Personal Finance Daily: Riding bearish sentiment all the way to the bank
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Personal Finance Daily DECEMBER 15, 2011 Riding bearish sentiment all the way to the bankBy MarketWatch
What about this stock market? It's enough to make anyone run and hide, but as Robert Powell details in his Your Portfolio column today, three market experts who are decidedly bearish are demonstrating exactly how to channel their despair into market gains. According to Jeremy Grantham, one of the experts Powell cites, the euro-zone debacle is a "terrifying situation." Strong words, but don't let that scare you away from smart money moves. — Andrea Coombes , Personal Finance editor Three bullish funds for bearish times It's one thing to be a pessimist. But it's a whole ‘nother thing to make money in this market despite that outlook. Yet that's exactly what three managers are doing these days, at least with some of their funds. Three bullish funds for bearish times. How to pay your financial adviser Here's the good news: You have more options than ever for paying your financial adviser. The bad news? It's even tougher to figure out if you're getting the best deal for your money. How to pay your financial adviser. REAL ESTATE Fixed-rate mortgages sink back down to record lows Rates on 30-year fixed-rate mortgages this week match a record low set in October, averaging 3.94%. Fixed-rate mortgages sink back down to record lows. Foreclosure activity drops 3% in November Foreclosure activity dropped 3% in November, but the seasonal slowdown may precede another wave of foreclosures, according to the co-founder of RealtyTrac. Foreclosure activity drops 3% in November. ECONOMY & POLITICS Is the government lying to us about the economy? Some people say the government is lying to us about the economy. Rex Nutting says we should trust, but verify. Is the government lying to us about the economy? Senate leaders optimistic on avoiding shutdown With the threat of a government shutdown looming on Friday, the Senate's top Democratic and Republican leaders indicated Thursday morning they were closer to a deal that would avoid closing many federal operations. Senate leaders optimistic on avoiding shutdown. Everything clicking for economy, forecaster says Finally, everything is beginning to click for the U.S. economy, says Brian Wesbury, chief economist for First Trust Advisors and the winner of the MarketWatch Forecaster of the Month award for November. Everything clicking for economy, forecaster says Jobless claims fall to lowest level since 2008 The number of Americans who filed requests for jobless benefits fell sharply last week to the lowest level since May 2008, indicating that a fragile U.S. labor market continues to heal. Jobless claims fall to lowest level since 2008 Regional Fed factory surveys looking up Factory indexes from Philadelphia and New York Federal Reserve Banks rebound in December to their highest levels since spring, Thursday reports say. Regional Fed factory surveys looking up. Industrial production slips 0.2% in November Industrial production for November falls on a sharp drop in the automotive segment along with other declines in factory output, Federal Reserve data show. Industrial production slips 0.2% in November. U.S. wholesale prices rise 0.3% in November U.S. wholesale costs rose modestly in November as the price of food increased, mostly for vegetables and chicken. U.S. wholesale prices rise 0.3% in November. INVESTING Zynga prices $1 billion initial public offering Zynga Inc. priced its initial public offering at $10 per share on Thursday afternoon — the high end of the expected range for the deal, signaling strong investor demand for the maker of social games. Zynga prices $1 billion initial public offering. Are the bears vindicated? The Adens are still opportunistic, but now in rapid retreat — except on gold — writes Peter Brimelow Are the bears vindicated? Michael Kors Holdings sparkles with 26% debut What global economic woes? High-end clothing designer hits the market with a bang after pricing above targets. Michael Kors Holdings sparkles with 26% debut Laredo Petroleum leads trio of energy IPOs Bonanza Creek Energy and Mid-Con Energy Partners fall back from pricing levels in initial trading, while Sanchez Energy makes up a little ground following a lackluster debut Wednesday. Laredo Petroleum leads trio of energy IPOs FedEx peeks under the Christmas tree Surge in small-package deliveries point to robust holiday sales, writes Jim Jelter. FedEx peeks under the Christmas tree. AMD looks at its options under new CEO Will AMD, under its new CEO Rory Read, embrace a more mobile friendly chip architecture that rivals Intel? It would be a major shift from the AMD of old, writes Therese Poletti. AMD looks at its options under new CEO. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. 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