- Federal Reserve Vice-Chairman Donald Kohn said in a speech the recovery will not be V-shaped, healthcare giant Johnson & Johnson <JNJ.N> posted disappointing quarterly revenue and closely watched independent analyst Meredith Whitney downgraded her view on Goldman Sachs <GS.N> two days before the bank's results. http://www.nytimes.com/reuters/2009/10/14/business/business-us-markets-global.html?_r=1
We are going to have an equity correction for the record books, sooner rather than later. - BLSH, October 14, 2009
The bulls and and portfolio managers would disagree, many are calling for "V" shaped recovery's and strong gdp growth moving forward. Here is an example of one who believes in this "V" shaped recovery. Good news for those worried about the economy: "We are in the early stages of the recovery and it looks to be a lot stronger" than the consensus for modest 2%-3% GDP growth, says Lakshman Achuthan, managing director of the Economic Cycle Research Institute (ECRI). Furthermore, the recovery will be "V-shaped" and is now "virtually unstoppable" - at least through the first half of 2010 -- Achuthan says, citing a "positive contagion" in the economy right now, based on leading economic indicators. Most notably, the ECRI's index of Weekly Economic Indicators just hit a new record high.
All markets up 1-2%: Hong Kong INDEX VALUE CHANGE %CHANGE TIME HANG SENG INDEX 21,760.29 292.93 1.36% 00:35 HANG SENG COMPOSITE INDX 2,993.90 35.22 1.19% 00:35 S&P/HKEx LargeCap Index 25,526.88 374.43 1.49% 00:52 S&P/HKEx GEM Index 667.50 6.18 0.93% 00:52 HS FREEFLOAT COMP INDEX 3,208.85 38.30 1.21% 00:35 HANG SENG HK FREEFLT IX 2,310.74 17.37 0.76% 00:35 HANG SENG CHINA ENT INDX 12,704.50 196.63 1.57% 00:35 HANG SENG CHINA AFF.CRP 4,111.42 59.89 1.48% 00:35 HS MAINLAND FREEFLOAT IX 6,770.04 100.38 1.51% 00:35 HANG SENG 50 INDEX 3,062.41 39.67 1.31% 00:35 HANG SENG HK 25 INDEX 2,193.73 17.26 0.79% 00:35 HANG SENG MAINLAND25 IX 7,720.22 129.35 1.70% 00:35 HANG SENG H-FINANCIALS 17,315.61 239.21 1.40% 00:35 China INDEX VALUE CHANGE %CHANGE TIME CSI 300 INDEX 3,259.27 60.75 1.90% 23:30 SHANGHAI SE A SHARE INDX 3,149.70 68.32 2.22% 01:08 SHANGHAI SE B SHARE INDX 204.58 2.38 1.17% 01:07 SHENZHEN SE A SHARE INDX 1,082.54 18.59 1.75% 23:30 SHENZHEN SE B SHARE INDX 528.47 4.80 0.92% 23:30 SHANGHAI SE COMPOSITE IX 3,001.16 64.97 2.21% 01:08 SHENZHEN SE COMPOSITE IX 1,030.83 17.56 1.73% 23:30 SHANGHAI SE 180 A SHR IX 7,180.36 146.02 2.08% 01:08 SHANGHAI SE 50 A-SHR IDX 2,379.20 47.55 2.04% 01:08 SHENZHEN G-SHARES 4,525.45 74.11 1.66% 23:30 SHANGHAI G-SHARES 2,544.70 55.49 2.23% 01:08 SSE COMPONENT STOCK IX 12,093.21 218.31 1.84% 23:30 Taiwan INDEX VALUE CHANGE %CHANGE TIME TAIWAN TAIEX INDEX 7,694.82 98.22 1.29% 01:08 TAIWAN GRE TAI EXCHANGE 128.92 1.48 1.16% 00:47 TSEC TAIWAN 50 INDEX 5,315.64 67.01 1.28% 00:53 South Korea INDEX VALUE CHANGE %CHANGE TIME KRX 100 INDEX 3,482.60 40.49 1.18% 00:48 KOSPI INDEX 1,647.36 18.43 1.13% 00:48 KOSPI 200 INDEX 215.68 2.58 1.21% 00:48 KOREA KOSPI 100 INDEX 1,610.40 19.62 1.23% 00:48 KOREA KOSPI 50 INDEX 1,427.34 17.77 1.26% 00:48 KOSDAQ INDEX 510.91 2.54 0.50% 00:47 KOSDAQ STAR INDEX 1,266.53 17.47 1.40% 00:48 Australia INDEX VALUE CHANGE %CHANGE TIME S&P/ASX 200 INDEX 4,834.70 49.00 1.02% 01:07 S&P/ASX 300 INDEX 4,835.50 49.00 1.02% 01:07 ALL ORDINARIES INDX 4,837.40 47.60 0.99% 01:07 New Zealand INDEX VALUE CHANGE %CHANGE TIME NZX 50 INDEX 3,186.48 17.02 0.54% 00:31 NZX TOP 10 INDEX 866.53 5.89 0.68% 00:31 NZX 15 GROSS INDEX 5,769.49 43.42 0.76% 00:31 NZX ALL INDEX 766.83 3.92 0.51% 00:31 India INDEX VALUE CHANGE %CHANGE TIME BSE SENSEX 30 INDEX 17,226.40 199.73 1.17% 01:07 NSE S&P CNX NIFTY INDEX 5,111.15 56.90 1.13% 01:08 BOMBAY STOCK EX 500 IDX 6,643.56 84.57 1.29% 01:07 BOMBAY STOCK EX 200 IDX 2,126.68 27.18 1.29% 01:07 BOMBAY STOCK EX 100 IDX 9,052.91 114.43 1.28% 01:07