Discussing Jeremy Grantham’s warning on dwindling natural resources, Validea CEO John Reese takes a look at some resources-related stocks that get high marks from his “Guru Strategies” in his latest column for Canada’s Globe and Mail. “Mr. Grantham was one of the few to warn of both the Internet bubble in the late 1990s and the [...]
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Archive | August, 2011
Guru Strategy Rating Changes: Shell on the Rise
August 16, 2011
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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.
Read moreKrugman: We Need a Short-Term Fix
August 16, 2011
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While many say the U.S. should be focusing on long-term solutions to its debt problems, Nobel Prize-winning Economist Paul Krugman says that a more pressing need is a short-term fix for its economic engine. “When you’re bleeding profusely from an open wound, you want a doctor who binds that wound up, not a doctor who [...]
Read moreBuffett on Why the Wealthy Pay Lower Tax Rates Than Middle Class — And Why They Shouldn’t
August 15, 2011
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With the federal government running huge deficits, Warren Buffett says it’s time to raise taxes on the wealthy — who, he says, often end up paying much lower tax rates than working-class Americans. And, he says, doing so won’t drive wealthy investors away from stocks, as some argue. “I have worked with investors for 60 [...]
Read moreHerro Buying Amid “Fear and Rumor”
August 15, 2011
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Top fund manager David Herro says that fear and rumors have been driving stock prices — not fundamentals — and that has him buying. “We think there is great value in global equities today, and yes we have been buyers of good quality global stocks that have gotten clobbered by [non]-fundamental reasons,” Herro tells Bloomberg. [...]
Read moreSiegel Sees “Irresistible Values”; Says This Isn’t Another 2008
August 15, 2011
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Author and Wharton Professor Jeremy Siegel says the current low valuations in the market make it unlikely that we’ll see another decade of meager returns for stocks, like we did after the tech bubble burst in 2000. ”It’s certainly scary in the short run, but I think there are really irresistible values here in the [...]
Read moreGrantham Buying for First Time Since ’09, But Offers Several Warnings
August 12, 2011
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Jeremy Grantham says his firm is now “very modest buyers” of equities for the first time since mid-2009. “At the close on August 8, a slightly cheap equity portfolio could be put together comprised of U.S. high quality, emerging markets, Japan, Italy, and European growth stocks,” Grantham writes in the second half of his quarterly [...]
Read moreSentiment Plunge A Bullish Sign, Hulbert Says
August 12, 2011
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Mark Hulbert of Hulbert Financial Digest says his index of newsletter sentiment has fallen as low as it did at the market bottom in 2009 — a bullish sign for investors. Hulbert says the average equity exposure among the newsletters is now -20%, meaning the newsletters are recommending a 20% short position in stocks. Given [...]
Read moreRitholtz Doesn’t Think Bottom Is Here, But He’s Scaling Back In
August 12, 2011
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Barry Ritholtz of FusionIQ and The Big Picture blog says he doesn’t think the market has bottomed yet, but he is looking to move more of his portfolio back into stocks. ”It might be a little early,” he tells Yahoo! Finance’s Breakout. “Our approach is we’ll leg in — 10 percent, 10 percent — over a [...]
Read moreReport: Buffett’s Been Buying As Market Falls
August 11, 2011
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Warren Buffett has been viewing the recent market turmoil as a buying opportunity, according to Fortune. “Buffett is looking to buy stocks — oh, and apparently to sell Berkshire bonds too,” writes Fortune’s Andy Serwer, who recently interviewed Buffett. “Berkshire is reportedly taking advantage of record low rates and issuing bonds to raise dirt-cheap capital. [...]
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