Laszlo Birinyi, who warned about financial stocks in the summer of 2008 and turned very bullish on the market not long after it bottomed in 2009, says he isn’t buying the bears’ arguments today. “I think the bearish case is short of substance, the defensive thesis suspect and that selling has been overdone,” Birinyi writes [...]
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Archive | October, 2011
Hulbert: Prescient Indicator Is Bullish
October 18, 2011
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Mark Hulbert says an indicator with an impeccable track record is now in bullish territory. The indicator: The High Low Logic Index, created by Norman Fosback in the 1970s, when he was president of the Institute for Econometric Research. “The index represents the lesser of two numbers: New 52-week highs and new 52-week lows with [...]
Read moreGreenblatt Seeing Plenty of Value
October 18, 2011
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Hedge fund guru Joel Greenblatt thinks the next year is setting up to be a good one for stocks. “Not only is the market cheap, but the value opportunity is really nice right now,” Greenblatt said at the Value Investing Congress in New York, according to The Wall Street Journal. “Greenblatt … opened the conference [...]
Read moreGuru Strategy Ratings: Total, Deutsche Bank On The Move
October 18, 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 moreFisher: Election Year A Bullish Sign For Stocks
October 14, 2011
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In his latest piece for Forbes, Kenneth Fisher says he thinks President Obama will be tougher to unseat than many Republicans seem to think. But regardless of who wins, he says, the fact that we’re heading into an election year bodes well for stocks. “Of the 21 election years since the S&P index began, 17 [...]
Read moreThe Graham Approach: How A 60-Year Old Strategy Still Scores Big
October 14, 2011
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 14.4% since its July 2003 inception vs. 2.3% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring [...]
Read moreYacktman: Big Blue Chips As Cheap As He’s Ever Seen
October 13, 2011
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Top fund manager Donald Yacktman says that in his 40-plus-year investment career, he has “never seen so many large, profitable businesses selling on a relative basis to other things as cheaply as they do today.” Yacktman recently told Bloomberg that PepsiCo and News Corp. are two of the most attractive large-caps he’s finding right now. [...]
Read moreCohen: Stop Obsessing Over Short-Term Swings
October 13, 2011
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Longtime fund manager Hersh Cohen says investors are far too myopic, and allow short-term market swings to drive decision-making in ways that often lead to underperformance. Cohen also tells WealthTrack’s Consuelo Mack that the rapid trading taking place in today’s market has led to more random market swings. And that’s led him away from chasing strength, [...]
Read moreThe Gurus Take a Ride On A Comeback Industry
October 13, 2011
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In a recent article for Real Money, Validea CEO John Reese takes a look at a couple intriguing stocks in the long-maligned auto industry. “On its knees in 2008 and 2009, the industry is in the midst of a significant comeback, along with the kindred truck industry,” Reese writes. “It should be no surprise to [...]
Read moreDoll: U.S. Economy “Doing Just Fine, Thank You”
October 12, 2011
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Blackrock’s Bob Doll says the U.S. economy “is doing just fine, thank you”, and expects to see second-half growth come in around 2%. Doll also tells Bloomberg that he expects to see a strong third-quarter earnings season, and says that with the market offering a dividend yield higher than the 10-year Treasury yield for the first [...]
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