Should you “sell in May and go away,” as the old investing adage says? Charles Schwab Chief Investment Strategist Liz Ann Sonders says not so fast. In commentary on Schwab’s site, Sonders says that it’s true that the market has historically performed better during November-April period than it has during the May-October period. From May [...]
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Diversification: How Many Stocks Is Enough?
May 17, 2012
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In his bi-weekly Hot List newsletter, Validea CEO John Reese offers his take on the markets and investment strategy. In the latest issue, John looks at the issue of diversification and the performance of different-sized portfolios that he runs on Validea.com. Excerpted from the May 11, 2012 issue of the Validea Hot List newsletter No [...]
Read moreBond Guru: “Absolutely No Reason” to Own High-Rated Short-Term Bonds
May 17, 2012
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Top bond fund manager Jeffrey Gundlach says investors should steer completely clear of high-rated bonds with maturities of three years or less — and perhaps even longer. “There is absolutely no reason to own any investment-grade bonds inside of three years for sure,” Gundlach said on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “And maybe [...]
Read moreFisher Likes Pharma, Tech, and Toys — and Books
May 17, 2012
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In his latest column for Forbes, Kenneth Fisher recommends a number of classic investing books, and advises readers to learn all they can from them. Among the books Fisher touts are Benjamin Graham and David Dodd’s Security Analysis, and Roger Babson’s Business Barometers for Anticipating Conditions — which he thinks could increase 100-fold in value [...]
Read moreHow to Learn from History’s Best Investors
May 17, 2012
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In an interview with Wall Street Week’s Al Berkeley, Validea CEO and author of The Guru Investor John Reese discusses his guru-based investment approach. Reese also discusses some of the stocks that his Peter Lynch- and Warren Buffett-inspired strategies are high on right now (part 2 available to subscribers only). Among the picks: General Dynamics [...]
Read moreDoll: The Bull Isn’t Done Running
May 15, 2012
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While equity markets have struggled in recent weeks, Blackrock’s Bob Doll says it’s not the start of a bear market. “Although markets have been troubled in recent weeks, we do not believe investors should confuse the current situation with an ending to the bull market that has been in force since early 2009,” Doll writes [...]
Read moreBerkshire’s Buys & Buffett’s Wisdom
May 15, 2012
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Warren Buffett’s Berkshire Hathaway added at least two new positions to its portfolio in the first quarter, and increased stakes in several other holdings. Berkshire added a 10-million-share new position in General Motors to its portfolio during the quarter, as well as a new 1.6-million-share position in Viacom, according to CNBC. Based on the size [...]
Read moreGross: Austerity Won’t Work
May 15, 2012
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PIMCO’s Bill Gross says that what is needed to fix the European debt crisis is growth and budget discipline — not mere austerity. “No, that doesn’t work,” Gross says of the austerity approach in an interview with the Associated Press. “Eliminating a budget deficit won’t produce growth. It really requires a delicate combination of growth [...]
Read moreGuru Strategy Ratings: INTC Rising, STX Falling
May 15, 2012
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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 moreEuropean Woes: Buying Opportunity or Cause for Concern?
May 15, 2012
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James Paulsen of Wells Capital says he thinks the latest European debt fears will, once again, prove to be a buying opportunity for investors. Paulsen also tells Bloomberg that declining mortgage rates and gas prices are providing a stimulus to the economy, which is doing better than expected. Lincoln Ellis of Strategic Financial Group offers a [...]
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