In an interview with Nightly Business Report, Vanguard founder John Bogle says he expects stocks to return an average of about 8% per year for the next decade, and adds that U.S. stocks may be a bit undervalued, with international markets a bit overdone. Bogle tells Susie Gharib that he doesn’t do one-year market forecasts [...]
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Archive | December, 2009
Fisher Sees “Well Above Average” Returns for 2010
December 31, 2009
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In his latest Forbes column, Ken Fisher says that he thinks stocks will continue to produce above average returns in 2010, though the gains won’t be as great as they’ve been in 2009. Fisher says the huge ’09 rebound “was a textbook case of how markets are supposed to react to big bear markets and [...]
Read moreNo “New Normal”, but More Frequent Recessions, Says Top Forecaster
December 31, 2009
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Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says the U.S. economy will not enter a “new normal” of slow, anemic growth, but also says we’re headed for a period of more frequent recessions and “chronically high” jobless rates. Achuthan, whose group has a strong track record of forecasting economic movements, also tells [...]
Read moreGuru Strategy Ratings: Several Stocks on the Move
December 30, 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.
Read moreSiegel: Stocks Still Undervalued
December 29, 2009
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Jeremy Siegel, the Wharton professor and Stocks for the Long Run author, thinks stocks remain undervalued, and says he expects US corporations to be producing record earnings by 2011 or 2012. In an interview with Advisor Perspectives, Siegel says he thinks fair value for the S&P 500 is 1300-1350, if current interest rates persist. He [...]
Read moreShiller, Case on Housing Market
December 29, 2009
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Housing data has been improving in recent months, but Professors Robert Shiller and Karl Case (creators of the S&P/Case-Shiller Home Price Indices) say several potential problems are on the horizon for the housing market. Shiller and Case tell Bloomberg that looming resets to option ARM mortgages, a “shadow inventory” of homes that are currently owned [...]
Read moreThe Lost Decade? Maybe Not
December 28, 2009
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The general consensus in the media has been that the 2000s was a “lost decade” for stocks, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all in the red since Jan. 1, 2000. But in an interesting piece for CBS Money Watch, Allan Roth says the reality wasn’t as [...]
Read moreBiggs: “Burst” of Growth in 2010, 2011 Could Push Dollar & Stocks Higher
December 28, 2009
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While they’ve spent much of the past several month moving in opposite directions from each other, the dollar and the stock market now may well move upward together, according to top hedge fund manager Barton Biggs. “After a severe economic shock like we just had, the odds are that we’re going to have a pretty [...]
Read moreRitholtz Sees Weak Economy, Possible Gold Pullback in 2010
December 24, 2009
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Barry Ritholtz of FusionIQ and The Big Picture blog offered his predictions for 2010 in this recent interview on Yahoo! TechTicker. Among the surprises Ritholtz expects: He sees a potential 30% to 40% rise in the dollar, and, possibly, a major pullback for gold.
Read moreNew Normal? Don’t Count on It, Says Farrell
December 24, 2009
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Since the financial crisis hit last fall, one of the most-used terms popping up in stock market and economic parlance has been “the new normal”. Often attributed to PIMCO’s Bill Gross, the term is used to describe the slower-growth, lower-return environment that many say will confront investors in the coming post-overleveraging period. But are we [...]
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