S&P500 Index to Profits at all U.S. companies | The Big Picture
More stories to justify bull market
“Dutta said “The stock market’s performance has been well supported.””
Fading Bull | Investment content from WealthManagement.com
Money managers are all in
“Part of it is clients are finally seeing years and years of decent performance on the board, and saying, ‘Well, maybe it’s not so risky after all,’” Smith says. “‘Now that [the market is] up 50 percent, maybe I should get back in.’”
Excluding market performance, 79 percent of advisors said clients have invested more new dollars than they have withdrawn in the past year, versus only 6 percent who said clients withdrew more than they added, according to the REP. report. The net increase in new money was even more prevalent among the regional and independent RIA firms, at 87 percent and 84 percent of advisors, respectively.
Benjamin Franklin – select quotes
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.
~ in Memoirs of the Life and Writings of Benjamin Franklin”
David Simon | We are shocked, shocked…
Mish’s Global Economic Trend Analysis: Nouriel Roubini Seriously Misguided on Gold, on Equities, on Economic Growth, on Money
Mish reads Nouriel Roubini’s paper and is shocked by his ignorance.
I’m left to wonder if Roubini has taken leave of his senses or has he been an idiot all along. Leaning towards the later.
Mish’s Global Economic Trend Analysis: China Ponders Tariffs on EU Wine in Response to EU Tariffs on Solar Panels; Repetitive Stupidity
“Time and time again, politicians place tariffs to “protect” jobs. In turn this provokes retaliation. This retaliation by China is mild so far. The implied threat is tariffs on Airbus or industrial components from Germany.”
Forward Markets: Macro Strategy Review | The Big Picture
How to predict the stock market correctly every time : Wealthcop : WealthCop.com
“Instead of raindancing (you dance as long as it takes for it to rain, then claim credit), someone should show him how to create a perfect track record and get money out of 1/8 of the audience every time”
Sadly, this is often how the newsletter business works http://t.co/TXWTiC3vFX (WealthCop)
BIS records startling collapse of eurozone interbank loans – Telegraph
How long will it take for equity markets to notice?
“Morgan Stanley said emerging markets face a “mini sudden-stop” as bond flows dry up. The retreat is driven by fears that the Fed will soon taper its bond purchases, draining dollar-based liquidity.
The BIS figures show that British banks are heavily exposed to the developing world, with $919bn of loans, more than the Americans ($794bn), French ($473bn) or Germans ($307bn).”
BIS documents collapse of EU interbank loans. No surprise. Banks insolvent puts unsecured creditors at risk of loss http://t.co/ZBCHmkXPTI
WSJ On Citi Bikes – Business Insider
Funniest things I’ve read in a while.
“Do not ask me to enter the minds of the totalitarians running this city.”
How to Play Well With China – NYTimes.com
Article misunderstands relationship between China and America.
“China, meanwhile, has been backsliding on market access for American companies, has failed to protect American intellectual property and has invested in a program of “indigenous innovation” that unfairly restricts foreign investment in China’s technology sector at a time when Chinese investment in the American economy is growing rapidly. Conflict in cyberspace is also intensifying, and there is evidence that Chinese hackers are seeking to spy, steal and sabotage — endangering American intellectual property. This is an area where Mr. Obama must continue to vigorously defend American interests.”
Leaked Fed minutes send marts tumbling – NYPOST.com
“Friday afternoon’s stock market swoon had many equity analysts grasping for answers.
The Dow Jones industrial average fell over 200 points in the final hour of trading with an almost 80 point sell off in the final six minutes.”
The NY Post blames leaked Fed mins for Fri late day rout. http://t.co/Izzdae3gl8 Yet mins were out on 5/22. What are they talking about?
Posted from Diigo. The rest of my favorite links are here.