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Links for you

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  • Goodbye, yellow brick road! (Doug Kass)

  • Could we have less talk about gloom and about doom in 2010? (Money)

     Most people stink at market timing. Investors pull money out of stock funds (MarketWatch)

  • The Housing Crisis and Wall Street Shame (Robert Reich)

  • Are we coming out of recession? (Market Talk)

  • Get ready for half a recovery (New York Times)


  • One in six companies on the Standard & Poor’s 500 index may raise its next dividend payment (Bloomberg)
  • I’m always suspicious about the market [but that doesn’t mean I don’t find opportunities] (Jutia)

  • Dangers of an overheated China (New York Times)

  • Brazil GDP to Grow 6.1% in 2010 (Bloomberg)

  • 15 european banks now have assets larger than their domestic economies (Fund My Mutual Fund)

  • Correlation between the world’s tallest buildings and economic downturns (AlphaDinar)

  • Need a reminder? (Memorari)

  • RIP Mark Pittman (Bloomberg)

  • Life of a blogger (Slope Of Hope)

  • Marc Faber's 2010 Investment Outlook: Bullish Sentiment Too High For His Liking

    Always the contrarian, Marc Faber’s investing advice for 2010 is this — listen to the experts, and then do the opposite. Faber, the editor of The Gloom Boom & Doom Report, wrote in his most recent January newsletter that he was bullish on U.S. stocks.

    Nothing lasts forever, though.

    He’s changed his mind after participating in this week’s Barron’s round-table discussion. “Everybody was looking for further gains in stocks,” he tells Henry in this clip. That opinion is also reflected by Bloomberg’s latest investor survey, which registered its highest level of bullish sentiment since the survey began in 2007.

    That overwhelming consensus worries Faber. He now thinks a correction in U.S. stocks could come much sooner than most predict. Momentum players who are driving the market could “pull the trigger relatively quickly,” he says. He also observes that the charts of stocks favored by momentum investors, like Google, RIM, Apple and Amazon, look to be flattening out.

    Overall, 2010 will not be one for the record books, as 2009 was. He’s looking at a more normal 5%-10% rate of return for global investors.