Doug Kass of TheStreet.com’s RealMoney, who successfully called both the market decline in late 2008 and the rebound in March of 2009, is becoming wary of the current rally. Kass feels that the current valuation of the market is pricing in a much more favorable economic environment and is not taking into account the probability [...]
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Archive | November, 2009
Reese: Looking at Lynch’s Famous “P/E/G” Ratio
November 13, 2009
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John Reese, CEO and founder of Validea.com and Validea Capital, looks at the Peter Lynch “P/E/G” ratio in this Globe & Mail Expert Podium column. The P/E/G was one of Lynch’s favorite valuation measures and it is calculated by dividing a stock’s P/E ratio by its growth rate. “The P/E/G tells you how much you’re [...]
Read moreHulbert: Corporate Insiders are Buying
November 12, 2009
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Corporate insiders are not among the many groups of people who expect this rally to stall, according to Mark Hulbert of Marketwatch. Insiders have actually substantially upped their purchases of their own stock in recent weeks, indicating that they are bullish about the future prospects of their companies. The ratio of insider sells to buys [...]
Read moreSonders: “V” Shaped Economic Recovery is Underway
November 11, 2009
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Schwab Chief Market Strategist Liz Ann Sonders, who correctly predicted the recent recession in October 2008 and its end in June of 2009, remains optimistic about the economic future of the US. In an interview with Yahoo Tech Ticker, Sonders explained that she thinks we are already in the “V” portion of a V shaped [...]
Read moreDorfman: “Channeling Graham” in Search of Value Stocks
November 10, 2009
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John Dorfman, the well respected Bloomberg columnist and chairman of Thunderstorm Capital, discusses Ben Graham’s contribution to investing and his value-based investment approach. Dorfman outlines Graham’s strategy, which includes looking for stocks that trade for less than book value and less than 12x earnings. Graham, according to Dorfman, also wanted to see “earnings power over [...]
Read moreBuffett and the Financial Crisis: A Mixed Bag of Results
November 10, 2009
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In a recent update made to her best selling book The Snowball: Warren Buffett and the Business of Life, Alice Schroeder has added a new 31 page section that outlines both the positives and negatives of Warren Buffett’s handling of the recent financial crisis. Although Buffett became a public symbol of prudence during the crisis, [...]
Read moreRecovery Still in Early Phases, Paulsen Says
November 6, 2009
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James Paulsen, chief investment officer of Wells Capital Management, says the market has a ways to run, and that there are signs the economic recovery is self-sustaining — not simply driven by stimulus funding. Paulsen tells Yahoo! TechTicker that he doesn’t think the market’s rise will be a straight line upward, but he does say [...]
Read moreHas the Housing Market Turned? Nope, Say Tilson & Heins
November 6, 2009
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In their latest column for Kiplinger’s, Whitney Tilson and John Heins — who were way ahead of the curve in predicting the housing crisis — say they don’t think the housing collapse is behind us. “As much as we’d like to believe otherwise, we expect housing prices to resume their decline well into 2010,” the [...]
Read moreO’Shaughnessy Sees S&P 1200 by mid-2010
November 5, 2009
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In Barron’s latest Big Money Poll, about 60% of money managers say they are bullish or very bullish on the stock market through the middle of 2010, though nearly half say they think there’s a 50% or greater chance of a sharp correction in coming months. The bullish respondents, on average, expect the Dow to [...]
Read moreDoll Says Market Hasn’t Hit Cyclical High
November 5, 2009
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Bob Doll, chief investment officer for global equities as Blackrock, tells Bloomberg that he’s recently cut back a bit on some healthcare stocks and added to cyclical areas like energy. Doll also says that the economic recovery will be atypical, with slower growth and periods of doubt, but he thinks we still haven’t seen the [...]
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