Tom Forester, whose Forester Value fund is one of the top performers in its class over the past 3, 5, and 10 years, says he thinks the recession is over, but that a “U” shaped recovery is more likely than a “V”. “While our focus is on fundamentals, we leave room for the unexpected from [...]
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Archive | October, 2009
Siegel: Recession Over & Stocks Attractive, but Unemployment to Stay High
October 16, 2009
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Wharton professor and author Jeremy Siegel says that the U.S. recession is over and that it’s a good time for investors to be putting money in the stock market — but also says that it will take some time before the nation’s unemployment rate comes down significantly. “We are on the mend. I don’t think [...]
Read moreMarket Timing an “Exercise in Futility”, Swensen Says
October 16, 2009
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In an interview with the Financial Times, Yale endowment chief David Swensen says that market timing is a futile exercise, and that investors should only invest in what they understand. Swensen, who has built an exceptional long-term track record by investing largely in illiquid assets, tells the Times’ Chrystia Freeland that even if he could [...]
Read moreBiggs Sees More Gains on Horizon
October 16, 2009
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Hedge fund guru Barton Biggs says he thinks stocks are going to continue to go higher, and expects another 10% to 15% gain for the market. Biggs offered that assessment to Bloomberg TV, basing his belief on an analysis of previous secular bear markets and their ensuing recoveries. He also says he’s heartened by the [...]
Read moreHulbert: Sentiment Remains Weak — and that’s Good
October 15, 2009
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While the market is now up about 60% from its March low, newsletter tracker Mark Hulbert says that most managers remain very cautious — and that’s a sign the rally has more room to run. Hulbert says on MarketWatch.com that the average recommended equity exposure among short-term market timing newsletters is just 32.3%, which is [...]
Read moreDorfman Sees Rally Continuing for Several Months — at Least
October 14, 2009
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Money manager and Bloomberg columnist John Dorfman — who was ahead of the curve in forecasting the market rebound — says he thinks the rally will continue well into next year. “I feel fairly confident that the gains will chug along through at least the first quarter of 2010,” writes Dorfman. “In the past century, [...]
Read moreDoll: Growth to Be Subpar, But Stocks Should Rise
October 14, 2009
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In Consuelo Mack’s latest WealthTrack interview, Blackrock’s Bob Doll says he sees subpar growth on the horizon for the U.S. — but rising equity prices as well. Doll, vice chairman and global chief investment officer for equities at Blackrock, says he expects real GDP growth of 3% to 4% for the rest of 2009, but [...]
Read moreGuru Strategy Ratings: Energy Stocks, Telecoms on the Move
October 13, 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. A number of energy stocks and telecoms are among the movers.
Read moreMiller Continues to Rebound, Likes Financials, Healthcare
October 13, 2009
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Bill Miller, the legendary Legg Mason Value Trust manager who beat the market for 15 straight years before falling on very tough times in the past three, is almost doubling the S&P 500 in 2009, and is high on financials, healthcare, and technology stocks. Miller tells Barron’s that in the next five to 10 years [...]
Read moreTop Forecasting Group: V-Shaped Recovery Unstoppable
October 9, 2009
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The managing director of the Economic Cycle Research Institute — whose leading indicators have a very solid track record of predicting economic trends — says we’re in the early stages of a “V”-shaped recovery that will be “virtually unstoppable” through the first half of 2010. “We are in the early stages of the recovery and [...]
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