Commodities guru Jim Rogers says that he’s not buying equities after the big recent global run-up in stock prices. Rogers also tells Bloomberg that he thinks it would be good for both Greece and the Euro if Greece went bankrupt, and discusses his thoughts on the Euro’s future.
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Archive | March, 2010
Job Watcher: Employment Picture on Verge of Changing
March 17, 2010
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The lack of job growth in the U.S. appears to have been a big factor keeping many on the sidelines during the market’s big rally over the past year. But John Challenger of Challenger, Gray & Christmas tells Yahoo! TechTicker that job growth may be just around the corner. Challenger, whose firm issues one of [...]
Read moreGuru Strategy Rating Changes: Exxon on the Rise
March 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 big-name movers: Exxon Mobil and Hasbro.
Read moreGross Talks Deleveraging, Deficits, and the New Normal
March 16, 2010
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In Consuelo Mack’s latest WealthTrack interview, PIMCO’s Bill Gross talks about the “New Normal” he envisions for the economy and investing world. Gross says that deleveraging and the need for big numbers of Baby Boomers to save as they reach retirement will be drags on the economy for some time. He says he’s not in [...]
Read moreBerkowitz High on Citi, AIG
March 16, 2010
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Top fund manager Bruce Berkowitz is once again showing his go-against-the-crowd streak, recently snatching up shares of two of the financial crisis’ biggest whipping boys, Citigroup and AIG. In an interview with Fortune, Berkowitz says that Citigroup’s balance sheet is slowly improving, its capital ratios are higher than they’ve been in years, and its shares [...]
Read moreDreman on Fighting Inflation
March 15, 2010
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As the past couple years have shown, it can be risky to own stocks. But, Forbes‘ David Dreman says, steering clear of equities is also a gamble. “Is it risky to own stocks? Sure — it always was,” Dreman writes in his latest column. “But it’s also risky not to own them. If you have [...]
Read moreGreenblatt: Know Your Risk Tolerance
March 15, 2010
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In his latest column on his Magic Formula Investing web site, Joel Greenblatt says it’s critical for investors to know what level of short-term losses they’ll be able to take before they start investing — lest they be scared out of the market at just the wrong time. “An investment strategy where 100% of your [...]
Read moreGuru’s Grade Harvard’s Stock Portfolio
March 12, 2010
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Over the past year, the Harvard Management Co.–Harvard’s endowment arm–has been continuously upping the amount of money it has in U.S.-traded stocks. In a new SEC filing, HMC disclosed that it increased its U.S.-traded holdings in last year’s fourth quarter from $1.8 billion to $2.26 billion, the fourth straight quarter that figure has increased. In [...]
Read moreBuy Like Buffett
March 12, 2010
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Warren Buffett-inspired strategy, which has beaten the market by more than 3 percentage points per year since its inception more than six years ago. Below is an excerpt from today’s [...]
Read moreWhitman on the Importance of the Balance Sheet
March 11, 2010
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Value investing legend Marty Whitman was one of those to speak at the recent Columbia Investment Management Conference, and The Manual of Ideas blog offered a good summary of Whitman’s comments (which came during a discussion with Columbia’s Bruce Greenwald). “At several points in the discussion with Prof. Greenwald, Mr. Whitman came back to a [...]
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