In some respects, he was an early hedge fund investor, first in macro in the 1920s, and then in equities in the 1930s.
FORBES: If Keynesians Are Against Speculation Then How Come Keynes Was a Speculator?
Also, many investors might be turning to gold for the first time due to volatility in equities and worries about global credit markets, and there is no empirical data on how much of this demand is likely to be permanent.
FORBES: WGC's Toussaint: China, India Account More Than Half Of Global Gold Demand
What is he making of the startling advance of equities in the just ended first quarter of an election year.
When I look at the top 10 equities in the Russell Growth Index, the first five embrace technology: Microsoft, Apple, IBM, Google and Cisco.
This is the first time in two years that more than 50% of investors have favored equities over other asset classes.
On Monday, the first post-U.S. downgrade trade in market history, global equities sold off by more than 9% in the U.S., and more than 10% in the emerging markets.
FORBES: Jim Rogers Says Gold Going Higher, EU Deserves Downgrade
Revenue at the equities division of the investment bank tumbled by half in the first quarter, compared with the same period in 2007, but much of the fall can be put down to reduced levels of proprietary trading as the bank pegged back its trading limits.
Equities were strong today, crossing Dow 14, 000 for the first time in several years.
Elsewhere in Europe, investors who have historically shunned equities are at last taking their first bold steps towards retail equity funds.
However, the fact that these vehicles underperformed the SPX by such a broad measure in the first quarter suggests to us that they are very much underweight the U.S. equities market.
FORBES: Stocks Have Support At 1300 And Low Expectations For Earnings Season
Indeed, the first truly global exchange or trading platform, when it appears, is more likely to deal in derivatives than equities.
U.S. equities traded narrowly Friday morning on word the economy grew at a slower pace in the first quarter than economists had hoped, according to a Commerce Department report, setting a gloomy tone on Wall Street as the week winds down.
应用推荐