Templeton Asset Management Executive Chairman Mark Mobius says that emerging market stocks are due for a significant correction in the short term, but will likely soar to new highs by the end of next year. Mobius told Dow Jones Newswires that with companies’ earnings remaining weak, the recent rise in stock prices means “valuations are [...]
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Archive | August, 2009
Behavior Finance Pioneer on Efficient Markets, Bubbles
August 12, 2009
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Richard Thaler, the researcher whose work has brought such key behavioral finance issues as myopic loss aversion to light, says recent events have shown markets are not efficient, but that they are still the best way to employ capital. “Counting the earlier bubble in Japanese real estate, we have now had three enormous price distortions [...]
Read moreSiegel Fires Back on Long-Term Data
August 11, 2009
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Last month, we highlighted Wall Street Journal columnist Jason Zweig’s criticism of the long-term stock return data that Jeremy Siegel has used in his book, Stocks for the Long Run. Zweig said that the data Siegel used for 1802-1870 was “rotten with methodological flaws”, saying it was cherry-picked, filled with survivorship bias, and included an [...]
Read moreGuru Strategy Rating Changes: Chinese Stocks on the Move
August 11, 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. Among the movers are a few Chinese stocks, as well as some other foreign [...]
Read moreFisher: It’s a Bull
August 10, 2009
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Money manager and columnist Kenneth Fisher writes this month in Forbes that the bear market has indeed ended. “This rally has taken stocks up 55% from their Mar. 9 low, as measured by the Morgan Stanley All World Index. That’s far bigger than any global bear market sucker rally,” Fisher writes, reiterating his previous contention [...]
Read moreMauldin to Bulls: Not So Fast
August 7, 2009
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John Mauldin, the economist and strategist from Millennium Wave Investments, isn’t buying the bullish views many strategists are now offering. In an interview with Yahoo!TechTicker, Mauldin says the market has gotten “way ahead of its fundamentals”. Mauldin says too many are trying to compare this recession to past recessions. “This recession is completely different,” he [...]
Read moreHot List: The Market vs. The Economy
August 7, 2009
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In the latest issue of the Validea Hot List newsletter, John Reese says that while the economy remains weak, investors should not confuse the stock market with the economy . Here’s an excerpt from the newsletter: Taken from the August 7, 2009 issue of The Validea Hot List Market history is littered with examples of [...]
Read moreGoldman’s Cohen Says Bull Market Has Begun
August 7, 2009
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Goldman Sachs Senior Investment Strategist Abby Joseph Cohen says Goldman believes we’re in a new bull market, and that the S&P 500 should be at 1050 to 1100 by year-end. “We are beginning to see improvement, even in the labor market,” Cohen told CNBC. “We do think that the new bull market has begun. … [...]
Read moreAre Stocks & Real Estate the Places to Be?
August 5, 2009
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Known as the dean of contrarian investing, David Dreman is staying true to his against-the-tide approach, telling CNBC that he thinks stocks and real estate — two of the areas hit hardest in the past couple years — are the place to be moving forward. (Thanks goes to Value Investing Pro for posting the video.) [...]
Read moreGuru Strategy Rating Changes: Mixed Reviews on Archer Daniels
August 5, 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. One of the big-name movers is Archer Daniels Midland — though the direction of [...]
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