2012 January 02 | timiacono.com

Was 2011 a Good Year for Stocks?

Much was made of the major U.S. stock market indexes finishing in positive territory for the year, however, it was a very different story elsewhere in the world as indicated in red below via the December 31st print edition of the Wall Street Journal.

While the S&P500 and Nasdaq indexes both finished slightly in the red, the widely held ETFs that track them produced modest gains while the big stocks in the Dow Jones Industrial Average saw a 5.5 percent improvement or, an 8.1 percent return including dividends.

Monday Morning Links

MUST READS
China’s PMI rebounds to 50.3% in Dec – China Daily
Spain: 2011 deficit could be higher than 8 pct – AP
Euro Leaders Aim to Buy Time to Save Currency – Bloomberg
Eurozone collapse ’starts this year’ says CEBR – Telegraph
EU Officials Begin New Year With Calls to Save the Euro – CNBC
Ron Paul’s Surge May Cause Headache for Republicans – Bloomberg
The Year Governments Lost Their Credibility – NY Times
Is debt a burden on future generations? It depends. – Noahpinion
I Just Got Here, but I Know Trouble When I See It – NY Times
8 fearless fund forecasts for 2012 – MarketWatch
2012 “Predictions” – Stone Street Advisors
Open Letter to Paul Krugman – Cafe Hayek

MARKETS/INVESTING
Where is the Oil Price Heading in 2012? – IBT
Gold climbs on first trading day of 2012 – Alrroya
When Investors Rush In, and Out, Together – NY Times
Bonds Prove Best Financial Asset for First Time Since 1997 – Bloomberg
Why 2012 will be a ‘make or break’ year for savers and investors – Telegraph
Gold watchers predict rough ride after 11 years of gains – Globe & Mail
‘Gold may decline further in early 2012′ – Commodity Online
Gold to hit $3800, silver to triple due to shortages – Commodity Online
Corrections In The Gold Bull Market – Jesse’s Cafe
Gold bugs’ unmerry Christmas – MarketWatch

ECONOMY/WORLD/HOUSING/BANKING
As Good as It Gets? – NY Times
Happy Days Are Here Again! – Slate
U.S. consumer in the slow lane – Reuters
2011 was a bad, but typical, for economic forecasters – Globe & Mail
Austerity Reigns Over Euro Zone as Crisis Deepens – NY Times
China Export Orders Show Threat From Europe – Bloomberg
Nigeria fury as fuel prices double after subsidy ends – BBC
Germany Says Greek Debt Talks Near An End – Bloomberg
New Hope for Housing in the New Year – CNBC
Signs of life in the housing market – Reuters
Foreclosure free ride: 3 years, no payments – CNN/Money
A closer look at the Fed’s inner workings – Globe & Mail

 
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