soon to tell, but we will be watching closely as the events unfold.
Sensible Stories
By , The Wall Street Journal, 09/22/2008
MarketMinder's View: Banning short sellers from markets is not the solution.
Market Misperceptions
By , The New York Times, 09/22/2008
MarketMinder's View: America isn’t declining; rather, the rest of the world is also growing.
Sensible Stories
By , The Washington Post, 09/22/2008
MarketMinder's View: America has survived greater crises than this one and has invariably emerged the stronger for it.
Sensible Stories
By , Forbes, 09/19/2008
MarketMinder's View: Wall Street alone does not a country’s economy make. Here are examples of positive signs in the “rest of the economy.”
Market Misperceptions
By , The Wall Street Journal, 09/19/2008
MarketMinder's View: We believe it’s rarely a good idea to change the rules in the middle of the game—often, severe consequences ensue.
Sensible Stories
By , The Times, 09/19/2008
MarketMinder's View: “The need is not for more regulation but for more relevant regulation.” We couldn’t have said it better.
Sensible Stories
By , The Telegraph, 09/19/2008
MarketMinder's View: For long-term investors, buying when others are fearful is historically an effective way to purchase good assets on the cheap.
Market Misperceptions
By , Investor’s Business Daily, 09/19/2008
MarketMinder's View: When dealing with something as complex as global markets, policies need to be consistent and transparent—otherwise, uncertainty is created along with possible unintended consequences.
Sensible Stories
By , Time, 09/19/2008
MarketMinder's View: It’s tempting to find a scapegoat in difficult times. But there’s little to no evidence supporting the theory short sellers are responsible for the recent market turmoil. See today’s cover story, “A Shot in the Dark,” for more.
Market Misperceptions
By , Times Online, 09/19/2008
MarketMinder's View:
This just days after retail sales had surprised with positive growth. Go figure!
Sensible Stories
By , Real Clear Markets, 09/19/2008
MarketMinder's View: Some perspective on today’s turmoil is useful for the road ahead.
Market Misperceptions
By , The LA Times, 09/19/2008
MarketMinder's View: At 25% of the global economy (and steady GDP growth so far this year), it’s highly unlikely the US will fall into Third World status.
Market Misperceptions
By , Associated Press, 09/19/2008
MarketMinder's View: The short-selling witch hunt intensifies. Blaming short sellers for market woes is not the solution.
Market Misperceptions
By , CNNMoney, 09/18/2008
MarketMinder's View: Pay no attention to so-called “leading indicators.”  Historically, monthly economic data are not predictive for stocks, nor do they accurately predict GDP—as evidenced by positive US GDP growth in the past two quarters.
Market Misperceptions
By , The Wall Street Journal, 09/18/2008
MarketMinder's View:
Whilst some sectors are experiencing a credit crunch, overall lending is still very healthy.
Sensible Stories
By , CNNMoney, 09/18/2008
MarketMinder's View: What are bailouts costing the taxpayer? Impossible to know, but it’s likely to be far less than worst-case scenario numbers currently bandied about.
Market Misperceptions
By , Time, 09/18/2008
MarketMinder's View: Hollywood and films are not economic indicators, regardless of what some say.
Market Misperceptions
By , The Telegraph, 09/18/2008
MarketMinder's View:
When large organisations fail it might be tempting to predict Armageddon, but it’s wholly inaccurate to do so.
Sensible Stories
By , The Telegraph, 09/18/2008
MarketMinder's View: We love dullness!
Sensible Stories
By , Bloomberg, 09/18/2008
MarketMinder's View: Blaming short sellers for this financial mess and increasing restrictions on short selling is not the solution.
Market Misperceptions
By , The New York Times, 09/18/2008
MarketMinder's View: If this isn’t evidence of extreme pessimism and overly dour sentiment, then we don’t know what is.
Market Misperceptions
By , The New York Times, 09/18/2008
MarketMinder's View:
While we agree government intervention isn’t always a palatable solution, it’s too early to tell what the ramifications of AIG’s bailout truly will be (and a bit ridiculous to say free market capitalism is finished). Please see today’s cover story, “Concerning AIG,” for more.
Sensible Stories
By , The Wall Street Journal, 09/18/2008
MarketMinder's View: An excellent analysis of regulation’s sometimes unintended, negative consequences.
Market Misperceptions
By , Forbes, 09/18/2008
MarketMinder's View:
Remember a recession is not about how folks are feeling. The fact is, US and global GDP growth have been positive through all of 2008.
Sensible Stories
By , The Press Association, 09/18/2008
MarketMinder's View: Why are we not surprised that good news merits little more than a paragraph?
Sensible Stories
By , The Wall Street Journal, 09/18/2008
MarketMinder's View: Jumps in ratings when negative news abounds is one reason why bad news is given front page status while good news is ignored or buried.
Market Misperceptions
By , Bloomberg, 09/17/2008
MarketMinder's View: Short selling isn’t a conspiracy, but a legitimate investing tool. Handcuffing short selling—or any form of investment—handicaps markets’ inherent depth and broadness.
Sensible Stories
By , MSNBC, 09/17/2008
MarketMinder's View: A balanced view of today’s financial and economic situation.
Sensible Stories
By , The Wall Street Journal, 09/17/2008
MarketMinder's View: See our cover story, “Weekend at Lehman’s” (9/15/2008), for a detailed analysis on the Lehman situation.
Sensible Stories
By , Money Magazine, 09/17/2008
MarketMinder's View: “While you might wish that stocks never suffered any losses, without the risk of major setbacks, equities wouldn't provide you with those higher potential returns.” We wouldn’t agree with everything in this piece, but we heartily concur risk and reward are always attached at the hip when it comes to investing.
Market Misperceptions
By , Times Online, 09/17/2008
MarketMinder's View: We agree markets mitigate risks and more markets would be better, but it’s near completely absurd to pinpoint public ownership as the cause of current financial problems.
Sensible Stories
By , The Wall Street Journal, 09/17/2008
MarketMinder's View: In-depth coverage of AIG’s credit problems and the ensuing government intervention.
Sensible Stories
By , Bloomberg, 09/17/2008
MarketMinder's View: A little historical perspective is always welcome.
Market Misperceptions
By , Los Angeles Times, 09/17/2008
MarketMinder's View: It’s too soon to pass judgment on recent government interventions. We won’t understand the true success or failure of recent buyouts and bailouts until after the dust has settled.
Market Misperceptions
By , The New York Times, 09/17/2008
MarketMinder's View:
Isn’t failure to some extent a tax in itself for the individuals involved?
Sensible Stories
By , Bloomberg, 09/17/2008
MarketMinder's View: Don’t let the title fool you—this is a cogent view of the Fed’s recent moves and future options.
Market Misperceptions
By , Times Online, 09/16/2008
MarketMinder's View:
Remember the four most dangerous words of investing – ‘It’s different this time.’
Sensible Stories
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: We urge vigilance of important market developments, and here’s a good run-down of AIG's troubles. But note, history tells us we might see more failures before things look up.
Market Misperceptions
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: It might still be a bit early to forecast what the financial landscape will look like after the dust settles—today’s investment banking giants may yet be replaced by tomorrow’s upstarts.
Market Misperceptions
By , MailOnline, 09/16/2008
MarketMinder's View:
We’ll add this one to our long list of wonky economic indicators—see our cover story “Passive Manipulation” (5/19/2008), for more.
Sensible Stories
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: In all industries businesses fail when conditions are tough, it’s no different for financial services firms. It doesn’t mean financial services are doomed forever though.
Sensible Stories
By , Investor’s Business Daily, 09/16/2008
MarketMinder's View: We’ve been through worse and usually emerged better.
Market Misperceptions
By , CNNMoney, 09/16/2008
MarketMinder's View: The prices underlying CPI are as fickle as the number itself. Disregard short-term fluctuations in favor of future market expectations, like those offered by still-benign long-term interest rates. 
Sensible Stories
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: “If the financial world really were coming to an end, nobody would know it—least of all the pundits who are currently crying doom.”
Sensible Stories
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: Experienced central banks are key to maintaining stability in today’s global markets.
Sensible Stories
By , The Wall Street Journal, 09/16/2008
MarketMinder's View: Recognizing the limitations of our brain's is amongst the first steps to better investing.
Market Misperceptions
By , CNBC, 09/16/2008
MarketMinder's View:
We’re wary of any forecast claiming such accuracy—especially one with rationale based on volatile commodity prices.
Sensible Stories
By , The Wall Street Journal, 09/15/2008
MarketMinder's View: Another study supporting the theory that supply and demand drive the price of oil, not speculators.
Market Misperceptions
By , Bloomberg, 09/15/2008
MarketMinder's View:
Blaming oil’s price decline on the demise of Lehman is rather farfetched: No historical data exists showing a correlation between the success and failure of a financial firm and oil demand.
Market Misperceptions
By , Times Online, 09/15/2008
MarketMinder's View:
Even if Chinese growth does slow, 8 or 9% is still very healthy.
Sensible Stories
By , 09/15/2008
MarketMinder's View: New data show lowering taxes benefits nearly everyone, poor and rich alike, while raising taxes has the opposite effect.
Market Misperceptions
By , The Wall Street Journal, 09/15/2008
MarketMinder's View: First, August industrial output was revised to show a 0.1% climb. Now, it shows a decline. Monthly numbers are not predictive for stocks and are frequently revised—as last month’s example shows.
Sensible Stories
By , Bloomberg, 09/15/2008
MarketMinder's View: The fact is developing nations are growing at a healthy clip in aggregate today, and developing nation companies are increasing profitability.
Sensible Stories
By , Times Online, 09/15/2008
MarketMinder's View: The finance sector is certainly embattled but financials don’t make up the majority of the world. Elsewhere, the economy is doing fine.
Sensible Stories
By , The Wall Street Journal, 09/15/2008
MarketMinder's View: “The people who stay at the table and don’t make stupid moves here are going to be the ones who make the money in the years ahead.” In other words, now is not the time to get scared out of stocks.
Market Misperceptions
By , Forbes, 09/15/2008
MarketMinder's View: The fact is US Financials began recapitalizing much faster than their Japanese counterparts a decade earlier.
Sensible Stories
By , Newsweek, 09/15/2008
MarketMinder's View: How free markets work, explained using pencils.
Market Misperceptions
By , The Wall Street Journal, 09/12/2008
MarketMinder's View: Monthly numbers are highly erratic, are not predictive for stocks, and are frequently revised. Short-term numbers are no indication of long-term performance.
Sensible Stories
By , CNNMoney, 09/12/2008
MarketMinder's View: Lehman’s options aren’t out, despite the worries. In the long run, the purchasing firm could benefit.
Market Misperceptions
By , Fortune, 09/12/2008
MarketMinder's View: Currency movements have no long-term correlation with stock movements. 
Sensible Stories
By , Carpe Diem, 09/12/2008
MarketMinder's View: “Despite the troubles in the banking industry, we're still a long way from anything close [to] a real banking crisis like the S&L crisis.” Agreed.
Market Misperceptions
By , Times Online, 09/12/2008
MarketMinder's View:
Three days ago the bailout was going to bring about the end of the financial turmoil and now this!
Sensible Stories
By , Investor’s Business Daily, 09/12/2008
MarketMinder's View: We said all along that speculators were wrongly blamed for high oil prices.
Sensible Stories
By , The Wall Street Journal, 09/12/2008
MarketMinder's View: The reforms suggested have had a positive impact elsewhere in the world so there is no reason they couldn’t have the same effect in Japan.
Sensible Stories
By , The Wall Street Journal, 09/12/2008
MarketMinder's View: While we see the federal takeover of Fannie and Freddie as necessary to avoid a systemic collapse, this highlights the pitfalls of government involvement.
Market Misperceptions
By , The Times, 09/12/2008
MarketMinder's View:
While we heartily agree the Fannie/Freddie takeover will have some negative unintended consequences, it’s too much to say this marks the end of capitalism as we know it.
Sensible Stories
By , The Wall Street Journal, 09/12/2008
MarketMinder's View: A great look at why studies are rather unreliable when looking at numbers.
Sensible Stories
By , CNNMoney, 09/11/2008
MarketMinder's View: While we don’t necessarily agree Financials are primed for a quick comeback relative to the broader market, we agree today’s sentiment is far too pessimistic.
Sensible Stories
By , The Wall Street Journal, 09/11/2008
MarketMinder's View: We also favor a smaller government. But it’s worth noting stock investors needn’t worry much about budget deficits: Historically, peaks in the deficit precede good times for equity markets.
Sensible Stories
By , The Wall Street Journal, 09/11/2008
MarketMinder's View: “The IFC notes that countries with liberalized business regulations frequently grow faster than their peers and are more resilient when tough times hit.” – Great, now lets see even more reform!
Market Misperceptions
By , The Wall Street Journal, 09/11/2008
MarketMinder's View: Historically, trade deficits are not predictive of stocks nor correlated with stock market movements.
Market Misperceptions
By , The New York Times, 09/11/2008
MarketMinder's View: One of the most common investor mistakes is going to cash at the bottom of a downturn, locking in losses, and missing the inevitable bounce back. If you’ve got a long time horizon, stick to stocks now!
Sensible Stories
By , Fortune , 09/11/2008
MarketMinder's View: The laws of supply and demand drive the price of oil far more than speculation. Ultimately, prices are determined by those who take physical delivery of the good from suppliers, not those who place speculative bets in between.
Market Misperceptions
By , Slate, 09/11/2008
MarketMinder's View:
The notion the US—making up roughly 25% of world GDP—will drag down the world is probably misguided. It’s more likely the the other 75% will pull the US along, not vice versa.
Market Misperceptions
By , Investor’s Business Daily, 09/11/2008
MarketMinder's View: Yes, there is risk associated with bailouts and moral hazard is a concern, but in our view the Fannie/Freddie takeover should add stability to the US mortgage market. Please see our 9/9/2008 cover story, “Fate Accompli,” for more.
Market Misperceptions
By , Times Online, 09/11/2008
MarketMinder's View:
We’re not sure we should be relying on the EC for economic forecasting.
Sensible Stories
By , Financial Times, 09/10/2008
MarketMinder's View: National governments have less room for error in today’s global and mobile world. Citizens, companies, and even industries can relocate from one country to another.
Sensible Stories
By , The Financial Times, 09/10/2008
MarketMinder's View: Economic growth is not being constrained by the availability of resources on this planet.
Sensible Stories
By , The Wall Street Journal, 09/10/2008
MarketMinder's View: Developing countries are learning that creating benign tax environments attracts investments.
Sensible Stories
By , SmartMoney, 09/10/2008
MarketMinder's View: “The purpose of our federal tax system should be to raise revenue in a reasonably predictable, efficient, and fair manner. The current system doesn't do any of these things—mainly because it's too complicated to work right.” A convoluted tax system does no one favors. See our cover story, “Some Taxing Facts,” (4/16/2008) for more.
Sensible Stories
By , National Review Online, 09/10/2008
MarketMinder's View: The failings of government intervention in free markets come down to a simple fact: “The government is simply no good at picking winners and losers in the energy market (or any market, for that matter).”
Sensible Stories
By , The Wall Street Journal, 09/10/2008
MarketMinder's View: A fine example of the unintended consequences of government intervention.
Sensible Stories
By , Asia Times Online, 09/10/2008
MarketMinder's View: “If Congress wants to materially reduce the potential for price manipulation in the oil markets, or address consumer price pain, it would do better to focus on the integrity and reliability of oil data, supply side policies, international standardization, inflammatory geopolitics, tariffs and subsidies - and fiscal responsibility generally - than on ‘banning speculation.’” Well said!
Market Misperceptions
By , The Telegraph, 09/10/2008
MarketMinder's View:
Recent movements in the price of gold won’t tell you much about where it’s going next.
Market Misperceptions
By , Bloomberg, 09/10/2008
MarketMinder's View: It is wrong to single out speculation—a natural part of all markets—as cause of recent price volatility. Ultimately, those who take delivery and use the commodities determine prices.
Market Misperceptions
By , Bloomberg, 09/10/2008
MarketMinder's View:
Surveys are not necessarily predictive of the future. Heck, surveys have been predicting a consumer spending stall every month for years!
Market Misperceptions
By , CNBC, 09/10/2008
MarketMinder's View:
A nine-month old recession? That’s news to us. The US economy has been growing steadily for the last nine months—posting a healthy 3.3% GDP gain last quarter.
Sensible Stories
By , The Washington Times, 09/10/2008
MarketMinder's View: Headlines may decry the US trade deficit, but it simply isn’t worth your worry. The US has carried a trade deficit for decades without disaster.
Market Misperceptions
By , Barron’s, 09/10/2008
MarketMinder's View: Large Wall Street financial firms may be struggling, but the important question is whether those ills will sink the broader economy. So far the answer has been a resounding no.
Market Misperceptions
By , Barrons, 09/09/2008
MarketMinder's View: Right or wrong, the Fannie and Freddie bailout isn’t very big in context ($200 billion at most), and it could help calm an important capital markets segment. See today’s cover story, “Fate Accompli,” for more.
 
Sensible Stories
By , Real Clear Markets, 09/09/2008
MarketMinder's View: The world economy is not some sort of zero-sum game—a growing China means good things for all of us, and vice versa.
Market Misperceptions
By , CNNMoney, 09/09/2008
MarketMinder's View: Scary as this seems, 3% of GDP isn’t unheard of for deficits. And history shows high deficits can result in good stock returns. The last time it happened was 2003—a great time to be in stocks.
Market Misperceptions
By , Bloomberg, 09/09/2008
MarketMinder's View: We agree GDP has its flaws, but then again so must GDI. And just because we “feel” it’s a recession (via consumer confidence surveys) doesn’t mean we should favor one flawed economic indicator supporting our “feeling” over another refuting it.
Market Misperceptions
By , MarketWatch, 09/09/2008
MarketMinder's View:
The fact more stocks did not rise in value over one day is not bearish.
Market Misperceptions
By , USA Today, 09/09/2008
MarketMinder's View:
Unemployment isn’t as bad as many believe—it’s just a bit above its long-term average, including a couple decades of historically low unemployment. Further, it shouldn’t surprise anyone that California is having trouble paying its bills.
Sensible Stories
By , Time, 09/09/2008
MarketMinder's View: We agree that so far government reaction to these difficult times has been mostly measured and appropriate.
Market Misperceptions
By , The New York Times, 09/08/2008
MarketMinder's View:
P/E ratios don’t tell us anything meaningful about the stock market’s direction. Just take a look at the last twenty years.
Market Misperceptions
By , Bloomberg, 09/08/2008
MarketMinder's View:
Yes, some companies take on more debt than they should. But on balance, corporations use leverage wisely and prosper because of it.
Market Misperceptions
By , The Wall Street Journal, 09/08/2008
MarketMinder's View: Maybe the pound will continue to fall, maybe it won’t. Nobody knows for sure. Regardless, currency movement doesn’t affect stocks.
Sensible Stories
By , Bloomberg, 09/08/2008
MarketMinder's View: The economy continues to fare better than many believe—but don’t just take our word for it. Check this out.
Sensible Stories
By , The Economist, 09/08/2008
MarketMinder's View: Free markets provide the arena for innovators to compete and ultimately achieve great things. Monetary rewards provide the incentive.
Market Misperceptions
By , MSN Money, 09/08/2008
MarketMinder's View:
People can always find a reason to be bearish, no matter how much good news you throw at them.
Market Misperceptions
By , Reuters, 09/08/2008
MarketMinder's View: An OPEC meeting that accomplishes little to nothing isn’t new. Ignore.
Sensible Stories
By , The Wall Street Journal, 09/08/2008
MarketMinder's View: “The only reason we should bail out any private company is the risk that its demise would wreak havoc on the entire economy.” We agree. The US auto industry is bloated, inefficient, and in need of massive restructuring.
Market Misperceptions
By , The New York Sun, 09/08/2008
MarketMinder's View: We understand the free market argument here. But with all its whining, the article ignores the fact that Fannie and Freddie were government sanctioned entities to begin with. The magnitude of the bailout isn’t very big and, in our view, doesn’t present the moral hazard many believe.
Sensible Stories
By , The Wall Street Journal, 09/08/2008
MarketMinder's View: The move was expected, but the timing was uncertain. Regardless, the takeover will go a long way towards soothing concerns in many areas of the housing market.
Sensible Stories
By , Times Online, 09/08/2008
MarketMinder's View: Whether you agree with government intervention or not, there is further evidence today that markets do not like uncertainty.
Sensible Stories
By , The Wall Street Journal , 09/05/2008
MarketMinder's View: With companies flush with cash—and credit more widely available to big corporations with high ratings than generally believed—expect high M&A to continue.
Market Misperceptions
By , Bloomberg, 09/05/2008
MarketMinder's View: Foreclosures have reached new highs, but they are still only 1.2%. Said differently: Years now into the housing downturn, 98.8% of mortgages aren’t foreclosing.
Market Misperceptions
By , Bloomberg, 09/05/2008
MarketMinder's View: Well, it might. Then it might go back up. Then it might go sideways for awhile. Reporting what might happen isn’t instructive. For more, see our 9/4/08 cover story, “It Could Happen to You.”
Market Misperceptions
By , Bloomberg, 09/05/2008
MarketMinder's View: This feels scary, but note the current rate is only slightly above the historical average, and importantly, employment figures have never been a reliable leading indicator for stocks or the economy.
Market Misperceptions
By , Times Online, 09/05/2008
MarketMinder's View:
We wish the UN would focus more on what they do well—if only we could figure out what that is.
Market Misperceptions
By , The Wall Street Journal, 09/05/2008
MarketMinder's View:
The Doha round has dragged on for seven years, it makes sense to seek more feasible alternatives to reducing trade barriers.
Sensible Stories
By , Forbes, 09/05/2008
MarketMinder's View: When it comes to legislation, less is more. Thankfully, gridlock in the US Congress seems set to continue—along with the drought of new legislation.
Market Misperceptions
By , Bloomberg, 09/05/2008
MarketMinder's View: Holy anecdotal evidence, Batman! Ignore stories like this—they may grab your attention, but aren’t predictive of much. For more, see our 7/31/08 cover story “Long Train Runnin’.”
Sensible Stories
By , Motley Fool , 09/05/2008
MarketMinder's View: Trying to time short-term market moves is counterproductive for a number of reasons. You can add tax implications to the list.
Sensible Stories
By , Financial Times, 09/05/2008
MarketMinder's View: “First, there has been no sharp jump in interest rates, unlike in the run-up to the previous recessions; second, the link between the housing market and consumer spending is overstated; and, third, the declines in reported consumer (and producer) sentiment do not tell one much about likely behavior.” We agree—things aren’t great, but the sky isn’t falling.
Sensible Stories
By , The New York Times, 09/05/2008
MarketMinder's View: As the world becomes more open it will become easier for companies to move to more benign tax regimes. Ultimately we hope this creates downward pressure on tax levels.
Market Misperceptions
By , CNNMoney, 09/05/2008
MarketMinder's View: Artificial wage controls, like all free-market meddling, have unintended, negative consequences.
Sensible Stories
By , The Wall Street Journal, 09/04/2008
MarketMinder's View: We’re wary of the wage-price spiral inflation argument, but the fact remains higher productivity is a net positive for the US economy.
Market Misperceptions
By , The New York Times, 09/04/2008
MarketMinder's View:
Hold on, everyone was bearish about the 2nd Quarter too, we know what happenend there.
Market Misperceptions
By , The Times, 09/04/2008
MarketMinder's View: Weekly numbers are highly volatile and certainly not worthy of drawing snap conclusions. The longer-term average of initial unemployment claims remains benign and well within historical averages.
Sensible Stories
By , The Wall Street Journal, 09/04/2008
MarketMinder's View: It’s always important to keep an eye on the world’s central banks. So far, their actions seem, in our view, largely appropriate.
Sensible Stories
By , The Wall Street Journal, 09/04/2008
MarketMinder's View: While monthly manufacturing data isn’t predictive for stocks, it’s a good sign it’s been consistently growing, and an indication the US economy is healthier than many believe.
Market Misperceptions
By , Slate, 09/04/2008
MarketMinder's View: Vigilance is key, but we aren’t panicking—long-term treasury yields, a much better gauge of inflation expectations than surveys, remain benign.

 

Sensible Stories
By , Briefing.com, 09/04/2008
MarketMinder's View: A solid rundown of still-strong economic fundamentals. While we disagree with the view on seasonality (at least, as it pertains to stock returns), we wholeheartedly agree a recovery lies ahead.
Sensible Stories
By , Times Online, 09/04/2008
MarketMinder's View: It’s no surprise that governments often make the wrong choices but it’s heartening to know the economy is more resilient and flexible than the OECD would have you believe.
Sensible Stories
By , The Times, 09/04/2008
MarketMinder's View: “There is no evidence that City gurus are able to predict the stock market, and some widely used techniques—such as extrapolating from past price changes—are no more scientific than alchemy.” Exactly—no one has a crystal ball.
Sensible Stories
By , Financial Times, 09/04/2008
MarketMinder's View: Wouldn't it be nice to live in a world with less barriers to trade?
Sensible Stories
By , The Times, 09/04/2008
MarketMinder's View: Investing according to what folks say could or might happen often leads to downfall. See today’s cover story, “It Could Happen to You,” for more.
Market Misperceptions
By , Fortune, 09/04/2008
MarketMinder's View:
Fears of a recession-led slowdown in demand for oil are unfounded. Most developing countries—the largest contributors to oil demand growth—are still growing robustly.
Market Misperceptions
By , The Motley Fool, 09/04/2008
MarketMinder's View: Lay off of Diddy! And don’t scapegoat imports for the “credit crunch.” Fact is increased international trade is good for all parties—protectionist sentiment is what’s dangerous.
Market Misperceptions
By , Asia Times, 09/04/2008
MarketMinder's View:
Accusing the masses of being too optimistic today is, in our opinion, amazingly over pessimistic. Ignore these predictions categorically.
Market Misperceptions
By , Associated Press, 09/03/2008
MarketMinder's View:
First rising oil is the problem, then falling oil is the problem—which is it? Truth is, investors shouldn’t fear oil price movements—there is no historical correlation between oil and stock prices.
Sensible Stories
By , The Wall Street Journal, 09/03/2008
MarketMinder's View: We’re not sure if there’s a linear relationship between Russian government action and its market returns, but government interference in business certainly causes investor uncertainty.
Sensible Stories
By , International Herald Tribune, 09/03/2008
MarketMinder's View: Japan’s next prime minister could portend meaningful changes in Japan—or not. Either way, the political turnover is worth paying attention to. See today’s cover story, “The Silliest Season,” for more.
Market Misperceptions
By , Reuters, 09/03/2008
MarketMinder's View: Forecasters are always hedging their bets—nothing new here. Forecasts by nature are guesstimates at best and don’t necessarily translate to reality.
Market Misperceptions
By , Reuters, 09/03/2008
MarketMinder's View: Japan didn’t become the second-largest economy by being isolationist—global trade is ultimately a positive for all economies.
Market Misperceptions
By , The Wall Street Journal, 09/03/2008
MarketMinder's View: As noted, Chinese holdings of Fannie and Freddie debt are just a “small fraction of the trillions of dollars outstanding.” Plus, Chinese banks are unlikely to let their cash-rich coffers idle—these funds will likely be reinvested domestically and globally.
Sensible Stories
By , VoxEU, 09/03/2008
MarketMinder's View: It’s amazing how profit incentives boost productivity and encourage innovation.
Sensible Stories
By , The Wall Street Journal, 09/03/2008
MarketMinder's View: It’s always heartening when Governments’ introduce tax cuts. Might we suggest more countries should follow suit if they really want to encourage growth.
Market Misperceptions
By , The New Republic, 09/03/2008
MarketMinder's View:
Making comparisons of any sort between the 1930’s and today should only lead you to conclude that things are not that bad right now.
Sensible Stories
By , The Wall Street Journal, 09/03/2008
MarketMinder's View: Benchmarking is important when investing—and choosing a proper benchmark can be critical.
Sensible Stories
By , International Herald Tribune, 09/02/2008
MarketMinder's View: Connoisseurs are easily tricked—especially when they think they can’t possibly be wrong. Such cognitive biases commonly lead investors astray too.
Sensible Stories
By , National Post, 09/02/2008
MarketMinder's View: A lucid take on why we’ll never run out of oil.
Sensible Stories
By , CNNMoney, 09/02/2008
MarketMinder's View: Capital markets are functioning fine—here we find beleaguered Freddie Mac selling debt at yields just a bit more than risk-free government treasuries.
Market Misperceptions
By , The Wall Street Journal, 09/02/2008
MarketMinder's View: Despite insistent coverage of revision-prone monthly index and government data, these so-called indicators are of little forecasting use to long-term, global investors.
Sensible Stories
By , Reuters, 09/02/2008
MarketMinder's View: Political uncertainty in the world’s second-largest economy warrants investor attention.
Market Misperceptions
By , MSNBC, 09/02/2008
MarketMinder's View: This is preposterous. Consumer spending and disposable income have grown consistently over the last years with or without rebate checks.
Sensible Stories
By , The Wall Street Journal, 09/02/2008
MarketMinder's View: Free global capital markets allow investment capital to flow where it’s needed most and opportunities are perceived.
Market Misperceptions
By , The Times, 09/02/2008
MarketMinder's View: Seasonality is an ancient investing myth—there is no rational market theory based reason (especially in a massive, complex global economy like ours) why one month or set of months is better or worse than any another. Even if there was, it would be priced in quickly by investors and thus lose its efficacy.
Sensible Stories
By , 09/02/2008
MarketMinder's View: If completed this could be a sizeable global merger. Strategic M&A continues to restrain stock supply.
Market Misperceptions
By , The New York Times, 09/02/2008
MarketMinder's View:
Markets always demonstrate a degree of anxiety, this is nothing new—there is anxiety in both good and bad markets.
Sensible Stories
By , National Review, 09/02/2008
MarketMinder's View: Indeed they were—this is bullish!
Market Misperceptions
By , Bloomberg, 09/02/2008
MarketMinder's View: Are we sure it’s not 25.9 or 25.7? Beware basing investment decisions on arbitrary thresholds.
Sensible Stories
By , Times Online, 09/01/2008
MarketMinder's View: We’re glad that’s been cleared up then. Politicians are generally not adept at reporting what’s actually happening.
Market Misperceptions
By , The Telegraph, 09/01/2008
MarketMinder's View:
We haven’t even seen one quarter of contraction in the UK!
Market Misperceptions
By , The Wall Street Journal, 08/29/2008
MarketMinder's View:
Consumer spending continues to grow in line with expectations—and slow or not, growth is still growth.
Market Misperceptions
By , CNBC, 08/29/2008
MarketMinder's View:
We don’t much see why Trichet is doing a better job than Bernanke. It seems to us, on the whole, developed market central banking through the Financials turmoil has largely been well-coordinated and appropriate, as well as providing us with some innovative new facilities.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Great! We doubted the demise of Doha would prevent the continuation of bi-lateral trade deals.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Good thing the US hasn’t erected trade barriers to imported kickers. Free trade brings the best from around the world to our shores—in this case a boon to teams, fans, and of course, the Aussies. Someone tell Congress.
Market Misperceptions
By , Times Online, 08/29/2008
MarketMinder's View:
Even when the US economy surprises to the upside, some folks just can’t bring themselves to be even a little upbeat. See our commentary, “What Recession?” from yesterday for more.
Sensible Stories
By , Real Clear Markets, 08/29/2008
MarketMinder's View: A level-headed discussion of the inherent problems with most tax rebates.
Sensible Stories
By , Investor's Business Daily, 08/29/2008
MarketMinder's View: The economy isn’t gangbusters, but it clearly hasn’t gone bust either.
Market Misperceptions
By , The Wall Street Journal, 08/29/2008
MarketMinder's View:
A siren should sound for attempts to argue for recession by tinkering with its definition. Ignore.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Artificial price controls, like all free-market meddling, have unintended, negative consequences.
Market Misperceptions
By , CNNMoney.com, 08/29/2008
MarketMinder's View:
Gustav is collaborating with the stimulus package? Beware attempts to attribute daily fluctuation in oil prices. Oil prices are volatile and unpredictable, especially in the short run. For more, see our 8/21/08 cover story, “The Price is Right”.
Sensible Stories
By , Carpe Diem, 08/28/2008
MarketMinder's View: “Lost in all of the discussions and media reports about stagnating wages, income inequality, and the decline of the middle-class, we have this amazing statistical reality: In just a little more than one generation, real median income per household member has increased by a factor of almost 2/3!”
Sensible Stories
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: “Net neutrality” is far from neutral.
Market Misperceptions
By , CNBC.com, 08/28/2008
MarketMinder's View: More grow-cession claptrap. Ignore.
Dueling Headlines
By , The Guardian, 08/28/2008
MarketMinder's View: Looks like the Brits are confused over whether better-than-expected growth is good or bad.
Market Misperceptions
By , The Independent, 08/28/2008
MarketMinder's View:
We doubt it.
Market Misperceptions
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: Interesting development, but fears of a negative impact on US stocks are probably overwrought—the market tends to see through accounting changes, especially when given enough lead time to adjust appropriately.
Market Misperceptions
By , Asia Times, 08/28/2008
MarketMinder's View: There are too many apocalyptic predictions and too little space here to pick them apart. Ignore categorically.
Market Misperceptions
By , CNNMoney, 08/28/2008
MarketMinder's View: Hey, we’re sick of the ‘R’ word too—because we’re not in one! With US economic growth accelerating in 2008, it’s tough to argue things are truly dire today. Recession is not about how folks are feeling; it’s about actual economic results.
Sensible Stories
By , The International Herald Tribune, 08/28/2008
MarketMinder's View: As the article points out, this will only cause fuel shortages. When will Hugo learn these nationalizations are horrible long-term plans for Venezuela?
Market Misperceptions
By , The Times, 08/28/2008
MarketMinder's View: Deepening recession? Britain’s Q2 GDP was flat, not negative. This is an awfully dire prediction for a country yet to see a single quarter of GDP decline.
Market Misperceptions
By , via The International Herald Tribune, 08/28/2008
MarketMinder's View: Great news! But monthly data, from anywhere, doesn’t make the trend. And for that matter, employment data is backward-looking and isn’t helpful for predicting stock trends.
Sensible Stories
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: Here’s to a still-growing US economy!
Sensible Stories
By , The LA Times, 08/28/2008
MarketMinder's View: “The flip side of being free to succeed is being free to fail. When government intervenes, it tells businesses that they don't have to be smart, far-sighted and nimble, they just have to be large.” Well said!
Sensible Stories
By , CNNMoney, 08/27/2008
MarketMinder's View: Economists have been predicting an exports drop-off for some time now, but they’re consistently wrong. While we don’t put too much emphasis on monthly numbers, this does highlight economic fears are often overwrought.
Sensible Stories
By , The Wall Street Journal, 08/27/2008
MarketMinder's View: China still has some way to go yet but liberalization is of course welcome.
Market Misperceptions
By , The Telegraph, 08/27/2008
MarketMinder's View:
Doesn’t it speak to how far we’ve come when “doom” is described by sub-6% unemployment?
Sensible Stories
By , Bloomberg, 08/27/2008
MarketMinder's View: Despite all the worries, Fannie and Freddie posted the biggest profits on new investments since 1998. This is quite contrary to mortgage market doomsday fears.
Market Misperceptions
By , Bloomberg, 08/27/2008
MarketMinder's View:
Farming costs and revenues are up due to heightened demand. Simple economics.
Sensible Stories
By , Times Online, 08/27/2008
MarketMinder's View: What people forget is that the US only makes up 25% of world GDP—equal to the amount made up by the Emerging Markets. Don’t get too focused on any one country—think globally!
Sensible Stories
By , International Herald Tribune, 08/27/2008
MarketMinder's View: Government devotion to infrastructure development and maintenance has been pitiful at best. We look forward to what private investment can produce.
Market Misperceptions
By , Bloomberg, 08/27/2008
MarketMinder's View:
We don’t expect much from campaigning politicians. Any agenda put forth likely panders to voters and won’t amount to much once the White House and Congress are won.
Sensible Stories
By , Investor’s Business Daily, 08/27/2008
MarketMinder's View: “Time and again, politicians have looked to price controls as the perfect ‘solution’ to daunting economic challenges — and every time, they've proved rife with unintended consequences.” Exactly.
Sensible Stories
By , The Economist, 08/27/2008
MarketMinder's View: The opening of the Saudi Arabian stock market represents the continued evolution and dynamism of global capital markets.
Market Misperceptions
By , The New Republic, 08/27/2008
MarketMinder's View: Never assume technology is static. Perhaps, instead of aviation Armageddon, airlines will finally embrace innovation in the face of higher costs.
Sensible Stories
By , Times Online, 08/27/2008
MarketMinder's View: Windfall taxes are dumb because putting a ceiling on profits puts a ceiling on incentives for innovation.
Market Misperceptions
By , The Washington Post, 08/27/2008
MarketMinder's View: It should hardly be a surprise small banks focused on construction lending are struggling. But 8.1% of delinquencies on construction loans is a pretty small piece of all bank loans and not symptomatic of widespread failure. Also remember only a small percentage of delinquencies are likely to default.
Market Misperceptions
By , The Independent, 08/26/2008
MarketMinder's View:
Wait—inflation is double digit across the developed world? That’s news to us!
Sensible Stories
By , The New York Sun, 08/26/2008
MarketMinder's View: This law may or may not get to the Supreme Court—but hastening its demise would likely lead to a healthier, more competitive business environment.
Sensible Stories
By , The Wall Street Journal, 08/26/2008
MarketMinder's View: The Russian “threat” is far less than headlines would have us believe—a declining population and dependence on oil exports show it’s acting from a place of weakness, not power.
Market Misperceptions
By , The Telegraph, 08/26/2008
MarketMinder's View:
Why stop at Depression, how about economic Armageddon sending us back to the Ice Age? Seriously, the UK has experienced 64 quarters of continuous growth, one flat quarter does not warrant an outpouring of doomsday predictions.
Market Misperceptions
By , Times Online, 08/26/2008
MarketMinder's View:
Stay with us here, the IMF has now downgraded forecasts after upgrading their earlier downgrade. Get it? We don’t either. Better not to pay too much attention to these forecasts.  
Sensible Stories
By , Slate, 08/26/2008
MarketMinder's View: If economists can’t accurately forecast Olympic medals, what does that say about their ability to describe a huge and boundlessly unpredictable economy? No wonder they get it wrong so often.
Market Misperceptions
By , Bloomberg, 08/26/2008
MarketMinder's View:
Oil can react to any number of unpredictable threats—from the weather to geopolitical surprises. Broadcasting its every move is an exercise in futility. What matters is how energy companies will perform long term. See our 8/21/2008 cover story, “The Price Is Right,” for more.
Market Misperceptions
By , CNNMoney, 08/26/2008
MarketMinder's View: Strong, weak, blue, green, paper, coins—whatever form the dollar assumes, it doesn’t matter for global investors or stocks generally. Global exchange rates cancel each other and don’t correlate with stocks anyway.
Sensible Stories
By , Times Online, 08/26/2008
MarketMinder's View: “It is a gross exaggeration to compare the problems of today with the worst economic and financial crises of the past decades” – We couldn’t agree more.
Market Misperceptions
By , CNNMoney, 08/26/2008
MarketMinder's View:
More evidence consumer sentiment might say something about past or current conditions, but nothing about the future. See today’s cover story, “Survey Says,” for more.
Sensible Stories
By , Investor’s Business Daily, 08/26/2008
MarketMinder's View: Who’s to say what’s a “fair” level of profit? We think it best to leave well enough alone. Profit motive drives progress.
Market Misperceptions
By , The Wall Street Journal, 08/26/2008
MarketMinder's View: Let ‘em fail—creative destruction is one key to moving on and up.
Market Misperceptions
By , The Wall Street Journal, 08/25/2008
MarketMinder's View:
The laureates are missing the mark by a wide margin. Globalization has decidedly been a net benefit for the world.
Market Misperceptions
By , Investor’s Business Daily, 08/25/2008
MarketMinder's View:
Will they? Won’t they? Does it even matter? Russia’s economy and capital markets are relatively tiny. And while a foreign exodus would be bad for them, it wouldn’t create much of a global blip.
Sensible Stories
By , CNNMoney, 08/25/2008
MarketMinder's View: Headlines proclaim this is the worst economy since the Great Depression, but simultaneously many folks feel they’re better off now than at the end of 2001. This disconnect probably indicates things aren’t as bad as many believe.
Market Misperceptions
By , Reuters, 08/25/2008
MarketMinder's View:
That’s a pretty big stretch considering that housing is less than 5% of the US economy. Ignore. 
Market Misperceptions
By , RealClearMarkets, 08/25/2008
MarketMinder's View:
Focusing only on falling prices is as incorrect as focusing only on rising prices. With long-term rates remaining low globally, the market believes inflation is likely to remain benign. 
Sensible Stories
By , LA Weekly, 08/25/2008
MarketMinder's View: It’s easy to fall prey to myth, particularly when it comes in a flashy package. Don’t fall prey—just because a lot of people agree on something doesn’t mean it’s true.
Market Misperceptions
By , Telegraph, 08/25/2008
MarketMinder's View:
We appreciate the attempt to alleviate needless fear, but it’s wrong to presume a recession is already underway. Available data simply doesn’t support it.
Sensible Stories
By , US News & World Report, 08/25/2008
MarketMinder's View: We’re all for the death of corporate taxes!
Market Misperceptions
By , The Telegraph, 08/22/2008
MarketMinder's View: Regardless of whether the financial system is out of the woods, more regulation isn’t the answer.
Market Misperceptions
By , The Telegraph, 08/22/2008
MarketMinder's View:
Of course economists have predicted 12 out of the last two recessions.
Sensible Stories
By , The New York Sun, 08/22/2008
MarketMinder's View: Reduced protectionism and increased transparency in international trade is good for everyone.
Sensible Stories
By , The Economist, 08/22/2008
MarketMinder's View: An interesting look at the negative consequences of government intervention in markets.
Sensible Stories
By , Financial Times, 08/22/2008
MarketMinder's View: Don’t blame short-sellers for market volatility. They play a long demonized, but perfectly legitimate, role in free capital markets.
Market Misperceptions
By , The Wall Street Journal, 08/22/2008
MarketMinder's View:
The idea the government is intentionally manufacturing higher inflation because they believe it reduces overall debt is simply overwrought conspiracy theory.
Sensible Stories
By , Marginal Revolution, 08/22/2008
MarketMinder's View: Whaddya know? A new study finds free trade really does lead to faster GDP growth!
Sensible Stories
By , ClusterStock, 08/22/2008
MarketMinder's View: While prices of some goods and services are increasing, others—like big screen TVs—are way down, helping keep consumerism alive and well.
Sensible Stories
By , Café Hayek, 08/22/2008
MarketMinder's View: Free markets promote innovation—the seed of all great technological breakthroughs.
Market Misperceptions
By , Asia Times, 08/22/2008
MarketMinder's View:
More too-dour sentiment. Ignore.
Market Misperceptions
By , BBC News, 08/22/2008
MarketMinder's View: Not great news for Russia, but not a big deal for the world. After all, Russia is only about 2% of the global economy.
Sensible Stories
By , The Financial Times, 08/22/2008
MarketMinder's View: Government and regulators will always look around to blame someone else during times of turmoil, they rarely get it right though.
Market Misperceptions
By , The Independent, 08/22/2008
MarketMinder's View:
Is it really news that government economic data might not be the most reliable?
Market Misperceptions
By , Bloomberg, 08/21/2008
MarketMinder's View: If you’re looking for a safe haven from market volatility, we wouldn’t suggest putting vintage guitars and bras on the top of your list.
Sensible Stories
By , The Washington Times, 08/21/2008
MarketMinder's View: We think all taxes are bad but it would be nice to see America reduce its corporate tax levels.
Sensible Stories
By , Bloomberg, 08/21/2008
MarketMinder's View: Legislation nearly always has unintended, and negative, consequences.
Sensible Stories
By , CNNMoney, 08/21/2008
MarketMinder's View: The strength of the global economy remains underappreciated. For more, see our 7/31/2008 cover story, “Long Train Runnin’.”
Sensible Stories
By , Times Online, 08/21/2008
MarketMinder's View: Sentiment and current expectations probably don’t measure up against what is actually happening, the economy is stronger than many people believe.
Market Misperceptions
By , MarketWatch, 08/21/2008
MarketMinder's View: Markets efficiently discount widely known information. This story has been front page news all along. Ignore. 
Market Misperceptions
By , Bloomberg.com, 08/21/2008
MarketMinder's View: Oil prices are volatile and unpredictable in the short term. Ignore daily fluctuations. For more, see today’s cover story, “The Price Is Right”.
Market Misperceptions
By , Bloomberg, 08/21/2008
MarketMinder's View: Monthly indicators are widely variable and not predictive. Note that the economy continues to grow, not contract.
Market Misperceptions
By , The Washington Post, 08/21/2008
MarketMinder's View: The media isn’t exactly looking for the silver lining these days. Sure, the agri boom will come to an end some day, but for now it’s nice to know many parts of the economy are doing very well. As the man says, “I’ve been farming for 39 years and I haven’t seen a better year than this one.”
Market Misperceptions
By , Reuters, 08/21/2008
MarketMinder's View:
Markets tend to move a lot quicker than people expect them to.
Sensible Stories
By , The Wall Street Journal, 08/21/2008
MarketMinder's View: “As the 110th Congress continues its August recess, the big legislative news is that it has passed fewer laws than any Congress in the last two decades.” Good—when it comes to meddlesome legislation, less is more.
Sensible Stories
By , Seeking Alpha, 08/21/2008
MarketMinder's View: Inflation is worth keeping an eye on—but it always is. And the core figure has been hovering around only 2% for a decade now.
Sensible Stories
By , Real Clear Politics, 08/20/2008
MarketMinder's View: A simple lesson in why we trade.
Sensible Stories
By , Bloomberg, 08/20/2008
MarketMinder's View: While we don’t believe August (or any other month) is the “most critical month of the year,” it’s true seasonality in investing is a myth, grounded only in confirmation bias and illusions of validity.
Sensible Stories
By , TheStreet.com, 08/20/2008
MarketMinder's View: The number of strategic M&A deals continues to greatly outpace IPOs in the tech sector—and the shrinkage, rather than issuance, of public shares is positive for stock prices.
Market Misperceptions
By , The New York Times, 08/20/2008
MarketMinder's View:
Annualized GDP growth of 1.9% is hardly the stuff of nightmares.
Sensible Stories
By , The Wall Street Journal, 08/20/2008
MarketMinder's View: State politicians should keep in mind people can pretty easily move to where state and local tax environments are most benign.
Sensible Stories
By , National Review Online, 08/20/2008
MarketMinder's View: Free markets provide “the vast spectrum of knowledge required for dealing with many real world complications.”
Dueling Headlines
By , Newsweek, 08/20/2008
MarketMinder's View: Truth is, if historical trends continue, China’s growth will prove mutually beneficial to the global economy.
Sensible Stories
By , RealClearMarkets, 08/20/2008
MarketMinder's View: Be wary of sensationalistic headlines like “Corporations Pay No Taxes.” Often these stories make assumptions, obscure reality, and misconstrue statistics.
Market Misperceptions
By , Reuters, 08/20/2008
MarketMinder's View:
What is normality anyway? Markets and economies are constantly changing, adapting, and evolving.
Market Misperceptions
By , Financial Times, 08/20/2008
MarketMinder's View: Whether the dollar rises or falls shouldn’t cause concern; currencies are essentially just flavors of global money in a zero-sum game.
Market Misperceptions
By , Bloomberg, 08/20/2008
MarketMinder's View:
Ignore such useless, backward-looking statistics—they aren’t predictive of markets.
Market Misperceptions
By , CNNMoney.com, 08/20/2008
MarketMinder's View:
We’re not returning to the Dark Ages any time soon. Standard of living refers to the quality and quantity of goods and services available to people, and inarguably, both have increased over the years and are continuing to do so.
Market Misperceptions
By , The Financial Times, 08/20/2008
MarketMinder's View:
We won’t argue that we’d love to see more free trade—but we don’t much care whether that’s in the form of some large bureaucratic free trade deal (the likes of the failed Doha round) or bi-lateral trade agreements. Despite the claims that free trade is imperiled, free trade has risen dramatically over the past 5 years (even without some large scale free trade deal).
Market Misperceptions
By , CNBC, 08/19/2008
MarketMinder's View:
Maybe another large bank will collapse, maybe not. What’s even more important is allowing the system to shake out weakness and proceed stronger and healthier than before. We shouldn’t fear failure—see our 7/15/2008 cover story, “Don’t Fear Failure,” for more.
Sensible Stories
By , Briefing.com, 08/19/2008
MarketMinder's View: “The bottom line is that it is WRONG to say that there is a credit crunch. Nonfinancial companies have access to the credit they need to grow and manage their businesses.” Have to say we agree.
Sensible Stories
By , The Wall Street Journal, 08/19/2008
MarketMinder's View: Politicians will be politicians—and in an election year, bark matters more than bite. But a lack of actual legislation reduces uncertainty and can be a good thing for stocks.
Sensible Stories
By , Chicago Tribune, 08/19/2008
MarketMinder's View: No matter what pain or pleasure is currently foremost in memory, forward expectations are all that matter in investing.
Sensible Stories
By , SmartMoney, 08/19/2008
MarketMinder's View: The family vacation is alive and well! Perhaps things aren’t as dour as many believe.
Sensible Stories
By , The New York Post, 08/19/2008
MarketMinder's View: Taxation will always be a bad way to increase state revenues because it encourages migration of individuals and discourages productivity amongst those who stay.
Market Misperceptions
By , Telegraph, 08/19/2008
MarketMinder's View:
Though we deplore any movement against free markets, most countries continue to liberalize at an unprecedented pace. One small nation in the face of the world means little.
Market Misperceptions
By , Financial Times, 08/19/2008
MarketMinder's View:
We’d argue one is inextricably linked to the other.
Sensible Stories
By , The Wall Street Journal, 08/19/2008
MarketMinder's View: Sentiment has been so dour for a long time, so could it be that the “bad news” is at least better than expected.
Market Misperceptions
By , CNNMoney, 08/19/2008
MarketMinder's View:
For long term investors, we’ve found gold to be a pretty poor choice. 
Market Misperceptions
By , CNNMoney, 08/19/2008
MarketMinder's View:
This number is higher than many would prefer. But remember wholesale prices don’t necessarily translate directly into final consumer prices, and one month’s data can be very misleading.
Market Misperceptions
By , Bloomberg, 08/18/2008
MarketMinder's View: Trade deficits are nothing to fear. They don’t in themselves necessarily hurt stocks or economies. See our cover story, “Don’t Demonize the Deficit” for more.
Market Misperceptions
By , Fox Business, 08/18/2008
MarketMinder's View: Consumer sentiment is a lagging or coincident indicator at best. Ignore.
Sensible Stories
By , The Wall Street Journal, 08/18/2008
MarketMinder's View: “Trade is also the ultimate source of economic information, which means that the more free the trade in an industry, the more efficient the industry will become as comparative strengths move around the world.” Makes sense to us.
Sensible Stories
By , Associated Press, 08/18/2008
MarketMinder's View: “The study found that reliance on government data to track the economy is leading to scattershot coverage that, at times, lags months behind actual economic conditions.” We’re not surprised.
Sensible Stories
By , Briefing.com, 08/18/2008
MarketMinder's View: Insightful commentary about the current state of economic affairs. Take time to read this article.
Market Misperceptions
By , Bloomberg, 08/18/2008
MarketMinder's View:
This is worth keeping an eye on. We shouldn’t fear failure in capital markets. But we should fear when a relative few attempt to harness free markets for the collective good. See our 07/15/2008 cover story, "Don't Fear Failure" for more.
Market Misperceptions
By , Telegraph, 08/18/2008
MarketMinder's View: Many feel the dollar’s recent strength is merely due to weakness in the rest of the world. Maybe, maybe not. But long-term investors needn’t worry about daily dollar gyrations.  See our 08/15/08 cover story, "The Dollar and You" for more.
Market Misperceptions
By , The Wall Street Journal, 08/18/2008
MarketMinder's View: Long government bond yields offer the market’s best indication for inflation expectations, not the price of a few commodities.
Sensible Stories
By , Washington Post, 08/18/2008
MarketMinder's View: It should come as no surprise that government intervention has caused more problems than it has solved.
Sensible Stories
By , Financial Times, 08/18/2008
MarketMinder's View: Lower corporate taxes and more free trade? We can get on board with that.
Market Misperceptions
By , Times Online, 08/18/2008
MarketMinder's View:
Recession and inflation fears have been largely responsible for negative sentiment for some time now. People could do worse than remind themselves that things are rarely as bad, or as good, as they seem at the time.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: High taxes stifle economic growth and have adverse effects on domestic and foreign investments. See our cover story, “California Dreamin’” for more.
Sensible Stories
By , Financial Times, 08/15/2008
MarketMinder's View: The Eurozone may have grown in size over the years, but not in global relevance. Perhaps outmoded processes and protectionist policies play a role.
Sensible Stories
By , Investor’s Business Daily, 08/15/2008
MarketMinder's View: Oil companies get a bad rap, but due to the high cost of production and taxes, the profit margins for oil companies is relatively low compared to other industries.
Sensible Stories
By , Barron’s, 08/15/2008
MarketMinder's View: We don’t put too much stock in gold as a reliable inflation indicator, but we agree long-term interest rates—in the US and globally—point to benign inflation expectations.
Sensible Stories
By , Times Online, 08/15/2008
MarketMinder's View: The US economy continues to demonstrate its resilience.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: Dour comparisons to the Great Depression are shockingly off the mark.
Market Misperceptions
By , The Wall Street Journal, 08/15/2008
MarketMinder's View:
The global economy continues to grow very healthily.
Market Misperceptions
By , CNNMoney.com, 08/15/2008
MarketMinder's View: These alarmist claims are myopic. Current inflation and unemployment rates remain near historic lows—check any textbook.
Market Misperceptions
By , Kiplinger.com, 08/15/2008
MarketMinder's View: The “misfortunes” outlined here aren’t as calamitous as portrayed (heck, we view some—like foreign investments—as economic positives). No nation is perfect, but we think we have it pretty good here.
Sensible Stories
By , The Weekly Standard, 08/15/2008
MarketMinder's View: A strong dollar has benefits and drawbacks—as does a weak dollar. Neither is inherently better. See today’s cover story, “The Dollar and You” for more.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: A great start! But we believe dropping tariffs everywhere would provide even greater positives.
Market Misperceptions
By , Bloomberg, 08/15/2008
MarketMinder's View:
Consumer sentiment—positive or negative—isn’t a reliable indicator for the economy or the markets. Plus, surveys and polls are notoriously fickle and subjective.
Sensible Stories
By , The Washington Times, 08/14/2008
MarketMinder's View: There’s plenty of oil underground, but chronic underinvestment (mostly because of wishy-washy politicians) hampers supply. Future supply—and, by extension, prices—hinges on future investment in production.
Sensible Stories
By , Vox EU, 08/14/2008
MarketMinder's View: A fair, factual look at sovereign wealth funds, which help speed the free flow of capital around the world.
Sensible Stories
By , The Beacon, 08/14/2008
MarketMinder's View: “If we were talking about bananas, everybody would see immediately the foolishness of seeking ‘banana independence.’ Nobody would fall for half-baked arguments about our addiction to foreign bananas or our love affair with banana bread…The argument with regard to oil, or anything else, is identical.”
Market Misperceptions
By , The New York Times, 08/14/2008
MarketMinder's View:
Forecast global growth of around 4% is not something to be fearful of.
Market Misperceptions
By , Bloomberg, 08/14/2008
MarketMinder's View: This just doesn’t make sense. A recovery in Cleveland in no way tells us home prices in the rest of the country will fall.
Market Misperceptions
By , CNNMoney.com, 08/14/2008
MarketMinder's View: CPI is not a trustworthy indicator. Long-term Treasury yields, a better gauge of inflation, remain benign.
Sensible Stories
By , Financial Times, 08/14/2008
MarketMinder's View: Increased foreign investment has spurred innovation and positive change in Europe—a great thing for the global economy.
Sensible Stories
By , Bloomberg, 08/14/2008
MarketMinder's View: Easing bureaucracy, increasing competition, and lowering taxes are usually good measures whatever the economic environment.
Sensible Stories
By , The Wall Street Journal, 08/14/2008
MarketMinder's View: “Even in light of oil’s drop, energy companies are still capable of booking solid profits in this economy.” Don’t fret falling prices.
Sensible Stories
By , The Wall Street Journal, 08/14/2008
MarketMinder's View: Economic reform which reduces government involvement should be encouraged wherever it takes place.
Market Misperceptions
By , The Telegraph, 08/14/2008
MarketMinder's View: Such rampant pessimism about the global economy is another example of too-dour sentiment plaguing investors today.
Sensible Stories
By , Financial Times, 08/14/2008
MarketMinder's View: It doesn’t matter whether it’s rice, cars or beef – protectionist tariffs only serve to promote inefficiency.
Market Misperceptions
By , BBC News, 08/14/2008
MarketMinder's View:
Currency moves—whether in the pound, dollar, euro, yen, or others—don’t mean much to a globally diversified stock portfolio.
Market Misperceptions
By , The Times, 08/14/2008
MarketMinder's View:
While the yen carry trade could unwind a bit, fears of a huge negative effect on stocks are probably overwrought at this point.
Market Misperceptions
By , The Wall Street Journal, 08/14/2008
MarketMinder's View:
So-called green taxes are just a form of price controls—which never work in the long run and cause substantial unintended consequences.
Sensible Stories
By , Financial Times, 08/13/2008
MarketMinder's View: Hooray! Increasing competition in any industry helps improve efficiency and benefits consumers.
Sensible Stories
By , The Guardian, 08/13/2008
MarketMinder's View: In times when scaremongering sells, it is worth remembering how good we still have it. Credit reallocation, fictitious recession and inflation under control, sound familiar? It should—we’ve been saying it all along!
Sensible Stories
By , Marketwatch.com, 08/13/2008
MarketMinder's View: The greatest challenge to overcome for all investors is how easily we are led by our emotions.
Market Misperceptions
By , Bloomberg, 08/13/2008