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Market Misperceptions
By , Seeking Alpha, 12/31/2010
MarketMinder's View: Indicators like the “December Low Indicator” and “First Five Days Early Warning System” aren’t reliable forecasters of stock prices. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , The Wall Street Journal, 12/31/2010
MarketMinder's View: China continued relaxing strict financial controls all year—an essential strategy for sustained economic growth in the longer term.
Market Misperceptions
By , International Business Times, 12/31/2010
MarketMinder's View:
Chinese growth may slow a bit on tighter economic policy, but 2011 GDP expanding 8.5%? Yes, please!  Also, China’s important but isn’t the only game in Emerging Markets. For more, see our 12/28/2010 cover story, “Indian Infrastructure.”
Market Misperceptions
By , The Motley Fool, 12/31/2010
MarketMinder's View:
Actually, US stocks have been a good buy for awhile now.
Sensible Stories
By , Financial Times, 12/31/2010
MarketMinder's View: A double-dip recession was one of a number of prominent concerns that failed to materialize this year—contributing to a volatile but surprisingly (to some) decent 2010.
Sensible Stories
By , The Australian, 12/31/2010
MarketMinder's View: “With corporations sitting flush with cash and the global economy on the mend, next year should be even more active.” Yep. See our 11/12/2010 cover story, “Making More Out of Less,” for more.
Market Misperceptions
By , Fortune, 12/31/2010
MarketMinder's View: There are always headwinds (and our eyes are eternally peeled for truly bearish ones). But as 2011 looms, it’d be more concerning if no one was worrying about them.
Market Misperceptions
By , The Australian, 12/31/2010
MarketMinder's View: This seems more about fun than facts. But in case you didn’t know: We wouldn’t stake a dime on astrology accurately forecasting the stock market or economy. 
Sensible Stories
By , The Wall Street Journal, 12/31/2010
MarketMinder's View: The global economic recovery continues to be particularly strong in Asia.
Market Misperceptions
By , The Telegraph, 12/30/2010
MarketMinder's View: Spreads across the eurozone have been increasing recently, but that’s likely a more accurate reflection of risk than what predominated in the early part of the decade. And while uncomfortable in the interim, the financial woes faced by peripheral countries in the eurozone seem unlikely to multiply and cause a larger crisis. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Sensible Stories
By , The Economist, 12/30/2010
MarketMinder's View: The housing market continues to recover despite recent distortions created by the tax credit. While unlikely to lead the way, housing’s improved health is nonetheless a positive sign that recovery continues across economic sectors.
Market Misperceptions
By , USA Today, 12/30/2010
MarketMinder's View: Yes, the period from 2001–2010 has been a volatile one for the markets—as have many other 10-year periods throughout history. But one could just as easily find many 10-year periods where stocks have done very well. Unless you only plan to invest for 10 years beginning the first year of a new decade, analyses like these are fairly meaningless and overblown.
Sensible Stories
By , The Wall Street Journal, 12/30/2010
MarketMinder's View: Economic data from Spain is improving, albeit slowly. Regardless, it’s a positive sign for continued economic recovery on the Continent.
Sensible Stories
By , The Telegraph, 12/30/2010
MarketMinder's View: While good regulation can help ensure customers and investors are protected, overly stringent requirements based on a faulty understanding of the events of 2008 seem more like an attempt to find a scapegoat rather than address the actual underlying causes—and are more likely to do more harm than good.
Market Misperceptions
By , The Independent, 12/30/2010
MarketMinder's View:
Such indicators as the “rule of 20” are overly simplistic and misleading in implying a direct cause-and-effect relationship between their movement and that of the market. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , Time, 12/30/2010
MarketMinder's View: China has inarguably become an important player in global political and economic discussions and decisions. But it’s important to keep in mind they still have a long way to go—nearly any way you slice it.
Market Misperceptions
By , The New York Times, 12/30/2010
MarketMinder's View:
This overly dour take ignores not only positive economic data in the US and globally but exaggerates the political troubles facing the eurozone. While there are certainly challenges ahead, the eurozone seems unlikely to break apart completely—at least in the near term. For more, see our 12/29/2010 column, “In Depth: The Eurozone in Perspective.”
Sensible Stories
By , The Wall Street Journal, 12/30/2010
MarketMinder's View: “An uptick in business lending is an optimistic sign for the economy and can help to make the recovery self-sustaining. Such loans likely will be used by businesses to expand their operations, which could lead to new jobs and eventually to increased borrowing and spending by hired workers.”
Sensible Stories
By , The Sydney Morning Herald, 12/29/2010
MarketMinder's View: Further proof US consumers were out in force this holiday season.
Market Misperceptions
By , The Telegraph , 12/29/2010
MarketMinder's View:
Indeed it’s possible the UK could shed jobs in 2011, but these figures are just an estimate by one organization, not a guarantee. And remember, growth creates jobs, not the reverse. Employment figures typically turn around long after stocks and the broader economy are in recovery.
Sensible Stories
By , Bloomberg, 12/29/2010
MarketMinder's View: It’s a lesson politicians seemingly refuse to learn—lowering taxes often increases tax revenue—and can provide an economic boost to boot.
Market Misperceptions
By , Financial Times, 12/29/2010
MarketMinder's View:
There will always be risks—that’s one of the few certainties when it comes to stock investing. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Sensible Stories
By , The Independent, 12/29/2010
MarketMinder's View: “Life isn't always great but it's a lot better than it used to be.” Few would likely describe the last few years as carefree. But sometimes a reminder of how lucky folks in the developed world are.
Sensible Stories
By , Bloomberg, 12/29/2010
MarketMinder's View: US and global stocks are firmly in positive territory for 2010. For more, see our 12/22/2010 cover story, “A Back-end Boost.”
Sensible Stories
By , BusinessWeek, 12/29/2010
MarketMinder's View: Another sign of freer trade between the US and China—good news for both nations.
Market Misperceptions
By , The New York Times, 12/29/2010
MarketMinder's View:
Public opinion polls and employment figures simply aren’t reliable indicators to measure economic recovery. 
Market Misperceptions
By , The Street, 12/29/2010
MarketMinder's View:
And? Arbitrary indicators say nothing about the future direction of commodities or stocks. For more, see our 03/18/2010 cover story, “Meaningless Markers.”
Market Misperceptions
By , MoneyWatch, 12/29/2010
MarketMinder's View:
We agree with the advice from Mr. Buffett to be greedy when others are fearful and vice versa—and sure, negative sentiment is starting to thaw, but investors are hardly in a state of irrational exuberance. For more on why good news is good for stocks, see our 12/24/2010 cover story, “The Many Gifts of Capitalism.”
Market Misperceptions
By , The Wall Street Journal , 12/29/2010
MarketMinder's View:
While sensationalized headlines about China cutting rare earth quotas sound ominous, it’s not as rare or harmful as pundits declare. For more, see today’s cover story, “Cutting the Cord.”
Market Misperceptions
By , The Associated Press, 12/28/2010
MarketMinder's View: There’s a lot to pick apart here. First, private businesses have added US jobs every month of 2010. Second, profit recoveries lead to hiring plans later (why would a company losing money spend more on staffing)? Third, outsourcing occurred even in 2007—when US unemployment was quite low. Fourth, booming overseas economies have helped pull the US from recession and provided more work for Americans. For more, see our 12/24/2010 cover story, “The Many Gifts of Capitalism.”
Sensible Stories
By , The Wall Street Journal, 12/28/2010
MarketMinder's View: It will be interesting to see how the tweaks to a wonky government report influence data moving forward. More importantly, know this change doesn’t fix the highly bizarre math used to generate unemployment statistics. For more, see our 12/06/2010 cover story, “A Lesson In Government Math.”
Market Misperceptions
By , The Street, 12/28/2010
MarketMinder's View: Though we’d stop short of calling a gold bubble today, this kind of talk is exactly what we’d expect to see in droves when an asset bubble is inflating. When someone conjures price drivers out of thin air and disregards discussion of potential downside, that’s your cue to ignore the idea that a bubble is “impossible.”
Market Misperceptions
By , MoneyWatch, 12/28/2010
MarketMinder's View: While we agree with the general comment that one shouldn’t base investment decisions on only a few headlines, in this case, there are far more than a few good headlines—we have over a year of economic growth, record corporate profits, and cheap stocks. In fact, those focusing on the negatives are concentrating on too few headlines. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , CNNMoney, 12/28/2010
MarketMinder's View: What folks say to a researcher regarding their feelings about the economy is just not a reliable forward-looking indicator of economic conditions. At best, it’s a look at the present or very recent past.
Sensible Stories
By , Bloomberg, 12/28/2010
MarketMinder's View: The holiday season was a rewarding one for US retailers. Consumers snapped up discretionary items like jewelry and clothing at a far faster pace than a year ago.
Sensible Stories
By , The New York Times, 12/28/2010
MarketMinder's View: “You can always make news with doomsday predictions, but you can usually make money betting against them.” Seems to work out that way quite a lot.
Sensible Stories
By , The New York Times, 12/28/2010
MarketMinder's View: In this piece, we disagree with the assertion that government is the “solution.” But the main point—that the US isn’t becoming Weimar Germany—is sound. For more, see our 09/23/2010 column, “On Wheelbarrows and Flogging.”
Market Misperceptions
By , The New York Times, 12/28/2010
MarketMinder's View:
It’s clearly a challenging environment for the unemployed. But to claim “we are witnessing the birth of a new class” is just another variation of “this time it’s different.” Where was this “new class” when we had higher unemployment in the early 1980s (or any other recession with elevated unemployment)? Also, unemployment isn’t slowing the economic recovery, the economic recovery is gradually slowing unemployment (as it normally does).
Market Misperceptions
By , The Telegraph, 12/27/2010
MarketMinder's View:
QE2 probably wasn’t necessary, but it shouldn’t do too much harm either. For more, see our 12/06/2010 column, “In Depth: Q&A on QE2.”
Market Misperceptions
By , Associated Press, 12/27/2010
MarketMinder's View: Sure, the East Coast spent one of the busier shopping days waiting out a Nor’easter. But one missed day of shopping after Christmas isn’t going to ruin a great year—2010 was the “highest-spending holiday season since 2007.”
Sensible Stories
By , The Associated Press, 12/27/2010
MarketMinder's View: “American shoppers came back in force for the holidays, right to the end. After two dreary years, Christmas 2010 will go down as the holiday Americans rediscovered how much they like to shop.”
Market Misperceptions
By , The Wall Street Journal , 12/27/2010
MarketMinder's View:
The simple fact is “hard” assets aren’t an investing safe haven or a guarantee against inflation. The price of silver may be nearing 30-year highs, but that says nothing about where silver will go next. Plus, the long-term returns of silver, or other precious metals, pale in comparison to equities.
Market Misperceptions
By , Daily Finance, 12/27/2010
MarketMinder's View:
Some of the indicators on this list are dubious at best (like sentiment indicators and oil prices). But individually or collectively, these eight signs likely won’t halt the recovery.
Sensible Stories
By , Chicago Sun-Times, 12/27/2010
MarketMinder's View: Here’s a refreshing take on prosperity: “We are told that there are too many ‘rich’ people. Instead, we should think that there are not enough rich people.”
Sensible Stories
By , Associated Press , 12/27/2010
MarketMinder's View: Not surprisingly, the tax bill (which we hope benefits businesses) has proponents and detractors. And their opinions are largely based on politics, not economics. For more, see our 12/20/2010 cover story, “Politically Taxing Our Ears.”
Sensible Stories
By , SME Times, 12/27/2010
MarketMinder's View: Manufacturing continues to be a global bright spot.
Sensible Stories
By , The Wall Street Journal , 12/27/2010
MarketMinder's View: Thus far, the Chinese leadership has been able to control prices while allowing growth. For more, see our 12/14/2010 cover story, “China’s Not Choking.”
Market Misperceptions
By , Los Angeles Times , 12/27/2010
MarketMinder's View:
Last time we checked, prevailing investor sentiment was pretty dour—and has been for quite a while. But that’s actually bullish for stocks. For more, see our 12/01/2010 cover story, “2010’s Wall of Worry.”
Market Misperceptions
By , The Christian Science Monitor, 12/23/2010
MarketMinder's View:
Let’s get this straight: France isn’t Spain, which isn’t Portugal, which, in turn, isn’t Ireland, which isn’t Greece. What makes them different? Country-by-country economic conditions aren’t the same. France has been toward the upper end of eurozone economic growth recently and is in vastly better shape than Ireland or Greece. For more, see our 11/22/2010 cover story, “All Things European.”
Sensible Stories
By , The Wall Street Journal, 12/23/2010
MarketMinder's View: While 2009 numbers are quite dated, this article makes an interesting point: If you’re looking for something the US leads in, try manufacturing productivity.
Market Misperceptions
By , MoneyWatch, 12/23/2010
MarketMinder's View:
The inventories argument simply doesn’t hold water. If inventory builds don’t count toward economic growth, then inventory depletion shouldn’t have counted against the economy during the recession. That would take the -6.8% annualized growth in Q4 2008 up to -4.0%, the -4.9% in Q1 2009 up to -1.1%, and the -0.7% growth in Q2 2009 up to +4.4%!
Sensible Stories
By , BusinessWeek, 12/23/2010
MarketMinder's View: M&A activity is bullish because it helps reduce the supply of stock available to investors, lifting prices. With balance sheets flush with cash, companies may use that capital on mergers next year—a positive for both the economy and the market.
Sensible Stories
By , The Motley Fool, 12/23/2010
MarketMinder's View: “As a shareholder, if your company can earn a double-digit return on investing your money, you shouldn’t want a dividend—especially since it’s so hard right now to find good returns on the dividend cash you receive.” We couldn’t have said it better ourselves.
Market Misperceptions
By , BusinessWeek, 12/23/2010
MarketMinder's View: This article seems to be a rather random assortment of some of the fears the market faced in 2010—from PIIGS concerns to the Icelandic volcano eruption in April. But this tells you nothing about the future direction of the economy or the market and ignores many positives.
Market Misperceptions
By , The Globe and Mail, 12/23/2010
MarketMinder's View: The conclusions drawn here are based on the assumption the US’s “elevated debt levels triggered the worse (sic) economic downturn since the Depression,” which is at best an overly simplistic evaluation of the recent recession. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.”
Market Misperceptions
By , Seeking Alpha, 12/23/2010
MarketMinder's View: There are always potential negatives (and items perceived as negatives), but that doesn’t mean you should ignore extant positives. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Sensible Stories
By , Bloomberg, 12/23/2010
MarketMinder's View: More positive economic data—and signs the economic expansion should continue into 2011.
Sensible Stories
By , MarketWatch, 12/23/2010
MarketMinder's View: While concerns regarding the potential for US hyperinflation resulting from QE2 have been widely publicized, inflation has remained subdued.
Sensible Stories
By , Chicago Sun-Times, 12/22/2010
MarketMinder's View: With US consumer spending up (one of the largest economic contributors), the economy is coming into the light even more.
Sensible Stories
By , The Wall Street Journal, 12/22/2010
MarketMinder's View: Austerity is tough medicine for a number of European countries, but it should ultimately result in more sound and efficient economies.
Sensible Stories
By , CNNMoney, 12/22/2010
MarketMinder's View: US and global economies continue to expand at faster paces than most expected just months ago.
Sensible Stories
By , Café Hayek, 12/22/2010
MarketMinder's View: “‘The manufacturing that results from home-grown innovation’ is manufacturing that relies heavily upon the intensive use of machines, chemical processes, and other non-human means of production. And one essential pre-requisite for much of this labor-saving innovation is global trade that expands the size of markets and, thus, increases the potential returns to innovation.” Yep, exactly.
Market Misperceptions
By , The New York Times, 12/22/2010
MarketMinder's View: It’s incredibly unsurprising the long-term unemployed folks surveyed here are pessimistic about the economy. That’s a very difficult personal situation, but it is far from a macroeconomic indicator of any value.
Sensible Stories
By , Bloomberg, 12/22/2010
MarketMinder's View: Central banks worldwide are taking steps to ensure the financial system remains on solid footing. In Europe, demand for ECB loans has diminished considerably since 2009.
Market Misperceptions
By , Barron’s, 12/22/2010
MarketMinder's View:
Earnings growth in 2010 has been exceptionally strong, but it can’t keep such a rapid pace forever. Earnings growth may decelerate in 2011, but should remain solidly in double digits.
Market Misperceptions
By , The Wall Street Journal, 12/22/2010
MarketMinder's View:
Another warning for one of the PIIGS. We’ve said time and again, credit ratings and their “warnings” matter little in the grand scheme of things. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , The Motley Fool, 12/22/2010
MarketMinder's View:
Dividends aren’t a bad thing to be sure, but there’s an enormous amount of mythology about what dividends do and do not indicate. For more, see our 08/06/2010 column, “Sometimes True.”
Sensible Stories
By , The Wall Street Journal, 12/21/2010
MarketMinder's View: Advancing life expectancies are leading investors to live longer lives on average. Instead of betting against strangers in bizarre insurance investments, investors should remember retirement is becoming a longer period of time—frequently necessitating growth-oriented investments to fund these later years.
Sensible Stories
By , The Wall Street Journal, 12/21/2010
MarketMinder's View: Holiday season retail sales continue to be strong—again showing US consumers are alive and well. For more, see our 11/30/2010 cover story, “Black Friday Not So Bleak.”
Market Misperceptions
By , Fox Business, 12/21/2010
MarketMinder's View:
Ratings agencies’ opinions are far from perfectly accurate, and investors should view their actions with healthy skepticism. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , The Associated Press, 12/21/2010
MarketMinder's View: Spain has seen strong investor demand at recent auctions, and Tuesday’s was no exception. In addition, the government deficit posted a sizeable year-over-year decline through November.
Sensible Stories
By , EUbusiness, 12/21/2010
MarketMinder's View: “The European Central Bank said Monday it had sharply reduced purchases of government debt last week, a signal that some calm might have returned to a crucial financial market.” Combined with recent successful Spanish and Portugese bond auctions, this speaks to a healthier eurozone than widely perceived.
Market Misperceptions
By , The New York Times, 12/21/2010
MarketMinder's View:
“Should the Rise in Temporary Workers Scare Us?” by Daniel Indiviglio highlights important reasons this story is off base. See today’s “Sensible Stories” for a link to the article.
Sensible Stories
By , The Atlantic, 12/21/2010
MarketMinder's View: While some opine currently rising temporary employment is a negative sign for employment, this isn’t an unusual trend.
Market Misperceptions
By , Bloomberg Businessweek, 12/21/2010
MarketMinder's View:
We wholeheartedly agree with the importance placed on distribution rates in this piece, but virtually all of the analysis regarding expected equity returns is a projection of what’s happened in the last 10 years into the future. Stocks have had poor rolling decades in the past, but they haven’t signaled a fundamental shift in the investing environment.
Market Misperceptions
By , International Business Times, 12/21/2010
MarketMinder's View:
Perhaps gold does reach $2,000/oz, but analyzing the future moves of the market using the “gold-to-oil ratio” is faulty logic—as is much of the rest of this piece.
Market Misperceptions
By , Fox Business, 12/20/2010
MarketMinder's View: “With the new tax cuts, rating agencies should downgrade US government debt to junk.” Seems more like a tantrum than rational economic analysis. Ignore.
Market Misperceptions
By , International Business Times, 12/20/2010
MarketMinder's View: Could Japan technically slip back into recession? Possibly. What does that mean for the global economy? Very little. Though developed markets have been faring better than most expected, Emerging Markets are today’s engines of global economic growth.
Sensible Stories
By , International Business Times, 12/20/2010
MarketMinder's View: Yet another positive (albeit small) step in increasing global trade, which benefits all. For more, see our 12/17/2010 cover story, “Creativity Counts.”
Sensible Stories
By , The Wall Street Journal, 12/20/2010
MarketMinder's View: Even bond managers are realizing the benefit of stock ownership.
Market Misperceptions
By , The Wall Street Journal, 12/20/2010
MarketMinder's View: Rising oil is hardly a risk of thwarting the recovery. These types of concerns tend to crop up but don’t mean much.
Sensible Stories
By , Associated Press, 12/20/2010
MarketMinder's View: With time dwindling down and the holiday weekend fast approaching, consumers are packing stores, showing strong demand.
Sensible Stories
By , Daily Finance, 12/20/2010
MarketMinder's View: We would agree. Stocks have had a nice showing in 2010, and the stage appears to be set for a strong 2011.
Market Misperceptions
By , Associated Press, 12/20/2010
MarketMinder's View:
Such downgrades shouldn’t cause worry—they merely reflect what investors already widely know. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , SME Times, 12/17/2010
MarketMinder's View: Well, that’s not a good idea if India wishes to continue growing and be competitive on the global market. Protectionist policies tend to hurt more than help.
Sensible Stories
By , Bloomberg, 12/17/2010
MarketMinder's View: This is a fairly wonky indicator. Not the least because one of the components is the stock market—itself a leading economic indicator. At any rate, this still largely supports the fact the economy has been and is still growing.
Market Misperceptions
By , The Boston Globe, 12/17/2010
MarketMinder's View: Novelty? Yes. But try buying your movie tickets with bullion. We’ll take plain old cash, thanks.
Sensible Stories
By , Carpe Diem, 12/17/2010
MarketMinder's View: US rail traffic volume continues to increase—good news, since this means more goods are being transported to where they’re demanded, which means…people and businesses are consuming!
Market Misperceptions
By , The New York Times, 12/17/2010
MarketMinder's View:
The good news is that the good news is finally being noticed rather than ignored in favor of bad news. We’d also argue the recovery—be it economic or stock market—hasn’t stopped and is actually continuing just fine.
Market Misperceptions
By , Reuters, 12/17/2010
MarketMinder's View: Not a surprise at all. This puts Moody’s in line with the other agencies, and all of them in line with what the market is already saying through higher yields.
Sensible Stories
By , Associated Press, 12/17/2010
MarketMinder's View: This “could be viewed as a healing sign for the US economy as Americans regain their appetite to spend.” Yep—as American consumers start spending more, imports will increase, hence the increase in the trade deficit. Pretty straightforward, and not alarming.
Sensible Stories
By , Reuters, 12/17/2010
MarketMinder's View: In our view, not imposing a tax hike is an economic positive for the US. But the benefits and drawbacks touted by both supporters and critics are largely overblown.
Sensible Stories
By , The Independent, 12/16/2010
MarketMinder's View: Consumers continue to defy obstacles, including bad winter weather—a testament to technology’s powerful impact on economic growth and development.
Sensible Stories
By , Bloomberg, 12/16/2010
MarketMinder's View: Manufacturing accelerates as the labor market continues to strengthen—positive signs that recovery continues apace.
Market Misperceptions
By , The Independent, 12/16/2010
MarketMinder's View:
As we’ve said before, employment improvements normally lag the economy—sometimes by many months if not multiple years. And with inflation still very tame globally, claims of stagflation are premature at best.
Sensible Stories
By , EU Business, 12/16/2010
MarketMinder's View: Germany continues to stand firm behind the eurozone and the euro. No doubt the PIIGS face a rocky road (some more so than others), but with the firm backing of Germany, odds of a sovereign debt contagion remain slim.
Market Misperceptions
By , The Motley Fool, 12/16/2010
MarketMinder's View:
That 101 stocks have more than doubled over the last several months doesn’t tell you anything about what they’ll do over the coming months—or what the market as a whole will do, for that matter.
Market Misperceptions
By , The New York Times, 12/16/2010
MarketMinder's View: No surprise here—politicians on both sides of the aisle have studied 2008’s financial panic for two years and still don’t get it.
Market Misperceptions
By , Seeking Alpha, 12/16/2010
MarketMinder's View:
While sometimes helpful in evaluating historical prices, technical analysis provides very little useful information about where stocks may be headed in the future. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , The Telegraph, 12/16/2010
MarketMinder's View:
Spain successfully sold €2.4 billion in bonds at a higher rate—hardly surprising given perceived country risks in the eurozone. But demand was good—a positive. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Sensible Stories
By , The Syndney Morning Herald, 12/16/2010
MarketMinder's View: Lowering trade barriers benefits all countries involved and results in cheaper goods and greater economic efficiency.
Sensible Stories
By , CNNMoney, 12/15/2010
MarketMinder's View: The headline here says it all. Inflation may be an issue a ways down the road, but that’s no guarantee—and for the time being, it’s firmly in check.
Market Misperceptions
By , The Wall Street Journal , 12/15/2010
MarketMinder's View:
The recovery isn’t occurring evenly across the eurozone, so it should come as no surprise eurozone employment isn’t improving evenly. But in aggregate, the region is far healthier than most realize.
Market Misperceptions
By , Seeking Alpha, 12/15/2010
MarketMinder's View:
As we’ve said many times before, technical indicators like the VIX, or “the fear indicator,” are about as useful as tarot cards for predicting stock market trends. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , BBC, 12/15/2010
MarketMinder's View:
Investors should analyze confidence surveys with a critical eye as they tend to note how folks feel about what’s just happened and not what will happen in the future. 
Sensible Stories
By , Financial Times, 12/15/2010
MarketMinder's View: China has tightened economic policy in 2010, but it doesn’t appear they’re interested in pulling the rug out too fast. For more, see our 12/14/2010 cover story, “China’s Not Choking.”
Sensible Stories
By , The Wall Street Journal , 12/15/2010
MarketMinder's View: “Consumers went on their biggest shopping spree since before the recession, providing fresh evidence the economic recovery is gathering steam heading into 2011.” Enough said.
Sensible Stories
By , Bloomberg, 12/15/2010
MarketMinder's View: US industrial production beat expectations in November—a bullish sign recovery continues.
Sensible Stories
By , MarketWatch, 12/15/2010
MarketMinder's View: The Fed held rates steady and will continue with QE2, an acceptable course of action—but one that won’t do what the economy isn’t already doing on its own. For more, see today’s cover story, “Classic Divergence.”
Market Misperceptions
By , Bloomberg, 12/15/2010
MarketMinder's View:
Moody’s and the other rating agencies have plenty to say about the PIIGS (analysis that’s usually late and rather obvious). But ironically, they’re facing their own downgrade here in the US. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”
Market Misperceptions
By , Bloomberg via The Washington Post, 12/14/2010
MarketMinder's View:
This is just more bank bashing, which seems more globally popular than soccer over the past two years.
Market Misperceptions
By , Fortune, 12/14/2010
MarketMinder's View:
Ratings agencies are dubious sources to begin with, and this analysis of the tax cut deal overlooks potential growth benefits that could wind up increasing tax revenue and GDP—which would both improve our nation’s fiscal position, not weaken it. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
Sensible Stories
By , Forbes, 12/14/2010
MarketMinder's View: A bevy of interesting observations leading to a conclusion we entirely agree with: “The bottom line is that stocks remain cheap, while bonds are certainly not.” For more, see our 12/08/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , The New York Times, 12/14/2010
MarketMinder's View: Lately, Japan has had its share of economic problems, but this type of pro-business proposal is a good start at improving future growth prospects.
Sensible Stories
By , Carpe Diem, 12/14/2010
MarketMinder's View: US November retail sales posted solid gains at the holiday shopping season's start and are now at their second highest level ever—behind only November 2007.
Sensible Stories
By , Bloomberg, 12/14/2010
MarketMinder's View: "Inventories in the US rose less than forecast in October, restrained by the biggest drop in retail stockpiles in more than a year as merchants had trouble keeping up with surging demand." A good sign of increasing demand and confidence at the start of Q4 2010.
Market Misperceptions
By , Seeking Alpha, 12/14/2010
MarketMinder's View: “Recessions and economic downturns are driven by changes in regulatory, trade, fiscal, and monetary policies, as well as cycles in agriculture, business, consumption, and wars.” Can a random sequence of numbers predict these non-mathematical events a decade in advance? We’re skeptical. This seems to us more like a data-mining tour de force to ignore.
Market Misperceptions
By , BBC, 12/14/2010
MarketMinder's View:
Perhaps eurozone economic growth has been incrementally impacted by sovereign debt issues in nations like Greece and Ireland, but pointing to industrial production’s slower rate of growth as evidence of a sovereign debt-driven slowdown is weak considering the same issues have existed all year—peaking in Q2 when eurozone industrial production surged. For some recent history, see our 08/16/2010 cover story, “Prost!”
Sensible Stories
By , Bloomberg, 12/13/2010
MarketMinder's View: “Debtors have failed to make good on their obligations throughout history, and we’re still here.” Exactly!
Market Misperceptions
By , International Business Times, 12/13/2010
MarketMinder's View:
Yes, dictatorships can make decisions quickly, but that’s not always a good thing. We’ll take democracy any day.
Market Misperceptions
By , Daily Finance, 12/13/2010
MarketMinder's View:
Stock valuations are extremely attractive relative to fixed income alternatives, earnings are growing at a very healthy clip and trouncing expectations, recent economic indicators have been beating forecasts, trade barriers are falling, sentiment is still cautious—the list of positive fundamentals goes on and on. Why exactly does the market need a breather?
Market Misperceptions
By , MarketWatch, 12/13/2010
MarketMinder's View:
Stocks will likely experience another bear market sometime in the next decade. But that doesn’t mean the next decade will offer poor returns, and it tells investors nothing about the period immediately ahead.
Sensible Stories
By , MarketWatch, 12/13/2010
MarketMinder's View: As folks realize the world is in pretty good shape, demand for stocks tends to grow. We think this trend has a ways to go.
Market Misperceptions
By , Bloomberg via The Washington Post, 12/13/2010
MarketMinder's View:
Forecasts out this far do investors a disservice.  They’re meaningless in the next year or two—the period that really matters for stocks—and no one can know what the economic environment will look like that far out.
Sensible Stories
By , The Wall Street Journal, 12/13/2010
MarketMinder's View: This shouldn’t come as a surprise, but it’s worth keeping an eye on. For more, see our 12/8/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , EU Business, 12/13/2010
MarketMinder's View: The wave of falling trade barriers is likely to continue, benefiting the global economy. For more, see our 10/8/2010 cover story, “Protectionist Hot Air.”
Market Misperceptions
By , Daily Finance , 12/10/2010
MarketMinder's View: First, bullish sentiment is very difficult to find. Second, the VIX is an inherently faulty, backward-looking indicator.
Market Misperceptions
By , SmartMoney, 12/10/2010
MarketMinder's View:
Actually, this ignores the fact that bull markets are longer and stronger than most think. Just because stocks have rallied strongly doesn’t mean they must fall. Nor does it mean stocks must rise in a straight line up with no volatility. Stocks can and do keep rising with volatility.
Market Misperceptions
By , The Washington Post, 12/10/2010
MarketMinder's View: US tax policy is less impactful on global stocks than many think, but we fail to understand how taxing producers leads to more economic activity. Rather, it could dampen activity or make some firms relocate overseas.
Sensible Stories
By , Bloomberg, 12/10/2010
MarketMinder's View: As we’ve discussed, the eurozone isn’t in as dire shape as most believe, and a debt contagion from a few troubled nations is unlikely. 2011 looks to be a positive year for the region.
Sensible Stories
By , CNN Money, 12/10/2010
MarketMinder's View: Positive news, but not terribly surprising. After all, the stock market has rallied strongly since July.
Sensible Stories
By , The New York Times, 12/10/2010
MarketMinder's View: This good news is delivered in a rather gloomy style, but the important part is the last sentence: “Growth in the euro area will be above all expectations of a few months ago.”
Sensible Stories
By , The New York Times, 12/10/2010
MarketMinder's View: China has continuously tweaked its monetary policy in 2010—all while strong growth has continued and lending activity has been strong.
Market Misperceptions
By , The New York Times, 12/09/2010
MarketMinder's View:
This overlooks the mounting evidence that recovery is well underway. While extending tax cuts may not have a major impact on markets, it certainly won’t hurt. For more, see our 12/8/2010 cover story, “Let’s Make a Deal.”
Sensible Stories
By , MarketWatch, 12/09/2010
MarketMinder's View: China has come far very quickly, but there’s still room for growth, which should continue providing fuel for overall Emerging Markets growth—and beyond.
Sensible Stories
By , Bloomberg, 12/09/2010
MarketMinder's View: “The number of workers filing first-time claims for unemployment insurance payments fell last week in the US, showing the labor market continues to improve.” Positive news for job seekers. Further, this is playing out like a normal recovery. After the economy grows for an extended period, employers gain confidence and begin hiring again. Growth begets jobs, not the reverse.
Market Misperceptions
By , Time, 12/09/2010
MarketMinder's View:
While the conclusion is more or less right, the initial premise is problematic. US manufacturing production is higher today than it was during the 1950s, when a much higher percentage of the populace worked in manufacturing. For more, see our 11/9/2010 column, “The Ever-Evolving Economic Engine.”
Sensible Stories
By , The Wall Street Journal, 12/09/2010
MarketMinder's View: According to the European Commission, those dreaded credit default swaps caused Greece’s fiscal collapse last spring. Instead, it seems markets operated the way they should have—putting a serious dent in the old “blame the speculators” narrative.
Market Misperceptions
By , Seeking Alpha, 12/09/2010
MarketMinder's View:
Actually, access to the energy necessary to fuel our economy and cheaper goods are great positives for our economy and society. Trade allows the US to focus on higher margin businesses like those in the service sector. Not to mention that lenders to the US have reaped the benefits of holding US debt. Sounds more like a win-win than the “verge of total economic collapse.”
Sensible Stories
By , The New York Times, 12/09/2010
MarketMinder's View: More evidence global central bankers aim to maintain their accommodative stance.
Market Misperceptions
By , International Business Times, 12/09/2010
MarketMinder's View:
So many questions: How exactly are home value losses calculated? Unless you’re selling or refinancing, the current assumed value of your home doesn’t matter. And why is the Iraq War an appropriate scale? Why not compare it to the cost of the Louisiana Purchase? Or the damage done during the Pearl Harbor attacks? It’s an arbitrary scale that doesn’t mean anything.
Sensible Stories
By , MSNBC, 12/08/2010
MarketMinder's View: US car sales surged 17% in November and are predicted to continue growing in 2011—further proof US consumers are spending.
Market Misperceptions
By , The New York Times, 12/08/2010
MarketMinder's View:
Mr. Krugman, long an outspoken supporter of increased deficit-financed stimulus, is now concerned with—the deficit? You can’t have it both ways.
Sensible Stories
By , EU Business, 12/08/2010
MarketMinder's View: Ireland’s austerity budget passed Tuesday without too much political wrangling or market fanfare. With the budget behind them, officials can move forward with the promised fiscal aid package.
Sensible Stories
By , The Wall Street Journal, 12/08/2010
MarketMinder's View: Credit default swaps were unjustly vilified by politicians and pundits alike for causing Greece’s woes. Turns out, shoddy accounting by the Greek government was to blame—markets simply pointed out the obvious via higher yields.
Sensible Stories
By , Bloomberg, 12/08/2010
MarketMinder's View: German industrial production nearly tripled expectations in October. Europe’s core (and thus Europe in aggregate) is much healthier than many fathom. For more, see our 12/3/2010 cover story, “Astonishingly Average.”
Market Misperceptions
By , Daily Finance, 12/08/2010
MarketMinder's View:
Even with QE2 in place, inflation won’t be an issue anytime soon. For more, see our 12/6/2010 column, “In Depth: Q&A on QE2.”
Sensible Stories
By , Politico , 12/08/2010
MarketMinder's View: Let the rhetoric begin. Likely this bill (or some approximation) will pass the House and Senate, but even if it doesn’t, we don’t expect it to be a major stumbling block for the bull. For more, see today’s cover story, “Let’s Make a Deal.”
Market Misperceptions
By , MarketWatch, 12/08/2010
MarketMinder's View:
“Dazzling, yes. But at these levels, metals are potentially dangerous.” Are gold, silver, and copper in a bubble? Who knows. Long-term returns on gold (or any commodity) pale in comparison to equities.
Market Misperceptions
By , The Motley Fool, 12/08/2010
MarketMinder's View:
Another great example of the pessimistic market sentiment that is pervasive today. The US economy is “in slow-motion car-crash mode” because the PMI inched down in November? Not quite.
Sensible Stories
By , Associated Press, 12/08/2010
MarketMinder's View: This is nice to hear. And though last week’s jobs report disappointed, the labor market seems to be improving overall—as it has throughout 2010. For more, see our 9/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , Associated Press, 12/07/2010
MarketMinder's View: TARP turned out not to be as bad as detractors feared it would be—and in this case, the government (and taxpayers) actually came out ahead! This was certainly not the widely expected outcome.
Sensible Stories
By , The Wall Street Journal, 12/07/2010
MarketMinder's View: The eurozone’s biggest economy continues recovering strongly—more evidence of a continued global economic recovery.
Market Misperceptions
By , Seeking Alpha, 12/07/2010
MarketMinder's View:
It’s very difficult to square this analysis with an economy that’s growing, a stock market that’s up hugely from its bear market lows, and historic corporate profits. This is essentially about high unemployment. Yes, unemployment is high, but unemployment is a classic lagging indicator that doesn’t say anything about the future. To put that another way, unemployment was very low—in January 2008.
Sensible Stories
By , Real Clear Markets, 12/07/2010
MarketMinder's View: “There are times during the year when more jobs are created in the US than we are told about. The holiday season is one of those times.” Yep. Beware how seasonal adjustments (and other wonky calculations) skew the numbers. See our 12/06/2010 cover story, “A Lesson in Government Math,” for more.
Sensible Stories
By , RTT News, 12/07/2010
MarketMinder's View: The UK’s economy, like most of the world, remains firmly in recovery.
Sensible Stories
By , Bloomberg BusinessWeek, 12/07/2010
MarketMinder's View: It’s by no means a done deal, and some Democrats are voicing opposition, but there’s serious momentum to extend the current tax rates.
Market Misperceptions
By , Seeking Alpha, 12/07/2010
MarketMinder's View:
Maybe? But a better question is, so what? Silver is a commodity, like gold. And the returns of both, long term, are easily bested by equities. Unless you are a pro-commodity market timer, long-term capital is likely best served in equities.
Market Misperceptions
By , The Wall Street Journal, 12/07/2010
MarketMinder's View:
Politicians seem to miss this point—raising tax rates doesn’t guarantee higher tax revenues. In fact, reliably, higher tax rates lead to lower tax revenues, while lower rates lead to higher revenue.
Sensible Stories
By , MarketWatch, 12/06/2010
MarketMinder's View: In one of the largest trade pacts in recent history, the deal between the US and South Korea continues the positive trend of falling trade barriers globally.
Market Misperceptions
By , Bloomberg, 12/06/2010
MarketMinder's View:
This shows just how off-the-mark folks are on gold today. Gold is not a currency, and buying gold in another country’s currency doesn’t make a lick of difference if the funds will ultimately be converted back to dollars.
Sensible Stories
By , Associated Press, 12/06/2010
MarketMinder's View: “The economy is starting to fire on almost every cylinder these days but the one that matters most: Job creation.” Well…if job creation matters most, then why would the economy be making steady gains?
Sensible Stories
By , The Wall Street Journal, 12/06/2010
MarketMinder's View: Talks are wrapping up in Washington on this topic. Something to keep an eye on.
Market Misperceptions
By , The Independent, 12/06/2010
MarketMinder's View: This is quite extreme. The US (like any country) has its woes, but it’s hardly headed down a Ponzi scheme spiral.
Market Misperceptions
By , The Guardian, 12/06/2010
MarketMinder's View:
Whether QE2 is needed is highly questionable, let alone QE3.
Sensible Stories
By , The Guardian, 12/06/2010
MarketMinder's View: The boom across the pond continues as trade and new orders hit record highs.
Market Misperceptions
By , The Globe and Mail, 12/06/2010
MarketMinder's View:
“Trade tensions between the United States and China are heading toward ‘crisis’ levels, a new forecast warns.” We would have to disagree. A trade war is highly unlikely and wouldn’t be in either country’s best interest.
Sensible Stories
By , The Economist , 12/03/2010
MarketMinder's View: Consumers are alive and well!
Market Misperceptions
By , Time, 12/03/2010
MarketMinder's View: Profits are profits. Yes, firms cut costs through the recession, adding to their productivity and their ability to be even more profitable in recovery. Cost-cutting is a good, healthy, and normal part of an economic cycle. Is it better firms don’t cut costs and go belly up? (Answer: No.)
Sensible Stories
By , Bloomberg, 12/03/2010
MarketMinder's View: Germany continues to forecast substantial growth for its economy.
Sensible Stories
By , Daily Finance , 12/03/2010
MarketMinder's View: “All investors make mistakes. The trick is figuring out what our investing mistakes are—and then trying to avoid them.” Agreed, and here are a few mistakes investors should heed.
Market Misperceptions
By , US News, 12/03/2010
MarketMinder's View: Could a debt crisis infect America? Sure, but we think it’s unlikely. The PIIGS debt woes aren’t even doing a good job of impacting the EU, as expectations are for the region to accelerate and continue recovering in 2011.
Sensible Stories
By , The Wall Street Journal, 12/03/2010
MarketMinder's View: Despite ongoing fears about a debt “contagion” (which has yet to appear), the eurozone overall has proven quite resilient.
Market Misperceptions
By , The New York Times, 12/03/2010
MarketMinder's View: The jobless rate increased—but so did payrolls. Unemployment is a wonky figure—right now it looks like more job seekers are encouraged and re-engaging in job searches.
Sensible Stories
By , The Wall Street Journal, 12/03/2010
MarketMinder's View: November was a positive month for the services sector as it continued to expand.
Sensible Stories
By , MarketWatch, 12/03/2010
MarketMinder's View: As the new year approaches, China will focus on establishing “proactive fiscal policy and prudent monetary policy.” Given the changes that have happened in China over the past year, we doubt any abrupt moves will be part of the policy shift.
Market Misperceptions
By , Seeking Alpha, 12/02/2010
MarketMinder's View:
The focus should be on the total amount of trade, not trade balances. Increasing imports can be seen as a sign of economic vibrance. Plus, those imports can add to profitability and productivity in the US. For more, see our 08/12/2010 cover story, “Trading Up.”
Market Misperceptions
By , Seeking Alpha, 12/02/2010
MarketMinder's View:
Time for a reality check indeed. Last we checked, myriad signs point to strengthening of the US economy, not a “horrific economic collapse.” For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Sensible Stories
By , Financial Times, 12/02/2010
MarketMinder's View: “Global manufacturing roared ahead in November after a summer lull in activity faded away, powered by northern European countries, China and India.” As we’ve said, little attention seems to be paid to expanding manufacturing activity. For more, see today’s cover story, “Revealing a Non-Secret.”
Sensible Stories
By , Seeking Alpha, 12/02/2010
MarketMinder's View: A sensible round-up of the positives and potential negatives currently facing markets.
Sensible Stories
By , MarketWatch, 12/02/2010
MarketMinder's View: Economic indicators continue to point to strengthening in the US—a bullish sign for stocks.
Sensible Stories
By , Dow Jones Newswires, 12/02/2010
MarketMinder's View: US consumers are alive and well!
Sensible Stories
By , The New York Times, 12/02/2010
MarketMinder's View: The European Central Bank stands ready and willing to continue its support for banks—more evidence a contagion is unlikely.
Market Misperceptions
By , International Business Times, 12/02/2010
MarketMinder's View:
Perhaps some manufacturing and industrial jobs are relocating overseas, but there’s a bigger force at play, and there’s nothing unusual or concerning about it. While the transition may be uncomfortable, it’s all part of normal economic progress. For more, see our 11/9/2010 column, “The Ever-Evolving Economic Engine.”
Market Misperceptions
By , The Independent, 12/02/2010
MarketMinder's View:
Further evidence of the wall of worry stocks love to climb. Continued strength in manufacturing indicates robust current and future demand and should bolster growth in other areas as well.
Sensible Stories
By , Bloomberg, 12/02/2010
MarketMinder's View: Sales of Spanish debt were decently received as spreads between Spanish, Italian, and Portuguese debt over German bunds all narrowed—positive signs of investor confidence in Spain and the eurozone’s ability to face debt contagion fears.
Market Misperceptions
By , Financial Times, 12/01/2010
MarketMinder's View:
The fact that manufacturing in China and India is expanding faster than their neighbors isn’t a bad thing. Thus far, China and India have shown they are capable of keeping inflation in check, and regionally, sectors seldom expand in lockstep.
Sensible Stories
By , Dow Jones Newswires, 12/01/2010
MarketMinder's View: Monday was the busiest online shopping day in US history with US sales of $1.03 billion. Who says US consumers are dead? For more, see our 08/31/2010 cover story, “Retail Therapy.”
Market Misperceptions
By , Seeking Alpha, 12/01/2010
MarketMinder's View:
The answer: Maybe. Maybe not. Either way, remember, gold is just a commodity. It’s not inherently safer than any other commodity that has been on a multi-year run. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , BBC, 12/01/2010
MarketMinder's View: “In the three months to September, gross domestic product (GDP) was up 8.9% from the same period last year.” Indian growth continues to impress and beat expectations.
Sensible Stories
By , Bloomberg, 12/01/2010
MarketMinder's View: Worker productivity in the US exceeded expectations in the third quarter—a good sign for future corporate profitability.
Market Misperceptions
By , Bloomberg, 12/01/2010
MarketMinder's View:
Sure, the November ISM factory index was down slightly from October, but November marks the 16th consecutive month of manufacturing expansion in the US. Ignore the misleading headlines and focus on the continued expansion—a bullish sign for stocks.
Sensible Stories
By , The Wall Street Journal , 12/01/2010
MarketMinder's View: Investors should expect a bumpy road ahead for unemployment figures, but as the recovery takes hold, growth will continue to create jobs.
Market Misperceptions
By , Daily Finance, 12/01/2010
MarketMinder's View:
The “dollar-stocks see-saw” is another in a long line of flawed technical indicators that should be ignored. Historically, a strong or weak dollar portends little about the direction of US stocks. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , MarketWatch, 12/01/2010
MarketMinder's View: Driven by global demand, UK manufacturing expanded the most in 16 years—proving, once again, economic fundamentals around the world are in better shape than many believe. For more, see today’s cover story, “2010’s Wall of Worry.”
Market Misperceptions
By , Business Insider, 11/30/2010
MarketMinder's View:
Seriously? We fail to see how putting people who provide the market with capital in jail does anything positive. Punishing bankers won’t solve anything—many factors contributed to the financial crisis and economic downturn. Plus, the economy is already recovering—even with bankers running footloose and fancy-free.
Market Misperceptions
By , Associated Press, 11/30/2010
MarketMinder's View:
Actually, firms spending money is a major driver of the economy, and that is happening healthily. Unemployment is indeed terrible for the unemployed, but there’s no evidence unemployment benefits are a major driver of economic growth.
Sensible Stories
By , Carpe Diem, 11/30/2010
MarketMinder's View: Still more evidence a recovery is well underway.
Sensible Stories
By , Bloomberg, 11/30/2010
MarketMinder's View: “Businesses in the US expanded at a faster pace than forecast in November, signaling the world’s largest economy was speeding up heading into 2011.” Yep—the US (and global) economy is recovering quite nicely.
Sensible Stories
By , International Business Times, 11/30/2010
MarketMinder's View: Combined with Black Friday and Thanksgiving weekend sales, Cyber Monday is further proof consumers are alive and healthy—and spending! See today’s cover story, “Black Friday Not So Bleak,” for more.
Market Misperceptions
By , USA Today, 11/30/2010
MarketMinder's View:
It’s very nice that consumers feel more confident, and that’s to be expected since stocks have overall been rising over the last five months. But consumer confidence surveys are notoriously poor forward-looking indicators—they are coincident at best.
Market Misperceptions
By , Bloomberg, 11/30/2010
MarketMinder's View:
Slow growth is still growth—and while Canada may be growing slowly, other economies are growing faster than expected. Recoveries don’t always happen in lockstep, and that’s perfectly normal.
Sensible Stories
By , Daily Finance, 11/30/2010
MarketMinder's View: Looks like TARP wound up being less damaging than originally expected—and may have been even less so if it was used for only financial firms, rather than every failing company in the US (namely auto makers). For more, see our 01/15/2010 cover story, “Taxing TARP.”
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: This is worth paying attention to—future bailouts, if needed beyond 2013, could come with more strings attached for investors. For more, see our 11/18/2010 column, “In Depth: PIIGS Yields Up, Maybe Permanently.”
Market Misperceptions
By , The Telegraph, 11/29/2010
MarketMinder's View:
“Desperate moments call for desperate measures.” Typically, yes, they do, but keep in mind there is already a massive bailout in place for exactly this situation.
Market Misperceptions
By , The Wall Street Journal via Yahoo Finance , 11/29/2010
MarketMinder's View:
We’d say the past 20 months are a bull market in stocks, not “a bull market in fear.” For years, folks have followed investment theories tied to the VIX—and now is no different. The VIX however, is a broken, backward-looking market indicator.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: The infamous “Black Friday” kicked off the holiday season with a bang, proving consumers are out there doing what they do best—consuming!
Market Misperceptions
By , Daily Finance, 11/29/2010
MarketMinder's View:
What better reasons are needed than the positive and improving economic data out there? Recovery is well underway and now is the time to be invested in stocks. When others are leery, take that cue and dive in. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: Debt can be healthy and isn’t the ultimate demise. Today, US debt is still well within manageable levels. Additionally, fiscal stimulus globally provided a tailwind for growth in a time of need—it’s not just a Band-Aid covering current woes.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: Texas region manufacturing activity was up in November for the third straight month. Not too shabby.
Sensible Stories
By , The Wall Street Journal, 11/29/2010
MarketMinder's View: We’re not big on the predictive power of surveys, but it’s interesting that, in spite of continued media attention on sovereign debt issues, eurozone confidence has continued to inch up steadily over the past six months.
Sensible Stories
By , Calculated Risk, 11/29/2010
MarketMinder's View: Here’s a laundry list of items that shouldn’t go unnoticed. For more, see our 11/26/2010 cover story, “A Round of Thanks.”
Market Misperceptions
By , The New York Times, 11/29/2010
MarketMinder's View:
Five consecutive quarters of economic growth don’t seem to indicate the need for “creative fix-its.” We agree that consumer spending (or any one thing for that matter) can’t cure all ills, but gains in consumer spending added to myriad other growing aspects of the economy (like business spending and global trade) are certainly a step in the right direction.
Sensible Stories
By , Associated Press, 11/26/2010
MarketMinder's View: While the weakest EU members have proven vulnerable, it’s unlikely a debt contagion spreads throughout Europe or beyond.
Sensible Stories
By , The Wall Street Journal, 11/26/2010
MarketMinder's View: “Higher taxes discourage the ‘animal spirits’ of entrepreneurship…. Lower taxes increase the incentives to work, produce, save and invest, thereby encouraging capital formation and jobs.” Yep.
Market Misperceptions
By , CNN Money, 11/26/2010
MarketMinder's View:
Sure, too much debt isn’t great. But our interest costs are still within normal levels. And as we’ve said before, historically, the US has seen higher debt relative to GDP—and we still had robust growth! See our 06/10/2010 cover story, “Debunking Debt Concerns,” for more.
Sensible Stories
By , Reuters, 11/26/2010
MarketMinder's View: A eurozone breakup isn’t likely anytime soon. Still, it’s good to keep an eye on developments in the area—but as this article highlights, there’s little agreement as to what will happen to the euro.
Sensible Stories
By , Daily Finance, 11/26/2010
MarketMinder's View: True, the global economy may not have fully recovered just yet, but good news abounds—and we definitely do have much to be thankful for this past year. For more, see today’s cover story, “A Round of Thanks.”
Market Misperceptions
By , Daily Finance, 11/26/2010
MarketMinder's View: Stock market technical analysis is useful—for stock market historians. Technical charts and the like tell little about stocks’ future movements—all they can do is tell us what happened in the past. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , The Motley Fool, 11/26/2010
MarketMinder's View: We’re puzzled how anyone can see widespread irrational exuberance in the market today. If anything, investors remain quite cautious, if not outright pessimistic. Maybe the author forgets what turn-of-the-century irrational exuberance was really like or that the phrase was coined years before the bull market ended.
Market Misperceptions
By , The New York Times, 11/24/2010
MarketMinder's View:
This is just more fear mongering (from a source with a dubious track record). Ignore the sensationalized talk of “bloodbaths” and “political breakdown.”
Market Misperceptions
By , Reuters, 11/24/2010
MarketMinder's View:
Investors shouldn’t wait on jobs—employment typically rebounds long after growth is underway. Further, recent reports indicate employment is improving.  
Sensible Stories
By , The Washington Post, 11/24/2010
MarketMinder's View: The next challenge for the embattled Irish government is the much-discussed budget—which should pass despite current political turmoil. For more, see our 11/23/2010 cover story, “The Still-Fighting Irish.”
Sensible Stories
By , SmartMoney, 11/24/2010
MarketMinder's View: “Companies have been using some of their nearly $2 trillion in built-up cash to replace worn-out equipment and boost productivity with new gear.” A bullish sign. For more, see our 11/12/2010 cover story, “Making More Out of Less.”
Market Misperceptions
By , International Business Times, 11/24/2010
MarketMinder's View:
Because core countries are exposed to peripheral debt makes it highly unlikely they’ll stand idly by (as they’ve already shown). Support is as much in their own interest as it is in the interest of PIIGS countries.
Market Misperceptions
By , Bloomberg, 11/24/2010
MarketMinder's View:
Don’t pay too much attention to the rating agencies—they’re often late to the party and not any more insightful than other capital markets analysts.
Sensible Stories
By , BBC, 11/24/2010
MarketMinder's View: As Irish struggles make headlines, the far, far bigger neighboring UK economy continues to prove more robust than many believe.
Sensible Stories
By , Bloomberg, 11/24/2010
MarketMinder's View: American consumers are alive and well—and never were all that sickly—heading into the holiday shopping season.
Market Misperceptions
By , Bloomberg, 11/24/2010
MarketMinder's View:
Yesterday’s attack on South Korea by North Korea was tragic. But geopolitical risks are ever present, unpredictable, and usually only briefly dent stocks. For more, see today’s cover story, “Briefly Bellicose.”
Sensible Stories
By , International Business Times, 11/24/2010
MarketMinder's View: Confidence surveys aren’t the most reliable forward economic measures, but soaring sentiment is indicative of recent German strength—which appears set to continue. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , The New York Times, 11/23/2010
MarketMinder's View: “American businesses earned profits at an annual rate of $1.66 trillion in the third quarter. That is the highest figure recorded since the government began keeping track over 60 years ago.” Excellent news!
Sensible Stories
By , Bloomberg, 11/23/2010
MarketMinder's View: Europe’s current star of the show, Germany, had great success, thanks to exports and investment.
Market Misperceptions
By , Barron’s, 11/23/2010
MarketMinder's View:
No doubt, housing continues to be a trouble spot. But there’s nothing new here. Plus, the economy doesn’t need a strong housing rebound to recover. For more, read our 09/28/2010 column, “Don’t Wait on Housing.”
Sensible Stories
By , The Wall Street Journal, 11/23/2010
MarketMinder's View: We’ll take it! The eurozone continues to prove it’s much more resilient and healthy than many fear.
Market Misperceptions
By , The Globe and Mail, 11/23/2010
MarketMinder's View:
Fall how? Default is highly unlikely, thanks to the massive bailout designed exactly for this purpose. For more, see our 11/22/2010 cover story, “All Things European.”
Market Misperceptions
By , The Wall Street Journal, 11/23/2010
MarketMinder's View:
Corporate profits soaring are now a bad thing? We’d rather see high profits than none at all—this is just another attempt at spinning positive news negatively. Ignore.
Market Misperceptions
By , CNBC, 11/23/2010
MarketMinder's View:
Increased inflation is a risk down the road. But keep in mind, thanks to slowing velocity, inflation has been very low, and deflation has been the greater near-term risk.
Sensible Stories
By , SmartMoney, 11/23/2010
MarketMinder's View: Consumers are spending away this holiday season! More evidence consumers aren’t MIA.
Sensible Stories
By , Bloomberg, 11/23/2010
MarketMinder's View: In a pleasant surprise, US GDP figures were revised upward, proving further economic recovery is in its future.
Market Misperceptions
By , MarketWatch, 11/22/2010
MarketMinder's View:
Investors shouldn’t fixate on the US. Growth here is solid if unspectacular, but Emerging Markets are pulling the global economy ahead at a much quicker pace.
Sensible Stories
By , Bloomberg, 11/22/2010
MarketMinder's View: While unemployment numbers are up nationwide, some areas are faring better than others as global economic growth is leading to strong demand for US goods. Unemployment is historically low in parts of the Midwest, and these low figures can be chalked up to more than just the farming communities.
Sensible Stories
By , Seeking Alpha, 11/22/2010
MarketMinder's View: Forecasting years out is tricky, but the fact folks are forecasting such strong growth shows the huge disconnect between current negative sentiment and a much more positive reality.
Market Misperceptions
By , The Telegraph, 11/22/2010
MarketMinder's View:
Could Portugal be the next of the PIIGS to run into trouble? Maybe. But none of the PIIGS are likely to spark a global contagion. For more, see today’s cover story, “All Things European.”
Market Misperceptions
By , Seeking Alpha, 11/22/2010
MarketMinder's View:
Simply owning high-dividend paying stocks doesn’t protect investors from a market downturn. There are times to focus on dividend paying stocks and times when growth stocks are more attractive. It’s foolish to become permanently married to any stock category. For more, see our 08/06/2010 column, “Sometimes True.”
Sensible Stories
By , Bloomberg, 11/22/2010
MarketMinder's View: It’s official—Ireland has stepped up and is now requesting aid for its ailing economy. For more, see our 11/15/2010 cover story, “The (Un)Luck of the Irish.”
Sensible Stories
By , The Wall Street Journal, 11/22/2010
MarketMinder's View: Raising taxes isn’t likely to reduce the deficit as some expect.
Market Misperceptions
By , Bloomberg, 11/19/2010
MarketMinder's View:
This gives much too much credit to the power of “speculators” (sometimes called “investors”) to act in a coordinated fashion. For more, see today’s cover story, “Getting Hibernia Out of Hock.”
Sensible Stories
By , Time, 11/19/2010
MarketMinder's View: Improving unemployment is no doubt welcome news. But remember, it’s normal (though understandably frustrating) for employment improvements to greatly lag economic improvement.
Sensible Stories
By , The Street, 11/19/2010
MarketMinder's View: We don’t “hate” gold ourselves—no reason to hate any commodity. But we do agree, as a long-term investment, odds are it greatly underperforms. This famous Buffet quote sums it up: “[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Market Misperceptions
By , Barron’s, 11/19/2010
MarketMinder's View:
Housing remains a weak spot. But remember, a robust housing recovery isn’t necessary for the rest of the economy to recover. For more, read our 09/28/2010 column, “Don’t Wait on Housing.”
Sensible Stories
By , The Wall Street Journal, 11/19/2010
MarketMinder's View: Germany forges on as producer prices rose faster than previously expected.
Market Misperceptions
By , Real Clear Markets, 11/19/2010
MarketMinder's View:
China’s move to rein in lending seems measured and unlikely to stop their current fast rate of growth. For more, see our 11/18/2010 cover story, “The Rising Cost of a Chinese Big Mac.”
Sensible Stories
By , The Wall Street Journal, 11/19/2010
MarketMinder's View: While many fear a European debt contagion, Europe’s credit markets are actually “proving remarkably resilient in recent weeks.”
Market Misperceptions
By , CNBC, 11/19/2010
MarketMinder's View:
First it was Greece, then all the PIIGS, now just Ireland. The PIIGS face an uphill road, but there’s no evidence of contagion still—and unlikely to be thanks to the bazooka of a bailout that covers their funding needs (except Italy, which is much healthier) for the next three years! For more on why sovereign debt contagion is nowhere in sight, see today’s cover story, “Getting Hibernia Out of Hock.”
Sensible Stories
By , Bloomberg, 11/18/2010
MarketMinder's View: “The index of US leading indicators rose for a fourth consecutive month, manufacturing surged in the Philadelphia area and jobless claims climbed less than forecast, signaling the world’s largest economy is accelerating.”
Market Misperceptions
By , The Wall Street Journal, 11/18/2010
MarketMinder's View:
As we’ve said before, stocks love to climb a wall of worry, so a surfeit of optimism would be a potential negative. However, how much optimism are you really seeing out there? That’s right—very little. 
Market Misperceptions
By , Financial Times, 11/18/2010
MarketMinder's View:
Fretting over unemployment numbers continues to be a popular pastime for the media. But as we’ve said before, there’s evidence of labor market stabilization. For more, see our 09/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , The Wall Street Journal, 11/18/2010
MarketMinder's View: Government intervention in an attempt to level the playing field is often more counterproductive than not. “Truly fixing the system would mean stopping the government’s modification programs and allowing markets to clear.” Agreed—it’s usually best to let the market do its thing.
Market Misperceptions
By , ETF Daily News, 11/18/2010
MarketMinder's View:
Wait…what? For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Sensible Stories
By , The New York Times, 11/18/2010
MarketMinder's View: German Chancellor Angela Merkel may have said it best: “I only want to say: We have a euro rescue shield, and if a country is of the opinion it would like to use it then I can only say it was created for exactly that case.”
Sensible Stories
By , Bloomberg, 11/18/2010
MarketMinder's View: As we’ve said before, unemployment is backward-looking and unlikely to have much useful predictive power. But, over time, an improving economy begets better jobs numbers. For more, see our 08/09/2010 cover story, “Titus Maccius Plautus on US Unemployment.”
Sensible Stories
By , The Wall Street Journal, 11/18/2010
MarketMinder's View: Manufacturing activity “expanded at an unexpectedly vigorous pace in November”—a sign the manufacturing sector continues growing solidly.
Market Misperceptions
By , Seeking Alpha, 11/18/2010
MarketMinder's View:
While inflation is certainly a risk if left unaddressed, there seems no reason to believe markedly higher inflation is imminent. And we’re a far cry from resembling China in just about any way.
Market Misperceptions
By , Daily Finance, 11/17/2010
MarketMinder's View:
How would inhibiting investment in fast-growing emerging economies benefit US corporations or the US economy? Hint: It wouldn’t. A strengthening global economy is good for the US too.
Sensible Stories
By , Dow Jones Newswires, 11/17/2010
MarketMinder's View: Something worth noting—“banks reduced their use of the European Central Bank's overnight facilities.” The global financial system is on far more stable ground today than during the crisis. Even European banks, supposedly at the heart of the PIIGS-contagion (that doesn’t actually exist) have mostly weaned themselves off emergency lending programs.
Market Misperceptions
By , Telegraph, 11/17/2010
MarketMinder's View:
The stresses created by the eurozone structure have undeniably come to light, but a eurozone breakup is by no means imminent.
Sensible Stories
By , Bloomberg, 11/17/2010
MarketMinder's View: A good thing! Another sign the global economy is recovering. As economies recover, so will employment.
Market Misperceptions
By , Seeking Alpha, 11/17/2010
MarketMinder's View:
When others begin to worry, take it as a good sign! Cautious sentiment is bullish. Stocks love to climb a wall of worry. For more, see our 01/25/2010 cover story “Pessimism of Disbelief.”
Market Misperceptions
By , Daily Finance, 11/17/2010
MarketMinder's View:
Simply, no. The global economy is expanding nicely, led by developing economies. Trouble spots exist as always, but overall the world is back in growth mode.
Sensible Stories
By , The New York Times, 11/17/2010
MarketMinder's View: Yes! Stronger growth can make a big dent in the deficit. More growth means more people employed, better earnings, and higher tax receipts.
Sensible Stories
By , Bloomberg, 11/17/2010
MarketMinder's View: Core prices remained steady for the third month straight, and cost of living increased less than previously forecasted. Much-feared inflation is nowhere in sight.
Sensible Stories
By , Carpe Diem , 11/16/2010
MarketMinder's View: Increased freight traffic means more goods are being transported, which means there’s increased demand—in the US and around the world.
Sensible Stories
By , International Business Times, 11/16/2010
MarketMinder's View: “Why go to London and pay 50 percent tax when you can move to Hong Kong, which is nearer to the action and where the tax rate is 15 percent? And if bonuses in London are much lower than elsewhere, it is unlikely that international talent will earn money here. Britain will be the loser.” Insert “any worker” for “bankers,” and you’ll understand why price caps on salaries are foolhardy.
Market Misperceptions
By , Guardian, 11/16/2010
MarketMinder's View:
It’s the PIIGS contagion scare all over again. Yes, Ireland faces trouble, but with the EU/IMF/ECB backstop in place, a European contagion is highly unlikely. See our 11/15/2010 cover story, “The (Un)Luck of the Irish,” for more.
Market Misperceptions
By , Seeking Alpha, 11/16/2010
MarketMinder's View:
We don’t understand how data can be “alleged.” It is what it is, and consumer spending continues to grow. But the more important story is the continuing increase in business spending. For more, see our 11/16/2010 cover story “Not So Ghoulish October.”
Sensible Stories
By , MSNBC, 11/16/2010
MarketMinder's View: As we’ve said, companies won’t sit on their cash hoards forever—sooner or later, that money will get put to work, and it’s showing now in increased M&As. See today’s cover story, “Not So Ghoulish October,” for more.
Market Misperceptions
By , Fortune, 11/16/2010
MarketMinder's View:
Rarely does it make sense to make forward-looking forecasts based on backward-looking assessments.
Market Misperceptions
By , 11/16/2010
MarketMinder's View:
With all due respect to the Fed, this survey tells us little to nothing about where the economy is heading. Instead, it shows forecasters’ expectations and sentiment regarding the economy—which, at best, tend to be coincident (if not lagging) to market and economic data.
Market Misperceptions
By , Reuters, 11/15/2010
MarketMinder's View: Despite mounting evidence to the contrary, many still don’t believe in the recovery—which is great news for stock investors. Remember, stocks love to climb a wall of worry. For more, see our 09/14/2010 cover story, “Deconstructing a Wall of Worry.”
Market Misperceptions
By , MSN Money, 11/15/2010
MarketMinder's View:
Calls for a return to the gold standard make for great headlines but are largely impractical.
Sensible Stories
By , The Wall Street Journal , 11/15/2010
MarketMinder's View: European bank executives rightly point out that over-regulation will make their countries less attractive as financial centers.
Market Misperceptions
By , The Telegraph , 11/15/2010
MarketMinder's View:
Götterdämmerung? This is overstating matters more than just a bit. Sure, there are trouble spots in Europe (and globally for that matter), but the world is never perfect, even during periods of robust global growth. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Market Misperceptions
By , Bloomberg, 11/15/2010
MarketMinder's View: While the troubles on the Emerald Isle are serious, they aren’t serious enough to kick off the sovereign debt contagion some fear. For more, see today’s cover story, “The (Un)Luck of the Irish.”
Sensible Stories
By , The Wall Street Journal , 11/15/2010
MarketMinder's View: “US companies are getting better at boosting their productivity in tough economic times.” US firms are more productive than ever—a bullish sign.
Sensible Stories
By , The New York Times, 11/15/2010
MarketMinder's View: The global recovery continues as Japan posted its fourth consecutive quarter of GDP growth.
Market Misperceptions
By , Daily Finance , 11/15/2010
MarketMinder's View:
Collision course? Hardly. In any relationship, there are bound to be bumps in the road, and the relationship between China and the US is no different.
Sensible Stories
By , The New York Times, 11/15/2010
MarketMinder's View: Firms maintaining solid earnings growth and shrinking share supply via M&A is excellent news for investors. For more, see our 11/12/2010 cover story “Making More Out of Less.”
Sensible Stories
By , Bloomberg, 11/15/2010
MarketMinder's View: Retail sales climbed the most in seven months—further proof US consumers aren’t dead.
Market Misperceptions
By , Barron’s , 11/15/2010
MarketMinder's View: Folks, we’d like to make this as clear as possible: Sir John Templeton had a point when he said “It’s different this time” are the four most dangerous words in investing.
Sensible Stories
By , MarketWatch, 11/15/2010
MarketMinder's View: Leaders around the world could learn a lot from the 21-member APEC. Freer trade and agreeing to refrain from imposing new protectionist trade barriers are two certain steps toward prosperity.
Market Misperceptions
By , Seeking Alpha, 11/12/2010
MarketMinder's View: QE2 is unnecessary in our view, but it’s a bit premature to say it’ll do any harm. For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Market Misperceptions
By , The Wall Street Journal, 11/12/2010
MarketMinder's View: From an interest rate standpoint, the Fed is as accommodative as it can possibly be. We can see why changes in interest rates are more impactful on consumption than the absolute level. And today, the absolute level is absolutely rock bottom!
Market Misperceptions
By , Bloomberg, 11/12/2010
MarketMinder's View: Ireland defaulting on its debt in the near-term is highly unlikely. In a timeframe that matters to markets, Ireland has plenty of aid at its disposal.
Sensible Stories
By , The Wall Street Journal, 11/12/2010
MarketMinder's View: Germany appears on track for continued growth.
Sensible Stories
By , Bloomberg, 11/12/2010
MarketMinder's View: “East European economies expanded more than forecast in the third quarter as Germany, the region’s biggest export market, forecasts the fastest growth since 1991.” Excellent news for the European economies!
Sensible Stories
By , International Business Times, 11/12/2010
MarketMinder's View: As economies recover at different paces, their employment situations will improve at different paces. Most importantly, employment improvement lags overall economic improvement just about everywhere.
Market Misperceptions
By , The Independent, 11/12/2010
MarketMinder's View: The big budget deficit is mostly a result of reduced tax revenues as a result of recession and stimulus spending. As the economy revives and stimulus spending ends, the budget deficit will shrink—very little “sacrifice” required.
Sensible Stories
By , CNN Money, 11/12/2010
MarketMinder's View: As usual, the currency brouhaha is all bark and no bite. A currency war would do nothing, but harm all parties involved. For more, see our 10/26/2010 cover story, “Currency ‘Clash’.”
Market Misperceptions
By , The New Republic, 11/11/2010
MarketMinder's View:
While it’s true the recent recession wasn’t driven by government deficits/debts, everything else in this article is worthy of ignoring. Banks didn’t band together in some kind of conspiracy to take down the economy. How does that serve their interests? And China holding our assets doesn’t make us less wealthy. Quite the reverse! We pay them a very low rate and get a nice return on our assets. Nice illustration, though.
Market Misperceptions
By , Time, 11/11/2010
MarketMinder's View: Whatever your view of Sarah Palin and the Tea Party, a few things are clear: They don’t control money supply, the velocity of money, or the production of goods/services. Inflation is a monetary phenomenon, not a political one.
Sensible Stories
By , Bloomberg, 11/11/2010
MarketMinder's View: Let the gridlock begin. This is typical of legislation likely to wind up mired in political muck over the next 12-24 months—which is historically a good period for stocks. For more, see our 11/04/2010 cover story “A Lifting Political Pall.”
Sensible Stories
By , Global Post, 11/11/2010
MarketMinder's View: Gold may be in a bubble, maybe not. It could keep rising for some time. But there’s nothing inherently less risky about this shiny commodity. It is, after all, just an industrial commodity popular for adornment. For more, see today’s cover story, “Cause and Effect?”
Sensible Stories
By , The Washington Post, 11/11/2010
MarketMinder's View: This is disappointing in the near term, but with the US lagging the current free-trade push globally, we’re hopeful this deal, and others like it, will be resurrected.
Market Misperceptions
By , Fortune , 11/11/2010
MarketMinder's View:
“Thursday's upgrade from Moody's has little immediate impact for China's financing needs, as China runs a huge trade surplus and has little debt outstanding.” Again, we have to ask why anyone pays much attention to the ratings agencies. Their grades are based on what’s already largely known, aren’t forward looking, and can be driven by fairly meaningless metrics. For more, see our 04/12/2010 cover story, “Extra-Special Bulletproof.”
 
Sensible Stories
By , Reuters, 11/11/2010
MarketMinder's View: In our view, Basel III was nowhere near as onerous as it could have been—which is good. But naturally, any major regulatory overhaul will be rife with unintended consequences, special exceptions, etc. Don’t expect this to forestall future credit disruptions, just as no regulations in the past prevented 2008.
Market Misperceptions
By , MarketWatch, 11/10/2010
MarketMinder's View:
Ignore the political posturing by China’s wholly owned (and only) rating agency downgrading US debt—especially in the run up to the G-20 summit.
Sensible Stories
By , CNN Money, 11/10/2010
MarketMinder's View: We love hearing good news on the employment front. But remember, employment is a lagging economic indicator. Growth creates jobs, and unemployment numbers won’t start to consistently fall until long after stock markets and the broader economy have turned around.
Market Misperceptions
By , MarketWatch, 11/10/2010
MarketMinder's View:
The G-20 summit is finally here. The best we can hope for from this glorified photo-op is the political envoys tone down the currency rhetoric and focus on making languishing FTAs a reality. For more, see our 11/09/2010 cover story, “Trade Talks.”
Market Misperceptions
By , Reuters, 11/10/2010
MarketMinder's View:
Troubles continue on the Emerald Isle, but the likelihood of a near-term Irish default (or any PIIGS country for that matter) is slim to none. For more, see today’s cover story, “Debating the Euro.”
Market Misperceptions
By , The Telegraph, 11/10/2010
MarketMinder's View:
Purchasing power parity is a wonky measure of economic size. But no matter how you measure it, China will eventually overtake the US as the world’s largest economy. But who cares? China’s growth doesn’t come at our detriment. In fact, a growing Chinese economy will help boost the US economy.
Sensible Stories
By , Associated Press, 11/10/2010
MarketMinder's View: The recovery in Europe’s largest economy continues—and proves to the rest of the world prosperity is possible despite ongoing trouble spots. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Market Misperceptions
By , The Chicago Tribune, 11/10/2010
MarketMinder's View:
Investor skepticism after one of the biggest recessions and bear markets in history isn’t surprising. Stock investing is volatile, and investors who wait around for a mythical “all-clear” signal or try to time corrections risk getting whipsawed. For more, see our 11/05/2010 cover story, “Officially Corrected.”
Sensible Stories
By , Marginal Revolution , 11/10/2010
MarketMinder's View: The headline pretty much says it all: “Don’t flip out over QEII.” While we don’t think additional easing is necessary—there’s plenty of liquidity already—the short-term effects shouldn’t be detrimental. For more, see our 11/04/2010 cover story, “A Lifting Political Pall.”
Sensible Stories
By , SmartMoney, 11/10/2010
MarketMinder's View: This list is far from exhaustive, but here are four cogent reasons why the recovery is for real.
Sensible Stories
By , The Australian, 11/10/2010
MarketMinder's View: More free trade? That’s music to our ears! See our 11/09/2010 cover story, “Trade Talks,” for more.
Sensible Stories
By , Financial Times , 11/09/2010
MarketMinder's View: The US is firmly in recovery mode, as evidenced by several quarters of continued GDP growth, increased manufacturing numbers, improving jobs numbers, and other positive economic data.
Sensible Stories
By , International Business Times, 11/09/2010
MarketMinder's View: Free trade continues to make progress, which is good for markets and the global economy. See today’s cover story, “Trade Talks,” for more.
Market Misperceptions
By , Business Insider, 11/09/2010
MarketMinder's View:
Five quarters of economic growth and GDP very close to all-time highs say differently. This is just another variation of the “it’s different this time” argument looking for the “next shoe to drop.” Ignore.
Market Misperceptions
By , Seeking Alpha, 11/09/2010
MarketMinder's View:
What inflation? As of now, inflation is extremely low—and while problematic inflation may or may not arise in the future, we still have quite a while to go to get there.
Sensible Stories
By , Bloomberg, 11/09/2010
MarketMinder's View: Good thing—after all, who’s to say what the ideal target is? And how is that determined? It’s nearly impossible to force markets and trade to balance. See today’s cover story, “Trade Talks,” for more.
Market Misperceptions
By , MarketWatch, 11/09/2010
MarketMinder's View:
Limiting bankers’ pay will simply push talent out of an industry that needs it into less regulated parts of the industry or the world.
Sensible Stories
By , The Wall Street Journal, 11/09/2010
MarketMinder's View: “Inventories at US wholesalers grew more than twice as much as expected in September, a sign companies have confidence demand will hold up as the economy recovers.” Yep.
Sensible Stories
By , The Wall Street Journal , 11/08/2010
MarketMinder's View: Regulations between the US and South Korea are loosening—and this makes sense, economically, for both sides.
Sensible Stories
By , Bloomberg, 11/08/2010
MarketMinder's View: Thank goodness. The suggestion we should somehow “cap” the free flow of imports and exports is, in a word, insane.
Market Misperceptions
By , MarketWatch, 11/08/2010
MarketMinder's View: We rather doubt it. This round likely isn’t needed but isn’t terribly harmful. Also, if China is worried about the impact on the dollar, they could always loosen their peg!
Sensible Stories
By , The Wall Street Journal, 11/08/2010
MarketMinder's View: More restrictions being lifted in the trade world—a good thing.
Market Misperceptions
By , Bloomberg, 11/08/2010
MarketMinder's View:
One month’s data is hardly predictive looking forward. It’s natural for metrics to expand for awhile, then take a breather.
Market Misperceptions
By , The New York Times, 11/08/2010
MarketMinder's View:
Considering the recession ended in June 2009, we’re near past GDP peaks, and stocks are up massively since, it’s more than a bit overwrought to continue baseless comparisons to the Great Depression.
Market Misperceptions
By , Reuters, 11/08/2010
MarketMinder's View:
HA! Ok, moving on.
Sensible Stories
By , MarketWatch, 11/05/2010
MarketMinder's View: Japan holds rates steady as plans for further quantitative easing unfold.
Sensible Stories
By , Bloomberg, 11/05/2010
MarketMinder's View: A continued global bull market led by Emerging Markets? Check.
Sensible Stories
By , Bloomberg, 11/05/2010
MarketMinder's View: Widely labeled as “the next shoe to drop,” the US commercial real estate market has actually dramatically improved in recent quarters. Another brick in the wall of worry.
Sensible Stories
By , Reuters, 11/05/2010
MarketMinder's View: We’d note, ignoring Census distortions, private firms increased payrolls every month this year. October doubling expectations shows just how downbeat jobs sentiment has been.
Market Misperceptions
By , The Telegraph, 11/05/2010
MarketMinder's View: That there’s some golden global balance is silly. Markets are always in the process of balancing, but are never balanced. Dollar, yen, euro, SDRs—whatever is best for trade will be used. Shifting to something else is no tragedy, but it won’t happen yet.
Market Misperceptions
By , The Washington Post, 11/05/2010
MarketMinder's View: “Recovery will be a long, hard slog, and our national mood could make the difference between success and failure.” Consumer sentiment has very little effect on forward stock returns. It’s fixated on what’s just passed, not what’s to come—and is always in the dumps after a downturn.
Market Misperceptions
By , Real Clear Markets, 11/05/2010
MarketMinder's View:
This assumes we’re in a hole and can’t get out—which is wrong. Nominal GDP has recovered all it lost and real GDP should soon do the same. Employment is lagging, as always, but private payrolls have improved all year. QE2 won’t do much the economy isn’t already doing for itself.
Market Misperceptions
By , Minyanville, 11/05/2010
MarketMinder's View: Such sensational arguments are very, very common after bear markets and recessions. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Market Misperceptions
By , The Washington Post, 11/04/2010
MarketMinder's View:
This number fluctuates quite a bit week to week. Pay no attention to short-term, backward-looking data like jobless numbers—they tell nothing about the future.
Sensible Stories
By , RTT News, 11/04/2010
MarketMinder's View: As we’ve seen in recent quarters, productivity gains help firms make profits amid even moderate economic and revenue growth.
Sensible Stories
By , The New York Times, 11/04/2010
MarketMinder's View: After the Fed restarted quantitative easing, the Bank of England and European Central Bank opted to keep already accommodative policy in place.
Market Misperceptions
By , International Business Times, 11/04/2010
MarketMinder's View:
Actually, historically, gridlock has been good for stocks and the economy. Government doesn’t come to standstill, but negotiation filters out or files down extreme legislation. See today’s cover story, “A Lifting Political Pall,” for more.
Sensible Stories
By , MarketWatch, 11/04/2010
MarketMinder's View: Additional quantitative easing isn’t necessary in our view, but the latest move by the Fed shouldn’t be overly harmful in the near term. The longer-term inflationary impact depends on future policy decisions.
Sensible Stories
By , The New York Times, 11/04/2010
MarketMinder's View: Out of the 183 surveyed economies, 117 made “it easier to start and operate a business.” That’s regulation we can get behind.
Market Misperceptions
By , The New York Times , 11/04/2010
MarketMinder's View:
Here’s a negative spin on good news: Consumer spending contributed significantly to Q3 GDP and rose solidly in October—who cares if it’s because of sales! Finding the right price is good business. If consumers were really down, they’d be ratcheting back, not loading up.
Market Misperceptions
By , Seeking Alpha, 11/03/2010
MarketMinder's View:
This is the same old story about the “next shoe.” How many next shoes are we supposed to wait for? Fact is, stocks have shown throughout history to love gridlock. Those arguing otherwise haven’t checked the data.
Sensible Stories
By , The Wall Street Journal, 11/03/2010
MarketMinder's View: Some details on what could unfold today at the Fed.
Market Misperceptions
By , Bloomberg, 11/03/2010
MarketMinder's View:
Wait...did we have a big inflation problem in 2004? Answer? No. We’d also point out the article’s comment that “he (Bernanke) and other central bankers kept rates near a record low as inflation rose faster than initially measured” is wrong. Bernanke was not the Fed Chair in 2004, so frankly he didn’t keep rates anywhere.
Market Misperceptions
By , The Street, 11/03/2010
MarketMinder's View:
According to ADP reports, the private sector added 43,000 jobs in October. This is a positive development, but remember, changes in employment levels following a recession are a lagging, not leading, indicator.
Sensible Stories
By , Bloomberg, 11/03/2010
MarketMinder's View: “Service companies in the US expanded in October at the fastest pace in three months, indicating the recovery may be starting to strengthen.” Yet again, this recovery is showing it’s got legs.
Sensible Stories
By , International Business Times, 11/03/2010
MarketMinder's View: October growth in new German orders was strong as manufacturing increased for the first time in three months. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , The Guardian, 11/03/2010
MarketMinder's View: More growth from across the pond as the UK service sector makes significant headway toward recovery.
Market Misperceptions
By , The Motley Fool, 11/02/2010
MarketMinder's View:
Shopping at overpriced supermarkets will make anyone believe inflation is running roughshod over the US economy. Ignore anecdotal evidence and look at the facts—CPI inched up just 1.1% in the past year. Inflation may be an issue down the road, but for the time being it is not the threat many believe it to be. 
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Global manufacturing remains strongly in expansionary territory—another bullish sign, among many, for the global economy.
Market Misperceptions
By , Seeking Alpha, 11/02/2010
MarketMinder's View:
QE2, which is looking more and more like a possibility, will likely not be overly harmful if pursued by the Fed. For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Many investors falsely believe bonds are a universally "safe" investment. Here’s a great illustration of why bonds aren’t always so "safe."
Sensible Stories
By , Seeking Alpha, 11/02/2010
MarketMinder's View: Another strong quarter for US corporate earnings: “70% of S&P 500 index companies have reported third quarter profits so far, and earnings are up 30% year-over-year.”
Market Misperceptions
By , Guardian, 11/02/2010
MarketMinder's View:
We couldn’t agree more with the headline. But the idea of expanding the IMF into a “new global reserve system” in order to combat exchange rate volatility is simply ridiculous. Please ignore.
Sensible Stories
By , The Christian Science Monitor, 11/02/2010
MarketMinder's View: Bring on the political gridlock! For more, see today’s cover story, "Donkeys, Elephants, and Bulls. (Oh My)."
Market Misperceptions
By , Spiegel Online, 11/02/2010
MarketMinder's View:
Ignore dour “this time is different” sentiment. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Sensible Stories
By , The Wall Street Journal , 11/02/2010
MarketMinder's View: Thus far, central banks in fast growing Emerging Markets are doing a commendable job staving off inflation.
Market Misperceptions
By , Associated Press, 11/02/2010
MarketMinder's View:
Political gridlock? That’s music to our ears! For more, see today’s cover story, “Donkeys, Elephants, and Bulls. (Oh My).”
Sensible Stories
By , Bloomberg, 11/02/2010
MarketMinder's View: The continued evidence of positive underlying economic fundamentals is all but ending the talk of a double-dip recession in Europe.
Market Misperceptions
By , International Business Times, 11/02/2010
MarketMinder's View:
Be wary of gold bugs (and anyone—gold bug or otherwise—making outlandish predictions for that matter). Gold is just a commodity subject to the same macroeconomic factors as any other commodity.
Market Misperceptions
By , Daily Finance, 11/01/2010
MarketMinder's View:
Let’s just add another “scary” technical analysis to the others (Hindenberg Omen, death cross, head-and shoulders pattern), which also haven’t come to pass. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.”
Market Misperceptions
By , Bloomberg, 11/01/2010
MarketMinder's View:
This article fails to note consumer spending is a hair below its all-time high! Things aren’t as dour as many believe.
Market Misperceptions
By , The Wall Street Journal, 11/01/2010
MarketMinder's View:
Folks who believe gridlock is bad for markets haven’t checked their history. The third year of a president’s term is usually characterized by increasing gridlock and great stock returns. That’s straight ahead in 2011.
Market Misperceptions
By , Seeking Alpha , 11/01/2010
MarketMinder's View:
As we’ve said, QE2, while not necessary to maintain growth, shouldn’t trigger a market correction.  For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Sensible Stories
By , The Huffington Post, 11/01/2010
MarketMinder's View: Folks continue to bemoan the lack of available credit, but lending continues to increase. For more, see our 09/23/2010 cover story, “Credit Where Credit’s Due.”
Sensible Stories
By , Bloomberg, 11/01/2010
MarketMinder's View: Nice factual recap of GDP, unemployment, and stocks’ historical performance. We’d also add there’s vast evidence a divided government leads to more bullish stock returns.
Market Misperceptions
By , Reuters, 11/01/2010
MarketMinder's View:
Consumer sentiment is a backward-looking, broken indicator. It says nothing about where stocks are heading.
Sensible Stories
By , Associated Press, 11/01/2010
MarketMinder's View: New orders for all goods and exports jumped to their highest level since January 2009, more evidence the economy overall is healthier than many fathom.
Sensible Stories
By , International Business Times , 10/29/2010
MarketMinder's View: “History indicates, but does not guarantee, that once the uncertainty of the mid-term elections has ended, the equity market breathes a sigh of relief and begins a meaningful move higher.” Exactly. The increased gridlock that tends to follow midterms is usually good news for stocks.
Market Misperceptions
By , The Globe and Mail, 10/29/2010
MarketMinder's View:
Ah, Dr. Doom is at it again. Who’s surprised by his overly dour outlook on the US economy? Such sensational headlines (with little supporting evidence or acknowledgement such forecasts have been wrong for some time now) contribute to the wall of worry stocks love to climb.
Sensible Stories
By , The Wall Street Journal, 10/29/2010
MarketMinder's View: EU leaders are taking matters into their own hands as a plan for a permanent bailout fund is put into place—this is worth keeping an eye on.
Sensible Stories
By , The Wall Street Journal, 10/29/2010
MarketMinder's View: And to think, a few years ago people feared auto giant GM was dead! Even the beleaguered automakers are making strides paying back the US government.
Sensible Stories
By , The Wall Street Journal, 10/29/2010
MarketMinder's View: The EU gets some positive news as the outlook on manufacturing largely improves.
Sensible Stories
By , Bloomberg, 10/29/2010
MarketMinder's View: A pleasant surprise: US GDP grew in Q3 largely driven by consumer spending—a welcoming sign the consumer is alive and well as the recovery continues. For more, see our 10/27/2010 cover story, “All Is Never Well.”
Market Misperceptions
By , Bloomberg, 10/29/2010
MarketMinder's View: This article lays out many worst-case scenarios for the economy without any logical assessment of the probabilities of these scenarios unfolding. In our view, these risks have exceptionally low probabilities of occurring over any timeframe that matters to stocks. For more, see our 10/26/2010 cover story, “Currency ‘Clash.’”
Market Misperceptions
By , CNN Money, 10/29/2010
MarketMinder's View: Don’t fret. A second round of QE isn’t necessary to sustain economic growth, and if executed, the small scale of the program will likely have very little impact. For more, see our 10/28/2010 cover story, “In Queue, QE2.”
Market Misperceptions
By , Barron’s, 10/29/2010
MarketMinder's View: We’d hardly agree markets have been running on “liquid courage.” Rather, stocks’ recent rise seems quite sober to us. Now is a good time to stay disciplined in the market and reap the benefits.
Sensible Stories
By , Daily Finance, 10/28/2010
MarketMinder's View: Looks like this “watched pot” is starting to bubble and numbers are moving in the right direction. See our 08/05/2010 cover story, “A Watched Pot Still Boils,” for more.
Sensible Stories
By , The Wall Street Journal, 10/28/2010
MarketMinder's View: Countries worldwide are putting free trade agreements in place. Fortunately, this puts pressure on the US to move forward with our languishing free trade agreements. See our 08/10/2010 cover story, “Got It Made With Global Trade,” for more.
Market Misperceptions
By , Barron’s, 10/28/2010
MarketMinder's View:
Investing can be uncomfortable, especially when markets are volatile. But continuously employing hedging techniques to try to tame market volatility can be extremely costly and a huge drag on returns.
Sensible Stories
By , RTT News, 10/28/2010
MarketMinder's View: “Most important reason for this improvement was increased financing needs for inventories and working capital.” Encouraging news from eurozone businesses. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , The Atlantic, 10/28/2010
MarketMinder's View: QE2, if enacted, will likely lack the “shock-and-awe” of 2009’s first round, as it should considering the economy is on much more stable ground today than during the financial panic. For more, see today’s cover story, “In Queue, QE2.”
Market Misperceptions
By , The Wall Street Journal, 10/28/2010
MarketMinder's View:
Whether we’d be better off on the gold standard is debatable, but it’s wrong to think the gold standard is the cure to all economic ills.
Market Misperceptions
By , Telegraph, 10/28/2010
MarketMinder's View:
Eurozone countries are having to make tough choices, but the region overall is on more stable ground. For more, see our 05/07/2010 cover story, “The Only Thing to Fear Is…Fear!”
Sensible Stories
By , Financial Times, 10/27/2010
MarketMinder's View: The good news is the tone of trade talks between the US and China shifted from “currency wars” to “good progress.” The bad news is politicians (the world over) are still fixated on the fictitious idea of “currency equilibrium.” For more, see our 10/26/10 cover story, “Currency Clash.”
Sensible Stories
By , Reuters, 10/27/2010
MarketMinder's View: Orders for US manufactured goods exceeded expectations in September—another bullish sign for the remainder of 2010.
Market Misperceptions
By , International Business Times, 10/27/2010
MarketMinder's View:
This is a great example of the prevailing dour market sentiment today. The article notes GDP is expected to grow in Q3 and consumers are continuing to spend, but somehow deflation is going to derail the recovery because consumer prices remained unchanged for two months in a row?
Sensible Stories
By , Reuters, 10/27/2010
MarketMinder's View: The Fed may or may not engage in additional quantitative easing, but either way, neither will likely be harmful given current conditions. For more, see our 10/13/10 cover story, “More Monetary Easing?”
Market Misperceptions
By , The Wall Street Journal , 10/27/2010
MarketMinder's View:
If we’ve learned one thing this year, it’s that the problems in Greece are serious—but not significant enough to impact the global economy at large. What economically happens in Greece, stays in Greece.
Market Misperceptions
By , Bloomberg, 10/27/2010
MarketMinder's View:
The record $1 trillion war chest of cash shows US firms are leaner and more efficient than ever, not anxious about growth. A trillion is an enormous amount of money that takes time to diffuse across the economy as firms spend on capital expenditures, R&D—and yes, hiring. Patience people!!!
Sensible Stories
By , Associated Press, 10/27/2010
MarketMinder's View: German unemployment dropped below levels not seen since November 2008. If it can happen in Germany, why not in the rest of the world? For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Market Misperceptions
By , MarketWatch, 10/27/2010
MarketMinder's View:
Ignore the zombie bit—calling Fed Chairman Bernanke a “desperate zombie” is a touch unfair. Skip to the more cogent part about the third year of a presidential cycle being historically strong for stocks and gold offering no safe haven for investors.
Market Misperceptions
By , Daily Finance, 10/27/2010
MarketMinder's View:
Simply, no. The government is allowing markets to function freely. Protectionists falsely believe keeping all jobs on US soil increases “the economic security of its citizens.” But in fact, protectionist policies ensure innovation and efficiency gains stop—often hurting the people they are intended to help.
Sensible Stories
By , Bloomberg, 10/27/2010
MarketMinder's View: Spain emerged from recession and embraced austerity—decreasing their budget deficit an impressive 42% in the first nine months of this year. It’s hard to imagine that earlier in 2010, many believed the PIIGS would be the eurozone’s downfall.
Market Misperceptions
By , The Globe and Mail , 10/27/2010
MarketMinder's View:
Lingering doubts about economic recovery, despite a mountain of evidence to the contrary, is actually bullish! Stocks can rise and bull markets can run—even in an imperfect world. For more, see today’s cover story, “All Is Never Well.” 
Sensible Stories
By , The Independent , 10/27/2010
MarketMinder's View: The UK continues to economically surprise on the upside. For more, see our 10/21/10 cover story, “No Pain, No Gain for Ye Olde Brits.”
Market Misperceptions
By , The New York Times, 10/26/2010
MarketMinder's View:
More proof credit rating agencies and their ratings don’t tell investors much about anything—this agency raised its rating after the UK reported better-than-expected economic growth, not before.
Sensible Stories
By , The Wall Street Journal, 10/26/2010
MarketMinder's View: Despite recent worries about the PIIGS, the eurozone continues its economic recovery just fine.
Market Misperceptions
By , The Wall Street Journal, 10/26/2010
MarketMinder's View:
Using “indicators” like the VIX to guide investing decisions could hurt more than help. The VIX is at worst a lagging indicator and at best a coincident one—and tells nothing about future stock market movements.
Sensible Stories
By , Telegraph, 10/26/2010
MarketMinder's View: More proof the global economy continues to recover at a faster pace than many expect.
Market Misperceptions
By , International Business Times, 10/26/2010
MarketMinder's View:
Actually, history has shown repeatedly markets cheer gridlock since there’s less chance any disruptive legislation will be passed. See our 09/28/2010 cover story, “Gridlock on the Beltway,” for more.
Market Misperceptions
By , Bloomberg, 10/26/2010
MarketMinder's View:
Actually, every drop of evidence points to free trade being a massive, net positive globally. And the last attempt to stifle free trade (Smoot-Hawley) was an unmitigated disaster. See our 10/08/2010 cover story, “Protectionist Hot Air,” for more.
Sensible Stories
By , The Motley Fool, 10/26/2010
MarketMinder's View: “No one—not even economists—fully understands how a complex, adaptive system like the US economy really works.” Exactly. Don’t forget—economists (even Nobel Prize winners) can be fooled by the complexity of the global economy.
Sensible Stories
By , USA Today, 10/26/2010
MarketMinder's View: Ignore the headline. This article highlights several major reasons why the US economic and stock market recovery will likely continue.
Sensible Stories
By , The Washington Times, 10/25/2010
MarketMinder's View: Precisely. The Smoot-Hawley Act ended up doing only bad for the economy. While solutions like this can seem politically expedient, they’re not the answer.
Market Misperceptions
By , The Economist , 10/25/2010
MarketMinder's View:
Gridlock? Good news! The market actually loves political gridlock. History shows equities love political gridlock. And, great news, the whole world is getting more gridlocked! For more, see our 09/28/2010 cover story, “Gridlock on the Beltway.”
Market Misperceptions
By , MarketWatch, 10/25/2010
MarketMinder's View:
This is good news—but keep in mind, the housing market needn’t bounce back huge for the economy to grow or markets to rise. For more, see our 09/28/2010 column, “Don’t Wait on Housing.”
Sensible Stories
By , The Globe and Mail, 10/25/2010
MarketMinder's View: Stocks are cheap and opportunities abound? Sure seems that way. For more, see our 10/01/2010 cover story, “No September Slump.”
Market Misperceptions
By , Daily Finance, 10/25/2010
MarketMinder's View:
We weren’t aware it was supposed to. Near term, currency movements are meaningless. Longer term, they don’t dictate market direction.
Market Misperceptions
By , The Washington Post, 10/25/2010
MarketMinder's View: We rather doubt the economy takes a turn for the worse in 2012, but anything can happen—and that’s still 2 years away! But the global economy won’t tank because of campaigning US politicians. The US economy is less than 25% of the world!
Sensible Stories
By , Bloomberg, 10/25/2010
MarketMinder's View: Sustained deflation continues to look like less and less of a risk.
Market Misperceptions
By , Bloomberg, 10/25/2010
MarketMinder's View:
Yet exports are still growing, and at a terrific pace! That the growth rate has cooled a bit from earlier, much faster levels isn’t alarming.
Sensible Stories
By , The Wall Street Journal, 10/22/2010
MarketMinder's View: Emerging Markets continue to lead the global economic recovery.
Market Misperceptions
By , The New York Times, 10/22/2010
MarketMinder's View: Don’t expect much to come out of the G-20 summit as usual, but the mere suggestion countries should inhibit global trade—a key component of the global economic recovery—by setting arbitrary trade balance targets is bad economic policy.
Sensible Stories
By , The Wall Street Journal, 10/22/2010
MarketMinder's View: Germany’s economic recovery continues—a positive sign the global economic recovery remains on track. See our 10/15/2010 cover story, “We’re All Jelly Donuts,” for more.
Market Misperceptions
By , International Business Times, 10/22/2010
MarketMinder's View: “Trade policy gets at the root of why the global economy is not growing right now.” Wrong, wrong, wrong. The global economy is growing nicely. And the notion countries with trade surpluses just stash cash away so it can’t be spent is preposterous. They invest that money, allowing countries like the US to borrow at low rates, and it’s spent elsewhere.
Sensible Stories
By , Bloomberg, 10/22/2010
MarketMinder's View: PIIGS fears have contributed mightily to market volatility this year. The realization PIIGS don’t pose a threat to the global economy should allow investors to focus on the growing global economy and positive market fundamentals. See our 06/15/2010 cover story, “We’re Not Out of the PIIGS Pen, Yet,” for more.
Sensible Stories
By , TheStreet, 10/22/2010
MarketMinder's View: “As long as there are brilliant, hard-working people with dreams, there will always be an undying entrepreneurial thirst that can only be quenched by free markets.” Yay for capitalism!
Market Misperceptions
By , Daily Finance, 10/22/2010
MarketMinder's View: Typical negative spin on positive news. Growth is growth—sometimes it’s faster, sometimes slower, but what matters is that the US economy is growing. And the global economy is growing even faster.
Market Misperceptions
By , The Motley Fool, 10/22/2010
MarketMinder's View: As this article rightly points out, there’s a big difference between a government saying it’s going to do something and actually doing it. Many investors now think gold provides “protection” against any sort of economic calamity. But when folks fail to see an asset’s risk, it’s often risky to invest in that asset.
Market Misperceptions
By , Seeking Alpha, 10/21/2010
MarketMinder's View: We’re confused about how a classic lagging indicator screams anything about any sort of forward-looking expectations. Yes, unemployment is agonizing for those who are unemployed, but it is utterly useless as a forward-looking capital markets indicator.
Sensible Stories
By , MSN Money, 10/21/2010
MarketMinder's View: “Because periods of deep underperformance tend not to last long, and they are typically followed by periods of massive outperformance by the stock market.” Couple that with midterms gridlock, and stocks should have plenty of room to grow.
Market Misperceptions
By , Reuters, 10/21/2010
MarketMinder's View: OK, but how people “feel” about the economy has nothing to do with how an economy is actually doing. Globally, GDP is expanding and expectations are for continued growth
Sensible Stories
By , CNN Money, 10/21/2010
MarketMinder's View: We concur—four excellent points supporting this bull market and why sentiment’s role in the stock market is overblown. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Sensible Stories
By , Associated Press , 10/21/2010
MarketMinder's View: Some will spin this to say growth is “slowing.” In our view, all signs point to continued expansion.
Market Misperceptions
By , Bloomberg, 10/21/2010
MarketMinder's View: Or better yet—it’s like “Back to the Future.” We should all buy DeLoreans, convert them to time machines, and get stock picks from the future. Even if this were true, what can anyone hope to do with a decent indicator that predicts movement in a faulty stock index over the next 2 to 6 days? It doesn’t say how much stocks will move or what the long-term trend is. Utterly useless for anyone investing capital long term.
Market Misperceptions
By , Telegraph, 10/21/2010
MarketMinder's View: Austerity cuts aren’t great. But this is all very backward-looking. Plus, it focuses solely on the negative side of spending cuts and not at all on the upside of increased privatization. For more, see today’s cover story, “No Pain, No Gain for Ye Olde Brits?”
Sensible Stories
By , The New York Times, 10/21/2010
MarketMinder's View: Chinese growth continues apace even as Chinese authorities attempt to prevent overheating. We see nothing so scary about robust growth from an Emerging Market—it’s to be expected. For more, see our 10/20/2010 cover story, “The Great Monetary Wall.”
Sensible Stories
By , Portfolio.com, 10/20/2010
MarketMinder's View: Industrial companies are finding “pockets of growth in the still-uncertain US economy” and that “emerging market demand had offset continued weakness at home”—a bullish signal.
Sensible Stories
By , The Wall Street Journal, 10/20/2010
MarketMinder's View: Onerous taxes on US corporations repatriating foreign gains are a great example of ill-conceived economic policy. This makes so much darn sense, it’s no wonder politicians can’t imagine doing it.
Sensible Stories
By , MarketWatch, 10/20/2010
MarketMinder's View: A little more confidence in Emerging Markets, which are leading the global economic recovery, shows increased risk appetite—good news for equities. For more, see our 10/07/2010 cover story, “Surge of the Emerging.”
Market Misperceptions
By , Bloomberg, 10/20/2010
MarketMinder's View:
China’s interest rate increase surprised investors and fueled the conflicted monetary debate over whether China will do too much or too little. For more, see today’s cover story, “The Great Monetary Wall.”
Market Misperceptions
By , Foreign Policy, 10/20/2010
MarketMinder's View:
Ignore the assertion unemployment is the “best barometer a country has about the state of its economy.” Unemployment is a lagging statistic that tells us little about the present and less about what’s to come.
Market Misperceptions
By , Morningstar, 10/20/2010
MarketMinder's View:
Concentrating a stock portfolio in one country—even one as big as the US—is a common investor mistake that increases, not decreases, risk.
Market Misperceptions
By , Seeking Alpha, 10/20/2010
MarketMinder's View:
We’d advise against relying on technical analysis to forecast stocks. For more, see our 10/18/2010 cover story, “A Recent History of Technical Analysis’ Recent History Lessons.” 
Sensible Stories
By , Bloomberg, 10/20/2010
MarketMinder's View: It turns out TARP wasn’t the disaster many feared and actually earned the government $25.5 billion on its $309 billion investment. For more, see our 10/04/2010 cover story, “One Less Four-Letter Word.”
Market Misperceptions
By , Time, 10/20/2010
MarketMinder's View:
“The idea of civil war over economic issues doesn't seem that far-fetched these days.” This shows just how dour sentiment is right now—not only is the idea far-fetched, it’s utterly ridiculous.  
Sensible Stories
By , RTT News, 10/20/2010
MarketMinder's View: Strong economic growth continues for our neighbors to the north. Canadian wholesaler sales handily beat expectations in August and are up over 7.5% year-over-year.
Market Misperceptions
By , American Thinker, 10/19/2010
MarketMinder's View: Exceptionally loose monetary policy can result in distortions if left in place too long, but extremely low interest rates and an inflated Fed balance sheet are appropriate in the current economic environment.
Market Misperceptions
By , Minyanville , 10/19/2010
MarketMinder's View:
Again, spinning positive retail news to foster fear. Bottom line: The retail industry is recovering and the consumer is alive and well.
Sensible Stories
By , International Business Times, 10/19/2010
MarketMinder's View: Developing economies continue to lead the global economic recovery.
Market Misperceptions
By , Investor’s Business Daily, 10/19/2010
MarketMinder's View: Sure, this doesn’t seem much like positive news, but economic indicators such as this fluctuate month to month and hardly tell us much about the market overall. For more, see today’s cover story, “Production Chugs Along.”
Sensible Stories
By , Reuters, 10/19/2010
MarketMinder's View: China’s central bank is taking measures to ward off inflation—this is worth keeping an eye on.
Market Misperceptions
By , CNBC, 10/19/2010
MarketMinder's View: So German austerity is bad but so is overspending in the US? This is the pessimism of disbelief at work. For more, see our 10/15/2010 cover story, “We’re All Jelly Donuts.”
Sensible Stories
By , Moneywatch, 10/19/2010
MarketMinder's View: “Unfortunately, the evidence from academic studies is that individuals invest as if driving forward while looking at their rear view mirror. They buy after periods of strong performance and sell after markets have experienced steep losses.” Exactly. Don’t look so hard in your rear view mirror—it’s a sure way to miss out on strong market returns.
Sensible Stories
By , Bloomberg, 10/19/2010
MarketMinder's View: Home construction is on the rise as the housing market shows signs of stabilizing.
Market Misperceptions
By , Wall Street Journal, 10/18/2010
MarketMinder's View:
This title is incorrect. It should be “Pension Funds Fled Stocks.” Yep! They did, and so did a lot of investors during the bear market. And a great time to buy stocks is when demand is low, not the reverse.
Market Misperceptions
By , Seeking Alpha, 10/18/2010
MarketMinder's View:
First it was May, then September, and now it’s November? One month is never inherently worse than any other month. Ignore these silly investing myths. For more, see our 10/01/2010 cover story, “No September Slump.”
Market Misperceptions
By , Bloomberg, 10/18/2010
MarketMinder's View:
Sure, production numbers may ebb and flow from month to month, but this hardly means production is cooling off—particularly after the strong gains we’ve seen.
Market Misperceptions
By , The New York Times, 10/18/2010
MarketMinder's View:
There’s a lot puzzling about this article. For one, we could mine our own rare earths, but we don’t. Why? We can get them cheaper and easier from China. Good for China! And good for us! Their mining activity creates jobs there and allows for greater productivity here. We fail to understand what is so bad about that.
Sensible Stories
By , The Wall Street Journal, 10/18/2010
MarketMinder's View: The consumer lives! Consumers are healthier than most people realize, particularly at the global level.
Sensible Stories
By , SME Times, 10/18/2010
MarketMinder's View: Global exports over the past several months are up—evidence of the ongoing economic recovery.
Sensible Stories
By , Bloomberg, 10/18/2010
MarketMinder's View: Many still have a strong appetite for US debt—August saw a significant increase, with China remaining the top holder of US Treasuries for the second straight month.
Market Misperceptions
By , CNN Money, 10/18/2010
MarketMinder's View: “Just a few years back it would have been hard to imagine that talk of a full-blown US fiscal crisis would be anything other than fear mongering. Now, however, these scenarios are starting to feel alarmingly possible.” People seem to be missing one key thing—our recovering economy.
Sensible Stories
By , MarketWatch, 10/18/2010
MarketMinder's View: “The index for US consumer prices rose 0.1% in September, supported by gains in food and gasoline.” Core prices were flat. Not deflation, and certainly nothing like hyperinflation.
Market Misperceptions
By , Barron’s, 10/15/2010
MarketMinder's View: “Investors should not assume that the buy-and-hold strategy is back from the dead. One day, the pumps will run dry.” There are always, always risks. That’s nothing new. But investors must decide if near-term risks are worth the greater likelihood of superior long-term returns in stocks.
Market Misperceptions
By , MarketWatch, 10/15/2010
MarketMinder's View: Unemployment is painful. However, high unemployment is just normal following recessions. Historically, first the economy recovers, then the job market. For more, see our 10/11/2010 cover story, “It’s USA. Not USSA.”
Market Misperceptions
By , CNN Money, 10/15/2010
MarketMinder's View: True! Plus, we don’t need any magic. We are very near (if not in fact higher than) the past peak in economic output. Globally, we’ve passed the previous peak!
Sensible Stories
By , Daily Finance, 10/15/2010
MarketMinder's View: Folks fearing the Fed is out of ammo are just wrong. The Fed has many tools at its disposal.
Sensible Stories
By , Bloomberg, 10/15/2010
MarketMinder's View: Weakened consumer spending fears continue to be proven wrong. Consumers aren’t dead, but alive and well!
Market Misperceptions
By , Reuters, 10/15/2010
MarketMinder's View: An all-out trade war is a lose-lose situation for any country, and knowing this, they won’t likely engage in one anytime soon.
Sensible Stories
By , CNBC, 10/15/2010
MarketMinder's View: Yes, yes, yes. This is a terrific take on why bears seem more “popular” than bulls.
Sensible Stories
By , The Wall Street Journal, 10/15/2010
MarketMinder's View: The Emerging Markets’ robust economic recovery continues to manifest in stock returns.
Market Misperceptions
By , The New York Times, 10/14/2010
MarketMinder's View:
This is likely to turn into a finger-pointing blame game, but is it enough to derail stocks’ forward momentum? Not likely.
Market Misperceptions
By , The Guardian, 10/14/2010
MarketMinder's View:
It is consumer confidence this article discusses, not spending statistics. Watch what consumers do, not what they say they’re going to do—the latter is very fickle and a poor indicator of future spending behavior.
Sensible Stories
By , Telegraph, 10/14/2010
MarketMinder's View: The adage “necessity is the mother of invention” comes to mind. During tough times, human resilience and innovation rise to the occasion.
Sensible Stories
By , SmartMoney, 10/14/2010
MarketMinder's View: “While the stock market can do almost anything in the short term, in the long term, returns stick closer to historical averages, so the analysts who express this view have math, and history, on their side.” Exactly. We couldn’t agree more!
Sensible Stories
By , The Motley Fool, 10/14/2010
MarketMinder's View: “So if gold isn't really a commodity or a currency then what is it? It's a fear gauge. When investors are feeling fearful about the future, they turn to gold.” Enough said. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Market Misperceptions
By , Seeking Alpha, 10/14/2010
MarketMinder's View: “The experts say the Fed QE2 will have only approximately a +.2% effect on GDP.” Is that so? The “experts” can somehow forecast the impact of a program of unknown size and composition that hasn’t been announced yet. Simply amazing. Totally ridiculous, but amazing.
Market Misperceptions
By , International Business Times, 10/14/2010
MarketMinder's View:
The implication here is a double dip is coming and the government needs to do something about it. We say hogwash. The global economy is growing nicely, the financial system is on much more solid ground, corporate balance sheets are healthy and earnings booming, and global trade has reaccelerated. These and many other factors indicate the chance of a double dip is exceptionally low.
Sensible Stories
By , Bloomberg, 10/14/2010
MarketMinder's View: Fears about the US trade gap are misguided. Fact is, strong demand for foreign goods reflects an improving economy. And global trade is booming—a positive sign for the global economy.
Sensible Stories
By , The Economist , 10/13/2010
MarketMinder's View: Germany continues to lead the recovery in Europe—posting impressive growth figures that are some of the best since reunification.
Market Misperceptions
By , Blogging Stocks, 10/13/2010
MarketMinder's View:
Maybe this is the Fed’s work—but the Fed hasn’t changed its monetary stance over the period in question. The euro crisis (likely more responsible for prior dollar gains) has ended and since driven dollar weakness. Long term, neither matters much for global investors—currency movements cancel over time.
Sensible Stories
By , The Wall Street Journal , 10/13/2010
MarketMinder's View: Eurozone industrial production beat expectations in August as this sector continues to play an important role in the European (and global) recovery.
Sensible Stories
By , The Big Picture, 10/13/2010
MarketMinder's View: Here’s a sensible reflection: “The bottom line remains: Excessive pessimism, under-invested Main St, a gradually improving economy, backwards looking sentiment, and a flood of liquidity continues to make it challenging to be short this market.” For more, see our 10/01/2010 cover story, “No September Slump.”
Sensible Stories
By , MarketWatch, 10/13/2010
MarketMinder's View: Quantitative easing may or may not be needed, but likely won’t be detrimental if enacted. For more, see today’s cover story, “More Monetary Easing?”
Market Misperceptions
By , The New York Times, 10/13/2010
MarketMinder's View:
Segments of the economy continue to struggle, but broad recovery is further along than many are willing to admit. For more, see our 09/29/2010 cover story, “The Semantics of Recovery.”
Market Misperceptions
By , The Wall Street Journal , 10/13/2010
MarketMinder's View:
It’s nice this article concedes the VIX is not “gospel.” But we’d take this sentiment a step further and remind readers the VIX is useless as a predictive measure for stocks.
Sensible Stories
By , Bloomberg, 10/13/2010
MarketMinder's View: Treasury Secretary Geithner acknowledged China needs “independence” to set its own economic policy. This is a welcome break from harsh commentary on China recently heard inside the beltway. For more, see our 09/30/2010 cover story, “The Threat of Tit for Tat.”
Market Misperceptions
By , Guardian, 10/13/2010
MarketMinder's View:
Folks sure are dour. One month of declining exports in the UK doesn’t necessarily signal “an end to a resurgence” for the British economy.
Market Misperceptions
By , Associated Press, 10/12/2010
MarketMinder's View:
A forecast is simply a best guess as to what will happen—and often, as is the case here, that guess is predicated on what’s just happened, not what’s most likely to come.
Sensible Stories
By , The New York Times, 10/12/2010
MarketMinder's View: Though we think proposed tax policy changes won’t make or break the economy or market, here’s a great article detailing why higher taxes can be detrimental. See today’s cover story, “Of Taxes and Politics,” for more.
Market Misperceptions
By , Blogging Stocks, 10/12/2010
MarketMinder's View:
Finance firms invest in human capital to stay competitive. There will be smart and questionable investments, but banks know their business best and should be free to determine compensation.
Sensible Stories
By , Guardian, 10/12/2010
MarketMinder's View: Just like any economic indicator, this will have its quirks and bugs. But technology improving the timeliness of economic data can help improve market efficiency.
Sensible Stories
By , The Wall Street Journal, 10/12/2010
MarketMinder's View: The minutes from the Fed’s latest meeting confirm the central bank is debating how best to support recovery. For more, see our 09/22/2010 cover story, “Skin and Bones.”
Market Misperceptions
By , Telegraph, 10/12/2010
MarketMinder's View:
The US isn’t in such dire straits, but it needn’t tow the world anyway. Emerging Markets economies—which are posting fast growth—are together bigger than the US and only a little smaller than Europe.
Sensible Stories
By , Financial Times, 10/12/2010
MarketMinder's View: Greece received a significant bailout and is largely still staying away from markets. But falling short-term sovereign yields are a step in the right direction.
Sensible Stories
By , The New York Times, 10/11/2010
MarketMinder's View: As legislative uncertainty eases in the back half of presidential terms, stocks tend to do better. Historical precedent alone isn’t reason to be bullish, but added to healthy fundamentals, it makes a strong case.
Sensible Stories
By , Chicago Sun-Times, 10/11/2010
MarketMinder's View: “The most important thing is ‘time in the market,’ not ‘timing the market.’” Amen!
Sensible Stories
By , Fortune, 10/11/2010
MarketMinder's View: Emerging Markets have provided excellent investment opportunities in recent years, but there are still more benefits to be reaped. For more, see our 10/07/2010 cover story, “Surge of the Emerging.”
Market Misperceptions
By , MarketWatch, 10/11/2010
MarketMinder's View:
Along with other endlessly rehashed concerns, unemployment continues to be a hot topic, even as its power to hit markets appears to be waning. For more, see today’s cover story, “It’s USA. Not USSA.”
Sensible Stories
By , The Wall Street Journal, 10/11/2010
MarketMinder's View: It looks like the UK will implement promised budget cuts in some form or another, though monetary policy looks set to continue to be accommodative.
Market Misperceptions
By , The Wall Street Journal, 10/11/2010
MarketMinder's View:
Faster, slower—all recoveries regularly shift gears, and that shifting alone doesn’t tell us much.  
Market Misperceptions
By , Telegraph, 10/11/2010
MarketMinder's View: Tit for tat anti-trade policy only compounds the problem, benefiting nobody. Luckily, amid the rhetoric, we see plenty of free trade progress. For more, see our 09/16/2010 cover story, “Protectionist Hot Air.”
Market Misperceptions
By , CNN Money, 10/11/2010
MarketMinder's View:
Dow 11,000 is just another meaningless milestone investors shouldn’t get wrapped up in too much.
Market Misperceptions
By , Bloomberg, 10/08/2010
MarketMinder's View:
The same old worries seem to be losing their bite. Markets have lately moved ahead despite still-high unemployment, new PIIGS headlines, housing’s continued struggles, etc.    
Sensible Stories
By , The Motley Fool, 10/08/2010
MarketMinder's View: Don’t be fooled by the headline. We agree “if you equate volatility with risk, you probably shouldn’t be investing.” Short-term volatility is uncomfortable, but those who can look long term are duly rewarded.
Sensible Stories
By , The Associated Press, 10/08/2010
MarketMinder's View: Businesses are replenishing their inventories as sales increase—both positive signs for the recovering economy.
Market Misperceptions
By , BusinessWeek, 10/08/2010
MarketMinder's View: Analysts often miss the mark to the low side. 75% of reporting S&P 500 firms beat analyst expectations in Q2—the third consecutive quarter of 30%+ profit growth! Easing off that stellar (and rare) earnings pace hardly spells doom for stocks.
Market Misperceptions
By , New York Times , 10/08/2010
MarketMinder's View: Not seeing “ any light at the end of this tunnel” exemplifies just how dour folks are right now. Pervasive negative sentiment against a backdrop of improving fundamentals is bullish.
Sensible Stories
By , The Globe and Mail, 10/08/2010
MarketMinder's View: Japan continues efforts to stimulate its economy. For more, see our 10/06/2010 cover story, “Japan’s QE and ZIRP.”
Sensible Stories
By , The Wall Street Journal, 10/08/2010
MarketMinder's View: While public sector hiring has distorted unemployment data all year, the underlying picture is more encouraging. For more, see our 9/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , Blogging Stocks, 10/08/2010
MarketMinder's View: It’s true that “one positive or negative data point doesn’t make a trend.” But the rise in core durable goods bodes well for Q4 business investing and continued economic recovery.
Sensible Stories
By , Reuters, 10/08/2010
MarketMinder's View: With financial reform in the books, regulators are beginning to implement its provisions. Uncertainty should wane as more details emerge.
Sensible Stories
By , The Wall Street Journal, 10/07/2010
MarketMinder's View: Signs point toward recovery and this is no exception. Germany’s economy is expanding and industrial production was up 1.7% in August from the prior month.
Sensible Stories
By , Associated Press, 10/07/2010
MarketMinder's View: Consumers are alive and well! A recent influx of back-to-school shopping provides a positive outlook for the upcoming holiday season.
Market Misperceptions
By , Telegraph, 10/07/2010
MarketMinder's View:
Ireland is in headlines yet again for another downgrade—little has changed and all this does is put the most recent downgrade in line with others. For more, see our 08/27/2010 cover story, “Troubles on Emerald Isle?”
Sensible Stories
By , Bloomberg, 10/07/2010
MarketMinder's View: Global exchange rates are a hot topic, but their impact is mostly overblown. For more, see our cover stories, “Yen-tervention” (09/16/2010) and “Show Me the Yuan” (09/17/2010).
Sensible Stories
By , Reuters, 10/07/2010
MarketMinder's View: Central banks worldwide have made it clear they plan to keep rates accommodative as long as necessary.
Market Misperceptions
By , Financial Times , 10/07/2010
MarketMinder's View:
If EU taxes become too onerous, bankers will simply move elsewhere.
Sensible Stories
By , Business Insider, 10/07/2010
MarketMinder's View: Most banks have plenty of cash to lend, but uncertainty about the economy and regulatory environment has kept purse strings tight. As banks gain confidence and clarity, lending will increase.
Market Misperceptions
By , MarketWatch, 10/07/2010
MarketMinder's View:
The fiscal and monetary response to the financial crisis was swift and huge, but that doesn’t mean it gets everything back to normal immediately. As difficult as it may be, some patience is required. For more, see our 01/14/2009 cover story, “Patience With Punches.”
Market Misperceptions
By , MarketWatch, 10/07/2010
MarketMinder's View:
We’re not nearly on the brink of a currency war. Ignore these so-called “risks.”
Market Misperceptions
By , Dow Jones Newswires, 10/07/2010
MarketMinder's View:
Yes, it’ll be a while until unemployment is back to pre-crisis levels. But employment improvement always lags a broader economic recovery.
Sensible Stories
By , Daily Finance, 10/07/2010
MarketMinder's View: “The expectation for the quarter is that the rebound in corporate profits will continue apace.” This is bullish.
Sensible Stories
By , The New York Times, 10/06/2010
MarketMinder's View: The losses from the government’s response to the financial crisis are significantly less than originally feared. For more, see our 10/04/2010 cover story, “One Less Four-Letter Word.”
Market Misperceptions
By , The Wall Street Journal , 10/06/2010
MarketMinder's View: Once again, ratings agencies simply tell us what bond markets have signaled for a long time. Concerns about a near-term default by Ireland or any of the PIIGS countries are moot with the EU/IMF/ECB bailout package in place.
Sensible Stories
By , BloggingStocks, 10/06/2010
MarketMinder's View: Here’s the bottom line: Protectionist policies are harmful to growth. Imagine if Alexander Hamilton had his way—Massachusetts would still be competing for a share of global shoe manufacturing dollars.
Sensible Stories
By , Bloomberg, 10/06/2010
MarketMinder's View: Employment data show the labor market is restrained by a lack of hiring, not jobs cuts. With massive amounts of cash and an improving economy, businesses will eventually start hiring again. For more, see our 09/24/2010 cover story, “Reading Between the Unemployment Lines.”
Sensible Stories
By , Business Insider, 10/06/2010
MarketMinder's View: The chance of any of the PIIGS countries defaulting near term is basically nil with the EU/IMF/ECB bailout package in place.
Market Misperceptions
By , The Street, 10/06/2010
MarketMinder's View: Please ignore this tour de force of pessimistic and abstract (made up?) signs that are sure to “rapidly and chaotically” derail economic growth.
Market Misperceptions
By , Bloomberg, 10/06/2010
MarketMinder's View:
The latest round of China-bashing from Washington is potentially dangerous for global growth. For more, see our 09/30/2010 cover story, “The Threat of Tit for Tat.”
Market Misperceptions
By , The Globe and Mail, 10/06/2010
MarketMinder's View: The IMF cut its estimate for US growth to 2.6%, regurgitating pessimistic worries that global markets have weathered over and over again. For more, see our 09/10/2010 cover story, “Recycled Pessimism.”
Sensible Stories
By , Associated Press, 10/06/2010
MarketMinder's View: Don’t count the American consumer out—“clothing, electronics and online retailers all enjoyed sales gains in September.”
Sensible Stories
By , Reuters, 10/06/2010
MarketMinder's View: Germany continues to lead the European recovery as German manufacturing orders in August handily beat analysts’ expectations.
Sensible Stories
By , The New York Times, 10/05/2010
MarketMinder's View: Here’s a good look at why concerns regarding a yuan revaluation are overblown and by itself isn’t likely to have the profound impact many expect.
Market Misperceptions
By , Seeking Alpha, 10/05/2010
MarketMinder's View:
Actually, firms are spending—as evidenced by the recent uptick in share repurchases. Over time, companies will spend more of their cash hoard on M&As, growth, etc.—and the overall economy will benefit as all this money moves through the system. For more, see today’s cover story, “Paring Shares.”
Market Misperceptions
By , BloggingStocks, 10/05/2010
MarketMinder's View:
Isn’t this always true? The financial system is a key cog of the global economy. If one is doing poorly, the other likely is too. Fortunately, both are recovering nicely now. See our 09/03/2010 cover story, “A Nice Thought,” for more.
Market Misperceptions
By , Reuters, 10/05/2010
MarketMinder's View:
Ratings agencies have been cutting countries’ credit ratings willy-nilly (particularly for the PIIGS), but investor demand for sovereign debt remains healthy. See our 08/27/2010 cover story, “Troubles on the Emerald Isle?” for more.
Sensible Stories
By , Carpe Diem, 10/05/2010
MarketMinder's View: Makes sense. Businesses pay more taxes if they make more money. States collect more sales tax when people are spending. All good.
Sensible Stories
By , CFO Magazine, 10/05/2010
MarketMinder's View: “The overarching concern among finance executives … is that compliance will impose on banks heavy additional costs that they will pass along to their customers—making financial services, and bank credit, harder to get and more expensive.” Agreed. Onerous and expensive legislation isn’t necessarily the best solution—particularly in the midst of an economic recovery.
Sensible Stories
By , BBC News, 10/05/2010
MarketMinder's View: Expect central banks worldwide to maintain easy monetary policies until the global economy strengthens further.
Market Misperceptions
By , Associated Press, 10/05/2010
MarketMinder's View:
While we agree with Bernanke’s belief that “the government shouldn’t raise taxes or slash spending now because the economic recovery is still too fragile,” we don’t believe the deficit is much to worry about. Eventually, debt accumulation could be a problem, but the US isn’t close to problematic levels presently. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.”
Sensible Stories
By , Financial Times, 10/04/2010
MarketMinder's View: "However, should the strongest recovery in 25 years be widely considered the worst ever, and should it rationally be portrayed as a ‘new’ normal?” We think not. And rational folks agree.
Market Misperceptions
By , TheStreet, 10/04/2010
MarketMinder's View: Keep in mind that banks are businesses—and well-run businesses succeed and mismanaged businesses fail. Bank failures, especially small regional banks, are typical and should be expected following a credit crisis, and they aren’t a predictor of doom going forward.
Market Misperceptions
By , Huffington Post, 10/04/2010
MarketMinder's View: An interesting spin, but history has shown protectionism is never the weapon of choice. For more, see our 09/30/2010 cover story, “The Threat of Tit for Tat.”
Market Misperceptions
By , Time, 10/04/2010
MarketMinder's View:
Absolutely! Let’s remember, the stock market is a forward-looking discounter, not a confirmation of what just happened.
Market Misperceptions
By , Chicago Breaking Business, 10/04/2010
MarketMinder's View:
“Reluctant” doesn’t mean “won’t.” Consumer spending stayed fairly steady through the recession and has been growing since the recession’s end. For more, see our 08/31/2010 cover story, “Retail Therapy.”
Market Misperceptions
By , Telegraph, 10/04/2010
MarketMinder's View: Last we checked, to have a depression, GDP overall should, at the very least, be shrinking, not growing for the last 15 months. Even with austerity, the EU overall is eking out growth! For more, see our 07/21/2010 cover story, “Dear Prudence.”
Sensible Stories
By , Bloomberg, 10/04/2010
MarketMinder's View: “Manufacturing will remain at the forefront of the recovery as companies use their large cash reserves to update equipment and cut costs.” Those mountains of corporate cash are beginning to be deployed—good news. For more, see our 06/14/2010 cover story, “Cashlandia.”
Sensible Stories
By , Daily Finance, 10/04/2010
MarketMinder's View: Indeed—the deployment of record piles of corporate cash should be a tremendous bullish factor. For more, see our 10/01/2010 cover story, “No September Slump.”
Sensible Stories
By , Fortune, 10/04/2010
MarketMinder's View: “Unloved”—for sure. But it didn’t turn out to be the fiscal disaster so many feared. And now it’s one less thing for investors to worry about—which is good for stocks. For more, see today’s cover story, “One Less Four-Letter Word.”
Sensible Stories
By , Carpe Diem, 10/01/2010
MarketMinder's View: Some rational analysis of ill-advised protectionist overtures in Washington. For more, see our 09/30/2010 cover story, “The Threat of Tit for Tat.”
Sensible Stories
By , CNN Money, 10/01/2010
MarketMinder's View: These numbers add to a wide array of evidence putting fears of an impending double dip (now technically impossible) to bed.
Market Misperceptions
By , Associated Press, 10/01/2010
MarketMinder's View: The market’s “sizzling 11 percent return over the past three months” wasn’t “misguided optimism.” Fundamentals aren’t as bad as sentiment would have us believe. And historically, strong Q3s beget strong Q4s. For more, see today’s cover story, “No September Slump.”
Market Misperceptions
By , The New York Times, 10/01/2010
MarketMinder's View: “…there are worse things than trade conflict.” This from an economist who won a Nobel Prize for his work on the great benefits of free trade. Hopefully, the China spat proves little more than political scapegoating in an election year.
Market Misperceptions
By , The Wall Street Journal, 10/01/2010
MarketMinder's View: Eurozone manufacturing may have slowed. But that’s off surprisingly strong growth on a weak euro. That it’s still growing even as the euro has recovered (a good thing) is what matters.
Sensible Stories
By , CNN Money, 10/01/2010
MarketMinder's View: No one bit of evidence (historical precedent included) is sufficient to accurately forecast stocks. But better-than-perceived fundamentals and “extremely bearish” investor sentiment seem to indicate the backend of 2010 could surprise to the upside.
Market Misperceptions
By , Bloomberg, 10/01/2010
MarketMinder's View: Beware the gold bug! Gold, though pretty and shiny, isn’t the best investment choice for long-term investors—historically, stocks have outperformed gold. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , The New York Times, 10/01/2010
MarketMinder's View: “The $700 billion lifeline to banks, insurance and auto companies—will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit.” Love it or hate it—TARP didn’t turn out to be the spending bonanza widely feared.
Sensible Stories
By , Reuters, 09/30/2010
MarketMinder's View: Protectionist policies are ill-advised. Hopefully, this just turns out to be pre-election saber-rattling. For more, see today’s cover story, “The Threat of Tit for Tat.”
Sensible Stories
By , MSN Money, 09/30/2010
MarketMinder's View: “The good news is that periods of stocks underperforming bonds are historically very rare and don't tend to last long. After all, stocks offer something bonds can't: the opportunity to profit from earnings growth. Plus stock returns offer a measure of inflation protection, which bonds lack.” Enough said and AMEN!
Market Misperceptions
By , Daily Finance, 09/30/2010
MarketMinder's View: We agree it pays to look for investment opportunities overseas, but that doesn’t mean US stocks won’t continue to provide healthy returns. With all due respect, Mr. Gross has proven himself to be a wise bond investor, but his stock market forecasts have often been way off the mark. We’d argue this one is too.
Sensible Stories
By , The New York Times, 09/30/2010
MarketMinder's View: The bailout of financial and auto firms was painted as money going down a black hole. Now those funds are being repaid—and then some!
Sensible Stories
By , Bloomberg, 09/30/2010
MarketMinder's View: “Companies are boosting orders for manufactured goods as they replace outdated equipment and rebuild inventory in line with gains in consumer spending, while demand from overseas is bearing up.” Further evidence the US and global recovery carries on.
Sensible Stories
By , The Street, 09/30/2010
MarketMinder's View: Even this better-than-expected GDP revision doesn’t properly reflect our economic well-being. Imports—which represent demand for goods and indicate economic health—are subtracted from GDP.
Market Misperceptions
By , Reueters, 09/30/2010
MarketMinder's View: Forgive us if we’re skeptical politicians or regulators will be able to “spot and defuse the next financial crisis.” They haven’t in the past, and there’s little in the FinReg bill that even addresses issues that contributed to the last financial crisis.
Market Misperceptions
By , Reason.com, 09/30/2010
MarketMinder's View: Despite the skulls, ravens, and gargoyles, debt and deficit levels aren’t nearly as scary as most folks think. For more, see our 06/10/2010 cover story “Debunking Debt Concerns.”
Market Misperceptions
By , The New York Times, 09/30/2010
MarketMinder's View: No new news here—the downgrade was widely expected. As we’ve said, ratings agencies have dubious track records at best.
Market Misperceptions
By , Seeking Alpha, 09/29/2010
MarketMinder's View:
It’s impossible to predict when housing will recover. But even if the housing market does languish, the overall economy can continue to grow. For more, see our 08/25/2010 cover story, “Distorted Housing’s a Drag.”
Sensible Stories
By , Seeking Alpha, 09/29/2010
MarketMinder's View: “Investors should worry when confidence is high, as it was before every recession in the past.” We couldn’t agree more.
Sensible Stories
By , Dow Jones Newswires, 09/29/2010
MarketMinder's View: Despite the current troubles in Ireland, German Chancellor Merkel rightly concludes “there is at present no reason to name any particular country that might tap this fund.” For more, see our 08/27/2010 cover story, “Troubles on Emerald Isle?”
Sensible Stories
By , Bloomberg, 09/29/2010
MarketMinder's View: A bullish signal—shipping orders are up as retailers replace record low inventories ahead of a possible bright holiday sales season.
Market Misperceptions
By , Reuters, 09/29/2010
MarketMinder's View:
Consumer confidence surveys offer little insight into the future health of capital markets or stocks.
Market Misperceptions
By , Bloomberg, 09/29/2010
MarketMinder's View:
Let’s set the record straight here: This is just a story about a survey on actions Moody’s “might” take. And even if Moody’s does downgrade Spain’s rating to Aa2—who cares? Moody’s (and the other rating agencies) are just analysts with dubious track records—nothing more.
Sensible Stories
By , Fortune, 09/29/2010
MarketMinder's View: “Now is not the time to get carried away and load up on the stuff.” Solid advice.
Market Misperceptions
By , Reuters, 09/29/2010
MarketMinder's View:
Though this is likely just political saber-rattling ahead of the midterm elections, measures adding friction to global trade are almost always bad policy. For more, see our 09/17/2010 cover story, “Show Me the Yuan.”
Sensible Stories
By , MarketWatch, 09/29/2010
MarketMinder's View: Bucking recent headlines to the contrary, Chinese manufacturing remains firmly in expansionary territory. For more, see our 08/03/2010 cover story, “Fuzzy Manufacturing Math.”
Sensible Stories
By , Bloomberg, 09/29/2010
MarketMinder's View: M&A activity surged in Q3 as cash-rich firms completed the most corporate deals in over two years. Cash-based M&As shrink the overall stock supply—a bullish sign for stock prices.
Sensible Stories
By , Bankstocks.com, 09/29/2010
MarketMinder's View: A must-read on the negative impact of inappropriately applied mark-to-market accounting rules. For more, see our 03/11/2009 cover story, “Fahrenheit 157.”
Market Misperceptions
By , Smart Money, 09/28/2010
MarketMinder's View:
Statistical modeling is all well and good, but such programs can’t predict the future and can only guess what happens to stocks in the wake of huge disasters or events. Even then, “at times, the site suffers from gaps in some of its more obscure sources—it had no ideas for stocks that would likely rally if uranium prices fall, for example.” Models can only describe, they can’t predict.
Sensible Stories
By , International Business Times, 09/28/2010
MarketMinder's View: More evidence the global economic recovery continues.
Market Misperceptions
By , The Street, 09/28/2010
MarketMinder's View:
We wouldn’t recommend putting much stock in a consumer survey that just asks people how they feel about the economy. It’s better to look at underlying economic data—and with continued GDP growth, better retail numbers, and increased manufacturing numbers, it looks like the economy’s doing just fine.
Market Misperceptions
By , The New York Times, 09/28/2010
MarketMinder's View:
After every recession, some folks always say it’s a new normal—yet that’s never been the case. The US economy will recover—maybe not quickly enough for some, but it will recover. Economies are never in a continuous upward trajectory, there are booms and busts, and that’s normal.
Sensible Stories
By , Daily Finance, 09/28/2010
MarketMinder's View: More confirmation of the ongoing expansion. Not too surprising since Emerging Markets led the world into economic recovery—and will likely continue doing so for some time.
Sensible Stories
By , The Wall Street Journal, 09/28/2010
MarketMinder's View: Despite some folks still squealing about the PIIGS’ imminent demise, investor appetite for European sovereign debt is still healthy. See our 07/15/2010 cover story, “On PIIGS and Needles,” for more.
Sensible Stories
By , BloggingStocks, 09/28/2010
MarketMinder's View: Gold vending machines? We agree, it’s “strong evidence that retail investors and water-cooler chatter have pushed their way into the market.” We’ve said before, gold hasn’t been a good long-term investment. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Market Misperceptions
By , Los Angeles Times, 09/27/2010
MarketMinder's View: Nah. The American entrepreneurial spirit has thus far won out over any political nonsense that’s been thrown our way.
Sensible Stories
By , The New York Times, 09/27/2010
MarketMinder's View: Lending in the eurozone regains footing as the global recovery surges on.
Sensible Stories
By , Fox Business, 09/27/2010
MarketMinder's View: It would be nice to see AIG (and all firms that received heavy government involvement) be unfettered once again. Then again, we’ll believe it when we see it.
Market Misperceptions
By , The New York Times, 09/27/2010
MarketMinder's View: No ifs, ands, or buts. Gridlock is great and you can see that in history. For more, see our 08/24/2010 cover story, “Gridlock is Great.”
Market Misperceptions
By , CNN , 09/27/2010
MarketMinder's View:
Survey says…look at the facts. “Feelings” are rarely (if ever) a good economic indicator. For more, see our 09/21/2010 cover story, “And So It Ends.”
Market Misperceptions
By , Real Clear Markets, 09/27/2010
MarketMinder's View: Trade wars are always a negative. And an all-out trade war with China is a risk but likely a distant one. For more, see our 09/17/2010 cover story, “Show Me the Yuan.”
Sensible Stories
By , The Guardian, 09/27/2010
MarketMinder's View: Good news from across the pond! As we’ve said before, the financial sector was hit the hardest and would likely be one of the last to recover. A bit of patience pays off.
Market Misperceptions
By , Daily Finance , 09/27/2010
MarketMinder's View: It’s astounding to us how few people identify FAS/IASB 157 (fair value accounting) as perhaps the most important compounding effect causing the credit crisis. Without it, we wouldn’t have had devastating, non-stop rounds of bank asset write-downs. No one we can find of any seriousness believes “fees” caused credit markets to seize.
Sensible Stories
By , Barron’s, 09/27/2010
MarketMinder's View: “Investors have overstated the problems facing the markets and the economy. The long-term outlook is for gains by stocks.” We agree—and also note it’s quite normal for investors to remain dour on stocks. That’s the wall of worry stocks climb.
Market Misperceptions
By , The Wall Street Journal, 09/27/2010
MarketMinder's View:
True, small banks have continued to fail, but this is to be expected after a major crisis. More importantly, the financial system has grown much healthier over the last two years.
Sensible Stories
By , Daily Finance , 09/27/2010
MarketMinder's View: Positive strides in US capital goods orders are carrying over into Asian markets—more evidence global economies are recovering.
Sensible Stories
By , Bloomberg Businessweek, 09/24/2010
MarketMinder's View: There’s no guarantee a rising yuan would reverse the trade deficit, and a trade war would be far costlier. Luckily, this is likely election season rhetoric—pointing fingers overseas to defuse blame back home. For more, see our 9/17/2010 cover story, “Show Me the Yuan.”
Sensible Stories
By , Bloomberg, 09/24/2010
MarketMinder's View: Business spending has been and continues to be a chief economic driver—and with plenty of corporate cash to spare, we don’t think that’ll change.
Market Misperceptions
By , The Washington Post, 09/24/2010
MarketMinder's View:
Timing the stock market is a very difficult game. Even if you get the exit right, missing reentry can be a costly mistake. Investors just getting back in now have missed a huge bull bounce.
Sensible Stories
By , The Washington Post, 09/24/2010
MarketMinder's View: Though currently unpopular, newly enacted financial regulation is vastly watered down from the original proposal—and the fact bankers aren’t particularly worried is good news.
Market Misperceptions
By , The New York Times, 09/24/2010
MarketMinder's View:
But this is great news! The more gridlock, the better for markets, in our view. For more, see our 08/24/2010 cover story, “Gridlock Is Great.”
Market Misperceptions
By , SmartMoney, 09/24/2010
MarketMinder's View:
GDP isn’t a perfect window into economic health, nor is it the only indicator NBER uses to determine economic cycles. But it is one useful tool helping separate feeling from fact. 
Market Misperceptions
By , Bloomberg, 09/24/2010
MarketMinder's View:
There’s nothing protective about shiny metals—and this story unwittingly illustrates that. Silver is just now up from where it was 30 years ago. Translation: it was down from its peak for the last three decades. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , Bloomberg, 09/24/2010
MarketMinder's View: Germany’s economy may ease off Q2’s blistering pace, but it should keep reaping benefits from the global recovery.
Market Misperceptions
By , CNN Money, 09/24/2010
MarketMinder's View:
Investors shouldn’t rely solely on Emerging Markets, but neither should they be ignored—developing countries have provided great opportunities lately and don’t appear out of steam yet.
Market Misperceptions
By , The New York Times, 09/24/2010
MarketMinder's View:
The banking system is still recovering but is vastly improved from two years ago. And the only recently feared European financial collapse appears ever more unlikely. For more, see our 09/08/2010 cover story, “A Bearish Back-and-Forth.”
Sensible Stories
By , Bloomberg, 09/23/2010
MarketMinder's View: “The index of US leading indicators rose in August more than forecast, signaling the economy will keep expanding through early next year.” The LEI is an imperfect indicator, but this does seem to confirm the fact that expansion continues.
Market Misperceptions
By , Seeking Alpha, 09/23/2010
MarketMinder's View:
Ah, yes. These are the worries bull markets love to climb and are typical after a recession’s end. For more, see our 09/21/2010 cover story, “And So It Ends.”
Sensible Stories
By , International Business Times , 09/23/2010
MarketMinder's View: Not surprising. Firms have record stockpiles of cash and will start deploying them—which is a very bullish factor.
Sensible Stories
By , The New York Times, 09/23/2010
MarketMinder's View: This is fine news, but keep in mind, housing has been weak during the entirety of the recovery thus far. An improving housing market helps some, but isn’t vital to continued expansion.
Market Misperceptions
By , MarketWatch, 09/23/2010
MarketMinder's View:
Yes, eurozone PMI disappointed this past month, but keep in mind, it is still signaling expansion. It’s normal for expansions to speed and decelerate. That isn’t a sign of returning doom.
Market Misperceptions
By , CNBC, 09/23/2010
MarketMinder's View:
Well, yes, if you are a proponent for manipulating your currency, of course you would say this. Further, such a big rise in a short span is hardly likely given China’s tendency to closely manage its currency. For more, see our 09/17/2010 cover story, “Show Me the Yuan.”
Market Misperceptions
By , The Globe and Mail, 09/23/2010
MarketMinder's View:
Well, NBER sure disagrees this is a depression.  For more, see our 09/21/2010 cover story, “And So It Ends.”
Sensible Stories
By , The Guardian, 09/23/2010
MarketMinder's View: Absolutely. All hail free trade!
Market Misperceptions
By , The Street, 09/23/2010
MarketMinder's View:
The fact is, to a global investor, over the long term, currency fluctuation impacts net out close to zero. So weak or strong, the dollar direction doesn’t matter for stocks.
Market Misperceptions
By , Daily Finance, 09/22/2010
MarketMinder's View:
Don’t follow the gold bugs. The precious metal might feel “safe” in the short term, but long-term returns show something else entirely. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Market Misperceptions
By , Fox Business, 09/22/2010
MarketMinder's View:
Well, they can do what they want, but taxing bank profits is certainly not “pro-business.”
Sensible Stories
By , Daily Finance, 09/22/2010
MarketMinder's View: The Fed is keeping policy unchanged for now, but stands ready to step in if needed. For more, see today’s cover story, “Skin and Bones.”
Sensible Stories
By , The Wall Street Journal, 09/22/2010
MarketMinder's View: Remember the PIIGS? For more, see our 07/30/2010 cover story, “Silence of the PIIGS.”
Market Misperceptions
By , USA Today, 09/22/2010
MarketMinder's View:
Unemployment remains persistently high, which, though painful, is normal after a recession. Remember, growth creates jobs, not the other way around. We’re already starting to see growth—now patience is required as economic growth begins to create jobs.
Market Misperceptions
By , BBC News, 09/22/2010
MarketMinder's View:
This makes no sense at all! The likelihood of the UK returning to recession is "unlikely," yet recovery is “fragile”? Sounds like folks are just dour—normal in an early recovery.
Sensible Stories
By , Bloomberg, 09/22/2010
MarketMinder's View: Treasury Secretary Geithner rightly concludes the new Basell III standards will likely have little impact on US banks.
Market Misperceptions
By , Time, 09/22/2010
MarketMinder's View:
Simply, no—most likely not, not by a long shot. For more, see our 08/27/2010 cover story, “Troubles on Emerald Isle?”
Sensible Stories
By , The Street, 09/22/2010
MarketMinder's View: Emerging Markets, a bright spot in the global recovery so far, look poised to continue their run.
Sensible Stories
By , Central News Agency, 09/21/2010
MarketMinder's View: Emerging Markets (particularly in Asia) continue to lead the global economic recovery—and will likely continue for some time, especially as multinational firms look to base new offices there.
Market Misperceptions
By , Barron’s, 09/21/2010
MarketMinder's View:
“This cycle is different because it was the result of a plunge in wealth.” Actually, the plunge in wealth was due to the recession and bear market, not the other way around. And that’s normal.
Sensible Stories
By , The Wall Street Journal, 09/21/2010
MarketMinder's View: Ah yes. The law of unintended consequences of government involvement.
Sensible Stories
By , The Wall Street Journal, 09/21/2010
MarketMinder's View: Evidence the recovery continues as Emerging Markets increase the pace of infrastructure build-outs.
Market Misperceptions
By , The Motley Fool, 09/21/2010
MarketMinder's View:
Silver, like gold, is simply a commodity—and both metals’ long-term returns trail that of stocks. Ignore.
Market Misperceptions
By , Daily Finance, 09/21/2010
MarketMinder's View:
Maybe. Maybe not. And the OECD hardly has a pristine record for forecasting employment. More importantly, employment typically recovers well after stocks and the economy—and may recover faster than some expect. For more, see today’s cover story, “And So It Ends.”
Sensible Stories
By , BBC News, 09/21/2010
MarketMinder's View: Investor appetite for European sovereign debt remains healthy—even for PIIGS.
Market Misperceptions
By , MarketWatch, 09/21/2010
MarketMinder's View:
We’ve said it before: Stimulus takes time to work its way through the economy. Government spending is rarely (if ever) well-spent and effective—it’s subsequent spending by businesses and consumers that make stimulus work. See our 01/14/2009 cover story, “Patience With Punches,” for more.
Sensible Stories
By , Bloomberg, 09/20/2010
MarketMinder's View: “Record-low interest rates are stoking the biggest increase in U.S. share buybacks ever.” Firms are starting to deploy their historically massive cash stockpiles.
Market Misperceptions
By , Bloomberg, 09/20/2010
MarketMinder's View: First we fretted the EU. Then the US. Now the EU is a risk again? Either way, the world continues to grow. And Fed forecasts are typically less than laser accurate.
Market Misperceptions
By , MarketWatch, 09/20/2010
MarketMinder's View: Whether they do or not actually impacts the world less than most think. Manipulating your currency, long term, is less than ideal. But if the Chinese want to keep selling us cheap goods, we should take them up on it. For more, see our 09/17/2010 cover story, “Show Me the Yuan.”
Sensible Stories
By , The New York Times, 09/20/2010
MarketMinder's View: The NBER announced officially the recession ended in June 2009. Yes, you read that correctly—15 months ago. Positive, but highly unsurprising “news.”
Market Misperceptions
By , The Independent, 09/20/2010
MarketMinder's View: It’s actually quite the opposite. In this downturn, the world’s central banks did almost the exact opposite of what Japan did early in its “Lost Decade.”
Market Misperceptions
By , The New York Times , 09/20/2010
MarketMinder's View: Yes, the job market remains tough. And it’s especially tough if you are unemployed. But as the NBER people point out, the economy can and does recover even before employment improves.
Sensible Stories
By , The New York Times , 09/20/2010
MarketMinder's View: They weigh lots of things they don’t act on. With the recession officially over for more than a year, the Fed may decide more stimulus isn’t warranted. But, ultimately, this will likely be a political decision.
Market Misperceptions
By , Los Angeles Times, 09/20/2010
MarketMinder's View: While we won’t disagree land can be a prosperous investment, we will say it’s hardly a better option over stocks long term. And it’s certainly less liquid.
Market Misperceptions
By , The Wall Street Journal, 09/20/2010
MarketMinder's View: Business spending has risen sharply the past two quarters—the fact corporate cash balances didn’t change much in Q2 speaks to huge profits replacing cash spent, not hoarding. Plus, all that cash getting deployed will be an additional bullish driver.
Market Misperceptions
By , The Independent, 09/17/2010
MarketMinder's View: A lot of America is working in fact. And unemployment is recovering just as the economy did (and still does). Historically, this is how it works—first comes the economy, then comes the job market.
Sensible Stories
By , Carpe Diem, 09/17/2010
MarketMinder's View: Our sentiments exactly. For more, see today’s cover story, “Show Me the Yuan.”
Sensible Stories
By , The Wall Street Journal, 09/17/2010
MarketMinder's View: Not long ago, many worried inflation would spiral out of control. Now, deflation is an equal concern. But recent consumer prices show consumer prices are benign—not too hot or too cold.
Sensible Stories
By , CNN Money, 09/17/2010
MarketMinder's View: “The truth is that the European economies are doing better than expected.” Many feared a weakened Europe would bring down the global recovery, but eurozone countries have proven much more resilient than most expected.
Sensible Stories
By , Businessweek, 09/17/2010
MarketMinder's View: Yes! And this article lists a few great reasons why. Bottom line: “Signs of nervousness about stocks are convincing contrarian investors that this is a smart time to put money into the market.”
Market Misperceptions
By , Newsweek, 09/17/2010
MarketMinder's View: Who puts that much stock in what economists have to say anyway? Investment decisions shouldn’t be made solely on the predictions of these people. They’re hardly soothsayers—just educated people making educated guesses at future market conditions.
Market Misperceptions
By , MSNBC, 09/17/2010
MarketMinder's View: Why can’t we all just get along? But really, the truth is our relationship with China is just fine, and a trade war isn’t in either country’s interests. For more, see today’s cover story, “Show Me the Yuan.”
Sensible Stories
By , The Wall Street Journal, 09/17/2010
MarketMinder's View: The SEC tightens rules on banks’ debt limitations—worth keeping an eye on.
Market Misperceptions
By , Yahoo! Finance, 09/17/2010
MarketMinder's View: Dour consumer sentiment doesn’t portend bad stock market returns. In fact, pessimistic times are likely a good sign for investors to stay disciplined in the market.
Sensible Stories
By , Businessweek, 09/16/2010
MarketMinder's View: Despite the grumbling the world thinks the US economy is troubled, there sure is a lot of interest in US financial assets.
Sensible Stories
By , Businessweek, 09/16/2010
MarketMinder's View: “But someone’s exports are another country’s imports so they can’t all win”—no one country can go it alone. For more, see today’s cover story, “Yen-tervention.”
Sensible Stories
By , The Wall Street Journal, 09/16/2010
MarketMinder's View: It’s quite normal for the media to be prone to dourness following a bear market and recession—but here’s a look at what’s right in the world.
Market Misperceptions
By , The Washington Post, 09/16/2010
MarketMinder's View:
First, there are conflicting quotes in this article: “The latest sign of a recovery that is decelerating” and “the modest growth in industrial production was evidence that the economy is not dipping into a new recession, or extended period of contraction.” Second, growth is growth—faster is better, but slow is still positive.
Market Misperceptions
By , Barron’s, 09/16/2010
MarketMinder's View: The VIX is inherently faulty as a forward-looking forecasting tool. For more, see our cover 08/26/2010 cover story, “Uncharted Territory.”
Market Misperceptions
By , Businessweek, 09/16/2010
MarketMinder's View:
Nor are they any riskier. Basel III’s short-term impact may be looser lending and an extended period to raise the reserves required—all good for stocks and the economy. For more, see our 09/14/2010 cover story, “Deconstructing the Wall of Worry.”
Sensible Stories
By , Associated Press, 09/16/2010
MarketMinder's View: Despite its ambiguous title, this is positive news “that could be viewed as a healing sign for the US economy as Americans slowly regain their appetite to spend.” For more, see our 08/31/2010 cover story, “Retail Therapy.”
Market Misperceptions
By , MarketWatch, 09/16/2010
MarketMinder's View: Political pressures regarding the yuan are definitely a better option than a trade war, but so far have been mildly effective. For more, see our 05/13/2010 cover story, “Little Inflation in Big China.”
Sensible Stories
By , Dow Jones Newswires, 09/15/2010
MarketMinder's View: More positive economic data supporting continued US economic growth.
Sensible Stories
By , Agence France-Presse , 09/15/2010
MarketMinder's View: Australia’s ruling coalition’s majority was so slim, it’s unlikely any material legislation will pass—usually good news for markets. For more, see our 08/24/2010 cover story, “Gridlock Is Great.”
Market Misperceptions
By , The Wall Street Journal, 09/15/2010
MarketMinder's View:
“The cult of the bond” will likely never die—some folks simply prefer the perceived “safety” of bonds. But for long-term investors, stocks are typically a better investment since, over time, stocks’ returns tend to beat bonds’.
Market Misperceptions
By , Daily Finance, 09/15/2010
MarketMinder's View:
Focusing solely on the state of US consumers misses key points. Not only are US consumers in better shape than most perceive (and pulled back only slightly during recession), but other GDP components like exports and business spending should experience the biggest rebound. And investors would do well to look globally where many economies are growing faster than the US.
Sensible Stories
By , SME Times , 09/15/2010
MarketMinder's View: No surprise here. China (and other Emerging Markets) are playing a key role in this economic recovery—and will likely continue doing so for the near term.
Market Misperceptions
By , Daily Finance, 09/15/2010
MarketMinder's View:
The economy isn’t completely out of the woods, but recent data shows recovery continues.
Market Misperceptions
By , Fortune, 09/15/2010
MarketMinder's View:
Raising taxes isn’t an economic panacea. In fact, it could have the opposite intended effect—weighing on the economy and actually producing less in tax receipts.
Sensible Stories
By , The Wall Street Journal, 09/15/2010
MarketMinder's View: Efforts to invigorate the Japanese economy are admirable, but without a coordinated effort among countries, Japan might find its ability to influence exchange rates fleeting.
Sensible Stories
By , The Wall Street Journal , 09/14/2010
MarketMinder's View: Disproving claims of the death of the American consumer—US retail sales posted better-than-expected gains in August, rising for the second consecutive month.
Sensible Stories
By , International Business Times , 09/14/2010
MarketMinder's View: In a bullish sign for stocks, the Basel III reforms aren’t as onerous as many expected. For more, see our 09/14/2010 cover story “Deconstructing a Wall of Worry.”
Sensible Stories
By , USA Today, 09/14/2010
MarketMinder's View: Recent economic data continues to indicate fears of a double-dip are unfounded. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Market Misperceptions
By , The New York Times, 09/14/2010
MarketMinder's View:
Persistently high unemployment continues to weigh on investors’ and policy makers’ minds. However growth creates jobs, not the other way around. Patience will be required as the recovery continues along.
Sensible Stories
By , Investor’s Business Daily, 09/14/2010
MarketMinder's View: US rails are moving raw materials, like metals, chemicals, and lumber at near record levels—a bullish sign that portends a growing economy.
Market Misperceptions
By , MarketWatch, 09/14/2010
MarketMinder's View:
Gold has been on quite a tear. But gold bugs seem to think gold is a hedge against inflation, deflation, a falling dollar, a euro collapse, earthquakes, oil spills, swine flu, and tartar buildup. It’s dangerous to think any investment can’t lose value.
Market Misperceptions
By , International Business Times , 09/14/2010
MarketMinder's View:
Confidence surveys offer little forward-looking insight into the health of capital markets. And the purported economic “experts” whose opinions comprise confidence surveys often have an unconvincing track record.
Sensible Stories
By , Associated Press, 09/14/2010
MarketMinder's View: It’s hard to say it any better than Mr. Buffett, “I am a huge bull on this country. We are not going to have a double-dip recession at all.”
Market Misperceptions
By , Telegraph, 09/14/2010
MarketMinder's View:
The US government deficit is a polarizing political tool and often misunderstood issue. Investors should expect plenty of deficit rhetoric as we near the November elections. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.”
Sensible Stories
By , Seeking Alpha, 09/14/2010
MarketMinder's View: We agree, it’s way too early to count 2010 as a bust. For more, see our 09/10/2010 cover story, “Recycled Pessimism.”
Sensible Stories
By , Guardian, 09/13/2010
MarketMinder's View: Austerity measures announced throughout Europe might be less severe than originally planned as prospects for economic growth improve.
Sensible Stories
By , Telegraph, 09/13/2010
MarketMinder's View: An expanding global economy can spur growth in every corner of the world.
Market Misperceptions
By , Seeking Alpha, 09/13/2010
MarketMinder's View:
Analyzing history is an important component of market analysis. But history is just a starting point. Simply comparing one chart to another without regard to anything else is a misuse of history.
Market Misperceptions
By , The Wall Street Journal , 09/13/2010
MarketMinder's View: This type of sentiment is common after a big recession and bear market. The rate of economic growth simply can’t continue accelerating forever. After an initial surge, growth in select regions may have slowed a bit. But, fact is, economies are still growing. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Sensible Stories
By , The Wall Street Journal , 09/13/2010
MarketMinder's View: Just months ago, investors feared a global debt contagion emanating from Europe would sink the global economy. Now, even European economic growth estimates are ratcheting higher—a strong indication the global economy is on solid ground.
Market Misperceptions
By , The Wall Street Journal, 09/13/2010
MarketMinder's View: The argument gridlock will continue policy uncertainty while preventing more stimulus, thus stalling stocks, misconstrues the benefits of gridlock and what drives markets in the first place. It’s quite the opposite, gridlock is beneficial! For more, see our 08/24/2010 cover story, “Gridlock is Great.”
Sensible Stories
By , Bloomberg, 09/13/2010
MarketMinder's View: Yes, consumers are saving (which isn’t necessarily a bad thing), but they are also spending—retail sales were up in August. For more, see our 08/31/2010 cover story, “Retail Therapy.”
Sensible Stories
By , Associated Press, 09/13/2010
MarketMinder's View: Sunday brought about new global banking regulations and hopes “their contribution to long-term financial stability and growth will be substantial.” For more, see our 09/09/2010 cover story, “Basel-ed on Rumors.”
Market Misperceptions
By , Fortune, 09/13/2010
MarketMinder's View:
Just because consumer spending is the biggest part of our economy doesn’t mean other components don’t matter. Strong export growth can indeed help drive GDP growth and has an outsized benefit for corporate earnings growth—about half the revenues of S&P 500 firms come from outside the US!
Sensible Stories
By , Business Insider, 09/10/2010
MarketMinder's View: “Despite talk about how the US economy will soon lose the support of economic stimulus, or that stimulus 'hasn't worked', US fiscal stimulus for the economy is far from finished.” Exactly. Folks are too quick to claim stimulus has had little to no effect on the economy when a large portion of it has yet to be disbursed. Patience, please.
Sensible Stories
By , USA Today, 09/10/2010
MarketMinder's View: Positive data abound as the economic recovery continues.
Market Misperceptions
By , Investor’s Business Daily, 09/10/2010
MarketMinder's View: In some areas maybe, but our competitive edge is growing in others. That’s good for us and the global economy—countries do well focusing on what they do best. For more, see our 02/08/2010 column, “We’re Number Eight!”
Market Misperceptions
By , Barron’s, 09/10/2010
MarketMinder's View: “Without broad participation from the masses, the stock market will have a tough time breaking through the upper end of its range.” Wrong. Unfortunately, individual investors are notoriously late to participate in bull markets because they wait until owning stocks feels “comfortable,” which is usually well after stocks have rebounded.
Sensible Stories
By , Bloomberg, 09/10/2010
MarketMinder's View: Good news for the manufacturing industry as inventories rose much higher than expected.
Market Misperceptions
By , Smart Money, 09/10/2010
MarketMinder's View: Claiming “it’s different this time” is never beneficial for any investor. Unemployment trends are proving in line with historical patterns. That is, first comes an economic recovery then increased employment will follow.
Sensible Stories
By , Real Clear Markets, 09/10/2010
MarketMinder's View: Japan’s economy continues to grow (albeit at a slower pace), and new stimulus efforts are underway.
Sensible Stories
By , The Wall Street Journal, 09/10/2010
MarketMinder's View: Greece is trying to rebuild its economic reputation by turning to European investors in hopes of increasing their appetite for debt.
Market Misperceptions
By , Daily Finance, 09/10/2010
MarketMinder's View: Free-market capitalism is alive and well. This is just another one of many pessimistic headlines to invoke fear. For more, see today’s cover story, “Recycled Pessimism.”
Market Misperceptions
By , Slate, 09/09/2010
MarketMinder's View:
Capitalism requires an income gap—the prospect of earning more creates incentive. Some may benefit from a growing economy more than others, but we’re all better off in the long run thanks to capitalism.
Sensible Stories
By , Associated Press, 09/09/2010
MarketMinder's View: Unemployment remains persistently high—as it always does after recession—but signs of improvement are becoming evident.
Sensible Stories
By , Daily Finance, 09/09/2010
MarketMinder's View: “Exports remain a bright spot in the US economic recovery, and provided that the uptrend is maintained, they'll continue to add to US GDP.” International demand for US goods sparks the US economy and reflects the continuing global recovery.
Sensible Stories
By , International Business Times , 09/09/2010
MarketMinder's View: Thought rates are rising slightly in a handful of countries, central banks in most major regions have been clear they rightly intend to keep monetary policy accommodative for a long time.
Sensible Stories
By , MarketWatch, 09/09/2010
MarketMinder's View: Some folks see the VIX as a great hedge against market downturn because it seems to spike when stocks drop. But the VIX is just a number, not an asset. Investors trying to capitalize on VIX moves will find is difficult and costly.
Market Misperceptions
By , CNN Money , 09/09/2010
MarketMinder's View:
The financial system today is on far firmer ground than it was in the period before the 2008 financial crisis. Banks are now exceptionally well-capitalized, evidenced by near-record excess reserves on deposit at the Fed. Bank stocks might face headwinds, but that doesn’t reflect a fragile financial system.
Market Misperceptions
By , Blogging Stocks, 09/09/2010
MarketMinder's View:
Are folks fearing inflation or deflation today? It’s hard to keep it straight. While it’s true excessively easy money could lead to inflation at some point down the road if it’s not withdrawn appropriately, there’s no sign of inflation currently, and loose money is the right policy now to lubricate the global economy.
Market Misperceptions
By , Blogging Stocks, 09/09/2010
MarketMinder's View:
Not likely. Consumers didn’t pull back nearly as much as most folks think, and they’re already spending again—nominal private consumption is back at an all-time high.
Market Misperceptions
By , MarketWatch, 09/09/2010
MarketMinder's View:
OECD countries aren’t necessarily the drivers of the global economy as they used to be. Today, Emerging Markets are leading the global economy forward.
Market Misperceptions
By , International Business Times , 09/08/2010
MarketMinder's View:
Don’t read too much into the GDP revisions. Adjustments to backward-looking data say nothing about the health of a country or capital markets going forward.
Market Misperceptions
By , Associated Press, 09/08/2010
MarketMinder's View:
This is just more recycled pessimism. The flash crash was disconcerting but had little if any long-term impact.
Market Misperceptions
By , Newsweek, 09/08/2010
MarketMinder's View:
Let’s hope for their sake 18- to 34-year-olds are not shying away from equities when saving for retirement. For investors with long time horizons, equities have historically offered the most potential for growth (albeit with a sometimes bumpier ride compared to other asset classes).
Sensible Stories
By , Reuters, 09/08/2010
MarketMinder's View: With financial regulation reform in the US passed and details of Basel III coming to light, the cloud of uncertainty looming over Financials is beginning to clear a bit.
Sensible Stories
By , USA Today, 09/08/2010
MarketMinder's View: Despite “a steady flow of not-entirely-terrible economic news,” pundits and “experts” remain overly pessimistic about an impending “double dip”—an extremely bullish sign for stocks. For more, see our 09/07/2010 cover story, “Dumb Bears.”
Market Misperceptions
By , CNN Money, 09/08/2010
MarketMinder's View:
Is this a joke? Blindly following the crowd is seldom a good idea. Tech stocks in 2001…house flipping in 2006…you get the idea. And please, please, please ignore the absurd idea you can find reliable investing information using “the predictive value of the opinion of the masses” on Twitter and Facebook.
Sensible Stories
By , Bloomberg, 09/08/2010
MarketMinder's View: This forecast not only implies Emerging Markets should continue growing at a healthy pace, but stocks there should perform well too. We agree. And this is great news in an increasingly globalized economy—prosperity in emerging markets should benefit all.
Market Misperceptions
By , The Wall Street Journal, 09/08/2010
MarketMinder's View:
It’s as certain as beer at Oktoberfest—recoveries never move in a straight line upward. One month of pedestrian economic data does not signal the end of the recovery in Germany (or anywhere). As the German economics minister rightly concludes, “After the extraordinary strength of the recovery early this year, it was to be expected that production would be driven back to a quieter pace.”
Sensible Stories
By , Guardian, 09/08/2010
MarketMinder's View: Manufacturing, a bright spot in the global recovery, continues to shine. British factories notched their strongest rate of growth since December 1994.
Market Misperceptions
By , Blogging Stocks, 09/08/2010
MarketMinder's View:
It seems a day can’t go by without someone writing about gold and its purported safety. As we’ve said before, many, many times, gold is just a commodity—not an investing panacea.
Sensible Stories
By , MarketWatch, 09/08/2010
MarketMinder's View: In what’s becoming less and less of a newsworthy event, Portugal completed another successful bond auction. For more, see our 07/30/2010 cover story, “Silence of the PIIGS.”
Market Misperceptions
By , Telegraph, 09/07/2010
MarketMinder's View:
The economy never recovers in a straight line, but most signs point to continuing growth ahead. And if you look outside the US, rapid growth is already taking place in many emerging economies. For more, see our 08/23/2010 cover story, “Dripping Away at the Double Dip.”
Market Misperceptions
By , Bloomberg, 09/07/2010
MarketMinder's View:
For some reason, some folks see gold as protection against inflation, deflation, government spending, a double-dip recession, locusts, and measles. Its track record shows it’s none of those things. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , Fortune, 09/07/2010
MarketMinder's View: Amid the economic doom-and-gloom headlines exist ever-brighter glimmers of good economic news. This article highlights a few.
Market Misperceptions
By , Fortune, 09/07/2010
MarketMinder's View:
Investor demand for sovereign debt (even in the PIIGS!) outpaced supply time and again. And with the EU/IMF/ECB backstop in place, fiscally troubled countries’ funding needs are mostly covered for the next several years.
Market Misperceptions
By , The Nation, 09/07/2010
MarketMinder's View:
More stimulus doesn’t necessarily equate to more jobs. Past stimulus efforts are still making their way through the system, and employment will recover gradually as the economy continues to improve.
Sensible Stories
By , The Wall Street Journal, 09/07/2010
MarketMinder's View: We’re all for tax breaks, but whether this proposal will pass remains to be seen. We’ll keep an eye on developments.
Sensible Stories
By , Daily Finance, 09/07/2010
MarketMinder's View: The bull market’s “sustaining strength will come from one unexpected factor: A recovery that very few are counting on.” The fact investors remain pessimistic despite improving fundamentals is bullish. Remember, bull markets climb a wall of worry.
Sensible Stories
By , The Wall Street Journal, 09/07/2010
MarketMinder's View: The regulatory landscape for Financials has cleared a bit recently with the passage of financial regulation in the US and guidelines on Basel III. But Financials still face challenges globally.
Sensible Stories
By , CNN Money, 09/07/2010
MarketMinder's View: “The biggest risk for this generation is that they’ll live too long. With medical breakthroughs, the reality is that many … will live beyond 100. The only way they have enough assets to last them is to invest in stocks.” Most long-term investors would do well to heed this advice.
Sensible Stories
By , Slate, 09/03/2010
MarketMinder's View: “The US auto industry is smaller but healthier.” After much-needed restructuring, the auto industry is leaner and more efficient.
Market Misperceptions
By , MarketWatch, 09/03/2010
MarketMinder's View: “The Land of Opportunity is in danger of becoming barren.” The US hasn’t lost its title and shouldn’t anytime soon. Ignore.
Sensible Stories
By , The Street, 09/03/2010
MarketMinder's View: Title aside, this article lists a few good reasons why double-dip fears aren’t justified and why increased dour sentiment usually means success for stocks.
Sensible Stories
By , The Wall Street Journal, 09/03/2010
MarketMinder's View: Double-dip fears are proving unfounded at home and abroad as the ECB expels rumors of a faltering European economy. For more, see today’s cover story, “A Nice Thought.”
Market Misperceptions
By , Guardian, 09/03/2010
MarketMinder's View: Hardly. A slight hiccup in the service sector doesn’t spell doom for the UK economy at large.
Market Misperceptions
By , The New Republic, 09/03/2010
MarketMinder's View: The differences between the economic environment today and past depressions far outweigh any similarities. The global economy is growing nicely, trade is booming, corporations have healthy balance sheets and are growing earnings at a tremendous clip, consumers are spending, and inflation is tame. This doesn’t sound depression-like to us.
Sensible Stories
By , Daily Finance, 09/03/2010
MarketMinder's View: Positive news on the job front. The job market will continue to improve as the economy picks up.
Market Misperceptions
By , Daily Finance, 09/03/2010
MarketMinder's View: Gold is often misconstrued as a “safe haven” but historically, stocks have outperformed gold in the long term. Don’t fall into this golden trap. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Sensible Stories
By , Telegraph, 09/02/2010
MarketMinder's View: “Widespread uncertainty and pessimism about the future among usually bullish financial advisers may indicate that the stock market is near the bottom of its cycle and the time has come for brave income-seekers to buy.” We couldn’t agree more! For more, see today’s cover story, “Goring the Global Growth Slowdown.”
Market Misperceptions
By , The Wall Street Journal , 09/02/2010
MarketMinder's View: Measuring last year’s cash-for-clunkers sales bonanza to this year’s sales isn’t a fair comparison and illustrates the distortions government involvement can cause.
Sensible Stories
By , TheStreet, 09/02/2010
MarketMinder's View: Housing data has been somewhat of a mixed bag recently, but prices have been slowly rising—a positive sign the worst might be behind the housing market. For more, see our 08/25/2010 cover story, “Distorted Housing’s a Drag.”
Sensible Stories
By , The Wall Street Journal, 09/02/2010
MarketMinder's View: Same store sales are up despite hot weather and dour sentiment. It’s encouraging news consumer spending continues to grow. For more, see our 08/31/2010 cover story, “Retail Therapy.”
Sensible Stories
By , Leveraged Finance News, 09/02/2010
MarketMinder's View: Credit markets are open again, even to lower rated firms. Many folks decry the fact banks are lending as freely as they should, but banks aren’t the only source of credit.
Sensible Stories
By , RTT News, 09/02/2010
MarketMinder's View: Central bankers worldwide stand ready to provide the liquidity necessary to keep economic wheels greased. For more, see our 08/06/2010 cover story, “Hermes Delivers.”
Market Misperceptions
By , BusinessWeek, 09/02/2010
MarketMinder's View: What does this even mean? Wouldn’t another recession be worse? But economic data hasn’t been nearly as bad as the title suggests. Indeed, global growth has been accelerating, not decelerating.
Sensible Stories
By , The Washington Post, 09/02/2010
MarketMinder's View: “Savings. Credit. Manufacturing. Housing. Trade.” Although the media is awash in dour sentiment right now, these five reasons hold a lot of promise for the economy going forward.
Sensible Stories
By , Associated Press, 09/01/2010
MarketMinder's View: More positive economic news from around the world: Demand from emerging markets helped the Australian economy grow at the fastest pace in three years.
Market Misperceptions
By , EU Business, 09/01/2010
MarketMinder's View:
Governments intervening in markets is seldom a good idea and often leads to unintended and negative consequences.
Sensible Stories
By , BusinessWeek, 09/01/2010
MarketMinder's View: “German unemployment declined for a 14th month in August after surging exports and investment fueled record economic growth in the second quarter.” Recent economic news coming from Germany has been overwhelmingly positive. For more, see our 08/16/2010 cover story, “Prost!”
Market Misperceptions
By , CNNMoney, 09/01/2010
MarketMinder's View:
Employment statistics are often volatile and offer little insight into where the economy is headed. Remember, growth always creates jobs—never the other way around.
Sensible Stories
By , International Business Times, 09/01/2010
MarketMinder's View: US manufacturing remains firmly in expansionary territory and increased month-over-month in July—a bullish sign for stocks.
Market Misperceptions
By , Associated Press, 09/01/2010
MarketMinder's View:
Despite the dour headlines, the American consumer isn’t dead! Compared with last August, US consumers spent slightly more. For more, see our 08/31/2010 cover story, “Retail Therapy.”
Sensible Stories
By , RTTNews, 09/01/2010
MarketMinder's View: In the latest FOMC minutes, the Fed reiterated it will provide additional economic stimulus if needed. Seems like smart policy to us, but it likely won’t be necessary.
Sensible Stories
By , Daily Finance , 09/01/2010
MarketMinder's View: M&A activity is bouncing back in a sign corporations are beginning to spend the record amounts of cash stored in their war chests. Cash-based M&As decrease the overall supply of equities and help boost stock prices.
Market Misperceptions
By , Reuters, 09/01/2010
MarketMinder's View:
Regulators shouldn’t start patting themselves on the back quite yet. The Dodd-Frank act is so new (and enormous), the final implications and usefulness of the bill won’t be known for many years.
Market Misperceptions
By , The Wall Street Journal , 09/01/2010
MarketMinder's View:
The Dow (a flawed index, in our opinion) logging a poor month doesn’t portend doom for the global economy. Over short periods, sentiment can drive stock prices. Recently, dour sentiment has become detached from a more positive reality. Positive fundamentals should move stocks higher before long.
Sensible Stories
By , Reuters, 09/01/2010
MarketMinder's View: Political gridlock? Bring it on! For more, see our 08/24/2010 cover story, “Gridlock Is Great.”
Market Misperceptions
By , Daily Finance, 08/31/2010
MarketMinder's View:
Probably not. The PIIGS have nearly all their funding for this year. And their funding needs for the next three years are covered, if necessary, by the EU/ECB/IMF bailout. Our guess is bailout funds won’t get tapped much, though, because bond auctions all over Europe (yes, even in the PIIGS nations) consistently see demand outstrip supply and monetary policy remains exceptionally easy.
Sensible Stories
By , Daily Finance, 08/31/2010
MarketMinder's View: Emerging Markets continue to lead the way in this global economic recovery.
Market Misperceptions
By , The New York Times, 08/31/2010
MarketMinder's View:
Problem banks exist in good and bad times, but more surface during and right after a recession. Other than that, the banking sector is looking healthier than it was in the past two years.
Market Misperceptions
By , Bloomberg, 08/31/2010
MarketMinder's View:
It’s perfectly nice that people feel more confident. And we think they should! But whether up or down, this is a broken, lagging indicator.
Sensible Stories
By , Daily Finance, 08/31/2010
MarketMinder's View: “This indicator has flashed multiple times during the past 20-plus years when there hasn’t been a crash.” That should end that. See our 08/26/2010 cover story, “Un-charted Territory,” for more.
Sensible Stories
By , The Wall Street Journal, 08/31/2010
MarketMinder's View: “Current and former central bankers from around the world said an uneven global economic recovery was likely to stay on track.” Likely true.
Market Misperceptions
By , EUbusiness, 08/31/2010
MarketMinder's View:
High, to be sure. But it’s simply normal for unemployment to stay high in a recovery. Growth will create jobs—jobs won’t create growth.
Market Misperceptions
By , Bloomberg, 08/31/2010
MarketMinder's View:
Sure, gold has been on a tear lately. But gold is prone to short booms and long busts. And over very long periods, its returns badly lag stocks and even bonds. See our 02/12/2010 cover story, “Gold’s Safety Blanket Myth,” for more.
Sensible Stories
By , Investment News, 08/30/2010
MarketMinder's View: The subtitle says it all: “Fear not…chart-based indicators have spotty records.”
Market Misperceptions
By , International Business Times, 08/30/2010
MarketMinder's View:
No one month is inherently more or less risky than another. Any differences in market return averages by month are the product of pure statistical quirks.
Sensible Stories
By , The Independent , 08/30/2010
MarketMinder's View: A quick and dirty rundown of some bright spots that exist around the globe.
Sensible Stories
By , The Wall Street Journal, 08/30/2010
MarketMinder's View: Despite a few bumps in the road, this recovery is still very much headed in the right direction. For more, see today’s cover story, “Wild Wyoming and Washington.”
Sensible Stories
By , The Globe and Mail, 08/30/2010
MarketMinder's View: Globally, monetary policy remains exceptionally easy.
Sensible Stories
By , The Wall Street Journal , 08/30/2010
MarketMinder's View: Despite all the fears “consumers are dead,” consumer spending is in fact growing.
Market Misperceptions
By , CNN Money, 08/30/2010
MarketMinder's View:
This is hardly surprising. Economists divided over the economy’s future is nothing new.
Market Misperceptions
By , CNN Money, 08/30/2010
MarketMinder's View: No one? We find that hard to believe. Easing credit is a great good thing.
Sensible Stories
By , Reuters, 08/27/2010
MarketMinder's View: A good example of how to read GDP. Adjustments are common, happen often, and don’t indicate the global recovery is faltering.
Sensible Stories
By , The Wall Street Journal , 08/27/2010
MarketMinder's View: And we’ll take it. Every bit of positive news matters, especially for the housing market.
Sensible Stories
By , Carpe Diem, 08/27/2010
MarketMinder's View: Friday’s GDP revision beat expectations, but even that belies the strong growth of the components therein.
Market Misperceptions
By , International Business Times, 08/27/2010
MarketMinder's View: It’s possible some government defaults at some point in the future, just as governments have for pretty much all modern history without dooming the global economy.
Market Misperceptions
By , Investor’s Business Daily, 08/27/2010
MarketMinder's View: Bottom line: debt isn’t as detrimental to economic health as most believe. Historically, some of the healthiest, strongest economies had high levels of debt. And today’s government debt is well within manageable levels.
Market Misperceptions
By , USA Today, 08/27/2010
MarketMinder's View:
Nope. Bears aren’t out to play just yet. Sure, investors are gloomy—and that’s a natural reaction to the ebbs and flows of market returns lately. But truth is, widespread pessimism provides some of the greatest buying opportunities.
Sensible Stories
By , The Wall Street Journal , 08/27/2010
MarketMinder's View: Positive news from the UK showing continued global recovery.
Sensible Stories
By , Bloomberg, 08/27/2010
MarketMinder's View: The global economic recovery has been progressing nicely, and central bankers have made it clear they’re going to do what’s necessary to keep the recovery on track.
Market Misperceptions
By , The New York Times, 08/27/2010
MarketMinder's View: It’s not? Last we checked, economic signs were pointed in that direction. Unemployment should hardly be a point of contention over why we’re experiencing the next recession. Jobs recover after the economy—always have, always will.
Market Misperceptions
By , The Wall Street Journal, 08/26/2010
MarketMinder's View: Of course he is! And he’s an interesting guy. But, as the joke goes, the Hindenburg Omen has predicted 14 of the last 3 bear markets. Please pay no attention to this blimp. For more, see today’s cover story, “Un-charted Territory.”
Sensible Stories
By , Seeking Alpha, 08/26/2010
MarketMinder's View: “Another thing this buyout process tells us is that the global economy is not as bad off as some like to think. If companies believed the economy (both US and global) were headed back to recession, they wouldn't be making buyout offers now. They'd wait until prices were lower.” Firms have major stockpiles of cash they are just beginning to deploy in myriad ways, and it’s bullish.
Market Misperceptions
By , MarketWatch, 08/26/2010
MarketMinder's View: Wait, so now the double-dippers must resort to calling 2% a recession because people feel like it’s a recession? Sorry, but 2% is still growth. Not a double dip. Not a recession. Call everything a recession by this measure. Heck, let’s say we’re in the deca-quadruple dip of the Great Recession. For more, read our 08/23/2010 cover story, “Dripping Away at the Double Dip.”
Market Misperceptions
By , Bloomberg, 08/26/2010
MarketMinder's View: OK. But he’s been wrong about the last four quarters. A heavy dose of speculation on backward- looking data shouldn’t deter investors from looking to stocks as a good investment opportunity.
Sensible Stories
By , Retuers, 08/26/2010
MarketMinder's View: Mixed, but all positive save Greece, which is hardly shocking. And this against a backdrop of a supposed Greek contagion. Overall, the eurozone is doing much better than anyone would have thought.
Market Misperceptions
By , Daily Finance, 08/26/2010
MarketMinder's View: The Fed, technically, can never, ever run out of bullets. It’s called quantitative easing, and they have been doing some of that.
Market Misperceptions
By , Daily Finance, 08/26/2010
MarketMinder's View: This is good news and a welcome relief. But don’t put too much stock in this. Employment numbers are normally volatile. We may get some improvement, then we may retreat a bit. But no matter how headlines paint this, growth creates jobs, not the other way around. It would be irrational for CEOs to hire in advance of a clear, sustained pickup in sales. Plus, productivity gains make hiring lag recovery even more.
Sensible Stories
By , Seeking Alpha, 08/26/2010
MarketMinder's View: Think a double dip is pre-ordained? Try taking a more measured view. Here are measurable statistics further supporting the case for an ongoing global recovery.
Market Misperceptions
By , The New York Times, 08/25/2010
MarketMinder's View:
Why anyone pays attention to the rating agencies (a.k.a. government mandated oligopolies) is beyond us. Also, note “that Ireland’s debt-raising [is] 99 percent complete for the year, and the Treasury is fully funded into the second quarter of next year.”
Sensible Stories
By , MSNBC, 08/25/2010
MarketMinder's View: Here’s something rare in the headlines of late: positive employment news.
Sensible Stories
By , Reuters, 08/25/2010
MarketMinder's View: The accrued cost of buying insurance against low-probability events usually outweighs the payoff (if there even is one)—that’s precisely what keeps insurers in business! Not a great long-term investing strategy.
Sensible Stories
By , Associated Press, 08/25/2010
MarketMinder's View: EU Monetary Affairs Commissioner Ollie Rehn offers a sensible (and unthinkable for many just months ago) assessment of the European economy: "A robust recovery is under way."
Market Misperceptions
By , CNBC, 08/25/2010
MarketMinder's View:
The current US economic situation is wildly different than the 1930s. For more, see our 07/02/2010 column, “Depression Economics II.”
Market Misperceptions
By , Seeking Alpha, 08/25/2010
MarketMinder's View:
This popular comparison is misguided. The US rapidly unleashed massive monetary and fiscal stimulus—Japan dawdled through the ‘90s. We don’t have deflation, just the fear of it. And there’s no need to wait—we’ve got a “real” recovery now,
Market Misperceptions
By , Associated Press, 08/25/2010
MarketMinder's View:
Japanese exports were up 23.5% in July from a year earlier! Sure, export growth is moderating—but from a record pace. This is fine news, not a sign of impending doom.
Market Misperceptions
By , The Wall Street Journal , 08/25/2010
MarketMinder's View:
July housing data disappointed—but unless the larger fundamental drivers powering growth reverse course, weak housing data likely won’t endanger the recovery. For more, see today’s cover story, “Distorted Housing’s a Drag.”
Sensible Stories
By , Taiwan News, 08/25/2010
MarketMinder's View: Unimaginable a few years ago, Taiwan and China are seeking to expand a recently signed free-trade agreement. In fact, free trade is on the up and up in Asia generally and elsewhere around the globe.
Sensible Stories
By , The Wall Street Journal , 08/25/2010
MarketMinder's View: Burgeoning consumer demand in Emerging Markets, some of it powered by recent government stimulus, should continue to help fuel the global recovery.
Sensible Stories
By , The Wall Street Journal , 08/25/2010
MarketMinder's View: Germany is leading the European recovery, “defying recent indications of a global slowdown.” For more, see our 08/16/2010 cover story, “Prost!”
Sensible Stories
By , The Motley Fool, 08/24/2010
MarketMinder's View: Despite what naysayers say, we still have a lot going for us here in the US—and that looks to continue for some time yet.
Sensible Stories
By , US News, 08/24/2010
MarketMinder's View: Bonds have a place in some investors’ portfolios, but, historically, stocks have consistently been a better bet than bonds for long-term investors. See our 08/19/2010 cover story, “Getting a Grip on Bonds,” for more.
Sensible Stories
By , The New York Times, 08/24/2010
MarketMinder's View: Companies are sitting on high stockpiles of cash—historically a good predictor of business spending. For more, see our 06/14/2010 cover story, “Cashlandia.”
Market Misperceptions
By , NPR, 08/24/2010
MarketMinder's View:
GDP growth falling from 12% y/y to 10.3% in one quarter isn’t much of a slowdown.
Sensible Stories
By , The Australian, 08/24/2010
MarketMinder's View: The global economy should benefit as Chinese and Emerging Markets’ appetites for steel and other building materials continue to grow.
Market Misperceptions
By , Associated Press, 08/24/2010
MarketMinder's View:
Despite what we read in headlines all the time, real estate doesn’t dictate where the economy or stocks are headed. Yes, real estate played a role in the financial panic, but there are a lot of positives happening in the economy outside of real estate.
Market Misperceptions
By , Bloomberg, 08/24/2010
MarketMinder's View:
European economic growth has been much better than expected recently, likely reducing the severity of austerity measures. See our 08/23/2010 cover story, “Dripping Away at the Double Dip,” for more.
Market Misperceptions
By , The Independent, 08/24/2010
MarketMinder's View:
Outside of housing (a small part of the overall economy) and employment (always a lagging economic indicator), the US economy is looking pretty darn good. Trade is up, manufacturing activity is up, corporate revenues and profits are up. The list of positives goes on and on.
Sensible Stories
By , Kiplinger, 08/24/2010
MarketMinder's View: Biases are bad in investing—period. The more investors can eliminate biases, the better investors they can become.
Sensible Stories
By , Seeking Alpha, 08/23/2010
MarketMinder's View: “It is no surprise that the fastest growing economies are in the Emerging Markets.” And that’s translated into strong returns for emerging markets stocks since this bull market began. The economies and stocks of a particular country or region don’t always move in lockstep, but strong economic strength in emerging markets should bode well for shares there.
Market Misperceptions
By , Guardian , 08/23/2010
MarketMinder's View:
Last time we checked the US economy was, um, recovering. Sure, every nation has its problems, but they’re a very normal part of any economy and not likely to derail the current recovery.
Market Misperceptions
By , The Wall Street Journal , 08/23/2010
MarketMinder's View:
How much credibility do the ratings agencies really have at this point? Not much in our view. Bond prices and the resulting yields are a better indicator of default risk.
Market Misperceptions
By , The New York Times, 08/23/2010
MarketMinder's View:
This isn’t all that surprising. Unfortunately, individual investors have a bad habit of selling stocks when they should be buying and vice versa. See our 02/24/2010 column, “Don’t Go With the (Fund) Flow,” for more.
Sensible Stories
By , The Sydney Morning Herald, 08/23/2010
MarketMinder's View: While Australia hasn’t seen a hung parliament in 70 years, this is a very normal phenomenon around the world and shouldn’t rattle markets. Indeed, markets often cheer the resulting gridlock.
Market Misperceptions
By , Telegraph, 08/23/2010
MarketMinder's View:
“The euro crisis has not gone away. It has merely been masked by other factors. It is still brewing away, ready to re-emerge.” Nonsense. Recent PIIGS debt sales have gone off without much of a hitch at unspectacular rates. And the PIIGS have virtually all their funding needs covered for the rest of the year without tapping the EU/IMF/ECB aid package (except Greece). For more, see our 06/08/2010 cover story, “We’re Okay, Euro Okay.”
Sensible Stories
By , Carpe Diem, 08/23/2010
MarketMinder's View: Turns out a little uncertainty and gridlock just so happens to be positive for returns. This isn’t surprising to us.
Market Misperceptions
By , Daily Finance, 08/23/2010
MarketMinder's View:
“The market has the emergency brake on [until the elections] and the long-term investors have fled the market.” We highly doubt this—long-term investors know the markets ebb and flow and to reap the benefits, it’s best to stay in and weather these minor blips.
Sensible Stories
By , Daily Finance, 08/23/2010
MarketMinder's View: M&A is alive and well. This is a good thing for stocks and the general health of the overall economy. For more, see our 08/20/2010 cover story, “It’s Not Always Sunny in Philadelphia.”
Market Misperceptions
By , Telegraph, 08/20/2010
MarketMinder's View:
Actually, it’s fading away quite steadily. Greece’s austerity measures have had encouraging results, which is why the EU agreed to lend it more money. See our 08/06/2010 cover story, “Hermes Delivers,” for more.
Market Misperceptions
By , Reuters , 08/20/2010
MarketMinder's View:
This CBO forecast is based on backward-looking economic indicators. Ignore.
Sensible Stories
By , The Wall Street Journal , 08/20/2010
MarketMinder's View: Cash- and debt-based buyouts reduce stock supply, which is a bullish force. Plus, that companies are making purchases underscores companies are in strong positions and sitting on large cash hoards waiting to be spent.
Sensible Stories
By , Carpe Diem, 08/20/2010
MarketMinder's View: It’s Warren Buffett’s favorite economic indicator for good reason: Higher rail volume means shipping is up, which means orders are up, which means sales are up, which means manufacturing will be up, and … well, you get the idea.
Market Misperceptions
By , Reuters, 08/20/2010
MarketMinder's View:
Well, yes. But when has economic (and jobs) recovery ever been consistent? Some states recover faster, some slower—what matters is recovery is happening overall.
Sensible Stories
By , The Wall Street Journal, 08/20/2010
MarketMinder's View: Emerging Markets continue to chug upwards, pulling the global economy along.
Sensible Stories
By , Slate, 08/20/2010
MarketMinder's View: Here’s a well-written piece highlighting differences between the US and Japan. Simply, there’s far more differences than similarities, and the US is in far better shape than Japan was at the start of its so-called “Lost Decade.”
Sensible Stories
By , Seeking Alpha, 08/19/2010
MarketMinder's View: Depends on your personal situation. But over the long haul, stocks outperform bonds—consistently. For more, see today’s cover story, “Getting a Grip on Bonds.”
Market Misperceptions
By , MarketWatch, 08/19/2010
MarketMinder's View: The great lagging indicator strikes fear yet again. An improving economy will eventually lead to employment improvement, not the other way around.  For more, see our 08/05/2010 cover story, “A Watched Pot Still Boils.”
Sensible Stories
By , AFP, 08/19/2010
MarketMinder's View: Despite the title, a very sensible view on why US regulatory brouhaha and sentiment stymied the market earlier this year. No matter how you feel about the legislation, what’s likely to pass has passed. That means less uncertainty going forward—a good thing for stocks.
Market Misperceptions
By , MarketWatch, 08/19/2010
MarketMinder's View: Gold buzz is heating up again, but we prefer stocks for the long haul. For more, see our 02/12/2010 cover story, “Gold’s Safety Blanket Myth.”
Market Misperceptions
By , Bloomberg, 08/19/2010
MarketMinder's View: The budget deficit is admittedly huge, but that’s the result of  lower tax receipts coming out of recession and stimulus spending. An improving economy will increase tax receipts and stimulus spending won’t go on forever, so don’t expect this level of deficit to persist in perpetuity. For more, see our 06/10/2010 cover story, “Debunking Debt Concerns.” 
Sensible Stories
By , USA Today, 08/19/2010
MarketMinder's View: Yes, yes, yes! Historically, capital spending is a solid predictor of employment growth. For more, see our 08/13/2010 cover story, “Employment on Capital Spending’s Heels.”
Sensible Stories
By , Associated Press, 08/19/2010
MarketMinder's View: “The Office for National Statistics reported that retail sales volumes rose 1.1 percent in July, the strongest gain since February and well above the average 0.4 percent forecast by economists.” Good news from across the pond.
Market Misperceptions
By , Telegraph, 08/18/2010
MarketMinder's View:
More meaningless pessimism from the rating agencies.  According to Moody’s, sovereign nations like the US, UK, Germany, France, and Spain that "fail to demonstrate the level of social cohesion required to stabilize debt" will lose their AAA rating. Luckily, the ratings doled out by Moody’s and their ilk are mostly meaningless!
Sensible Stories
By , The Motley Fool, 08/18/2010
MarketMinder's View: US “large caps are cheap not only by stand-alone metrics like P/E ratios, but relative to bonds.” We couldn’t have said it better ourselves.
Market Misperceptions
By , The Wall Street Journal , 08/18/2010
MarketMinder's View:
Be wary of dour headlines. Malaysian GDP grew 8.9% in the second quarter—slightly less than the 10.1% blistering pace of expansion in Q1—hardly a sign for concern. For more, see our 08/11/2010 cover story, “Hungry Bears.”
Market Misperceptions
By , Associated Press, 08/18/2010
MarketMinder's View:
Economic activity—like increased manufacturing—leads job creation. As cash-rich US firms increase capital spending, job creation typically follows. For more, see our 08/13/2010 cover story, “Employment on Capital Spending’s Heels.” 
Sensible Stories
By , The Wall Street Journal , 08/18/2010
MarketMinder's View: Important US manufacturing sectors, including aircraft, appliances, and chemicals, posted gains in July—signaling worries about slowing growth and lack of demand are likely overblown.
Sensible Stories
By , Bloomberg, 08/18/2010
MarketMinder's View: Global trade is booming. In Emerging Markets (like India) demand is so strong automakers are running out of parts—very bullish for global stocks. For more, see our 08/10/2010 cover story, “Got It Made With Global Trade.”
Sensible Stories
By , The Wall Street Journal , 08/18/2010
MarketMinder's View: We agree wholeheartedly—stocks have a greater ability to outperform bonds. However, investors should seek out a well-diversified global portfolio, not just “stocks paying high dividends.”
Sensible Stories
By , The Wall Street Journal , 08/18/2010
MarketMinder's View: Germany, and the German consumer, continue to be a bright spot in the eurozone recovery.
Market Misperceptions
By , The Street , 08/18/2010
MarketMinder's View:
Kaput? Maybe, but not quite yet. Tuesday’s conference on Fannie and Freddie hardly produced anything of substance. For more, see today’s cover story, “Fruitlessly Fearful.”
Sensible Stories
By , BusinessWeek, 08/18/2010
MarketMinder's View: The Brazilian central bank is, not surprisingly, predicting accelerating GDP growth for this global economic hotspot.
Market Misperceptions
By , Bloomberg, 08/18/2010
MarketMinder's View:
China may be diversifying its debt holdings, but fear not. Despite diversifying its debt holdings and loosening the Yuan peg to the dollar, China isn’t abandoning US debt anytime soon. For more, see our 07/08/2010 cover story, “Still a Yuan for US Debt.”
Sensible Stories
By , CNN Money, 08/17/2010
MarketMinder's View: As the credit market eases, small business bank lending is starting to improve.
Sensible Stories
By , Bloomberg via Investment News, 08/17/2010
MarketMinder's View: We have thought so all along. But certainly, dour sentiment extremes are typically a great time to get in if you’ve been on the sidelines.
Sensible Stories
By , The Wall Street Journal, 08/17/2010
MarketMinder's View: Honestly, where is all this deflation people keep talking about? In the UK, consumer prices were positive. What’s more, dreaded hyperinflation is nowhere to be seen.
Market Misperceptions
By , Bloomberg, 08/17/2010
MarketMinder's View:
The recovery is doomed because the euro is weak? Nonsense. Since when did stocks require a strong euro to rise? Plus, the EMU overall is doing just fine, thanks. Greece’s woes have failed to pull its neighbors down. For more, see our 08/16/2010 cover story, “Prost!”
Sensible Stories
By , Bloomberg, 08/17/2010
MarketMinder's View: US production increases—still more evidence the ongoing recovery is on fine footing.
Sensible Stories
By , MarketWatch, 08/17/2010
MarketMinder's View: Once again, fears the world will “abandon” US debt securities are unfounded.
Market Misperceptions
By , Daily Finance, 08/17/2010
MarketMinder's View:
Yep, the growth rate slowed a bit in Q2 (but was still positive). But why is everyone suddenly thinking the past is predictive of the future? For more, see our 08/11/2010 cover story, “Hungry Bears.”
Market Misperceptions
By , CNN Money, 08/17/2010
MarketMinder's View:
“Bonds just don't have the same ‘ugly’ downside as stocks.” Au contraire. Bonds can and do lose value—like in 2009 when Treasuries fell 9% while stocks soared! True, bonds have less near-term volatility, but long term, their returns pale in comparison with stocks.
Market Misperceptions
By , The Wall Street Journal, 08/17/2010
MarketMinder's View:
This is just the same old “consumers are dead” story heard after every recession. And after every recession, the story is just plain wrong. For more, see our 06/29/2010 cover story, “The Consumer Lives!”
Sensible Stories
By , USA Today, 08/16/2010
MarketMinder's View: Volatility is a fact of life. You can’t avoid it in investing. That said, Emerging Markets still look poised to continue their strong growth, which should translate to higher stock prices overall. A well-diversified global portfolio would do well to include some EM stocks.
Market Misperceptions
By , International Business Times , 08/16/2010
MarketMinder's View:
Sure, there may be disparity among countries within a continent, but this doesn’t discount the fact eurozone Q2 GDP came in significantly higher than expected. For more, read our 08/16/2010 cover story, “Prost!”
Sensible Stories
By , BBC News, 08/16/2010
MarketMinder's View: More evidence deflation isn’t taking hold. Moreover, inflation remains quite tame—very positive.
Market Misperceptions
By , The Sydney Morning Herald, 08/16/2010
MarketMinder's View:
They’ve been buying a lot of European bonds, but they still buy a whole lot of US bonds. There’s nothing alarming about a nation diversifying its reserves a bit.
Market Misperceptions
By , The Wall Street Journal, 08/16/2010
MarketMinder's View:
This is mostly bemoaning unemployment, which frequent MarketMinder readers will know is a classic lagging indicator. Unemployment should and will remain high even after an economic recovery is well underway. That’s normal and not a precursor to doom.
Sensible Stories
By , Bloomberg via BusinessWeek, 08/16/2010
MarketMinder's View: Once again, fears of the world dumping US debt are unfounded.
Sensible Stories
By , USA Today, 08/16/2010
MarketMinder's View: Due to Japan’s weaker economic figures of late, China is set to overtake Japan and stake its claim as the world’s second largest economy.
Market Misperceptions
By , The New York Times, 08/13/2010
MarketMinder's View: Jeez, Louise. We’d hardly call what has happened at the Fed over the last 18 months “paralysis.” They met the slowing economy and credit freeze with a historically massive wall of stimulus. This was the opposite of what was done in Japan. A little fact-checking, please. For more, see our 08/11/2010 cover story, “Hungry Bears.”
Sensible Stories
By , The Washington Post, 08/13/2010
MarketMinder's View: “As economic growth has broadened and quickened in recent decades, world-class manufacturing companies have emerged from many countries.” Manufacturing continues to shine during this recovery. For more, see our 08/03/2010 cover story, “Fuzzy Manufacturing Math.”
Market Misperceptions
By , Daily Finance, 08/13/2010
MarketMinder's View: Shouldn’t we wait for all the current stimulus to be fully disbursed before we go pumping more into the economy? A multi-billion dollar stimulus takes time to trickle down and takes even longer to feel the effects. Be patient.
Sensible Stories
By , The Wall Street Journal, 08/13/2010
MarketMinder's View: While we’re not getting down on the recovery, we do agree less is more when it comes to unnecessary government intervention.
Market Misperceptions
By , The Wall Street Journal, 08/13/2010
MarketMinder's View: People are too bullish? Who are these people? And the Fed is nervous? How can the Fed be nervous? It’s an institution, not a person. Institutions aren’t nervous. And why is Labor Day inherently problematic? And gridlock is a great good terrific fabulous bullish thing. Just disregard all this.
Sensible Stories
By , The New York Times, 08/13/2010
MarketMinder's View: An excellent anecdote reminding us that 1) derivatives in and of themselves aren’t evil, and 2) even the best intentioned legislation typically results in unintended consequences.
Market Misperceptions
By , 24/7 Wall St, 08/13/2010
MarketMinder's View: To be clear, a recession isn’t when people report in a poll that it feels like a recession. A recession is, generally, when the economy shrinks. The economy is not and has not been shrinking. People are just gloomy, which is natural following a recession, but doesn’t portend a future recession. 
Market Misperceptions
By , The Street, 08/13/2010
MarketMinder's View: Another problem with definitions. Prices broadly rose in July. Rose! Rising prices aren’t deflation. Deflation is broadly falling prices, and that seems unlikely thanks to the massive monetary stimulus the world’s central banks unleashed over the last 18 months.
Sensible Stories
By , Bloomberg, 08/13/2010
MarketMinder's View: A stabilizing sign for the economy—one of the largest factors in the US economy is gaining confidence, nothing to scoff at.
Sensible Stories
By , The Wall Street Journal, 08/13/2010
MarketMinder's View: Full steam ahead. The eurozone is growing at a pace unseen in four years, with Germany leading the way.
Market Misperceptions
By , Fortune, 08/12/2010
MarketMinder's View: Answer:  Nope.  The economy is not contracting—it’s still expanding, albeit at a slower rate than the quick bounce off the bottom. For more, see our 08/11/2010 cover story, “Hungry Bears.”
Market Misperceptions
By , Associated Press, 08/12/2010
MarketMinder's View: Folks wrongly focus on the trade deficit when they should focus on the total amount of global trade—which is increasing! For more, see today’s cover story, “Trading Up.”
Sensible Stories
By , MSN Money, 08/12/2010
MarketMinder's View: Not likely. “Executives are starting to realize that pinching pennies won't work anymore. Increased investment is required to grow revenue and maintain profitability” Yep. Firms are sitting on historically massive stockpiles of cash, and the deployment of that cash should be very bullish. For more, see our 06/14/2010 cover story, “Cashlandia.”
Market Misperceptions
By , The New York Times, 08/12/2010
MarketMinder's View: We see no reason why strong earnings in Asia (and elsewhere) can’t continue. Further, this article doesn’t provide any evidence to the contrary.
Sensible Stories
By , Telegraph, 08/12/2010
MarketMinder's View: Well, yes. Greece isn’t in terrific economic shape, and austerity in the near term likely will have some negative impacts. However, particularly for nations in the fiscal state Greece is in, austerity can have longer-term structural benefits stemming from increased privatization and a reduction in the size of government—it’s a marathon, not a sprint. See our 08/06/2010 cover story, “Hermes Delivers,” for more.
Market Misperceptions
By , CNN Money, 08/12/2010
MarketMinder's View: Companies are cash-rich and investing in new equipment and making other capital expenditures, so increasing staffing should be just around the corner. For more, see our 08/09/2010 cover story, “Titus Maccius Plautus on US Unemployment.”
Sensible Stories
By , Carpe Diem, 08/12/2010
MarketMinder's View: Yes! The correct way to think about global trade! Focusing on net exports is simply wonky. We benefit in myriad ways from importing goods others make more cheaply and efficiently. Plus, increased imports is a sign of economic vibrance!
Market Misperceptions
By , The New York Times, 08/11/2010
MarketMinder's View:
When it comes to Chinese economic data, the pundits seem to think it’s either too hot or too cold. For now, we think the Chinese economy is doing just fine. For more, see our 07/12/2010 cover story, “The Long March.”
Market Misperceptions
By , The Wall Street Journal , 08/11/2010
MarketMinder's View:
The buzz words du jour from the Fed on the state of the recovery are "more modest." While some economic indicators might be “more modest” than expected, the recovery is simply easing off the initial surge—not contracting. For more, see today’s cover story, “Hungry Bears.”
Market Misperceptions
By , Bloomberg, 08/11/2010
MarketMinder's View: We agree the tax, health care, retirement, and financial systems could benefit from some simplification, but saying the US is “worse off than Greece” is utterly-wrongheaded.
Sensible Stories
By , Fortune, 08/11/2010
MarketMinder's View: While bank regulators may be “at the top of the list of people struggling to figure out how to downgrade the credit rating agencies”—we’re struggling to figure out why anyone pays attention to ratings agencies in the first place.
Sensible Stories
By , MarketWatch, 08/11/2010
MarketMinder's View: Despite slightly missing expectations, the Russian economy participated in the global recovery by expanding 5.2% in the second quarter. Pozdravlyayu comrades!
Market Misperceptions
By , Reuters, 08/11/2010
MarketMinder's View:
Well, fine. China is free to buy anyone’s debt, and they do! They just happen to buy lots more of America’s debt because no nation can match our credit markets for depth and security. Japanese debt safer than US debt? Simply not true. US debt is the global gold standard, and will be for the foreseeable future. For more, see our 07/08/2010 cover story, “Still a Yuan for US Debt.”
Market Misperceptions
By , The Wall Street Journal, 08/11/2010
MarketMinder's View:
Our recommendation is to ignore any economic analysis that includes a berating of anyone who likes cupcakes. What is so wrong with cupcakes? They’re tasty.
Sensible Stories
By , RTT News, 08/11/2010
MarketMinder's View: More encouraging economic news from Brazil. For more, see our 06/11/2010 cover story, “Improvements for the Average Joao.”
Sensible Stories
By , EU Business, 08/11/2010
MarketMinder's View: Austerity measures appear on track in Greece. Financial housekeeping isn’t fun, but the overall benefits of the austerity measures will outweigh any short-term discomfort. For more, see our 07/21/2010 cover story, “Dear Prudence.”
Market Misperceptions
By , Reuters, 08/10/2010
MarketMinder's View:
As the article itself admits, a lot can change between now and two years from now. Long-term economic forecasts are a dime a dozen—and often prove to be worth far less.
Market Misperceptions
By , The Street, 08/10/2010
MarketMinder's View:
Tax dollars simply cannot sustainably support the economy—you need private businesses for that. Firms are lean and mean, profitable, and cash-rich once again. Next, they’ll start hiring.
Sensible Stories
By , The Wall Street Journal, 08/10/2010
MarketMinder's View: One of the best articles we’ve seen in awhile explaining why bullishness makes more sense than bearishness now.
Market Misperceptions
By , Daily Finance, 08/10/2010
MarketMinder's View:
Booming trade is a key pillar to economic growth, but don’t forget imports. It’s total global trade that counts. See today’s cover story, “Got It Made With Global Trade,” for more.
Sensible Stories
By , The Australian, 08/10/2010
MarketMinder's View: Long-term performance is all about fundamentals—the market’s short-term vagaries, which technical analysis attempts to capitalize on, are mostly random and unpredictable.
Market Misperceptions
By , The Australian, 08/10/2010
MarketMinder's View:
July imports were up 22.7% y/y versus a huge 34.1% increase in June. Slower? Sure. Grinding to a halt? Hardly. Plus, China’s 38.1% y/y export growth shows healthy global demand. 
Sensible Stories
By , Time, 08/10/2010
MarketMinder's View: As we thought might happen, recent European debt fears now appear overblown. See our 07/15/2010 cover story, “On PIIGS and Needles,” for more.
Sensible Stories
By , The Wall Street Journal, 08/10/2010
MarketMinder's View: The Fed will keep the system liquid by reinvesting proceeds from expired mortgage-backed securities into longer-term US Treasuries. And just how lethal were all those “toxic assets”? Rather than blow up the Fed’s balance sheet, they matured.
Market Misperceptions
By , CNN Money, 08/09/2010
MarketMinder's View: “It's time to put to bed this silly notion that the still weak labor market is nothing to worry about because jobs are a lagging economic indicator.” Nothing is silly about the facts. Historically, the economy recovers, then the job market. If that weren’t the case, every increase in unemployment would result in a never-ending downward economic spiral. For more, see today’s cover story, “Titus Maccius Plautus on US Unemployment.”
Market Misperceptions
By , The Wall Street Journal, 08/09/2010
MarketMinder's View:
Let’s not forget the economy is expanding. Nominal US GDP reached an all-time high in Q2. We’re in no need of a “Hail Mary” yet.
Sensible Stories
By , Investment News, 08/09/2010
MarketMinder's View: As more companies continue to report strong profits, the market recovery proves it has the legs to stand on. For more, see our 07/23/2010 cover story, “Earnings to Fly.”
Sensible Stories
By , Telegraph, 08/09/2010
MarketMinder's View: This is an important lesson to remember. Investors shouldn’t be so quick to pull the trigger over typical stock market volatility—focus on the long term.
Sensible Stories
By , Daily Finance, 08/09/2010
MarketMinder's View: “Investors are afflicted in these uncertain times with a common malady: Obsessive impatience.” The world is never perfectly pristine. Investors awaiting a flawless investing environment will be waiting forever. Literally.
Market Misperceptions
By , CNN Money, 08/09/2010
MarketMinder's View: Not officially, according to NBER. But the official end is never declared until well after recovery is evident. Virtually all US economic measures have shown significant improvement over the past year. Unemployment is the big exception—about flat from a year ago—but it’s consistently a lagging indicator.
Sensible Stories
By , Telegraph, 08/09/2010
MarketMinder's View: Global trade thrives—a positive sign for the overall economy.
Market Misperceptions
By , Seeking Alpha, 08/09/2010
MarketMinder's View: Maybe. Maybe not. Currencies fluctuate constantly. But exchange rate changes matter little for stocks.
Sensible Stories
By , RTT News, 08/06/2010
MarketMinder's View: Spain, one of the troubled PIIGS in headlines lately, looks to be on the road to recovery.
Sensible Stories
By , The Wall Street Journal, 08/06/2010
MarketMinder's View: Despite doubts, Greece has successfully implemented its austerity plan so far and passed IMF/EU reviews, who determined the country is eligible to receive further aid. See today’s cover story, “Hermes Delivers,” for more.
Sensible Stories
By , The New York Times, 08/06/2010
MarketMinder's View: More evidence an investor’s worst enemy is himself (or herself, to be fair). “The reality is investing successfully is hard.”
Sensible Stories
By , The Motley Fool, 08/06/2010
MarketMinder's View: “Many second-quarter reports are showing strong signs that companies are willing to spend again.” And once they do, expect to see a huge boost in the pace of global economic recovery. See our 08/04/2010 cover story, “Cash Is Cheap,” for more.
Market Misperceptions
By , Daily Finance, 08/06/2010
MarketMinder's View: Simple fact: Unemployment recovers well after stocks and the economy do. The good news is private sector jobs were added—albeit slowly, but that’s still a positive, not a negative. Employers will start hiring in earnest once the economic recovery is on firmer ground.
Market Misperceptions
By , The Wall Street Journal, 08/06/2010
MarketMinder's View:
Since when is an overall positive GDP reading been considered a slowdown?
Market Misperceptions
By , Slate, 08/06/2010
MarketMinder's View: We find this whole premise to be a bit puzzling. Of course central banks have the tools to battle deflation. We just witnessed it! A global wall of monetary stimulus aimed at counteracting slowing velocity.
Market Misperceptions
By , The Washington Times, 08/06/2010
MarketMinder's View: We’d be the last to ever defend the actions of Congress, but as a nation, we’re nowhere near default. Plus, this is utterly the wrong way to consider debt. The proper way is “net debt”—debt held by the public. And that amount is much lower.
Sensible Stories
By , International Business Times, 08/06/2010
MarketMinder's View: More proof economic recovery is underway in the UK.
Market Misperceptions
By , Slate, 08/05/2010
MarketMinder's View: Businesses are going to make business decisions that are in their best interests. That’s how capitalism works and is ultimately good for the economy. Wage increases or other employee benefits that don’t make good business sense might provide a short-term boost for some, but end up as long-term problems.
Market Misperceptions
By , USA Today, 08/05/2010
MarketMinder's View: Despite the tone of this title, gains are positive. Of course everyone prefers “robust” vs. “modest”—but we’ll take gains any day of the week. 
Sensible Stories
By , Bloomberg, 08/05/2010
MarketMinder's View: “Greece has shown ‘great progress’ in implementing austerity measures to cut the European Union’s second-biggest budget gap and should qualify for a 9 billion-euro ($11.8 billion) installment of emergency loans.” Greek austerity measures are proceeding as planned, greatly reducing any chance (already very slim in our view) of default.
Market Misperceptions
By , Bloomberg, 08/05/2010
MarketMinder's View: Employment (or unemployment) is a hot-button topic and conflicting figures—today’s increase in initial claims vs. yesterday’s increase in payroll enrollment, for example—tend to churn sentiment. No matter how you slice it, backward-looking employment data don’t tell much about where the economy or stocks are headed. For more, see today’s cover story, “A Watched Pot Still Boils.”
Market Misperceptions
By , Daily Finance, 08/05/2010
MarketMinder's View: The author should check his own data. Despite supposedly falling savings in Japan, Japanese government bonds have near-record low yields. Japan’s savers aren’t the only source of demand for Japanese government debt.
Sensible Stories
By , Bloomberg, 08/05/2010
MarketMinder's View: It wasn’t long ago Argentina—South America’s second largest economy—was restructuring its debt. Now, a booming economy has greatly improved this Emerging Market’s prospects. For more, see our 01/19/2010 cover story, “A Race We All Win.”
Market Misperceptions
By , Telegraph, 08/05/2010
MarketMinder's View: Now, how exactly do they calculate the 25% chance alluded to? Is that high? What are the chances usually? Surely they’re never zero. There are always risks facing the economy and stock market, but there are also forces driving both higher. We believe the positive forces currently have a distinct upper hand.
Sensible Stories
By , Reuters, 08/05/2010
MarketMinder's View: The housing market still faces challenges, but record low mortgage rates undoubtedly help.
Sensible Stories
By , Reuters, 08/05/2010
MarketMinder's View: “The fact that hiring is more robust than a year ago points to a general improvement in the nation's hiring conditions as the economy continues its slow but steady recovery." Enough said.
Market Misperceptions
By , MarketWatch , 08/04/2010
MarketMinder's View:
Does American companies “out in the bond market borrowing as fast as they can” sound odd to us? Not at all. Borrowing rates are exceptionally low for highly rated companies, and opportunities to use profitably borrowed funds abound. For more, see today’s cover story, “Cash Is Cheap.”
Sensible Stories
By , The Motley Fool, 08/04/2010
MarketMinder's View: Yes, they can! For more, see our 07/23/2010 cover story, “Earnings to Fly.”
Market Misperceptions
By , The Independent , 08/04/2010
MarketMinder's View:
The UK Markit/CIPS services PMI expanded in July—EXPANDED—just not as much as in June. How does expansion portend a double dip?
Market Misperceptions
By , Telegraph , 08/04/2010
MarketMinder's View:
We don’t agree with all the conclusions here or the liberal use of the overused term “bubble.” But there is certainly one thing we can agree upon: “The political elites cannot seem to understand what has happened.”
Sensible Stories
By , International Business Times, 08/04/2010
MarketMinder's View: You wouldn’t know it from the recent dour headlines, but the ISM’s services PMI logged its seventh consecutive month of expansion.
Sensible Stories
By , The Wall Street Journal , 08/04/2010
MarketMinder's View: While the labor market is by no means recovered, small businesses hired more workers than expected in July.
Sensible Stories
By , Daily Finance, 08/04/2010
MarketMinder's View: “The market hates uncertainty.” We couldn’t have said it better ourselves.
Sensible Stories
By , CNN Money, 08/04/2010
MarketMinder's View: The economically sensitive travel industry is posting strong earnings—looks like consumers are spending after all. For more, see our 06/29/2010 cover story, “The Consumer Lives!”
Market Misperceptions
By , The Street , 08/04/2010
MarketMinder's View:
A clever ways to report positive employment news as bad. The “layoff gallery” is particularly creative. It’s no secret employment is lagging improvement in the overall economy—it always does.
Market Misperceptions
By , CNN Money, 08/03/2010
MarketMinder's View:
Nope, it sure isn’t. And you know what happens when it ends? Businesses will spend hoarded cash with positive economic effects. For more, see our 06/14/2010 cover story, “Cashlandia.”