In a world of fiat money, perhaps everything is a speculation. NY Times
Interest rate risk is real (Fortune). The High Yield Market is “Completely Out of Control” at DDI. REITs: A word of caution (Vanguard Blog). US 10-Year Yield: Breakout or Fake Out? at Bespoke.
Best US Dividend Stocks for 2013 (Dividend Guy). Your 2013 Dividend Guide: How to Find Fat Yields That Will Keep Growing (Ycharts).
Forecast 2013: Unsustainability and Transition by John Mauldin. Strong economic growth makes the transition easier; is China re-accelerating? Bespoke
Goldman’s Hatzius is optimistic: Calculated Risk.
11 Reasons Why Ralph Acampora is a Secular Bull at All-Star Charts. My soapbox: I too am optimistic. However, I challenge the use of ‘secular’ and ‘cyclical’. For example, some pundits see December 1974 as the beginning of the great 80’s and 90’s bull market. I disagree. The low in valuation, though not price, occurred in August of ’82. I view the late 1970’s leg as a cyclical bull inside a secular bear. And I speculate today the stock market is in the third and final cyclical move of the secular bear. Anyway…
“Gold may be showing its hand — and the hand could be a real winner for the bulls.” Peter Brandt Will silver finally make a new all time high in 2013? If so, silver could be the best performing asset of the year. Hmmm.
Gasoline prices may be a 2013 economic tailwind. (Calculated Risk)
Did you know 29.3% of U.S. residences are owned mortgage free? Mortgage News