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It does feel like complacency is quite prevalent on small cap stocks. And standard long term technical analysis would suggest that the 1575 level of S&P 500 Index should at least be retested again in the next bear market.
FW: Byron Wien Spoke to the Smartest Man in Europe
Old money speaks. A recent research shows that on average, great wealth can be passed 8 generations.
FW: Gundlach think QE3 will last forever
Makes sense, QE is mainly a backdoor way to finance the US fiscal deficits.
The conclusion is simple but thought provoking, which can be directed to many Chinese industries depending on govt. subsidies.
It's like parents need to provide sufficient resources (money) for children to develop, but anything excessive will damage the kids’ self-initiations and balance.
FW: Jeremy Grantham on How to play resource scarcity
Probably not a popular topic at this moment, but in the long run, the world does face shortages in key resources.
FW: The scariest search engine on the Internet
FW: Germany Bullies Cypress for Political Gain
Germany probably feels the situation is stable enough for them to act tough on a small peripheral.
Byron Wien, the respected Wall Street strategist, issues his annual list of "ten surprises" every January. Our crystal ball is not as clear as Mr. Wien’s is, but for fun, we shall mimic his New Year’s tradition and post our surprises for 2013. We do not see these surprises as high probability events, but merely the ones within the realm of probability and not often discussed.