In his latest market commentary, GMO’s Jeremy Grantham says the Federal Reserve has caused extensive damage to the economy by its manipulation of interest rates and asset prices, and is continuing to do so. Grantham’s lengthy letter (it runs 16 pages) covers a variety of topics. A few highlights: He says that, contrary to popular […]
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Archive | October, 2010
Ritholtz Likes Telecoms, Wary of Gold
October 29, 2010 
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Barry Ritholtz of FusionIQ and The Big Picture blog has been moving back into stocks, and says a “Don’t Fight The Fed” viewpoint is a big factor in his moves. “When the Fed comes out and says, ‘Gee, the economy is worse than we expected,’ that things are taking much longer to get back to […]
Read moreDouble-Dip No Longer a Threat, Top Forecasting Group Says
October 29, 2010 0 Comments
Lackshman Achuthan, director of the Economic Cycle Research Institute, says the threat of a double-dip recession is over. Achuthan, whose group has an excellent track record of forecasting economic cycles, tells CNBC that ECRI’s leading indicators are now definitively showing that a double-dip is off the table. He says the economy is likely headed for […]
Read moreOberweis: Small Caps Ready to Roll
October 29, 2010 1 Comment
In his latest Forbes column, newsletter guru Jim Oberweis says small-cap stocks are primed for a strong run. “Ironically the best time to buy small caps is when investors are shunning them — typically at the tail end of difficult recessions,” Oberweis writes. “Interest rates have no place to go but up, and I believe […]
Read moreReese: Five Top-Line Stars
October 27, 2010 0 Comments
While many firms have been posting strong profit numbers recently, many investors have been worrying about top-line revenue growth. Cost-cutting can only go on so long, the logic goes — if companies can’t generate demand and grow sales, they eventually will run into a profit-growth wall. But while top-line growth has been a big concern, […]
Read moreSonders: Pessimism Is Biggest Enemy
October 27, 2010 0 Comments
While many continue to fret over GDP growth, employment levels, forclosure fraud, and a myriad of other concerns, Charles Schwab’s Liz Ann Sonders says it’s the fretting itself that may be the biggest impediment to market gains. “I’m always most intrigued by the story that the least amount of people are telling, and the story […]
Read moreGross: QE2 Is Trouble, But It’s Bernanke’s Only Choice
October 27, 2010 1 Comment
While hopes of another round of quantitative easing from the Federal Reserve have boosted the stock market, PIMCO’s Bill Gross says such a tact is fraught with dangers. In his latest market commentary, Gross says the Fed’s expected announcement of more easing next Wednesday “represents a critical inflection point in determining our future prosperity.” He […]
Read moreShiller Talks Housing
October 27, 2010 0 Comments
Yale economist Robert Shiller offers his latest take on the housing market. Shiller tells Yahoo! TechTicker that right now, making big bets on real estate — as hedge fund guru John Paulson has done — is a “risky bet”.
Read moreGuru Strategy Rating Changes: Amazon, Vodafone, TXN on Move
October 26, 2010 0 Comments
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-name movers: Amazon.com and Vodafone.
Read moreTilson: The U.S. Is Not Japan
October 26, 2010 1 Comment
While many investors are fearing that the U.S. will slide into a lengthy deflationary spiral similar to that which Japan has endured, top value manager Whitney Tilson says that is unlikely. Tilson offers Business Insider three reasons that the odds of the U.S. entering such a period are less than 5%: Compared to the size […]
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