MarketWatch’s Mark Hulbert says that, while the market has continued its upward trend in the past few months, sentiment remains quite low among market-timers — and that’s good news for stocks. As of Thursday, the shortest-term market-timers tracked by Hulbert’s Hulbert Financial Digest, on average, recommended that investors be 19.4% in stocks. “Though that may [...]
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Archive | October, 2009
Gabelli Says “Plain Ol’ Stock Picking” Still Works
October 29, 2009
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In an interview with CNBC, GAMCO’s Mario Gabelli says the way to make money in a fairly flat market is by going back to “plain ol’ stock picking” — and says that the “new normal” will look a lot like the old normal. “It’s not the new normal — it’s the way it used to [...]
Read more“High-Quality” Picks from the Gurus
October 28, 2009
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In the past two days, two of the most successful gurus I follow — GMO’s Jeremy Grantham and Gotham Capital’s Joel Greenblatt — have said that they are seeing a lot of value in “high-quality” stocks, as opposed to the junk-type stocks that have led the recent market surge. In his third-quarter letter, Grantham says [...]
Read moreGreenblatt: High-Quality Appears to Offer Most Value
October 28, 2009
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Hedge fund guru Joel Greenblatt says that he thinks the best values in the stock market are probably now in the “high-quality” area, as opposed to the junk stocks that have led the recent rally. And, he says he’s not too concerned with potential inflation — or deflation, for that matter. Greenblatt, who uses a [...]
Read moreGuru Strategy Rating Changes: South American Firms on the Move
October 28, 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. As you’ll see, several South American firms are among the movers.
Read moreArnott: Think Deep — Value, That Is
October 27, 2009
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Rob Arnott of Research Affiliates says that the recent rally has taken away from the attractiveness of many areas of the stock market, but he remains very high on beaten-down value stocks, which he says are still priced near Armageddon levels. “What we’re seeing is value priced as if Armageddon isn’t right next door; but [...]
Read moreGrantham Expects “Painful” Pullback in 2010
October 27, 2009
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In his third-quarter letter to clients, GMO’s Jeremy Grantham offers a scathing critique of a myriad of groups whose actions (or inactions) led to the current economic climate — from regulators to homebuilders to CEOs to politicans — and says the stock market is now 25% overvalued and due for a tumble. He also reiterates [...]
Read moreBuffett, Whitman, Grantham & Others Weigh In
October 26, 2009
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Kiplinger’s recently asked six top strategists to give their take on investing and where the markets are headed from here. A sampling of the responses: Warren Buffett: While he says he has no idea where stocks will head in the short term, Buffett says that “over a ten-year period you will do considerably better owning [...]
Read moreShilling: Don’t Believe the Rally
October 26, 2009
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Economist, money manager, and Forbes columnist Gary Shilling says talk of a “V” shaped economic recovery is overdone, and that we’re in a bear market rally — not a new bull market. Shilling tells Steve Forbes that he thinks stocks are in a bit of a bubble following the recent runup. “There was a realization [...]
Read moreSonders, Hulbert: Inflation Fears May Be Overblown
October 23, 2009
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One of the biggest fears in the investment world right now involves inflation. And, given the huge sums of money the government has pumped into the economy in the past year or so, the fears seem on the surface to be warranted. But two top strategists, Charles Schwab Chief Investment Officer Liz Ann Sonders and [...]
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