Gabelli Sees Strong Q1 Earnings, Margin of Safety for Market

Mario Gabelli thinks that, with businesses sporting very healthy balance sheets and having cut costs, first-quarter earnings will look “very good”. Gabelli also tells CNBC that he thinks the market still has a margin of safety, though it’s not as big as it was a year ago. And he thinks equities will offer “very generous” returns relative to fixed income investments over the next three or four years because companies have pricing power.