Let’s briefly touch on August NFP before moving on to a more important point. The jobs report – it was a debacle. Everything about it: The headline number was a miss (169k jobs added versus consensus of 175k and a whisper number closer to 200k). Teen unemployment above 22%. Most of the adds were McJobs…

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The BRICs theme is coming apart. The idea of owning Brazil, Russia, India and China stocks as though they’re some sort of special grouping or separate asset class is losing credibility among investors at an alarming rate. Here are two must read takes on why this is the case and what to do about… First,…

Event

In this weekend’s Barron’s we get a panoramic view of what ten top Wall Street strategists are thinking about now until year-end. Here’s Vito Racanelli: Barron’s recently checked in with 10 Street seers, whose consensus view is that the S&P will reach 1700 by year-end, 4% above Friday’s close. If these prognosticators are right, the…