Wharton professor and Stocks for the Long Run author Jeremy Siegel says the recession is definitely over and the economy has entered a self-sustaining expansion that isn’t reliant on stimulus dollars. And, he says stocks could gain another 8% to 10% by year-end. “What we have seen over the last three months are the first [...]
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Archive | April, 2010
Heebner & Gross Square Off On Market, Economy
April 16, 2010
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Top fund manager Ken Heebner says that even after the big stock market rally, we’re still seeing a “historic buying opportunity”. But another investing guru, Bill Gross, is less optimistic. Heebner tells CNBC that he thinks the economy is in the beginning of several years of expansion. Consumers are spending again, and he expects an [...]
Read moreMauldin: 50/50 Chance of 2011 Recession
April 14, 2010
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John Mauldin says high unemployment and coming big tax hikes are creating a “50/50″ chance the U.S. will dip back into recession in 2011. Mauldin tells Bloomberg that means a 40% plunge could hit the stock market, and that investors should treat the current market as a trader’s market.
Read moreDreman on Inflation, and Why He Likes the U.S. over Foreign Markets
April 14, 2010
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Legendary contrarian investor David Dreman is, not surprisingly, maintaining his contrarian approach these days, keying in on two unloved investments: stocks and real estate. “Everything people are cowering away from today I would prefer to invest in,” Dreman says in a recent interview with GuruFocus.com. “If we have an inflationary environment, value stocks should do [...]
Read moreGuru Strategy Ratings: Emerging Market Stocks on Move
April 14, 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. A number of foreign firms are among the movers.
Read moreSonders “Relatively Optimistic”
April 13, 2010
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Another top strategist who is discussing the perils of market timing is Charles Schwab Chief Investment Strategist Liz Ann Sonders. In her latest market commentary, written with Schwab’s Brad Sorensen, Sonders says that investors who remained on the sidelines waiting for the market to turn downward missed out on some strong first-quarter gains. “This again [...]
Read moreNew Study: Investors Fail Timing Test
April 13, 2010
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According to a new study, mutual fund investors don’t just tend to buy high and sell low — they also tend to do so shortly before the stock market reverses itself, causing them to get hit by big losses and miss out on big gains. The study, highlighted by Mark Hulbert in his latest New [...]
Read morePabrai Talks Moats, and “Low Risk, High Uncertainty”
April 12, 2010
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Top value manager Mohnish Pabrai discusses his investment strategy in this recent Forbes.com interview with Steve Forbes. Pabrai talks about the importance of patience for investors; the concept of “low risk, high uncertainty”; why he stays away from the tech sector; and why he thinks index funds are a good choice for individual investors.
Read moreGross Fund Has Lowest-Ever Treasury Allocation
April 12, 2010
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Bond guru Bill Gross has been sounding bearish on U.S. debt in recent interviews, and The New York Times reports that in addition to talking the talk, he’s also been walking the walk. Gross’ flagship PIMCO Total Return Fund now has only about 30% of its assets in U.S. government debt, the lowest level in [...]
Read moreBogle vs. Gross on Market’s Future
April 9, 2010
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Investment legends Bill Gross and Jack Bogle offered differing opinions on what the future holds for the economy and the stock market in this recent CNBC interview. Gross reiterated his belief in a “new normal” in which both stock and bond investors need to rachet down their expectations. Bogle, meanwhile, says it’s reasonable to expect [...]
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