Barry Ritholtz of Fusion IQ and The Big Picture blog thinks the talk of a housing recovery and a general economic recovery are very premature, and that what we’re experiencing now is relief that we avoided financial Armageddon — not real forward movement. “When I hear the word soar,” Ritholtz tells Yahoo! TechTicker in discussing [...]
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Archive | June, 2009
Bear Market Winners: A Good Long-Term Bet?
June 16, 2009
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Given the major trauma the events of 2008 and early 2009 had on investors, it might seem hard to blame someone for latching onto the advice of the relatively few strategists who have fared well — or at least not that badly — during the bear market. But according to newsletter-tracker Mark Hulbert, doing so [...]
Read moreBuckingham: Time for Value
June 15, 2009
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Recently, we highlighted a study performed by Russell Investments that found value stocks typically begin to overtake growth stocks “almost immediately” when the economy bottoms. Today, John Buckingham of Al Frank Asset Management provides some additional evidence that good times may be in store for value investors, who were hit particularly hard in the recent [...]
Read moreBull Runs: How they Happen
June 15, 2009
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Money magazine recently offered some interesting data on the relationship between the economy and the stock market. In the chart below, you can see how the market, on average, has risen during the first year of bull markets since 1980. What’s key to note is that as the market starts its rise — and, in [...]
Read moreHot List Continues to Shine — but What about Those T-Bond Yields?
June 12, 2009
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The Validea Hot List newsletter takes a look at some of the “baby steps” the economy has been taking, and examines how much of a threat some remaining trouble spots pose to the stock market and the Hot List portfolio, which has now gained 24.7% in 2009 — more than five times the gain of [...]
Read moreThe Wisdom of Lynch & Templeton
June 12, 2009
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Here’s an oldie but a very, very goodie — a Louis Rukeyser interview with Peter Lynch and the late John Templeton. The exact date of the video (posted on YouTube by ValueInvestingPro) isn’t given, but the references to the troubles in Kuwait and Lynch’s retirement make it clear the interview took place in the latter [...]
Read moreForester Says We’ve Seen the Bottom
June 10, 2009
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Tom Forester, whose Forester Value was the only stock mutual fund to end 2008 in the black, says he believes the market has bottomed, but that stocks are now in a trading range. “I do think it has bottomed,” Forester tells the Nightly Business Report. “But I also think we’re in a trading range. We [...]
Read moreGuru Rating Changes: Con Ed Up, Kellogg Down
June 10, 2009
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Each week, I take a look at which stocks my Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks that my strategies have upgraded or downgraded today. The big-name movers include Kellogg, Con Edison, and Marvel Entertainment.
Read moreThe Little-Known Shipping Metric
June 10, 2009
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Time magazine recently had a piece on “the least known key economic indicator” — the Baltic Dry Index. The BDI, which is a measure of worldwide shipping rates, has “registered some eye-popping gains over the past month,” Time’s Jeff Israely writes. “The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, [...]
Read moreBuffett, Berkshire on Bond Binge
June 9, 2009
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Back in October, Warren Buffett told the world that he was buying American equities in his personal (non-Berkshire Hathaway) account, which previously had been filled with only U.S. government bonds. But for Berkshire, on the other hand, it seems Buffett’s been focused elsewhere: municipal bonds. According to Bloomberg News, Berkshire has doubled its stake in [...]
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