Economy & Markets
The important economic and stock market news that advisors need to know.
John Bogle Slams Mark Cuban Over Buy-and-Hold Comments
By John SullivanJohn Bogle responded to controversial comments made recently by Internet billionaire and Dallas Mavericks owner Mark Cuban. Cuban recently told The Wall Street Journal that diversification is for idiots and buy and hold is a crock of s**t.
September 09, 2011
Greek Debt Swap Feared Short of GoalBanks and insurers, who were supposed to declare Friday whether they would join the bond exchange that was a condition of a second bailout for Greece, were slow to declare themselves, and a shortfall was feared at midday.
September 09, 2011
Germany, Netherlands to Greece: Shape Up or Ship OutWhen it comes to money, Germany and the Netherlands arent kidding. Both nations are out of patience with Greece, although the message is divided, and both are beginning to talk about Athens being compelled to exit the euro zone.
September 09, 2011
Remembering 9/11: Ten Years AfterAdvisorOne commemorates the 10th anniversary of the Sept. 11, 2001 attacks, with new and archived content from our print and online publications through the years.
September 08, 2011
Mobius Picks Best Emerging Markets, as G7 Growth SlowsThe OECD issued a negative outlook for the major industrialized economies, but noted that emerging economies remained strong. While Mark Mobius, emerging markets guru, told investors where specifically they could grab on to that growth.
September 08, 2011
PIMCO’s Gross: Fed Action ‘Destroyed’ Credit Creation; Obama Needs to Be BoldEchoing sentiments he made this week, Bill Gross said Thursday that QE by the Fed 'destroyed' credit creation, and that he'd like to "see something bold" from the president in his speech Thursday night.
September 08, 2011
Top Firms for 401(k) Rollovers by IRA InvestorsFidelity is the most likely firm to be chosen by investors looking for somewhere to roll their 401(k) assets to.
September 08, 2011
China, Japan Facing Downgrade of Debt Rating: FitchChina and Japan may see their credit ratings lowered within the next two years, Fitch Ratings said Thursday, thanks to the debt carried by its banks as the result of efforts to overcome the 2008 financial crisis.