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Monday, October 1, 2012

Reuters Money: Insight: Mom and pop investors miss out on stock market gains

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10/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Insight: Mom and pop investors miss out on stock market gains
NEW YORK (Reuters) - Stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party - especially those with the least saved.
Factory activity caps worst quarter in three years: Markit
NEW YORK (Reuters) - U.S. manufacturing ended its worst quarter in three years in September as foreign demand for U.S. goods fell sharply, an industry survey showed on Monday.
U.S. small-business borrowing rises in August
CHICAGO (Reuters) - Lending to small U.S. businesses rose in August for a second straight month, a report showed on Monday, a sign the economy may have been regaining its footing even before the U.S. central bank's latest round of stimulus.
Analysis: China slides faster into pensions black hole
QINGHAI, LEDU COUNTY, China (Reuters) - Eighty-year-old Chinese farmer Guo Shuhe receives a state pension equivalent to just $9 a month, not enough to buy a month worth of groceries, but enough it seems, to risk punching a gaping hole in government finances.
Slump catches up with Warsaw's gravity-defying brokers
WARSAW (Reuters) - Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.
Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs
NEW YORK (Reuters) - Fund managers are increasingly eyeing riskier exotic assets, some of which haven't been in fashion since the financial crisis, as yields on traditional investments get close to rock bottom.
How to invest in prosperity after a Lost Decade
CHICAGO (Reuters) - While there's some comfort in a slowly improving U.S. economic climate, the majority of Americans are still trying to close a prosperity gap that has widened in the last ten years.
Pricey gasoline hits U.S. consumers, weighs on growth
WASHINGTON (Reuters) - U.S. households stretched to pay for costlier gasoline on meager income growth in August, undercutting spending on other items and pointing to lackluster economic growth.
First drop in 6 weeks in hedge funds commodity longs
NEW YORK (Reuters) - Hedge funds and other big speculators have pulled more than $5 billion from U.S. commodity markets, cutting their net long position for the first time in six weeks after sending oil, metals and crop prices to multimonth highs, trade data showed Friday.
New investment chief says Vanguard to stay lowest cost
NEW YORK (Reuters) - Tim Buckley, who takes over as chief investment officer at The Vanguard Group in January, has never managed money in his 20 years at the firm. He has no plans to make big market calls and he won't micro-manage his team's thinking or strategies.
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