»» Government bonds broke their multi-week losing streak and yields fell. Sentiment shifted as concerns about imminent Federal Reserve tapering waned.

»» RBC Capital Markets anticipates the Fed will begin to gradually taper in October 2013, and complete the process by April 2014. (see table page 2)

»» Even though the recent surge in bond yields may be overdone on a short-term basis, it serves as a wake up call for investors. (page 3)

»» Global Roundup: Preview of Germany’s upcoming election. (page 4)

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The traditional meme of risk sellers financial advisers is to recommend that clients hold a higher component of their savings in stocks and stock mutual funds in order to sustain desired income withdrawals through retirement. In fact this math is not sound: in reality the price that we pay for securities purchased dictates everything about the sustainability of the capital and the long-term income it is able to yield.

The time to sober up is before more capital losses hit.

Read Danielle's the whole comment HERE

How often do we hear that aforementioned catch phrase from the usual talking heads? Yet actions speak much louder than words and anyone who isn't insisting upon absolute fiscal responsibility truly does not care about the children - Robert W

Michael Campbell Explains: