“Why water will eventually become the single most important physical commodity asset class”. Citi. My only problem with water is that, thus far, its been very difficult to make a return from investing capital into water businesses.. I know some posters on the board have worked in the water business before so perhaps we can …
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Confusion continues to reign in the developed markets with inevitable over spill into the EM markets. Do we buy or sell the USD? Is the USD still a useful correlation for asset prices or not given its mainly composed of the relationship between the USD and the Euro? Both have negative interest rates. Both are …
UBS does a victory lap here below. They correctly called the levels, timing and end of the cyclical bull market. Well done to UBS. Looking ahead they don’t get any more bullish near term. They are calling for a big rally early Oct but don’t forecast a return to the secular bull until H2 2012 …
A friend kindly sent me the latest Goldman’s Asian roundup of particular Asian focused stocks. A timely round picking out the unloved conglomerates. I’ve been mentioning Swire for the last couple of weeks as showing particular value. Goldman’s own analysis showing a 80% discount to net asset value. They don’t mention the stella earnings and …
Markets have closed. Its been volatile but no significant spikes down after the morning’s fireworks. We are at 12128 on the ym or exactly 100 ticks higher than the lows of the day and 1293 es or sp500 futures as i type i.e. no key levels have been broken. So we await our political masters …
Below the UOB Q3 2011 view for Japan. Japan continues to be an interesting market opportunity. We have several events that can occur at any moment inc inflation targeting for the BOJ, the replacement of her chairman and for much more monetization. The political stalemate continues in japan re the budget wranglings. The long awaited …
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Asia overnight calm. All moved lower but between .2% and .5% or so.. Asia does not believe the US default is remotely possible. US indexes wise we came to 5 ticks to my near term target of 12150 on the ym (dow futures). We hit 12155 in hours session. I’ve let all my remaining shorts …
A couple of very good reports, imo. UBS called the end of the cyclical bull market last week calling (SP500) 1370 or thereabouts as the near term likely top, probably in August 2011 but there house longer term view is for a secular bull market in equity given ‘undervaluation’ at current levels. UBS-“The-Decade-Ahead” This report …
Asia relatively strong over night with minor falls on the key Hangseng and Shanghi indexes. Nikkei weaker but other indexes not breaking. Calm prevails at present in spite of the market watch headlines of ‘big falls’ in asia overnight. US indexes.. I forecast 12150 early yesterday as a likely near term target for the ym …
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/26_Dr._Marc_Faber.html Rich
Worth a scan for the house view from Merril july reports on oil and gold for their 2012 projections. Some useful charts and data in each. What comes from both reports is their 2012 bullish call on copper for 11500. These sorts of projections for copper go some way to explaining the copper miners out …
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Since the 2007 mortgage collapse the FHA has become single guarantor of mortgages in the States. Her capital reserves has sunk from 20bn to 3.6bn in the last few years as mortgage defaults have triggered pay outs. The FHA’s defaults are high as they accept low deposits. As low as 3% in fact. This with …
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