11/3 Market sweetspot? I will not rest

 

http://www.cnbc.com/id/39966983

 

 

1. Stocks ended higher as the mid-term elections were underway and the Federal Reserve began a two-day meeting that is expected to result in a decision to pump more money into the economy.

 

2.Republicans were expected to win the House of Representatives in the Congressional mid-term election, and to narrow the gap in Senate.

 

3. Big question is does the president change his tone?

 

4.We have never had split the congress and whitehouse

 

5.The dollar was also under pressure as investors expect a Federal Reserve decision to pump more money into the economy will weaken the value of the U.S. currency.

 

Stocks have been moving inversely to the dollar, as a weaker dollar boosts commodity and materials stocks.

 

6.Healthcare & financial stocks have lagged S&P

7. Gold is smart play as long as the FED continues to print money

 

8. Hedge against ..

 

9.  Big, looming issue in WAS is lame duck session

 

 

 

 

The times when developed economies grew at high rates are behind us and the next crisis will hit when people realize this, Satyajit Das, author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives told CNBC Tuesday.

 

Economists estimate that in the US, growth should average around 5 to ensure employment keeps up with the population growth, but currently growth is closer to 2 percent.

 

"The problem is we have become so addicted to growth that we cannot live without it," Das said.

As governments around the world try to find answers to the low growth dilemma, currency wars risk turning into trade wars, quantitative easing may not work because banks are not lending the money further and there are bubbles in some emerging markets, he explained.

 

"I think the big crisis will come when people will realize you're not going to get growth and you're not going to get inflation," Das added.

 

We are entering an era of low growth and this will create a lot of friction, he warned.

"You've got to adjust your thinking and I think markets generally are not good at adjusting to a new paradigm," Das said. "We're probably round about denial and anger and we're probably doing a bit of bargaining."

 

Haircuts on Europe Debt?

 

Various countries have tried to manage expectations to buy some time before the truth of low growth will emerge, and finally people will reconcile to the idea, he added.

In Europe, lower growth may mean that peripheral euro zone countries such as Greece, Ireland, Portugal or Spain may not be able to service their debt as their gross domestic product shrinks or remains largely unchanged, according to Das.

 

 

 

 

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