Marc Faber of the Gloom, Boom & Doom Report says he thinks global equities may be in a trading range in which stocks fall in October and November, before rising in the last part of the year. Faber also tells CNBC TV-18 why he currently favors agricultural commodities over industrial commodities.
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Archive | September, 2010
Buffett: No Double-Dip; Banks Ready to Up Lending
September 14, 2010
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Warren Buffett says the U.S. economy will not slip into a “double-dip” recession. “I am a huge bull on this country,” Buffett told the Montana Economic Development Summit on Monday, according to Bloomberg. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.” “I’ve seen sentiment [...]
Read moreWhere Greenblatt Is Finding Value
September 14, 2010
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Author and hedge fund guru Joel Greenblatt recently discussed his “Magic Formula” approach to investing on CNBC. Greenblatt talks about how his formula works because, ironically, it doesn’t always work, and says the approach usually targets firms getting negative publicity. He also says the formula is currently finding a lot of values in the retail, [...]
Read moreTop U.K. Manager Finding Value
September 14, 2010
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Neil Woodford, one of the U.K.’s top fund managers, recently offered some of his tips on how to manage risk and find value in the market. Writing for London’s Telegraph, Woodford says that being “highly selective” about his stock picks mitigates risk. “This leads on to my focus on valuation and, by searching for those [...]
Read moreSimons on Market’s Resilience
September 14, 2010
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In his first interview since stepping down from Renaissance Technologies, the top-performing hedge fund that he founded, James Simons sounds relatively positive on the stock market. Simons tells CNBC that the market is “resilient”, and says he would have expected it to go lower than it has. Simons does say that he thinks housing prices [...]
Read moreGurus Still Keen on Blue Chips
September 13, 2010
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A number of top value investors are continuing to see big bargains in big blue chips. Among them: money manager and columnist Whitney Tilson. “If you’re worried about a feeble economy you want to own companies with strong balance sheets,” Tilson says, according to the Associated Press. Tilson doubts the broader market will do much [...]
Read morePaulsen: Expect Volatility in Sentiment, Markets
September 13, 2010
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Wells Capital Management’s Jim Paulsen says the wide swath of opinions on the economy has created an unusual situation for investors. Usually, Paulsen says, at this point in a recovery investors are debating whether the economy will grow at 3% per year, or a bit less. Today, he says, the debate is whether it grows [...]
Read moreDreman on Why Not to Rely on CAPM & Beta
September 10, 2010
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In his latest Forbes column, contrarian guru David Dreman says the capital asset pricing model — long a staple of the investing world — should be done away with. The CAPM, Dreman writes, basically says that the only way to outperform in the stock market is to take on more risk, which is usually measured [...]
Read moreEl-Erian Talks Economy
September 10, 2010
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PIMCO CEO Mohamed El-Erian recently offered his tips for how the government can deal with current economic problems, and his insight on what’s happening in the global economy. El-Erian tells CNBC that his firm’s view is that structural problems in the economy need structural solutions, something policymakers tend not to address.
Read moreRitholtz Ups Stock Exposure
September 10, 2010
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Barry Ritholtz of FusionIQ and The Big Picture blog has been moving more cash back into stocks. According to The Wall Street Journal, Ritholtz “waded back into the stock market last week, reducing his firm’s cash position from 80% to just over 50%.” “[That] does not exactly make us rampaging bulls,” Ritholtz said. But “we [...]
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