PIMCO bond guru Bill Gross says that the U.S. is currently offering the best of several bad options for bond investors. “It’s what we call the cleanest dirty shirt, and at the moment the cleanest dirty shirt is the United States,” Gross told CNBC’s Street Signs. ”It’s Treasurys, it’s those 1.75 percent 10-year Treasurys that are [...]
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All Downhill for U.S. Manufacturing? Not So Fast
May 24, 2012
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Conventional wisdom has long held that the U.S. manufacturing sector is on the decline. But in a new research report, Kenneth Fisher’s firm offers a very different take. “The U.S., like most developed countries, has evolved into a more diversified economy, with a heavy emphasis on services, which account for around 70% of U.S. GDP,” [...]
Read moreSiegel on Stocks, Euro Parity
May 22, 2012
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While the market has struggled in recent weeks, Wharton professor and author Jeremy Siegel remains confident that the Dow Jones Industrial Average will hit 15,000 by the end of 2013. Siegel tells Bloomberg that given the recent problems in Europe and the “fiscal cliff” that the U.S. faces, more of the gains may be pushed [...]
Read moreSonders on Sell in May, Positive Signs, and the “Fiscal Cliff”
May 18, 2012
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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 [...]
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 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 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 [...]
Read moreSiegel: ECB Will Devalue Euro
May 11, 2012
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Wharton Professor and author Jeremy Siegel says he thinks the European Central Bank will eventually devalue the Euro to stem the debt crisis in Europe. “My forecast is ultimately the ECB, in an attempt to save the union, will lower the euro,” Siegel says, according to Reuters. “We could see the euro going down to [...]
Read moreECRI Still Sees Recession Coming
May 11, 2012
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The Economic Cycle Research Institute is standing by its call for the U.S. to enter recession in the middle of this year. ECRI COO Lakshman Achuthan tells Bloomberg that recent data is confirming what the group has been saying for some time: that recession is coming. A decline in the rate of job growth supports [...]
Read moreDespite Euro Chaos, Fisher Still Bullish
May 9, 2012
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While the chaos surrounding recent elections in Europe is scaring many investors, author and top-performing money manager Kenneth Fisher says it doesn’t change his bullish outlook for stocks for the year. Fisher tells Reuters that he thinks the European debt situation won’t topple the stock market, and that the fears are overhyped. ”We have seen [...]
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