Newsletter guru Jim Oberweis says that an improving economy and the fact that this is an election year bode well for stocks in 2012 — and that many small-caps should do well regardless of what the economy does. “In January the unemployment rate dropped to a three-year low of 8.3%. Even housing is showing a [...]
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Yardeni: Numbers Show “Old Normal” Reigns
February 21, 2012
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Strategist Ed Yardeni says that the “New Normal” scenario that has been promulgated by Bill Gross and PIMCO is off base — and says recent economic data proves it. “While Bill Gross sees a world full of new normals and paranormals, the old normal business cycle continues to show that it is still in gear,” [...]
Read moreSonders: Recovery Becoming Self-Sustaining
February 17, 2012
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Charles Schwab’s Liz Ann Sonders, whose calls on the start and end of the Great Recession proved very accurate, says she thinks the U.S. economy is entering the second phase of its recovery, with the recovery becoming self-sustaining. “I don’t want to say we’re off to the races again, because I don’t think we’re going [...]
Read moreMobius: A Lot to Like in Brazil
February 14, 2012
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Templeton Asset Management’s Mark Mobius is bullish on Brazil, saying a number of factors are making the Latin American giant an attractive spot for investors to look. “The country’s motto ‘Ordem e Progresso’ (Order and Progress) is finally being realized after an economic history that hasn’t always been very orderly,” Mobius writes on his company [...]
Read moreFisher: PIIGS Won’t Stop Market This Year
February 13, 2012
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Kenneth Fisher says the European debt crisis won’t be enough to stop the stock market in 2012, and expects a big up year for stocks. “Volatility spooked investors in 2011, and as a result there are few superbulls or superbears out there,” Fisher writes in his latest Forbes column. “Most pros are noncommittal, mildly bullish [...]
Read moreKrugman: Don’t Let Up On Unemployment
February 13, 2012
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Economist and Nobel Laureate Paul Krugman says the recent jobs data is encouraging — but that it is not cause to stop major efforts to spur job growth. “For once falling unemployment was the real thing, reflecting growing availability of jobs rather than workers dropping out of the labor force, and hence out of the [...]
Read moreGMO High on Quality & Value, Sour on Bonds
February 10, 2012
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Jeremy Grantham’s GMO has published its fourth-quarter update, offering a contrarian position on Europe and outlining its strategies as we head into 2012. The firm says it moved “incrementally into Europe” in the fourth quarter of 2011, adding. “Selectively, slowly, prudently, of course, but the general belief is that markets have overreacted, and this always [...]
Read moreFisher: 2012 “To Be As Rewarding As 2011 Was Frustrating”
February 8, 2012
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Kenneth Fisher, who correctly said 2011 would be a flattish year for the market with lots of volatility, sees a much better scenario developing in 2012. “Optimists are scarce, and ample skepticism is rampant — a bullish feature — providing a wall of worry for this bull market to climb,” Fisher writes along with several [...]
Read moreEl-Erian Talks Jobs, Economy, Greece
February 7, 2012
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PIMCO’s Mohamed El-Erian says it’s “too early to declare victory”, despite the strong recent jobs numbers. El-Erian does tell CNBC that the numbers are very encouraging, but adds that it is critical that “nothing be done to interrupt this wonderful cyclical bounce”, so that the cyclical bounce becomes a secular bounce. El-Erian also says he [...]
Read moreSonders Sees Employment Gains Continuing
February 6, 2012
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Charles Schwab Chief Investment Strategist Liz Ann Sonders says the recent unemployment data was “pretty close to great”, and sees job growth continuing to be strong in the coming months. Sonders tells CBS This Morning that the January Labor Department report showed “strength across the board”, and she says most leading indicators suggest strong job [...]
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