Economy & Markets
The important economic and stock market news that advisors need to know.
Millionaires’ Confidence in U.S. Economy Falls Again
By Joyce HansonThe Spectrem Millionaire Investor Confidence Index sank for a fourth consecutive month in September.
September 29, 2011
Bold Forecasts but Timid ChoicesWHEN I WAS MUCH YOUNGER and new to working in the capital markets, an excellent mentor taught me a market maxim that has served me well. More money has been lost because of four words than at the point of a gun. Those four words are This time is different....
September 29, 2011
Van Eck Acquires 6 HOLDRSVan Eck Globals Market Vectors ETF Trust is planning to exchange shares of soon-to-be-launched Market Vectors ETFs for shares of six Merrill Lynch HOLDRS. The exchange offer is scheduled to be completed in the fourth quarter of 2011.
September 29, 2011
It’s About TimingWhen I was in training to be a financial advisor the world was a different, safer place. I was taught the adage, Its not about timing the market; its about time in the market. Much like being in a cult, this sage piece of advice was burned into my...
September 29, 2011
Do Credit Ratings Matter?Over the past few years, credit rating agencies have done a lot to diminish their credibility. Not only did they contribute to the Great Meltdown by inaccurately rating debt, but they have allowed the role of credit ratings to become murkier. What do the ratings now mean for financial advisors...
September 29, 2011
Are Europe’s Bank Notes Safe?Firmly established in Wall Streets rich history are financial products which are sold as safe that turn out to carry risk reminiscent of a slot machine gamble.
September 29, 2011
ETF Inflows to Hit $100 BillionDespite a sluggish U.S. economy and the governments debt crisis, the brisk pace of investment dollars flowing into ETFs continues.
September 29, 2011
Graham ETNs RedeemedWhile Benjamin Grahams deep value strategy for selecting stocks lives on, exchange-traded notes (ETNs) that attempted to mimic him wont.