Does the Federal Reserve’s discount rate hike mean increases for other key interest rates are coming? Not according to PIMCO bond guru Bill Gross. Gross tells CNBC that he thinks the Fed won’t move the Federal Funds rate for at least six more months. He thinks the yield curve will continue to steepen, not shrink, [...]
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Archive | February, 2010
Lynch: This Is “Extraordinary Period” for Investing
February 19, 2010
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In an exclusive interview with Israel’s Globes, mutual fund legend Peter Lynch says he thinks the past ten years have been an anomaly for the stock market, and that we are currently in an “extraordinary period” for stock investing. “The significance of the lost decade is very simple,” Lynch said, referencing the term some have [...]
Read moreStiglitz: More Stimulus Likely Needed to Avert Double-Dip
February 17, 2010
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Nobel laureate and Columbia economist Joseph Stiglitz continues to believe that the U.S. needs another stimulus package, or else it will risk having high unemployment “through the middle of the decade” and a weak economy for the next several years. While much of the first stimulus funding has yet to be spent, he tells Yahoo! [...]
Read moreHerro Looking to the Market’s Unloved
February 17, 2010
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Top fund manager David Herro is high on a number of unloved areas of the market — including Japanese stocks, luxury good makers, and much-maligned automaker Toyota. “One of the secrets, I think, to successful long-term investing is to really look for where the true values are,” Herro, Morningstar’s domestic fund manager of the decade, [...]
Read moreGuru Strategy Rating Changes: Energy Firms on the Move
February 17, 2010
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Each week, we take a look at which stocks John Reese’s 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 John’s strategies have upgraded or downgraded today. Among the bigger names are several energy companies.
Read moreDorfman on Strategy, and Why Stocks Are Still Cheap
February 16, 2010
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GuruFocus.com offers an interesting interview with Bloomberg columnist and money manager John Dorfman, who called the market rally and says stocks are still cheap. “I think the stock market was undervalued even before the recent sell off,” Dorfman tells Jacob Wolinsky. “Yes the market P/E is around 18 but only because it is based on [...]
Read moreBuffett Bought More Wells Fargo, Wal-Mart; Cut Back on JNJ, P&G
February 16, 2010
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Berkshire Hathaway’s latest holdings disclosure is out, and there are changes to a number of Warren Buffett’s significant positions. Among the stocks Berkshire cut back on in the fourth quarter were several healthcare plays, including Johnson & Johnson and WellPoint. The positions Buffett’s firm added to include Wells Fargo, Becton Dickinson, and Republic Services. Below [...]
Read morePaulsen: Secular Bull May Be Coming — if Inflation Held in Check
February 16, 2010
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Wells Capital Management’s James Paulsen says that we are in the early stages of a “robust economic recovery”, and that it is a “reasonable possibility” that the S&P 500 rises about 25% higher than its current level at some point in 2010. Paulsen tells Barron’s that he thinks a variety of factors will boost the [...]
Read moreMobius Says Latin American Markets to Turn Higher Soon
February 16, 2010
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Templeton Asset Management’s Mark Mobius says he expects the Latin American stock market correction to end within a month, and says the region’s indices may well climb to new highs by the end of 2010. “Latin American markets are going to move up after the current correction because we are nowhere near the previous highs [...]
Read moreIs High Turnover a Bad Thing? That Depends
February 15, 2010
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Turnover is one of the more looked-at statistics for money managers. But what are the implications of turnover rate on a portfolio? A new study funded by not-for-profit Investor Research Responsibility Center Institute (IRRC) digs into that topic, finding that many managers trade more frequently than they think — and often to their detriment. The [...]
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