U.S. Stock Futures Decline on China Data, Spending Cuts – Bloomberg 03-04-13

Salient to Investors:

Ivo Weinoehrl at DWS Investments said the macro economic picture has improved a little, but no reason to get excited. Weinoehrl said sequestration will cut a half percent off growth in 2013, so the equity market is fully valued – the debt ceiling will be a much bigger issue.

Janet Yellen at the Fed sees no reason to curtail asset purchases.

Warren Buffett said low interest rates create dim prospects for the insurance industry that fueled Berkshire’s growth. Buffet said companies that held back on investing in 2012 missed an opportunity – the future of the US has been uncertain since 1776. Buffett said American business will do fine over time as will stocks because the basic game is so favorable – the risks of being out of the game are huge compared to the risks of being in it.

Bespoke Investment and Bloomberg said short sales in the S&P Composite 1500 Index fell in February to the lowest ever since at least 2007 when first collecting the data – the last time at this level saw the Index lose 3.3 percent over the next three months.

Read the full article at http://www.bloomberg.com/news/2013-03-04/u-s-stock-futures-decline-on-china-data-spending-cuts.html

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