Stocks to Fall for Third Straight Day (Bloomberg)
U.S. stocks are on track to fall for a third straight session today, marking the first three-day skid of 2013 for the market. Partially to blame are fears of a reduction in Fed stimulus efforts and retailers’ low profit forecasts. “The market is trying to price in that at some point in time the Fed is going to take their foot off the gas pedal,” Arvin Soh, a portfolio manager with GAM USA Inc. in New York, said. “That’s because growth is picking up and is sustainable. That should ultimately be a good thing. The problem is everyone is long risk. When one thing gets triggered, that automatically causes selling and it feeds itself.”
Gold under Pressure (Reuters)
With the expected inflation thought to be coming after quantitative easing policies’ enactment in multiple economic zones failing to materialize, the value of gold appears vulnerable. “What has occurred in Japan and elsewhere has in effect made the opportunity cost of holding gold greater than it was,” Credit Suisse analyst Tom Kendall said.
My preference for speaking directly with company leaders pays big dividends. I wrote last week about my recent participation at the Las Vegas MoneyShow, and I shared that I served on a number of panels and hosted several others as well. During the last few MoneyShows, I've become the go-to guy for hosting the public company panels, and I'll be doing so again at the San Francisco MoneyShow this August. If you haven't seen one of these panels before, it's where a member of a company's management s
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: