Archive for September, 2009

The Consumer Spending Myth

Sep 20th, 2009 by Joseph Y. Calhoun, III | 2

Ben Bernanke, in a speech at the Brookings Institute, declared this past week that the recession is likely over, but that the recovery will be muted. Specifically, he said:

Having said that, I’ve seen some agreement among the forecasting community at this point that we are in a recovery, that we will see growth in the third [...]

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Insider Selling

Sep 15th, 2009 by Joseph Y. Calhoun, III | 0

Insiders are selling en masse:
NEW YORK (Fortune) — Can hundreds of stock-selling insiders be wrong?
The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.
But against that improving backdrop, one indicator has turned distinctly [...]

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Mutual Fund Investors Still Piling Into Bonds

Sep 15th, 2009 by Joseph Y. Calhoun, III | 0

90% of mutual fund flows this year have gone to bond funds:

BOSTON (MarketWatch) — Mutual-fund investors still smarting from the beating they took in stocks last year are continuing to pile into the relative safety of bond funds, causing many to miss out on the market’s roughly 50% bounce from the March low.
Through August, about [...]

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