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They think the market is unfair, survey finds, and they're moving into bonds.
So it's no surprise that mainstream investors have ditched stocks as well. A recent investor poll by The Associated Press and CNBC found that 61% are less confident about buying and selling stocks. And 55% said the market is unfair.
"The survey confirms that average investors have been growing more concerned about the stock market as a safe place to invest for retirement," the AP writes. Investors have responded by putting more money into bonds.
Google remains the 800-pound gorilla, but a recent Microsoft partnership could change that.
If you were one of the naysayers who thought Microsoft (MSFT) was nuts with its 2009 launch of Bing, prepare to eat crow. The latest numbers show that Bing is now the No. 2 search engine in the U.S., knocking Yahoo (YHOO) from its perch.
The steady march upward for the Microsoft model shows that Google (GOOG) may not be quite as invulnerable as previously thought. A profitable partnership Bing recently forged could help the Microsoft engine really go head to head with the biggest name in search. (Microsoft owns and publishes MSN Money.)
Despised like the banks were a few weeks ago, tarnished tech has been sold off and downgraded relentlessly. But it may finally be too late to sell.
By Jim Cramer, TheStreet
Does the seemingly endless sell-off in tech stocks make sense, the selling that I believe will resurface again after Monday's Nasdaq ($COMPX) snap-back? Is the liquidation rational given that worldwide growth seems to be coming back, according to China, India, Brazil and now the EU?
I want to differentiate two things here. First, yes, it made sense earlier this summer. I know I was too bullish on the group. I didn't see the zero-sum possibilities of Apple (AAPL), believing that other stocks would be able to rally even if Apple went higher. I thought that the mobile Internet tsunami and cloud computing could lift more boats than it did, particularly semiconductor boats, but it turned out that almost all were leaky. I was less concerned with seasonality than I should have been. The group performed much more horribly this summer than I anticipated, in part because I think it was far more over-owned than I thought.
The retailer is rolling out the Family Mobile service next week at stores nationwide.
Unlimited calls and texting for $45 a month? That's the cell phone plan Wal-Mart (WMT) plans to roll out next week.
The store is unveiling the first cell phone plan under its own name, according to The Associated Press. And it's a pretty good deal, too -- one that could drop prices at other carriers.
- Bing: Text-message traffic
The shock jock hints that he may leave after his contract expires. How would his departure affect the company?
Who knew that porn stars, drunken dwarfs and fart jokes were so valuable?
The radio star largely responsible for Sirius XM's (SIRI) success -- Howard Stern -- may be poised to leave the satellite radio provider, and investors and analysts wonder whether the company is doomed without him.
Stern, 56, hinted last week that he may leave satellite radio when his five-year, $500 million contract expires in 2011, saying he may start a Web-only program or offer one through a mobile application.
One company has developed a new seat with less room and says airlines are considering it.
That's what one Italian company has come up with, CNBC reports. It's developed what it calls the SkyRider, a seat with a 23-inch pitch or less.
A 23-inch pitch means there's 23 inches of passenger space between the seats. That's at least 8 inches less than what you normally get in economy class, writes Jane Wells.
But that's not the worst part.
Contrary to what you'll see in the news, the economic recovery abroad is heating up.
While working out this week, I saw a headline that the European Union is basically "doubling" its growth projections, with the economy putting on a big move after the doldrums of the past few months.
That came right on the heels of China's reporting 13% growth -- that's right, 13% growth -- and I am marveling at all the people who said China was finished, as we saw from the Baltic Freight (which became the Baltic Fright) and the tepid oil futures. Plus, hadn't copper just peaked?
Fear and turbulence have abounded in the market in recent months. Some top strategists say the way to combat them is to stay disciplined.
While investor sentiment shifted this week amid some better-than-expected economic reports, a number of fears continue to lurk beneath the surface -- fears that have pushed investors out of stocks and into bonds at a rapid rate in recent months. From the week ending Aug. 4 through the week ending Sept. 1, investors yanked a total of more than $20 billion out of equity mutual funds, according to the Investment Company Institute. At the same time, they were pouring more than $35 billion into bond funds.
What to do during such turbulent, emotional times? A couple of the top strategists I keep an eye on have recently pointed to the same thing as one of the keys: staying disciplined.
One of those gurus is Liz Ann Sonders, Charles Schwab's chief investment strategist. Sonders (who was one of the few to correctly call the start of the 2007-09 recession, and appears to have been very close to the mark in calling its end) recently stressed the importance of rebalancing one's portfolio -- both within and between different asset classes. "Many investors have probably skewed their portfolios too far away from stocks and toward bonds," she wrote in her latest market commentary. Her advice: Use "a plan that takes advantage of volatility and includes rebalancing and reallocating gains to areas of your portfolio that are underexposed."
Not great but starting to get some support
Value Line Index -- Contains 1700 stocks so its more representative of the market than the S&P 500 or very narrow Dow 30 -- Down slightly for the week
- Down by .51% for the week
- 40% short term Barchart buy signal
- Closed on Friday at 2376 slightly above its 50 day moving average of 2330
- 14 day Relative Strength Index is 56.14% and rising
Barchart Market Momentum -- Contains 6000 stocks -- Percentage of stocks closing above their daily moving averages for various periods -- Market seems to be trending higher
Goldcorp is bidding an awful lot for Andean Resources. Is this a smart move?
There’s no doubt that Andean Resources’ (ANDPF) Cerro Negro project in Argentina is an attractive gold asset. The project isn’t scheduled to go into production until late 2012, but indicated reserves now come to 2.1 million ounces of gold and 20.6 million ounces of silver.
Production costs project out as relatively low, a key criterion for any Goldcorp acquisition, at $60 an ounce after silver revenue. Capital spending to get the mine up to production targets is a reasonable $275 million to $300 million, according to Goldcorp.
Wall Street starts to let iPhones in for employee corporate use.
For the first time ever, JPMorganChase(JPM) is considering giving employees an alternative to the BlackBerry. The bank may let employees switch to iPhones for corporate use, Bloomberg reported. JPMorgan is also looking at phones powered by Google's(GOOG) Android software.
Other banks, including UBS, are also looking at iPhone usage. And Standard Chartered Bank has already switched from BlackBerry to the iPhone, Bloomberg reported.
It takes more money to nab the title of America's wealthiest man.
Back when Kluge (pictured) won the Forbes annual ranking as wealthiest man, his net worth was estimated at more than $5 billion. That seems downright paltry compared with today, when it takes 10 times that amount to top the list.
The net worth of America's richest man has soared. In last year's Forbes list, the top two -- Bill Gates and Warren Buffett -- were worth $40 billion and $37 billion, respectively.
A new virus based in e-mail ran rampant Thursday, hitting corporate America hard.
Comcast (CMCSA) was forced to shut down its e-mail servers entirely after being hit, a spokesperson said on Twitter. "Apparently, this virus (if you click on it) will pooch your PC if you shut it off if you're infected," she added.
"Good Morning America" weatherman Sam Champion was among those affected at ABC. He posted a message on Twitter that said a "huge email-spam-virus" was "filling up" his ABC News email account.
These shares are seeing big buying pressure, so they're very affordable.
By Louis Navellier, Investorplace.com
Penny stocks can be tricky for many retail investors, with shares trading for only a few cents always listed on the pink sheets and frequently involving high fees and high risk.
But the next-best thing is to go for low-priced investments that barely qualify for the major exchanges, skirting the $1 share price limit.
Right now, a number of decent small-cap financial companies are right on the line with shares at around a buck apiece. To help you get into these picks before they take off, here's my list of three cheap financial investments to buy now:
When I look at the funding sources for muni debt I get worried
Let's use some common sense. You normally buy bonds for capital appreciation when yields are coming down because bond prices then go up. The other factor in the equation is: " Can the underlying debtor pay interest and principal payments when due".
Bond prices and in particular bond funds and ETFs have been enjoying price appreciation that have made them very attractive additions to your portfolios. I've been buying them too because the numbers have been positive.
Here are my concerns:
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[BRIEFING.COM] The S&P 500 is off by 0.3% as the index continues its slow climb off opening lows. The Nasdaq also trades with a loss of 0.3% while the Dow is off by 0.2% as the relative strength of Procter & Gamble (PG 81.77, +3.07) contributes to the outperformance of the blue chip average.
Only one other index component, Wal-Mart (WMT 77.18, +0.85), trades with a gain of more than 1.0%.
Both Procter & Gamble and Wal-Mart are members ... More
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