Should you worry about fourth-quarter warnings?
Shares of Cummins dropped briefly on reduced fourth-quarter guidance, but investor optimism returned.
Someone told me they passed a new law, all analyist (and their parent company's) are required to warranty and stand behind their advice and one sided predictions they "publish" for public consumpion. Or, if their advice proves to be wrong, people that loose money because of that advice can sue the analyist. Perhaps a few billion dollar "class action" lawsuits will slow the parasites down.
Analyist portray themselves to be so called experts in the business, sounds like a good idea to me.
Zhang Yesui, Chinese Ambassador to the United States, stated that Chinese investment in the US currently accounts for only a small portion in China's overall foreign direct investments and that China would like to increase investment in clean energy, environment and infrastructure.
Perhaps the G-20 meeting in Cannes, France will give President Hu Jintao and President Obama an opportunity to discuss the mutual benefits of Chinese investment into private sector industries and projects in America, to reduce the high unemployment in the United States, at a time when our public debt needs to be corrected.
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Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.
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