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Eric Linser, CFA | Mar. 2, 2011
Answer: Political protests!
While each participant has different political agendas, the commonality I see is contagion, or the spread of unrest.
In the Mid-West, particularly Wisconsin, a battle rages over public sector finances. Elected officials are pushing to eliminate or weaken collective bargaining by government employees' unions with the more ...
recovery, interest rates, inflation, Muni bonds, global perspective & more
Eric Linser, CFA | Sept. 21, 2009
Here is our monthly perspective on events and trends affecting the economy, the financial markets, and investment management. First, let's take a look at an interesting chart and commentary from Morgan Stanley's chief European market strategist, Mr. Teun Draaisma, as to how much further the stock market could rally. We'll take a more ...
Phil Diamond, CFA | Aug. 17, 2009
Last Friday (August 14th), investors received news that the University of Michigan/Reuters Consumer Sentiment Index fell to 63.2 from 66.0 in July. The expectation was for a gain to 69.0. Surprise! This number likely caused our drop that day. Stocks turned in a very summer performance last week, shifting on an almost daily basis based on news. The recent upward trend is still in force, but it is starting to lose momentum. One more ...
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