201005.31
5
0

Whiplash

A month ago stocks were trading near recent highs on improving corporate earnings and a steadily improving US economic backdrop. Investors were not euphoric but a certain amount of complacency had crept into the market with the volatility index at levels that indicated little in the way of demand for downside protection. Individual investors were not…

201005.31
Off
0

Weekly Economic and Market Review

The economic data last week continued to show strength but there were hints of a softening in a few reports which the bears seized on to make their case. For now, I don’t think the data supports the idea of a double dip recession but there are plenty of people who want to believe it so…

201005.27
Off
0

Shelton: Recovery Starts With Sound Money

Judy Shelton in the WSJ: The euro is beset with fiscal calamities that threaten its downfall, and markets in the U.S. are roiled by uncertainty over the government’s financial regulatory legislation. But don’t worry. Treasury Secretary Timothy Geithner meets with European finance officials today to discuss the economic situation. According to a Treasury Department statement,…

201005.27
Off
0

Mobius Buying BRIC Stocks

Mark Mobius at Templeton is buying BRIC stocks: May 27 (Bloomberg) — Templeton Asset Management Ltd.’s Mark Mobius said he’s been buying stocks in Brazil, Russia, India and China in the past month and called the slump in emerging-economy shares a “correction” in a bull market. “Despite the fact that a lot of people think…