Submitted by Gail Tverberg via Our Finite World blog,
Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund:
Figure 1. World GDP Forecasts by the International Monetary Fund.
As CS' Josh Lukeman notes, the degree of hedging we’re seeing as we go higher illustrated in the CS Fear index (now at all-time highs) suggests institutional investors are not believers in the equity rally
CSFB's "Fear" Indicator has never been higher...
For a succinct explanation of what this far less popular indicator captures we use a handy definition by SentimentTrader:
EXPLANATION:
On February 12, Jamie Dimon made headlines when he bought 500,000 shares, or some $26 million worth of JPM stock which coming one day after the market hit its lowest point in the recent selloff, has become known as the "Dimon Bottom." Was it just good timing or was there something more to the purchase some wondered.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
“Data Dependent Fed” Ignores Data
I wrote on Tuesday of this week:
It's easy...
But, before we start, some context for just how different it is this time... if The Dow is able to hold this gain through the end of the quarter, it will be the largest quarterly comeback in the history of stocks...