Percentage of Stocks Above 50-Day Moving Average [View article]
re the Presidential eras: it's not just the President but the economy and demographics
re Mark-to-Market (MTM): the arguments have already been presented for both sides. Having recently moved to a system of greater transparency, if reporting is returned to high-level info, how can investors make informed judgments and decisions? Also, how can companies be monitored to ensure companies are not fiddling with the books? Finally, what about the international community that has progressed towards fair value/MTM - America would be seen as retracting and weak, and foreign investors could pull out.
Congress being involved is somewhat disappointing. MTM will get media attention, yet only a political decision would remove MTM (and actually cause a lot of adminstrative headaches). Would you rather a system where it appears things are going ok (because mid-level detail not provided), and then wake up one day surprised of losses (from where? how could this be? etc?) and huge drop in equities.
Percentage of Stocks Above 50-Day Moving Average [View article]
re Mark-to-Market (MTM): the arguments have already been presented for both sides. Having recently moved to a system of greater transparency, if reporting is returned to high-level info, how can investors make informed judgments and decisions? Also, how can companies be monitored to ensure companies are not fiddling with the books? Finally, what about the international community that has progressed towards fair value/MTM - America would be seen as retracting and weak, and foreign investors could pull out.
Congress being involved is somewhat disappointing. MTM will get media attention, yet only a political decision would remove MTM (and actually cause a lot of adminstrative headaches). Would you rather a system where it appears things are going ok (because mid-level detail not provided), and then wake up one day surprised of losses (from where? how could this be? etc?) and huge drop in equities.